Jumpstart Inc
JumpStart Inc. is a nationally recognized nonprofit venture development organization based in Cleveland, Ohio. Founded in 1983, it operates as a 501(c)(3) public charity dedicated to economic revitalization through entrepreneurial services and investing. The organization functions as a regional venture development entity, supporting startups and high-potential small businesses primarily in Northern Ohio. JumpStart combines capital, services, and connections to help entrepreneurs grow, researchers commercialize, and corporations innovate.
Key facts about Jumpstart Inc
- EIN
- 34-1398522
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $130,000
- Grants made (2025)
- 1
- Average grant
- $130,000
- Median grant
- $130,000
- Total assets
- $89,008,754
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
How Jumpstart Inc gives
- Giving fell 94% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Jumpstart Inc
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$89.0M
+3.1% YoY
Annual Giving
$130K
-50.0% YoY
Grant Count
1
-93.8% YoY
Avg Grant Size
$130K
+699.3% YoY
Mission & Focus Areas
Mission: JumpStart Inc. is committed to driving economic vitality by connecting entrepreneurs to the opportunities and resources they need to succeed. The organization aims to unlock the full potential of diverse and ambitious entrepreneurs to economically transform entire communities.
Core Values: Humility, Collaboration, Accountability, and Entrepreneurship
Primary Focus Areas:
- Entrepreneurial services and venture investing
- Access to business-friendly capital for early-stage technology startups
- Seed investment capital and strategic guidance
- Non-dilutive grants and loans for small businesses
- Technical support and business development services
- Connection of entrepreneurs to subject matter experts, board members, management resources, and potential customers
Grantmaking
JumpStart functions as both a venture investor and provider of entrepreneurial services. Through fiscal year 2022, the organization has invested $78 million in 154 portfolio companies.
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Geographic Focus
Where this funder awards grants
JumpStart's primary geographic focus is Northern Ohio, with particular emphasis on the Cleveland region. The organization also operates in Oregon and Georgia.
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $86,338,107
- Total Revenue: $21,064,299
- Total Expenses: $27,704,022
- Total Giving: $362,779
Previous Year Data (2023):
- Total Assets: $90.3M
- Revenue: $22.6M
- Expenses: $24.6M
- Total Liabilities: $21.8M
Workforce: 91–93 employees
Rating: Four-Star rating with 100% score from independent charity evaluator
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $89,008,754 | $86,338,107 | $90,254,116 |
| Revenue | $35,809,933 | $21,064,299 | $22,585,465 |
| Expenses | $35,568,812 | $27,704,022 | $24,603,929 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,826,257 | $1,343,688 | $948,973 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
99 grants across all recorded years
Open Grants
1 open opportunity from Jumpstart Inc
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Northeast Ohio Hispanic Chamber of Commerce ($130,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHEAST OHIO HISPANIC CHAMBER OF COMMERCE Cleveland, OH | BUSINESS SUPPORT | $130,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Julie Jacono – CEO (as of most recent filing)
- Lorne Novick – Chief Executive Officer (joined January 2026)
- Corey James – Chief Impact Officer
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Julie Jacono | CEO | 40 | $421,283 |
| Cindy Torres Essell | Chair | 2 | — |
| Jeanne Coughlin | Director | 1 | — |
| Anthongy Campana | Director | 1 | — |
| Kate Asbeck | Vice Chair, Treasurer | 2 | — |
| Brian Hall | Director | 1 | — |
| Karim Botros | Director | 1 | $136,000 |
| Larry Fulton | Vice Chair | 1 | — |
| Cheryl Perez | Director | 1 | — |
| Deborah Yue | Director | 1 | — |
| Jean-Claude Kihn | Director | 1 | — |
| Bill Seelbach | Director | 1 | — |
| Todd Green | Director | 1 | — |
| Drew Purcell | Vice Chair | 2 | — |
| Kipum Lee | Vice Chair | 2 | — |
| Angel Rodriguez | Director | 1 | — |
| Steve Fening | Director | 1 | — |
| Karan Jolly | Director | 1 | — |
| Anne Graffice | Director | 1 | — |
| Dean Uher | Director | 1 | — |
| Paul Wellener | Director | 1 | — |
| Marco Grgurevic | Director | 1 | — |
| Joe Glick | Director | 1 | — |
| Joe Rich | Director | 1 | — |
| Lorne J Novick | Chief Services Officer | 40 | $305,840 |
| John William Grace Jr | Chief Workforce Officer | 40 | $294,793 |
| Corey O James | Chief Equity Outreach & Initiative | 40 | $199,385 |
| Kaleigh Gallagher | VP, Tech Services and Network Management | 40 | $188,925 |
| Nakia L Hubbard | SVP, Marketing & Communications | 40 | $186,705 |
| Eric Amanfoh | VP, Finance | 40 | $183,187 |
| Kimalon Arnetta Dixon | VP of Strategic Partnerships | 40 | $162,807 |
| Danielle M Morris | Sr. Director, Revenue & Compliance Management | 40 | $159,462 |
| Alison King | Director, Burton D. Morgan Mentoring | 40 | $150,543 |
| Feowyn a Mackinnon | Sr. Director, Strategic Business Initiatives | 40 | $144,922 |
| Michele Hicks | Sr. Director of Human Resources | 40 | $126,079 |
| Camille Genise Heard | Director, High Growth Services | 40 | $136,714 |
| Teleange' Thomas | Former COO | 40 | $432,965 |
| Jerold J Frantz | Former President JS Ventures | 40 | $215,473 |
| Hardik Desai | Jse Managing Partner | 40 | $193,857 |
| Vicki McDonald | Former Director of Communications | 40 | $103,772 |
| Matthew William Miller | Former Sr. Venture Partner | 40 | $146,066 |
Recent News & Activity
Recent developments and announcements
JumpStart has received significant state funding support for its technology entrepreneurship initiatives:
State Awards More Than $67.4 Million to Support Technology ...State of Ohio awarded more than $67.4 million to support technology entrepreneurs and startup companies, with JumpStart Inc. as a recipient
State Awards More Than $67.4 Million to Support Technology ...$31 million in state funds announced for JumpStart Inc. to support technology start-ups in Northeast Ohio
State Awards More Than $67.4 Million to Support Technology ...JumpStart Ventures awarded $35 million to invest in promising tech startups across Ohio
JumpStart Ventures Awarded $35M To Invest In Promising Tech ...Eleven Ohio investment funds, including JumpStart, were awarded $86 million collectively
Eleven Ohio investment funds awarded $86 millionRecent grant funding received from KeyBank Foundation ($5.0M in 2022), US Department of Commerce Economic Development Administration ($2.0M in 2023), and The Milliken & Company Charitable Foundation (2024)
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Jumpstart Inc fund?
**Mission:** JumpStart Inc. is committed to driving economic vitality by connecting entrepreneurs to the opportunities and resources they need to succeed. The organization aims to unlock the full potential of diverse and ambitious entrepreneurs to economically transform entire communities. **Core Values:** Humility, Collaboration, Accountability, and Entrepreneurship **Primary Focus Areas:** • Entrepreneurial services and venture investing • Access to business-friendly capital for early-stage t…
How do I apply for a grant from Jumpstart Inc?
JumpStart functions as both a venture investor and provider of entrepreneurial services. Through fiscal year 2022, the organization has invested $78 million in 154 portfolio companies. **Grant Characteristics:** • Typical award range: $5,240–$1,000,000 • Investments support early-stage technology companies and small businesses with growth potential • Seed investment capital bundled with guidance from experienced venture partners • Early-stage investments enable companies to complete product pro…
Where does Jumpstart Inc make grants?
JumpStart's primary geographic focus is Northern Ohio, with particular emphasis on the Cleveland region. The organization also operates in Oregon and Georgia.
What size grants does Jumpstart Inc award?
In 2025, Jumpstart Inc awarded 1 grant totaling $130K — an average of about $130K per grant, based on its IRS Form 990 filings.
What is Jumpstart Inc's EIN?
Jumpstart Inc's EIN (Employer Identification Number) is 34-1398522. IRS Form 990 filing data is available on this page for 2019–2025.
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Browse active grant opportunities in Jumpstart Inc's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.