Nonprofit · EIN 82-3351373
BOUNCE INNOVATION HUB
Tax-exempt · AKRON, OH 44311
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,041,831 | $3,696,593 | $345,238 | $2,733,487 | $1,006,170 | $1,727,317 |
| December 31, 2023 | 990 | $4,074,558 | $3,653,947 | $420,611 | $2,283,894 | $894,729 | $1,389,165 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,956,443
- of which government grants
- $2,007,359
- Program service revenue
- $1,017,406
- Investment income
- $21,365
- Net income from fundraising events
- -$16,515
- Other revenue
- $46,617
Expenses
- Grants and similar amounts paid
- $1,500
- Compensation of officers, directors and key employees
- $474,845
- Other salaries and wages
- $706,027
- Salaries, compensation and benefits (total)
- $2,440,682
- Professional fundraising fees
- $0
- Legal fees
- $11,084
- Travel
- $6,713
- Depreciation
- $110,861
- Program services (functional)
- $2,889,363
- Management and general (functional)
- $559,321
- Fundraising (functional)
- $247,909
Balance sheet and other
- Total assets, start of year
- $2,283,894
- Total assets, end of year
- $2,733,487
- Total liabilities, end of year
- $1,006,170
- Net assets, end of year
- $1,727,317
- Land, buildings and equipment
- $1,005,875
- Net assets without donor restrictions
- $1,658,667
- Net assets with donor restrictions
- $68,650
- Gross receipts
- $4,078,120
- Employees
- 26
- Volunteers
- 10
- Year formed
- 2017
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JESSICA SUBLETT | CEO Officer | 40 | $240,000 | $7,625 |
| SUSAN BERG HERMAN | CAO Officer | 40 | $135,000 | $6,375 |
| JENNIFER KELSCH | CFO Officer | 20 | $83,750 | $2,094 |
| HANS DORFI | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MARY TAYLOR | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| LAURA BENNETT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| RJ NEMER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BILLY TAYLOR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DOUG WEINTRAUB | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| VICKI TIFFT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BRADLEY HELFMAN | ASSISTANT SECRETARY Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JESSICA SUBLETT | CEO Officer | 40 | $214,000 | $7,400 |
| SUSAN BERG HERMAN | CAO Officer | 40 | $110,001 | $4,648 |
| JENNIFER KELSCH | CFO Officer | 20 | $75,000 | $625 |
| HANS DORFI | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| JOHN DEARBORN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| DEBORAH HOOVER | BOARD MEMBER Trustee or director, Officer | 3 | $0 | $0 |
| BRADLEY HELFMAN | ASSISTANT SECRETARY Trustee or director | 3 | $0 | $0 |
| LAURA BENNETT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID ZIPPER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| RJ NEMER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BILLY TAYLOR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DOUG WEINTRAUB | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 526 S MAIN ST STE 609E, AKRON, OH 44311-4402
- In care of
- % SAMUEL DESHAZIOR
- Mailing address (990-N for 2018)
- 523 S Main St Suite 609E, Akron OH 44311
- Principal officer (990 for 2024)
- JESSICA SUBLETT, 526 S MAIN ST 609E, AKRON, OH 44311
- Principal officer (990-N for 2018)
- Doug Weintraub, 526 S Main St Suite 609 E, Akron OH 44311
- Signed the 990
- JESSICA SUBLETT, CEO
- Phone
- (330) 785-7403
- Website
- https://bouncehub.org/
- Return prepared by
- SIKICH LLC
Mission
BOUNCE CATALYZES ENTREPRENEURSHIP AND INNOVATION BY PROVIDING CONNECTIONS, RESOURCES AND EXPERTISE TO BUILD A VIBRANT COMMUNITY FOR ALL. BOUNCE PROVIDES SERVICES AND TECHNICAL ASSISTANCE TO EARLY STAGE AND SMALL BUSINESSES.
Program accomplishments
- 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 2024, THE ESP PROGRAM AT BOUNCE SERVED 74 CLIENTS.Expenses $1,656,716 · revenue $125,003
- PLACE AT BOUNCE:BOUNCE INNOVATION HUB IS A COMMUNITY-FACING DESTINATION THAT INCLUDES PUBLIC COWORKING SPACE, PRIVATE OFFICES, RESERVED DESKS, CONFERENCE ROOMS, EVENT AND CLASSROOM SPACE, BUSINESS INCUBATION SPACE INCLUDING LABS, OFFICES, AND LIGHT MANUFACTURING SPACE, AND THE GROUND FLOOR CAF. IN 2024, OVER 14,000 PEOPLE VISITED THE BOUNCE FACILITY FOR EVENTS, NETWORKING, PROGRAMMING, AND MEETINGS WITH RESIDENT COMPANIES. AT THE END OF THE YEAR, 70% OF THE INCUBATOR SPACE WAS OCCUPIED, HOUSING 37 TENANTS. THE COWORKING SPACE HOUSED 28 MEMBERS, WITH NEARLY 400 DAY PASSES SOLD. BOUNCE'S PLACE STRATEGY IS DESIGNED TO BRING TOGETHER ENTREPRENEURS, SMALL BUSINESSES, CORPORATIONS, UNIVERSITIES, AND THE BROADER COMMUNITY TO FOSTER COLLABORATION AND FACILITATE MEANINGFUL CONNECTIONS THAT CATALYZE ECONOMIC DEVELOPMENT.Expenses $996,136 · revenue $952,403
- OTHER ENTREPRENEURIAL PROGRAMMING & ECOSYSTEM WORK:IN ADDITION TO THE ESP PROGRAM, BOUNCE PROVIDES A VARIETY OF OTHER ENTPRENEURIAL SUPPORT PROGRAMS INCLUDING OUR BEYOND STARTUP WORKSHOP SERIES. BEYOND STARTUP OFFERS BI-WEEKLY ACCESSIBLE WORKSHOPS THAT ARE OPEN TO THE COMMUNITY. IN 2024, BOUNCE PARTNERED WITH THE CITY OF AKRON, AKRON URBAN LEAGUE, AND WESTERN RESERVE COMMUNITY FUND TO LAUNCH THE SMALL BUSINESS INITIATIVE (SBI). UNDER SBI, BOUNCE PROVIDED FREE PROFESSIONAL SERVICES TO ENTREPRENEURS LOCATED IN QUALIFIED CENSUS TRACTS IN THE CITY OF AKRON. FURTHER, BOUNCE LEADS THE GREATER AKRON ENTREPRENEURIAL ECOSYSTEM (SPARK AKRON) UNDER THE REGION'S SHARED ECONOMIC DEVELOPMENT STRATEGY "ELEVATE GREATER AKRON". SPARK CONVENES TWO DOZEN ENTREPRENEURIAL SUPPORT ORGANIZATIONS IN GREATER AKRON WHO WORK TOGETHER TO STRENGTHEN THE COLLECTIVE SUPPORT INFRASTRUCTURE FOR THE REGION'S ENTREPRENEURS.Expenses $165,130
- 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.Expenses $71,381 · grants $1,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3351373
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $2,733,487
- Income (IRS master file)
- $4,078,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,041,831 | $3,696,593 | $2,733,487 | IRS |
| 990 | December 2023 | $4,074,558 | $3,653,947 | $2,283,894 | XML |
| 990 | December 2022 | $3,200,814 | $3,533,047 | $1,749,505 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Doug Weintraub | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3351373).
Questions about BOUNCE INNOVATION HUB
- What is the EIN of BOUNCE INNOVATION HUB?
- The employer identification number (EIN) of BOUNCE INNOVATION HUB is 82-3351373.
- Is BOUNCE INNOVATION HUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to BOUNCE INNOVATION HUB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOUNCE INNOVATION HUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BOUNCE INNOVATION HUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOUNCE INNOVATION HUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BOUNCE INNOVATION HUB?
- The 990 for the year ended December 31, 2024 names JESSICA SUBLETT.
- Who are the officers and directors of BOUNCE INNOVATION HUB?
- The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $240,000 (JESSICA SUBLETT, CEO).
- How much revenue does BOUNCE INNOVATION HUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,041,831, expenses of $3,696,593 and total assets of $2,733,487 at year end.
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- WELL COMMUNITY DEVELOPMENT CORPORATION EIN 81-2680851 · last filed 990 for 2024
- AKRON COMMUNITY DEVELOPMENT ASSOCIATION INC EIN 34-1965936 · last filed 990 for 2025
- DEVELOPMENT FUND OF THE WESTERN RESERVE INC EIN 45-2495397 · last filed 990 for 2024
- WESTERN RESERVE COMMUNITY FUND INC EIN 83-3858451 · last filed 990 for 2024
- DOWNTOWN AKRON PARTNERSHIP INC EIN 34-1823835 · last filed 990 for 2025
- DOWNTOWN AKRON SPECIAL IMPROVEMENT DISTRICT INC EIN 34-1898873 · last filed 990 for 2025
- URBAN VISION EIN 34-1720630 · last filed 990 for 2025
All nonprofits in AKRON · Ohio · Community improvement and capacity building