Overview
What is Jumpstart Inc?
Jumpstart Inc, based in Cleveland, Ohio, is a dynamic nonprofit organization dedicated to economic revitalization through entrepreneurial services and investing. By functioning as a regional venture development entity, they support startups and high-potential small businesses in Northern Ohio, which have the ability to generate new employment opportunities and contribute to community improvement. Their primary goal is to encourage the creation and growth of businesses that can provide enhanced employment opportunities and aid in the restoration of Northern Ohio, an area that has experienced economic decline and deterioration. Jumpstart conducts investment activities to supplement state and local government economic and job development programs. They offer seed investment capital and strategic and operational guidance from experienced venture partners to help innovative companies advance through stages of growth and attract follow-on funding. Through fiscal year 2022, Jumpstart has invested $78M in 154 portfolio companies, and they provide intensive technical support to ensure key milestones are met. Jumpstart's advisors connect their clients and portfolio companies with valuable resources, including subject matter experts, board members, management team members, and potential customers, enabling them to meet individual milestones and achieve success.
Official website here: www.jumpstartinc.org
Is Jumpstart Inc legitimate?
Jumpstart Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jumpstart Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,701,416
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,675,624
For more financial information, click here
Official website here: www.jumpstartinc.org
What is the mission statement of Jumpstart Inc?
Jumpstart Inc is dedicated to fueling the growth of aspiring businesses and entrepreneurs, ultimately contributing to the betterment of entire communities. By offering investment and various programs, Jumpstart Inc helps to combat community deterioration and alleviate the burden on governments. These initiatives aim to revitalize the economic landscape, providing a much-needed boost to areas that have experienced decline. Through its efforts, Jumpstart Inc unlocks the full potential of entrepreneurship, leading to job creation and growth.
Official website here: www.jumpstartinc.org
Who is the CEO of Jumpstart Inc?
Ray T Leach is the Board Chair of Jumpstart Inc. The CEO's salary of Jumpstart Inc is $485,596 and their total compensation is $522,200.
Official website here: www.jumpstartinc.org
What is the revenue of Jumpstart Inc?
Who are the executives of Jumpstart Inc and what are their salaries?
The average compensation at Jumpstart Inc during 2022 was $85,480. There are 98 employees and 111 volunteers at Jumpstart Inc.
Here are 47 key members and their salaries (Jumpstart Inc's CEO's salary is $485,596 and their total compensation is $522,200):
- Ray T Leach (Chief Executive Officer) [Trustee/Director]
- Jerold J Frantz (Chief Investment & Service)
- Karen C Adame (Chief Financial Officer)
- Teleange Thomas (Chief Operating & Relationship Officer)
- A Lamont Mackley (Chief Inclusion & Outreach)
- Matthew W Miller (Sr Venture Partner)
- Richard E Jankura Jr (Frmr)
- Hardik Desai (Managing Ptnr, Investing)
- Lorne J Novick (Sr Partner, Svcs & Deal Fl)
- Patricia Grospiron (Frmr)
- Jonathon L Grimm (Frmr)
- Kendra M Gardiner (Frmr)
- Gloria Ware (Frmr)
- Nadine Germaine Batchaha Nana (Venture Partner)
- John W Grace Jr (Chief People & Culture Off)
- Kevin Mendelsohn (Sr Venture Partner)
- Kara Carter (Frmr)
- Remsen Harris (Frmr)
- William Nemeth (Frmr)
- Jeanne Coughlin (Board Chair) [Trustee/Director]
- Kate Asbeck (Vice Chair) [Trustee/Director]
- Thomas Hopkins (Vice Chair) [Trustee/Director]
- Barbara Paynter (Vice Chair) [Trustee/Director]
- Karim Botros (Director)
- Lisa Camp (Director)
- Anthony Campana (Director)
- Carol Caruso (Director)
- Odell Coleman (Director)
- Romona Davis (Director)
- Gerrick Doss (Director)
- Eric Fiala (Director)
- Larry Fulton (Director)
- Larry Goodman (Director)
- Brian Hall (Director)
- Ann Hamilton (Director)
- Jean-Claude Kihn (Director)
- Nancy Mendez (Director)
- Cheryl Perez (Director)
- Michael Regelski (Director)
- John Pigott (Director)
- Mark Samolczyk (Director)
- George Sample (Director)
- Cindy Torres Essell (Director)
- Sharon Toerek (Director)
- Jose Vasquez (Director)
- Natoya Walker-Minor (Director)
- Deborah Yue (Director)
Official website here: www.jumpstartinc.org
Where can I find the form 990 for Jumpstart Inc?
The Jumpstart Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.jumpstartinc.org
Learn more at the official website: www.jumpstartinc.org
Mission Statement of Jumpstart Inc
Jumpstart Inc, a mission-driven organization, strives to unlock the full potential of entrepreneurship in transforming entire communities. By focusing on high potential, early-stage businesses in northern Ohio, Jumpstart Inc sets out to improve success in achieving goals and raising capital. The organization's efforts result in job creation and growth, contributing to the economic revitalization of the region.
Jumpstart Inc's commitment to community development goes beyond individual businesses. Through investment and various programs, it aims to combat community deterioration and lessen the burdens of government. The organization's economic revitalization initiatives play a crucial role in fostering a thriving business environment and promoting sustainable growth in northern Ohio. By empowering entrepreneurs, Jumpstart Inc contributes to the overall well-being and prosperity of the community.
In essence, Jumpstart Inc serves as a catalyst for change, unlocking the potential of entrepreneurship to transform communities and improve economies. Its comprehensive approach to economic development combats community deterioration, creates jobs, and fosters a vibrant business environment, making a significant impact on the lives of individuals and the region as a whole.
Impact
This information is meant to be a general summary of Jumpstart Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Jumpstart Inc's impact revolves around accelerating the progress of high-potential, early-stage businesses, improving their success in achieving goals and raising capital, ultimately resulting in job creation and growth in Northern Ohio. By providing entrepreneurial services and investing in startups and small businesses with the potential to economically transform communities, Jumpstart contributes to the creation of new job opportunities in a region that has faced economic decline and community deterioration.
Through its investment activities and guidance from experienced venture partners, Jumpstart has facilitated the growth and success of 154 portfolio companies by investing $78 million. These investments have enabled innovative companies to develop product prototypes, conduct marketing campaigns, and attract follow-on funding, thereby advancing through stages of business growth.
Furthermore, Jumpstart's intensive technical support and connections to resources such as subject matter experts, board members, and potential customers have helped client and portfolio companies meet key milestones, including finalizing intellectual property, securing follow-on capital, and building strategic partnerships. Overall, Jumpstart Inc's efforts play a crucial role in accelerating the growth of businesses and contributing to the economic revitalization of Northern Ohio, ultimately fostering community improvement and alleviating economic distress.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$1,762,621
SUPPORT SERVICE
Revenue
$447,844
Organization Details
Founding Year
1983
Phone
(216) 363-3400
Principal Officer
Ray T Leach
Main Address
6701 CARNEGIE AVENUE 100, CLEVELAND, OH, 44103
Website
www.jumpstartinc.org
NTEE Category
Code: S20Z - Community improvement
If you are a representative of Jumpstart Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.