EIN 82-3351373

Bounce Innovation Hub

IRS 501(c) type
501(c)(3)
Num. employees
26
City
State
Year formed
2017
Most recent tax filings
2023-12-01
Description
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. 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. Provide services and programs to anyone with a mind for Innovation to make their visions a reality.
Total revenues
$4,074,558
2023
Total expenses
$3,653,947
2023
Total assets
$2,283,894
2023
Num. employees
26
2023

Program areas at Bounce Innovation Hub

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.
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.
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.

Who funds Bounce Innovation Hub

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Burton D Morgan FoundationTo Sustain Existing Programming and To Purchase Equipment / Outfit Classrooms$544,000
Akron Children'sGeneral Support$100,000
The Barberton Community FoundationEconomic Development, Downtown Revitalization$50,000
...and 3 more grants received

Financials for Bounce Innovation Hub

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,169,674
Program services$1,063,517
Investment income and dividends$3,598
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-2,310
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-159,921
Total revenues$4,074,558
Data update history
July 6, 2025
Received grants
Identified 2 new grant, including a grant for $15,000 from Premier Bank Foundation
January 17, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 11, 2025
Received grants
Identified 1 new grant, including a grant for $100,000 from Akron Children's
January 5, 2025
Used new vendors
Identified 1 new vendor, including
January 4, 2025
Received grants
Identified 2 new grant, including a grant for $544,000 from Burton D Morgan Foundation
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyEducationEconomic developmentBusiness and industry
Characteristics
Conducts researchFundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
526 S Main St 609e
Akron, OH 44311
Metro area
Akron, OH
County
Summit County, OH
Website URL
bouncehub.org/ 
Phone
(330) 785-7403
IRS details
EIN
82-3351373
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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