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  5. MAGNETIC AIDS, INC.

MAGNETIC AIDS, INC.

Company Details

Name: MAGNETIC AIDS, INC.
Jurisdiction: New York
Legal type: DOMESTIC BUSINESS CORPORATION
Status: Active
Date of registration: 05 Dec 1958 (66 years ago)
Entity Number: 115018
ZIP code: 12542
County: New York
Place of Formation: New York
Address: 1160 Route 9W, Marlboro, NY, United States, 12542

Shares Details

Shares issued 0

Share Par Value 10000

Type CAP

Unique Entity ID

Unique Entity ID Expiration Date Physical Address Mailing Address
HK49QJE2CSJ3 2024-12-04 1160 ROUTE 9W, MARLBORO, NY, 12542, 5401, USA PO BOX 2502, NEWBURGH, NY, 12550, 0610, USA

Business Information
URL https://www.magneticaids.com
Congressional District 18
State/Country of Incorporation NY, USA
Activation Date 2023-12-07
Initial Registration Date 2003-12-18
Entity Start Date 1958-12-01
Fiscal Year End Close Date Dec 31

Service Classifications
NAICS Codes 327110, 332322, 332510, 332999, 333517, 337215, 424120, 459410
Product and Service Codes 5325, 5340, 7110, 7125, 7195, 7210, 7510, 7520, 7530

Points of Contacts
Electronic Business
Title PRIMARY POC
Name JOSEPH FORMOSO
Role PRESIDENT
Address 201 ANN ST., NEWBURGH, NY, 12550, USA
Title ALTERNATE POC
Name DANIEL FORMOSO
Address 201 ANN ST, PO BOX 2502, NEWBURGH, NY, 12550, USA
Government Business
Title PRIMARY POC
Name DANIEL FORMOSO
Role PRESIDENT
Address 1160 ROUTE 9W, MARLBORO, NY, 12542, USA
Title ALTERNATE POC
Name DANIEL FORMOSO
Address PO BOX 2502, NEWBURGH, NY, 12550, USA
Past Performance
Title PRIMARY POC
Name EVE DANIZGER
Address 201 ANN ST., NEWBURGH, NY, 12550, USA
Title ALTERNATE POC
Name EVE DANIGER
Address 201 ANN ST., NEWBURGH, NY, 12550, USA

Commercial and government entity program

CAGE number Status Type Established CAGE Update Date CAGE Expiration SAM Expiration
16438 Active U.S./Canada Manufacturer 1974-10-25 2024-07-10 2029-07-10 2025-07-08

Contact Information
POC DANIEL FORMOSO
Phone +1 845-863-1400
Fax +1 845-863-1490
Address 1160 ROUTE 9W, MARLBORO, NY, 12542 5401, UNITED STATES

Ownership of Offeror Information
Highest Level Owner Information not Available
Immediate Level Owner Information not Available
List of Offerors (0) Information not Available

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
MAGNETIC AIDS, INC. PROFIT SHARING PLAN 2020 135674084 2021-06-28 MAGNETIC AIDS, INC. 9
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1962-12-28
Business code 326100
Sponsor’s telephone number 8458631400
Plan sponsor’s address 1160 ROUTE 9W, MARLBORO, NY, 12542

Signature of
Role Plan administrator
Date 2021-06-28
Name of individual signing JOSEPH FORMOSO
Role Employer/plan sponsor
Date 2021-06-28
Name of individual signing JOSEPH FORMOSO
MAGNETIC AIDS, INC. PROFIT SHARING PLAN 2019 135674084 2020-09-28 MAGNETIC AIDS, INC. 9
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1962-12-28
Business code 326100
Sponsor’s telephone number 8458631400
Plan sponsor’s address 1160 ROUTE 9W, MARLBORO, NY, 12542

Signature of
Role Plan administrator
Date 2020-09-28
Name of individual signing DANIEL FORMOSO
Role Employer/plan sponsor
Date 2020-09-28
Name of individual signing DANIEL FORMOSO
MAGNETIC AIDS, INC. PROFIT SHARING PLAN 2018 135674084 2019-05-31 MAGNETIC AIDS, INC. 9
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1962-12-28
Business code 326100
Sponsor’s telephone number 8458631400
Plan sponsor’s address PO BOX 2502, 201 ANN ST, NEWBURGH, NY, 12550

Signature of
Role Plan administrator
Date 2019-05-31
Name of individual signing DANIEL FORMOSO
Role Employer/plan sponsor
Date 2019-05-31
Name of individual signing DANIEL FORMOSO
MAGNETIC AIDS, INC. PROFIT SHARING PLAN 2017 135674084 2018-07-27 MAGNETIC AIDS, INC. 9
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1962-12-28
Business code 326100
Sponsor’s telephone number 8458631400
Plan sponsor’s address PO BOX 2502, 201 ANN ST, NEWBURGH, NY, 12550

Signature of
Role Plan administrator
Date 2018-07-27
Name of individual signing DANIEL FORMOSO
Role Employer/plan sponsor
Date 2018-07-27
Name of individual signing DANIEL FORMOSO
MAGNETIC AIDS, INC. PROFIT SHARING PLAN 2016 135674084 2017-08-18 MAGNETIC AIDS, INC. 9
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1962-12-28
Business code 326100
Sponsor’s telephone number 8458631400
Plan sponsor’s address PO BOX 2502, 201 ANN ST, NEWBURGH, NY, 12550

Signature of
Role Plan administrator
Date 2017-08-18
Name of individual signing DANIEL FORMOSO
Role Employer/plan sponsor
Date 2017-08-18
Name of individual signing DANIEL FORMOSO
MAGNETIC AIDS, INC. PROFIT SHARING PLAN 2015 135674084 2016-07-28 MAGNETIC AIDS, INC. 9
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1962-12-28
Business code 326100
Sponsor’s telephone number 8458631400
Plan sponsor’s address PO BOX 2502, 201 ANN ST, NEWBURGH, NY, 12550

Signature of
Role Plan administrator
Date 2016-07-28
Name of individual signing E. FORMOSO
Role Employer/plan sponsor
Date 2016-07-28
Name of individual signing E. FORMOSO

DOS Process Agent

Name Role Address
MAGNETIC AIDS, INC. DOS Process Agent 1160 Route 9W, Marlboro, NY, United States, 12542

Chief Executive Officer

Name Role Address
DANIEL FORMOSO Chief Executive Officer 1160 ROUTE 9W, MARLBORO, NY, United States, 12542

History

Start date End date Type Value
2024-12-09 2024-12-13 Shares Share type: CAP, Number of shares: 0, Par value: 10000
2024-12-09 2024-12-16 Address 1160 ROUTE 9W, MARLBORO, NY, 12542, USA (Type of address: Chief Executive Officer)
2024-12-09 2024-12-16 Address 1160 Route 9W, Marlboro, NY, 12542, USA (Type of address: Service of Process)
2024-12-03 2024-12-09 Shares Share type: CAP, Number of shares: 0, Par value: 10000
1958-12-05 2024-12-03 Shares Share type: CAP, Number of shares: 0, Par value: 10000
1958-12-05 2024-12-09 Address 39 WEST 32ND ST, NEW YORK, NY, 10001, USA (Type of address: Service of Process)

Filings

Filing Number Date Filed Type Effective Date
241216000283 2024-12-13 CERTIFICATE OF AMENDMENT 2024-12-13
241209001525 2024-12-09 BIENNIAL STATEMENT 2024-12-09
B330040-2 1986-03-06 ASSUMED NAME CORP INITIAL FILING 1986-03-06
284218 1961-08-24 CERTIFICATE OF AMENDMENT 1961-08-24
134118 1958-12-05 CERTIFICATE OF INCORPORATION 1958-12-05

USAspending Awards. Contracts

Contract Type Award or IDV Flag PIID Start Date Current End Date Potential End Date
PURCHASE ORDER AWARD HHSN272201000451P 2010-04-01 2010-04-29 2010-04-29
Unique Award Key CONT_AWD_HHSN272201000451P_7529_-NONE-_-NONE-
Awarding Agency Department of Health and Human Services
Link View Page

Award Amounts
Obligated Amount 3723.00
Current Award Amount 3723.00
Potential Award Amount 3723.00

Description
Title TAS::75 0885::TAS MAGNETIC AIDS
Product and Service Codes 7510: OFFICE SUPPLIES

Recipient Details
Recipient MAGNETIC AIDS, INC.
UEI HK49QJE2CSJ3
Legacy DUNS 002563955
Recipient Address UNITED STATES, 201 ANN ST, NEWBURGH, ORANGE, NEW YORK, 125505417

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
3955588508 2021-02-24 0202 PPS 1160 Route 9W, Marlboro, NY, 12542-5401
Loan Status Date 2021-11-20
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 35592
Loan Approval Amount (current) 35592
Undisbursed Amount 0
Franchise Name -
Lender Location ID 29805
Servicing Lender Name TD Bank, National Association
Servicing Lender Address 2035 Limestone Rd, WILMINGTON, DE, 19808-5529
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Marlboro, ULSTER, NY, 12542-5401
Project Congressional District NY-18
Number of Employees 3
NAICS code 423990
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 29805
Originating Lender Name TD Bank, National Association
Originating Lender Address WILMINGTON, DE
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 35830.27
Forgiveness Paid Date 2021-10-26

U.S. Small Business Administration Profile

Status User ID Name of Firm Trade Name UEI Address
Active P0432889 MAGNETIC AIDS, INC. - HK49QJE2CSJ3 1160 ROUTE 9W, MARLBORO, NY, 12542-5401
Capabilities Statement Link -
Phone Number 845-863-1400
Fax Number 845-863-1490
E-mail Address daniel@magneticaids.com
WWW Page https://www.magneticaids.com
E-Commerce Website -
Contact Person DANIEL FORMOSO
County Code (3 digit) 111
Congressional District 18
Metropolitan Statistical Area -
CAGE Code 16438
Year Established 1958
Accepts Government Credit Card Yes
Legal Structure Corporation
Ownership and Self-Certifications Women-Owned Small Business, Woman Owned
Business Development Servicing Office NEW YORK DISTRICT OFFICE (SBA office code 0202)
Capabilities Narrative Magnetic assembly, custom die cutting, metal to magnet assembly & design, magnet evaluation and testing, adhesive laminating, painting, magnetic office product manufacture and design
Special Equipment/Materials neodymium, rare earth, and ceramic magnets flex magnetic strip, sheet metal, and tape magnetizers paint booth slitters & cutters, manual presses, laminators, riveters, sanders, drills, shear, glue, packaging and boxing
Business Type Percentages Manufacturing (100 %)
Keywords Magnetic, office products, picture hangers, coat hooks, magnetic shelves, door stops, door bumpers, file & mail trays, print holders, book supports, bulldog clips, clipboards, plant hangers, magnets, neodymium magnets, ceramic magnets, flex magnetic sheets, custom die cut shape, magnetic tape, FMS, flex magnetic strips, clasps, magnetic custom job
Quality Assurance Standards ANSI/ASQC Z1.4MIL-STD-45662A
Electronic Data Interchange capable -

Current Principals
Name Joseph Formoso
Role President

SBA Federal Certifications
HUBZone Certified No
Women Owned Certified No
Women Owned Pending No
Economically Disadvantaged Women Owned Certified No
Economically Disadvantaged Women Owned Pending No
Veteran-Owned Small Business Certified No
Veteran-Owned Small Business Joint Venture No
Service-Disabled Veteran-Owned Small Business Certified No
Service-Disabled Veteran-Owned Small Business Joint Venture No

Bonding Levels
Description Construction Bonding Level (per contract)
Level $0
Description Construction Bonding Level (aggregate)
Level $0
Description Service Bonding Level (per contract)
Level $0
Description Service Bonding Level (aggregate)
Level $0

NAICS Codes with Size Determinations by NAICS
Primary Yes
Code 332999
NAICS Code's Description All Other Miscellaneous Fabricated Metal Product Manufacturing
Buy Green Yes
Code 327110
NAICS Code's Description Pottery, Ceramics, and Plumbing Fixture Manufacturing
Buy Green Yes
Code 332322
NAICS Code's Description Sheet Metal Work Manufacturing
Buy Green Yes
Code 332510
NAICS Code's Description Hardware Manufacturing
Buy Green Yes
Code 333517
NAICS Code's Description Machine Tool Manufacturing
Buy Green Yes
Code 337215
NAICS Code's Description Showcase, Partition, Shelving, and Locker Manufacturing
Buy Green Yes
Code 339940
NAICS Code's Description Office Supplies (except Paper) Manufacturing
Buy Green Yes
Code 424120
NAICS Code's Description Stationary and Office Supplies Merchant Wholesalers
Buy Green Yes
Code 459410
NAICS Code's Description Office Supplies and Stationery Retailers
Buy Green Yes

Export Profile (Trade Mission Online)
Exporter Yes
Export Business Activities Manufacturer, Retailer
Exporting to Canada; Cayman Islands; Germany; United Kingdom
Desired Export Business Relationships Direct export sales, Overseas retailers, Contract manufacturing, Joint venture/coventure
Description of Export Objective(s) Made in USA quality products to the world, develop new sales outlets

Related by officers

No related officers

Related by address

No related companies by address

Date of last update: 18 Mar 2025

Sources: New York Secretary of State

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