NonprofitsBounce Innovation Hub

Community Improvement & Capacity Building

Bounce Innovation Hub

AKRON, OH

Total revenue

$4.0M

Total expenses

$3.7M

Net assets

$1.7M

Grants received

$2.1M

27 grants

EIN

823351373

Tax year

2024

Mission

Provide services and programs to anyone with a mind for innovation to make their visions a reality.

Programs

3 programs

Place at bounce:bounce innovation hub is a community-facing destination that includes public coworking space, private offices, reserved desks, conference rooms, event and classroom space, business incubation space including labs, offices, and light manufacturing space, and the ground floor caf. In 2024, over 14,000 people visited the bounce facility for events, networking, programming, and meetings with resident companies. At the end of the year, 70% of the incubator space was occupied, housing 37 tenants. The coworking space housed 28 members, with nearly 400 day passes sold. Bounce's place strategy is designed to bring together entrepreneurs, small businesses, corporations, universities, and the broader community to foster collaboration and facilitate meaningful connections that catalyze economic development.

Expenses: $996K

Other entrepreneurial programming & ecosystem work:in addition to the esp program, bounce provides a variety of other entpreneurial support programs including our beyond startup workshop series. Beyond startup offers bi-weekly accessible workshops that are open to the community. In 2024, bounce partnered with the city of akron, akron urban league, and western reserve community fund to launch the small business initiative (sbi). Under sbi, bounce provided free professional services to entrepreneurs located in qualified census tracts in the city of akron. Further, bounce leads the greater akron entrepreneurial ecosystem (spark akron) under the region's shared economic development strategy "elevate greater akron". Spark convenes two dozen entrepreneurial support organizations in greater akron who work together to strengthen the collective support infrastructure for the region's entrepreneurs.

Expenses: $165K

Grow:bounce's grow program serves small businesses through cohort training classes, one-on-one business counseling, and networking opportunities. The grow program is focused on serving minority entrepreneurs and people of color, particularly those who are historically underrepresented as business owners.

Expenses: $71KGrants: $2K

Financials

FY 2024

Revenue

Contributions & grants$3.0M
Program service revenue$1.0M
Investment income$21K
Other revenue$47K
Total revenue$4.0M

Expenses

Grants paid$2K
Salaries & benefits$2.4M
Fundraising$248K
Other expenses$1.3M
Total expenses$3.7M
Total assets$2.7M
Net assets$1.7M

People

11 listed

NameRoleCompensation

JESSICA SUBLETT

CEO

Board

$240K

40 hrs/wk

SUSAN BERG HERMAN

CAO

Board

$135K

40 hrs/wk

JENNIFER KELSCH

CFO

Board

$84K

20 hrs/wk

RJ NEMER

BOARD MEMBER

Board

3 hrs/wk

BILLY TAYLOR

BOARD MEMBER

Board

3 hrs/wk

HANS DORFI

CHAIR

Board

4 hrs/wk

VICKI TIFFT

BOARD MEMBER

Board

3 hrs/wk

BRADLEY HELFMAN

ASSISTANT SECRETARY

Board

3 hrs/wk

DOUG WEINTRAUB

BOARD MEMBER

Board

3 hrs/wk

MARY TAYLOR

TREASURER

Board

3 hrs/wk

LAURA BENNETT

BOARD MEMBER

Board

3 hrs/wk

Independent contractors

WAVE STRATEGY

ESP PROGRAM

$200K

PROJECT MEDTECH CONSULTING

ESP PROGRAM

$200K

STAMBAUGH CONSULTING

ESP PROGRAM

$120K

Grants received

Showing 27 of 27

FromAmountPurposeYear
$394K
ENTREPRENEUR SUPPORT PROGRAMS AND CLASSROOM EQUIPMENT
2024
$85K
OPERATING SUPPORT, DOWNTOWN REVITALIZATION
2024
$13K
FOR GENERAL PROGRAM SUPPORT
2024
$2K
TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION
2024
$544K
TO SUSTAIN EXISTING PROGRAMMING AND TO PURCHASE EQUIPMENT / OUTFIT CLASSROOMS
2023
$50K
ECONOMIC DEVELOPMENT, DOWNTOWN REVITALIZATION
2023
$17K
CHARITABLE
2023
$15K
TO SUPPORT MORTAR AT BOUNCE - A BUSINESS STARTUP INCUBATOR PROGRAM FOCUSED ON UNDERSERVED COMMUNITIES THAT ADDRESSES THE DIGITAL DIVIDE BY PROVIDING DEVICES TO PARTICIPANTS TO MITIGATE THE RISK NEW ENTREPRENEURS FACE.
2023
$2K
SPONSORSHIP
2023
$283K
Exempt purpose of organization
2022
$20K
ENTREPRENEURIAL EDUCATION AND SUPPORT
2022
$17K
CHARITABLE
2022
$13K
TO SUPPORT CAPACITY-BUILDING AND FOR THE WORKSHOP, WHICH PROVIDES TOOLS, TRAINING, AND EDUCATION TO COMMUNITY MEMBERS TO LEARN HANDS-ON SKILLS THAT CAN TRANSLATE INTO NEW SMALL BUSINESSES
2022
$2K
SPONSORSHIP
2022
$1K
Matching Gifts
2022
$18K
CHARITABLE
2021
$15K
CITY INCLUSIVE ENREPRENEURSHIP NETWORK
2021
$253K
to support strategic planning and programming (the incubator, software accelerator, GROW, and Northeast Ohio Student Venture Fund) in 2020
2020
$85K
GENERAL SUPPORT
2020
$75K
TO FURTHER THE CHARIATABLE PURPOSE OF THE ORGANIZATION
2020
$55K
TO SUPPORT OUR MINORITY FOCUSED BUSINESS PROGRAM, GROW
2020
$10K
to support efforts to bring a non-tech accelerator to Akron
2020
$2K
for diversity, equity, and inclusion training for board and staff members
2020
$10K
FOR OPERATIONAL ASSISTANCE TO HIRE A MAKER IN RESIDENCE
2019
$10K
CURATED STOREFRONT
2019
$15K
TO SUPPORT RENOVATION FOR THE FIRST FLOOR FOR THE GENERATOR
2018

Funded by

$2.1M from 11 funders · 27 grants · 2018–2024

Burton D Morgan Foundation Inc

$1.5M · 7 grants · 2020–2024

The Barberton Community Foundation

$155K · 3 grants · 2022–2024

Akron Community Foundation

$105K · 5 grants · 2018–2024

Gar Foundation

$85K · 1 grant · 2020

Greater Akron Chamber

$75K · 1 grant · 2020

Premier Bank Foundation

$54K · 5 grants · 2021–2023

Details

EIN823351373
NTEE codeS31
Subsection03
Ruling date2018-08
Formed2017
Employees26
Volunteers10
BOUNCE INNOVATION HUB — Mission, Financials & Grants Received | Grantivo