Jumpstart Inc.

“Jumpstart's sole members are teamneo and case western reserve university who may appoint one trustee per each member to the board of directors.”

“Refer to response regarding team members.”

“Process used to review the form 990: copies of the completed forms are provided to the members of the finance and audit committee, and a meeting is held before the filing of the returns. The chief financial officer presents the returns for review and comment by the committee. The auditors prepare the return and are invited to the meeting with attendance at their discretion. All pertinent form responses and financial schedules are presented for comment and explanation. Upon full review and approval by the committee, the returns are shared with the full board of directors and approved for filing, which will take place on a timely basis subsequent to the approval.”

“Compliance with conflict of interest policy: jumpstart staff and the board of directors follow its conflict-of-interest procedure throughout the year. After an initial review by the chief financial officer, the finance/audit committee of the board of directors reviews all staff and board conflict of interest disclosure forms to determine any that may warrant further investigation or internal control steps. In the event there are any, these steps are communicated to the board and staff so that all are aware of any potential conflicts that could arise during the normal course of business. Suppose the conflict is such that an individual is deemed to be terminally conflicted. In that case, that person must resolve the conflict, which could mean steps up to and including resignation from the board of directors or employment with jumpstart inc. The most likely situation for an individual is a perceived conflict of interest, which results in that individual disclosing this situation during the normal course of business and subsequently recusing themselves from a vote or decision of the organization. The organization and its staff have a history of active monitoring of such situations. In the case of the board of directors and its committees, the minutes from meetings and voting records identify when a member recuses themselves due to the perceived conflicts of interest. In the case of staff, it is common for an employee to contact their supervisor and the chief financial officer, when a question arises. The issue is discussed, and, in most cases, the chief financial officer provides the employee with interpretation and instructions on how to proceed based on the description of the situation. These activities take place via conversations as well as digitally at times using e-mail. If a situation is complex or unclear, it is elevated to the finance/audit committee for a decision, with e-mail being the usual vehicle to do so. The organization also conducts annual training on compliance with our conflict of interest polices and educates new employees during orientation on all internal controls related to conflict of interest, ethics, whistleblowers, fraud prevention, and accounting policies.”

“Determining compensation of ceo, executive director, or top management official: jumpstart's ceo and human resources department, with support of the line of business leaders, are responsible for approving the entire organization's compensation each year. For the senior staff of the organization, including the ceo, jumpstart utilizes an outside compensation consultant periodically to perform a compensation analysis. It gathers comparable salary data from similar organizations across peer group industries. The salary and performance compensation history for any new key leadership position being evaluated is also shared with the ceo so that the historical total compensation progression can be taken into account when considering any changes forward in the future. The executive committee analyzes all budgeted compensation data and meets with the jumpstart ceo to gain an understanding of the organization's recommended salary for the next budget year based on all factors, including achievement of individual and organizational objectives, supervisory reviews and recommendations, and any other circumstances presented. Annually, the board retreats and independently renders its recommendation for compensation for jumpstart's ceo based on the ceo's performance and conduct, and communicates that recommendation to the ceo and independently to the payroll department of the organization.”

“The organization shares information that falls within parameters agreed upon by our funders, clients, and portfolio companies. The most recently filed form 990 is posted on jumpstart's website. Governing documents and policies are not generally available to the public, although the ohio secretary of the state website provides public access to jumpstart's governing documents.”

“Consultants/students/temp services: program service expenses 11,225,811. Management and general expenses 391,184. Fundraising expenses 79,976. Total expenses 11,696,971.”