The Youngstown Edison Business Incubator logo

The Youngstown Edison Business Incubator

Public charity · Grantmaker Youngstown, OH EIN: 34-1751707 Website

The Youngstown Edison Business Incubator (YBI) is a public charity based in Youngstown, Ohio. It supports business formation and growth through entrepreneurship services, technology commercialization, and resources for startups and manufacturers; its 2024 filing also reports grants to businesses and other organizations.

Key facts about The Youngstown Edison Business Incubator

In short: The Youngstown Edison Business Incubator gave $453K across 21 grants in 2024 (avg $22K), mostly in Ohio. 70% of 2024 grantees were new. Source: 2024 IRS Form 990.

EIN
34-1751707
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$453,300
Grants made (2024)
21
Average grant
$21,586
Median grant
$11,850
New grantees (estimate)
70% first-time grantees (14 of 20, 2024)
Total assets
$16,302,782
Primary geography
Ohio (87% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$16.3M

+20.0% YoY

Annual Giving

$453K

-15.7% YoY

Grant Count

21

+162.5% YoY

Avg Grant Size

$22K

-67.9% YoY

Is The Youngstown Edison Business Incubator open to new grantees?

70%

first-time grantees, 2024

In 2024, 14 of 20 grantees (70%) were first-time recipients. First grants averaged $11K; repeat grants $51K. How we count

Medians: $10K first-time, $22K repeat.

  • 20% of 2024 grantees were also funded in 2023. Method
  • Giving fell 46% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

In its 2024 filing, YBI states that its mission is to cultivate and accelerate the formation, growth, commercialization, and innovation of technology-based businesses by providing entrepreneurial services and resources. The filing describes its program purpose as accelerating business formation and job creation and assisting the revitalization and growth of the Mahoning Valley.

YBI’s website also states a mission to support diverse ideas, technologies, and leaders. Its services include startup mentorship and business development, technology commercialization, and assistance to Ohio manufacturers exploring additive manufacturing. The website says its programs reach across northeast Ohio’s 21 counties.

Grantmaking

How to Apply

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Geographic Focus

Where this funder awards grants

YBI is based in Youngstown, Ohio. Its website says its entrepreneurship programs reach across 21 counties in northeast Ohio. For its 2024 grant dollars, the filing reports recipients in Ohio (87%), Pennsylvania (9%), Kentucky (2%), Illinois (1%), and Iowa (1%).

YBI’s website says Valley Growth Ventures can invest anywhere in Ohio, with priority given to businesses in the Mahoning Valley. This is a description of that investment fund, not a statement of the geographic limits for all YBI grants.

Grant Distribution by State

10states

Share of 2024 grant dollars across all 21 itemized grants.

Cities

YoungstownClevelandColumbianaWarrenAmbridgePolandRichfieldAkronAtlantaBeavercreekHoustonKentMorris PlainsAmsterdamBoardmanCedar FallsChandlerDoverDysartGlendale Heights

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M15 grants2020 17 grants2021 6 grants2022 8 grants2023 21 grants2024

From 2020 to 2024, annual grant giving ranged from $401K (2022) to $927K (2020). In 2024 it made 21 grants totaling $453K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Defense & Energy Systems LLC: $181KDefense & Energy Systems LLC$181KBrite Energy Innovators: $65KBrite Energy Innovators$65KParamount Pursuits: $35KParamount Pursuits$35KAlloy Precision Technologies Inc: $13KAlloy Precision TechnologiesInc$13KKiraly Tool and Die Inc: $13KKiraly Tool and Die Inc$13KMagnetic Analysis Corporation: $13KMagnetic Analysis Corporation$13KMaradyne Corporation: $13KMaradyne Corporation$13KWaterlox Coatings Corporation: $13KWaterlox Coatings Corporation$13KXaloy: $13KXaloy$13KMagnet: $10KMagnet$10K

The largest 2024 recipient was Defense & Energy Systems LLC ($181K). Together the top 10 received $366K.

Organizations only. It also paid 2 grants to individuals ($29,360), which are not listed by name.

Grant Size Distribution

67 grants across all recorded years

45<$50K15$50–100K6$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 45 grants of 67 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Defense & Energy Systems LLC Poland, OHGrant Subrecipient$181,335
Brite Energy Innovators Warren, OHGrant Subrecipient$64,600
Paramount Pursuits Ambridge, PAGrant Subrecipient$34,983
2 grants to individuals Recipients not named —$29,360
Alloy Precision Technologies Inc Mentor, OHGrant Award Winner$12,500
Kiraly Tool and Die Inc Youngstown, OHGrant Award Winner$12,500
Magnetic Analysis Corporation Youngstown, OHGrant Award Winner$12,500
Maradyne Corporation Cleveland, OHGrant Award Winner$12,500
Waterlox Coatings Corporation Cleveland, OHGrant Award Winner$12,500
Xaloy Youngstown, OHGrant Award Winner$12,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants reported
2024 $16,302,782 $7,546,159 $4,919,001 $453,300
2023 $13,587,099 $4,194,472 $4,319,596 $537,981
2022 $14,366,290 $4,125,884 $4,483,457 $401,348
Revenue
Expenses
$0$2.5M$5M$7.5M$10M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$16,302,782$13,587,099$14,366,290
Revenue$7,546,159$4,194,472$4,125,884
Expenses$4,919,001$4,319,596$4,483,457

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists John Reed as chairperson; Evan Morrison as vice chairperson; Chris Mediate as treasurer; Stuart A Strasfeld as secretary; and Sam Huston as an executive committee member. It also lists Jeff Barber, Joe Chahine, Elle Clementi, Michelle Crawford, and James Dascenzo as members.

The Youngstown Edison Business Incubator is led by Barb Ewing, CEO on every filing since 2020; 3 of 27 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Barb Ewing

    CEO

    On filings since 2020

    40 hrs/week

    $127K (2020) → $159K (2024)

  • John Reed

    Chairperson

    Member → Executive Committee Member, 2021

    Executive Committee Member → Chairperson, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Stephanie Gaffney

    Vp-Adv.manufacturing Program

    Dir.-Adv.manufacturing Programs → Dir.-Adv.manufacturing Program, 2021

    Dir.-Adv.manufacturing Program → Vp-Adv.manufacturing Program, 2023

    On filings since 2020

    40 hrs/week

    $108K (2020) → $128K (2024)

  • Colleen Kelly

    Senior Vice President

    On filings since 2023

    40 hrs/week

    $110K (2023) → $105K (2024)

  • Bob Wollet

    Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Bonnie Deutsch Burdman

    Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Brian Jackson

    Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Brien Smith

    Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Evan Morrison

    Vice Chairperson

    On filings since 2020

    1 hr/week

    No compensation reported

  • James Dascenzo

    Member

    Chairperson → Treasurer, 2023

    Treasurer → Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jeff Barber

    Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Joe Chahine

    Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Michael Garvey

    Member

    Member → Executive Committee Member, 2021

    Executive Committee Member → Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Paul Olivier

    Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Stuart A. Strasfeld

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Hasheen Wilson

    Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Kelly Wilkinson

    Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Michelle Crawford

    Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Sam Huston

    Executive Committee Member

    Member → Executive Committee Member, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Lena Esmail

    Member

    On filings since 2022

    1 hr/week

    No compensation reported

  • Chris Mediate

    Treasurer

    Member → Treasurer, 2024

    On filings since 2023

    1 hr/week

    No compensation reported

  • Stephanie Gilchrist

    Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Doug Ross

    Member

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Elle Clementi

    Member

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • John McNally

    Member

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Paul Horning

    Member

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Will Rauber

    Member

    New on the 2024 filing

    1 hr/week

    No compensation reported

Former officers (5)
  • Former: Elle Hendricks (2023) — Member
  • Former: William Shivers (2020–2021) — Treasurer
  • Former: Anthony Seminaro (2020) — Member
  • Former: Ken Frank (2020) — Member
  • Former: Sharon Woodberry (2020) — Member

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Barb Ewing — CEO: $159KBarb EwingCEO$159KStephanie Gaffney — VP-Adv.manufacturing Pro: $128KStephanie GaffneyVP-Adv.manufacturing Pro$128KColleen Kelly — Senior VP: $105KColleen KellySenior VP$105K

The highest reported compensation on the 2024 filing was $159K, to Barb Ewing (CEO). 3 officers or directors reported compensation on that filing.

Contact

Mailing address: 241 Federal Plaza West, Youngstown, OH 44503
Phone: (330) 746-5003
Website: https://ybi.org

Frequently asked questions about The Youngstown Edison Business Incubator

How much does The Youngstown Edison Business Incubator give each year?

The Youngstown Edison Business Incubator gave $453K across 21 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $538K across 8 grants.

What is The Youngstown Edison Business Incubator's typical grant size?

The Youngstown Edison Business Incubator's median grant in 2024 was $11,850, and its average grant was $21,586, across 21 grants on its 2024 IRS Form 990. Organizations receiving their first grant from The Youngstown Edison Business Incubator that year got $11K on average.

Where does The Youngstown Edison Business Incubator give grants?

The Youngstown Edison Business Incubator gives mostly in Ohio: 87% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Pennsylvania (9%). The most frequent recipient cities were Youngstown, OH (4 grants), Cleveland, OH (4 grants) and Poland, OH (2 grants).

Does The Youngstown Edison Business Incubator give general operating support?

Not in 2024: none of the 21 grants with a stated purpose on The Youngstown Edison Business Incubator's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Grant Subrecipient" (12 grants) and "Grant Award Winner" (9 grants).

Who are The Youngstown Edison Business Incubator's largest grantees?

The Youngstown Edison Business Incubator's largest 2024 grantees include Defense & Energy Systems LLC ($181,335), Brite Energy Innovators ($64,600) and Paramount Pursuits ($34,983), according to its 2024 IRS Form 990. It also paid 2 grants to individuals ($29,360), which are not listed by name. Together they received 62% of its itemized 2024 grant dollars.

How large is The Youngstown Edison Business Incubator?

The Youngstown Edison Business Incubator reported $16.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $7.5M.

What does The Youngstown Edison Business Incubator fund?

In its 2024 filing, YBI states that its mission is to cultivate and accelerate the formation, growth, commercialization, and innovation of technology-based businesses by providing entrepreneurial services and resources. See mission & focus areas ↑

How do I apply for a grant from The Youngstown Edison Business Incubator?

The Youngstown Edison Business Incubator has no public application process in the sources Grantable reviewed. Check ybi.org for current guidelines, or contact the foundation directly before submitting a request.

What is The Youngstown Edison Business Incubator's EIN?

The Youngstown Edison Business Incubator's EIN (Employer Identification Number) is 34-1751707. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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