BRONZE2023

JumpStart, Inc.

Cleveland, OH   |  www.jumpstartinc.org

Mission

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

Ruling year info

1983

CEO

Mr. Raymond T. Leach

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.

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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?

Business Assistance

JumpStart provides business assistance to a broad range of tech startups and small businesses through Entrepreneurs-in-Residence, Venture Partners, Analysts, and more. JumpStart offers free workshops on a variety of topics and for select small businesses, the 12-week intensive Impact Program. JumpStart also provides connections to subject matter experts and experienced entrepreneurs through the Burton D. Morgan Mentoring Program and Encore Mentoring Program.

JumpStart works with partners to ensure all have access to entrepreneurial support. JumpStart manages networks of support organizations across Northern Ohio to connect tech entrepreneurs to space, capital, and advice. All organizations, including JumpStart, receive funding from the Ohio Third Frontier. Together with Greater Cleveland Partnership, JumpStart established the Business Growth Collaborative to provide the same coordinated support to the minority small business community. The BGC is now active in Cleveland and Toledo.

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

JumpStart invests in and supports businesses playing an important role in the revitalization of their communities by converting capital into localized commercial activity. JumpStart, along with many partners, is working to address access to capital for small business owners and more specifically African American and Hispanic/Latino/a business owners. The Visible Voice Fund, Impact Program, and Impact Loan Fund currently serve as the channels by which JumpStart directs capital to small businesses.

Since inception, JumpStart has provided early-stage capital to tech entrepreneurs. More than half of JumpStart’s investment capital has come from the Ohio Third Frontier, a statewide commitment to create new tech-based companies. All OTF dollars must be matched with a min. 1:1 from other sources. JumpStart conducts due diligence, invests, and provides ongoing guidance through the JumpStart Evergreen Fund, JumpStart Focus Fund, JumpStart NEXT Fund, and the Healthcare Collaboration Fund.

Population(s) Served
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

Access to Capital

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

Business Assistance

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.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

JumpStart, in collaboration with its partners, will generate dramatically improved and inclusive economic outcomes by supporting diverse entrepreneurs, optimizing entrepreneurial ecosystems, and accelerating innovation.

From FY21 to FY23, JumpStart’s performance commitments are as follows:
1. 2,000 jobs created, with 1,000 (50%) jobs created by client and portfolio companies led by women, Black, or Latinx entrepreneurs
2. 225 client and portfolio companies will raise at least $250K in investment capital, 50% led by women, Black or Latinx entrepreneurs. 60 small businesses will raise at least $25K in grants or loans, 80% led by Black or Latinx entrepreneurs
3. 70% of engaged JumpStart client and portfolio companies are using milestone-based performance management
4. Raise $150M+ for venture funds and deploy $30M+ in capital

1. Cultivate and accelerate the growth of diverse, highest potential entrepreneurs or attract them to Ohio via evolving, high impact services and access to capital.
2. Leverage our startup tech equity investing track record and the Cleveland Innovation Project (CIP) to raise $150M+ 150M+* to invest in startups in both current and new geographies desired by LPs; continue efforts to increase sources of grant/debt capital deployed in communities we serve.
3. Proactively seek and evolve long term partnerships with the State, corporations, institutions, and our economic development partners to build proprietary deal flow, raise and invest funds, accelerate venture development, and secure $1M+ annually (by 2023) in new, sustainable revenue for
4. Make progress towards racial and gender equity in entrepreneurship and related workforce efforts via our work as an intermediary and leader.
5. Play significant leadership role in Cleveland Innovation Project, Midtown Innovation Community, and other civic, entrepreneurship and/or innovation initiatives in markets we serve.

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 06/29/2023
SOURCE: Self-reported by organization
Board chair

Ms. Jeanne Coughlin

The Coughlin Group, Inc.

Term: 2021 - 2024

Ray T. Leach

JumpStart, Inc.

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.

Romona Davis

Huntington National Bank

JJ DiGeronimo

Tech Savvy Women

Stephen Dull

Eric Fiala

KeyBank

Stephen Fry

SRF Consulting

Larry Goodman

Goodman Beverage Corporation

Brian Hall

The Greater Cleveland Partnership

Thomas Hopkins

Sherwin Williams

Joseph Jankowski

Case Western Reserve University

Stephen McHale

Explorys

Darrell McNair

MVP Plastics, Inc.

Nancy Mendez

United Way of Greater Cleveland

Barbara Paynter

Paynter Communications

Michael R. Regelski

Eaton Corporation

John Pigott

ProMedica Innovations

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

Organizational demographics

SOURCE: Self-reported; last updated 3/9/2021

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
Male
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

No data