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Nonprofiteer
← JUMPSTART INC

Form 990 for tax year 2024

Filed by JUMPSTART INC.

Totals

Total revenue
$35,809,933
Total expenses
$35,568,812
Contributions and grants received
$27,950,562
Grants paid
$130,445
Program service revenue
$6,033,114
Investment income
$1,826,257
Other revenue
$0
Total assets, end of year
$89,008,754
Total liabilities, end of year
$27,273,228
Net assets or fund balances, end of year
$61,735,526
Program services expenses (Part IX)
$29,732,093
Management and general expenses
$5,605,606
Fundraising expenses
$231,113
Program service expenses (Part III)
$29,732,093

Program services were 83.6% 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.

  • 1e · Government grants (contributions)

    $19,639,990

  • 1f · All other contributions, gifts and grants

    $8,310,572

  • 2a · Program service revenue: SUPPORT SERVICE

    total $4,080,814 · related or exempt $4,028,057 · unrelated business $52,757

  • 2b · Program service revenue: OTHER INCOME

    total $1,952,300 · related or exempt $1,952,300

  • 3 · Investment income

    total $784,607 · excluded $784,607

  • 7a · Gross sales of assets other than inventory

    other assets $13,254,101

  • 7b · Less cost or other basis and sales expenses

    other assets $12,212,451

  • 7c · Gain or loss

    other assets $1,041,650

  • 7d · Net gain or loss

    total $1,041,650 · excluded $1,041,650

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,445 · program services $130,445

  • 5 · Compensation of officers, directors and key employees

    total $1,849,045 · program services $1,090,937 · management and general $739,618 · fundraising $18,490

  • 7 · Other salaries and wages

    total $5,861,333 · program services $3,466,532 · management and general $2,317,857 · fundraising $76,944

  • 8 · Pension plan contributions

    total $225,649 · program services $196,315 · management and general $29,334

  • 9 · Other employee benefits

    total $1,577,837 · program services $622,859 · management and general $924,106 · fundraising $30,872

  • 10 · Payroll taxes

    total $501,799 · program services $436,565 · management and general $65,234

  • 11b · Fees: legal

    total $34,260 · program services $10,963 · management and general $23,297

  • 11c · Fees: accounting

    total $72,809 · program services $23,299 · management and general $49,510

  • 11f · Fees: investment management

    total $154,341 · program services $108,036 · management and general $40,131 · fundraising $6,174

  • 11g · Fees: other

    total $11,696,971 · program services $11,225,811 · management and general $391,184 · fundraising $79,976

  • 12 · Advertising and promotion

    total $86,408 · program services $69,126 · management and general $17,282

  • 13 · Office expenses

    total $424,628 · program services $307,111 · management and general $115,513 · fundraising $2,004

  • 16 · Occupancy

    total $1,702,213 · program services $1,540,764 · management and general $154,346 · fundraising $7,103

  • 17 · Travel

    total $2,404,258 · program services $1,923,406 · management and general $480,852

  • 20 · Interest

    total $428,546 · program services $317,124 · management and general $111,422

  • 22 · Depreciation, depletion and amortization

    total $463,754 · program services $334,628 · management and general $120,576 · fundraising $8,550

  • 23 · Insurance

    total $81,198 · program services $60,087 · management and general $21,111

  • 24a · Other expenses: SUPPORT TO COLLABORATOR

    total $7,049,700 · program services $7,049,700

  • 24b · Other expenses: PROGRAM EXPENSES

    total $562,113 · program services $562,113

  • 24c · Other expenses: AWARDS/GIFTS

    total $181,220 · program services $175,987 · management and general $4,233 · fundraising $1,000

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $80,285 · program services $80,285

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,811,302 · end of year $2,060,278

  • 2 · Savings and temporary cash investments

    beginning of year $157,330 · end of year $1,427,239

  • 3 · Pledges and grants receivable

    beginning of year $4,106,693 · end of year $6,351,691

  • 4 · Accounts receivable

    beginning of year $3,851,978 · end of year $4,482,643

  • 9 · Prepaid expenses and deferred charges

    beginning of year $266,045 · end of year $214,688

  • 10a · Land, buildings and equipment: cost or other basis

    $4,728,623

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,760,695

  • 10c · Land, buildings and equipment, net

    beginning of year $496,070 · end of year $2,967,928

  • 11 · Investments: publicly traded securities

    beginning of year $240 · end of year $0

  • 13 · Investments: program-related

    beginning of year $49,155,473 · end of year $54,816,127

  • 15 · Other assets

    beginning of year $26,492,976 · end of year $16,688,160

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,983,792 · end of year $5,623,134

  • 19 · Deferred revenue

    beginning of year $0 · end of year $1,613,611

  • 21 · Escrow or custodial account liability

    beginning of year $113,212 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $16,216,710 · end of year $14,136,512

  • 25 · Other liabilities

    beginning of year $5,855,700 · end of year $5,899,971

  • 27 · Net assets without donor restrictions

    beginning of year $57,837,132 · end of year $59,932,267

  • 28 · Net assets with donor restrictions

    beginning of year $2,331,561 · end of year $1,803,259

Mission and programs · 2024

Mission

JUMPSTART INC. DRIVES ECONOMIC VITALITY BY CONNECTING ENTREPRENEURS TO THE OPPORTUNITIES AND RESOURCES THEY NEED TO SUCCEED. JUMPSTART INC. IS FOCUSED ON ENABLING COMPANIES AND FOUNDERS IN TARGETED AREAS SUCCEED SO THAT THEIR SUCCESS CAN IMPROVE THE ECONOMIC REALITY FOR ALL IN THAT REGION.

Activities or mission (Part I)

JUMPSTART DRIVES ECONOMIC VITALITY BY CONNECTING ENTREPRENEURS WITH ALL THEY NEED TO SUCCEED

  • ENTREPRENEURIAL SERVICES (ESP) AND INVESTING:AS OHIO PRIORITIZES TECHNOLOGY-DRIVEN GROWTH WITHIN ITS BROADER ECONOMIC DEVELOPMENT STRATEGY, JUMPSTART INC. PLAYS A DUAL AND ESSENTIAL ROLE - PREPARING VENTURE INVESTABLE COMPANIES FOR CAPITAL AND SERVING AS A REGIONAL VENTURE INVESTOR. BY COMBINING THESE FUNCTIONS, JUMPSTART HELPS TECH COMPANIES SECURE AND DEPLOY EARLY-STAGE CAPITAL MORE EFFECTIVELY, ENABLING THEM TO SCALE, CREATE JOBS, AND STRENGTHEN THE REGION'S LONG-TERM ECONOMIC VITALITY. 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 NORTHERN 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. THROUGH FISCAL YEAR 2025, JUMPSTART HAS INVESTED $111.5M IN 185 PORTFOLIO COMPANIES WHOSE BUSINESS ACTIVITIES WERE DETERMINED TO BE CONSISTENT WITH THE GOALS OF THE ECONOMIC REVITALIZATION PROGRAM. 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 TO PROVIDE GUIDANCE TO HELP ENSURE THAT KEY MILESTONES ARE MET. JUMPSTART ADVISORS HAVE:1) CONNECTED JUMPSTART'S CLIENT AND PORTFOLIO COMPANIES WITH HUNDREDS OF RESOURCES, INCLUDING SUBJECT MATTER EXPERTS, BOARD MEMBERS, MANAGEMENT TEAM MEMBERS, AND POTENTIAL CUSTOMERS.2) ENABLED JUMPSTART CLIENT AND PORTFOLIO COMPANIES TO MEET INDIVIDUAL MILESTONES, INCLUDING FINALIZING INTELLECTUAL PROPERTY, SECURING FOLLOW-ON CAPITAL, BUILDING INTERNAL SYSTEMS, AND DEVELOPING STRATEGIC PARTNER AND CLIENT RELATIONSHIPS.

    Expenses $8,324,986 · Revenue $4,028,057

  • OUTREACH AND EDUCATION:OUTREACH AND EDUCATION ARE SIGNIFICANT AND CRITICAL SEGMENTS 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 7/1/24 THROUGH 06/30/25, JUMPSTART: 1) COMMUNICATED WITH MORE THAN 41,759 EMAIL SUBSCRIBERS AND MORE THAN 31,400 SOCIAL MEDIA FOLLOWERS, HIGHLIGHTING ENTREPRENEURIAL SUCCESSES AS WELL AS EVENTS FOR NETWORKING AND LEARNING.2) ACHIEVED 553 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 HIGHLIGHTED CLIENT SUCCESS STORIES.3) HOSTED 22 IN-PERSON AND 18 VIRTUAL EVENTS EMPOWERING ENTREPRENEURS TO BUILD CRITICAL RESOURCE CONNECTIONS AND INCREASE THEIR KNOWLEDGE AND EXPERTISE IN SUBJECT MATTERS 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 06/30/25, THERE HAVE BEEN MORE THAN 59,600 PODCAST DOWNLOADS FROM JUMPSTART CHANNELS AND MORE THAN 184,000 VIDEO VIEWS ON JUMPSTART'S YOUTUBE CHANNEL. OVERALL, THERE WERE MORE THAN 139,700 UNIQUE VISITORS TO JUMPSTART WEBSITES IN FISCAL YEAR 2025.

    Expenses $1,486,605 · Revenue $1,952,300

  • NETWORK ADVISORS & ECONOMIC DEVELOPMENT:COMPONENTS OF THE ECONOMIC REVITALIZATION PROGRAMS PROVIDE 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 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. AS A NON-PROFIT ADVISING STARTUPS COMPANIES IN MANY SECTORS ON CRITICAL ISSUES, THE USE OF THIS NETWORK OF SUBJECT MATTER EXPERTS ENABLES JUMPSTART TO PROVIDE HIGH QUALITY GUIDANCE TO EARLY-STAGE COMPANIES THAT WOULD NOT BE ABLE TO ACCESS THIS LEVEL OF SERVICE. THIS ADVICE ENABLES THE COMPANIES TO INCREASE THEIR LIKELIHOOD OF SUCCESS IN THE REGION.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. 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 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. 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 NORTHERN OHIO. 32 PERCENT OF JUMPSTART'S BOARD OF DIRECTORS ARE WOMEN, AND 12 PERCENT ARE PEOPLE OF COLOR. MEANWHILE, 66 PERCENT OF JUMPSTART'S STAFF ARE WOMEN, WHILE NEARLY 29.82 PERCENT ARE PEOPLE OF COLOR.ADDITIONALLY, FROM 7/1/24 TO 6/30/25, 61.6 PERCENT OF THE COMPANIES SERVED BY JUMPSTART WERE OWNED/LED BY PEOPLE OF COLOR (BLACK 41 PERCENT OR LATINO/HISPANIC 13.6 PERCENT) AND 55.3 PERCENT WERE WOMAN OWNED/LED. WE BELIEVE IN ACCELERATING THE GROWTH OF BLACK, LATINO, AND WOMEN-OWNED BUSINESSES BECAUSE IT 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 THAT CREATE JOBS, WEALTH, AND PROSPERITY. THROUGH ECONOMIC INCLUSION INITIATIVES, 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 TO BECOME LARGER-SCALE NATIONAL AND INTERNATIONAL FIRMS. ADVISORS ALSO ASSIST TARGETED BUSINESSES SITUATED IN THE URBAN CENTERS OF NORTHERN OHIO, WHOSE BUSINESSES DIRECTLY AFFECT MINORITY POPULATIONS. BY PROVIDING INTENSIVE HANDS-ON GUIDANCE AND STRATEGIC PLANNING, THESE ADVISORS ENABLE ENTREPRENEURS TO ACCESS INVESTMENT FUNDS AND MOVE THEIR BUSINESSES TOWARD CRITICAL MILESTONES. JUMPSTART EMBEDS ITS ECONOMIC INCLUSION PROGRAMMING ACROSS ALL OF ITS ACTIVITIES. SPECIFIC EXAMPLES INCLUDE:1) THE JUMPSTART FOCUS FUND, A $10 MILLION VENTURE CAPITAL FUND SPECIFICALLY DEDICATED TO SUPPORTING FEMALE AND/OR MINORITY LED STARTUPS ACROSS OHIO.2) THE SMALL BUSINESS IMPACT PROGRAM PROVIDES A DIVERSE GROUP OF TRADITIONALLY UNDERREPRESENTED SMALL BUSINESS OWNERS WITH ONE-ON-ONE BUSINESS ASSISTANCE, GRANT CAPITAL, AND CONNECTIONS TO VALUABLE COMMUNITY RESOURCES.

    Expenses $19,920,502 · Grants $130,445

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julie Jacono

    CEO

    Total calculated
    $500,711
    From this org
    $421,283
    From related orgs
    $68,243
    Other
    $11,185
    Hours/week
    40 + 15 related

    Schedule J breakdown matched by us

    Base
    $354,579 + $68,243 related
    Bonus
    $66,704
    Other
    $0
    Deferred
    $11,185
    Nontaxable benefits
    $0
    Filer's total
    $432,468 + $68,243 related

  • Cindy Torres Essell

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jeanne Coughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthongy Campana

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Asbeck

    VICE CHAIR, TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Brian Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karim Botros

    DIRECTOR

    Total calculated
    $136,000
    From this org
    $136,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Larry Fulton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Yue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean-Claude Kihn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Seelbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drew Purcell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kipum Lee

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Angel Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Fening

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karan Jolly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Graffice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Uher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Wellener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marco Grgurevic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Glick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Rich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorne J Novick

    CHIEF SERVICES OFFICER

    Total calculated
    $330,510
    From this org
    $305,840
    From related orgs
    $0
    Other
    $24,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,075
    Bonus
    $37,765
    Other
    $0
    Deferred
    $9,539
    Nontaxable benefits
    $15,131
    Filer's total
    $330,510

  • John William Grace Jr

    CHIEF WORKFORCE OFFICER

    Total calculated
    $303,901
    From this org
    $294,793
    From related orgs
    $0
    Other
    $9,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,918
    Bonus
    $23,875
    Other
    $0
    Deferred
    $8,844
    Nontaxable benefits
    $264
    Filer's total
    $303,901

  • Corey O James

    CHIEF EQUITY OUTREACH & INITIATIVE

    Total calculated
    $215,901
    From this org
    $199,385
    From related orgs
    $0
    Other
    $16,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,035
    Bonus
    $21,350
    Other
    $0
    Deferred
    $6,080
    Nontaxable benefits
    $10,436
    Filer's total
    $215,901

  • Kaleigh Gallagher

    VP, TECH SERVICES AND NETWORK MANAGEMENT

    Total calculated
    $199,354
    From this org
    $188,925
    From related orgs
    $0
    Other
    $10,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,505
    Bonus
    $20,420
    Other
    $0
    Deferred
    $5,672
    Nontaxable benefits
    $4,757
    Filer's total
    $199,354

  • Nakia L Hubbard

    SVP, MARKETING & COMMUNICATIONS

    Total calculated
    $193,040
    From this org
    $186,705
    From related orgs
    $0
    Other
    $6,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,727
    Bonus
    $12,978
    Other
    $0
    Deferred
    $5,619
    Nontaxable benefits
    $716
    Filer's total
    $193,040

  • Eric Amanfoh

    VP, FINANCE

    Total calculated
    $189,493
    From this org
    $183,187
    From related orgs
    $0
    Other
    $6,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,961
    Bonus
    $19,226
    Other
    $0
    Deferred
    $5,610
    Nontaxable benefits
    $696
    Filer's total
    $189,493

  • Kimalon Arnetta Dixon

    VP OF STRATEGIC PARTNERSHIPS

    Total calculated
    $177,250
    From this org
    $162,807
    From related orgs
    $0
    Other
    $14,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,760
    Bonus
    $11,047
    Other
    $0
    Deferred
    $5,023
    Nontaxable benefits
    $9,420
    Filer's total
    $177,250

  • Danielle M Morris

    SR. DIRECTOR, REVENUE & COMPLIANCE MANAGEMENT

    Total calculated
    $173,710
    From this org
    $159,462
    From related orgs
    $0
    Other
    $14,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,101
    Bonus
    $11,361
    Other
    $0
    Deferred
    $4,919
    Nontaxable benefits
    $9,329
    Filer's total
    $173,710

  • Alison King

    DIRECTOR, BURTON D. MORGAN MENTORING

    Total calculated
    $160,932
    From this org
    $150,543
    From related orgs
    $0
    Other
    $10,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,921
    Bonus
    $10,622
    Other
    $0
    Deferred
    $4,599
    Nontaxable benefits
    $5,790
    Filer's total
    $160,932

  • Feowyn A MacKinnon

    SR. DIRECTOR, STRATEGIC BUSINESS INITIATIVES

    Total calculated
    $158,153
    From this org
    $144,922
    From related orgs
    $0
    Other
    $13,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,621
    Bonus
    $10,301
    Other
    $0
    Deferred
    $4,460
    Nontaxable benefits
    $8,771
    Filer's total
    $158,153

  • Michele Hicks

    SR. DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $147,048
    From this org
    $126,079
    From related orgs
    $0
    Other
    $20,969
    Hours/week
    40

  • Camille Genise Heard

    DIRECTOR, HIGH GROWTH SERVICES

    Total calculated
    $144,800
    From this org
    $136,714
    From related orgs
    $0
    Other
    $8,086
    Hours/week
    40

  • Teleange' Thomas

    FORMER COO

    Total calculated
    $443,780
    From this org
    $432,965
    From related orgs
    $0
    Other
    $10,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,507
    Bonus
    $51,458
    Other
    $0
    Deferred
    $6,908
    Nontaxable benefits
    $3,907
    Filer's total
    $443,780

  • Jerold J Frantz

    FORMER PRESIDENT JS VENTURES

    Total calculated
    $239,596
    From this org
    $215,473
    From related orgs
    $0
    Other
    $24,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,473
    Bonus
    $0
    Other
    $0
    Deferred
    $6,005
    Nontaxable benefits
    $18,118
    Filer's total
    $239,596

  • Hardik Desai

    JSE MANAGING PARTNER

    Total calculated
    $548,631
    From this org
    $193,857
    From related orgs
    $345,000
    Other
    $9,774
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $150,316 + $345,000 related
    Bonus
    $43,541
    Other
    $0
    Deferred
    $9,774
    Nontaxable benefits
    $0
    Filer's total
    $203,631 + $345,000 related

  • Vicki McDonald

    FORMER DIRECTOR OF COMMUNICATIONS

    Total calculated
    $106,885
    From this org
    $103,772
    From related orgs
    $0
    Other
    $3,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,772
    Bonus
    $0
    Other
    $0
    Deferred
    $3,113
    Nontaxable benefits
    $0
    Filer's total
    $106,885

  • Matthew William Miller

    FORMER SR. VENTURE PARTNER

    Total calculated
    $159,897
    From this org
    $146,066
    From related orgs
    $0
    Other
    $13,831
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,066
    Bonus
    $0
    Other
    $0
    Deferred
    $3,856
    Nontaxable benefits
    $9,975
    Filer's total
    $159,897

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
JEROLD J FRANTZ RECEIVED SEVERANCE IN THE AMOUNT OF $136,269 WHICH WAS PAID DURING THE CALENDAR YEAR 2024. TELEANGE' THOMAS RECEIVED SEVERANCE IN THE AMOUNT OF $93,740 WHICH WAS PAID DURING THE CALENDAR YEAR 2024. MATTHEW MILLER RECEIVED SEVERANCE IN THE AMOUNT OF $55,427 WHICH WAS PAID DURING THE CALENDAR YEAR 2024.
FORM 990, SCHEDULE J, PART II
SUBSEQUENT TO THE FISCAL YEAR END JUNE 30, 2025, JULIE JACONO RESIGNED AS CEO OF JUMPSTART. LORNE NOVICK WAS IMMEDIATELY APPOINTED INTERIM CEO AND IN JANUARY 2026, LORNE WAS CONFIRMED AS THE PERMANENT CEO OF JUMPSTART.
FORM 990, SCHEDULE J, PART II
HARDIK DESAI WAS THE FORMER SR MANAGING PARTNER OF JUMPSTART VENTURES. AT JULY 2024, HARDIK BECAME THE MANAGING PARTNER OF JUMPSTART ENTERPRISES.

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

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NCAF MANAGEMENT LLC

    INVESTMENT MANAGEMENT · OH · 100% owned · share of income -$164 · share of assets -$9,073 · general or managing partner

    Directly controlled by JUMPSTART ENTERPRISES INC

  • NCAF MANAGEMENT II LLC

    INVESTMENT MANAGEMENT · OH · 100% owned · share of income -$170,585 · share of assets $153,087 · general or managing partner

    Directly controlled by JUMPSTART ENTERPRISES INC

  • JNF MANAGEMENT LLC

    INVESTMENT MANAGEMENT · OH · 100% owned · share of income -$9,000 · share of assets $37,973 · general or managing partner

    Directly controlled by JUMPSTART ENTERPRISES INC

  • NCAF MANAGEMENT III LLC

    INVESTMENT MANAGEMENT · OH · 100% owned · share of income -$169,073 · share of assets $501,118 · general or managing partner

    Directly controlled by JUMPSTART ENTERPRISES INC

  • JUMPSTART NEXT FUND LLC

    INVESTMENT MANAGEMENT · OH · 3.6% owned · share of income -$10,387 · share of assets $815,222

  • NORTH COAST ANGEL FUND III LLC

    INVESTMENT MANAGEMENT · OH · 1.97% owned · share of income -$10,453 · share of assets $63,126

  • JUMPSTART NEXT FUND LLC - CUYAHOGA CTY

    INVESTMENT MANAGEMENT · OH · 16.84% owned · share of income -$48,578 · share of assets $1,584,792

  • JNF MANAGEMENT II LLC

    INVESTMENT MANAGEMENT · OH · 100% owned · share of income -$181,232 · share of assets $2,105,545

    Directly controlled by JUMPSTART ENTERPRISES INC

  • JS READYSET SPVI LLC

    INVESTMENT MANAGEMENT · OH · 10% owned · general or managing partner

  • JS LSNR SPV LLC

    INVESTMENT MANAGEMENT · OH · 10% owned · general or managing partner

  • JS DELIVERED SPV LLC

    INVESTMENT MANAGEMENT · OH · 10% owned · general or managing partner

  • JNF MANAGEMENT III LLC

    INVESTMENT MANAGEMENT · OH

  • JS EVERGREEN FUND IV MANAGEMENT LLC

    INVESTMENT MANAGEMENT · OH

  • JS FOCUS FUND II MANAGEMENT LLC

    INVESTMENT MANAGEMENT · OH

  • JS FOCUS FUND II GP LLC

    INVESTMENT MANAGEMENT · OH · general or managing partner

  • JS EVERGREEN FUND IV GP LLC

    INVESTMENT MANAGEMENT · OH · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • JUMPSTART ENTERPRISES INC

    C · HOLDING COMPANY · OH · 100% owned · share of income $155,180 · share of assets $1,752,078

Provenance

Return type
form_990
Tax year
2024
Filed
29 March 2026
IRS schema version
2024v5.5
Source object
202601009349300340

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