2025-11-11T15:10:36-06:00 2024-12-31 363168081 SIKICH LLC 4020 KINROSS LAKES PARKWAY SUITE 300 RICHFIELD OH 44286 990 2024-01-01 823351373 BOUNCE INNOVATION HUB BOUN 3307857403 526 S MAIN ST 609E AKRON OH 44311 JESSICA SUBLETT CEO 3307857403 2025-11-11 1 0 BRIDGETTE MUGGE P00671418 3308646661 2025-11-11 2024 2025-03-06 01:10:19Z JESSICA SUBLETT 526 S MAIN ST 609E AKRON OH 44311 4078120 0 X BOUNCEHUB.ORG X 2017 OH PROVIDE SERVICES AND PROGRAMS TO ANYONE WITH A MIND FOR INNOVATION TO MAKE THEIR VISIONS A REALITY. 8 8 26 10 0 0 3169674 2956443 1063517 1017406 3598 21365 -162231 46617 4074558 4041831 18000 1500 0 0 2412246 2440682 0 0 247909 1223701 1254411 3653947 3696593 420611 345238 2283894 2733487 894729 1006170 1389165 1727317 X BOUNCE CATALYZES ENTREPRENEURSHIP AND INNOVATION BY PROVIDING CONNECTIONS, RESOURCES AND EXPERTISE TO BUILD A VIBRANT COMMUNITY FOR ALL. BOUNCE PROVIDES SERVICES AND TECHNICAL ASSISTANCE TO EARLY STAGE AND SMALL BUSINESSES. 0 0 1656716 125003 ENTREPRENEURIAL SERVICE PROVIDER (ESP) PROGRAM:BOUNCE'S ESP PROGRAM OFFERS AFFORDABLE OFFICE, LAB, AND LIGHT MANUFACTURING SPACE COUPLED WITH EXPERT BUSINESS COUNSELING AND ADVISING, MENTORING SERVICES, AND NETWORKING OPPORTUNITIES. THE ESP PROGRAM ALSO PROVIDES ADVISING, TECHNICAL ASSISTANCE, COACHING, AND NETWORKING OPPORTUNITIES TO EARLY STAGE SOFTWARE COMPANIES IN ORDER TO ASSIST THEM IN DEVELOPING AND LAUNCHING THEIR FIRST MINIMUM VIABLE PRODUCT. IN 2024, THE ESP PROGRAM AT BOUNCE SERVED 74 CLIENTS. 996136 952403 PLACE AT BOUNCE:BOUNCE INNOVATION HUB IS A COMMUNITY-FACING DESTINATION THAT INCLUDES PUBLIC COWORKING SPACE, PRIVATE OFFICES, RESERVED DESKS, CONFERENCE ROOMS, EVENT AND CLASSROOM SPACE, BUSINESS INCUBATION SPACE INCLUDING LABS, OFFICES, AND LIGHT MANUFACTURING SPACE, AND THE GROUND FLOOR CAF. IN 2024, OVER 14,000 PEOPLE VISITED THE BOUNCE FACILITY FOR EVENTS, NETWORKING, PROGRAMMING, AND MEETINGS WITH RESIDENT COMPANIES. AT THE END OF THE YEAR, 70% OF THE INCUBATOR SPACE WAS OCCUPIED, HOUSING 37 TENANTS. THE COWORKING SPACE HOUSED 28 MEMBERS, WITH NEARLY 400 DAY PASSES SOLD. BOUNCE'S PLACE STRATEGY IS DESIGNED TO BRING TOGETHER ENTREPRENEURS, SMALL BUSINESSES, CORPORATIONS, UNIVERSITIES, AND THE BROADER COMMUNITY TO FOSTER COLLABORATION AND FACILITATE MEANINGFUL CONNECTIONS THAT CATALYZE ECONOMIC DEVELOPMENT. 165130 OTHER ENTREPRENEURIAL PROGRAMMING & ECOSYSTEM WORK:IN ADDITION TO THE ESP PROGRAM, BOUNCE PROVIDES A VARIETY OF OTHER ENTPRENEURIAL SUPPORT PROGRAMS INCLUDING OUR BEYOND STARTUP WORKSHOP SERIES. BEYOND STARTUP OFFERS BI-WEEKLY ACCESSIBLE WORKSHOPS THAT ARE OPEN TO THE COMMUNITY. IN 2024, BOUNCE PARTNERED WITH THE CITY OF AKRON, AKRON URBAN LEAGUE, AND WESTERN RESERVE COMMUNITY FUND TO LAUNCH THE SMALL BUSINESS INITIATIVE (SBI). UNDER SBI, BOUNCE PROVIDED FREE PROFESSIONAL SERVICES TO ENTREPRENEURS LOCATED IN QUALIFIED CENSUS TRACTS IN THE CITY OF AKRON. FURTHER, BOUNCE LEADS THE GREATER AKRON ENTREPRENEURIAL ECOSYSTEM (SPARK AKRON) UNDER THE REGION'S SHARED ECONOMIC DEVELOPMENT STRATEGY "ELEVATE GREATER AKRON". SPARK CONVENES TWO DOZEN ENTREPRENEURIAL SUPPORT ORGANIZATIONS IN GREATER AKRON WHO WORK TOGETHER TO STRENGTHEN THE COLLECTIVE SUPPORT INFRASTRUCTURE FOR THE REGION'S ENTREPRENEURS. 71381 1500 GROW:BOUNCE'S GROW PROGRAM SERVES SMALL BUSINESSES THROUGH COHORT TRAINING CLASSES, ONE-ON-ONE BUSINESS COUNSELING, AND NETWORKING OPPORTUNITIES. THE GROW PROGRAM IS FOCUSED ON SERVING MINORITY ENTREPRENEURS AND PEOPLE OF COLOR, PARTICULARLY THOSE WHO ARE HISTORICALLY UNDERREPRESENTED AS BUSINESS OWNERS. 71381 1500 2889363 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 28 0 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X JESSICA SUBLETT 3307857403 526 S MAIN ST 609E AKRON OH 44311 HANS DORFI CHAIR 4.00 X X 0 0 0 MARY TAYLOR TREASURER 3.00 X X 0 0 0 LAURA BENNETT BOARD MEMBER 3.00 X 0 0 0 RJ NEMER BOARD MEMBER 3.00 X 0 0 0 BILLY TAYLOR BOARD MEMBER 3.00 X 0 0 0 DOUG WEINTRAUB BOARD MEMBER 3.00 X 0 0 0 VICKI TIFFT BOARD MEMBER 3.00 X 0 0 0 BRADLEY HELFMAN ASSISTANT SECRETARY 3.00 X 0 0 0 JESSICA SUBLETT CEO 40.00 X 240000 0 7625 SUSAN BERG HERMAN CAO 40.00 X 135000 0 6375 JENNIFER KELSCH CFO 20.00 X 83750 0 2094 458750 0 16094 2 0 1 0 WAVE STRATEGY 6001 EUCLID AVE CLEVELAND OH 44103 ESP PROGRAM 200000 PROJECT MEDTECH CONSULTING 1468 W 9TH ST SUITE 100 CLEVELAND OH 44113 ESP PROGRAM 199999 STAMBAUGH CONSULTING 310 TERRA VERDE AVE COLUMBIANA OH 44408 ESP PROGRAM 120000 3 66327 2007359 882757 9110 2956443 INCUBATOR AND ESP PROG 532000 1017406 1017406 1017406 21365 21365 19774 66327 36289 -16515 -16515 CONSULTING 900099 60000 60000 MISCELLANEOUS 900099 3132 3132 63132 4041831 1077406 0 7982 1500 1500 474845 180363 203805 90677 706027 541247 127104 37676 9656 9656 1159413 1044078 16522 98813 90741 68553 13416 8772 11084 1736 8830 518 84486 17236 63527 3723 25274 2327 22947 20909 20909 6713 60 6653 14397 14397 110861 110861 BUILDING OPERATIONS 823976 808516 7730 7730 MISCELLANEOUS 59516 31638 27878 PROGRAM EXPENSE 57195 57195 IMPAIRMENT RESERVE 40000 40000 3696593 2889363 559321 247909 493035 479926 51336 167725 871749 658505 24078 116240 4835 5693 1942173 936298 492252 1005875 346609 299523 2283894 2733487 456444 377801 8699 13512 399817 324729 29769 290128 894729 1006170 X 1004940 1658667 384225 68650 1389165 1727317 2283894 2733487 345238 -7086 0 X X 1 X 0 1 0 X 2135494 2188276 2108580 3169674 2947333 12549357 56000 56000 56000 56000 56000 280000 2191494 2244276 2164580 3225674 3003333 12829357 1914336 10915021 3 6331 3598 21365 31297 700 2200 8636 28067 63132 102735 12963389 4887942 0.84200 0.86860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 700. 2021 AMOUNT: $ 2,200. 2022 AMOUNT: $ 8,636. 2023 AMOUNT: $ 28,067. 2024 AMOUNT: $ 63,132. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 426411 173496 252915 1505762 762802 742960 10000 10000 1005875 BIT FACTORY INVESTMENTS 299523 C 299523 SECURITY DEPOSITS 30614 REFUNDABLE ADVANCE 259514 290128 X PART X, LINE 2: BOUNCE INNOVATION HUB AND THE BIT FACTORY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE CURRENT PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED PROVISIONS FOR FEDERAL AND STATE INCOME TAXES. BOUNCE INNOVATION HUB AND THE BIT FACTORY ARE NOT CLASSIFIED AS PRIVATE FOUNDATIONS. THE ORGANIZATION FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY TO COVER UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S RETURNS FOR TAX YEARS 2021 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. START UP SHOWCASE 66269 57217 9052 10638 11322 PERFECT PAIRINGS 19832 9110 10722 14329 86101 66327 19774 10638 25651 36289 -16515 X X 0 0 0 0 0 0 0 1 0 JESSICA SUBLETT CEO 195000 0 45000 0 0 0 4875 0 2750 0 247625 0 0 0 PART I, LINE 7 CEO AND COO RECEIVED DISCRETIONARY PERFORMANCE BONUSES THAT WERE DETERMINED BASED ON OVERALL PERFORMANCE OF ORGANIZATION AND WERE DETERMINED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY STAFF, THEN PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL VIA EMAIL VOTE. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY ALL BOARD MEMBERS AND SENIOR STAFF. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE BOARD OF DIRECTORS, AS A GROUP, IDENTIFIES THE APPROPRIATE COMPENSATION LEVEL FOR THE CEO BASED ON TYPICAL INDUSTRY COMPENSATION LEVELS FOR SIMILAR ORGANIZATIONS COMPARED TO THE EXPERIENCE LEVEL AND JOB DESCRIPTION. LINE 15B: THE CHIEF EXECUTIVE OFFICER AND THE CHIEF OPERATING OFFICER JOINTLY DETERMINE THE COMPENSATION LEVELS FOR ALL OTHER EMPLOYEES BY COMPARING THE TYPICAL INDUSTRY COMPENSATION LEVELS FOR THE RESPECTIVE POSITIONS WITHIN SIMILAR ORGANIZATIONS TO BOUNCE COMPARED TO THE EXPERIENCE LEVELS AND JOB DESCRIPTIONS OF EACH EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART IV, LINE 12A AND FORM 990, PART XII, LINE 2B: THE BOARD HAS REVIEWED AND APPROVED THE INTERNAL CONTROLS THAT ARE IN PLACE. BIT FACTORY LLC 526 S MAIN ST STE 511 AKRON OH 44311 825086858 SINGLE MEMBER LLC OH -7086 299523 BOUNCE INNOVATION HUB