Liza Alvarez, the former director of human resources for Vine Line, now takes over as the companys president. If this organization has filed an amended return, it may not be reflected in the data below. Dr. Jandernoa's office is located at 2410 Lake Lansing Rd Ste 2 Lansing, MI 48912. He is the Co- Founder of Grand Angels, LLC., which is another investment capital entity in Grand Rapids. Vine Line Produce Distribution, which operates from a facility at 1055 7 Mile Road NW, formed following a three-way merger orchestrated by 42 North Partners in 2019 that included Heeren Bros. Inc., Walsma & Lyons, and Vine Line Logistics LLC. He said he wants to spend more time with his children. Their combined service has touched dozens of nonprofits, including TeachingWorks. Tweet. Nate DeVries Senior Accountant. In recent years, Jandernoa has been involved with, In addition, Jandernoa has used his wealth to influence state politics. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. Jandernoa Name Meaning Historically, surnames evolved as a way to sort people into groups - by occupation, place of origin, clan affiliation, patronage, parentage, adoption, and even physical characteristics (like red hair). Jennifer James Copyright 2022 Massinvestor, Inc. All Rights Reserved. Grand Rapids Institute for Information Democracy, Jandernoa is the former president of Perrigo. (Image: Screengrab) In a virtual town hall last week, the CEO of a Utah-based digital marketing and technology company, who is forcing employees to return to . Its a lot of time and Im so blessed to have been involved with Perrigo for this time.. Greater Grand Rapids Economic Development - The Right Place, Carl Jandernoa - Partner - 42 North Partners - LinkedIn, Displaying items tagged: 42 North Partners LLC - MiBiz: West Michigan Business News. Ken Fawcett Jandernoa is the founder and Chairman of 42 North Partners who served as CEO of Perrigo Co. plc from 1988 to 2000. That involves working with his three sons Carl, Rob and Steve, all of whom returned to West Michigan in recent years at 42 North Partners, which he launched in 2011 to manage business and philanthropic interests. The company has now ballooned to 1,485 employees and maintains 670,000 square feet of combined warehouse space nationwide. "It's fun. Beyond his leadership at Perrigo, Mike is also the founder of both Jandernoa Entrepreneurial Mentoring, a business coaching initiative, and 42 North Partners, a family office focusing on investments, entrepreneurship, and community. Following the example set by Mike and Sue and bolstered by their continued leadership, our team of experienced professionals focuses our efforts primarily in three areas: investments, entrepreneurship, and community. Trustee Earlier this month, Indianapolis-based FreshEdge, backed by private equity firm Rotunda Capital Partners, announced that it has acquired Vine Line, which is based in Kent Countys Alpine Township. landmine rotations with dumbbells In recent years, Jandernoa has been involved with42 North Partners, which he created with his wife Sue. ALPINE TWP. Bill Lawrence . Diversity, Equity & Inclusion (DE&I) Resources, Michigan Venture & Entrepreneurial Foundation. 10/14/2022 Lisa Labinski . This internship is a remote position and requires a working, reliable internet connection as well as a quiet, dedicated workspace. Twitter: @masanche. Cookie Settings/Do Not Sell My Personal Information. April 19, 2023, 2:18pm. His tenure on the board ends with the next Perrigo shareholder meeting in April. Get personal images, LinkedIn links, investment specialties, office locations and more with a, 2022 Michigan Investment Organizations - DBusiness. Perrigo has been under pressure to make changes from an activist shareholder, SUBSCRIBE TO MIBIZ TODAY FOR WEST MICHIGANS FINEST BUSINESS NEWS REPORTING, Major health systems dropping mask mandates in momentous shift of pandemic policy, Michigan organizations receive $34.3M in federal funds to lend in low- and moderate-income communities, Access to credit may tighten, but Michigan banks maintain strong health, Survey finds 39% of Michigan hospital nurses want to quit within a year, Michigan health insurers keeping preventative care coverage despite Texas court ruling, MiBiz on WOOD-TV8: Perrigo to pitch FDA on over-the-counter birth control pill, Perrigo to pitch FDA in May on over-the-counter birth control pill, Perrigo backs off on M&A to focus on integrating recent deals, reducing debt, Talent, economic development and playing defense: Biz advocates prepare for new landscape in Lansing, Michigans economic competitiveness dips slightly as other states make gains. ", He said there are estimates that U.S. companies have about $1.5 trillion invested abroad. Deputy CountyAdministrator, Kent County 42 North Partners is part of the Finance industry, and located in Michigan, United States. After having a hand in growing Perrigo to $5.35 billion in sales in 2015 with a global workforce of more than 13,000 people, Jandernoa said hes pivoting to focus on what he calls his next career.. From 1991 to 2003, Jandernoa served as chairman of the board of Perrigo. "All this conversation about trade," Jandernoa said, " and we have a tax system from the 1900s.". That drug generated $93 million in royalties in the third quarter. Superintendent, Kentwood Public Schools, Trustee Our state's entrepreneurial economy hinges on our ability to provide capital to our high-growth, high-potential companies. Aquinas College - $50,000; Catholic Central High School - $150,000; Diocese of Grand Rapids - $80,000 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in GrandRapids, Michigan. (Monroe County Sheriff's Office) MONROE COUNTY, Fla - A Monroe County Sheriff's Office deputy was arrested for DUI overnight Saturday after he was found . Of Hendrickson, who was elevated to the CEO post in June, and other company executives - including Jeff Needham, executive vice president and general manager of consumer healthcare -- Jandernoa said he has lots of confidence in them and they are very skilled. His departure from the boardwas announced last week at the same time as Gary Kunkle, who has been a board member since October of 2002. Claim your profile . His family firm 42 North Partners, takes its. Perrigo also has hired a third-party consultant to provide an outside perspective and evaluate our segments, market positions, growth opportunities and relative organizational structures, CEO John Hendrickson said in a statement. Mike Jandernoa is the former board chairman and CEO of Perrigo Co., as well as a mentor to Michigan entrepreneurs and an emeritus member of the Business Leaders for Michigan. Copyright 2021 Pro Publica Inc. The IRS Form 990 is an annual information return that most organizations claiming federal tax-exempt status must file yearly. SUBSCRIBE TO MIBIZ TODAY FOR WEST MICHIGANS FINEST BUSINESS NEWS REPORTING, Report: Spiking equipment repair costs add to restaurants challenges, 2 new Shape partnerships bringing more sustainable materials to auto industry, GR tech startup raises $4.4M to help employers analyze staff competencies, GFS partnership addresses industry labor shortage with robotic food prepping, Big Rapids auto supplier plans 60 permanent layoffs in coming months, With latest distribution expansion, Bells beer is now available in 49 states, New MDARD director eyes opportunities to boost resilience of Michigan farms, Revolution Farms, Meijer issue wide-scale lettuce recall, Lakewood Construction acquires Royal Glass, aims to grow construction footprint, West Michigan private jet provider merging with Florida company to expand offerings. (He has not put his name up for re-election.). Mike Jandernoa leaves the board at Perrigo Co. plc next spring and in the process ends a link to the companys past when it was a far smaller producer of medications in rural Allegan. 27-year-old Jonathon Michael Lane. Since the company was reincorporated in Dublin, Ireland, in 2013 to take advantage of its lower corporate tax rate, the board is required to hold 80 percent of its meetings there. The family will receive relatives and friends Thursday, September 29, from 2:00 to 4:00 p.m . He is also the founder of Jandernoa Entrepreneurial Mentoring, co-founder and Board member of both Grand Angels and Bridge Street Capital Partners, managing general partner and board member of Hopen Life Science Ventures, and founder and Chairman of 42 North Partners, a family office focusing on investments, entrepreneurship, and community. Perrigo reported the loss and impairment charges while announcing that it was exploring strategic alternatives for the royalty rights to the multiple sclerosis drug Tysabri. In addition, Jandernoa serves as General Partner at Bridge Street Capital Fund I, L.P, where he sits on the Executive Committee with John Kennedy. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. According to the Michigan Campaign Finance Network, Jandernoa gave $437,500 in the 2015 2016 election cycle (the 9th most in the state) to the Republican Party and he contributed $795,000 in the 2017 2018 election cycle, most notably to candidates from the Greater Grand Rapids area, like State Senator Peter MacGregor. John Meilner President. If you would like us to contact you for follow up, please include your name and e-mail address and we will be in touch. 42 North Partners | Site by BrightBridge Studios. 2023 Advance Local Media LLC. I need to give my sons and the family office more time.". Terms of Three years later, Perrigo became a public company. He said he was very surprised that Donald Trump won last Tuesday's presidential election. Perrigo acquired the royalty stream as part of its $8.6 billion deal for. Jandernoa family office 42 North Partners exits Vine Line in sale to PE-backed FreshEdge ALPINE TWP. Steve is an active community volunteer and Board member of Artists Creating Together and Catholic Central High School. His previous experiences include being the President of Vine Line Group, the Chief Financial Officer of Heeren companies, and working as a CPA at Ernst & Young and KPMG. He said companies that compete on a global basis are forced to grow their businesses overseas because U.S. taxes put them at a cost disadvantage here. Stockholm, Stockholms Lan, Sweden View. Access lists of funders based on detailed search criteria and other features such as: Copyright 2023 Candid. Including travel, each of those trips consumes about four days Jandernoa said. Attorney, Miller Johnson, Trustee Trustee Jandernoa retired as CEO of Perrigo in 2000 and from the board in 2017. Kevin Polston Navigate all the resources featured in the Landscape Guide by geographic location, industry sector, and organization type. Like all members of the Grand Rapids Power Structure, the Jandernoa Foundation does two main things. "I think the beauty of what we've got on the board is we've got a lot of members with long service who know and appreciate the hometown and the core manufacturing and production of Allegan, Mich.," said Jandernoa. He serves on the Board of Directors of Business Leaders for Michigan, Cirius Therapeutics, Metabolic Solutions Development Company, and Spectrum Health System. Fast-track your prospect research with a Professional plan subscription. Struggling to maintain healthy relationships? Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 4/4/2023), Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (updated 1/26/2023). a Partner in our family office. This article is available to paid digital subscribers. Jandernoa has been a director since 1981. He holds an MBA from the University of Michigan. . Community Rules apply to all content you upload or otherwise submit to this site. Duplicated download links may be due to resubmissions or amendments to an organization's original return. Senior writer, covers health care, finance and life sciences. That exceeded the average of expectations of 15 financial analysts surveyed by Zacks Investment Research of $1.59 per diluted share. Michael Jandernoa is one of the lesser-known members of the Grand Rapids Power Structure. His previous experiences include being the President of Vine Line Group, the Chief Financial Officer of Heeren companies, and working as a CPA at Ernst & Young and KPMG. Carl Jandernoa Partner. It has not been an easy decision, said Jandernoa, one of the longest-serving directors at a West Michigan-based corporation. Small organizations filing a Form 990N "e-Postcard" are not included in this data. 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. Michael J. Jandernoa. President, Grand Rapids Community Foundation, Trustee First, this foundation funds the kinds of things that align with Jandernoas ideology, and second, his foundation provides funding to non-profits that offer charity-based solutions for people experiencing poverty. His family firm 42 North Partners, takes its name from the 42nd parallel, which cuts across Lake Michigan into Grand Rapids and West Michigan. Following the example set by Mike and Sue and bolstered by their continued leadership, our team of experienced professionals focuses our efforts primarily in three areas: investments, entrepreneurship, and community. Jandernoa plans to step away from the company to dedicate more time to running 42 North Partners LLC, the family office he formed five years ago in Grand Rapids. Affordable one-bedroom apartments in the project will have an estimated rent starting at $352 per month, and affordable two-bedroom units will start at $422. Please verify insurance information directly with your doctor's office as it may change frequently. 42 North Partners invests in companies in the Midwest and has seen investment prospects and acquisitions growing like crazy, all of which required more of his time. Trustee Jandernoa has done this in three ways. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Aarie Wade Jandernoa was born in Detroit, spent the early years of his life in tiny Pewamo in Ionia County and relocated to the Grand Rapids area at age 14. Michael Jandernoa has been the CEO of numerous companies in West Michigan over the years, such a Perrigo and 42 North Partners. His departure from the board next spring ends not just his tenure as Perrigos longest-serving director, but also the companys final connection to its days of local ownership. OVERVIEW. Grand Rapids-based Spectrum and Southfield-based Beaumont announced in June that they had signed an agreement to explore creating a new health system that would have 22 hospitals, 305 outpatient care centers, and about $13 billion in operating revenue. During his time at the helm, Mr. Jandernoa took Perrigo from a privately held $30 million company to a $2.5 billion publicly-traded firm. Matthew VanZetten In the category of charity-based funding, here are some of the organizations that the Jandernoa Foundation supports: To be clear, we are not saying that these organizations dont serve specific needs, but we are also saying that these organizations do not work to end root causes of problems, rather they use charity-based solutions. Family foundations . Although companies that compete globally need offices overseas, he said, "If we don't bring some of that money back, the middle class won't be able to close the wage gap.". Six -ten startups will be selected for a four-month program that will immerse them in The Walt Disney Company. There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. All rights reserved (About Us). Phone: 616-325-2100. Jandernoa also sits on the boards of numerous groups that are part of the Grand Rapids Power Structure, like the West Michigan Policy Forum, Talent 2025, Business Leaders for Michigan and The Education Trust, which is an organization that promotes Charter Schools. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Jandernoa Family Office, SDIX - Service Delivery Index. They were previously living in the Chicago area. We are very busy with that and we have more on the plate, said Jandernoa, who opted not to stand for re-election to the board of directors at Perrigo. YouTubes privacy policy is available here and YouTubes terms of service is available here. Perrigo re-incorporate itself in Ireland, but Allegan County's role will not change in Perrigo's world, he said. The approximate dates of this internship are June 2023 - January 2024. 42 North Partners Location 171 Monroe Ave NW Ste 410, Grand Rapids, Michigan, 49503, United States Description Read More Industry Finance General Finance Who We Are 42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. That is part of the mixed emotions, no doubt about it, Jandernoa said. Service. Candidate must be available to work full time hours (approximately 40 hours per week) for the duration of the internship. Fresh produce distributor Vine Line Group LLC has changed hands following a recent sale. Likelihood of recommending Dr. Jandernoa to family and friends Tell us about your experience with Dr. Jandernoa Dr. Jandernoa's Office & Staff . This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly. You can find other locations and directions on Sharecare. Going into my next career, the family office, I thought I would be able to manage the time and the family office a little bit better, but with three sons involved and all of them working on the investing side, our transactions, and the number of investments and our acquisitions have been growing like crazy, he said. He has high praise for Hendrickson, a 27-year veteran of the company who took over after former CEO Joe Papa departed earlier this year. Mel Atkins II Next year, when it actually happens, its going to be very emotional when it gets to the real date., Jandernoa began with Perrigo when the company had a workforce of 300 people and $30 million in sales. Perrigo executives bought back the company in another management-led leveraged buyout in 1988, the same year Jandernoa became CEO. Mike Jandernoa is an investor, board member, entrepreneur, and mentor who is committed to Michigans entrepreneurial and investment community, the vitality of the state, and building connections to grow Michigans economy. "We've got so many plans invested in Allegan and hundreds of millions of dollars invested here," he said. He said European hotels are filled with American businessmen and women visiting to satisfy foreign incorporation rules. Company: Bridge Street Capital Partners, LLC Position: Co-founder and partner Age: 59 Birthplace: Detroit Residence: West Olive Family/Personal: Wife Sue; three sons, age 27 . Location 171 Monroe Ave NW Ste 410 Grand Rapids, MI 49503-2634 United States. The ideologically driven funding that the Jandernoa Foundation provides goes to the following entities: All of the above entires either are designed to either; 1) influence educational outcomes Catholic Central, Calvin Theological Seminary, GVSU and the Grand Rapids Students Advancement Foundation; 2) Pro-capitalist practices Junior Achievement, Grand Action and Start Garden Foundation, or 3) public policy outcomes Mackinac Center for Public Policy and the Great Lakes Education Foundation. In recent years, Jandernoa has been involved with 42 North Partners, which he created with his wife Sue. From https://projects.propublica.org/nonprofits. The Intern will be responsible for creating documents to launch projects, managing existing reporting tools, and creating new tools as necessary. The KSSN Board of Directors is made up of 15community leaders who are invested in the lives of children, youth, and families. The board has five or six regularly scheduled meetings each year and others are called as needed to discuss acquisitions or other major developments. That drug generated $93 million in royalties in the third quarter. Including him, the 10-member board has five members with 13 or more years of service. Janet Dekkinga Executive Assistant / Office Manager. This data release includes only a subset of what can be found in the full Form 990s. . We are fully behind John and his plan and his ideas.". This article is available to paid digital subscribers. Today, Jandernoa finds his time divided between 42 North Partners, service on boards for a number of organizations and local businesses including Business Leaders for Michigan and the West Michigan Policy Forum, and his duties as a Perrigo director. That include stakes in burgeoning companies such as Metabolic Solutions Development Co., a pharmaceutical-discovery company formed in Kalamazoo in 2003 that is working to develop new treatments for such things as type 2 diabetes. The program begins in the summer and concludes with a Demo Day in the fall. 42 North Partners acquired Heeren Bros Inc. in 2015 from the Heeren family, which founded the company in 1933. Grand Rapids, MI 49503 Directorof Education, Baxter Community Center, Superintendent, Godwin Heights Public Schools, Executive Director, Family Outreach Center, Superintendent, Kent Intermediate School District. He said lowering the corporate tax rate from its current 35 percent to about 15 percent would open the door for American companies to draft plans to reinvest in the U.S. But he hopes the businessman fulfills statements he has made to dramatically lower the U.S. corporate tax rate. There are some secrets even true "Chopped" fans don't know about. Copyright. Like all members of the Grand Rapids Power Structure, the Jandernoa Foundation does two main things. Dr. Nathan Jandernoa, DDS . Market-rate one-bedroom units will be $1,400 a month, and two-bedrooms will be $1,650. 12.901 (b) (2) Petition for Dissolution of Marriage with Property but No Dependent or Minor Child (ren) Download: Type: Petition. President, Jandernoa Family Foundation, 42 North As a non-profit, we offer free help to anyone looking to learn the details of their family story. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. Partner - Wictor Holding AB - Rdgivare and Client Executive at Wictor Family Office. Read the API documentation . Jandernoa is the former president of Perrigo. Carl Jandernoa has been working as a Partner at 42 North Partners for 12 years. Gratitude is also extended for the love, prayers and support that has been provided by family and friends. 02/11/2022. To watch the lecture, click here. Jandernoa's sons have various roles in 42 North Partners, a private equity firm started by him and his wife Sue about eight years ago that has several involvements, including venture capital investments, various entrepreneurial efforts, acquisitions, a CEO mentoring service, and community-based initiatives. The Disney Accelerator is designed to accelerate business development opportunities with growth-stage startups from around the world. As we have noted in previous Foundation Watch posts, members of the Grand Rapids Power Structure are influencing economic policy at the state level that creates poverty conditions for thousands in West Michigan, but their foundations only provide charity-based solutions that do not address root causes of economic disparities. Snap. Following the example set by Mike and Sue and bolstered by their continued leadership, our team of experienced professionals focuses our efforts primari Contact Who is 42 North Partners Headquarters He said the company's production of prescription and generic pharmaceuticals and other products, as well as the company's top management, remain in Allegan where its corporate culture is strongest. We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. In pursuit of that growth, the president and CEO at the YMCA of Greater Grand Rapids applied a year ago to Jandernoa Entrepreneurial Mentoring, an organization that Mike Jandernoa started a decade ago to mentor business leaders. The $1.25 billion loss resulted from two large impairment charges connected to Europe, according to the company. He is the former CEO and chairman of Perrigo Company. 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