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Michigan Israel Business Accelerator

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261530156 ✦ Detroit, MI ✦ Designated as a 501(c)(6)

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Overview

What is Michigan Israel Business Accelerator?

Michigan Israel Business Accelerator (MIBA) is a non-profit organization based in Detroit, Michigan, with a focus on promoting commerce and industry between Israel and Michigan. Established under section 501(C)(6) of the Internal Revenue Code, MIBA aims to attract high-growth Israeli technology companies to explore business expansion opportunities in Michigan while also educating and encouraging Michigan's high-growth technology companies to venture into Israel. During 2022, MIBA supported over 400 companies, fostering various connections and successful collaborations, and maintained partnerships with economic development entities in both Michigan and Israel. MIBA's mission is to bolster Michigan's innovation ecosystem, one Israeli connection at a time, and they achieve this goal through business connections, trade missions, and community engagement events. The organization has a workforce of 5 individuals.


Official website here: www.michiganisrael.com

Is Michigan Israel Business Accelerator legitimate?

Michigan Israel Business Accelerator is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan Israel Business Accelerator submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $167,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $236,917

For more financial information, click here


Official website here: www.michiganisrael.com

What is the mission statement of Michigan Israel Business Accelerator?

The Michigan Israel Business Accelerator, abbreviated as MIBA, is a non-profit organization under Section 501(C)(6) of the Internal Revenue Code. Its primary mission is to foster commerce and industry collaboration between Israel and Michigan. MIBA achieves this by attracting high-growth Israeli technology companies to explore business expansion opportunities in Michigan, while also encouraging Michigan's high-growth technology companies to explore business prospects in Israel. MIBA's objective is to advance Michigan's innovation ecosystem, one Israeli connection at a time. In 2022, MIBA and its affiliated organization, the Michigan Israel Business Accelerator Foundation (MIBAF), supported over 400 companies, facilitating numerous connections, collaborations, and business opportunities between Michigan and Israel.


Official website here: www.michiganisrael.com

Who is the CEO of Michigan Israel Business Accelerator?

Scott Hiipakka is the Chair of Michigan Israel Business Accelerator. The CEO's salary of Michigan Israel Business Accelerator is $167,515 and their total compensation is $167,515.


Official website here: www.michiganisrael.com

What is the revenue of Michigan Israel Business Accelerator?

Michigan Israel Business Accelerator's revenue in 2022 was $851,623.


Official website here: www.michiganisrael.com

Who are the executives of Michigan Israel Business Accelerator and what are their salaries?

The average compensation at Michigan Israel Business Accelerator during 2022 was $80,886. There are 5 employees at Michigan Israel Business Accelerator.


Here are 18 key members and their salaries (Michigan Israel Business Accelerator's CEO's salary is $167,515 and their total compensation is $167,515):


Mark Davidoff (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Dergis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Chappell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Ambrose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gahl Berkooz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Burton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Elliot (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Gotthelf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Birgit Kohls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darin Mckeever (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Meeks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Faye Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor Pawl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Robinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Ungerleider (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan Weiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Wolfe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Hiipakka (Chief Executive Officer)
  • Compensation: $167,515
  • Related: $0
  • Other: $0


Official website here: www.michiganisrael.com

Where can I find the form 990 for Michigan Israel Business Accelerator?

Michigan Israel Business Accelerator's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.michiganisrael.com

Learn more at the official website: www.michiganisrael.com

Mission Statement of Michigan Israel Business Accelerator

Michigan Israel Business Accelerator (MIBA) is a non-profit organization under Section 501(C)(6) of the Internal Revenue Code, established with the mission to foster commerce and industry between Israel and Michigan. This mission-driven organization works tirelessly to attract high-growth Israeli technology companies to explore business expansion opportunities in Michigan, while simultaneously encouraging Michigan's own high-growth technology companies to explore business prospects in Israel. By doing so, MIBA aims to advance Michigan's innovation ecosystem, one Israeli connection at a time.

MIBA actively supports a significant number of companies, as evidenced by their 2022 achievements. During this year, MIBA and its affiliated organization, the Michigan Israel Business Accelerator Foundation (MIBAF), backed over 400 companies. Through their efforts, MIBA and MIBAF facilitated 201 connects, 1,006 connections, and 23 successful collaborations. This organizational dedication to forging business connections and fostering partnerships not only extends to economic development entities across the state of Michigan but also to their Israeli counterparts, through trade missions and various community engagement events. These events are designed to promote a better understanding of the business opportunities between Michigan and Israel, ultimately benefiting both regions.

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Impact




October, 2024

The Michigan Israel Business Accelerator (MIBA) significantly impacts the business landscape by fostering connections and collaborations between Michigan and Israeli technology firms. In 2022 alone, MIBA supported over 400 companies, facilitating 201 new connections and 23 successful collaborations.

By attracting high-growth Israeli technology companies to Michigan, MIBA promotes business expansion opportunities and enhances the local innovation ecosystem. Furthermore, the organization engages Michigan technology companies, encouraging them to explore business ventures in Israel.

Through various initiatives, including trade missions and community engagement events, MIBA strengthens relationships with economic development entities, advancing mutual understanding of business opportunities. This strategic focus not only bridges gaps between regions but also catalyzes economic growth and innovation in Michigan.




This information is meant to be a general summary of Michigan Israel Business Accelerator. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$851,623 (2022)
Expenses
$775,408 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $851,623

Assets and Liabilities:

  • Total Assets: $919,155
  • Total Liabilities: $43,859
  • Net Assets: $875,296

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Organization Details

Founding Year

2007

Principal Officer

Scott Hiipakka

Main Address

407 EAST FORT STREET 205, DETROIT, MI, 482262958

NTEE Category

Code: S41 - Community improvement

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