Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
41 people listed on the 990; $3.9M paid to officers and key staff.
Teleange' Thomas’s $433K as Former COO is at the 71st percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ray T Leach | — | $751,788 | $694,496 | $485,596 | $511,140 | $483,342 |
| Teleange' Thomas | $432,965 | — | — | — | — | — |
| Julie Jacono | $421,283 | $150,000 | — | — | — | — |
| Jerold J Frantz | $215,473 | $319,208 | $405,935 | $299,585 | $278,458 | $258,349 |
| Karen C Adame | — | $285,894 | $348,336 | $242,033 | $251,921 | $238,165 |
| Teleange Thomas | — | $336,724 | $300,513 | $233,062 | — | — |
| Lorne J Novick | $305,840 | $243,526 | $203,954 | $182,042 | $189,126 | $167,594 |
| John William Grace JR | $294,793 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Boosts Northern Ohio's economy by providing entrepreneurs and small businesses with the advisory services, education, and resources needed to grow and create jobs.
Questions for Jumpstart INC
Your first name shows with your question. Jumpstart INC answers here, for everyone.
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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…
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.
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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.0M | $3.5M |
| InvestmentsLn 11–13 | $49.2M | $54.8M |
| Land, buildings, equipmentLn 10c | $496K | $3.0M |
| Total assetsLn 16 | $86.3M | $89.0M |
| LiabilitiesLn 26 | $26.2M | $27.3M |
| Net assetsLn 32 | $60.2M | $61.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $130K | $130K | ||
| Pay of current officers, directors and key staffLn 5 | $1.8M | $1.1M | $740K | $18K |
| Other salaries and wagesLn 7 | $5.9M | $3.5M | $2.3M | $77K |
| Pension plan contributionsLn 8 | $226K | $196K | $29K | |
| Other employee benefitsLn 9 | $1.6M | $623K | $924K | $31K |
| Payroll taxesLn 10 | $502K | $437K | $65K | |
| Legal feesLn 11b | $34K | $11K | $23K | |
| Accounting feesLn 11c | $73K | $23K | $50K | |
| Investment management feesLn 11f | $154K | $108K | $40K | $6K |
| Other fees for servicesLn 11g | $11.7M | $11.2M | $391K | $80K |
| Advertising and promotionLn 12 | $86K | $69K | $17K | |
| Office expensesLn 13 | $425K | $307K | $116K | $2K |
| OccupancyLn 16 | $1.7M | $1.5M | $154K | $7K |
| TravelLn 17 | $2.4M | $1.9M | $481K | |
| InterestLn 20 | $429K | $317K | $111K | |
| Depreciation, depletion and amortizationLn 22 | $464K | $335K | $121K | $9K |
| InsuranceLn 23 | $81K | $60K | $21K | |
| Other expenses (24a–d)Ln 24 | $7.9M | $7.9M | $4K | $1K |
| Total functional expensesLn 25 | $35.6M | $29.7M | $5.6M | $231K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $35.8M | $35.6M | $241K | $61.7M | 990 PDF |
| FY2024 | $21.1M | $27.7M | −$6.6M | $60.2M | 990 PDF |
| FY2023 | $22.6M | $24.6M | −$2.0M | $68.5M | 990 PDF |
| FY2022 | $21.5M | $21.6M | −$125K | $68.7M | 990 PDF |
| FY2021 | $15.7M | $20.5M | −$4.8M | $70.3M | 990 PDF |
| FY2020 | $26.0M | $24.9M | $1.2M | $66.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $35,809,933 revenue, 12 lines filed
Part VI · Governance 23 of 24 board members independent, no flags
Part VIII · Statement of revenue $35,809,933 across 7 lines filed
Part IX · Statement of functional expenses $35,568,812 across 18 lines filed
Part X · Balance sheet $89,008,754 assets, 18 lines filed
Part XI · Reconciliation of net assets $61,735,526 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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