Jumpstart INC FY2022 filing
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 2022 it reported $21.5M in revenue, $21.6M in expenses, and $68.7M in net assets.Pt I
- Founded
- 1983
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Cleveland, OH
- Website
- www.jumpstartinc.org
- Filings
- 6 on file (2020–2022)
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Summary of the Filing
Where the work happens
Network Advisors & Economic Inclusion
This program is an essential componentof the economic revitalization programs that provides 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 for the purpose of encouraging the…
Entrepreneurial Services and Investing
Jumpstart inc. Conducts its economic revitalization programs by functioning as a regional nonprofit venture development entity which supports startups and high potential small businesses who have the potential to economically transform COMMUNITIES.AS the primary entrepreneurial economic revitalization program jumpstart inc.
Outreach and Education
This program is a significant and critical segment 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 importance of…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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
| 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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 78% | — | — |
| Overhead ratio | 18% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Revenue growth | 37% | — | — |
| Investment management fee ratio | 0.3% | — | — |
| Legal fee ratio | 0.3% | — | — |
| Accounting fee ratio | 0.4% | — | — |
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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Filings & Schedule Manifest
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Sources
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