BOUNCE INNOVATION HUB

AKRON, OH, 44311-4402 (234) 900-5961 Est. 2017 EIN 82-3351373

S31 - Urban & Community Economic Development 990 - Public charity return 501(c)(3)

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.

Financials

Total Revenue

$4,041,831

Total Expenses

$3,696,593

Net Assets

$1,727,317

26 employees 10 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

5.6 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 0.8%

Expenses ↑ 1.2%

Revenue Sources

Contributions 73.1% Earned revenue 25.2% Investment 0.5% Other 1.0%

Expense Breakdown

Program 78.2% Management 15.1% Fundraising 6.7%

Officers & Key Employees (11)

Sign up free to see all officers. Individual compensation is available on Grow plans.

Grants Received (33)

Looking for funders for your nonprofit? Sign up free to find foundations open to applications.

Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$4,041,831 ↓	$3,696,593	$1,727,317
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$4,074,558 ↑	$3,653,947	$1,389,165
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$3,200,814 ↑	$3,533,047	$906,722
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$2,950,086 ↑	$2,881,184	$1,250,656
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$2,799,178 ↑	$2,376,690	$1,181,754
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$2,045,836	$1,285,460	$760,376