EIN 80-0945525

Catapult Lakeland

IRS 501(c) type
501(c)(3)
Num. employees
14
State
Year formed
2013
Most recent tax filings
2022-12-01
Description
Catapult Lakeland is a small business development organization in Lakeland, FL whose mission is: Catapult Lakeland, Inc. a community-centered entrepreneur center located in Lakeland, fl.
Total revenues
$1,506,846
2022
Total expenses
$1,706,392
2022
Total assets
$12,299,274
2022
Num. employees
14
2022

Program areas at Catapult Lakeland

Catapult engages and equips local entrepreneurs, artisans, and emerging leaders with a variety of tools to create a community that is stronger, more distinctive, and sustainable. Catapult's program and operating costs are funded by private individuals, foundations, and earned revenue. All programs take place in Lakeland, fl. As the city of Lakeland grows in number, it is Catapult's vision to see the creation of a thriving entrepreneurial-minded community. We want to assist in the creation and growth of companies that are going to add to Lakeland's diverse industry base, provide additional jobs to our growing population, contribute to the overall enhancement of the city's quality of life, and fill vacant storefronts in our city. Catapult fosters the growth of startups by listening to members' needs and connecting them with resources to help them grow their businesses. People with varying backgrounds and different dreams all come together because of their shared passion to start something new. Through a membership at Catapult, startup founders get access to resources to propel their business forward through three main membership types. Member stats applicants - 466 members - 268 average age - 41 female - 40% diverse - 35%
Catapult's mentor program facilities one-on-one relationships that are mutually beneficial to both mentor and mentee. These individual relationships result in personal and professional accomplishments for both parties. All other aspects of the program inherently support the relationship and well-rounded development of the mentee. Programs: demo day eight high-growth startups gave a behind-the-scenes look into their companies while sharing how the community can support them. Member markets in tandem with signature city of Lakeland events, we hosted markets where members sold products to downtown event attendees. Kitchen members utilized Catapult's pop-up window to sell their food to members and the general public. 1 event coordinator: we added a full time staff member to facilitate rentals and plan events. 25 from speed networking to expert workshops, members had opportunities to connect and grow. Catapult's events: 5,963 non-member rentals for meetings help to subsidize our operations. Tampabay.ventures pitch night venture capital firm, tampabay.ventures showed interest in Catapult startups during a pitch event hosted in the workspace.
Since Catapult is home to a variety of businesses, we felt the need to hone in on the startups the we can best serve, rather than attempting to be everything to everyone. With an initial goal of discovering the members that are most aligned with Catapult's mission, this shift has allowed us to build more targeted resources. Mission-fit members have coachable mindsets and are building startups that are innovative and scalable. Mission-fit members are in the workspace, kitchen, and makerspace. They are in all stages of business with various backgrounds but find common ground over a desire to grow on a local, national, or global scale. In order to support mission-fit members in a variety of different industries, Catapult facilitates education through a one-on-one mentorship model. This program connects founders that are hungry to learn with industry experts that are willing to share advice. Experts in residence technical advisors are hired by Catapult to provide help in key business areas. They have a presence at Catapult, whether in-person or online, for several hours per week and are often available for follow-up meetings. Technical advisors are hired by Catapult to provide help in key business areas. They have a presence at Catapult, whether in-person or online, for several hours per week and are often available for follow-up meetings. Have niche expertise and can provide tangible, situation-specific advice to founders on a one-off basis. They volunteer up to two hours a month to meet with startup founders who are recommended by Catapult's staff. The list of technical advisors is constantly growing. Launch launch is a community-based effort lead, and funded, by local financial institutions to Catapult that is created to assist local entrepreneurs. Launch's goal is to help Lakeland entrepreneurs take their business concept to the next level. Launch will do this by providing grants to entrepreneurs who can successfully pitch their concepts to launch's team. Pitch sessions - are held 2 to 3 times per year at Catapult. Applications are available online at catapultlakeland.com. Advisory board members attend pitch sessions, give their input in a closed-door session following the pitches and the pitch judges will vote on grant awards. The public is invited to attend pitch sessions. It's like shark tank, but with happy people.

Who funds Catapult Lakeland

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Givewell Community FoundationGeneral Operations$300,000
Truist FoundationGeneral Operating$50,000
The Bank of America Charitable FoundationProgram/operating Support$10,000
...and 2 more grants received

Personnel at Catapult Lakeland

NameTitleCompensation
Brett ChamberlainMaker Space Director
Maggie LeachKitchen Director
Michelle HarveyChristin Strawbridge Workspace Director
Christin StrawbridgePresident$0
Wesley BeckTreasurer / President / Vice Chairman$0
...and 6 more key personnel

Financials for Catapult Lakeland

RevenuesFYE 12/2022
Total grants, contributions, etc.$947,175
Program services$582,789
Investment income and dividends$-30,382
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$7,246
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$18
Total revenues$1,506,846

Form 990s for Catapult Lakeland

Fiscal year endingDate received by IRSFormPDF link
2022-122024-02-14990View PDF
2021-122023-02-13990View PDF
2020-122021-11-09990View PDF
2019-122021-03-02990View PDF
2018-122020-02-06990View PDF
...and 5 more Form 990s

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Data update history
May 22, 2024
Updated personnel
Identified 1 new personnel
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $300,000 from Givewell Community Foundation
December 26, 2023
Received grants
Identified 4 new grant, including a grant for $305,000 from Givewell Community Foundation
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
EducationEconomic developmentBusiness and industry
Characteristics
MembershipsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
502 E Main St
Lakeland, FL 33801
Metro area
Lakeland-Winter Haven, FL
County
Polk County, FL
Website URL
catapultlakeland.com/ 
Phone
(863) 687-3788
IRS details
EIN
80-0945525
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Central organization
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