Jumpstart Inc

What it reported doing in 2024

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 crit

Financial Efficiency

• Mission deployment rate: 85.8%; rating input score 86
• Program expense ratio: 83.6%; rating input score 84
• Fundraising efficiency: $120.94 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.7%; rating input score 100; 35th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 95.8%; rating input score 96; 29th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.7%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 2.5; rating input score 69; 69th percentile among comparable filings
• Liabilities to assets ratio: 0.31; rating input score 46; 46th percentile among comparable filings
• Officer compensation ratio: 11.6%; rating input score 15; 15th percentile among comparable filings

Growth

• Program expense growth: 8.3% per year; rating input score 100; 63rd percentile among comparable filings
• Revenue growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 45th percentile among comparable filings