AKRON, OH
Bounce Innovation Hub
Quick Facts
- EIN
- 82-3351373
- Location
- AKRON, OH
- Category
- Community Development
- NTEE Code
- S31
- Total Assets
- $2.7M
- Annual Income
- $4.1M
- Annual Revenue
- $4M
- IRS Ruling Year
- 2018
- Tax Subsection
- 501(c)(03)
About This Organization
Bounce Innovation Hub is a nonprofit organization based in AKRON, OH. It received its IRS tax-exempt ruling in 2018. The organization is classified under IRC Section 501(c)(03). It operates in the area of community development. Total assets are reported at $2.7M. Annual income is $4.1M. The organization has received $1.8M in foundation grants from 7 funders. It has received $1.8M in federal awards from 2 agencies.
Grants Received from Foundations
Foundation grants awarded to Bounce Innovation Hub, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Burton D Morgan Foundation Inc. | $544K | 2023 | TO SUSTAIN EXISTING PROGRAMMING AND TO PURCHASE EQUIPMENT / OUTFIT CLASSROOMS |
| Burton D Morgan Foundation Inc. | $283K | 2022 | Exempt purpose of organization |
| Burton D Morgan Foundation Inc. | $283K | 2022 | Exempt purpose of organization |
| Premier Bank Foundation | $17K | 2022 | CHARITABLE |
| Premier Bank Foundation | $17K | 2022 | CHARITABLE |
| Premier Bank Foundation | $2K | 2022 | SPONSORSHIP |
| Premier Bank Foundation | $2K | 2022 | SPONSORSHIP |
| Chubb Charitable Foundation | $1K | 2022 | Matching Gifts |
| Burton D Morgan Foundation Inc. | $265K | 2021 | for 2021 entrepreneurial programming |
| Burton D Morgan Foundation Inc. | $28K | 2021 | to support an EIR program for entrepreneurs of color |
| Premier Bank Foundation | $18K | 2021 | CHARITABLE |
| Verizon Foundation | $10K | 2021 | GENERATING REAL OPPORTUNITIES & WEALTH (GROW) |
| Dominion Energy Charitable Foundation | $10K | 2021 | GROW PROGRAM |
| Burton D Morgan Foundation Inc. | $253K | 2020 | to support strategic planning and programming (the incubator, software accelerator, GROW, and Northeast Ohio Student Venture Fund) in 2020 |
| Gar Foundation | $85K | 2020 | GENERAL SUPPORT |
| Fred And Laura Ruth Bidwell Foundation | $10K | 2020 | CURATED STOREFRONT |
| Burton D Morgan Foundation Inc. | $10K | 2020 | to support efforts to bring a non-tech accelerator to Akron |
| Burton D Morgan Foundation Inc. | $2K | 2020 | for diversity, equity, and inclusion training for board and staff members |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of Housing and Urban Development | 1 awards totaling $1,200,000 | $1.2M | 2023 |
| Department of Commerce | 2 awards totaling $595,600 | $596K | 2023 |
Frequently Asked Questions
What does Bounce Innovation Hub do?
Bounce Innovation Hub is a nonprofit organization focused on community development, based in AKRON, OH. It is classified under IRC Section 501(c)(03).
Who funds Bounce Innovation Hub?
Bounce Innovation Hub has received foundation grants from Burton D Morgan Foundation Inc., Premier Bank Foundation, Chubb Charitable Foundation, and others. It has also received federal awards from Department of Housing and Urban Development, Department of Commerce.
What is Bounce Innovation Hub's annual revenue?
Bounce Innovation Hub reports total assets of $2.7M. Annual income is $4.1M.
Where is Bounce Innovation Hub located?
Bounce Innovation Hub is located in AKRON, OH.
Is Bounce Innovation Hub a 501(c)(3)?
Yes, Bounce Innovation Hub is a 501(c)(3) tax-exempt organization. Its EIN is 82-3351373. Donations to this organization may be tax-deductible.
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