2016-04-13T12:24:33-05:00 2015-06-30 341818258 MEADEN & MOORE LTD 1100 SUPERIOR AVENUE SUITE 1100 CLEVELAND OH 441142523 990 2014-07-01 341398522 JUMPSTART INC JUMP 2163633400 6701 CARNEGIE AVENUE NO 100 CLEVELAND OH 44103 RAY T LEACH CHIEF EXECUTIVE OFFICER 2163633400 2016-04-13 1 KAREN B COONEY P00285983 2162413272 2016-04-13 2014 2016-08-17 19:52:53Z RAY T LEACH 6701 CARNEGIE AVENUE NO 100 CLEVELAND OH 44103 18776891 0 X WWW.JUMPSTARTINC.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 67 0 0 -6538 7894123 9032955 960571 1860512 315926 7235697 0 0 9170620 18129164 0 0 0 0 5342211 5323645 0 0 220298 4871739 7338750 10213950 12662395 -1043330 5466769 24198286 41326511 3564633 3292205 20633653 38034306 X JUMPSTART INC. EXISTS TO STRENGTHEN ECONOMIC VITALITY BY HELPING REALIZE ENTREPRENEURIAL POTENTIAL. 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 3507770 1855503 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 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 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 $374,000, ON AVERAGE, IN PORTFOLIO COMPANIES WHOSE BUSINESS ACTIVITIES ARE DETERMINED TO BE CONSISTENT WITH THE GOALS OF THE ECONOMIC REVITALIZATION PROGRAM. INDIVIDUAL INVESTMENTS WILL RANGE FROM $250,000 TO $600,000 DEPENDING ON A COMPANY'S NEEDS AND HOW IT PROGRESSES THROUGH MUTUALLY DETERMINED MILESTONES. SINCE ITS INCEPTION JUMPSTART HAS:1) PROVIDED MORE THAN 34,467 HOURS OF DUE DILIGENCE AND TECHNICAL ASSISTANCE TO 13,543 ENTREPRENEURS AND 311 COMPANIES IN NORTHEAST OHIO;2) IDENTIFIED MORE THAN 311 INVESTMENT-WORTHY OPPORTUNITIES IN NORTHEAST OHIO;3) COMMITTED $28.3 MILLION IN CAPITAL TO SEVENTY-SIX COMPANIES IN NORTHEAST OHIO WHO ATTRACTED ADDITIONAL FOLLOW-ON CAPITAL OF $668.5 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 149,528 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 T0 MEET INDIVIDUAL MILESTONES, INCLUDING: FINALIZING INTELLECTUAL PROPERTY, SECURING FOLLOW-ON CAPITAL, BUILDING INTERNAL SYSTEMS AND DEVELOPING STRATEGIC PARTNER AND CLIENT RELATIONSHIPS. 1476512 5009 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 SUCESS 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 79,900 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 54,900 SUBSCRIBERS AND 11,220 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 CAPITAL FORMATION, TALENT, ORGANIZATIONAL STRUCTURE, PATENT LAW AND SALES AND MARKETING.4) TO ENHANCE THE COVERAGE OF THIS SERIES MANY OF THESE EVENTS AND CONVERSATIONS ARE RECORDED AND MADE AVAILABLE AS "PODCASTS, AND OTHER CONTENT ON THE JUMPSTART WEBSITE. 5758489 ECONOMIC INCLUSION/NETWORK ADVISORS: IS THE ESSENTIAL SEGMENT OF THE ECONOMIC REVITALIZATION PROGRAMS THAT PROVIDES THE INITIAL CONTACT AND IMPETUS TO THE DEVELOPMENT OF SEED IDEAS BY PROVIDING 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. JUMPSTART'S STAFF, MENTORS AND NETWORK OF ADVISORS GUIDE NORTHEAST OHIO'S HIGH POTENTIAL TECHNOLOGY 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 TECHNOLOGY CEOS, WITH SIGNIFICANT EXPERIENCE. JUMPSTART'S NETWORK 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. SINCE ITS INCEPTION JUMPSTART HAS PROVIDED OVER 188,653 HOURS OF ASSISTANCE TO OVER 13,543 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 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. 10742771 1 1 0 1 0 0 0 0 1 0 1 0 1 0 0 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 49 0 1 67 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 SUITE 100 CLEVELAND OH 44103 MARK WILLIAMS CHAIRMAN 0.50 X X 0 0 0 DR JACQUELINE ACHO TRUSTEE 0.30 X 0 0 0 DAVID C BROWN TRUSTEE 0.30 X 0 0 0 CAROL CARUSO TRUSTEE 0.30 X 0 0 0 JOHN DAVIES TRUSTEE 0.30 X 0 0 0 LARRY GODDARD TRUSTEE 0.30 X 0 0 0 WILLIAM L HARTMANN TRUSTEE 0.30 X 0 0 0 JIM HICKEY TRUSTEE 0.30 X 0 0 0 JEFF HOFFMAN TRUSTEE 0.30 X 0 0 0 BOB HURWITZ TRUSTEE 0.30 X 0 0 0 JOSEPH JANKOWSKI 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 519747 0 23191 NDEDA N LETSON TRUSTEE 0.30 X 0 0 0 LEE NIELSEN TRUSTEE 0.30 X 0 0 0 DR FRANK PAPAY TRUSTEE 0.30 X 0 0 0 PATRICK PASTORE TRUSTEE 0.30 X 0 0 0 RICHARD A POHLE TRUSTEE 0.30 X 0 0 0 MARK J SAMOLCZYK TRUSTEE 0.30 X 0 0 0 WILLIAM R SEELBACH VICE CHAIR 0.50 X X 0 0 0 GARY S SHAMIS TREASURER 0.30 X X 0 0 0 DR RACHEL TALTON TRUSTEE 0.30 X 0 0 0 STEVE WALLING TRUSTEE 0.30 X 0 0 0 LEONARD D YOUNG TRUSTEE 0.30 X 0 0 0 KENDRA GARINER TRUSTEE 0.30 X 0 0 0 RENITA JEFFERSON TRUSTEE 0.30 X 0 0 0 BARBARA PAYNTER TRUSTEE 0.30 X 0 0 0 SHARON TOEREK TRUSTEE 0.30 X 0 0 0 JOSE VASQUEZ TRUSTEE 0.30 X 0 0 0 CATHERINE BELK CHIEF OPERATING OFFICER 47.00 X 201100 0 13695 JEROLD FRANTZ MANAGING PARTNER 47.00 X 193613 0 17313 PANTELIS LEE POSEIDON SR PARTNER, NETWORK MANAGEMENT 47.00 X 165531 0 12025 PATRICIA GROSPIRON PRINCIPAL NETWORK MANAGEMENT 47.00 X 106990 0 3878 A L MACKLEY PRINCIPAL, INVESTMENT SERVICES 47.00 X 113662 0 14800 HRISHUE MAHALAHA SR PARTNER, SOLUTIONS DEV 47.00 X 182006 0 12655 LORNE NOVICK PRINCIPAL, DEAL FLOW 47.00 X 101528 0 17440 JEREMY QUINN PRINCIPAL, ENTREPRENEURIAL TALENT 47.00 X 107849 0 3858 CAROLINE TAICH SR PARTNER, SOLUTIONS DEV 47.00 X 110995 0 10323 SCOTT THOMPSON SR PARTNER, PARTNERSHIP DEV & MKTG 47.00 X 150795 0 16042 GLORIA WARE PRINCIPAL, INCLUSION 47.00 X 115949 0 12210 MICHAEL JEANS SR PARTNER, PRES GROWTH OPS 32.50 14.50 X 103476 0 10595 LYNN-ANN GRIES FORMER CHIEF INVEST OFFICER 50.00 X 160030 0 19377 RICHARD JANKURA JR FORMER, CFO 51.00 X 185881 0 6379 2519152 0 193781 16 1 1 0 SOLAR SYSTEMS NETWORKING INC 7100 EUCLID AVE STE 120 CLEVELAND OH 44103 NETWORK SUPPORT 102340 1 7600498 1432457 9032955 ENTREPRENEURIAL SERVICES INCOME 561000 1003361 1003361 PRESENTATION/MKT EVENTS 900099 748284 748284 SUPPORT SERVICE INCOME 541519 103770 103770 SUB LEASE RENTAL INCOME 561000 5097 5097 1860512 885804 885804 6997620 647727 6349893 6349893 6349893 18129164 1860512 0 7235697 1100341 913283 165051 22007 2929685 2416764 452053 60868 135458 123266 10837 1355 824527 505998 299653 18876 333634 303607 26691 3336 18152 18152 28498 28498 577387 313863 200531 62993 199684 181656 7078 10950 448150 219186 226655 2309 486339 348317 130709 7313 177040 108376 39294 29370 42389 25260 17129 54109 54109 14729 817 13887 25 SUPPORT TO COLLABORATOR 3955816 3955816 NCAF, GROWTH OPS, JNF M 988437 988437 PROGRAM EXPENSES 348020 338125 8999 896 12662395 10742771 1699326 220298 250 250 1686046 3705726 2558126 4951936 321866 521539 54447 91141 1077805 1024949 99365 52856 19478186 32003063 24198286 41326511 1187067 2434612 65000 230000 227500 450000 450000 1697566 115093 3564633 3292205 X 18776596 36837212 1857057 1197094 20633653 38034306 24198286 41326511 5466769 11933884 0 X 0 1 X 1 0 X 11977144 9888495 15328645 7894123 9032955 54121362 11977144 9888495 15328645 7894123 9032955 54121362 1978266 52143096 85833 157687 226477 315926 885804 1671727 436031 512057 186211 960571 1855415 3950285 59743374 3935382 0.87280 0.86910 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 27750 27750 12634645 12662395 783120 195780 0 0 692780 727791 660698 783120 2864389 4296584 10000 30000 10000 27750 77750 173195 181943 165175 195780 716093 1074140 1 230000 0 2500 227500 1 X 1077805 1024949 52856 52856 NOTES RECEIVABLE 1845140 F LESS RESERVE -374925 F PREFERRED STOCK 30532748 F NCAF MANAGEMENT 100 C 32003063 X PART IV, LINE 1B: ALLIANCE FUND AWARDED TO BE DISBURSED TO QUALIFIED OPPORTUNITIES AS IDENTIFIED BY THE CITY OF ALLIANCE. PART IV, LINE 2B: REFER TO EXPLANATION FOR LINE 1B 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 277730 0 242017 0 0 0 8781 0 14410 0 542938 0 0 0 CATHERINE BELK CHIEF OPERATING OFFICER 175634 0 25466 0 0 0 6055 0 7640 0 214795 0 0 0 JEROLD FRANTZ MANAGING PARTNER 171250 0 22363 0 0 0 5895 0 11418 0 210926 0 0 0 PANTELIS LEE POSEIDON SR PARTNER, NETWORK MANAGEMENT 146250 0 19281 0 0 0 5057 0 6968 0 177556 0 0 0 HRISHUE MAHALAHA SR PARTNER, SOLUTIONS DEV 165003 0 17003 0 0 0 5491 0 7164 0 194661 0 0 0 SCOTT THOMPSON SR PARTNER, PARTNERSHIP DEV & MKTG 145342 0 5453 0 0 0 4552 0 11490 0 166837 0 0 0 LYNN-ANN GRIES FORMER CHIEF INVEST OFFICER 160030 0 0 0 0 0 4974 0 14403 0 179407 0 0 0 RICHARD JANKURA JR FORMER, CFO 161250 0 24631 0 0 0 5566 0 813 0 192260 0 0 0 PART 1 - QUESTION 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 (FORMERLY NORTHEAST OHIO TECHNOLOGY COALITION OR NORTECH) 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: 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 JUMPSTART 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. GROWTH OPPORTUNITY PARTNERS 6701 CARNEGIE STE 100 CLEVELAND OH 44103 474257622 JUMPSTART INC. SOLE MEMBER OH 94929 JUMPSTART INC EMF MANAGEMENT LLC 6701 CARNEGIE STE 100 CLEVELAND OH 44103 451542051 JUMPSTART INC. SOLE MEMBER OH 0 GROWTH OPPORTUNITY PARTNERS NCAF MANAGEMENT LLC 5875 LANDERBROOK DR 300 MAYFIELD VILLAGE OH 44124 205287463 INVESTMENT MANAGEMENT OH 42038 150509 1 1 1.00000 NCAF MGMT II LLC 5875 LANDERBROOK DR 300 MAYFIELD VILLAGE OH 44124 273132457 INVESTMENT MANAGEMENT OH 129135 735338 1 0 1.00000 JNF MANAGEMENT LLC 6701 CARNEGIE STE 100 CLEVELAND OH 44103 464347322 INVESTMENT MANAGEMENT OH 0 0 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 NCAF MANAGEMENT LLC R 100000 FMV NCAF MANAGEMENT II LLC R 177500 FMV GROWTH OPPORTUNITY PARTNERS INC R 170000 FMV