2024-02-22T15:06:34-06:00 2023-06-30 341818258 MEADEN & MOORE LTD 1375 EAST NINTH STREET SUITE 1800 CLEVELAND OH 441141790 990 2022-07-01 341398522 JUMPSTART INC JUMP 2163633400 6701 CARNEGIE AVENUE 100 CLEVELAND OH 44103 RICHARD JANKURA INTERIM CHIEF EXECUTIVE OFFICER 2163633400 2024-02-19 1 RICHARD JANKURA 999009999 0 KAREN B COONEY P00285983 2162413272 2024-02-16 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD JANKURA 6701 CARNEGIE AVENUE 100 CLEVELAND OH 44103 26472790 0 X WWW.JUMPSTARTINC.ORG X 1983 OH TO ACCELERATE THE PROGRESS OF HIGH POTENTIAL, EARLY-STAGE BUSINESSES, IMPROVE SUCCESS IN ACHIEVING GOALS & RAISING CAPITAL RESULTING IN JOB CREATION & GROWTH IN NORTHERN OHIO. 30 29 91 77 26250 0 11821753 19705819 2210465 1930673 7478895 948973 0 0 21511113 22585465 2223745 974865 0 0 10698817 11090853 0 0 1022436 8713090 12538211 21635652 24603929 -124539 -2018464 82356707 90254116 13656986 21771980 68699721 68482136 X JUMPSTART INC. UNLOCKS THE FULL POTENTIAL OF ENTREPRENEURSHIP TO TRANSFORM ENTIRE COMMUNITIES. JUMPSTART INC. COMBATS COMMUNITY DETERIORATION AND LESSENS THE BURDENS OF GOVERNMENT BY CONDUCTING INVESTMENT AND OTHER PROGRAMS TO ENHANCE THE ECONOMIC REVITALIZATION OF NORTHERN OHIO, AN AREA WHICH HAS EXPERIENCED ECONOMIC DECLINE AND COMMUNITY DETERIORATION ("ECONOMIC REVITALIZATION PROGRAMS"). 0 0 5504402 1930673 ENTREPRENEURIAL SERVICES AND INVESTING:JUMPSTART INC. CONDUCTS ITS ECONOMIC REVITALIZATION PROGRAMS BY FUNCTIONING AS A REGIONAL NONPROFIT VENTURE DEVELOPMENT ENTITY WHICH SUPPORTS STARTUPS AND HIGH POTENTIAL SMALL BUSINESSES WHO HAVE THE POTENTIAL TO ECONOMICALLY TRANSFORM COMMUNITIES.AS THE PRIMARY ENTREPRENEURIAL ECONOMIC REVITALIZATION PROGRAM JUMPSTART INC. ENCOURAGES THE CREATION OF NEW EMPLOYMENT OPPORTUNITIES IN NORTHERN OHIO THROUGH ACTIVITIES SUPPORTING THE LAUNCH AND GROWTH OF COMPANIES WITH HIGH POTENTIAL FOR PROVIDING EMPLOYMENT OPPORTUNITIES AND THEREBY CONTRIBUTING TO THE ALLEVIATION OF ECONOMIC DISTRESS IN NORTHERN OHIO, WHICH HAS EXPERIENCED ECONOMIC DECLINE AND COMMUNITY DETERIORATION, AND ENHANCING ITS ECONOMIC REVITALIZATION.JUMPSTART CONDUCTS INVESTMENT ACTIVITIES TO SUPPLEMENT STATE AND LOCAL GOVERNMENT ECONOMIC AND JOB DEVELOPMENT INVESTMENT AND OTHER PROGRAMS DIRECTED AT ENCOURAGING THE INITIATION OF GROWTH, MATURATION AND EXPANSION OF SMALL BUSINESSES WITH A POTENTIAL FOR PROVIDING ENHANCED EMPLOYMENT OPPORTUNITIES AND THEREBY CONTRIBUTING TO AN ECONOMIC REVITALIZATION OF NORTHERN OHIO. JUMPSTART OFTEN BUNDLES GUIDANCE FROM EXPERIENCED VENTURE PARTNERS WITH ITS SEED INVESTMENT CAPITAL. EARLY-STAGE INVESTMENT FROM JUMPSTART ALLOWS THESE INNOVATIVE COMPANIES TO COMPLETE PRODUCT PROTOTYPES, CONDUCT EARLY MARKETING CAMPAIGNS, AND ADD KEY MEMBERS. SIMILARLY, THE STRATEGIC AND OPERATIONAL GUIDANCE FROM VENTURE PARTNERS ENABLES INNOVATION-ORIENTED ENTREPRENEURS TO HIT KEY GROWTH MILESTONES, ADVANCE THROUGH STAGES OF THE BUSINESS, AND ATTRACT FOLLOW-ON FUNDING. THROUGH FISCAL YEAR 2023, JUMPSTART HAS INVESTED $93M IN 170 PORTFOLIO COMPANIES WHOSE BUSINESS ACTIVITIES WERE DETERMINED TO BE CONSISTENT WITH THE GOALS OF THE ECONOMIC REVITALIZATION PROGRAM. WITH REGARD TO ACCELERATING GROWTH, CLIENT AND PORTFOLIO COMPANIES RECEIVE INTENSIVE TECHNICAL SUPPORT FROM THE JUMPSTART TEAM. VENTURE PARTNERS AND MENTORS ASSIGNED TO A CLIENT COMPANY PROVIDE GUIDANCE TO HELP ENSURE THAT KEY MILESTONES ARE MET. JUMPSTART ADVISORS HAVE:1) CONNECTED JUMPSTART'S CLIENT AND PORTFOLIO COMPANIES WITH HUNDREDS OF RESOURCES INCLUDING SUBJECT MATTER EXPERTS, BOARD MEMBERS, MANAGEMENT TEAM MEMBERS, AND POTENTIAL CUSTOMERS.2) ENABLED JUMPSTART CLIENT AND PORTFOLIO COMPANIES T0 MEET INDIVIDUAL MILESTONES, INCLUDING: FINALIZING INTELLECTUAL PROPERTY, SECURING FOLLOW-ON CAPITAL, BUILDING INTERNAL SYSTEMS AND DEVELOPING STRATEGIC PARTNER AND CLIENT RELATIONSHIPS. 895407 OUTREACH AND EDUCATION:IS A SIGNIFICANT AND CRITICAL SEGMENT OF JUMPSTART'S OVERALL ECONOMIC REVITALIZATION PROGRAMS. THE JUMPSTART OUTREACH AND EDUCATION PROGRAM'S CONTINUOUS PRESENTATION OF NETWORKING EVENTS, SEMINARS AND PUBLISHED ARTICLES BOTH IN TRADITIONAL AND ELECTRONIC MEDIA, COMBINE TO BUILD A GREATER APPRECIATION OF THE IMPORTANCE OF ENTREPRENEURSHIP TO THE NORTHERN OHIO REGIONAL ECONOMY.THE ACTIVITIES OF OUTREACH AND EDUCATION ARE DIRECTED TO SUPPORTING NETWORKS OF INVESTORS, ADVISORS AND PROFESSIONAL SERVICE FIRMS IN ORDER TO ENCOURAGE AN INCREASE IN THE NUMBER OF SUCCESSFUL HIGH-POTENTIAL ENTREPRENEURIAL VENTURES IN NORTHERN OHIO AND THEREBY ENHANCE THE ECONOMIC REVITALIZATION OF THE REGION.THE JUMPSTART OUTREACH AND EDUCATION PROGRAM'S MEDIA AND EVENT PRESENTATIONS CONTINUALLY INFORM AND EDUCATE NORTHERN OHIO'S ENTREPRENEURS, GIVING VISIBILITY TO THE SUCCESS OF ENTREPRENEURIAL VENTURES AND PROVIDING SUPPORT TO ENABLE A THRIVING ENTREPRENEURIAL COMMUNITY. FROM 7/1/22 THROUGH 06/30/23, THE OUTREACH AND EDUCATION PROGRAM: 1) COMMUNICATED WITH MORE THAN 49,713 EMAIL SUBSCRIBERS AND MORE THAN 21,400 SOCIAL MEDIA FOLLOWERS, HIGHLIGHTING ENTREPRENEURIAL SUCCESSES AS WELL AS EVENTS FOR NETWORKING AND LEARNING.2) ACHIEVED 1,410 TOTAL MEDIA MENTIONS HIGHLIGHTING CLIENT SUCCESS STORIES AND SHARING VALUEABLE INFORMATION SO REGIONAL ENTERPRENEURS CAN ACCESS THE CAPITAL, SERVICES AND CONNECTIONS THEY NEED TO GROW. THESE STORIES REACHED AUDIENCES THROUGHOUT THE COUNTRY AND HIGHLIGHTING CLIENT SUCCESS STORIES.3) HOSTED 37 IN PERSON AND 10 VIRTUAL EVENTS EMPOWERING ENTREPRENEURS TO BUILD CRITICAL RESOURCE CONNENTIONS AND INCREASE THEIR KNOWLEDGE AND EXPERTISE IN SUBJECT MATTER NECESSARY TO STARTING AND GROWING AN EARLY-STAGE VENTURE OR SUCCESSFUL BUSINESS.TO ENHANCE THE COVERAGE OF THIS SERIES MANY OF THESE EVENTS AND CONVERSATIONS ARE RECORDED AND MADE AVAILABLE AS PODCASTS, VIDEO SPOTLIGHTS AND OTHER CONTENT. THROUGH 06/30/23THERE HAVE BEEN MORE THAN 31,170 PODCAST DOWNLOADS FROM THE JUMPSTART WEBSITE AND MORE THAN 233,900 VIDEO VIEWS ON JUMPSTART'S YOUTUBE CHANNEL. OVERALL, THERE WERE MORE THAN 136,678 UNIQUE VISITORS TO JUMPSTART WEBSITES IN FISCAL YEAR 2023. 12982312 974865 NETWORK ADVISORS & ECONOMIC INCLUSION:THIS PROGRAM IS AN ESSENTIAL COMPONENT OF THE ECONOMIC REVITALIZATION PROGRAMS THAT PROVIDES THE INITIAL CONTACT AND IMPETUS TO THE DEVELOPMENT OF SEED IDEAS. THESE INDIVIDUALS PROVIDE EDUCATION AND INFORMATION TO INDIVIDUALS CONCERNING THE DEVELOPMENT AND OPERATION OF SMALL BUSINESSES IN NORTHERN OHIO FOR THE PURPOSE OF ENCOURAGING THE INITIATION, EXPANSION, GROWTH, AND MATURATION OF BOTH NEW AND EXISTING SMALL BUSINESS WHICH CAN PROVIDE EMPLOYMENT OPPORTUNITIES AND THEREBY AID IN ALLEVIATING UNEMPLOYMENT, COMMUNITY DETERIORATION AND ECONOMIC DISTRESS IN NORTHERN OHIO AND ENHANCING THE ECONOMIC REVITALIZATION OF THE AREA. NETWORK ADVISORS COMPRISE THE PROGRAM THAT CONCENTRATES ON ASSISTING TECHNOLOGY BASED NASCENT COMPANIES AND SMALL BUSINESSES WITH GROWTH INTEREST AND POTENTIAL. JUMPSTART'S STAFF, MENTORS AND NETWORK OF ADVISORS GUIDE NORTHERN OHIO'S HIGH POTENTIAL ENTREPRENEURS, ASSISTING FOUNDERS IN CREATING AND ARTICULATING HIGH GROWTH STRATEGIC AND OPERATIONAL PLANS, ACCESSING INVESTMENT FUNDS AND MOVING THEIR BUSINESSES TOWARD KEY MILESTONES. NETWORK ADVISORS, MENTORS AND ENTREPRENEURS-IN-RESIDENCE ARE SUCCESSFUL SERIAL ENTREPRENEURS, SEASONED INVESTORS, INDUSTRY EXPERTS AND/OR FORMER CEOS, WITH SIGNIFICANT EXPERIENCE. JUMPSTART'S ADVISORS HAVE A SPECIAL FOCUS ON SUPPORTING WOMEN AND MINORITY ENTREPRENEURS WORKING IN THE HIGHEST GROWTH INDUSTRIES. THE OVERALL ADVISORY PROGRAM IS A VITAL ASPECT IN THE GOAL HELPING TO REVITALIZE THE ECONOMIC ENVIRONMENT OF NORTHERN OHIO. JUMPSTART BELIEVES THAT THE AVAILABILITY OF EXPERIENCED ENTREPRENEURS, INVESTORS, INDUSTRY LEADERS AND EXECUTIVES TO STARTUP COMPANIES IS CRITICAL TO SUCCESS. GUIDANCE OF EARLY-STAGE ENTREPRENEURIAL ENDEAVORS PROVIDES INSIGHT, KNOWLEDGE AND GENERALLY BROADENS THE VISION OF THE ENTREPRENEUR. ECONOMIC INCLUSION IS AT THE FOUNDATION AND CORE OF HOW JUMPSTART CONDUCTS BUSINESS, AS THIS GENUINE COMMITMENT ALLOWS JUMPSTART TO REALIZE THE RICH DIVERSITY OF TALENT AND PROMISE THAT EXTENDS THROUGHOUT NORTHERN OHIO. 42 PERCENT OF JUMPSTART'S BOARD OF DIRECTORS ARE WOMEN, AND 33 PERCENT ARE PEOPLE OF COLOR. MEANWHILE, 61 PERCENT OF JUMPSTART'S STAFF ARE WOMEN, WHILE NEARLY 40 PERCENT ARE PEOPLE OF COLOR.ADDITIONALLY, FROM 7/1/22 TO 6/30/23, 43 PERCENT OF THE COMPANIES SERVED BY JUMPSTART WERE BLACK OWNED/LED, 11 PERCENT WERE LATINO/HISPANIC OWNED/LED, AND 46 PERCENT WERE WOMAN OWNED/LED. WE BELIEVE IN ACCELERATING THE GROWTH OF BLACK, LATINO AND WOMEN-OWNED BUSINESSES BECAUSE IT IS A CRITICAL COMPONENT OF BUILDING AND SUSTAINING A HEALTHY ECONOMY. THESE FIRMS HOLD GREAT PROMISE FOR THE REGION, AS STATISTICALLY, MINORITY BUSINESSES TEND TO HIRE MINORITY WORKERS AT MORE THAN TWICE THE RATE OF NON-MINORITY FIRMS. THE CHALLENGE, HOWEVER, IS TO GROW THE TYPES OF BUSINESSES THAT CAN EMPLOY MUCH LARGER NUMBERS. THERE IS A CRITICAL GAP IN FUNDING AND SUPPORT FOR EARLY-STAGE, MINORITY-OWNED, HIGH POTENTIAL BUSINESSES THAT COULD BECOME LARGE COMPANIES WHICH CREATE JOBS, WEALTH AND PROSPERITY. THROUGH ECONOMIC INCLUSION INITIATIVES, JUMPSTART PROVIDES ASSISTANCE TAILORED TO THE SPECIFIC NEEDS OF THESE HISTORICALLY UNDERSERVED COMMUNITIES TO GUIDE HIGH IMPACT MINORITY AND WOMEN OWNED BUSINESSES SEEKING TO RAISE CAPITAL FROM PRIVATE INVESTORS IN ORDER TO BECOME LARGER SCALE NATIONAL AND INTERNATIONAL FIRMS. ADVISORS ALSO ASSIST TARGETED BUSINESSES SITUATED IN THE URBAN CENTERS OF NORTHERN OHIO, WHOSE BUSINESSES DIRECTLY AFFECT MINORITY POPULATIONS. BY PROVIDING INTENSIVE HANDS-ON GUIDANCE AND STRATEGIC PLANNING, THESE ADVISORS ENABLE ENTREPRENEURS TO ACCESS INVESTMENT FUNDS, AND MOVE THEIR BUSINESSES TOWARD CRITICAL MILESTONES. JUMPSTART EMBEDS ITS ECONOMIC INCLUSION PROGRAMMING ACROSS ALL OF ITS ACTIVITIES. SPECIFIC EXAMPLES INCLUDE:1) THE JUMPSTART FOCUS FUND, A $10 MILLION VENTURE CAPTIAL FUND SPECIFICALLY DEDICATED TO SUPPORTING FEMALE AND/OR MINORITY LED STARTUPS ACROSS OHIO.2) THE SMALL BUSINESS IMPACT PROGRAM, WHICH PROVIDES A DIVERSE GROUP OF TRADITIONALLY UNDERREPRESENTED SMALL BUSINESS OWNERS WITH ONE-ON-ONE BUSINESS ASSISTANCE, GRANT CAPITAL AND CONNECTIONS TO VALUABLE COMMUNITY RESOURCES.3) PITCH CYPHER, A PITCH EVENT CONNECTING EARLY-STAGE TECH FOUNDERS-OF-COLOR WITH CRITICAL RESOURCES INCLUDING CAPITAL AND HIGH IMPACT TECHNICAL SERVICES. 19382121 1 1 0 1 0 0 0 0 1 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 136 0 1 91 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH NY X X KAREN ADAME 2163633400 6701 CARNEGIE AVENUE CLEVELAND OH 44103 JEANNE COUGHLIN BOARD CHAIR 2.00 X X 0 0 0 KATE ASBECK VICE CHAIR 2.00 X X 0 0 0 THOMAS HOPKINS VICE CHAIR 2.00 X X 0 0 0 BARBARA PAYNTER VICE CHAIR 2.00 X X 0 0 0 JOSE VASQUEZ VICE CHAIR 2.00 X X 0 0 0 KARIM BOTROS DIRECTOR 0.70 X 0 0 0 ANTHONY CAMPANA DIRECTOR 0.70 X 0 0 0 CAROL CARUSO DIRECTOR 0.70 X 0 0 0 ODELL COLEMAN DIRECTOR 0.70 X 0 0 0 GERRICK DOSS DIRECTOR 0.70 X 0 0 0 ERIC FIALA DIRECTOR 0.70 X 0 0 0 LARRY FULTON DIRECTOR 0.70 X 0 0 0 LARRY GOODMAN DIRECTOR 0.70 X 0 0 0 BRIAN HALL DIRECTOR 0.70 X 0 0 0 ANN HAMILTON DIRECTOR 0.70 X 0 0 0 JEAN-CLAUDE KIHN DIRECTOR 0.70 X 0 0 0 CHERYL PEREZ DIRECTOR 0.70 X 0 0 0 JOHN PIGOTT DIRECTOR 0.70 X 0 0 0 MARK SAMOLCZYK DIRECTOR 0.70 X 0 0 0 CINDY TORRES ESSELL DIRECTOR 0.70 X 0 0 0 SHARON TOEREK DIRECTOR 0.70 X 0 0 0 DEBORAH YUE DIRECTOR 0.70 X 0 0 0 TODD GREEN DIRECTOR 0.70 X 0 0 0 KIPUM LEE DIRECTOR 0.70 X 0 0 0 MICHAEL OAKES DIRECTOR 0.70 X 0 0 0 DREW PURCELL DIRECTOR 0.70 X 0 0 0 JOHN RUDD DIRECTOR 0.70 X 0 0 0 HARPREET SALUJA DIRECTOR 0.70 X 0 0 0 BILL SEELBACH DIRECTOR 0.70 X 0 0 0 RAY T LEACH CHIEF EXECUTIVE OFFICER 63.00 2.00 X X 694496 0 47085 RICHARD E JANKURA JR INTERIM CEO EFF 9/2023 0.00 0.00 X 0 0 0 KAREN C ADAME CHIEF FINANCIAL OFFICER 47.00 X 348336 0 27851 JOHN W GRACE JR CHIEF PEOPLE & CULTURE OFF 47.00 X 221395 0 7088 TELEANGE THOMAS CHIEF OPERATING & RELATION 47.00 X 300513 0 15604 HARDIK DESAI MANAGING PTNR, INVESTING 47.00 X 266180 0 8968 JEROLD J FRANTZ PRESIDENT, JUMPSTART VENTURES 47.00 X 405935 0 29595 LORNE J NOVICK CHIEF SERVICES OFFICER 47.00 X 203954 0 17572 KEVIN MENDELSOHN SR VENTURE PARTNER 47.00 X 191590 0 6190 NADINE NANA VENTURE PARTNER 47.00 X 162390 0 22603 MATTHEW W MILLER MANAGING PTNR, PORTFOLIO 47.00 X 237235 0 23271 A LAMONT MACKLEY FORMER 0.00 X 230518 0 19567 KYLE FRANTZ FORMER 0.00 X 167224 0 5463 3429766 0 230857 23 1 1 0 ARK GROUP LLC 13842 LAKE AVE LAKEWOOD OH 44107 CONSULTING 132000 ETHAN COHEN 22425 CANTERBURY LANE SHAKER HEIGHTS OH 44122 CONSULTING 131870 WCA CI2 LLC 10670 SHERWOOD TRAIL CLEVELAND OH 44133 CONSULTING 119595 KERRY M WELLS 1131 7TH AVE N NAPLES FL 34102 CONSULTING 102275 4 X 9105465 10600354 19705819 OTHER INCOME 561000 1387201 1387201 SUPPORT SERVICE 541519 543472 517222 26250 1930673 969927 969927 3866371 3887325 -20954 -20954 -20954 22585465 1904423 26250 948973 X 962865 962865 12000 12000 2315455 1528200 625173 162082 6032075 3967369 1625520 439186 237752 204467 28530 4755 1948012 900430 867439 180143 557559 479501 66907 11151 82312 26340 55972 105858 33875 71983 222720 155902 57909 8909 3418275 3113317 165422 139536 352234 281787 70447 310584 155116 137864 17604 907153 729348 139196 38609 741981 593585 148396 111895 78326 29093 4476 320972 224680 83453 12839 78644 55051 20447 3146 SUPPORT TO COLLABORATOR 5348197 5348197 PROGRAM EXPENSES 297599 297599 BAD DEBT EXPENSE 234166 234166 AWARDS 5621 5621 24603929 19382121 4199372 1022436 2485 2435 5411512 3144202 2576087 4737856 5378101 1797679 383772 471100 1638109 964061 782414 674048 111270 133969 41898189 47552210 25812877 31740617 82356707 90254116 4889369 2962554 95415 196512 8672202 12448694 0 0 0 6164220 13656986 21771980 X 64416053 63532185 4283668 4949951 68699721 68482136 82356707 90254116 -2018464 1800879 0 X 0 1 X 1 0 X 17802637 22957506 11092908 11821753 19705819 83380623 17802637 22957506 11092908 11821753 19705819 83380623 21179044 62201579 601215 441179 573767 746498 969927 3332586 1491944 1870233 1307368 2210465 1930673 8810683 95523892 8810683 0.65120 0.58320 X FORM 990, SCHEDULE A, PART II, LINE 10 IN GENERAL "OTHER INCOME" IS COMPOSED OF PROGRAM FEES AND SPONSORSHIP FEES FOR EVENTS HELD TO SUPPORT AND PROMOTE THE MISSION OF JUMPSTART. ADDITIONALLY, THIS CATEGORY INCLUDES SUB-RENTAL INCOME AND SERVICE REVENUE FROM OTHER NON-PROFIT ORGANIZATIONS, AS JUMPSTART INC. PROVIDES INFORMATION TECHNOLOGY SERVICE TO THESE ORGANIZATIONS FOR SHARED COMPONENTS OF HARDWARE, SOFTWARE, MAINTENANCE AND LICENSING AGREEMENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11000 11000 24592929 24603929 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 69500 72000 17000 11000 169500 250000 250000 250000 250000 1000000 1500000 SCH C, PART II-A, LINE 1B TOTAL LOBBYING EXPENSES TOTAL LOBBYING EXPENSES INCLUDE $7,000 PAID TO THE NATIONAL VENTURE CAPITAL ASSOCIATION IN SUPPORT OF ADVOCACY EFFORTS FOR ENTREPRENEURSHIP AND $4,000 PAID TO STATE SCIENCE AND TECHNOLOGY INSTITUTE TO STRENGTHEN INITIATIVES THAT CREATE A BETTER FUTURE THROUGH SCIENCE, TECHNOLOGY, INNOVATION, AND ENTREPRENEURSHIP. 0 95415 101097 196512 1 X 1605709 964061 641648 32400 32400 674048 PREFERRED STOCK 42789597 F NOTES RECEIVABLE 4512513 F NR - CURRENT PORTION 250000 F NCAF 100 C 47552210 BENEFICIAL INTEREST IN THE CLEVELAND FOUNDATION 25576397 RIGHT OF USE ASSETS 6164220 31740617 LEASE LIABILITY 6164220 6164220 X PART IV, LINE 2B: DURING 2021, JUMPSTART WAS AWARDED $300,000 IN FISCAL AGENCY SUPPORT TO BE MANAGED AND DISBURSED IN FUTURE PERIODS. ADDITIONAL AWARDS WERE ISSUED IN 2023. PART X, LINE 2: THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" PRESCRIBE A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. JUMPSTART RECOGNIZES INTEREST AND PENALTIES ACCRUED, IF ANY, RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE. JUMPSTART DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 ASSETS TOLEDO 2200 JEFFERSON AVE TOLEDO OH 43604 311656341 501C3 12500 0 ECONOMIC DEVELOPMENT CENTER FOR INNOVATIVE FOOD TECHNOLOGY 5555 AIRPORT HIGHWAY TOLEDO OH 43615 341565585 501C3 10000 0 ECONOMIC DEVELOPMENT ECON & COMM DEV INST ECDI 1655 OLD LEONARD AVENUE COLUMBUS OH 43219 311145544 501C3 7500 0 ECONOMIC DEVELOPMENT HISPANIC BUSINESS CENTER 2511 CLARK AVE CLEVELAND OH 44109 341805510 501C3 250000 0 ECONOMIC DEVELOPMENT INCLUSIVE FOR WOMEN 425 JEFFERSON AVE 3RD FLOOR TOLEDO OH 43604 473035322 501C3 15000 0 ECONOMIC DEVELOPMENT NORTHWEST OHIO HISPANIC CHAMBER OF COMMERCE 10802 WATERVILLE ST WHITEHOUSE OH 43571 760838127 20000 0 BUSINESS SUPPORT TOLEDO REGIONAL CHAMBER 300 MADISON AVE STE 200 TOLEDO OH 43604 344374780 501C3 35000 0 ECONOMIC DEVELOPMENT AMAYSING KIDS 6254 TIMBERSIDE DR TOLEDO OH 43615 862720248 10000 0 BUSINESS SUPPORT GOURMET GIRL CUSTOM CAKES 2361 TRAYMORE RD UNIVERSITY HEIGHTS OH 44118 474459656 11000 0 BUSINESS SUPPORT GREATER CLEVELAND PARTNERSHIP 1240 HURON RD SUITE 300 CLEVELAND OH 44115 346528498 501C3 25000 0 ECONOMIC DEVELOPMENT ISLAY CAKES 204 WELLS COURT EUCLID OH 44132 822959529 35500 0 BUSINESS SUPPORT IT'S WRAP 7600 EXCHANGE STREET CLEVELAND OH 44120 841965777 11000 0 BUSINESS SUPPORT LARCHMERE FIRE WORKS 12406 LARCHMERE BLVD CLEVELAND OH 44120 475124752 10000 0 BUSINESS SUPPORT LAVISH ME BY ADORE LLC 38210 BAINBRIDGE ROAD SOLON OH 44139 863578374 10000 0 BUSINESS SUPPORT LIAISON MEDIA 14950 DELAWARE AVE LAKEWOOD OH 44107 852858854 27000 0 BUSINESS SUPPORT OLIVIA ROSE CONFECTIONS LLC 15705 VAN AKEN BLVD APT 9 SHAKER HEIGHTS OH 44120 455621720 25000 0 BUSINESS SUPPORT RHONDA CROWDER AND ASSOCIATES 1465 EAST 112TH ST CLEVELAND OH 44106 452443809 12500 0 BUSINESS SUPPORT TOLEDO CUSTOM APPAREL 3270 RULO ROAD TOLEDO OH 43613 872190787 10000 0 BUSINESS SUPPORT UNION MILES DEVELOPMENT CORPORATION 4127 E 131ST STE 100 CLEVELAND OH 44105 341336972 501C3 10000 0 ECONOMIC DEVELOPMENT BUSINESS SUPPORT GRANTS FOR INNER CITY BUSINESSES 12000 FORM 990, SCHEDULE I, PART III GRANTS TO INDIVIDUALS ARE MADE AS PART OF JUMPSTART INCLUSION PROGRAMS TO PROMOTE BUSINESS GROWTH AND ECONOMIC DEVELOPMENT THROUGH THE SMALL BUSINESS PROGRAM. DECISIONS ARE MADE AS DESCRIBED IN SCH I PART IV FOR THE VISIBLE VOICE PROGRAM AND SMALL BUSINESS IMPACT PROGRAM. PLEASE REFER TO THE ADDITIONAL DISCLOSURE IN THIS SECTION. FORM 990, SCHEDULE I, PART IV GRANTS TO ORGANIZATIONS ARE MADE FOR JUMPSTART INCLUSION PROGRAMS, CONSISTING OF THE SMALL BUSINESS PROGRAM. GRANTS TO INDIVIDUALS WERE FOR JUMPSTART INCLUSION ACTIVITIES FROM THE SMALL BUSINESS PROGRAM. THE SMALL BUSINESS PROGRAM HAS THREE PROCESSES TO DETERMINE AWARDEES AND AMOUNTS AWARDED. ONE PROCESS IS FOR THE BUSINESS GROWTH COLLABORATIVE WHICH IS GOVERNED BY AN ADVISORY BOARD WHO REVIEWS ORGANIZATION APPLICATION PROPOSALS FOR CLIENT SERVICES WITH THE PARTICIPATION OF JUMPSTART STAFF. THE VISIBLE VOICE PROGRAM IS A DONOR DRIVEN PROGRAM WHICH ALONG WITH JUMPSTART STAFF MAKE RECOMMENDATIONS. THE SMALL BUSINESS IMPACT PROGRAM IS MANAGED BY JUMPSTART STAFF WHO EVALUATE PROGRAM APPLICANTS TWICE A YEAR. CHOOSING COMPANIES TO PARTICIPATE IN TWO COHORT CLASSES PER YEAR WHO RECEIVE AWARDS BASED UPON JUDGES DECISIONS. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 RAY T LEACH CHIEF EXECUTIVE OFFICER 346902 0 346942 0 652 0 26939 0 20146 0 741581 0 0 0 JEROLD J FRANTZ PRESIDENT, JUMPSTART VENTURES 243496 0 161411 0 1028 0 12497 0 17098 0 435530 0 0 0 KAREN C ADAME CHIEF FINANCIAL OFFICER 207319 0 139989 0 1028 0 10769 0 17082 0 376187 0 0 0 TELEANGE THOMAS CHIEF OPERATING & RELATION 259333 0 41012 0 168 0 9128 0 6476 0 316117 0 0 0 HARDIK DESAI MANAGING PTNR, INVESTING 230657 0 35364 0 159 0 7968 0 1000 0 275148 0 0 0 MATTHEW W MILLER MANAGING PTNR, PORTFOLIO 200762 0 35364 0 1109 0 7400 0 15871 0 260506 0 0 0 A LAMONT MACKLEY FORMER 194788 0 33596 0 2134 0 7068 0 12499 0 250085 0 0 0 JOHN W GRACE JR CHIEF PEOPLE & CULTURE OFF 194583 0 26670 0 142 0 6638 0 450 0 228483 0 0 0 LORNE J NOVICK CHIEF SERVICES OFFICER 176375 0 27579 0 0 0 6293 0 11279 0 221526 0 0 0 KEVIN MENDELSOHN SR VENTURE PARTNER 173605 0 17739 0 246 0 5740 0 450 0 197780 0 0 0 NADINE NANA VENTURE PARTNER 147862 0 14310 0 218 0 5259 0 17344 0 184993 0 0 0 KYLE FRANTZ FORMER 158790 0 8295 0 139 0 5013 0 450 0 172687 0 0 0 PART I, LINE 1A THE ORGANIZATION IS A MEMBER OF THE UNION CLUB OF CLEVELAND, AS A CONVENIENCE FOR USE OF MEETING EXECUTIVES, FOUNDATION HEADS AND OTHER INFLUENTIAL PERSONS. EXPENSES PAID TO THE UNION CLUB WERE GENERALLY LIMITED TO THE MONTHLY DUES OF THE CLUB. THE FACILITY WAS USED SPARINGLY FOR LUNCHEON MEETINGS. THE MEMBERSHIP MUST BE IN THE NAME OF A PERSON AND THEREFORE THE MEMBERSHIP HAS BEEN DESIGNATED TO THE CEO RAY LEACH. SCHEDULE J, PART II, BONUS & INCENTIVE COMPENSATION IN 2022, THE ORGANIZATION PAID AMOUNTS EARNED FROM A LONG-TERM INCENTIVE PROGRAM WHICH IS INCLUDED IN THE BONUS AND INCENTIVE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 JUMPSTART'S SOLE MEMBERS ARE TEAMNEO AND CASE WESTERN RESERVE UNIVERSITY WHO MAY APPOINT ONE TRUSTEE PER EACH MEMBER TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A REFER TO RESPONSE REGARDING TEAM MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW THE FORM 990: COPIES OF THE COMPLETED FORMS ARE PROVIDED TO THE MEMBERS OF THE FINANCE AND AUDIT COMMITTEE AND A MEETING IS HELD PRIOR TO THE FILING OF THE RETURNS. THE CHIEF FINANCIAL OFFICER AND THE VICE PRESIDENT, FINANCE PRESENT THE RETURNS FOR REVIEW AND COMMENT BY THE COMMITTEE. THE AUDITORS PREPARE THE RETURN AND ARE INVITED TO THE MEETING WITH ATTENDANCE AT THEIR DISCRETION. ALL PERTINENT FORM RESPONSES AND FINANCIAL SCHEDULES ARE PRESENTED FOR COMMENT AND EXPLANATION. UPON FULL REVIEW AND APPROVAL BY THE COMMITTEE THE RETURNS ARE SHARED WITH THE FULL BOARD OF DIRECTORS AND APPROVED FOR FILING, WHICH WILL TAKE PLACE ON A TIMELY BASIS SUBSEQUENT TO THE APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY: JUMPSTART STAFF AND BOARD OF DIRECTORS FOLLOW ITS CONFLICT OF INTEREST PROCEDURE THROUGHOUT THE YEAR. AFTER AN INITIAL REVIEW BY THE CHIEF FINANCIAL OFFICER, THE FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS ALL STAFF AND BOARD CONFLICT OF INTEREST DISCLOSURE FORMS TO DETERMINE ANY THAT MAY WARRANT FURTHER INVESTIGATION OR INTERNAL CONTROL STEPS. IN THE EVENT THERE ARE ANY, THESE STEPS ARE COMMUNICATED TO THE BOARD AND STAFF SO THAT ALL ARE AWARE OF ANY POTENTIAL CONFLICTS THAT COULD ARISE DURING THE NORMAL COURSE OF BUSINESS. IF THE CONFLICT IS SUCH THAT AN INDIVIDUAL IS DEEMED TO BE TERMINALLY CONFLICTED, THEN THAT PERSON MUST RESOLVE THE CONFLICT WHICH COULD MEAN STEPS UP TO AND INCLUDING RESIGNATION FROM THE BOARD OF DIRECTORS OR EMPLOYMENT WITH JUMPSTART INC. THE MOST LIKELY SITUATION FOR AN INDIVIDUAL IS A PERCEIVED CONFLICT OF INTEREST WHICH RESULTS IN THAT INDIVIDUAL DISCLOSING THIS SITUATION DURING THE NORMAL COURSE OF BUSINESS, AND SUBSEQUENTLY RECUSING THEMSELVES FROM A VOTE OR DECISION OF THE ORGANIZATION. THE ORGANIZATION AND ITS STAFF HAS A HISTORY OF ACTIVE MONITORING OF SUCH SITUATIONS. IN THE CASE OF THE BOARD OF DIRECTORS AND ITS COMMITTEES, THE MINUTES FROM MEETINGS AND VOTING RECORDS IDENTIFY WHEN A MEMBER RECUSES THEMSELVES DUE TO PERCEIVED CONFLICTS OF INTEREST. IN THE CASE OF STAFF, IT IS COMMON FOR AN EMPLOYEE TO CONTACT THEIR SUPERVISOR AND THE CHIEF FINANCIAL OFFICER WHEN A QUESTION ARISES. THE ISSUE IS DISCUSSED AND IN MOST CASES THE CHIEF FINANCIAL OFFICER PROVIDES THE EMPLOYEE WITH AN INTERPRETATION AND INSTRUCTIONS ON HOW TO PROCEED BASED UPON THE DESCRIPTION OF THE SITUATION. THESE ACTIVITIES TAKE PLACE VIA CONVERSATIONS AS WELL AS DIGITALLY AT TIMES USING E-MAIL. IF A SITUATION IS COMPLEX OR UNCLEAR, IT IS ELEVATED TO THE FINANCE/AUDIT COMMITTEE FOR A DECISION WITH E-MAIL BEING THE USUAL VEHICLE TO DO SO. THE ORGANIZATION ALSO CONDUCTS ANNUAL TRAINING ON COMPLIANCE WITH OUR CONFLICT OF INTEREST POLICES AND EDUCATES NEW EMPLOYEES DURING ORIENTATION ON ALL INTERNAL CONTROLS RELATED TO CONFLICT OF INTEREST, ETHICS, WHISTLEBLOWERS, FRAUD PREVENTION AND ACCOUNTING POLICIES. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING COMPENSATION OF CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL: THE COMPENSATION COMMITTEE OF JUMPSTART'S BOARD OF DIRECTORS IS RESPONSIBLE FOR APPROVING THE ENTIRE ORGANIZATION'S COMPENSATION EACH YEAR. THE COMPENSATION COMMITTEE IS MADE UP OF INDEPENDENT BOARD DIRECTORS AND NO ORGANIZATION STAFF. FOR THE SENIOR STAFF OF THE ORGANIZATION, THE COMMITTEE GATHERS COMPARABLE SALARY DATA FROM SIMILAR ORGANIZATIONS AS WELL AS BUDGET INFORMATION FOR THESE. ANNUAL SALARY AND PERFORMANCE COMPENSATION SURVEY RESULTS PUBLISHED BY PROFESSIONAL STAFFING ORGANIZATIONS IS USED BY THE COMMITTEE. ADDITIONALLY, THE COMMITTEE HAS ENGAGED WITH OUTSIDE COMPENSATION CONSULTANTS PERIODICALLY TO PERFORM A COMPENSATION ANALYSIS. THE SALARY AND PERFORMANCE COMPENSATION HISTORY FOR ANY POSITION BEING EVALUATED IS ALSO SHARED WITH THE COMMITTEE SO THAT THE HISTORICAL TOTAL COMPENSATION PROGRESSION CAN BE TAKEN INTO ACCOUNT WHEN CONSIDERING ANY CHANGES GOING FORWARD. THE COMMITTEE ANALYZES ALL DATA AND MEETS WITH THE JUMPSTART CEO TO GAIN AN UNDERSTANDING OF THE ORGANIZATION'S RECOMMENDED SALARY FOR THE NEXT BUDGET YEAR BASED ON ALL FACTORS INCLUDING ACHIEVEMENT OF INDIVIDUAL AND ORGANIZATIONAL OBJECTIVES, SUPERVISORY REVIEWS AND RECOMMENDATIONS, AND ANY OTHER CIRCUMSTANCES PRESENTED. ONCE THIS IS DONE, THE COMMITTEE RETREATS AND INDEPENDENTLY RENDERS ITS RECOMMENDATION FOR COMPENSATION FOR ALL STAFF AND COMMUNICATES THAT RECOMMENDATION TO THE CEO AND INDEPENDENTLY TO THE PAYROLL DEPARTMENT OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION SHARES INFORMATION THAT FALLS WITHIN PARAMETERS AGREED UPON BY OUR FUNDERS, CLIENTS AND PORTFOLIO COMPANIES. THE MOST RECENTLY FILED FORM 990 IS POSTED ON JUMPSTART'S WEBSITE. GOVERNING DOCUMENTS AND POLICIES ARE NOT GENERALLY AVAILABLE TO THE GENERAL PUBLIC, ALTHOUGH THE OHIO SECRETARY OF STATE WEBSITE PROVIDES PUBLIC ACCESS TO JUMPSTART'S GOVERNING DOCUMENTS. PART VIII STATEMENT OF REVENUE INVESTMENT VALUATION: INVESTMENT VALUATION IS INCLUDED AS SERVICE REVENUE FOR JUMPSTART REPRESENTS THE NET REALIZED AND UNREALIZED GAINS (LOSSES) ON PREFERRED STOCK AND NOTES RECEIVABLE. JUMPSTART AS PART OF ITS NORMAL OPERATIONS, RECEIVES FUNDING WHICH IN TURN IS INVESTED IN HIGH GROWTH POTENTIAL BUSINESSES. FORM 990, PART IX, LINE 11G CONSULTANTS/STUDENTS/TEMP SERVICES: PROGRAM SERVICE EXPENSES 3,113,317. MANAGEMENT AND GENERAL EXPENSES 165,422. FUNDRAISING EXPENSES 139,536. TOTAL EXPENSES 3,418,275. 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