2024-11-14T08:49:07-06:00 2023-12-31 363168081 SIKICH LLC 4020 KINROSS LAKES PARKWAY SUITE 300 RICHFIELD OH 44286 990 2023-01-01 823351373 BOUNCE INNOVATION HUB BOUN 3307857403 526 S MAIN ST 609E AKRON OH 44311 JESSICA SUBLETT CEO 3307857403 2024-11-12 1 0 BRIDGETTE MUGGE P00671418 3308646661 2024-11-12 2023 2024-10-15 13:58:12Z JESSICA SUBLETT 526 S MAIN ST 609E AKRON OH 44311 4091393 0 X BOUNCEHUB.ORG X 2017 OH PROVIDE SERVICES AND PROGRAMS TO ANYONE WITH A MIND FOR INNOVATION TO MAKE THEIR VISIONS A REALITY. 9 9 26 10 0 0 2108580 3169674 1080368 1063517 6331 3598 5535 -162231 3200814 4074558 33250 18000 0 0 2183932 2412246 0 0 145732 1315865 1223701 3533047 3653947 -332233 420611 1749505 2283894 842783 894729 906722 1389165 BOUNCE CATALYZES ENTREPRENEURSHIP AND INNOVATION BY PROVIDING CONNECTIONS, RESOURCES AND EXPERTISE TO BUILD A VIBRANT COMMUNITY. BOUNCE PROVIDES SERVICES AND TECHNICAL ASSISTANCE TO EARLY STAGE AND SMALL BUSINESSES FOR ALL. 0 0 2639930 18000 875529 ENTREPRENEURIAL SERVICE PROVIDER (ESP) PROGRAM:BOUNCE'S ESP PROGRAM OFFERS AFFORDABLE OFFICE, LAB, AND LIGHT MANUFACTURING SPACE COUPLED WITH EXPERT BUSINESS COUNSELING AND ADVISING, MENTORING SERVICES, AND NETWORKING OPPORTUNITIES. THE ESP PROGRAM ALSO PROVIDES ADVISING, TECHNICAL ASSISTANCE, COACHING, AND NETWORKING OPPORTUNITIES TO EARLY STAGE SOFTWARE COMPANIES IN ORDER TO ASSIST THEM IN DEVELOPING AND LAUNCHING THEIR FIRST MINIMUM VIABLE PRODUCT. IN 2023, THE ESP PROGRAM AT BOUNCE SERVED 76 CLIENTS. 108800 GENERATOR SPACE:BOUNCE'S GENERATOR SPACE CONSISTS OF A PUBLIC COWORKING SPACE, CONFERENCE ROOMS, EVENT SPACE, WORKSHOP, AND CAF. IN 2022, 16,600 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. 221401 GROW: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. 2970131 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 42 0 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X JESSICA SUBLETT 3307857403 526 S MAIN ST 609E AKRON OH 44311 HANS DORFI CHAIR 4.00 X X 0 0 0 JOHN DEARBORN TREASURER 3.00 X X 0 0 0 DEBORAH HOOVER BOARD MEMBER 3.00 X X 0 0 0 BRADLEY HELFMAN ASSISTANT SECRETARY 3.00 X 0 0 0 LAURA BENNETT BOARD MEMBER 3.00 X 0 0 0 DAVID ZIPPER BOARD MEMBER 3.00 X 0 0 0 RJ NEMER BOARD MEMBER 3.00 X 0 0 0 BILLY TAYLOR BOARD MEMBER 3.00 X 0 0 0 DOUG WEINTRAUB BOARD MEMBER 3.00 X 0 0 0 JESSICA SUBLETT CEO 40.00 X 214000 0 7400 SUSAN BERG HERMAN CAO 40.00 X 110001 0 4648 JENNIFER KELSCH CFO 20.00 X 75000 0 625 399001 0 12673 2 0 1 0 WAVE STRATEGY 6001 EUCLID AVE CLEVELAND OH 44103 ESP PROGRAM 188450 EVERLOOK 526 S MAIN ST SUITE 9X AKRON OH 44311 ESP PROGRAM 154080 PROJECT MEDTECH CONSULTING 1468 W 9TH ST SUITE 100 CLEVELAND OH 44113 ESP PROGRAM 153172 STAMBAUGH CONSULTING 310 TERRA VERDE AVE COLUMBIANA OH 44408 ESP PROGRAM 120010 4 41921 2221999 905754 3169674 INCUBATOR AND PDA PROG 532000 1063517 1063517 1063517 3598 3598 14525 41921 16835 -2310 -2310 IMPAIRMENT RESERVE REC 900099 25000 25000 MISCELLANEOUS 900099 3067 3067 INV LOSS-START-UP COMP 900099 -187988 -187988 -159921 4074558 875529 0 29355 18000 18000 411675 156560 176561 78554 998983 758306 199940 40737 13087 12526 561 893406 893406 95095 74725 15474 4896 20205 3000 17205 57824 14783 43041 41485 6180 26479 8826 11900 11900 5291 5291 17220 17220 182005 182005 BUILDING OPERATIONS 802745 787889 7428 7428 PROGRAM EXPENSE 45531 45531 MISCELLANEOUS 39495 39495 3653947 2970131 538084 145732 224484 493035 150030 51336 193813 871749 119382 24078 4835 1331951 839699 614031 492252 447765 346609 1749505 2283894 357044 456444 6506 8699 451350 399817 27883 29769 842783 894729 X 519523 1004940 387199 384225 906722 1389165 1749505 2283894 420611 61832 0 X X 0 1 X 1 0 X 2118239 2135494 2188276 2108580 3169674 11720263 238998 56000 56000 56000 56000 462998 2357237 2191494 2244276 2164580 3225674 12183261 1511429 10671832 3 6331 3598 9932 53049 700 2200 8636 28067 92652 12285845 4498426 0.86860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 53,049. 2020 AMOUNT: $ 700. 2021 AMOUNT: $ 2,200. 2022 AMOUNT: $ 8,636. 2023 AMOUNT: $ 28,067. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 409609 143135 266474 905842 696564 209278 16500 16500 492252 BIT FACTORY INVESTMENTS 346609 C 346609 SECURITY DEPOSIT 29769 29769 X PART X, LINE 2: BOUNCE INNOVATION HUB AND THE BIT FACTORY ARE 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. BOUNCE INNOVATION HUB AND THE BIT FACTORY ARE NOT CLASSIFIED AS PRIVATE FOUNDATIONS. THE ORGANIZATION FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY TO COVER UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S RETURNS FOR TAX YEARS 2020 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. START UP SHOWCASE 47786 41921 5865 7344 400 4341 PERFECT PAIRINGS 8660 8660 4750 56446 41921 14525 7344 400 9091 16835 -2310 0 AWARDS 8 15000 GROW MICRO GRANTS 12 3000 X X 0 0 0 0 0 0 0 1 0 JESSICA SUBLETT CEO 180000 0 34000 0 0 0 4500 0 2900 0 221400 0 0 0 PART I, LINE 7 CEO AND COO RECEIVED DISCRETIONARY PERFORMANCE BONUSES THAT WERE DETERMINED BASED ON OVERALL PERFORMANCE OF ORGANIZATION AND WERE DETERMINED BY THE BOARD OF DIRECTORS 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 OFFICER 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. FORM 990, PART IV, LINE 12A AND FORM 990, PART XII, LINE 2B: THE BOARD HAS REVIEWED AND APPROVED THE INTERNAL CONTROLS THAT ARE IN PLACE. BIT FACTORY LLC 526 S MAIN ST STE 511 AKRON OH 44311 825086858 SINGLE MEMBER LLC OH -101156 346609 BOUNCE INNOVATION HUB