PLATINUM2024

JumpStart, Inc.

Providing capital, services and connections to help entrepreneurs grow and corporations innovate.

Cleveland, OH   |  www.jumpstartinc.org

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Mission

JumpStart Inc. is a nationally recognized nonprofit venture development organization committed to unlocking the full potential of entrepreneurship to transform entire communities.

Ruling year info

1983

CEO

Mrs. Julie Jacono

Main address

6701 Carnegie Avenue Suite 100

Cleveland, OH 44103 USA

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EIN

34-1398522

NTEE code info

Management Services for Small Business/Entrepreneurs (S43)

Economic Development (S30)

Management & Technical Assistance (S02)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2023, 2022 and 2021.
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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Access to Business-Friendly Capital

JumpStart helps entrepreneurs secure available funding opportunities based on their business, industry and stage; venture capital investments for early-stage technology startups and access to non-dilutive grants and loans for small businesses.

We invest in and support businesses that are playing an important role in economic growth and community revitalization. These investments support regional sustainability by converting capital into localized commercial activity.

Disparities in access to capital disproportionately impact Black, Latino/Hispanic and female entrepreneurs. JumpStart is committed to bridging these gaps by offering historically underrepresented startup founders and small business owners inclusive lending opportunities without the obstacles imposed by traditional banking institutions.

Jumpstart has deployed more than $2M in grants and non-dilutive loans since 2018.

Population(s) Served
Adults
Women
Self-employed people
People of Latin American descent
People of African descent

JumpStart offers personalized business assistance, educational programming and preferred partner networks to help entrepreneurs identify gaps in their business plans, establish appropriate milestones and prepare for new opportunities.

We offer tech startups and small businesses a comprehensive suite of free resources, including: 1:1 business advising, mentoring, educational workshops and webinars, accelerator programs, pitch competitions, networking events, community conversations and more.

These services are part of the wrap-around support that JumpStart provides to help entrepreneurs and corporate partners overcome challenges and find innovative solutions to real-word problems.

As part of a diverse region, our services place emphasis on the unique needs of local businesses. We offer bilingual advising and programming, and we partner with aligned organizations to make sure entrepreneurship is accessible to everyone.

Population(s) Served
Adults
People of African descent
People of Latin American descent
Women
Self-employed people

JumpStart gives engaged entrepreneurs access to an advanced network of business connections and referral opportunities including mission-aligned organizations, technical-service providers, peer mentors and potential customers. These business connections help entrepreneurs socialize their strategies, build social capital and create professional networks.

Through our Preferred Partners Program, entrepreneurs can access a roster of vetted business service providers, often at discounted rates.

JumpStart also provides connections to subject matter experts and experienced entrepreneurs through the Burton D. Morgan Mentoring Program and Encore Mentoring Program

Additionally, JumpStart leads Northern Ohio's Entrepreneur Services Provider (ESP) program and manages the ecosystem of support organizations that deliver resources to startups that drive the state's technology economy. In this role, we are responsible for grant management of 14 organizations that serve 39 counties across Ohio.

Population(s) Served
Adults
Women
Self-employed people
People of African descent
People of Latin American descent
Adults
Women
Self-employed people
People of African descent
People of Latin American descent

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollars loaned to businesses

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Self-employed people, Women, People of African descent, People of Latin American descent

Related Program

Targeted Business Support Services

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

To date, JumpStart has invested more than $61M into 125 Ohio tech startups. 44% of our total investment capital has been deployed into companies led by women and people of color.

Number of companies who have engaged in JumpStart business assistance programs

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women, Self-employed people, Adults, People of African descent, People of Latin American descent

Related Program

Access to Business-Friendly Capital

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

Since our inception, JumpStart has engaged more than 6,500+ companies. In 2019 alone, JumpStart engaged 1,150 companies. 51% were led by women and 42% were led by people of color.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Women, Self-employed people, People of African descent, People of Latin American descent

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

JumpStart grants funding to partners in the Northeast Ohio Startup Network on behalf of the Ohio Third Frontier.

Number of jobs created and maintained

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome

Financials

JumpStart, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

JumpStart, Inc.

Board of directors
as of 06/18/2024
SOURCE: Self-reported by organization
Board chair

Ms. Jeanne Coughlin

The Coughlin Group, Inc.

Term: 2021 - 2024

Kate Asbeck

The Cleveland Foundation

Karim Botros

Echo Health Ventures

Anthony Campana

Campana Capital

Carol Caruso

Caruso Public Affairs, LLC

Jeanne Coughlin

The Coughlin Group, Inc.

Barbara Paynter

Paynter Communications

William R. Seelbach

The Riverside Company

Cindy Torres Essell

Heinen's, Inc.

Sharon Toerek

Toerek Law

Jose Vasquez

Quéz Media Marketing

Mark Samolczyk

Stark Community Foundation

Ann Hamilton

The Cleveland Clinic

Larry Fulton

LEFCO Worthington

Odell Coleman

ColemanWick

Brian Hall

JIT Services, LLC

Cheryl Perez

Cheryl C Perez Brands

C. Todd Green

ONPOINT Interiors

Deborah Yue

Law Office of Deborah Yue

Drew Purcell

Progressive

Gerrick Doss

Jean-Claude Kihn

J. Michael Oakes, PhD

CWRU

Kipum Lee

University Hospitals

Organizational demographics

SOURCE: Self-reported; last updated 1/11/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data