Civic Intelligence

Catapult Lakeland Inc

EIN 80-0945525 • 501(c)3 • Lakeland, FL

Profile

Catapult lakeland, inc. A community-centered entrepreneur center located in lakeland, fl. We aim to foster the growth of startups in the lakeland, fl and central florida area and maintain their success through affordable membership, thoughtful education, and funding to drive local business forward. Catapult lakeland, inc. Is a place where entrepreneurs can flourish and develop ideas that result in establishing and growing businesses in the lakeland, florida area through education and mentoring opportunities.

502 E Main StreetLakeland, FL 33801

catapultlakeland.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

21st percentile

-6.9%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$103,500

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

-0.9%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

6.9%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$12,097,602

Down $110,342 (-0.9%) from 2023

Liabilities

Up

$3,868

Up $3,868 from 2023

Net Assets

Down

$12,093,734

Down $114,210 (-0.9%) from 2023

Revenue

Up

$1,656,711

Up $107,506 (+6.9%) from 2023

Expenses

Up

$1,770,921

Up $147,825 (+9.1%) from 2023

Net Income

Down

-$114,210

Down $40,319 (-55%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2013: $323,805Liabilities 2013: $14,871Net Assets 2013: $308,9342013Assets 2014: $353,359Liabilities 2014: $3,829Net Assets 2014: $349,5302014Assets 2015: $2,507,878Liabilities 2015: $3,829Net Assets 2015: $2,504,0492015Assets 2016: $3,527,030Liabilities 2016: $7,895Net Assets 2016: $3,519,1352016Assets 2017: $6,910,041Liabilities 2017: $9,342Net Assets 2017: $6,900,6992017Assets 2018: $10,048,988Liabilities 2018: $2,676Net Assets 2018: $10,046,3122018Assets 2019: $11,138,199Liabilities 2019: $4,272Net Assets 2019: $11,133,9272019Assets 2020: $12,740,349Liabilities 2020: -$1,034Net Assets 2020: $12,741,3832020Assets 2021: $12,484,632Liabilities 2021: $3,251Net Assets 2021: $12,481,3812021Assets 2022: $12,299,274Liabilities 2022: $17,439Net Assets 2022: $12,281,8352022Assets 2023: $12,207,944Liabilities 2023: $0Net Assets 2023: $12,207,9442023Assets 2024: $12,097,602Liabilities 2024: $3,868Net Assets 2024: $12,093,7342024

Highlighted filing

2024

Assets$12,097,602
Liabilities$3,868
Net Assets$12,093,734

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $239,054Expenses 2013: $113,607Net Income 2013: $125,4472013Revenue 2014: $350,037Expenses 2014: $199,691Net Income 2014: $150,3462014Revenue 2015: $2,418,190Expenses 2015: $264,038Net Income 2015: $2,154,1522015Revenue 2016: $1,853,655Expenses 2016: $838,569Net Income 2016: $1,015,0862016Revenue 2017: $4,989,216Expenses 2017: $1,607,652Net Income 2017: $3,381,5642017Revenue 2018: $4,350,076Expenses 2018: $1,204,463Net Income 2018: $3,145,6132018Revenue 2019: $2,168,258Expenses 2019: $1,080,643Net Income 2019: $1,087,6152019Revenue 2020: $2,793,681Expenses 2020: $1,186,225Net Income 2020: $1,607,4562020Revenue 2021: $908,790Expenses 2021: $1,168,792Net Income 2021: -$260,0022021Revenue 2022: $1,506,846Expenses 2022: $1,706,392Net Income 2022: -$199,5462022Revenue 2023: $1,549,205Expenses 2023: $1,623,096Net Income 2023: -$73,8912023Revenue 2024: $1,656,711Expenses 2024: $1,770,921Net Income 2024: -$114,2102024

Highlighted filing

2024

Revenue$1,656,711
Expenses$1,770,921
Net Income-$114,210

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$1,656,711
Mission and Program Overview

Mission

Catapult puts creative capital to work through educational and mentoring programs that: support the professional growth of entrepreneurs, artisans and emerging leaders; help entrepreneurs build and develop sustainable and viable ventures; enables the development of visionary ideas for the lakeland, fl community, as well as central florida; showcase entrepreneurial successes and ideas, as well as establish a platform for social interaction.

Part 1, line 1 - description of organization mission: through educational and mentoring programs, catapult, inc. Provides an atmosphere for education, mentoring, training, and accelerating innovative ideas to help entrepreneurs learn how to build stronger, successful businesses. Catapult provides educational opportunities and resources that allow entrepreneurs to pitch and flush out ideas to catapult their businesses to the next level, as well as identify technologies or business gaps, and provide value-added solutions. Catapult is a place where ideas can be shared and problems can be solved in an entrepreneurial culture that encourages and fosters innovation for the betterment of the lakeland community. The workspace is home base for all of the coworking, desk, and office members. While membership rates are relatively inexpensive, this space is designed to be more than cheap office space. It is an intentional community to support founders as they grow their startup. Makerspace: comple

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,797,695$9,553,402▼ $244,293
Cash and Non-Interest-Bearing Accounts$1,664,961$1,740,039▲ $75,078
Investments in Publicly Traded Securities$745,288$798,597▲ $53,309
Total Assets$12,207,944$12,097,602▼ $110,342
Other Assets Total-$5,564-
Liabilities
Accounts Payable and Accrued Expenses-$3,868-
Total Liabilities$0$3,868▲ $3,868
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,136,890$12,087,090▼ $49,800
Net Assets With Donor Restrictions$71,054$6,644▼ $64,410
Total Net Assets Fund Balance$12,207,944$12,093,734▼ $114,210
Total Liabilities and Net Assets / Fund Balance$12,207,944$12,097,602▼ $110,342

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,762,982$1,022,907$9,785,889
Land$790,420-$790,420
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christin StrawbridgePresidentFT$103,500$103,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$969,742
Program Service Revenue
$582,425
Investment Income
$104,432
Other Revenue
$112
All Other Contributions
$404,058
Change in Net Assets
$-114,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,065,877
Salaries, Compensation, and Employee Benefits$705,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$423,717$105,929-$529,646
Office Expenses$343,106$85,679-$428,785
Depreciation Depletion$215,564$53,891-$269,455
Other Employee Benefits$103,635$25,909-$129,544
Other Expenses$73,893--$73,893
Advertising$58,630$14,658-$73,288
Payroll Taxes$36,683$9,171-$45,854
Insurance$17,046$4,261-$21,307
Fees for Services Legal$5,412$1,353-$6,765
Travel$5,154$1,289-$6,443
Total Functional Expenses$1,468,781$302,140$0$1,770,921
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lakeland Economic Development CounTenantRentNo$36,000
Lakeland Economic Developmen CounTenantShared EmployeesNo$30,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI

Form 990, part vi, section b, line 11 organization's process to review form 990 is with the vp operations/catapult president with the cpa before it is filed and designates these staff members to discuss any questions with the cpa who prepares the return. Form 990, part vi, section b, line 12c we monitor any interests with our board of directors and volunteer legal counsel. Form 990, part vi, section c, line 19 the organization makes it governing documents, conflict of interest policy and financial statements available to the public by having them available in the corporate office and by mail upon request.

Form 990, Page 6, Part VI, Line 11B

The board of directors reviews the form 990 before it is filed and designates one of its members to discuss any questions with the cpa who prepared the return.

Form 990, Page 6, Part VI, Line 12C

We monitor any interests with our board of directors and volunteer legal counsel.

Form 990, Page 6, Part VI, Line 19

The organization makes it governing documents, conflict of interest policy and financial statements available to the public by having them available in the corporate office and by mail upon request.

Filing and Contact Details

Filer

Filer Name
Catapult Lakeland Inc
EIN
80-0945525
Phone
8639409660
Address
502 E MAIN STREET, LAKELAND, FL 33801

Signing Officer

Name
Christin Strawbridge
Title
President
Phone
8636873788
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christin Strawbridge
Formed
2013
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
18

Preparer

Firm
Wall Titus LLC
Address
212 E HIGHLAND DR STE 201, LAKELAND, FL 33813
Preparer
Leslie I Anderson CPA
Phone
8636830708
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Catapult lakeland, inc. A community-centered entrepreneur center located in lakeland, fl. We aim to foster the growth of startups in the lakeland, fl and central florida area and maintain their success through affordable membership, thoughtful education, and funding to drive local business forward. Catapult lakeland, inc. Is a place where entrepreneurs can flourish and develop ideas that result in establishing and growing businesses in the lakeland, florida area through education and mentoring opportunities. Over the years, our staff has been laser-focus on building a state-of-the- art facility. Led by christin strawbridge and a wonderful team of collaborators, this building allows us to better serve lakeland's entrepreneurs and accomplish our mission of fostering the growth of startups in lakeland by providing affordable space, thoughtful education, and funding opportunities. Our mission is to increase the viability of startups and catapult was created to help facilitate growth for lakeland by providing space, education, mentorship, and resources. Our hope is that the subsidized space and programming result in accelerated growth of successful companies in lakeland and the entire central florida region.

Form 990

Form 990, part 1, line 1, description of organization mission: through educational and mentoring programs, catapult provides an atmosphere for education, mentoring, training, and accelerating innovative ideas to help entrepreneurs learn how to build stronger, successful businesses. Catapult provides educational opportunities and resources that allow entrepreneurs to pitch and flush out ideas to catapult their businesses to the next level, as well as identify technologies or business gaps, and provide value-added solutions. Catapult is a place where ideas can be shared and problems can be solved in an entrepreneurial culture that encourages and fosters innovation for the betterment of the lakeland community. The workspace is home base for all of the coworking, desk, and office members. While membership rates are relatively inexpensive, this space is designed to be more than cheap office space. It is an intentional community to support founders as they grow their startup. Makerspace: complete with a metal shop, wood shop, textile shop, and rapid prototyping station, the makerspace is purpose built to accommodate a startup's manufacturing needs. This facility helps entrepreneurs become established with a much lower capital investment. Kitchen: the kitchen incubator exists to launch startups in the restaurant, bakery, and consumer packaged goods industries. Kitchen members have access to a licensed commercial kitchen to produce their products as well as sales avenues and mentorship opportunities.

Form 990, Part III

Form 990, part iii, line 1 catapult puts creative capital to work through educational and mentoring programs that: support the professional growth of entrepreneurs, artisans and emerging leaders; help entrepreneurs build and develop sustainable and viable ventures; enables the development of visionary ideas for the lakeland, fl community, as well as central florida; showcase entrepreneurial successes and ideas, as well as establish a platform for social interaction.

Form 990, Page 2, Part III, Line 4A

Catapult lakeland, inc. Engages and equips local entrepreneurs, artisans, and emerging leaders with a variety of tools and resources 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, florida. As the city grows in number, it is our 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. Reflecting on 2024, we are filled with deep gratitude for this community and the inspiring work happening at catapult. Every day, we have the privilege of supporting entrepreneurs as they create, innovate, and adapt. Celebrating 10 years of catapult prompted us to take a deeper look at our impact by analyzing what is working and what is not, where we see the most momentum, and how we can best serve founders moving forward. Over the past decade, catapult has helped launch 55 startups into their own brick-and- mortar spaces, facilitated more than 400,000 in micro-grants, and provided hundreds of businesses with the resources to test and refine their ideas. Our members span diverse industries, but we've seen significant growth in culinary and manufacturing, two sectors where we continue to see strong momentum. With this in mind, we are doubling down on high-impact programming by focusing on industries and entrepreneurs who are ready to scale. Whether it's through our kitchen incubator, makerspace, or workspace, we remain committed to continuous learning and iteration, ensuring that founders have the tools, mentorship, and connections to turn their vision into reality. At our core, we exist to empower entrepreneurs to build thriving businesses that contribute to lakeland's economy. This includes supporting startups as they grow into storefronts, create jobs, and expand their market reach. None of this would be possible without the generosity of our donors, mentors, and community partners. Their support makes it possible for founders to reduce overhead costs, access valuable resources, and increase chances of long-term success.

Form 990, Page 2, Part III, Line 4B

Development of our members: incubator membership - incubator members are running businesses with the desire to scale and want to participate in programs while (being held accountable for growth). Shared space membership - shared space members are not trying to scale a business; they are a part of catapult for the space and the community. Private donors - these donors believe having a thriving entrepreneurial community impacts our whole city, and their support is integral. Community partnerships - community partners engage with catapult through corporate membership. This allows them to access perks, such as discounted room rentals and coworking.

Form 990, Page 2, Part III, Line 4C

Mission-fit members the following qualities determine whether a startup's goals align with the mission of catapult: business is unique business is scalable founder is focused on hiring locally founder is coachable and has a desire to grow founder has a desire to launch from catapult into a space of their own the catapult staff will be maximizing new and existing programming to provide the support needed in order to continue making lakeland a more entrepreneurial-minded community. This support will be provided through the existing consumer packaged goods accelerator for food-based businesses and the experts in residence program. The makerspace the catapult makerspace is a 24/7 innovation hub providing entrepreneurs with professional-grade equipment, hands-on training, expert mentorship, and supplier connections to support manufacturing, engineering, and product development. 43 members 8,371 machine hours top industries: manufacturing health & wellness arts & entertainment engineering

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IRS990/ActivityOrMissionDesc0PART 1, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION: THROUGH EDUCATIONAL AND MENTORING PROGRAMS, CATAPULT, INC. PROVIDES AN ATMOSPHERE FOR EDUCATION, MENTORING, TRAINING, AND ACCELERATING INNOVATIVE IDEAS TO HELP ENTREPRENEURS LEARN HOW TO BUILD STRONGER, SUCCESSFUL BUSINESSES. CATAPULT PROVIDES EDUCATIONAL OPPORTUNITIES AND RESOURCES THAT ALLOW ENTREPRENEURS TO PITCH AND FLUSH OUT IDEAS TO CATAPULT THEIR BUSINESSES TO THE NEXT LEVEL, AS WELL AS IDENTIFY TECHNOLOGIES OR BUSINESS GAPS, AND PROVIDE VALUE-ADDED SOLUTIONS. CATAPULT IS A PLACE WHERE IDEAS CAN BE SHARED AND PROBLEMS CAN BE SOLVED IN AN ENTREPRENEURIAL CULTURE THAT ENCOURAGES AND FOSTERS INNOVATION FOR THE BETTERMENT OF THE LAKELAND COMMUNITY. THE WORKSPACE IS HOME BASE FOR ALL OF THE COWORKING, DESK, AND OFFICE MEMBERS. WHILE MEMBERSHIP RATES ARE RELATIVELY INEXPENSIVE, THIS SPACE IS DESIGNED TO BE MORE THAN CHEAP OFFICE SPACE. IT IS AN INTENTIONAL COMMUNITY TO SUPPORT FOUNDERS AS THEY GROW THEIR STARTUP. MAKERSPACE: COMPLE
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IRS990/Desc0CATAPULT LAKELAND, INC. ENGAGES AND EQUIPS LOCAL ENTREPRENEURS, ARTISANS, AND EMERGING LEADERS WITH A VARIETY OF TOOLS AND RESOURCES 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, FLORIDA. AS THE CITY GROWS IN NUMBER, IT IS OUR 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. REFLECTING ON 2024, WE ARE FILLED WITH DEEP GRATITUDE FOR THIS COMMUNITY AND THE INSPIRING WORK HAPPENING AT CATAPULT. EVERY DAY, WE HAVE THE PRIVILEGE OF SUPPORTING ENTREPRENEURS AS THEY CREATE, INNOVATE, AND ADAPT. CELEBRATING 10 YEARS OF CATAPULT PROMPTED US TO TAKE A DEEPER LOOK AT OUR IMPACT BY ANALYZING WHAT IS WORKING AND WHAT IS NOT, WHERE WE SEE THE MOST MOMENTUM, AND HOW WE CAN BEST SERVE FOUNDERS MOVING FORWARD. OVER THE PAST DECADE, CATAPULT HAS HELPED LAUNCH 55 STARTUPS INTO THEIR OWN BRICK-AND- MORTAR SPACES, FACILITATED MORE THAN 400,000 IN MICRO-GRANTS, AND PROVIDED HUNDREDS OF BUSINESSES WITH THE RESOURCES TO TEST AND REFINE THEIR IDEAS. OUR MEMBERS SPAN DIVERSE INDUSTRIES, BUT WE'VE SEEN SIGNIFICANT GROWTH IN CULINARY AND MANUFACTURING, TWO SECTORS WHERE WE CONTINUE TO SEE STRONG MOMENTUM. WITH THIS IN MIND, WE ARE DOUBLING DOWN ON HIGH-IMPACT PROGRAMMING BY FOCUSING ON INDUSTRIES AND ENTREPRENEURS WHO ARE READY TO SCALE. WHETHER IT'S THROUGH OUR KITCHEN INCUBATOR, MAKERSPACE, OR WORKSPACE, WE REMAIN COMMITTED TO CONTINUOUS LEARNING AND ITERATION, ENSURING THAT FOUNDERS HAVE THE TOOLS, MENTORSHIP, AND CONNECTIONS TO TURN THEIR VISION INTO REALITY. AT OUR CORE, WE EXIST TO EMPOWER ENTREPRENEURS TO BUILD THRIVING BUSINESSES THAT CONTRIBUTE TO LAKELAND'S ECONOMY. THIS INCLUDES SUPPORTING STARTUPS AS THEY GROW INTO STOREFRONTS, CREATE JOBS, AND EXPAND THEIR MARKET REACH. NONE OF THIS WOULD BE POSSIBLE WITHOUT THE GENEROSITY OF OUR DONORS, MENTORS, AND COMMUNITY PARTNERS. THEIR SUPPORT MAKES IT POSSIBLE FOR FOUNDERS TO REDUCE OVERHEAD COSTS, ACCESS VALUABLE RESOURCES, AND INCREASE CHANCES OF LONG-TERM SUCCESS.
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IRS990/MissionDesc0CATAPULT LAKELAND, INC. A COMMUNITY-CENTERED ENTREPRENEUR CENTER LOCATED IN LAKELAND, FL. WE AIM TO FOSTER THE GROWTH OF STARTUPS IN THE LAKELAND, FL AND CENTRAL FLORIDA AREA AND MAINTAIN THEIR SUCCESS THROUGH AFFORDABLE MEMBERSHIP, THOUGHTFUL EDUCATION, AND FUNDING TO DRIVE LOCAL BUSINESS FORWARD. CATAPULT LAKELAND, INC. IS A PLACE WHERE ENTREPRENEURS CAN FLOURISH AND DEVELOP IDEAS THAT RESULT IN ESTABLISHING AND GROWING BUSINESSES IN THE LAKELAND, FLORIDA AREA THROUGH EDUCATION AND MENTORING OPPORTUNITIES. OVER THE YEARS, OUR STAFF HAS BEEN LASER-FOCUS ON BUILDING A STATE-OF-THE- ART FACILITY. LED BY CHRISTIN STRAWBRIDGE AND A WONDERFUL TEAM OF COLLABORATORS, THIS BUILDING ALLOWS US TO BETTER SERVE LAKELAND'S ENTREPRENEURS AND ACCOMPLISH OUR MISSION OF FOSTERING THE GROWTH OF STARTUPS IN LAKELAND BY PROVIDING AFFORDABLE SPACE, THOUGHTFUL EDUCATION, AND FUNDING OPPORTUNITIES. OUR MISSION IS TO INCREASE THE VIABILITY OF STARTUPS AND CATAPULT WAS CREATED TO HELP FACILITATE GROWTH FOR LA
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IRS990/ProgSrvcAccomActy2Grp/Desc0DEVELOPMENT OF OUR MEMBERS: INCUBATOR MEMBERSHIP - INCUBATOR MEMBERS ARE RUNNING BUSINESSES WITH THE DESIRE TO SCALE AND WANT TO PARTICIPATE IN PROGRAMS WHILE (BEING HELD ACCOUNTABLE FOR GROWTH). SHARED SPACE MEMBERSHIP - SHARED SPACE MEMBERS ARE NOT TRYING TO SCALE A BUSINESS; THEY ARE A PART OF CATAPULT FOR THE SPACE AND THE COMMUNITY. PRIVATE DONORS - THESE DONORS BELIEVE HAVING A THRIVING ENTREPRENEURIAL COMMUNITY IMPACTS OUR WHOLE CITY, AND THEIR SUPPORT IS INTEGRAL. COMMUNITY PARTNERSHIPS - COMMUNITY PARTNERS ENGAGE WITH CATAPULT THROUGH CORPORATE MEMBERSHIP. THIS ALLOWS THEM TO ACCESS PERKS, SUCH AS DISCOUNTED ROOM RENTALS AND COWORKING.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MISSION-FIT MEMBERS THE FOLLOWING QUALITIES DETERMINE WHETHER A STARTUP'S GOALS ALIGN WITH THE MISSION OF CATAPULT: BUSINESS IS UNIQUE BUSINESS IS SCALABLE FOUNDER IS FOCUSED ON HIRING LOCALLY FOUNDER IS COACHABLE AND HAS A DESIRE TO GROW FOUNDER HAS A DESIRE TO LAUNCH FROM CATAPULT INTO A SPACE OF THEIR OWN THE CATAPULT STAFF WILL BE MAXIMIZING NEW AND EXISTING PROGRAMMING TO PROVIDE THE SUPPORT NEEDED IN ORDER TO CONTINUE MAKING LAKELAND A MORE ENTREPRENEURIAL-MINDED COMMUNITY. THIS SUPPORT WILL BE PROVIDED THROUGH THE EXISTING CONSUMER PACKAGED GOODS ACCELERATOR FOR FOOD-BASED BUSINESSES AND THE EXPERTS IN RESIDENCE PROGRAM. THE MAKERSPACE THE CATAPULT MAKERSPACE IS A 24/7 INNOVATION HUB PROVIDING ENTREPRENEURS WITH PROFESSIONAL-GRADE EQUIPMENT, HANDS-ON TRAINING, EXPERT MENTORSHIP, AND SUPPLIER CONNECTIONS TO SUPPORT MANUFACTURING, ENGINEERING, AND PRODUCT DEVELOPMENT. 43 MEMBERS 8,371 MACHINE HOURS TOP INDUSTRIES: MANUFACTURING HEALTH & WELLNESS ARTS & ENTERTAINMENT ENGINEERING
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CATAPULT LAKELAND, INC. A COMMUNITY-CENTERED ENTREPRENEUR CENTER LOCATED IN LAKELAND, FL. WE AIM TO FOSTER THE GROWTH OF STARTUPS IN THE LAKELAND, FL AND CENTRAL FLORIDA AREA AND MAINTAIN THEIR SUCCESS THROUGH AFFORDABLE MEMBERSHIP, THOUGHTFUL EDUCATION, AND FUNDING TO DRIVE LOCAL BUSINESS FORWARD. CATAPULT LAKELAND, INC. IS A PLACE WHERE ENTREPRENEURS CAN FLOURISH AND DEVELOP IDEAS THAT RESULT IN ESTABLISHING AND GROWING BUSINESSES IN THE LAKELAND, FLORIDA AREA THROUGH EDUCATION AND MENTORING OPPORTUNITIES. OVER THE YEARS, OUR STAFF HAS BEEN LASER-FOCUS ON BUILDING A STATE-OF-THE- ART FACILITY. LED BY CHRISTIN STRAWBRIDGE AND A WONDERFUL TEAM OF COLLABORATORS, THIS BUILDING ALLOWS US TO BETTER SERVE LAKELAND'S ENTREPRENEURS AND ACCOMPLISH OUR MISSION OF FOSTERING THE GROWTH OF STARTUPS IN LAKELAND BY PROVIDING AFFORDABLE SPACE, THOUGHTFUL EDUCATION, AND FUNDING OPPORTUNITIES. OUR MISSION IS TO INCREASE THE VIABILITY OF STARTUPS AND CATAPULT WAS CREATED TO HELP FACILITATE GROWTH FOR LAKELAND BY PROVIDING SPACE, EDUCATION, MENTORSHIP, AND RESOURCES. OUR HOPE IS THAT THE SUBSIDIZED SPACE AND PROGRAMMING RESULT IN ACCELERATED GROWTH OF SUCCESSFUL COMPANIES IN LAKELAND AND THE ENTIRE CENTRAL FLORIDA REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART 1, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THROUGH EDUCATIONAL AND MENTORING PROGRAMS, CATAPULT PROVIDES AN ATMOSPHERE FOR EDUCATION, MENTORING, TRAINING, AND ACCELERATING INNOVATIVE IDEAS TO HELP ENTREPRENEURS LEARN HOW TO BUILD STRONGER, SUCCESSFUL BUSINESSES. CATAPULT PROVIDES EDUCATIONAL OPPORTUNITIES AND RESOURCES THAT ALLOW ENTREPRENEURS TO PITCH AND FLUSH OUT IDEAS TO CATAPULT THEIR BUSINESSES TO THE NEXT LEVEL, AS WELL AS IDENTIFY TECHNOLOGIES OR BUSINESS GAPS, AND PROVIDE VALUE-ADDED SOLUTIONS. CATAPULT IS A PLACE WHERE IDEAS CAN BE SHARED AND PROBLEMS CAN BE SOLVED IN AN ENTREPRENEURIAL CULTURE THAT ENCOURAGES AND FOSTERS INNOVATION FOR THE BETTERMENT OF THE LAKELAND COMMUNITY. THE WORKSPACE IS HOME BASE FOR ALL OF THE COWORKING, DESK, AND OFFICE MEMBERS. WHILE MEMBERSHIP RATES ARE RELATIVELY INEXPENSIVE, THIS SPACE IS DESIGNED TO BE MORE THAN CHEAP OFFICE SPACE. IT IS AN INTENTIONAL COMMUNITY TO SUPPORT FOUNDERS AS THEY GROW THEIR STARTUP. MAKERSPACE: COMPLETE WITH A METAL SHOP, WOOD SHOP, TEXTILE SHOP, AND RAPID PROTOTYPING STATION, THE MAKERSPACE IS PURPOSE BUILT TO ACCOMMODATE A STARTUP'S MANUFACTURING NEEDS. THIS FACILITY HELPS ENTREPRENEURS BECOME ESTABLISHED WITH A MUCH LOWER CAPITAL INVESTMENT. KITCHEN: THE KITCHEN INCUBATOR EXISTS TO LAUNCH STARTUPS IN THE RESTAURANT, BAKERY, AND CONSUMER PACKAGED GOODS INDUSTRIES. KITCHEN MEMBERS HAVE ACCESS TO A LICENSED COMMERCIAL KITCHEN TO PRODUCE THEIR PRODUCTS AS WELL AS SALES AVENUES AND MENTORSHIP OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART III, LINE 1 CATAPULT PUTS CREATIVE CAPITAL TO WORK THROUGH EDUCATIONAL AND MENTORING PROGRAMS THAT: SUPPORT THE PROFESSIONAL GROWTH OF ENTREPRENEURS, ARTISANS AND EMERGING LEADERS; HELP ENTREPRENEURS BUILD AND DEVELOP SUSTAINABLE AND VIABLE VENTURES; ENABLES THE DEVELOPMENT OF VISIONARY IDEAS FOR THE LAKELAND, FL COMMUNITY, AS WELL AS CENTRAL FLORIDA; SHOWCASE ENTREPRENEURIAL SUCCESSES AND IDEAS, AS WELL AS ESTABLISH A PLATFORM FOR SOCIAL INTERACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATAPULT LAKELAND, INC. ENGAGES AND EQUIPS LOCAL ENTREPRENEURS, ARTISANS, AND EMERGING LEADERS WITH A VARIETY OF TOOLS AND RESOURCES 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, FLORIDA. AS THE CITY GROWS IN NUMBER, IT IS OUR 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. REFLECTING ON 2024, WE ARE FILLED WITH DEEP GRATITUDE FOR THIS COMMUNITY AND THE INSPIRING WORK HAPPENING AT CATAPULT. EVERY DAY, WE HAVE THE PRIVILEGE OF SUPPORTING ENTREPRENEURS AS THEY CREATE, INNOVATE, AND ADAPT. CELEBRATING 10 YEARS OF CATAPULT PROMPTED US TO TAKE A DEEPER LOOK AT OUR IMPACT BY ANALYZING WHAT IS WORKING AND WHAT IS NOT, WHERE WE SEE THE MOST MOMENTUM, AND HOW WE CAN BEST SERVE FOUNDERS MOVING FORWARD. OVER THE PAST DECADE, CATAPULT HAS HELPED LAUNCH 55 STARTUPS INTO THEIR OWN BRICK-AND- MORTAR SPACES, FACILITATED MORE THAN 400,000 IN MICRO-GRANTS, AND PROVIDED HUNDREDS OF BUSINESSES WITH THE RESOURCES TO TEST AND REFINE THEIR IDEAS. OUR MEMBERS SPAN DIVERSE INDUSTRIES, BUT WE'VE SEEN SIGNIFICANT GROWTH IN CULINARY AND MANUFACTURING, TWO SECTORS WHERE WE CONTINUE TO SEE STRONG MOMENTUM. WITH THIS IN MIND, WE ARE DOUBLING DOWN ON HIGH-IMPACT PROGRAMMING BY FOCUSING ON INDUSTRIES AND ENTREPRENEURS WHO ARE READY TO SCALE. WHETHER IT'S THROUGH OUR KITCHEN INCUBATOR, MAKERSPACE, OR WORKSPACE, WE REMAIN COMMITTED TO CONTINUOUS LEARNING AND ITERATION, ENSURING THAT FOUNDERS HAVE THE TOOLS, MENTORSHIP, AND CONNECTIONS TO TURN THEIR VISION INTO REALITY. AT OUR CORE, WE EXIST TO EMPOWER ENTREPRENEURS TO BUILD THRIVING BUSINESSES THAT CONTRIBUTE TO LAKELAND'S ECONOMY. THIS INCLUDES SUPPORTING STARTUPS AS THEY GROW INTO STOREFRONTS, CREATE JOBS, AND EXPAND THEIR MARKET REACH. NONE OF THIS WOULD BE POSSIBLE WITHOUT THE GENEROSITY OF OUR DONORS, MENTORS, AND COMMUNITY PARTNERS. THEIR SUPPORT MAKES IT POSSIBLE FOR FOUNDERS TO REDUCE OVERHEAD COSTS, ACCESS VALUABLE RESOURCES, AND INCREASE CHANCES OF LONG-TERM SUCCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEVELOPMENT OF OUR MEMBERS: INCUBATOR MEMBERSHIP - INCUBATOR MEMBERS ARE RUNNING BUSINESSES WITH THE DESIRE TO SCALE AND WANT TO PARTICIPATE IN PROGRAMS WHILE (BEING HELD ACCOUNTABLE FOR GROWTH). SHARED SPACE MEMBERSHIP - SHARED SPACE MEMBERS ARE NOT TRYING TO SCALE A BUSINESS; THEY ARE A PART OF CATAPULT FOR THE SPACE AND THE COMMUNITY. PRIVATE DONORS - THESE DONORS BELIEVE HAVING A THRIVING ENTREPRENEURIAL COMMUNITY IMPACTS OUR WHOLE CITY, AND THEIR SUPPORT IS INTEGRAL. COMMUNITY PARTNERSHIPS - COMMUNITY PARTNERS ENGAGE WITH CATAPULT THROUGH CORPORATE MEMBERSHIP. THIS ALLOWS THEM TO ACCESS PERKS, SUCH AS DISCOUNTED ROOM RENTALS AND COWORKING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISSION-FIT MEMBERS THE FOLLOWING QUALITIES DETERMINE WHETHER A STARTUP'S GOALS ALIGN WITH THE MISSION OF CATAPULT: BUSINESS IS UNIQUE BUSINESS IS SCALABLE FOUNDER IS FOCUSED ON HIRING LOCALLY FOUNDER IS COACHABLE AND HAS A DESIRE TO GROW FOUNDER HAS A DESIRE TO LAUNCH FROM CATAPULT INTO A SPACE OF THEIR OWN THE CATAPULT STAFF WILL BE MAXIMIZING NEW AND EXISTING PROGRAMMING TO PROVIDE THE SUPPORT NEEDED IN ORDER TO CONTINUE MAKING LAKELAND A MORE ENTREPRENEURIAL-MINDED COMMUNITY. THIS SUPPORT WILL BE PROVIDED THROUGH THE EXISTING CONSUMER PACKAGED GOODS ACCELERATOR FOR FOOD-BASED BUSINESSES AND THE EXPERTS IN RESIDENCE PROGRAM. THE MAKERSPACE THE CATAPULT MAKERSPACE IS A 24/7 INNOVATION HUB PROVIDING ENTREPRENEURS WITH PROFESSIONAL-GRADE EQUIPMENT, HANDS-ON TRAINING, EXPERT MENTORSHIP, AND SUPPLIER CONNECTIONS TO SUPPORT MANUFACTURING, ENGINEERING, AND PRODUCT DEVELOPMENT. 43 MEMBERS 8,371 MACHINE HOURS TOP INDUSTRIES: MANUFACTURING HEALTH & WELLNESS ARTS & ENTERTAINMENT ENGINEERING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990, PART VI, SECTION B, LINE 11 ORGANIZATION'S PROCESS TO REVIEW FORM 990 IS WITH THE VP OPERATIONS/CATAPULT PRESIDENT WITH THE CPA BEFORE IT IS FILED AND DESIGNATES THESE STAFF MEMBERS TO DISCUSS ANY QUESTIONS WITH THE CPA WHO PREPARES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C WE MONITOR ANY INTERESTS WITH OUR BOARD OF DIRECTORS AND VOLUNTEER LEGAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY HAVING THEM AVAILABLE IN THE CORPORATE OFFICE AND BY MAIL UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS FILED AND DESIGNATES ONE OF ITS MEMBERS TO DISCUSS ANY QUESTIONS WITH THE CPA WHO PREPARED THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8WE MONITOR ANY INTERESTS WITH OUR BOARD OF DIRECTORS AND VOLUNTEER LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY HAVING THEM AVAILABLE IN THE CORPORATE OFFICE AND BY MAIL UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
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