2026-04-10T11:31:52-05:00 2025-06-30 341818258 MEADEN & MOORE LTD 1375 EAST NINTH STREET SUITE 1800 CLEVELAND OH 441141790 990 2024-07-01 341398522 JUMPSTART INC JUMP 2163633400 1974 EAST 66TH STREET 200 CLEVELAND OH 44103 LORNE NOVICK CEO (EFF 1/2026) 2163633400 2026-03-29 1 1 KAREN B COONEY P00285983 2162413272 2026-03-29 2024 2025-03-06 01:10:19Z LORNE NOVICK 1974 EAST 66TH STREET 200 CLEVELAND OH 44103 48022384 0 X WWW.JUMPSTARTINC.ORG X 1983 OH JUMPSTART DRIVES ECONOMIC VITALITY BY CONNECTING ENTREPRENEURS WITH ALL THEY NEED TO SUCCEED 24 23 85 129 52757 0 17313212 27950562 2407399 6033114 1343688 1826257 0 0 21064299 35809933 362779 130445 0 0 11323780 10015663 0 0 231113 16017463 25422704 27704022 35568812 -6639723 241121 86338107 89008754 26169414 27273228 60168693 61735526 X JUMPSTART INC. DRIVES ECONOMIC VITALITY BY CONNECTING ENTREPRENEURS TO THE OPPORTUNITIES AND RESOURCES THEY NEED TO SUCCEED. JUMPSTART INC. IS FOCUSED ON ENABLING COMPANIES AND FOUNDERS IN TARGETED AREAS SUCCEED SO THAT THEIR SUCCESS CAN IMPROVE THE ECONOMIC REALITY FOR ALL IN THAT REGION. 0 0 8324986 4028057 ENTREPRENEURIAL SERVICES (ESP) AND INVESTING:AS OHIO PRIORITIZES TECHNOLOGY-DRIVEN GROWTH WITHIN ITS BROADER ECONOMIC DEVELOPMENT STRATEGY, JUMPSTART INC. PLAYS A DUAL AND ESSENTIAL ROLE - PREPARING VENTURE INVESTABLE COMPANIES FOR CAPITAL AND SERVING AS A REGIONAL VENTURE INVESTOR. BY COMBINING THESE FUNCTIONS, JUMPSTART HELPS TECH COMPANIES SECURE AND DEPLOY EARLY-STAGE CAPITAL MORE EFFECTIVELY, ENABLING THEM TO SCALE, CREATE JOBS, AND STRENGTHEN THE REGION'S LONG-TERM ECONOMIC VITALITY. 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 2025, JUMPSTART HAS INVESTED $111.5M IN 185 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 TO 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 TO MEET INDIVIDUAL MILESTONES, INCLUDING FINALIZING INTELLECTUAL PROPERTY, SECURING FOLLOW-ON CAPITAL, BUILDING INTERNAL SYSTEMS, AND DEVELOPING STRATEGIC PARTNER AND CLIENT RELATIONSHIPS. 1486605 1952300 OUTREACH AND EDUCATION:OUTREACH AND EDUCATION ARE SIGNIFICANT AND CRITICAL SEGMENTS 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 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. THROUGH THESE EFFORTS, JUMPSTART SEEKS TO BUILD AWARENESS OF SERVICES TO COMPANIES THAT NEED AND QUALIFY FOR SUPPORT.JUMPSTART'S MEDIA OUTREACH AND EVENTS CONTINUALLY INFORM AND EDUCATE OHIO'S ENTREPRENEURS, GIVING VISIBILITY TO THE SUCCESS OF ENTREPRENEURIAL VENTURES AND PROVIDING SUPPORT TO ENABLE A THRIVING ENTREPRENEURIAL COMMUNITY. FROM 7/1/24 THROUGH 06/30/25, JUMPSTART: 1) COMMUNICATED WITH MORE THAN 41,759 EMAIL SUBSCRIBERS AND MORE THAN 31,400 SOCIAL MEDIA FOLLOWERS, HIGHLIGHTING ENTREPRENEURIAL SUCCESSES AS WELL AS EVENTS FOR NETWORKING AND LEARNING.2) ACHIEVED 553 TOTAL MEDIA MENTIONS HIGHLIGHTING CLIENT SUCCESS STORIES AND SHARING VALUABLE INFORMATION SO REGIONAL ENTERPRENEURS CAN ACCESS THE CAPITAL, SERVICES, AND CONNECTIONS THEY NEED TO GROW. THESE STORIES REACHED AUDIENCES THROUGHOUT THE COUNTRY AND HIGHLIGHTED CLIENT SUCCESS STORIES.3) HOSTED 22 IN-PERSON AND 18 VIRTUAL EVENTS EMPOWERING ENTREPRENEURS TO BUILD CRITICAL RESOURCE CONNECTIONS AND INCREASE THEIR KNOWLEDGE AND EXPERTISE IN SUBJECT MATTERS 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 06/30/25, THERE HAVE BEEN MORE THAN 59,600 PODCAST DOWNLOADS FROM JUMPSTART CHANNELS AND MORE THAN 184,000 VIDEO VIEWS ON JUMPSTART'S YOUTUBE CHANNEL. OVERALL, THERE WERE MORE THAN 139,700 UNIQUE VISITORS TO JUMPSTART WEBSITES IN FISCAL YEAR 2025. 19920502 130445 NETWORK ADVISORS & ECONOMIC DEVELOPMENT:COMPONENTS OF THE ECONOMIC REVITALIZATION PROGRAMS PROVIDE 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 TO ENCOURAGE THE INITIATION, EXPANSION, GROWTH, AND MATURATION OF BOTH NEW AND EXISTING SMALL BUSINESSES, 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. AS A NON-PROFIT ADVISING STARTUPS COMPANIES IN MANY SECTORS ON CRITICAL ISSUES, THE USE OF THIS NETWORK OF SUBJECT MATTER EXPERTS ENABLES JUMPSTART TO PROVIDE HIGH QUALITY GUIDANCE TO EARLY-STAGE COMPANIES THAT WOULD NOT BE ABLE TO ACCESS THIS LEVEL OF SERVICE. THIS ADVICE ENABLES THE COMPANIES TO INCREASE THEIR LIKELIHOOD OF SUCCESS IN THE REGION.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 OF 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. THE GUIDANCE OF EARLY-STAGE ENTREPRENEURIAL ENDEAVORS PROVIDES INSIGHT AND 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. 32 PERCENT OF JUMPSTART'S BOARD OF DIRECTORS ARE WOMEN, AND 12 PERCENT ARE PEOPLE OF COLOR. MEANWHILE, 66 PERCENT OF JUMPSTART'S STAFF ARE WOMEN, WHILE NEARLY 29.82 PERCENT ARE PEOPLE OF COLOR.ADDITIONALLY, FROM 7/1/24 TO 6/30/25, 61.6 PERCENT OF THE COMPANIES SERVED BY JUMPSTART WERE OWNED/LED BY PEOPLE OF COLOR (BLACK 41 PERCENT OR LATINO/HISPANIC 13.6 PERCENT) AND 55.3 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 THAT 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 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 CAPITAL FUND SPECIFICALLY DEDICATED TO SUPPORTING FEMALE AND/OR MINORITY LED STARTUPS ACROSS OHIO.2) THE SMALL BUSINESS IMPACT PROGRAM PROVIDES A DIVERSE GROUP OF TRADITIONALLY UNDERREPRESENTED SMALL BUSINESS OWNERS WITH ONE-ON-ONE BUSINESS ASSISTANCE, GRANT CAPITAL, AND CONNECTIONS TO VALUABLE COMMUNITY RESOURCES. 29732093 1 1 0 1 0 0 0 0 1 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 346 0 1 85 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X KATHY HEFLIN 2163633400 1974 EAST 66TH STREET SUITE 200 CLEVELAND OH 44103 JULIE JACONO CEO 40.00 15.00 X X 421283 68243 11185 CINDY TORRES ESSELL CHAIR 2.00 X X 0 0 0 JEANNE COUGHLIN DIRECTOR 1.00 X 0 0 0 ANTHONGY CAMPANA DIRECTOR 1.00 X 0 0 0 KATE ASBECK VICE CHAIR, TREASURER 2.00 X X 0 0 0 BRIAN HALL DIRECTOR 1.00 X 0 0 0 KARIM BOTROS DIRECTOR 1.00 X 136000 0 0 LARRY FULTON VICE CHAIR 1.00 X 0 0 0 CHERYL PEREZ DIRECTOR 1.00 X 0 0 0 DEBORAH YUE DIRECTOR 1.00 X 0 0 0 JEAN-CLAUDE KIHN DIRECTOR 1.00 X 0 0 0 BILL SEELBACH DIRECTOR 1.00 X 0 0 0 TODD GREEN DIRECTOR 1.00 X 0 0 0 DREW PURCELL VICE CHAIR 2.00 X X 0 0 0 KIPUM LEE VICE CHAIR 2.00 X X 0 0 0 ANGEL RODRIGUEZ DIRECTOR 1.00 X 0 0 0 STEVE FENING DIRECTOR 1.00 X 0 0 0 KARAN JOLLY DIRECTOR 1.00 X 0 0 0 ANNE GRAFFICE DIRECTOR 1.00 X 0 0 0 DEAN UHER DIRECTOR 1.00 X 0 0 0 PAUL WELLENER DIRECTOR 1.00 X 0 0 0 MARCO GRGUREVIC DIRECTOR 1.00 X 0 0 0 JOE GLICK DIRECTOR 1.00 X 0 0 0 JOE RICH DIRECTOR 1.00 X 0 0 0 LORNE J NOVICK CHIEF SERVICES OFFICER 40.00 X 305840 0 24670 JOHN WILLIAM GRACE JR CHIEF WORKFORCE OFFICER 40.00 X 294793 0 9108 COREY O JAMES CHIEF EQUITY OUTREACH & INITIATIVE 40.00 X 199385 0 16516 KALEIGH GALLAGHER VP, TECH SERVICES AND NETWORK MANAGEMENT 40.00 X 188925 0 10429 NAKIA L HUBBARD SVP, MARKETING & COMMUNICATIONS 40.00 X 186705 0 6335 ERIC AMANFOH VP, FINANCE 40.00 X 183187 0 6306 KIMALON ARNETTA DIXON VP OF STRATEGIC PARTNERSHIPS 40.00 X 162807 0 14443 DANIELLE M MORRIS SR. DIRECTOR, REVENUE & COMPLIANCE MANAGEMENT 40.00 X 159462 0 14248 ALISON KING DIRECTOR, BURTON D. MORGAN MENTORING 40.00 X 150543 0 10389 FEOWYN A MACKINNON SR. DIRECTOR, STRATEGIC BUSINESS INITIATIVES 40.00 X 144922 0 13231 MICHELE HICKS SR. DIRECTOR OF HUMAN RESOURCES 40.00 X 126079 0 20969 CAMILLE GENISE HEARD DIRECTOR, HIGH GROWTH SERVICES 40.00 X 136714 0 8086 TELEANGE' THOMAS FORMER COO 40.00 X 432965 0 10815 JEROLD J FRANTZ FORMER PRESIDENT JS VENTURES 40.00 X 215473 0 24123 HARDIK DESAI JSE MANAGING PARTNER 40.00 20.00 X 193857 345000 9774 VICKI MCDONALD FORMER DIRECTOR OF COMMUNICATIONS 40.00 X 103772 0 3113 MATTHEW WILLIAM MILLER FORMER SR. VENTURE PARTNER 40.00 X 146066 0 13831 3888778 413243 227571 28 1 1 0 BIG KITTY LABS 2749 TUCKER TRAIL LEWIS CENTER OH 43035 CONSULTING 249802 VOCON PARTNERS LLC 3142 PROSPECT AVENUE EAST CLEVELAND OH 44115 CONSULTING 136918 HAVANNAH LLC 6511 ACRES DR INDEPENDENCE OH 44131 CONSULTING 136000 3 19639990 8310572 27950562 SUPPORT SERVICE 541519 4080814 4028057 52757 OTHER INCOME 561000 1952300 1952300 6033114 784607 784607 13254101 12212451 1041650 1041650 1041650 35809933 5980357 52757 1826257 X 130445 130445 1849045 1090937 739618 18490 5861333 3466532 2317857 76944 225649 196315 29334 1577837 622859 924106 30872 501799 436565 65234 34260 10963 23297 72809 23299 49510 154341 108036 40131 6174 11696971 11225811 391184 79976 86408 69126 17282 424628 307111 115513 2004 1702213 1540764 154346 7103 2404258 1923406 480852 428546 317124 111422 463754 334628 120576 8550 81198 60087 21111 SUPPORT TO COLLABORATOR 7049700 7049700 PROGRAM EXPENSES 562113 562113 AWARDS/GIFTS 181220 175987 4233 1000 BAD DEBT EXPENSE 80285 80285 35568812 29732093 5605606 231113 1811302 2060278 157330 1427239 4106693 6351691 3851978 4482643 266045 214688 4728623 1760695 496070 2967928 240 0 49155473 54816127 26492976 16688160 86338107 89008754 3983792 5623134 0 1613611 113212 0 16216710 14136512 5855700 5899971 26169414 27273228 X 57837132 59932267 2331561 1803259 60168693 61735526 86338107 89008754 241121 1325712 0 X 0 1 X 1 1 1 X 11092908 11821753 19705819 17313212 27919312 87853004 11092908 11821753 19705819 17313212 27919312 87853004 16781191 71071813 573767 746498 969927 1209959 784607 4284758 1307368 2210465 1930673 2407399 6033114 13889019 106026781 10595780 0.67030 0.63830 X FORM 990, SCHEDULE A, PART VI WHILE JUMPSTART HAS SIGNIFICANT ASSETS, THEY ARE IN THE FORM OF EQUITY HELD IN START-UP COMPANIES IN OHIO. THEY ARE NEITHER LIQUID NOR TRADABLE. INVESTING IN EARLY-STAGE COMPANIES IS A KEY PART OF JUMPSTART'S MISSION, AND IT IS HOPED THAT THESE ASSETS WILL LIQUIDATE WITHIN 15 YEARS, ALLOWING THE CASH TO BE REINVESTED IN NEW COMPANIES. REVENUE: MANY GRANTS THAT JUMPSTART RECEIVES ARE ON A REIMBURSEMENT BASIS FOR SERVICES RENDERED BY VENDORS AND NEED TO BE MATCHED. MUCH OF THIS REVENUE IS PAID TO VENDORS, CONSULTANTS, AND CONTRACTORS WHO PROVIDE SPECIALIZED SERVICES ALIGNED WITH OUR MISSION AT MARKET RATES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 209524 209524 35359288 35568812 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 17000 11000 181699 209524 419223 250000 250000 250000 250000 1000000 1500000 SCH C, PART II-A, LINE 1B TOTAL LOBBYING EXPENSES TOTAL LOBBYING EXPENSES INCLUDE $60,000 PAID TO THE CREDO COMPANY WHO PROVIDES ADVOCACY SERVICES IN THE STATE OF OHIO AND ONE FULL-TIME STAFF POSITION TO INFLUENCE AND LEVERAGE EXTERNAL COALITIONS AND PARTNERSHIPS WHILE ENSURING COHESIVE AND SYNERGISTIC ADVOCACY AGENDAS. 0 113212 113212 0 1 X 2666432 139950 2526482 2062191 1620745 441446 2967928 PREFERRED STOCK 48679425 F NOTES RECEIVABLE 6136602 F NCAF 100 C 54816127 BENEFICIAL INTEREST IN THE CLEVELAND FOUNDATION 10788189 RIGHT OF USE ASSETS 5899971 16688160 LEASE LIABILITY 5899971 5899971 X PART IV, LINE 2B: DURING 2021, JUMPSTART WAS AWARDED FISCAL AGENCY SUPPORT TO BE MANAGED AND DISBURSED IN ACCORDANCE WITH THE AGREEMENT. THE TOTAL AMOUNT HAS BEEN DISBURSED AT JUNE 30, 2025. 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 NORTHEAST OHIO HISPANIC CHAMBER OF COMMERCE 2511 CLARK AVE CLEVELAND OH 44109 341805510 501 C 3 130000 0 BUSINESS SUPPORT 1 6 1 X X X X X 1 0 0 0 0 0 0 0 0 HARDIK DESAI JSE MANAGING PARTNER 150316 345000 43541 0 0 0 9774 0 0 0 203631 345000 0 0 JULIE JACONO CEO 354579 68243 66704 0 0 0 11185 0 0 0 432468 68243 0 0 TELEANGE' THOMAS FORMER COO 381507 0 51458 0 0 0 6908 0 3907 0 443780 0 0 0 LORNE J NOVICK CHIEF SERVICES OFFICER 268075 0 37765 0 0 0 9539 0 15131 0 330510 0 0 0 JOHN WILLIAM GRACE JR CHIEF WORKFORCE OFFICER 270918 0 23875 0 0 0 8844 0 264 0 303901 0 0 0 JEROLD J FRANTZ FORMER PRESIDENT JS VENTURES 215473 0 0 0 0 0 6005 0 18118 0 239596 0 0 0 COREY O JAMES CHIEF EQUITY OUTREACH & INITIATIVE 178035 0 21350 0 0 0 6080 0 10436 0 215901 0 0 0 KALEIGH GALLAGHER VP, TECH SERVICES AND NETWORK MANAGE 168505 0 20420 0 0 0 5672 0 4757 0 199354 0 0 0 NAKIA L HUBBARD SVP, MARKETING & COMMUNICATIONS 173727 0 12978 0 0 0 5619 0 716 0 193040 0 0 0 ERIC AMANFOH VP, FINANCE 163961 0 19226 0 0 0 5610 0 696 0 189493 0 0 0 KIMALON ARNETTA DIXON VP OF STRATEGIC PARTNERSHIPS 151760 0 11047 0 0 0 5023 0 9420 0 177250 0 0 0 DANIELLE M MORRIS SR. DIRECTOR, REVENUE & COMPLIANCE M 148101 0 11361 0 0 0 4919 0 9329 0 173710 0 0 0 ALISON KING DIRECTOR, BURTON D. MORGAN MENTORING 139921 0 10622 0 0 0 4599 0 5790 0 160932 0 0 0 MATTHEW WILLIAM MILLER FORMER SR. VENTURE PARTNER 146066 0 0 0 0 0 3856 0 9975 0 159897 0 0 0 FEOWYN A MACKINNON SR. DIRECTOR, STRATEGIC BUSINESS INI 134621 0 10301 0 0 0 4460 0 8771 0 158153 0 0 0 VICKI MCDONALD FORMER DIRECTOR OF COMMUNICATIONS 103772 0 0 0 0 0 3113 0 0 0 106885 0 0 0 PART I, LINE 4A JEROLD J FRANTZ RECEIVED SEVERANCE IN THE AMOUNT OF $136,269 WHICH WAS PAID DURING THE CALENDAR YEAR 2024. TELEANGE' THOMAS RECEIVED SEVERANCE IN THE AMOUNT OF $93,740 WHICH WAS PAID DURING THE CALENDAR YEAR 2024. MATTHEW MILLER RECEIVED SEVERANCE IN THE AMOUNT OF $55,427 WHICH WAS PAID DURING THE CALENDAR YEAR 2024. FORM 990, SCHEDULE J, PART II SUBSEQUENT TO THE FISCAL YEAR END JUNE 30, 2025, JULIE JACONO RESIGNED AS CEO OF JUMPSTART. LORNE NOVICK WAS IMMEDIATELY APPOINTED INTERIM CEO AND IN JANUARY 2026, LORNE WAS CONFIRMED AS THE PERMANENT CEO OF JUMPSTART. FORM 990, SCHEDULE J, PART II HARDIK DESAI WAS THE FORMER SR MANAGING PARTNER OF JUMPSTART VENTURES. AT JULY 2024, HARDIK BECAME THE MANAGING PARTNER OF JUMPSTART ENTERPRISES. KARIM BOTROS KARIM IS THE OWNER OF HAVANNAH, LLC 136000 CONSULTING SERVICES PROVIDED TO JUMPSTART 0 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 BEFORE THE FILING OF THE RETURNS. THE CHIEF FINANCIAL OFFICER PRESENTS 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 THE 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. SUPPOSE THE CONFLICT IS SUCH THAT AN INDIVIDUAL IS DEEMED TO BE TERMINALLY CONFLICTED. IN THAT CASE, 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 HAVE 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 THE 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 INTERPRETATION AND INSTRUCTIONS ON HOW TO PROCEED BASED ON 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: JUMPSTART'S CEO AND HUMAN RESOURCES DEPARTMENT, WITH SUPPORT OF THE LINE OF BUSINESS LEADERS, ARE RESPONSIBLE FOR APPROVING THE ENTIRE ORGANIZATION'S COMPENSATION EACH YEAR. FOR THE SENIOR STAFF OF THE ORGANIZATION, INCLUDING THE CEO, JUMPSTART UTILIZES AN OUTSIDE COMPENSATION CONSULTANT PERIODICALLY TO PERFORM A COMPENSATION ANALYSIS. IT GATHERS COMPARABLE SALARY DATA FROM SIMILAR ORGANIZATIONS ACROSS PEER GROUP INDUSTRIES. THE SALARY AND PERFORMANCE COMPENSATION HISTORY FOR ANY NEW KEY LEADERSHIP POSITION BEING EVALUATED IS ALSO SHARED WITH THE CEO SO THAT THE HISTORICAL TOTAL COMPENSATION PROGRESSION CAN BE TAKEN INTO ACCOUNT WHEN CONSIDERING ANY CHANGES FORWARD IN THE FUTURE. THE EXECUTIVE COMMITTEE ANALYZES ALL BUDGETED COMPENSATION 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. ANNUALLY, THE BOARD RETREATS AND INDEPENDENTLY RENDERS ITS RECOMMENDATION FOR COMPENSATION FOR JUMPSTART'S CEO BASED ON THE CEO'S PERFORMANCE AND CONDUCT, 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 PUBLIC, ALTHOUGH THE OHIO SECRETARY OF THE STATE WEBSITE PROVIDES PUBLIC ACCESS TO JUMPSTART'S GOVERNING DOCUMENTS. FORM 990, PART IX, LINE 11G CONSULTANTS/STUDENTS/TEMP SERVICES: PROGRAM SERVICE EXPENSES 11,225,811. MANAGEMENT AND GENERAL EXPENSES 391,184. FUNDRAISING EXPENSES 79,976. TOTAL EXPENSES 11,696,971. 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