Boosts Northern Ohio's economy by providing entrepreneurs and small businesses with the advisory services, education, and resources needed to grow and create jobs.
Boosts Northern Ohio's economy by providing entrepreneurs and small businesses with the advisory services, education, and resources needed to grow and create jobs.
For fiscal year 2025 it reported $35.8M in revenue, $35.6M in expenses, and $61.7M in net assets.Pt I
Where the money goes · FY2025
Total revenue
$35.8M
Pt VIII · Ln 12
Total expenses
$35.6M
Pt IX · Ln 25
Net assets
$61.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $241K
Where spending went · Part IX cols B–D
84%
16%
Program services $0.84 Management & general $0.16 Fundraising $0.01
Program efficiency
84%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +102% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$35.8M
FY2025▲ +70%
$35.8M$17.9M$0
FY2020FY2025
Expenses
$35.6M
FY2025▲ +28%
$35.6M$17.8M$0
FY2020FY2025
Total assets
$89.0M
FY2025▲ +3%
$90.3M$45.1M$0
FY2020FY2025
Total liabilities
$27.3M
FY2025▲ +4%
$27.3M$13.6M$0
FY2020FY2025
Total revenue
$35.8M
Pt VIII · Ln 12
Total expenses
$35.6M
Pt IX · Ln 25
Net assets
$61.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$241K
Total assetsPt X · Ln 16$89.0M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 423
Mission & Programs · Part III
Where the work happens
3 program services account for $29.7M of program spending, described in the organization's own filed words · FY2024.
01
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…
$19.9Mprogram expense
02
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.
$8.3Mprogram expense
03
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…
Teleange' Thomas’s $433K as Former COO
is at the 72nd 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
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.
Individual Julie Jacono · Reported title CEO · Highest reported compensation $421K · Total expenses $35.6M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10.0M · Total expenses $35.6M
28%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
84%
—
—
Overhead ratio
16%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
70%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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