NonprofitsJumpstart Inc

Community Improvement & Capacity Building

Jumpstart Inc

CLEVELAND, OH

Total revenue

$21.1M

Total expenses

$27.7M

Net assets

$60.2M

Grants received

$22.0M

25 grants

EIN

341398522

Tax year

2023

Mission

Drive economic vitality by connecting entreprenuers with all they need to succeed.

Programs

2 programs

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 northern ohio regional economy.the activities of outreach and education are directed to supporting networks of investors, advisors, and professional service firms to encourage an increase in the number of successful high-potential entrepreneurial ventures in northern ohio and thereby enhance the economic revitalization of the region.through these efforts, jumpstart seeks to build awareness of services to companies that need and qualify for support.jumpstart's media outreach and events continually inform and educate ohio's entrepreneurs, giving visibility to the success of entrepreneurial ventures and providing support to enable a thriving entrepreneurial community. From 7/1/23 through 06/30/24, jumpstart: 1) communicated with more than 55,700 email subscribers and more than 35,500 social media followers, highlighting entrepreneurial successes as well as events for networking and learning.2) achieved 675 total media mentions highlighting client success stories and sharing valuable information so regional enterpreneurs can access the capital, services, and connections they need to grow. These stories reached audiences throughout the country and highlighting client success stories.3) hosted 15 in-person and 18 virtual events empowering entrepreneurs to build critical resource connections in person and 18 virtual events empowering entrepreneurs to build critical resource connections and increase their knowledge and expertise in subject matter necessary to starting and growing an early-stage venture or 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 06/30/24, there have been more than 37,200 podcast downloads from jumpstart channels and more than 36,000 video views on jumpstart's youtube channel. Overall, there were more than 88,700 unique visitors to jumpstart websites in fiscal year 2024.

Expenses: $1.1M

Network advisors & economic development:as a nonprofit organization supporting startup companies across a range of sectors on critical business challenges, jumpstart leverages a network of subject matter experts to deliver high-quality guidance to early-stage ventures that may not otherwise have access to this level of support. This targeted assistance significantly enhances the likelihood of success for participating companies across the region. This program serves as a strategic component of broader economic revitalization efforts. By facilitating initial connections and providing early momentum, it plays a pivotal role in advancing the development of high-potential businesses and fostering regional economic growth.this network of individuals provides education and information to individuals concerning the development and operation of small businesses in northern ohio to encourage the initiation, expansion, growth, and maturation of both new and existing small businesses, which can provide employment opportunities and thereby aid in alleviating unemployment, community deterioration and economic distress in northern 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 northern 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. The overall advisory program is a vital aspect in the goal of helping to revitalize the economic environment of northern ohio. Jumpstart believes that the availability of experienced entrepreneurs, investors, industry leaders, and executives to startup companies is critical to success. The guidance of early-stage entrepreneurial endeavors provides insight and knowledge and generally broadens the vision of the entrepreneur. Jumpstart believes in accelerating the growth of regional startups and small businesses because it is a critical component of building and sustaining a healthy economy. These firms hold great promise for the region so jumpstart is focused on growing the businesses that can employ much larger numbers. There is a critical gap in funding and support for early-stage, economically disadvantaged, high-potential businesses that could become large companies that create jobs, wealth, and prosperity. Through economic initiatives, jumpstart provides assistance tailored to the specific needs of these historically underserved communities to guide high-impact businesses seeking to raise capital from private investors to become larger-scale national and international firms. Advisors also assist targeted businesses situated in the urban centers of northern ohio.

Expenses: $14.5MGrants: $363K

Financials

FY 2023

Revenue

Contributions & grants$17.3M
Program service revenue$2.4M
Investment income$1.3M
Other revenue
Total revenue$21.1M

Expenses

Grants paid$363K
Salaries & benefits$11.3M
Fundraising$1.0M
Other expenses$16.0M
Total expenses$27.7M
Total assets$86.3M
Net assets$60.2M

People

37 listed

NameRoleCompensation

TELEANGE THOMAS

CHIEF OPERATING & RELATION

Board

$337K

40 hrs/wk

JOHN W GRACE JR

CHIEF PEOPLE, CULTURE, FACILITIES

Board

$222K

40 hrs/wk

JULIE JACONO

CHIEF EXECUTIVE OFFICER

Board

$150K

0

KIPUM LEE

DIRECTOR

Board

1 hrs/wk

JEANNE COUGHLIN

BOARD CHAIR

Board

2 hrs/wk

BILL SEELBACH

DIRECTOR

Board

1 hrs/wk

DREW PURCELL

DIRECTOR

Board

1 hrs/wk

KATE ASBECK

VICE CHAIR. TREASURER

Board

2 hrs/wk

CINDY TORRES ESSELL

VICE CHAIR

Board

2 hrs/wk

BARBARA PAYNTER

VICE CHAIR

Board

2 hrs/wk

JOSE VASQUEZ

VICE CHAIR

Board

2 hrs/wk

KARIM BOTROS

DIRECTOR

Board

1 hrs/wk

ANTHONY CAMPANA

DIRECTOR

Board

1 hrs/wk

CAROL CARUSO

DIRECTOR

Board

1 hrs/wk

GERRICK DOSS

DIRECTOR

Board

1 hrs/wk

LARRY FULTON

DIRECTOR

Board

1 hrs/wk

BRIAN HALL

DIRECTOR

Board

1 hrs/wk

JEAN-CLAUDE KIHN

DIRECTOR

Board

1 hrs/wk

CHERYL PEREZ

DIRECTOR

Board

1 hrs/wk

MARK SAMOLCZYK

DIRECTOR

Board

1 hrs/wk

SHARON TOEREK

DIRECTOR

Board

1 hrs/wk

DEBORAH YUE

DIRECTOR

Board

1 hrs/wk

TODD GREEN

DIRECTOR

Board

1 hrs/wk

RAY T LEACH

FORMER, CEO

Staff

$752K

40 hrs/wk

JEROLD J FRANTZ

FORMER, PRESIDENT JS VENTURE

Staff

$319K

40 hrs/wk

HARDIK DESAI

MANAGING PTNR, NEXT FUND

Staff

$289K

40 hrs/wk

KAREN C ADAME

FORMER, CFO

Staff

$286K

40 hrs/wk

LORNE J NOVICK

CHIEF SERVICES OFFICER

Staff

$244K

40 hrs/wk

MATTHEW W MILLER

FORMER, MANAGING PARTNER

Staff

$240K

40 hrs/wk

KEVIN MENDELSOHN

FORMER, SR VENTURE

Staff

$211K

40 hrs/wk

ERIC AMANFOH

VP, FINANCE

Staff

$184K

40 hrs/wk

KALIEGH GALLAGHER

VP, TECH SVC, NETWORK

Staff

$179K

40 hrs/wk

NADINE NANA

FORMER, VENTURE PARTNER

Staff

$168K

40 hrs/wk

NAKIA HUBBARD

SR VP, MARKETING & COMMUNICATIONS

Staff

$161K

40 hrs/wk

DANIELLE MORRIS

SR DIR, REV & COMPLIANCE

Staff

$155K

40 hrs/wk

ROY EUGENE HODGE

FORMER, ENTREPRENUER IN RESIDENCE

Staff

$152K

40 hrs/wk

A LAMONT MACKLEY

FORMER. CHIEF INCLUSION

Staff

$138K

40 hrs/wk

Independent contractors

ETHAN COHEN

CONSULTING

$129K

ARK GROUP LLC

CONSULTING

$119K

WCA CI2 LLC

CONSULTING

$105K

Grants received

Showing 25 of 25

FromAmountPurposeYear
$4.6M
GENERAL SUPPORT
2024
$403K
PROJECT FUND
2024
$11.0M
2023 CLEVELAND FOUNDATION PUBLIC SERVICE FELLOW
2023
$1.5M
PROJECT FUND
2023
$175K
SUPPORT OPERATIONS
2023
$151K
PUBLIC, SOCIETAL BENEFIT
2023
$25K
STRENGTHENING NWO ENTREPRENEURS
2023
$10K
ROTARY CLUB PITCH COMPETITION
2023
$2.0M
ENDOWMENT DISTRIBUTION
2022
$75K
STRENGTHENING NWO SMALL BUSINESSES
2022
$10K
PUBLIC, SOCIETAL BENEFIT
2021
$530K
CORE CITY: CLEVELAND ENCORE MENTORING PROGRAM
2020
$375K
CHARITABLE DONATION
2020
$30K
Community Service
2020
$25K
STRENGTHENING NWO SMALL BUSINESSES
2020
$10K
PUBLIC, SOCIETAL BENEFIT
2020
$1K
PUBLIC ASSISTANCE
2020
$11K
PUBLIC, SOCIETAL BENEFIT
2019
$842K
CORE CITY: CLEVELAND PROGRAM EXPANSION
2018
$9K
For grant recipient's exempt purposes
2018
$10K
GENERAL SUPPORT
2017

Funded by

$22.0M from 13 funders · 25 grants · 2017–2024

The Cleveland Foundation

$19.0M · 5 grants · 2018–2024

Panorama Global

$1.9M · 2 grants · 2023–2024

Promedica Health System Inc

$550K · 2 grants · 2020–2023

Stark Community Foundation

$151K · 1 grant · 2023

Toledo Community Foundation Inc

$110K · 3 grants · 2020–2023

Local Initiatives Support Corporation

$76K · 3 grants · 2020–2024

Donor Advised Charitable Giving Inc

$31K · 3 grants · 2019–2021

Neighborhood Progress Inc

$30K · 1 grant · 2020

Details

EIN341398522
NTEE codeS20Z
Subsection03
Ruling date1983-09
Formed1983
Employees91
Volunteers130
JUMPSTART INC — Mission, Financials & Grants Received | Grantivo