Civic Intelligence

Catapult Chicago Inc

990 • Fiscal year 2020 • EIN 45-3592682

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 09, 2021

Organization ProfileWWW.CATAPULTCHICAGO.COM
1212 222 W Merchandise Mart PlazaChicago, IL 60654

(312) 224-8006

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

95th percentile

0.77x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-9.8%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-30%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $95,489 (-100%) from 2019

Net Assets

Down

-$283,526

Down $347,472 (-543%) from 2019

Liabilities

Up

$283,526

Up $251,983 (+799%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin30th percentile

Revenue

Down

$367,822

Down $159,368 (-30%) from 2019

Expenses

Down

$403,696

Down $108,099 (-21%) from 2019

Net Income

Down

-$35,874

Down $51,269 (-333%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200K-$400KAssets 2012: $70,630Liabilities 2012: $56,6512012Assets 2013: $91,961Liabilities 2013: $27,922Net Assets 2013: $64,0392013Assets 2014: $83,004Liabilities 2014: $13,000Net Assets 2014: $70,0042014Assets 2015: $65,159Liabilities 2015: $13,000Net Assets 2015: $52,1592015Assets 2016: $67,843Liabilities 2016: $13,000Net Assets 2016: $54,8432016Assets 2017: $111,592Liabilities 2017: $28,917Net Assets 2017: $82,6752017Assets 2018: $77,799Liabilities 2018: $29,092Net Assets 2018: $48,7072018Assets 2019: $95,489Liabilities 2019: $31,543Net Assets 2019: $63,9462019Assets 2020: $0Liabilities 2020: $283,526Net Assets 2020: -$283,5262020

Highlighted filing

2020

Assets$0
Liabilities$283,526
Net Assets-$283,526
Open 2020 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $168,187Expenses 2012: $154,208Net Income 2012: $13,9792012Revenue 2013: $369,173Expenses 2013: $319,113Net Income 2013: $50,0602013Revenue 2014: $439,067Expenses 2014: $433,102Net Income 2014: $5,9652014Revenue 2015: $460,513Expenses 2015: $478,358Net Income 2015: -$17,8452015Revenue 2016: $464,365Expenses 2016: $461,681Net Income 2016: $2,6842016Revenue 2017: $538,096Expenses 2017: $501,071Net Income 2017: $37,0252017Revenue 2018: $475,716Expenses 2018: $458,777Net Income 2018: $16,9392018Revenue 2019: $527,190Expenses 2019: $511,795Net Income 2019: $15,3952019Revenue 2020: $367,822Expenses 2020: $403,696Net Income 2020: -$35,8742020

Highlighted filing

2020

Revenue$367,822
Expenses$403,696
Net Income-$35,874
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 9, 2021
Return Version
2020v4.1
Gross Receipts
$367,822
Mission and Program Overview

Mission

Catapults nbsp;mission nbsp;is nbsp;to nbsp;support nbsp;and nbsp;develop nbsp;the nbsp;economic nbsp;technology nbsp;community nbsp;in nbsp;chicago nbsp;by nbsp;making nbsp;available nbsp;access nbsp;to nbsp;low nbsp;to nbsp;no nbsp;cost nbsp;office nbsp;space nbsp;collabrative nbsp;work nbsp;spaces nbsp;and nbsp;professionals nbsp;to nbsp;promote nbsp;and nbsp;support nbsp;innovation nbsp;in nbsp;the nbsp;city nbsp;of nbsp;chicago

Support technology start ups via low cost office space. Final year of operation is 2020.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$0$311,479▲ $311,479
Cash and Non-Interest-Bearing Accounts$83,968--
Land, Buildings, and Equipment, Net$8,366--
Prepaid Expenses and Deferred Charges$3,155--
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$63,946$-595,005▼ $658,951
Total Assets$95,489$0▼ $95,489
Liabilities
Unsecured Notes Loans Payable-$172,655-
Accounts Payable and Accrued Expenses$26,543$110,871▲ $84,328
Deferred Revenue$5,000--
Total Liabilities$31,543$283,526▲ $251,983
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$63,946$-283,526▼ $347,472
Total Liabilities and Net Assets / Fund Balance$95,489$0▼ $95,489
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Ryan LeavittPresident
April LaneDirector
Lisa ConmyDirector
Brian CodyTraesurer
Revenue and Support

Revenue Composition

Contributions and Grants
$106,620
Program Service Revenue
$261,202
Investment Income
$0
Other Revenue
$0
All Other Contributions
$95,470
Change in Net Assets
$-35,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,554
Salaries, Compensation, and Employee Benefits$116,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$218,202
Other Salaries and Wages---$105,083
Other Expenses---$29,355
Information Technology---$20,382
Payroll Taxes---$11,059
Office Expenses---$8,153
Fees for Services Accounting---$5,701
Insurance---$3,802
Advertising---$1,336
Travel---$530
Interest---$93
Total Functional Expenses$0$0$0$403,696
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section C, Line 19

“Governing documents and financial statements are available through the applicable govermental agencies. The conflict of interest policy is available upon written request to the organization”

Filing and Contact Details

Filer

Filer Name
Catapult Chicago
EIN
45-3592682
Phone
3122248006
Address
1212 222 W MERCHANDISE MART PLAZA, CHICAGO, IL 60654

Signing Officer

Name
Josh Berman
Title
Executive Director
Phone
7734104275
Signed
2021-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Berman
Formed
2012
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
4

Preparer

Firm
Ernest & Wall Inc
Address
PO BOX 8096, Santa Barbara, CA 93118
Preparer
Joseph E Nagy
Phone
8053083198
Supplemental Narrative

Additional Explanations

990 Part III Line 3

“Catapult chicago has supported early stage and start up companies for 10 years by providing low cost office space. Due to significant market conditions during 2020, catapults governing board has determined it appropriate to dissolve the business entity. Another chicago based non profit digital startup incubator by the name of 1871 is acquiring catapults intellectual property and programs and plans to integrate them into its own offerings. The transition is expected to be complete by march 31, 2021. Therefore this will be the final form 990 filing for catapult chicago.”

Raw XML Appendix332 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0JP MORGAN CHASE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1UNITED HEALTH GROUP
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt13216 BROADWAY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CATAPULT CHICAGO HAS SUPPORTED EARLY STAGE AND START UP COMPANIES FOR 10 YEARS BY PROVIDING LOW COST OFFICE SPACE. DUE TO SIGNIFICANT MARKET CONDITIONS DURING 2020, CATAPULTS GOVERNING BOARD HAS DETERMINED IT APPROPRIATE TO DISSOLVE THE BUSINESS ENTITY. ANOTHER CHICAGO BASED NON PROFIT DIGITAL STARTUP INCUBATOR BY THE NAME OF 1871 IS ACQUIRING CATAPULTS INTELLECTUAL PROPERTY AND PROGRAMS AND PLANS TO INTEGRATE THEM INTO ITS OWN OFFERINGS. THE TRANSITION IS EXPECTED TO BE COMPLETE BY MARCH 31, 2021. THEREFORE THIS WILL BE THE FINAL FORM 990 FILING FOR CATAPULT CHICAGO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE APPLICABLE GOVERMENTAL AGENCIES. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990 PART III LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION C, LINE 19
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IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0106620
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0403696
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt031543
IRS990/TotalLiabilitiesGrp/EOYAmt0283526
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-283526
IRS990/TotalProgramServiceRevenueAmt0261202
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0261202
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0367822
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt095489
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TravelGrp/TotalAmt0530
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060654
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CATAPULTCHICAGO.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSH BERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07734104275
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CATAPULT CHICAGO
ReturnHeader/Filer/BusinessNameControlTxt0CATA
ReturnHeader/Filer/EIN0453592682
ReturnHeader/Filer/PhoneNum03122248006
ReturnHeader/Filer/USAddress/AddressLine1Txt01212 222 W MERCHANDISE MART PLAZA
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060654
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455441593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNEST & WALL INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 8096
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Santa Barbara
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093118
ReturnHeader/PreparerPersonGrp/PhoneNum08053083198
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH E NAGY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-04-06T14:53:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BERMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$283,526
Net assets
-$283,526
Revenue
$367,822
Expenses
$403,696
Net income
-$35,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$2.84$2.84$3.68$4.04$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.32$0.64$5.27$5.12$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.29$0.49$4.76$4.59$0.17
2017Summary only. Only limited summary data is available for this year.$1.12$0.29$0.83$5.38$5.01$0.37
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.13$0.55$4.64$4.62$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.13$0.52$4.61$4.78$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.13$0.70$4.39$4.33$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.92$0.28$0.64$3.69$3.19$0.50
2012Summary only. Only limited summary data is available for this year.$0.71$0.57$1.68$1.54$0.14