2025-05-15T13:16:29-05:00 2024-06-30 341818258 MEADEN & MOORE LTD 1375 EAST NINTH STREET SUITE 1800 CLEVELAND OH 441141790 990 2023-07-01 341398522 JUMPSTART INC JUMP 2163633400 1974 EAST 66TH STREET 200 CLEVELAND OH 44103 JULIE JACONO CHIEF EXECUTIVE OFFICER 2163633400 2025-05-14 1 0 KAREN B COONEY P00285983 2162413272 2025-05-14 2023 2025-03-06 01:10:19Z X JULIE JACONO 1974 EAST 66TH STREET 200 CLEVELAND OH 44103 28577293 0 X WWW.JUMPSTARTINC.ORG X 1983 OH DRIVE ECONOMIC VITALITY BY CONNECTING ENTREPRENUERS WITH ALL THEY NEED TO SUCCEED. 23 22 91 130 67374 0 19705819 17313212 1930673 2407399 948973 1343688 0 0 22585465 21064299 974865 362779 0 0 11090853 11323780 0 0 1016827 12538211 16017463 24603929 27704022 -2018464 -6639723 90254116 86338107 21771980 26169414 68482136 60168693 X TO DRIVE ECONOMIC VITALITY BY CONNECTING ENTREPRENUERS TO THE OPPORTUNITIES AND RESOURCES THEY NEED TO SUCCEED. 0 0 6066260 999086 ENTREPRENEURIAL SERVICES (ESP) AND INVESTING:AS THE STATE OF OHIO DESIRES TECHNOLOGY COMPANY GROWTH AS PART OF ITS ECONOMIC DEVELOPMENT PLAN, JUMPSTART INC PERFORMS BOTH THE FUNCTION TO PREPARE VENTURE INVESTABLE COMPANIES FOR CAPITAL, AND FUNCTIONS AS A REGIONAL VENTURE INVESTOR. THROUGH THE COMBINATION OF BOTH FUNCTIONS, TECH COMPANIES CAN ESTABLISH AND ACHIEVE EARLY STAGE CAPTIAL SO THAT THEIR IMPACT TO THE REGION WILL CONTRIBUTE TO THE ALLEVIATION OF ECONOMIC DECLINE.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 2024, JUMPSTART HAS INVESTED $107.2M IN 183 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 ARE 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. 1083261 1340939 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 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 7/1/23 THROUGH 06/30/24, JUMPSTART: 1) COMMUNICATED WITH MORE THAN 55,700 EMAIL SUBSCRIBERS AND MORE THAN 35,500 SOCIAL MEDIA FOLLOWERS, HIGHLIGHTING ENTREPRENEURIAL SUCCESSES AS WELL AS EVENTS FOR NETWORKING AND LEARNING.2) ACHIEVED 675 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 HIGHLIGHTING CLIENT SUCCESS STORIES.3) HOSTED 15 IN-PERSON AND 18 VIRTUAL EVENTS EMPOWERING ENTREPRENEURS TO BUILD CRITICAL RESOURCE CONNECTIONS IN PERSON AND 18 VIRTUAL EVENTS EMPOWERING ENTREPRENEURS TO BUILD CRITICAL RESOURCE CONNECTIONS 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 06/30/24, THERE HAVE BEEN MORE THAN 37,200 PODCAST DOWNLOADS FROM JUMPSTART CHANNELS AND MORE THAN 36,000 VIDEO VIEWS ON JUMPSTART'S YOUTUBE CHANNEL. OVERALL, THERE WERE MORE THAN 88,700 UNIQUE VISITORS TO JUMPSTART WEBSITES IN FISCAL YEAR 2024. 14515693 362779 NETWORK ADVISORS & ECONOMIC DEVELOPMENT:AS A NONPROFIT ORGANIZATION SUPPORTING STARTUP COMPANIES ACROSS A RANGE OF SECTORS ON CRITICAL BUSINESS CHALLENGES, JUMPSTART LEVERAGES A NETWORK OF SUBJECT MATTER EXPERTS TO DELIVER HIGH-QUALITY GUIDANCE TO EARLY-STAGE VENTURES THAT MAY NOT OTHERWISE HAVE ACCESS TO THIS LEVEL OF SUPPORT. THIS TARGETED ASSISTANCE SIGNIFICANTLY ENHANCES THE LIKELIHOOD OF SUCCESS FOR PARTICIPATING COMPANIES ACROSS THE REGION. THIS PROGRAM SERVES AS A STRATEGIC COMPONENT OF BROADER ECONOMIC REVITALIZATION EFFORTS. BY FACILITATING INITIAL CONNECTIONS AND PROVIDING EARLY MOMENTUM, IT PLAYS A PIVOTAL ROLE IN ADVANCING THE DEVELOPMENT OF HIGH-POTENTIAL BUSINESSES AND FOSTERING REGIONAL ECONOMIC GROWTH.THIS NETWORK OF INDIVIDUALS PROVIDES 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. 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. 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. JUMPSTART BELIEVES IN ACCELERATING THE GROWTH OF REGIONAL STARTUPS AND SMALL BUSINESSES BECAUSE IT IS A CRITICAL COMPONENT OF BUILDING AND SUSTAINING A HEALTHY ECONOMY. THESE FIRMS HOLD GREAT PROMISE FOR THE REGION SO JUMPSTART IS FOCUSED ON GROWING THE BUSINESSES THAT CAN EMPLOY MUCH LARGER NUMBERS. THERE IS A CRITICAL GAP IN FUNDING AND SUPPORT FOR EARLY-STAGE, ECONOMICALLY DISADVANTAGED, HIGH-POTENTIAL BUSINESSES THAT COULD BECOME LARGE COMPANIES THAT CREATE JOBS, WEALTH, AND PROSPERITY. THROUGH ECONOMIC INITIATIVES, JUMPSTART PROVIDES ASSISTANCE TAILORED TO THE SPECIFIC NEEDS OF THESE HISTORICALLY UNDERSERVED COMMUNITIES TO GUIDE HIGH-IMPACT 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. 21665214 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 0 0 0 0 0 0 0 0 1 1 0 0 0 1 452 0 1 91 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X ERIC AMANFOH 2163633400 1974 EAST 66TH STREET SUITE 200 CLEVELAND OH 44103 JEANNE COUGHLIN BOARD CHAIR 2.00 X X 0 0 0 KATE ASBECK VICE CHAIR. TREASURER 2.00 X X 0 0 0 CINDY TORRES ESSELL 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 1.00 X 0 0 0 ANTHONY CAMPANA DIRECTOR 1.00 X 0 0 0 CAROL CARUSO DIRECTOR 1.00 X 0 0 0 GERRICK DOSS DIRECTOR 1.00 X 0 0 0 LARRY FULTON DIRECTOR 1.00 X 0 0 0 BRIAN HALL DIRECTOR 1.00 X 0 0 0 JEAN-CLAUDE KIHN DIRECTOR 1.00 X 0 0 0 CHERYL PEREZ DIRECTOR 1.00 X 0 0 0 MARK SAMOLCZYK DIRECTOR 1.00 X 0 0 0 SHARON TOEREK DIRECTOR 1.00 X 0 0 0 DEBORAH YUE DIRECTOR 1.00 X 0 0 0 TODD GREEN DIRECTOR 1.00 X 0 0 0 KIPUM LEE DIRECTOR 1.00 X 0 0 0 DREW PURCELL DIRECTOR 1.00 X 0 0 0 BILL SEELBACH DIRECTOR 1.00 X 0 0 0 JOHN W GRACE JR CHIEF PEOPLE, CULTURE, FACILITIES 40.00 X 222005 0 6867 TELEANGE THOMAS CHIEF OPERATING & RELATION 40.00 X 336724 0 12547 JULIE JACONO CHIEF EXECUTIVE OFFICER 0.00 X 150000 0 0 HARDIK DESAI MANAGING PTNR, NEXT FUND 40.00 X 288800 0 8867 LORNE J NOVICK CHIEF SERVICES OFFICER 40.00 X 243526 0 14222 ERIC AMANFOH VP, FINANCE 40.00 X 184215 0 6410 KALIEGH GALLAGHER VP, TECH SVC, NETWORK 40.00 X 179309 0 7785 NAKIA HUBBARD SR VP, MARKETING & COMMUNICATIONS 40.00 X 160880 0 15990 DANIELLE MORRIS SR DIR, REV & COMPLIANCE 40.00 X 154539 0 6673 RAY T LEACH FORMER, CEO 40.00 X 751788 0 25669 KAREN C ADAME FORMER, CFO 40.00 X 285894 0 14709 JEROLD J FRANTZ FORMER, PRESIDENT JS VENTURE 40.00 X 319208 0 17749 KEVIN MENDELSOHN FORMER, SR VENTURE 40.00 X 210555 0 6305 NADINE NANA FORMER, VENTURE PARTNER 40.00 X 168480 0 16079 A LAMONT MACKLEY FORMER. CHIEF INCLUSION 40.00 X 137863 0 7194 MATTHEW W MILLER FORMER, MANAGING PARTNER 40.00 X 239962 0 15295 ROY EUGENE HODGE FORMER, ENTREPRENUER IN RESIDENCE 40.00 X 151662 0 11343 4185410 0 193704 32 1 1 0 ETHAN COHEN 22425 CANTERBURY LANE SHAKER HEIGHTS OH 44122 CONSULTING 129379 ARK GROUP LLC 13842 LAKE AVE LAKEWOOD OH 44107 CONSULTING 118800 WCA CI2 LLC 10670 SHERWOOD TRAIL CLEVELAND OH 44133 CONSULTING 104552 3 10632484 6680728 17313212 OTHER INCOME 561000 1340939 1340939 SUPPORT SERVICE 541519 1066460 999086 67374 2407399 1209959 1209959 7646723 7512994 133729 133729 133729 21064299 2340025 67374 1343688 X 362779 362779 1916158 1188018 594009 134131 6833932 4196867 2146763 490302 261670 222420 31400 7850 1671449 559410 918297 193742 640571 544485 76869 19217 40660 13011 27649 118714 37988 80726 177546 124280 46164 7102 4657352 4314743 241758 100851 452283 361826 90457 494929 377371 117088 470 1173083 957671 178641 36771 1368184 1094547 273637 131063 91744 34076 5243 337130 235991 87654 13485 81583 57108 21212 3263 SUPPORT TO COLLABORATOR 5509059 5509059 AWARDS 1326118 1266137 55581 4400 PROGRAM EXPENSES 156759 156759 BAD DEBT RECOVERY -7000 -7000 27704022 21665214 5021981 1016827 3053065 1811302 93572 157330 4737856 4106693 1797679 3851978 471100 266045 1797261 1301191 674048 496070 133969 240 47552210 49155473 31740617 26492976 90254116 86338107 2962554 3983792 196512 113212 12448694 16216710 6164220 5855700 21771980 26169414 X 63532185 57837132 4949951 2331561 68482136 60168693 90254116 86338107 -6639723 -1673720 0 X 0 1 X 1 0 X 22957506 11092908 11821753 19705819 17313212 82891198 22957506 11092908 11821753 19705819 17313212 82891198 21259053 61632145 441179 573767 746498 969927 1209959 3941330 1870233 1307368 2210465 1930673 2407399 9726138 96558666 8385199 0.63830 0.65120 X FORM 990, SECTION A, PART II ASSETS: WHILE JUMPSTART HAS SIGNIFICANT ASSETS THEY ARE IN THE FORM OF EQUITY HELD IN START UP COMPANIES IN OHIO. THEY ARE NOT LIQUID NOR TRADABLE. THE ACT OF INVESTING IN EARLY STAGE COMPANIES IS A KEY PART OF THE MISSION OF JUMPSTART AND IT IS THE HOPE THAT THESE ASSETS DO LIQUIDATE WITHIN 15 YEARS SO THAT THE CASH CAN BE RE-INVESTED INTO NEW COMPANIES. REVENUE: MANY OF THE GRANTS THAT JUMPSTART RECEIVES ARE MADE ON A REIMBURSEMENT BASIS FOR SERVICES THAT ARE RENDERED BY VENDORS. MUCH OF THIS REVENUE COMES INTO JUMPSTART AND IS PAID TO VENDORS, CONSULTANTS, AND CONTRACTORS THAT PERFORM SPECIALIZED SERVICES ALIGNED TO THE PURSUIT OF JUMPSTART'S MISSION AT DISCOUNTED RATES. IN FISCAL YEAR 2024, JUMPSTART EXPERIENCED DEFICIT SPENDING AGAINST OPERATIONAL EXPENSES DRIVEN BY THE INABILITY TO SECURE SUFFICIENT PHILANTHROPIC FUNDING AND UNRESTRICTED SUPPORT TO COVER THE COST OF THE TOTAL OPERATION. AT THE END OF THE CALENDAR YEAR 2023, JUMPSTART HIRED A NEW CEO THAT WAS CHARGED TO CRAFT A NEW STRATEGY AND OPERATIONAL CONSTRUCT THAT WOULD SUPPORT THE ORGANIZATION'S SUSTAINABILITY. THE NEW STRATEGY REQUIRED SIGNIFICANT REORGANIZATION TO POSITION JUMPSTART FOR FUTURE VIABILITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 181699 181699 27522323 27704022 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 72000 17000 11000 181699 281699 250000 250000 250000 250000 1000000 1500000 SCH C, PART II-A, LINE 1B TOTAL LOBBYING EXPENSES TOTAL LOBBYING EXPENSES INCLUDE $35,000 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 196512 83300 113212 1 X 1655519 1301191 354328 141742 141742 496070 PREFERRED STOCK 43561974 F NOTES RECEIVABLE 5593399 F NCAF 100 C 49155473 BENEFICIAL INTEREST IN THE CLEVELAND FOUNDATION 20637276 RIGHT OF USE ASSETS 5855700 26492976 LEASE LIABILITY 5855700 5855700 X PART IV, LINE 2B: DURING 2021, JUMPSTART WAS AWARDED $300,000 IN FISCAL AGENCY SUPPORT TO BE MANAGED AND DISBURSED IN FUTURE. ADDITIONAL FUNDS WERE AWARDED IN 2023. THE BALANCE REPRESENTS AMOUNTS NOT DISTRIBUTED BY YEAR END. 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 AUXILIUM HEALTH INC 11815 KLINGER AVE NE ALLIANCE OH 44601 921153188 16000 0 BUSINESS SUPPORT BK BEAUTY SUPPLY LLC 1435 HOUSEL AVE SE CANTON OH 44707 882625913 11000 0 BUSINESS SUPPORT CAFILIA LLC 13428 MADISON AVE UP LAKEWOOD OH 44107 844713182 10000 0 BUSINESS SUPPORT COVERMECUTEE LLC 7026 SOM CENTER ROAD SOLON OH 44139 843023651 31500 0 BUSINESS SUPPORT CROCHET KITTY 12100 SNOW ROAD UNIT 1 PARMA OH 44130 812210816 6000 0 BUSINESS SUPPORT DISRUPTIVE DIGITAL SERVICES LLC 25637 BROOKDALE LN EUCLID OH 44117 923750464 5240 0 BUSINESS SUPPORT JET STREAM MOBILE 5230 REGENCY DRIVE 1 TOLEDO OH 43615 844731153 10000 0 BUSINESS SUPPORT LDP PARTNERS LLC PO BOX 230464 TIGARD OR 97281 863867784 25000 0 BUSINESS SUPPORT MEDTECH SOLUTIONS LLC 9106 BLECKMAN AVE CLEVELAND OH 44104 455611468 25000 0 BUSINESS SUPPORT MEMORIES BY BEE 1715 MAYNARD AVE CLEVELAND OH 44109 831826692 11000 0 BUSINESS SUPPORT READY SET COFFEE 7306 DETRIOT AVE SUITE 101 CLEVELAND OH 44102 834621022 38500 0 BUSINESS SUPPORT REBUILDERS XCHANGE 5401 HAMILTON AVE CLEVELAND OH 44114 811074837 6000 0 BUSINESS SUPPORT SERVE-U 585 MCWILLIAMS ROAD SE ATLANTA GA 30315 831121845 9500 0 BUSINESS SUPPORT THE FILTER FACTORY INC 7400 BESSEMER AVE CLEVELAND OH 44127 341264517 28500 0 BUSINESS SUPPORT UNBAR CAFE INC 3254 VAN AKEN BLVD SHAKER HEIGHTS OH 44120 834007366 21000 0 BUSINESS SUPPORT WASHINGTON WELLNESS INSTITUTE LLC 780 E 185TH STREET CLEVELAND OH 44119 842311311 6000 0 BUSINESS SUPPORT FORM 990, SCHEDULE I, PART IV GRANTS ARE AWARDED TO THOSE PARTICIPATING IN JUMPSTART'S SMALL BUSINESS PROGRAM WHO MEET GRANT QUALIFICATIONS. THE SMALL BUSINESS PROGRAM HAS TWO PROCESSES TO DETERMINE AWARDEES AND AMOUNTS AWARDED. THE VISIBLE VOICE PROGRAM IS A DONOR DRIVEN PROGRAM WHICH, ALONG WITH JUMPSTART STAFF, MAKES RECOMMENDATIONS FOR AWARDS. THE SMALL BUSINESS IMPACT PROGRAM IS MANAGED BY JUMPSTART STAFF WHO EVALUATE PROGRAM APPLICANTS TWICE A YEAR FOR PARTICIPATION IN TWO COHORT CLASSES WHO RECEIVE AWARDS BASED UPON JUDGES' EVALUATION OF PROGRAM-END PRESENTATIONS. X 0 1 X X X X X 1 0 0 0 0 0 0 0 0 RAY T LEACH FORMER, CEO 381102 0 370144 0 542 0 18277 0 7392 0 777457 0 0 0 TELEANGE THOMAS CHIEF OPERATING & RELATION 270973 0 65583 0 168 0 10219 0 2328 0 349271 0 0 0 JEROLD J FRANTZ FORMER, PRESIDENT JS VENTURE 254535 0 63565 0 1108 0 9904 0 7845 0 336957 0 0 0 KAREN C ADAME FORMER, CFO 233716 0 51069 0 1109 0 7324 0 7385 0 300603 0 0 0 HARDIK DESAI MANAGING PTNR, NEXT FUND 233139 0 55493 0 168 0 8647 0 220 0 297667 0 0 0 LORNE J NOVICK CHIEF SERVICES OFFICER 195079 0 48195 0 252 0 7510 0 6712 0 257748 0 0 0 MATTHEW W MILLER FORMER, MANAGING PARTNER 206368 0 31460 0 2134 0 7450 0 7845 0 255257 0 0 0 JOHN W GRACE JR CHIEF PEOPLE, CULTURE, FACILITIES 191425 0 30429 0 151 0 6656 0 211 0 228872 0 0 0 KEVIN MENDELSOHN FORMER, SR VENTURE 183543 0 26626 0 386 0 6305 0 0 0 216860 0 0 0 ERIC AMANFOH VP, FINANCE 159487 0 24504 0 224 0 5630 0 780 0 190625 0 0 0 KALIEGH GALLAGHER VP, TECH SVC, NETWORK 159645 0 19519 0 145 0 5497 0 2288 0 187094 0 0 0 NADINE NANA FORMER, VENTURE PARTNER 155710 0 12521 0 249 0 5437 0 10642 0 184559 0 0 0 NAKIA HUBBARD SR VP, MARKETING & COMMUNICATIONS 153218 0 7416 0 246 0 5164 0 10826 0 176870 0 0 0 ROY EUGENE HODGE FORMER, ENTREPRENUER IN RESIDENCE 144509 0 6549 0 604 0 4730 0 6613 0 163005 0 0 0 DANIELLE MORRIS SR DIR, REV & COMPLIANCE 147595 0 6618 0 326 0 4565 0 2108 0 161212 0 0 0 A LAMONT MACKLEY FORMER. CHIEF INCLUSION 105517 0 30616 0 1730 0 3272 0 3922 0 145057 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 FORMER CEO, RAY LEACH, AND WAS NOT RENEWED AFTER DECEMBER 31, 2023. PART I, LINE 4A JEROLD J FRANTZ RECEIVED SEVERANCE IN THE AMOUNT OF $127,269 WHICH WILL BE PAID SUBSEQUENT TO THE FISCAL YEAR 2024. FORM 990, SCHEDULE J, PART II, COLUMN B(II) IN 2023, JUMPSTART PAID AMOUNTS EARNED FROM A LONG-TERM INCENTIVE PROGRAM WHICH IS INCLUDED IN BONUS AND 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 BEFORE THE FILING OF THE RETURNS. THE CHIEF FINANCIAL OFFICER AND 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 PRIOR TO FILING. 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 EXECUTIVE 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 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 JUMPSTART'S 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 OF INDEPENDENT BOARD DIRECTORS AND NO ORGANIZATION STAFF. FOR THE SENIOR ORGANIZATION STAFF, 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 ARE 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 FORWARD IN THE FUTURE. 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 JUMPSTART'S 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 THE STATE WEBSITE PROVIDES PUBLIC ACCESS TO JUMPSTART'S GOVERNING DOCUMENTS. FORM 990, PART IX, LINE 11G CONSULTANTS/STUDENTS/TEMP SERVICES: PROGRAM SERVICE EXPENSES 4,314,743. MANAGEMENT AND GENERAL EXPENSES 241,758. FUNDRAISING EXPENSES 100,851. TOTAL EXPENSES 4,657,352. 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