2018-02-12T10:25:12-06:00 2017-06-30 341818258 Meaden & Moore Ltd 1375 East Ninth Street Suite 1800 Cleveland OH 441141790 990 2016-07-01 341398522 JumpStart Inc JUMP 2163633400 6701 Carnegie Avenue No 100 Cleveland OH 44103 Ray T Leach Chief Executive Officer 2163633400 2018-01-31 1 Karen B Cooney P00285983 2162413272 2018-01-31 40.128.80.240 2018-01-31 17:47:48 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 12081E54CED25786584E7B88E9EE3543B85A2A5C 2016 2021-01-29 14:40:06Z Ray T Leach 6701 Carnegie Avenue No 100 Cleveland OH 44103 52762545 0 X www.jumpstartinc.org X 1983 OH TO ACCELERATE THE PROGRESS OF HIGH POTENTIAL STARTUPS AND SMALL BUSINESSES, IMPROVING THEIR ABILITY TO RAISE CAPITAL AND/OR ACHEIVE KEY MILESTONES, RESULTING IN JOB CREATION & ECONOMIC GROWTH IN THE COMMUNITIES WHERE THEY ARE LOCATED. 28 27 83 120 0 -35095 9236591 15319741 1912318 1015408 838676 23629189 -113780 -8426 11873805 39955912 0 0 0 0 5784816 6303998 0 0 375768 8117224 8758947 13902040 15062945 -2028235 24892967 40150485 68913851 3187615 8510234 36962870 60403617 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 2704304 1015408 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 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 2017, JUMPSTART HAS INVESTED MORE THAN $40 MILLION INTO NEARLY 100 PORTFOLIO COMPANIES WHOSE BUSINESS ACTIVITIES WERE DETERMINED TO BE CONSISTENT WITH THE GOALS OF THE ECONOMIC REVITALIZATION PROGRAM. THESE COMPANIES HAVE GONE ON TO RAISE MORE THAN $854,000 IN TOTAL FUNDING AND GENERATE MORE THAN $847,000 IN REVENUE.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 AND 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. 781346 0 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 INCEPTION THROUGH 06/30/17, THE OUTREACH AND EDUCATION PROGRAM HAS: 1) COMMUNICATED WITH MORE THAN 67,700 EMAIL SUBSCRIBERS AND 17,909 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 BUSINESSTO 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 06/30/17 THERE HAVE BEEN MORE THAN 13,000 PODCAST DOWNLOADS FROM THE JUMPSTART WEBSITE AND MORE THAN 50,000 VIDEO VIEWS ON JUMPSTARTS YOUTUBE CHANNEL. OVERALL, THERE WERE MORE THAN 124,000 UNIQUE VISITORS TO THE JUMPSTART WEBSITE IN FISCAL YEAR 2017. 8487406 0 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 6/30/17, WOMEN AND/OR MINORITY LEADERS MADE UP MORE THAN 53 PERCENT OF JUMPSTART'S BOARD OF DIRECTORS, WHILE WOMEN AND/OR MINORITY EMPLOYEES MADE UP MORE THAN 62 PERCENT OF JUMPSTART'S STAFF. ADDITIONALLY, FROM 1/16/16 6/30/17, MORE THAN 48 PERCENT OF THE COMPANIES SERVED BY JUMPSTART WERE MINORITY OWNED/LED AND MORE THAN 40 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 THIS 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. 11973056 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 122 0 1 83 1 1 1 0 0 0 0 0 0 0 0 0 X 28 27 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 William R Seelbach Chairman 0.50 X X 0 0 0 Anthony Campana DIRECTOR 0.30 X 0 0 0 Dr Ellen Burts-Cooper DIRECTOR 0.30 X 0 0 0 Carol Caruso DIRECTOR 0.30 X 0 0 0 JJ DiGeronimo DIRECTOR 0.30 X 0 0 0 Stephen Fry DIRECTOR 0.30 X 0 0 0 Patrick Pastore Vice Chair 0.50 X X 0 0 0 Barbara Paynter DIRECTOR 0.30 X 0 0 0 Mark J Samolczyk DIRECTOR 0.30 X 0 0 0 Dr Rachel Talton DIRECTOR 0.30 X 0 0 0 Gary S Shamis TREASURER 0.30 X X 0 0 0 Sharon Toerek DIRECTOR 0.30 X 0 0 0 Jose Vasquez DIRECTOR 0.30 X 0 0 0 Kendra Gardiner DIRECTOR 0.30 X 0 0 0 Dr Albert M Green DIRECTOR 0.30 X 0 0 0 Larry Goddard DIRECTOR 0.30 X 0 0 0 William L Hartmann Vice Chair 0.50 X X 0 0 0 Thomas Hopkins DIRECTOR 0.30 X 0 0 0 Leonard D Young DIRECTOR 0.30 X 0 0 0 Joseph Jankowski DIRECTOR 0.30 X 0 0 0 Renita Jefferson DIRECTOR 0.30 X 0 0 0 Dr Harold Jones DIRECTOR 0.30 X 0 0 0 Ray T Leach Chief Executive Officer 63.00 2.00 X X 487210 0 17462 Darrell McNair DIRECTOR 0.30 X 0 0 0 Dr Frank Papay DIRECTOR 0.30 X 0 0 0 Jeanne Coughlin DIRECTOR 0.30 X 0 0 0 Larry Goodman DIRECTOR 0.30 X 0 0 0 Jay Goyal DIRECTOR 0.30 X 0 0 0 Catherine N Belk President 47.00 X 205000 0 7231 Karen Adame MANAGING PARTNER, OPS. 47.00 X 172875 0 12799 Jerold J Frantz Sr Man Ptnr, Ent Svcs and Invst 47.00 X 199874 0 10014 Remsen D Harris Sr Partner, Investing 47.00 X 155832 0 14204 Michael Jeans Sr Ptnr/ Pres, Growth Opps 1.00 47.00 X 163180 0 14554 Pantelis Lee Poseidon Venture Partner 47.00 X 157317 0 8562 Jeffrey P Clawson Chief Credit Officer 47.00 X 121762 0 10416 Amy Martin Partner, Marketing 47.00 X 140434 0 6476 William A Nemeth Partner, Mentoring 47.00 X 123502 0 8981 Kara Carter Partner, Advancement 47.00 X 135890 0 6921 Hrishue Mahalaha Former Sr Ptnr, Solutions Delivery 47.00 X 153693 0 10254 Caroline Taich Former Sr Ptnr, Solutions Dev 47.00 X 123400 0 16111 2339969 0 143985 22 1 1 0 ARK Group LLC 31 Astor Place Rocky River OH 44116 Network Support 126043 Calfee Halter & Griswold LLP 1405 East 6th St Cleveland OH 44114 Legal Services 114000 Gerson Lehrman Group Inc 60 East 42nd St 3rd Floor New York NY 10165 Custom research services for investment 110000 3 X 6650 8184633 7128458 15319741 Other Income 561000 503564 503564 Presentation/Marketing Events 900099 421109 421109 Support Service 541519 90735 90735 1015408 83445 83445 36343951 12798207 23545744 23545744 23545744 0 6650 8426 -8426 -8426 39955912 1015408 0 23620763 1426563 1148810 227616 50137 3644478 2934894 581496 128088 165966 157667 6639 1660 665818 436242 190432 39144 401173 381114 16047 4012 116956 37230 79726 57500 57500 671811 365271 184729 121811 177949 162089 9709 6151 393782 203429 182577 7776 373957 300121 63745 10091 119525 85569 27106 6850 123987 107490 16497 37426 37426 17450 17450 Support to Collaborator 4439359 4415290 24069 Program Expense 1343370 351965 991357 48 NCAF, JNF 885875 885875 15062945 11973056 2714121 375768 250 250 2505692 36237197 3488566 7864999 1468558 2168363 131054 194171 455164 424954 67637 30210 32488728 22418661 40150485 68913851 1929953 755543 43750 227500 450000 5624653 538412 1961205 41750 125083 3187615 8510234 X 35922943 54235282 1039927 6168335 36962870 60403617 40150485 68913851 X 24892967 -1452220 0 X X 0 1 X 1 0 X 15328645 7894123 9032955 9292447 15319741 56867911 15328645 7894123 9032955 9292447 15319741 56867911 5193568 51674343 226477 315926 885804 7670 83445 1519322 186211 960571 1855415 1912318 1015408 5929923 64317156 5935020 0.80340 0.86620 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 0 17750 17750 15045195 15062945 903147 225787 0 0 660698 783120 845102 903147 3192067 4788101 10000 27750 18250 17750 73750 165175 195780 211276 225787 798018 1197027 0 227500 227500 0 1 X 455164 424954 30210 30210 Preferred Stock 19788346 F Notes Receivable 3005140 F Less Reserve -374925 F NCAF Management 100 C 22418661 Program related investment liability 125083 125083 X Part IV, Line 1b: JUMPSTART WAS A FISCAL AGENT IN FISCAL YEAR 2016, THE BALANCE HAS BEEN DISTRIBUTED IN FULL DURING FISCAL YEAR 2017 AS DESCRIBED IN RESPONSE TO SCHEDULE D, PART IV, LINE 2B. Part IV, Line 2b: JumpStart accepted funds through an agreement with the City of Alliance to be distributed to other parties in conjunction with specified guidelines. JumpStart is acting as an agent in this transaction which was distributed in full during the fiscal year ended June 2017. 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. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 Ray T Leach Chief Executive Officer 288149 0 198675 0 386 0 5941 0 11521 0 504672 0 0 0 Catherine N Belk President 190498 0 14250 0 252 0 6163 0 1068 0 212231 0 0 0 Karen Adame MANAGING PARTNER, OPS. 163989 0 8500 0 386 0 5387 0 7412 0 185674 0 0 0 Jerold J Frantz Sr Man Ptnr, Ent Svcs and Invst 177552 0 21600 0 722 0 6082 0 3932 0 209888 0 0 0 Remsen D Harris Sr Partner, Investing 143382 0 12112 0 338 0 4934 0 9270 0 170036 0 0 0 Michael Jeans Sr Ptnr/ Pres, Growth Opps 154869 0 8150 0 161 0 5165 0 9389 0 177734 0 0 0 Pantelis Lee Poseidon Venture Partner 143197 0 13196 0 924 0 4795 0 3767 0 165879 0 0 0 Hrishue Mahalaha Former Sr Ptnr, Solutions Delivery 153567 0 0 0 126 0 4765 0 5489 0 163947 0 0 0 Caroline Taich Former Sr Ptnr, Solutions Dev 123278 0 0 0 122 0 4052 0 12059 0 139511 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. 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 MANAGING PARTNER, OPERATIONS AND PARTNER, FINANCE OPERATIONS 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 MANAGING PARTNER, OPERATIONS, 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 MANAGING PARTNER, OPERATIONS WHEN A QUESTION ARISES. THE ISSUE IS DISCUSSED AND IN MOST CASES THE MANAGING PARTNER, OPERATIONS 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. Form 990, Part XII, Line 2c: The Finance Committee is responsible for the oversight of the financial statement audit which includes review and discussion with the auditor. The Finance Committee presents the audit to the Board for approval. 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