Civic Intelligence

Bounce Innovation Hub

990 • Fiscal year 2019 • EIN 82-3351373

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

Organization ProfileBOUNCEHUB.ORG
526 S Main St No 609EAkron, OH 44311

(234) 900-5961

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.42x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.30x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$264,962

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

37%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$2,025,826

Up $867,445 (+75%) from 2018

Net Assets

Up

$1,181,754

Up $421,378 (+55%) from 2018

Liabilities

Up

$844,072

Up $446,067 (+112%) from 2018

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin72nd percentile

Revenue

Up

$2,799,178

Up $753,342 (+37%) from 2018

Expenses

Up

$2,376,690

Up $1,091,230 (+85%) from 2018

Net Income

Down

$422,488

Down $337,888 (-44%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2018: $1,158,381Liabilities 2018: $398,005Net Assets 2018: $760,3762018Assets 2019: $2,025,826Liabilities 2019: $844,072Net Assets 2019: $1,181,7542019Assets 2020: $2,024,096Liabilities 2020: $773,440Net Assets 2020: $1,250,6562020Assets 2021: $1,997,526Liabilities 2021: $758,571Net Assets 2021: $1,238,9552021Assets 2022: $1,749,505Liabilities 2022: $842,783Net Assets 2022: $906,7222022Assets 2023: $2,283,894Liabilities 2023: $894,729Net Assets 2023: $1,389,1652023Assets 2024: $2,733,487Liabilities 2024: $1,006,170Net Assets 2024: $1,727,3172024

Highlighted filing

2019

Assets$2,025,826
Liabilities$844,072
Net Assets$1,181,754
Open 2019 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $2,045,836Expenses 2018: $1,285,460Net Income 2018: $760,3762018Revenue 2019: $2,799,178Expenses 2019: $2,376,690Net Income 2019: $422,4882019Revenue 2020: $2,950,086Expenses 2020: $2,881,184Net Income 2020: $68,9022020Revenue 2021: $3,096,844Expenses 2021: $3,201,308Net Income 2021: -$104,4642021Revenue 2022: $3,200,814Expenses 2022: $3,533,047Net Income 2022: -$332,2332022Revenue 2023: $4,074,558Expenses 2023: $3,653,947Net Income 2023: $420,6112023Revenue 2024: $4,041,831Expenses 2024: $3,696,593Net Income 2024: $345,2382024

Highlighted filing

2019

Revenue$2,799,178
Expenses$2,376,690
Net Income$422,488
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$2,799,178
Mission and Program Overview

Mission

Bounce hub is akron's first open innovation hub, providing services and programs to help any and all with a mind for innovation to make their visions a reality. This includes educational programming for entrepreneurs and university students.

Provide services and programs to anyone with a mind for innovation to make their visions a reality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$315,189$1,042,194▲ $727,005
Investments Program Related$105,002$427,002▲ $322,000
Pledges and Grants Receivable$30,000$329,838▲ $299,838
Cash and Non-Interest-Bearing Accounts$280,078$147,376▼ $132,702
Accounts Receivable$404,021$36,306▼ $367,715
Prepaid Expenses and Deferred Charges-$26,690-
Intangible Assets$23,446$14,920▼ $8,526
Total Assets$1,158,381$2,025,826▲ $867,445
Other Assets Total$645$1,500▲ $855
Liabilities
Unsecured Notes Loans Payable-$623,292-
Accounts Payable and Accrued Expenses$251,924$190,264▼ $61,660
Deferred Revenue$10,405$18,964▲ $8,559
Other Liabilities$135,676$11,552▼ $124,124
Total Liabilities$398,005$844,072▲ $446,067
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$760,376$771,042▲ $10,666
Net Assets With Donor Restrictions-$410,712-
Total Net Assets Fund Balance$760,376$1,181,754▲ $421,378
Total Liabilities and Net Assets / Fund Balance$1,158,381$2,025,826▲ $867,445

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$775,907$90,445$866,352
Leasehold Improvements$266,287$21,152$287,439
Investment Program Related Org$427,002--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug WeintraubCEOFT$219,158$45,804$264,962
Jessica SublettCOOFT$115,000-$115,000

Board Members and Trustees

NameTitle
Deborah HooverBoard Chair
David ZipperBoard Member
Ken BabbyBoard Member
Laura BennettBoard Member
Steve CharlesBoard Member
Woodrow NashBoard Member
John DearbornTreasurer
Phil BrennanTreasurer (thru 4/19)
Revenue and Support

Revenue Composition

Contributions and Grants
$2,118,239
Program Service Revenue
$627,890
Investment Income
$0
Other Revenue
$53,049
All Other Contributions
$622,570
Change in Net Assets
$422,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,336,551
Salaries, Compensation, and Employee Benefits$1,040,139
Total Fundraising Expense$260,287
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$350,268$176,692$133,218$660,178
Current Officers, Directors, Trustees, and Key Employees$201,594$101,694$76,673$379,961
Fees for Services Other$210,042$34,101$30,418$274,561
Depreciation Depletion$118,795--$118,795
Advertising$58,891$18,995-$77,886
Fees for Services Legal$28,914$17,741$15,826$62,481
Other Expenses$26,426$1,334-$27,760
Interest$12,778--$12,778
Travel$3,113$1,657$4,152$8,922
Office Expenses-$2,648-$2,648
Total Functional Expenses$1,717,886$398,517$260,287$2,376,690
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$11,552
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The organization's code of regulations was amended to allow for a maximum of 9 board members, up from 5.”

Form 990, Part VI, Section B, Line 11B

“Form 990 will be reviewed by staff, then provided to the board for review and approval via email vote.”

Form 990, Part VI, Section B, Line 12C

“Annual conflict of interest statements are signed by all board members and senior staff.”

Form 990, Part VI, Section B, Line 15

“Line 15a: the board of directors, as a group, identifies the appropriate compensation level for the ceo based on typical industry compensation levels for similar organizations compared to the experience level and job description. Line 15b: the chief executive office and the chief operating officer jointly determine the compensation levels for all other employees by comparing the typical industry compensation levels for the respective positions within similar organizations to bounce compared to the experience levels and job descriptions of each employee.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Bounce Innovation Hub
EIN
82-3351373
Phone
2349005961
Address
526 S MAIN ST NO 609E, AKRON, OH 44311

Signing Officer

Name
Douglas Weintraub
Title
CEO
Phone
2349005961
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Weintraub
Formed
2017
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
20

Preparer

Firm
Sikich Llp
Address
274 WHITE POND DRIVE, AKRON, OH 44320-1118
Preparer
Jill M Boyle CPA
Phone
3308646661
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Bounce launched two new programs in 2019. The first, grow, is a multi-tiered small business development program focused on serving minority and female entrepreneurs. The second is bounce's generator, which is a public floor focused on creating a culture of collaboration and entrepreneurship.”

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 210,042. Management and general expenses 34,101. Fundraising expenses 30,418. Total expenses 274,561.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under the current provisions of section 501(c)(3) of the internal revenue code. Accordingly, the organization has not recorded provisions for federal and state income taxes. The organization is not classified as a private foundation.”

Raw XML AppendixShowing 400 of 482 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0350268
IRS990/OtherSalariesAndWagesGrp/TotalAmt0660178
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0329838
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026690
IRS990/PrincipalOfficerNm0DOUGLAS WEINTRAUB
IRS990/PriorPeriodAdjustmentsAmt0-1110
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0INCUBATOR AND PDA PROG
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0627890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0627890
IRS990/ProgSrvcAccomActy2Grp/Desc0GENERATOR SPACE:BOUNCE'S GENERATOR SPACE CONSISTS OF A PUBLIC COWORKING SPACE, CONFERENCE ROOMS, EVENT SPACE, WORKSHOP, AND CAFE. IN 2019, OVER 12,500 PEOPLE VISITED THE BOUNCE FACILITY FOR EVENTS, NETWORKING, AND MEETINGS WITH RESIDENT COMPANIES. THE GENERATOR IS DESIGNED TO CONNECT THE COMMUNITY, CORPORATIONS, AND UNIVERSITIES WITH THE ENTREPRENEURIAL ECOSYSTEM AND TO FACILITATE MEANINGFUL COLLISIONS THAT CATALYZE ECONOMIC DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0326333
IRS990/ProgSrvcAccomActy3Grp/Desc0GROW:BOUNCE'S GROW PROGRAM SERVES SMALL BUSINESSES THROUGH COHORT TRAINING CLASSES, ONE-ON-ONE BUSINESS COUNSELING, AND NETWORKING OPPORTUNITIES. THE GROW PROGRAM IS FOCUSED ON SERVING MINORITY ENTREPRENEURS AND PEOPLE OF COLOR, PARTICULARLY THOSE WHO ARE HISTORICALLY UNDERREPRESENTED AS BUSINESS OWNERS. IN 2019, BOUNCE SERVED 42 CLIENTS THROUGH ITS GROW PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0150400
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01359844
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0641464
IRS990/PYOtherRevenueAmt03979
IRS990/PYProgramServiceRevenueAmt0682013
IRS990/PYRevenuesLessExpensesAmt0760376
IRS990/PYSalariesCompEmpBnftPaidAmt0643996
IRS990/PYTotalExpensesAmt01285460
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02045836
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0422488
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0627890
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2018 AMOUNT: $ 3,979. 2019 AMOUNT: $ 53,049.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02118239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01359844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03478083
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0238998
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0266776
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0505774
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01309903
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt053049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03979
IRS990ScheduleA/OtherIncome170Grp/TotalAmt057028
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03686931
IRS990ScheduleA/SubstantialContributorsTotAmt0296926
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02357237
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01626620
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03983857
IRS990ScheduleA/TotalSupportAmt04040885
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0775907
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090445
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0866352
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0427002
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0BIT FACTORY INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0266287
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021152
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0287439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE CURRENT PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED PROVISIONS FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01042194
IRS990ScheduleD/TotalBookValueProgramRltdAmt0427002
IRS990ScheduleD/TotalLiabilityAmt011552
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0219158
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount043604
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUG WEINTRAUB
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0264962
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOUNCE LAUNCHED TWO NEW PROGRAMS IN 2019. THE FIRST, GROW, IS A MULTI-TIERED SMALL BUSINESS DEVELOPMENT PROGRAM FOCUSED ON SERVING MINORITY AND FEMALE ENTREPRENEURS. THE SECOND IS BOUNCE'S GENERATOR, WHICH IS A PUBLIC FLOOR FOCUSED ON CREATING A CULTURE OF COLLABORATION AND ENTREPRENEURSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CODE OF REGULATIONS WAS AMENDED TO ALLOW FOR A MAXIMUM OF 9 BOARD MEMBERS, UP FROM 5.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WILL BE REVIEWED BY STAFF, THEN PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL VIA EMAIL VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY ALL BOARD MEMBERS AND SENIOR STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 15A: THE BOARD OF DIRECTORS, AS A GROUP, IDENTIFIES THE APPROPRIATE COMPENSATION LEVEL FOR THE CEO BASED ON TYPICAL INDUSTRY COMPENSATION LEVELS FOR SIMILAR ORGANIZATIONS COMPARED TO THE EXPERIENCE LEVEL AND JOB DESCRIPTION. LINE 15B: THE CHIEF EXECUTIVE OFFICE AND THE CHIEF OPERATING OFFICER JOINTLY DETERMINE THE COMPENSATION LEVELS FOR ALL OTHER EMPLOYEES BY COMPARING THE TYPICAL INDUSTRY COMPENSATION LEVELS FOR THE RESPECTIVE POSITIONS WITHIN SIMILAR ORGANIZATIONS TO BOUNCE COMPARED TO THE EXPERIENCE LEVELS AND JOB DESCRIPTIONS OF EACH EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 210,042. MANAGEMENT AND GENERAL EXPENSES 34,101. FUNDRAISING EXPENSES 30,418. TOTAL EXPENSES 274,561.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0BOUNCE INNOVATION HUB
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0BIT FACTORY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0825086858
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0427002
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0SINGLE MEMBER LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0100000
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0526 S MAIN ST STE 511
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0AKRON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd044311
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,025,826
Liabilities
$844,072
Net assets
$1,181,754
Revenue
$2,799,178
Expenses
$2,376,690
Net income
$422,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.73$1.01$1.73$4.04$3.70$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.89$1.39$4.07$3.65$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.84$0.91$3.20$3.53$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.76$1.24$3.10$3.20$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.77$1.25$2.95$2.88$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.03$0.84$1.18$2.80$2.38$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.40$0.76$2.05$1.29$0.76