Totals
- Total revenue
- $4,074,558
- Total expenses
- $3,653,947
- Contributions and grants received
- $3,169,674
- Grants paid
- $18,000
- Program service revenue
- $1,063,517
- Investment income
- $3,598
- Other revenue
- -$162,231
- Total assets, end of year
- $2,283,894
- Total liabilities, end of year
- $894,729
- Net assets or fund balances, end of year
- $1,389,165
- Program services expenses (Part IX)
- $2,970,131
- Management and general expenses
- $538,084
- Fundraising expenses
- $145,732
- Program service expenses (Part III)
- $2,970,131
Program services were 81.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$41,921
-
1e · Government grants (contributions)
$2,221,999
-
1f · All other contributions, gifts and grants
$905,754
-
2a · Program service revenue: INCUBATOR AND PDA PROG
total $1,063,517 · related or exempt $1,063,517
-
3 · Investment income
total $3,598 · excluded $3,598
-
8a · Fundraising events: gross income
$14,525
-
8a · Fundraising events: contributions included on line 1c
$41,921
-
8b · Fundraising events: direct expenses
$16,835
-
8c · Net income from fundraising events
total -$2,310 · excluded -$2,310
-
11a · Other revenue: IMPAIRMENT RESERVE REC
total $25,000 · excluded $25,000
-
11b · Other revenue: MISCELLANEOUS
total $3,067 · excluded $3,067
-
11c · Other revenue: INV LOSS-START-UP COMP
total -$187,988 · related or exempt -$187,988
-
11e · Other revenue, total
-$159,921
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $18,000 · program services $18,000
-
5 · Compensation of officers, directors and key employees
total $411,675 · program services $156,560 · management and general $176,561 · fundraising $78,554
-
7 · Other salaries and wages
total $998,983 · program services $758,306 · management and general $199,940 · fundraising $40,737
-
8 · Pension plan contributions
total $13,087 · program services $12,526 · management and general $561
-
9 · Other employee benefits
total $893,406 · program services $893,406
-
10 · Payroll taxes
total $95,095 · program services $74,725 · management and general $15,474 · fundraising $4,896
-
11b · Fees: legal
total $20,205 · program services $3,000 · management and general $17,205
-
11g · Fees: other
total $57,824 · program services $14,783 · management and general $43,041
-
12 · Advertising and promotion
total $41,485 · program services $6,180 · management and general $26,479 · fundraising $8,826
-
13 · Office expenses
total $11,900 · management and general $11,900
-
17 · Travel
total $5,291 · fundraising $5,291
-
20 · Interest
total $17,220 · program services $17,220
-
22 · Depreciation, depletion and amortization
total $182,005 · program services $182,005
-
24a · Other expenses: BUILDING OPERATIONS
total $802,745 · program services $787,889 · management and general $7,428 · fundraising $7,428
-
24b · Other expenses: PROGRAM EXPENSE
total $45,531 · program services $45,531
-
24c · Other expenses: MISCELLANEOUS
total $39,495 · management and general $39,495
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $224,484 · end of year $493,035
-
2 · Savings and temporary cash investments
beginning of year $150,030 · end of year $51,336
-
3 · Pledges and grants receivable
beginning of year $193,813 · end of year $871,749
-
4 · Accounts receivable
beginning of year $119,382 · end of year $24,078
-
9 · Prepaid expenses and deferred charges
end of year $4,835
-
10a · Land, buildings and equipment: cost or other basis
$1,331,951
-
10b · Land, buildings and equipment: accumulated depreciation
$839,699
-
10c · Land, buildings and equipment, net
beginning of year $614,031 · end of year $492,252
-
13 · Investments: program-related
beginning of year $447,765 · end of year $346,609
-
17 · Accounts payable and accrued expenses
beginning of year $357,044 · end of year $456,444
-
19 · Deferred revenue
beginning of year $6,506 · end of year $8,699
-
24 · Unsecured notes and loans payable
beginning of year $451,350 · end of year $399,817
-
25 · Other liabilities
beginning of year $27,883 · end of year $29,769
-
27 · Net assets without donor restrictions
beginning of year $519,523 · end of year $1,004,940
-
28 · Net assets with donor restrictions
beginning of year $387,199 · end of year $384,225
Mission and programs · 2023
Mission
BOUNCE CATALYZES ENTREPRENEURSHIP AND INNOVATION BY PROVIDING CONNECTIONS, RESOURCES AND EXPERTISE TO BUILD A VIBRANT COMMUNITY. BOUNCE PROVIDES SERVICES AND TECHNICAL ASSISTANCE TO EARLY STAGE AND SMALL BUSINESSES FOR ALL.
Activities or mission (Part I)
PROVIDE SERVICES AND PROGRAMS TO ANYONE WITH A MIND FOR INNOVATION TO MAKE THEIR VISIONS A REALITY.
-
ENTREPRENEURIAL SERVICE PROVIDER (ESP) PROGRAM:BOUNCE'S ESP PROGRAM OFFERS AFFORDABLE OFFICE, LAB, AND LIGHT MANUFACTURING SPACE COUPLED WITH EXPERT BUSINESS COUNSELING AND ADVISING, MENTORING SERVICES, AND NETWORKING OPPORTUNITIES. THE ESP PROGRAM ALSO PROVIDES ADVISING, TECHNICAL ASSISTANCE, COACHING, AND NETWORKING OPPORTUNITIES TO EARLY STAGE SOFTWARE COMPANIES IN ORDER TO ASSIST THEM IN DEVELOPING AND LAUNCHING THEIR FIRST MINIMUM VIABLE PRODUCT. IN 2023, THE ESP PROGRAM AT BOUNCE SERVED 76 CLIENTS.
Expenses $2,639,930 · Grants $18,000 · Revenue $875,529
-
GENERATOR SPACE:BOUNCE'S GENERATOR SPACE CONSISTS OF A PUBLIC COWORKING SPACE, CONFERENCE ROOMS, EVENT SPACE, WORKSHOP, AND CAF. IN 2022, 16,600 PEOPLE VISITED THE BOUNCE FACILITY FOR EVENTS, NETWORKING, AND MEETINGS WITH RESIDENT COMPANIES. THE GENERATOR IS DESIGNED TO CONNECT THE COMMUNITY, CORPORATIONS, AND UNIVERSITIES WITH THE ENTREPRENEURIAL ECOSYSTEM AND TO FACILITATE MEANINGFUL COLLISIONS THAT CATALYZE ECONOMIC DEVELOPMENT.
Expenses $108,800
-
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 $221,401
As filed on the 2023 return.
Listed in Part VII
-
Hans DorfiHANS DORFI
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
John DearbornJOHN DEARBORN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Deborah HooverDEBORAH HOOVER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Bradley HelfmanBRADLEY HELFMAN
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Laura BennettLAURA BENNETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
David ZipperDAVID ZIPPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Rj NemerRJ NEMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Billy TaylorBILLY TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Doug WeintraubDOUG WEINTRAUB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jessica SublettJESSICA SUBLETT
CEO
- Total calculated
- $221,400
- From this org
- $214,000
- From related orgs
- $0
- Other
- $7,400
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,000
- Bonus
- $34,000
- Other
- $0
- Deferred
- $4,500
- Nontaxable benefits
- $2,900
- Filer's total
- $221,400
-
Susan Berg HermanSUSAN BERG HERMAN
CAO
- Total calculated
- $114,649
- From this org
- $110,001
- From related orgs
- $0
- Other
- $4,648
- Hours/week
- 40
-
Jennifer KelschJENNIFER KELSCH
CFO
- Total calculated
- $75,625
- From this org
- $75,000
- From related orgs
- $0
- Other
- $625
- Hours/week
- 20
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- CEO AND COO RECEIVED DISCRETIONARY PERFORMANCE BONUSES THAT WERE DETERMINED BASED ON OVERALL PERFORMANCE OF ORGANIZATION AND WERE DETERMINED BY THE BOARD OF DIRECTORS
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BIT FACTORY LLC
SINGLE MEMBER LLC · OH · income -$101,156 · assets $346,609
Directly controlled by BOUNCE INNOVATION HUB
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349302892
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.