2017-02-14T08:55:58-06:00 2016-06-30 341818258 Meaden & Moore Ltd 1100 Superior Avenue Suite 1100 Cleveland OH 441142523 990 2015-07-01 341398522 JumpStart Inc JUMP 2163633400 6701 Carnegie Avenue No 100 Cleveland OH 44103 Ray T Leach Chief Executive Officer 2163633400 2017-02-07 1 Karen B Cooney P00285983 2162413272 2017-02-07 2015 2017-02-10 21:41:12Z Ray T Leach 6701 Carnegie Avenue No 100 Cleveland OH 44103 12524620 0 X www.jumpstart.org X 1983 OH To accelerate the progress of high potential, early-stage businesses, improve success in achieving goals & raising capital resulting in job creation & growth in northeast Ohio. 29 28 79 72 0 0 9032955 9236591 1860512 1912318 7235697 838676 0 -113780 18129164 11873805 0 0 0 0 5323645 5784816 0 0 211060 7338750 8117224 12662395 13902040 5466769 -2028235 41326511 40150485 3292205 3187615 38034306 36962870 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 3674253 1901462 Entrepreneurial services and investing: JumpStart Inc. conducts its economic revitalization programs by functioning as a regional nonprofit venture development entity which advises, assists, invests and accelerates early-stage ideas and small companies in northeast Ohio that have the potential to attract future private equity and become $30-50M+ companies within the next 5 to 7 years. As the primary entrepreneurial 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 business 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. With regard to investing, JumpStart invests $420,800, on average, in portfolio companies whose business activities are determined to be consistent with the goals of the economic revitalization program. Individual investment will range from $250,000 to $1,000,000 or more depending on a company's needs and how it progresses through mutually determined milestones. Since its inception JumpStart has:1.) Provided more than 35,284 hours of due diligence and technical assistance to 14,981 entrepreneurs and 324 companies in northeast Ohio; 2.) Identified more than 324 investment-worthy opportunities in northeast Ohio;3.) Committed $34.9 million in capital to 83 companies in northeast Ohio who attracted additional follow-on capital $773.7 million from outside sources.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.) Provided 156,159 hours of guidance and support to JumpStart's portfolio companies;2.) Connected JumpStart's portfolio companies with hundreds of resources including subject matter experts, board members, management team members, and potential customers;3.) Enabled JumpStart portfolio companies to meet individual milestones, including: finalizing intellectual property, securing follow-on capital, building internal systems and developing strategic partner and client relationships. 1025151 10856 Outreach and Education: This 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 the current year, the outreach and education program has:1.) Connected with more than 81,890 entrepreneurs and would-be entrepreneurs across the 21-county region we serve through a variety of networking and educational events;2.) Communicated on a bi-weekly basis with more than 61,000 subscribers and 15,600 social media followers, highlighting entrepreneurial successes as well as events for networking and learning;3.) Offered a monthly educational series to allow entrepreneurs to increase their knowledge and expertise in topics important for accelerating the growth of an early-stage venture. The series brings national entrepreneurial expertise to the region and focuses on topics such as company culture, talent, financial planning, personal and company branding, lead generation, raising capital for female founders, small business certifications, developing content, and market research;4.) To enhance the coverage of this series many of these events and conversations are recorded and made availabe as "podcasts, and other content on the JumpStart website. 7393968 0 ECONOMIC INCLUSION: THIS PROGRAM 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 BUSINESS 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 OF 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. SINCE ITS INCEPTION JUMPSTART HAS PROVIDED OVER 189,659 HOURS OF ASSISTANCE TO OVER 14,981 COMPANIES OR ENTREPRENEURS. 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. JUMPSTART BELIEVES ACCELERATING THE GROWTH OF MINORITY AND WOMEN-OWNED BUSINESSES 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 POTENTAIL 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. 12093372 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 82 0 1 79 1 1 1 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X Danielle Morris 2163633400 6701 Carnegie Avenue Cleveland OH 44103 William R Seelbach Chairman 0.50 X X 0 0 0 Jacqueline Acho Trustee 0.30 X 0 0 0 Anthony Campana Trustee 0.30 X 0 0 0 Ellen Burts-Cooper Trustee 0.30 X 0 0 0 Carol Caruso trustee 0.30 X 0 0 0 JJ DiGeronimo trustee 0.30 X 0 0 0 Stephen Fry Trustee 0.30 X 0 0 0 Patrick Pastore Vice Chair 0.50 X X 0 0 0 Barbara Paynter Trustee 0.30 X 0 0 0 Mark J Samolczyk Trustee 0.30 X 0 0 0 Rachel Talton Trustee 0.30 X 0 0 0 Gary S Shamis Treasurer 0.30 X X 0 0 0 Sharon Toerek Trustee 0.30 X 0 0 0 Jose Vasquez Trustee 0.30 X 0 0 0 Kendra Gardiner Trustee 0.30 X 0 0 0 Albert M Green Trustee 0.30 X 0 0 0 Larry Goddard Trustee 0.30 X 0 0 0 William L Hartmann Vice Chair 0.50 X X 0 0 0 Jim Hickey Trustee 0.30 X 0 0 0 Thomas Hopkins Trustee 0.30 X 0 0 0 Bob Hurwitz Trustee 0.30 X 0 0 0 Leonard D Young Trustee 0.30 X 0 0 0 Joseph Jankowski Trustee 0.30 X 0 0 0 Renita Jefferson Trustee 0.30 X 0 0 0 Harold Jones Trustee 0.30 X 0 0 0 Ray T Leach Chief Executive Officer 63.00 2.00 X X 422821 0 23232 Darrell McNair Trustee 0.30 X 0 0 0 Lee Nielsen Trustee 0.30 X 0 0 0 Frank Papay Trustee 0.30 X 0 0 0 Catherine N Belk President 47.00 X 228396 0 14554 Karen Adame MANAGING PARTNER, OPS. 47.00 X 54560 0 0 Jerold J Frantz Senior Managing Partner 47.00 X 218278 0 18060 Michael Jeans Sr Partner/ President of Growth Opps. 0.00 47.00 X 183787 0 4465 Hrishue Mahalaha Sr Partner Solutions Delivery 47.00 X 208611 0 23681 Pantelis Lee Poseidon Sr Partner Entrepreneurial Service & Investing 47.00 X 194385 0 13156 Caroline R Taich Sr Partner Solutions Development 47.00 X 181613 0 18926 Remsen D Harris Sr Partner Investing 47.00 X 138107 0 17913 Amy Martin Partner, Marketing 47.00 X 132417 0 10964 Jeremy Quinn FORMER Principal, ENTREPRENEURIAL TALENT 47.00 X 100719 0 3746 Scott Thompson FORMER SR PTNR, Partnership Development & Marketin 47.00 X 181776 0 19830 2245470 0 168527 20 1 1 0 ARK Group LLC 31 Astor Place Rocky River OH 44116 Consulting 114000 On Technology Partners Inc 7100 Euclid Ave Ste 120 Cleveland OH 44103 Network Support 103226 2 38500 7338668 1859423 9236591 Presentation/Marketing Events 900099 1233178 1233178 Other Income 561000 538678 538678 Support Service 541519 139037 139037 Sublet Income 561000 1425 1425 1912318 7670 7670 1312185 481179 831006 831006 831006 55856 38500 169636 -113780 -113780 11873805 1912318 0 724896 1544341 1278419 242569 23353 2961115 2451236 465101 44778 167265 153884 13381 706706 376516 318759 11431 405389 372958 32431 207667 200434 7233 39800 39800 795299 631130 78145 86024 156705 148975 2596 5134 670251 426168 238032 6051 404663 334242 64924 5497 190716 150611 28821 11284 25263 9028 16235 40073 40073 18739 13215 5516 8 Support to Collaborator 3730422 3730422 Program Expense 1445734 1424242 3992 17500 NCAF, JNF 391892 391892 13902040 12093372 1597608 211060 250 250 3705726 2505692 4951936 3488566 521539 1468558 91141 131054 1132659 1065022 52856 67637 32003063 32488728 41326511 40150485 2434612 1929953 65000 0 227500 227500 450000 450000 115093 538412 0 41750 3292205 3187615 X 36837212 35922943 1197094 1039927 38034306 36962870 41326511 40150485 X -2028235 798662 158137 X X 0 1 X 1 0 X 9888495 15328645 7894123 9032955 9292447 51436665 9888495 15328645 7894123 9032955 9292447 51436665 800534 50636131 157687 226477 315926 885804 7670 1593564 512057 186211 960571 1855415 1912318 5426572 58456801 5431669 0.86620 0.87280 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 18250 18250 13883790 13902040 845102 211276 0 0 727791 660698 783120 845102 3016711 4525067 30000 10000 27750 18250 86000 181943 165175 195780 211276 754174 1131261 1 227500 0 0 227500 1 X 1132659 1065022 67637 67637 Preferred Stock 30758413 F Notes Receivable 2105140 F Less Reserve -374925 F NCAF Management 100 C 32488728 Program related investment liability 41750 41750 X Part IV, Line 2b: ALLIANCE FUND AWARDED TO BE DISBURSED TO QUALIFIED OPPORTUNITIES AS IDENTIFIED BY THE CITY OF ALLIANCE. 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. START UP - SCALE UP 94356 38500 55856 10000 0 0 25069 0 134567 94356 38500 55856 10000 25069 134567 169636 -113780 X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 Ray T Leach Chief Executive Officer 279765 0 142615 0 441 0 8634 0 14598 0 446053 0 0 0 Catherine N Belk President 191144 0 37000 0 252 0 6878 0 7676 0 242950 0 0 0 Jerold J Frantz Senior Managing Partner 182892 0 35000 0 386 0 6638 0 11422 0 236338 0 0 0 Michael Jeans Sr Partner/ President of Growth Opps 183635 0 0 0 152 0 0 0 4465 0 188252 0 0 0 Hrishue Mahalaha Sr Partner Solutions Delivery 159111 0 49500 0 0 0 6497 0 17184 0 232292 0 0 0 Pantelis Lee Poseidon Sr Partner Entrepreneurial Service & 160817 0 33000 0 568 0 5977 0 7179 0 207541 0 0 0 Caroline R Taich Sr Partner Solutions Development 131979 0 49500 0 134 0 4385 0 14541 0 200539 0 0 0 Remsen D Harris Sr Partner Investing 137803 0 0 0 304 0 5577 0 12336 0 156020 0 0 0 Jeremy Quinn FORMER Principal, ENTREPRENEURIAL TA 100629 0 0 0 90 0 3094 0 652 0 104465 0 0 0 Scott Thompson FORMER SR PTNR, Partnership Developm 150545 0 30900 0 331 0 5614 0 14216 0 201606 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 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 MEMBERS. Form 990, Part VI, Section B, line 11 PROCESS USED TO REVIEW THE FORM 990 AND FORM 990T: 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 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 JUMPSTART SHARES CURRENT 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 XI, line 9: Deconsolidation of Entity 158,137. 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. Form 990, Part XI, Line 9: In 2015, Growth Opportunity Partners, LLC (Growth Opps) was included in the consolidation because it was structured as a DISREGARDED entity, 100% owned by JumpStart. Growth Opps is seeking to become a Community Development Financial Institution (CDFI) to help entrepreneurial companies secure financial resources needed for growth by providing loans. During 2016, Growth Opps structure was revised as a SEPARATE nonprofit entity with its own separate Board of Directors and management. While JumpStart is a member of Growth Opps, JumpStart does not have control over Growth Opps' activities. As a result, JumpStart has deconsolidated the net effect of this entity in the current year Consolidated Statement of Activities. 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