2020-02-13T06:06:26-06:00 2019-06-30 341818258 MEADEN & MOORE LTD 1375 EAST NINTH STREET SUITE 1800 CLEVELAND OH 441141790 990 2018-07-01 341398522 JUMPSTART INC JUMP 2163633400 6701 CARNEGIE AVENUE NO 100 CLEVELAND OH 44103 RAY T LEACH CHIEF EXECUTIVE OFFICER 2163633400 2020-02-12 1 KAREN B COONEY P00285983 2162413272 2020-02-06 40.128.80.240 2020-02-12 07:05:35 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1A58FC57F521C3829582C39E9AE0AE876610D38A 2018 2020-11-19 02:30:22Z RAY T LEACH 6701 CARNEGIE AVENUE NO 100 CLEVELAND OH 44103 23179885 0 X WWW.JUMPSTARTINC.ORG X 1983 OH JUMPSTART INC. UNLOCKS THE FULL POTENTIAL OF DIVERSE AND AMBITIOUS ENTREPRENEURS TO ECONOMICALLY 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 NORTHEAST OHIO, AN AREA WHICH HAS EXPERIENCED ECONOMIC DECLINE AND COMMUNITY DETERIORATION ("ECONOMIC REVITALIZATION PROGRAMS"). 30 29 88 360 0 0 15271573 17802637 1033787 1491944 6255795 3867999 -363242 -324834 22197913 22837746 1870350 1566021 0 0 8390889 9892136 0 0 1432123 8548700 9924485 18809939 21382642 3387974 1455104 71030252 76688561 7007402 9323975 64022850 67364586 X JUMPSTART INC. UNLOCKS THE FULL POTENTIAL OF DIVERSE AND AMBITIOUS ENTREPRENEURS TO ECONOMICALLY 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 NORTHEAST OHIO, AN AREA WHICH HAS EXPERIENCED ECONOMIC DECLINE AND COMMUNITY DETERIORATION ("ECONOMIC REVITALIZATION PROGRAMS"). 0 0 2961302 1491944 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 IN NORTHEAST OHIO JUMPSTART INC. ENCOURAGES THE CREATION OF NEW EMPLOYMENT OPPORTUNITIES IN NORTHEAST 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 NORTHEAST 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 NORTHEAST 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 2019, JUMPSTART HAS INVESTED MORE $56.3 MILLION INTO 119 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. 1121812 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 NORTHEAST 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 NORTHEAST 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 NORTHEAST OHIO'S ENTREPRENEURS, GIVING VISIBILITY TO THE SUCCESS OF ENTREPRENEURIAL VENTURES AND PROVIDING SUPPORT TO ENABLE A THRIVING ENTREPRENEURIAL COMMUNITY. FROM 7/1/18 THROUGH 06/30/19, THE OUTREACH AND EDUCATION PROGRAM: 1) COMMUNICATED WITH MORE THAN 34,000 EMAIL SUBSCRIBERS AND 24,168 SOCIAL MEDIA FOLLOWERS, HIGHLIGHTING ENTREPRENEURIAL SUCCESSES AS WELL AS EVENTS FOR NETWORKING AND LEARNING;2) OFFERED MONTHLY EVENTS ALLOWING ENTREPRENEURS TO INCREASE THEIR KNOWLEDGE AND EXPERTISE IN TOPICS IMPORTANT FOR ACCELERATING THE GROWTH OF AN EARLY-STAGE VENTURE AND GROWING A 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 06/30/19 THERE HAVE BEEN MORE THAN 16,040 PODCAST DOWNLOADS FROM THE JUMPSTART WEBSITE AND MORE THAN 69,412 VIDEO VIEWS ON JUMPSTARTS YOUTUBE CHANNEL. OVERALL, THERE WERE MORE THAN 123,000 UNIQUE VISITORS TO THE JUMPSTART WEBSITE IN FISCAL YEAR 2019. 12714781 1566021 NETWORK ADVISORS & ECONOMIC INCLUSION 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 NORTHEAST 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 NORTHEAST 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 NORTHEAST 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 NORTHEAST 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 NORTHEAST OHIO. AS OF 6/30/19, 29 PERCENT OF JUMPSTART'S BOARD OF DIRECTORS WERE WOMEN, AND 25 PERCENT WERE PEOPLE OF COLOR. MEANWHILE, 51 PERCENT OF JUMPSTART'S STAFF WERE WOMEN, WHILE MORE THAN 23 PERCENT WERE PEOPLE OF COLOR.ADDITIONALLY, FROM 7/1/18 - 6/30/19, 43 PERCENT OF THE COMPANIES SERVED BY JUMPSTART WERE OWNED/LED BY PEOPLE OF COLOR (AFRICAN AMERICAN OR LATINX) AND 49 PERCENT WERE WOMAN OWNED/LED. WE BELIEVE IN ACCELERATING THE GROWTH OF THESE MINORITY 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 THE ECONOMIC INCLUSION PROGRAM, 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 NORTHEAST OHIO, WHOSE BUSINESSES DIRECTLY AFFECT MINORITY POPULATIONS. BY PROVIDING INTENSIVE HANDS-ON GUIDANCE AND STRATEGIC PLANNING, THESE ADVISORS ENABLE THESE KEY ENTREPRENEURS TO ARTICULATE HIGH GROWTH PLANS, 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 CORE CITY: CLEVELAND PROGRAM, WHICH PROVIDES A DIVERSE GROUP OF TRADITIONALLY UNDERREPRESENTED ENTREPRENEURS AND SMALL BUSINESS OWNERS WHO LIVE OR OWN A BUSINESS IN THE CITY OF CLEVELAND AND ITS CORE NEIGHBORHOODS WITH ONE-ON-ONE BUSINESS ASSISTANCE, AS WELL AS CONNECTIONS TO VALUABLE COMMUNITY RESOURCES. 16797895 1 1 0 1 0 0 0 0 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 113 0 1 88 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 X X KAREN ADAME 2163633400 6701 CARNEGIE AVENUE CLEVELAND OH 44103 ANTHONY CAMPANA DIRECTOR 0.30 X 0 0 0 BARBARA PAYNTER DIRECTOR 0.30 X 0 0 0 BRIAN HALL DIRECTOR 0.30 X 0 0 0 CAROL CARUSO DIRECTOR 0.30 X 0 0 0 DARRELL MCNAIR DIRECTOR 0.30 X 0 0 0 DR ALBERT M GREEN DIRECTOR 0.30 X 0 0 0 DR ELLEN BURTS-COOPER VICE CHAIR 0.50 X X 0 0 0 EJ BURKE DIRECTOR 0.30 X 0 0 0 GARY S SHAMIS CHAIRMAN 0.50 X X 0 0 0 JAY GOYAL DIRECTOR 0.30 X 0 0 0 JEANNE COUGHLIN VICE CHAIR 0.50 X X 0 0 0 JJ DIGERONIMO DIRECTOR 0.30 X 0 0 0 JOSE VASQUEZ DIRECTOR 0.30 X 0 0 0 JOSEPH JANKOWSKI DIRECTOR 0.30 X 0 0 0 KARIM BOTROS DIRECTOR 0.30 X 0 0 0 KATE ASBECK DIRECTOR 0.50 X 0 0 0 KRISTEN MORRIS DIRECTOR 0.30 X 0 0 0 LARRY GOODMAN DIRECTOR 0.30 X 0 0 0 LEE NEILSEN DIRECTOR 0.50 X 0 0 0 LEONARD D YOUNG DIRECTOR 0.30 X 0 0 0 MARK J SAMOLCZYK DIRECTOR 0.30 X 0 0 0 MICHAEL REGELSKI DIRECTOR 0.30 X 0 0 0 PATRICK PASTORE VICE CHAIR 0.50 X X 0 0 0 RAY T LEACH CHIEF EXECUTIVE OFFICER 63.00 2.00 X X 464372 0 19664 SHARON TOEREK DIRECTOR 0.30 X 0 0 0 STEPHEN FRY DIRECTOR 0.30 X 0 0 0 STEVE MCHALE DIRECTOR 0.30 X 0 0 0 THOMAS HOPKINS DIRECTOR 0.30 X 0 0 0 WILLIAM L HARTMANN DIRECTOR 0.30 X 0 0 0 WILLIAM R SEELBACH CHAIR EMERITUS 0.50 X X 0 0 0 CATHERINE N BELK PRESIDENT 47.00 X 266765 0 10566 KAREN ADAME CHIEF FINANCIAL OFFICER 47.00 X 231995 0 16347 JEROLD J FRANTZ CHIEF INVESTMENT AND SERVICES OFFICER 47.00 X 246363 0 16822 JONATHON GRIMM CFO IN RESIDENCE 47.00 X 182443 0 11811 KENDRA MARIANNE GARDINER CHIEF PERFORMANCE OFFICER 47.00 X 178773 0 12652 REMSEN D HARRIS SR PARTNER, PORTFOLIO MGMT 47.00 X 199005 0 18009 ANNE RICHIE VENTURE PARTNER 47.00 X 135324 0 15606 GREGORY CARLIN VENTURE PARTNER 47.00 X 144872 0 10710 JOHN KEVIN BERNER VENTURE PARTNER 47.00 X 135390 0 15722 LAURA O'BRIEN DESMOND SR PARTNER, ADVANCEMENT 47.00 X 153378 0 13236 RICHARD E JANKURA JR SENIOR PARTNER, FINANCE 47.00 X 199603 0 5953 DEAN KOCH VENTURE PARTNER 47.00 X 140216 0 10565 ERIN HORNE MCKINNEY FORMER MANAGING PARTNER, INCLUSION 47.00 X 214852 0 12196 2893351 0 189859 25 1 1 0 ARK GROUP LLC 13840 LAKE AVE LAKEWOOD OH 44107 CONSULTING SERVICES - VENTURE VALIDATION 132000 THOMPSON HINE 3900 KEY CENTER 127 PUBLIC SQUARE CLEVELAND OH 44114 LEGAL SERVICES 117434 KMENDELSON CONSULTING LLC PO BOX 23647 CHAGRIN FALLS OH 44023 CONSULTING SERVICES - FUNDRAISING 114350 3 X 129100 9270095 8403442 17802637 SUPPORT SERVICE 541519 857730 857730 OTHER INCOME 561000 634214 634214 1491944 601215 601215 3266784 0 3266784 3266784 3266784 17305 129100 342139 -324834 -324834 22837746 1491944 0 3543165 1549521 1549521 16500 16500 1769715 1266005 336436 167274 5633143 4029794 1070901 532448 231506 201410 23151 6945 1735024 845134 664448 225442 522748 454791 52275 15682 208694 43062 165632 51930 51930 160047 90588 65162 4297 1698254 1004147 539831 154276 778246 551613 58384 168249 665043 369273 277469 18301 530277 368342 108456 53479 380643 269796 28556 82291 43819 24802 17840 1177 39431 22318 16054 1059 44795 25354 18238 1203 SUPPORT TO COLLABORATOR 5112395 5112395 PROGRAM EXPENSE 536587 536587 BAD DEBT 16463 16463 0 0 SPECIAL EVENTS EXPENSE -342139 -342139 21382642 16797895 3152624 1432123 250 250 1430323 1859384 7330039 7432667 3352108 2315543 500000 500000 160540 261899 644648 489331 50006 155317 48121 32161979 33957318 26045007 30158062 71030252 76688561 1274000 2544606 120000 0 4946402 6279369 667000 500000 7007402 9323975 X 57679070 59883933 6343780 7480653 64022850 67364586 71030252 76688561 1455104 1886632 0 X 0 1 X 1 0 X 9032955 9292447 15319741 15302351 17802637 66750131 9032955 9292447 15319741 15302351 17802637 66750131 16728104 50022027 885804 7670 83445 482576 601215 2060710 1860512 1912318 1015408 1003787 1491944 7283969 76094810 7313969 0.65740 0.69860 X 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 67000 67000 16730895 16797895 989895 247474 0 0 845102 903147 1000000 989895 3738144 5607216 18250 17750 7750 67000 110750 211276 225787 250000 247474 934537 1401806 SCH C, PART II-A, LINE 1B TOTAL LOBBYING EXPENSES TOTAL LOBBYING EXPENSES INCLUDE $60,000 PAID TO GREATER CLEVELAND PARTNERSHIP IN SUPPORT OF ADVOCACY EFFORTS FOR ENTREPRENEURSHIP AND $7,000 PAID TO STATE SCIENCE AND TECHNOLOGY INSTITUTE TO STRENGTHEN INITIATIVES THAT CREATE A BETTER FUTURE THROUGH SCIENCE, TECHNOLOGY, INNOVATION, AND ENTREPRENEURSHIP. 0 120000 120000 0 1 X 644648 489331 155317 155317 BENEFICIAL INTEREST IN THE CLEVELAND FOUNDATION 33957318 F 33957318 PREFERRED STOCK 25166974 F NOTES RECEIVABLE 3824392 F LESS RESERVE -374925 F NCAF MANAGEMENT 100 C NR - CURRENT PORTION 1541521 F 30158062 PROGRAM RELATED INVESTMENT LIABILITY 500000 500000 X PART IV, LINE 1B: JUMPSTART WAS A FISCAL AGENT IN FISCAL YEAR 2019. PART IV, LINE 2B: JUMPSTART ACCEPTED FUNDS FROM A FOUNDATION TO BE PAID TO A FOR PROFIT ENTITY. JUMPSTART IS ACTING AS AN AGENT IN THIS TRANSACTION. AMOUNT WAS PAID DURING 2019. 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. STARTUP - SCALEUP 146405 129100 17305 53207 288932 146405 129100 17305 53207 288932 342139 -324834 SCH G, PART II, LINE 10A OTHER DIRECT EXPENSES OTHER DIRECT FUNDRAISING EXPENSES INCLUDE PERSONNEL, PRODUCTION, AND MARKETING RELATED COSTS. 1 CENTERSTATE CEO FOUNDATION INC 115 W FAYETTE S SYRACUSE NY 13202 222305274 501C3 35000 ECONOMIC DEVELOPMENT SYRACUSE UNIVERSITY 900 SOUTH CROUSE AVE SYRACUSE NY 13244 150532081 501C3 26500 ECONOMIC DEVELOPMENT CENTER FOR ECONOMIC GROWTH 39 N PEARL ST ALBANY NY 12207 222880333 501C3 57000 ECONOMIC DEVELOPMENT COMMUNITY LOAN FUND OF CAPITAL 225 ORANGE ST ALBANY NY 12210 222706505 501C3 36500 ECONOMIC DEVELOPMENT EXCELSIOR GROWTH FUND 50 BEAVER ST ALBANY NY 12207 264032355 501C3 58500 ECONOMIC DEVELOPMENT URBAN LEAGUE OF ROCHESTER 265 N CLINTON AVE ROCHESTER NY 14604 160906150 501C3 105000 ECONOMIC DEVELOPMENT WESTMINSTER ECONOMIC DEVELOPMENT 436 GRANT ST BUFFALO NY 14213 204230463 501C3 25000 ECONOMIC DEVELOPMENT FOCUSING PHILANTHROPY 1637 16TH STREET SANTA MONICA CA 90404 452405071 501C3 50000 ECONOMIC DEVELOPMENT VENTURE FOR AMERICA 40 W 29 STE 301 MEW YORK NY 10001 372987904 501C3 19000 ECONOMIC DEVELOPMENT AKRON URBAN LEAGUE 440 VERNON ODOM AKRON OH 44307 340714520 501C3 130000 ECONOMIC DEVELOPMENT CINCINNATI USA REG CHAM FNDN 3 E 4 STE 200 CINCINNATI OH 45202 237089617 501C3 130000 ECONOMIC DEVELOPMENT DAYTON AREA CHAMBER EPI 22 EAST 5 STE 200 DAYTON OH 45402 311113395 501C3 125000 ECONOMIC DEVELOPMENT HISPANIC BUSINESS CENTER 2511 CLARK AVE CLEVELAND OH 44109 341805510 501C3 61000 ECONOMIC DEVELOPMENT URBAN LEAGUE OF GREATER CLEV 2930 PROSPECT CLEVELAND OH 44115 340720563 501C3 72000 ECONOMIC DEVELOPMENT ECON & COMM DEV INST ECDI 1655 LEONARD COLUMBUS OH 43219 311145544 501C3 61000 ECONOMIC DEVELOPMENT OHIO AEROSPACE INSTITUTE 22800 CEDAR RD BROOKPARK OH 44142 341621676 501C3 60671 ECONOMIC DEVELOPMENT COUNCIL OF SMALL ENTERPRISES 1240 HURON RD CLEVELAND OH 44115 340149250 501C6 61000 ECONOMIC DEVELOPMENT PRESIDENTS COUNCIL 1701 E 12 ST 106 CLEVELAND OH 44114 341943092 501C3 61000 ECONOMIC DEVELOPMENT MAKING A DIFFERENCE CONSULTING PO BOX 17442 EUCLID OH 44117 640964495 40000 YOUTH LIFE COACHING CONSULT 2 CODE LLC PO BOX 19425 CLEVELAND OH 44119 473128400 11250 BUSINESS SUPPORT OHIO MINORITY SUPPLIERS COUNCIL 100 BOARD 2460 COLUMBUS OH 43215 311022688 501C3 61000 ECONOMIC DEVELOPMENT MAGNET 1768 E 25 ST CLEVELAND OH 44114 341455043 501C3 61000 ECONOMIC DEVELOPMENT YEU PATCH LLC 220 E LINDEN AVE ENGLEWOOD NJ 07631 811100724 10000 BUSINESS SUPPORT BOUNDARY LABS LLC 30 REVERE RD MONMOUTH JUNCTION NJ 08852 830575840 10000 BUSINESS SUPPORT QUANTERRA SOFTWARE LLC 2495 DEBORAH DR BEACHWOOD OH 44122 825195791 10000 BUSINESS SUPPORT COMMUNITY DEVELOPMENT PROPERTIES BUFFALO 24 WHITEHALL ST STE 710 NEW YORK NY 10004 822704533 501C3 15000 BUSINESS SUPPORT KAREEM'S LANDSCAPING 5124 CLEMENT AVE MAPLE HEIGHTS OH 44137 10000 BUSINESS SUPPORT RUST BELT RIDERS COMPOSTING LLC 3635 PERKINS AVE UNIT 3-NW CLEVELAND OH 44114 465133072 25000 BUSINESS SUPPORT OCEANNE LLC 1280 WEST 67TH ST CLEVELAND OH 44102 833727315 10000 BUSINESS SUPPORT YELLOWCAKE SHOP 1242 W 65TH ST CLEVELAND OH 44102 270304527 25000 BUSINESS SUPPORT NEXUS AI 17 E MONROE ST STE 202 CHICAGO IL 60603 811902349 15000 BUSINESS SUPPORT EVERYKEY INC 12018 MAYFIELD RD CLEVELAND OH 44106 474119486 25000 BUSINESS SUPPORT BUSINESS SUPPORT GRANTS FOR INNER CITY BUSINESSES 18 16500 SCH I PART IV GRANTS TO ORGANIZATIONS ARE MADE FOR JUMPSTART INCLUSION PROGRAMS, CONSISTING OF $663,521 FOR THE CORE CITY PROGRAM AND $812,500 FOR THE KEY BUSINESS BOOST & BUILD IN OHIO AND NEW YORK STATES. GRANTS TO INDIVIDUALS OF $16,500 WERE FOR JUMPSTART INCLUSION FROM THE CORE CITY PROGRAM. THE CORE CITY PROGRAM HAS THREE PROCESSES TO DETERMINE AWARDEES AND AMOUNTS. ONE PROCESS IS FOR THE BUSINESS GROWTH COLLABORATIVE WHICH IS GOVERNED BY AN ADVISORY BOARD WHICH REVIEWS APPLICANT ORGANIZATION PROPOSALS FOR CLIENT SERVICES WITH THE PARTICPATION OF JUMPSTART STAFF, RECOMMENDING ORGANIZATIONS AND AWARD AMOUNTS WHICH TOTALLED $498,671. THE VISIBLE VOICE PROGRAM IS A DONOR DRIVEN PROGRAM WHICH HAS IN CONJUCTION WITH JUMPSTART STAFF RECOMMENDED CORE CITY CLIENTS FOR FUNDING TOTALLING $105,350. THE CORE CITY IMPACT PROGRAM IS MANAGED BY JUMPSTART STAFF WHO EVALUATE PROGRAM APPLICANTS TWICE A YEAR, CHOOSING COMPANIES TO PARTICPATE IN TWO COHORT CLASSES PER YEAR WHO RECEIVE AWARDS BASED UPON JUDGES DECISIONS IN DECEMBER AND JUNE WHICH TOTALLED $59,500. THE KEY BUSINESS BOOST & BUILD PROGRAM EVALUATES ORGANIZATIONS USING JUMPSTART STAFF AND REGIONAL REPRESENTATIVES IN OHIO AND UPSTATE NEW YORK, DECIDING ON AWARD AMOUNTS BASED ON THE MERITS OF WRITTEN PROPOSALS. THE MORENTHALER-PAVEY AWARDS OF $70,000 WENT TO TECHNOLOGY COMPANIES LED BY CASE WESTERN RESERVE ALUMNI. SCH I PART III GRANTS TO INDIVIDUALS ARE MADE AS PART OF JUMPSTART INCLUSION PROGRAMS TO PROMOTE BUSINESS GROWTH AND ECONOMIC DEVELOPMENT THROUGH THE CORE CITY PROGRAM. DECISIONS ARE MADE AS DESCRIBED IN SCH I PART IV FOR THE VISIBLE VOICE PROGRAM AND CORE CITY IMPACT PROGRAM. PLEASE REFER TO THE DESCRIPTIONS IN THIS SECTION. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 RAY T LEACH CHIEF EXECUTIVE OFFICER 306751 0 157235 0 386 0 8250 0 11414 0 484036 0 0 0 CATHERINE N BELK PRESIDENT 198903 0 67576 0 286 0 8053 0 2513 0 277331 0 0 0 KAREN ADAME CHIEF FINANCIAL OFFICER 170983 0 60463 0 549 0 7206 0 9141 0 248342 0 0 0 JEROLD J FRANTZ CHIEF INVESTMENT AND SERVICES OFFICE 181622 0 64019 0 722 0 7629 0 9193 0 263185 0 0 0 JONATHON GRIMM CFO IN RESIDENCE 150118 0 31778 0 547 0 5629 0 6182 0 194254 0 0 0 KENDRA MARIANNE GARDINER CHIEF PERFORMANCE OFFICER 148985 0 29656 0 132 0 5122 0 7530 0 191425 0 0 0 REMSEN D HARRIS SR PARTNER, PORTFOLIO MGMT 160175 0 38398 0 432 0 6295 0 11714 0 217014 0 0 0 ANNE RICHIE VENTURE PARTNER 134889 0 0 0 435 0 4383 0 11223 0 150930 0 0 0 GREGORY CARLIN VENTURE PARTNER 144755 0 0 0 117 0 4528 0 6182 0 155582 0 0 0 JOHN KEVIN BERNER VENTURE PARTNER 134773 0 0 0 617 0 4383 0 11339 0 151112 0 0 0 LAURA O'BRIEN DESMOND SR PARTNER, ADVANCEMENT 132677 0 20130 0 571 0 4825 0 8411 0 166614 0 0 0 RICHARD E JANKURA JR SENIOR PARTNER, FINANCE 166279 0 32622 0 702 0 5953 0 0 0 205556 0 0 0 DEAN KOCH VENTURE PARTNER 139930 0 0 0 286 0 4383 0 6182 0 150781 0 0 0 ERIN HORNE MCKINNEY FORMER MANAGING PARTNER, INCLUSION 173585 0 41155 0 112 0 6014 0 6182 0 227048 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. ELLEN BURTS-COOPER DIRECTOR 46995 HUMAN RESOURCE SERVICES PROVIDED AT CUSTOMARY ARM'S LENGTH RATES 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS: 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 SENIOR PARTNER, 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 AVAILABILITY OF OTHER DOCUMENTS: 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. FORM 990, PART VIII, LINE 7C 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. NCAF MANAGEMENT LLC 1 ST CLAIR AVE NE CLEVELAND OH 44114 205287463 INVESTMENT MANAGEMENT OH -2147 100420 0 1 1.00000 NCAF MANAGEMENT II LLC 1 ST CLAIR AVE NE CLEVELAND OH 44114 273132457 INVESTMENT MANAGEMENT OH -176718 482174 0 1 1.00000 JNF MANAGEMENT LLC 6701 CARNEGIE STE 100 CLEVELAND OH 44103 644347322 INVESTMENT MANAGEMENT OH 0 0 1.00000 NCAF MANAGEMENT III LLC 1 ST CLAIR AVE NE CLEVELAND OH 44114 475328652 INVESTMENT MANAGEMENT OH -130875 24165 0 1 1.00000 NEXT FUND LLC 6701 CARNEGIE STE 100 CLEVELAND OH 44103 273815350 INVESTMENT MANAGEMENT OH -20 84766 0 0 0.00440 NORTH COAST ANGEL FUND III LLC 1 ST CLAIR AVE NE CLEVELAND OH 44114 471678683 INVESTMENT MANAGEMENT OH 90055 0 0 0.05000 JUMPSTART NEXT FUND LLC - CUYAHOGA CTY 6701 CARNEGIE STE 100 CLEVELAND OH 44103 273815350 INVESTMENT MANAGEMENT OH -7605 1392566 0 0 0.16930 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 NCAF MANAGEMENT II LLC R 100000 CASH BASIS NCAF MANAGEMENT III LLC R 150000 CASH BASIS