Civic Intelligence

Catapult Lakeland Inc.

990 • Fiscal year 2019 • EIN 80-0945525

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 04, 2020

502 E Main StreetLakeland, FL 33801

(863) 687-3788

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

91st percentile

50%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$11,138,199

Up $1,089,211 (+11%) from 2018

Net Assets

Up

$11,133,927

Up $1,087,615 (+11%) from 2018

Liabilities

Up

$4,272

Up $1,596 (+60%) from 2018

Revenue

Down

$2,168,258

Down $2,181,818 (-50%) from 2018

Expenses

Down

$1,080,643

Down $123,820 (-10%) from 2018

Net Income

Down

$1,087,615

Down $2,057,998 (-65%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$11,138,199
Liabilities$4,272
Net Assets$11,133,927

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$2,168,258
Expenses$1,080,643
Net Income$1,087,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 4, 2020
Return Version
2019v5.0
Gross Receipts
$2,168,258
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,080,234$4,642,795▼ $3,437,439
Land, Buildings, and Equipment, Net$1,076,766$1,050,771▼ $25,995
Total Assets$10,048,988$11,138,199▲ $1,089,211
Other Assets Total$891,988$5,444,633▲ $4,552,645
Liabilities
Other Liabilities$2,676$4,272▲ $1,596
Total Liabilities$2,676$4,272▲ $1,596
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,967,589$11,062,881▲ $1,095,292
Net Assets With Donor Restrictions$78,723$71,046▼ $7,677
Total Net Assets Fund Balance$10,046,312$11,133,927▲ $1,087,615
Total Liabilities and Net Assets / Fund Balance$10,048,988$11,138,199▲ $1,089,211

Asset Categories

AssetBook ValueDepreciationBasis
Land$795,420-$795,420
Other Assets Org$277,531--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Callie NeslundChairman, Di
Wesley BeckPresident
Andrew McentireDirector
Brian PhilpotDirector
David Hallock JrDirector
Jeff ChamberlainDirector
Cory PetcoffSecretary
William HarrellTreasurer
Todd BaylisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,025,214
Program Service Revenue
$95,895
Investment Income
$46,933
Other Revenue
$216
All Other Contributions
$1,712,393
Change in Net Assets
$1,087,615

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$153,821Fair Market Value (FMV)
Total Noncash Contributions1$153,821-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$651,270
Salaries, Compensation, and Employee Benefits$429,373
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$293,185$73,296-$366,481
Occupancy$123,057$30,764-$153,821
Office Expenses$61,637$15,409-$77,046
Advertising$52,316--$52,316
Depreciation Depletion$33,309$8,327-$41,636
Other Employee Benefits$32,513$8,128-$40,641
Payroll Taxes$17,801$4,450-$22,251
Fees for Services Accounting$7,200$1,800-$9,000
Travel$7,539--$7,539
Insurance$4,236$1,059-$5,295
Fees for Services Legal$1,990$498-$2,488
Other Expenses$1,398$349-$1,747
Total Functional Expenses$936,563$144,080$0$1,080,643
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
LedcRelated PartyEmployee Sal. Reimb.No$100,380
Lakeland Ecom Devlp Council LedcRelated PartyContribution FromNo$20,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal$3,347
Futa$2,169
Post-tax Medical$1,552
Hsa-optum Bank Account$258
Post-tax Hsa Ee$125
Suta$-805
401k Payable$-2,374
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
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, 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
8636873788
Address
502 E MAIN STREET, LAKELAND, FL 33801

Signing Officer

Name
Wesley Beck
Title
President
Phone
8636873788
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wesley Beck
Formed
2013
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
6
Employees
10
Volunteers
50

Preparer

Firm
Wall Titus LLC
Address
212 E HIGHLAND DR STE 201, LAKELAND, FL 33813-1725
Preparer
Alicia C James CPA
Phone
8636830708
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990

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. Advisory board catapult's advisory board completed five years of service in october. -chair, callie neslund - mosaic -immediate past chair - cory petcoff - baron realty -vice chair - alyssia totten - lanier upshaw -secretary - leila blacking - publix -treasurer - alex nikdel - cnp -member rep - david young - drone launch academy -at large - ricardo rivera - dynamic security staff in an effort to increase the effectiveness of the programming at catapult, robert blacklidge was hired to the team in april to serve as the education director. In addition, former intern, nichole jones was hired in october to serve as the marketing + operations coordinator. Christin strawbridge was promoted to membership director in november following connor lockhart's transition to a new job opportunity outside the organization. Maggie leach continues to serve as kitchen director. We are in the process of interviewing maker space director candidates. Bay area mini city visit christina and christin traveled to the san francisco bay area for startup grind's global conference with 4,400+ attendees from across the globe. Collectively, they attended 34 sessions that resulted in new program learnings. While there, they also spent some time visiting 26 spaces and attending 1 pitch night. These visits not only resulted in new learnings and relationships but also interior design changes of the new building. Miami mini visit maggie and lucia traveled to miami to conduct research on the entrepreneurial ecosystem in south florida. They attended 16 meetings and tours to learn about best practices. They were able to attend a general mills pitch night for food entrepreneurs, as well as venture cafe's thursday gatherings, which consists of high-impact education sessions. Furthermore, they visited places like wework labs, 500 startups miami, the cambridge innovation center, and moonlighter maker space. These visits resulted in a few key relationships, as well as ideas for future programs at catapult. Startup grind x after attending startup grind's global conference, catapult launched lakeland's startup grind x chapter. Startup grind is the largest independent startup community, actively educating, inspiring and connecting more than 2,000,000 entrepreneurs in 600 chapters in 125 countries. Our first event featured a fireside chat between tim cox, director of creative services at publix and catapult member, jon sierra of sierra creative. The 100+ attendees heard from tim cox on what it means to prioritize branding. Future bi-monthly events will feature a similar format with the goal of convening entrepreneurs together and educating and inspiring them. 1 million cups catapult partnered with the chamber of commerce, florida southern college, score, toastmasters, and boring business systems to bring 1 million cups to lakeland. 1 million cups is a kauffman foundation program operating in 180 communities. This program is designed to break down barriers that stand in the way of starting and growing a business. Every wednesday at 9am, two entrepreneurs present followed by a supportive q+a session with the audience. The lakeland chapter launched in august with an average weekly attendance of 25+. Techstars startup weekend techstars startup weekend is a 3-day event in which entrepreneurs pitch ideas for a startup, form teams around those

Form 990, Part III

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 2

Bay area mini city visit christina and christin traveled to the san francisco bay area for startup grind's global conference with 4,400+ attendees from across the globe. Collectively, they attended 34 sessions that resulted in new program learnings. While there, they also spent some time visiting 26 spaces and attending 1 pitch night. These visits not only resulted in new learnings and relationships but also interior design changes of the new building. Miami mini visit maggie and lucia traveled to miami to conduct research on the entrepreneurial ecosystem in south florida. They attended 16 meetings and tours to learn about best practices. They were able to attend a general mills pitch night for food entrepreneurs, as well as venture cafe's thursday gatherings, which consists of high-impact education sessions. Furthermore, they visited places like wework labs, 500 startups miami, the cambridge innovation center, and moonlighter maker space. These visits resulted in a few key relationships, as well as ideas for future programs at catapult. Startup grind x after attending startup grind's global conference, catapult launched lakeland's startup grind x chapter. Startup grind is the largest independent startup community, actively educating, inspiring and connecting more than 2,000,000 entrepreneurs in 600 chapters in 125 countries. Our first event featured a fireside chat between tim cox, director of creative services at publix and catapult member, jon sierra of sierra creative. The 100+ attendees heard from tim cox on what it means to prioritize branding. Future bi-monthly events will feature a similar format with the goal of convening entrepreneurs together and educating and inspiring them. 1 million cups catapult partnered with the chamber of commerce, florida southern college, score, toastmasters, and boring business systems to bring 1 million cups to lakeland. 1 million cups is a kauffman foundation program operating in 180 communities. This program is designed to break down barriers that stand in the way of starting and growing a business. Every wednesday at 9am, two entrepreneurs present followed by a supportive q+a session with the audience. The lakeland chapter launched in august with an average weekly attendance of 25+. Techstars startup weekend techstars startup weekend is a 3-day event in which entrepreneurs pitch ideas for a startup, form teams around those ideas, and build that idea into a business. Lakeland's 1st techstars startup weekend event consisted of 45+ attendees, with several students from both florida polytechnic university and florida southern college.

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. Co.starters, two cohorts of co.starters were offered this year - one facilitated by dick pellegrini and the other facilitated by robert blacklidge and lucia forero. A total of 18 businesses participated in this nine-week course that equips entrepreneurs with the insights, relationships, and tools needed to turn ideas into action. Plans are in process with the mayor to bring this program to an under-represented segment of the community in 2020. Cat walk catapult & pilgrim associates created, and implemented, a pilot project for lakeland entrepreneurs in 2018 which focuses on peer group coaching. Cat walk is designed for entrepreneurs that have successfully launched and are now focusing on scaling their business. Deliverables include: "making better decisions - staying strategic rather than tactical. Having your answers questioned. "accountability - collective accountability tasks, "what gets measured, gets done." "growth - members learn from having their issues worked by the group as well as working on other members' issues. Occasionally, speakers are brought to the group focusing on specific areas of business needs and interests. "isolation - the "lonely at the top syndrome" is addressed through non- judgmental, trusted and confidential discussions in each others' development, aka, informal board of advisors. "change - developing the courage/confidence to discuss and implement the appropriate change in your business and personal development. Currently, there are 10 businesses participating in this program with a goal of adding two companies in 2020. Lakeland entrepreneur awards catapult secured an agreement with saddle creek logistics to be the presenting sponsor for our new annual lakeland entrepreneur awards. The total value of this sponsorship is 125,000 over a 5-year period. In addition, agamerica agreed to sponsor a keynote speaker which is a 250,000 gift over a 5-year period. Our first event was sold out with 400 guests, 4 awardees, and an additional 75,000 in income to catapult. The 2020 event is already sold out. Enterprenuher the catapult team continued the success of the pilot entreprenueher event from last fall. This year's events included a recipe to scale: fireside chat with berna nar and stephanie gregg as well as what does your customer want to hear from you? Facilitated by nyrka riskin. These events brought in 100+ women to catapult.

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

Intro to entrepreneurship - entrepreneurship training, for the rest of us. We built introduction to entrepreneurship as a business training program for aspiring entrepreneurs. We teach business fundamentals - customer development, branding essentials and basic financials, among other things - with a welcoming, hands-on and human approach. Innovation & design course our education partners polk state college, florida southern college, southeastern university, florida polytechnic university and keiser university have created an intercollegiate interdisciplinary innovation, four credit hour course to be taught at catapult. The course will be offered at both the undergraduate and graduate levels. Students from each of these educational institutions would form teams of 5-7, with 5 to 7 teams participating in the course. Teams would be selected on the basis of functional/industry interest.

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

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. The relationship between mentor and mentee will last 3-months. They call or meet once a month for perhaps coffee or lunch. Each meeting is approximately 60 to 90 minutes. While each mentor will have his or her own style, remember the primary goal of these meetings is to attack a specific challenge facing the mentee's business and make forward progress. Our program is open to all catapult entrepreneurs, but the best candidates are usually actively working on a startup and have a specific topic or problem where they could use help from an experienced mentor. Catapult lakeland also offers the following weekly educational programming: lunch & learns workshops - 1 hour training on a specific topic; seminars - 2 to 3-hour in-depth training on a specific topic; office hours - questions answered by a professional. More than 1000 people have participated in free or low-cost educational workshops and training in 2017. 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. Catapult brought back the launch micro-grant program this year, hosting the first event at florida polytechnic university. A student component was added to allow students to pitch for up to 2,500 for their startups. Three poly student companies were awarded a grant, in addition to honeycomb bread bakers in the spring. This fall's event is scheduled for november 14th.

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

Other accomplishments spotlights the ledger continued their spotlight donation for another year and donated over 25,000 in print advertising to catapult in 2019. In 2019, 46 entrepreneurs were featured in the sunday business section of the ledger, catapult's website (9,300+ pageviews) & facebook (5,500 engagements).

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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. CO.STARTERS, TWO COHORTS OF CO.STARTERS WERE OFFERED THIS YEAR - ONE FACILITATED BY DICK PELLEGRINI AND THE OTHER FACILITATED BY ROBERT BLACKLIDGE AND LUCIA FORERO. A TOTAL OF 18 BUSINESSES PARTICIPATED IN THIS NINE-WEEK COURSE THAT EQUIPS ENTREPRENEURS WITH THE INSIGHTS, RELATIONSHIPS, AND TOOLS NEEDED TO TURN IDEAS INTO ACTION. PLANS ARE IN PROCESS WITH THE MAYOR TO BRING THIS PROGRAM TO AN UNDER-REPRESENTED SEGMENT OF THE COMMUNITY IN 2020. CAT WALK CATAPULT & PILGRIM ASSOCIATES CREATED, AND IMPLEMENTED, A PILOT PROJECT FOR LAKELAND ENTREPRENEURS IN 2018 WHICH FOCUSES ON PEER GROUP COACHING. CAT WALK IS DESIGNED FOR ENTREPRENEURS THAT HAVE SUCCESSFULLY LAUNCHED AND ARE NOW FOCUSING ON SCALING THEIR BUSINESS. DELIVERABLES INCLUDE: "MAKING BETTER DECISIONS - STAYING STRATEGIC RATHER THAN TACTICAL. HAVING YOUR ANSWERS QUESTIONED. "ACCOUNTABILITY - COLLECTIVE ACCOUNTABILITY TASKS, "WHAT GETS MEASURED, GETS DONE." "GROWTH - MEMBERS LEARN FROM HAVING THEIR ISSUES WORKED BY THE GROUP AS WELL AS WORKING ON OTHER MEMBERS' ISSUES. OCCASIONALLY, SPEAKERS ARE BROUGHT TO THE GROUP FOCUSING ON SPECIFIC AREAS OF BUSINESS NEEDS AND INTERESTS. "ISOLATION - THE "LONELY AT THE TOP SYNDROME" IS ADDRESSED THROUGH NON- JUDGMENTAL, TRUSTED AND CONFIDENTIAL DISCUSSIONS IN EACH OTHERS' DEVELOPMENT, AKA, INFORMAL BOARD OF ADVISORS. "CHANGE - DEVELOPING THE COURAGE/CONFIDENCE TO DISCUSS AND IMPLEMENT THE APPROPRIATE CHANGE IN YOUR BUSINESS AND PERSONAL DEVELOPMENT. CURRENTLY, THERE ARE 10 BUSINESSES PARTICIPATING IN THIS PROGRAM WITH A GOAL OF ADDING TWO COMPANIES IN 2020. LAKELAND ENTREPRENEUR AWARDS CATAPULT SECURED AN AGREEMENT WITH SADDLE CREEK LOGISTICS TO BE THE PRESENTING SPONSOR FOR OUR NEW ANNUAL LAKELAND ENTREPRENEUR AWARDS. THE TOTAL VALUE OF THIS SPONSORSHIP IS 125,000 OVER A 5-YEAR PERIOD. IN ADDITION, AGAMERICA AGREED TO SPONSOR A KEYNOTE SPEAKER WHICH IS A 250,000 GIFT OVER A 5-YEAR PERIOD. OUR FIRST EVENT WAS SOLD OUT WITH 400 GUESTS, 4 AWARDEES, AND AN ADDITIONAL 75,000 IN INCOME TO CATAPULT. THE 2020 EVENT IS ALREADY SOLD OUT. ENTERPRENUHER THE CATAPULT TEAM CONTINUED THE SUCCESS OF THE PILOT ENTREPRENUEHER EVENT FROM LAST FALL. THIS YEAR'S EVENTS INCLUDED A RECIPE TO SCALE: FIRESIDE CHAT WITH BERNA NAR AND STEPHANIE GREGG AS WELL AS WHAT DOES YOUR CUSTOMER WANT TO HEAR FROM YOU? FACILITATED BY NYRKA RISKIN. THESE EVENTS BROUGHT IN 100+ WOMEN TO CATAPULT.
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IRS990/MissionDesc0CATAPULT 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0INTRO TO ENTREPRENEURSHIP - ENTREPRENEURSHIP TRAINING, FOR THE REST OF US. WE BUILT INTRODUCTION TO ENTREPRENEURSHIP AS A BUSINESS TRAINING PROGRAM FOR ASPIRING ENTREPRENEURS. WE TEACH BUSINESS FUNDAMENTALS - CUSTOMER DEVELOPMENT, BRANDING ESSENTIALS AND BASIC FINANCIALS, AMONG OTHER THINGS - WITH A WELCOMING, HANDS-ON AND HUMAN APPROACH. INNOVATION & DESIGN COURSE OUR EDUCATION PARTNERS POLK STATE COLLEGE, FLORIDA SOUTHERN COLLEGE, SOUTHEASTERN UNIVERSITY, FLORIDA POLYTECHNIC UNIVERSITY AND KEISER UNIVERSITY HAVE CREATED AN INTERCOLLEGIATE INTERDISCIPLINARY INNOVATION, FOUR CREDIT HOUR COURSE TO BE TAUGHT AT CATAPULT. THE COURSE WILL BE OFFERED AT BOTH THE UNDERGRADUATE AND GRADUATE LEVELS. STUDENTS FROM EACH OF THESE EDUCATIONAL INSTITUTIONS WOULD FORM TEAMS OF 5-7, WITH 5 TO 7 TEAMS PARTICIPATING IN THE COURSE. TEAMS WOULD BE SELECTED ON THE BASIS OF FUNCTIONAL/INDUSTRY INTEREST.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CATAPULT'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. THE RELATIONSHIP BETWEEN MENTOR AND MENTEE WILL LAST 3-MONTHS. THEY CALL OR MEET ONCE A MONTH FOR PERHAPS COFFEE OR LUNCH. EACH MEETING IS APPROXIMATELY 60 TO 90 MINUTES. WHILE EACH MENTOR WILL HAVE HIS OR HER OWN STYLE, REMEMBER THE PRIMARY GOAL OF THESE MEETINGS IS TO ATTACK A SPECIFIC CHALLENGE FACING THE MENTEE'S BUSINESS AND MAKE FORWARD PROGRESS. OUR PROGRAM IS OPEN TO ALL CATAPULT ENTREPRENEURS, BUT THE BEST CANDIDATES ARE USUALLY ACTIVELY WORKING ON A STARTUP AND HAVE A SPECIFIC TOPIC OR PROBLEM WHERE THEY COULD USE HELP FROM AN EXPERIENCED MENTOR. CATAPULT LAKELAND ALSO OFFERS THE FOLLOWING WEEKLY EDUCATIONAL PROGRAMMING: LUNCH & LEARNS WORKSHOPS - 1 HOUR TRAINING ON A SPECIFIC TOPIC; SEMINARS - 2 TO 3-HOUR IN-DEPTH TRAINING ON A SPECIFIC TOPIC; OFFICE HOURS - QUESTIONS ANSWERED BY A PROFESSIONAL. MORE THAN 1000 PEOPLE HAVE PARTICIPATED IN FREE OR LOW-COST EDUCATIONAL WORKSHOPS AND TRAINING IN 2017. 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. CATAPULT BROUGHT BACK THE LAUNCH MICRO-GRANT PROGRAM THIS YEAR, HOSTING THE FIRST EVENT AT FLORIDA POLYTECHNIC UNIVERSITY. A STUDENT COMPONENT WAS ADDED TO ALLOW STUDENTS TO PITCH FOR UP TO 2,500 FOR THEIR STARTUPS. THREE POLY STUDENT COMPANIES WERE AWARDED A GRANT, IN ADDITION TO HONEYCOMB BREAD BAKERS IN THE SPRING. THIS FALL'S EVENT IS SCHEDULED FOR NOVEMBER 14TH.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER ACCOMPLISHMENTS SPOTLIGHTS THE LEDGER CONTINUED THEIR SPOTLIGHT DONATION FOR ANOTHER YEAR AND DONATED OVER 25,000 IN PRINT ADVERTISING TO CATAPULT IN 2019. IN 2019, 46 ENTREPRENEURS WERE FEATURED IN THE SUNDAY BUSINESS SECTION OF THE LEDGER, CATAPULT'S WEBSITE (9,300+ PAGEVIEWS) & FACEBOOK (5,500 ENGAGEMENTS).
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CATAPULT 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/ExplanationTxt1THROUGH 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. ADVISORY BOARD CATAPULT'S ADVISORY BOARD COMPLETED FIVE YEARS OF SERVICE IN OCTOBER. -CHAIR, CALLIE NESLUND - MOSAIC -IMMEDIATE PAST CHAIR - CORY PETCOFF - BARON REALTY -VICE CHAIR - ALYSSIA TOTTEN - LANIER UPSHAW -SECRETARY - LEILA BLACKING - PUBLIX -TREASURER - ALEX NIKDEL - CNP -MEMBER REP - DAVID YOUNG - DRONE LAUNCH ACADEMY -AT LARGE - RICARDO RIVERA - DYNAMIC SECURITY STAFF IN AN EFFORT TO INCREASE THE EFFECTIVENESS OF THE PROGRAMMING AT CATAPULT, ROBERT BLACKLIDGE WAS HIRED TO THE TEAM IN APRIL TO SERVE AS THE EDUCATION DIRECTOR. IN ADDITION, FORMER INTERN, NICHOLE JONES WAS HIRED IN OCTOBER TO SERVE AS THE MARKETING + OPERATIONS COORDINATOR. CHRISTIN STRAWBRIDGE WAS PROMOTED TO MEMBERSHIP DIRECTOR IN NOVEMBER FOLLOWING CONNOR LOCKHART'S TRANSITION TO A NEW JOB OPPORTUNITY OUTSIDE THE ORGANIZATION. MAGGIE LEACH CONTINUES TO SERVE AS KITCHEN DIRECTOR. WE ARE IN THE PROCESS OF INTERVIEWING MAKER SPACE DIRECTOR CANDIDATES. BAY AREA MINI CITY VISIT CHRISTINA AND CHRISTIN TRAVELED TO THE SAN FRANCISCO BAY AREA FOR STARTUP GRIND'S GLOBAL CONFERENCE WITH 4,400+ ATTENDEES FROM ACROSS THE GLOBE. COLLECTIVELY, THEY ATTENDED 34 SESSIONS THAT RESULTED IN NEW PROGRAM LEARNINGS. WHILE THERE, THEY ALSO SPENT SOME TIME VISITING 26 SPACES AND ATTENDING 1 PITCH NIGHT. THESE VISITS NOT ONLY RESULTED IN NEW LEARNINGS AND RELATIONSHIPS BUT ALSO INTERIOR DESIGN CHANGES OF THE NEW BUILDING. MIAMI MINI VISIT MAGGIE AND LUCIA TRAVELED TO MIAMI TO CONDUCT RESEARCH ON THE ENTREPRENEURIAL ECOSYSTEM IN SOUTH FLORIDA. THEY ATTENDED 16 MEETINGS AND TOURS TO LEARN ABOUT BEST PRACTICES. THEY WERE ABLE TO ATTEND A GENERAL MILLS PITCH NIGHT FOR FOOD ENTREPRENEURS, AS WELL AS VENTURE CAFE'S THURSDAY GATHERINGS, WHICH CONSISTS OF HIGH-IMPACT EDUCATION SESSIONS. FURTHERMORE, THEY VISITED PLACES LIKE WEWORK LABS, 500 STARTUPS MIAMI, THE CAMBRIDGE INNOVATION CENTER, AND MOONLIGHTER MAKER SPACE. THESE VISITS RESULTED IN A FEW KEY RELATIONSHIPS, AS WELL AS IDEAS FOR FUTURE PROGRAMS AT CATAPULT. STARTUP GRIND X AFTER ATTENDING STARTUP GRIND'S GLOBAL CONFERENCE, CATAPULT LAUNCHED LAKELAND'S STARTUP GRIND X CHAPTER. STARTUP GRIND IS THE LARGEST INDEPENDENT STARTUP COMMUNITY, ACTIVELY EDUCATING, INSPIRING AND CONNECTING MORE THAN 2,000,000 ENTREPRENEURS IN 600 CHAPTERS IN 125 COUNTRIES. OUR FIRST EVENT FEATURED A FIRESIDE CHAT BETWEEN TIM COX, DIRECTOR OF CREATIVE SERVICES AT PUBLIX AND CATAPULT MEMBER, JON SIERRA OF SIERRA CREATIVE. THE 100+ ATTENDEES HEARD FROM TIM COX ON WHAT IT MEANS TO PRIORITIZE BRANDING. FUTURE BI-MONTHLY EVENTS WILL FEATURE A SIMILAR FORMAT WITH THE GOAL OF CONVENING ENTREPRENEURS TOGETHER AND EDUCATING AND INSPIRING THEM. 1 MILLION CUPS CATAPULT PARTNERED WITH THE CHAMBER OF COMMERCE, FLORIDA SOUTHERN COLLEGE, SCORE, TOASTMASTERS, AND BORING BUSINESS SYSTEMS TO BRING 1 MILLION CUPS TO LAKELAND. 1 MILLION CUPS IS A KAUFFMAN FOUNDATION PROGRAM OPERATING IN 180 COMMUNITIES. THIS PROGRAM IS DESIGNED TO BREAK DOWN BARRIERS THAT STAND IN THE WAY OF STARTING AND GROWING A BUSINESS. EVERY WEDNESDAY AT 9AM, TWO ENTREPRENEURS PRESENT FOLLOWED BY A SUPPORTIVE Q+A SESSION WITH THE AUDIENCE. THE LAKELAND CHAPTER LAUNCHED IN AUGUST WITH AN AVERAGE WEEKLY ATTENDANCE OF 25+. TECHSTARS STARTUP WEEKEND TECHSTARS STARTUP WEEKEND IS A 3-DAY EVENT IN WHICH ENTREPRENEURS PITCH IDEAS FOR A STARTUP, FORM TEAMS AROUND THOSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATAPULT 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/ExplanationTxt3BAY AREA MINI CITY VISIT CHRISTINA AND CHRISTIN TRAVELED TO THE SAN FRANCISCO BAY AREA FOR STARTUP GRIND'S GLOBAL CONFERENCE WITH 4,400+ ATTENDEES FROM ACROSS THE GLOBE. COLLECTIVELY, THEY ATTENDED 34 SESSIONS THAT RESULTED IN NEW PROGRAM LEARNINGS. WHILE THERE, THEY ALSO SPENT SOME TIME VISITING 26 SPACES AND ATTENDING 1 PITCH NIGHT. THESE VISITS NOT ONLY RESULTED IN NEW LEARNINGS AND RELATIONSHIPS BUT ALSO INTERIOR DESIGN CHANGES OF THE NEW BUILDING. MIAMI MINI VISIT MAGGIE AND LUCIA TRAVELED TO MIAMI TO CONDUCT RESEARCH ON THE ENTREPRENEURIAL ECOSYSTEM IN SOUTH FLORIDA. THEY ATTENDED 16 MEETINGS AND TOURS TO LEARN ABOUT BEST PRACTICES. THEY WERE ABLE TO ATTEND A GENERAL MILLS PITCH NIGHT FOR FOOD ENTREPRENEURS, AS WELL AS VENTURE CAFE'S THURSDAY GATHERINGS, WHICH CONSISTS OF HIGH-IMPACT EDUCATION SESSIONS. FURTHERMORE, THEY VISITED PLACES LIKE WEWORK LABS, 500 STARTUPS MIAMI, THE CAMBRIDGE INNOVATION CENTER, AND MOONLIGHTER MAKER SPACE. THESE VISITS RESULTED IN A FEW KEY RELATIONSHIPS, AS WELL AS IDEAS FOR FUTURE PROGRAMS AT CATAPULT. STARTUP GRIND X AFTER ATTENDING STARTUP GRIND'S GLOBAL CONFERENCE, CATAPULT LAUNCHED LAKELAND'S STARTUP GRIND X CHAPTER. STARTUP GRIND IS THE LARGEST INDEPENDENT STARTUP COMMUNITY, ACTIVELY EDUCATING, INSPIRING AND CONNECTING MORE THAN 2,000,000 ENTREPRENEURS IN 600 CHAPTERS IN 125 COUNTRIES. OUR FIRST EVENT FEATURED A FIRESIDE CHAT BETWEEN TIM COX, DIRECTOR OF CREATIVE SERVICES AT PUBLIX AND CATAPULT MEMBER, JON SIERRA OF SIERRA CREATIVE. THE 100+ ATTENDEES HEARD FROM TIM COX ON WHAT IT MEANS TO PRIORITIZE BRANDING. FUTURE BI-MONTHLY EVENTS WILL FEATURE A SIMILAR FORMAT WITH THE GOAL OF CONVENING ENTREPRENEURS TOGETHER AND EDUCATING AND INSPIRING THEM. 1 MILLION CUPS CATAPULT PARTNERED WITH THE CHAMBER OF COMMERCE, FLORIDA SOUTHERN COLLEGE, SCORE, TOASTMASTERS, AND BORING BUSINESS SYSTEMS TO BRING 1 MILLION CUPS TO LAKELAND. 1 MILLION CUPS IS A KAUFFMAN FOUNDATION PROGRAM OPERATING IN 180 COMMUNITIES. THIS PROGRAM IS DESIGNED TO BREAK DOWN BARRIERS THAT STAND IN THE WAY OF STARTING AND GROWING A BUSINESS. EVERY WEDNESDAY AT 9AM, TWO ENTREPRENEURS PRESENT FOLLOWED BY A SUPPORTIVE Q+A SESSION WITH THE AUDIENCE. THE LAKELAND CHAPTER LAUNCHED IN AUGUST WITH AN AVERAGE WEEKLY ATTENDANCE OF 25+. TECHSTARS STARTUP WEEKEND TECHSTARS STARTUP WEEKEND IS A 3-DAY EVENT IN WHICH ENTREPRENEURS PITCH IDEAS FOR A STARTUP, FORM TEAMS AROUND THOSE IDEAS, AND BUILD THAT IDEA INTO A BUSINESS. LAKELAND'S 1ST TECHSTARS STARTUP WEEKEND EVENT CONSISTED OF 45+ ATTENDEES, WITH SEVERAL STUDENTS FROM BOTH FLORIDA POLYTECHNIC UNIVERSITY AND FLORIDA SOUTHERN COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CATAPULT 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. CO.STARTERS, TWO COHORTS OF CO.STARTERS WERE OFFERED THIS YEAR - ONE FACILITATED BY DICK PELLEGRINI AND THE OTHER FACILITATED BY ROBERT BLACKLIDGE AND LUCIA FORERO. A TOTAL OF 18 BUSINESSES PARTICIPATED IN THIS NINE-WEEK COURSE THAT EQUIPS ENTREPRENEURS WITH THE INSIGHTS, RELATIONSHIPS, AND TOOLS NEEDED TO TURN IDEAS INTO ACTION. PLANS ARE IN PROCESS WITH THE MAYOR TO BRING THIS PROGRAM TO AN UNDER-REPRESENTED SEGMENT OF THE COMMUNITY IN 2020. CAT WALK CATAPULT & PILGRIM ASSOCIATES CREATED, AND IMPLEMENTED, A PILOT PROJECT FOR LAKELAND ENTREPRENEURS IN 2018 WHICH FOCUSES ON PEER GROUP COACHING. CAT WALK IS DESIGNED FOR ENTREPRENEURS THAT HAVE SUCCESSFULLY LAUNCHED AND ARE NOW FOCUSING ON SCALING THEIR BUSINESS. DELIVERABLES INCLUDE: "MAKING BETTER DECISIONS - STAYING STRATEGIC RATHER THAN TACTICAL. HAVING YOUR ANSWERS QUESTIONED. "ACCOUNTABILITY - COLLECTIVE ACCOUNTABILITY TASKS, "WHAT GETS MEASURED, GETS DONE." "GROWTH - MEMBERS LEARN FROM HAVING THEIR ISSUES WORKED BY THE GROUP AS WELL AS WORKING ON OTHER MEMBERS' ISSUES. OCCASIONALLY, SPEAKERS ARE BROUGHT TO THE GROUP FOCUSING ON SPECIFIC AREAS OF BUSINESS NEEDS AND INTERESTS. "ISOLATION - THE "LONELY AT THE TOP SYNDROME" IS ADDRESSED THROUGH NON- JUDGMENTAL, TRUSTED AND CONFIDENTIAL DISCUSSIONS IN EACH OTHERS' DEVELOPMENT, AKA, INFORMAL BOARD OF ADVISORS. "CHANGE - DEVELOPING THE COURAGE/CONFIDENCE TO DISCUSS AND IMPLEMENT THE APPROPRIATE CHANGE IN YOUR BUSINESS AND PERSONAL DEVELOPMENT. CURRENTLY, THERE ARE 10 BUSINESSES PARTICIPATING IN THIS PROGRAM WITH A GOAL OF ADDING TWO COMPANIES IN 2020. LAKELAND ENTREPRENEUR AWARDS CATAPULT SECURED AN AGREEMENT WITH SADDLE CREEK LOGISTICS TO BE THE PRESENTING SPONSOR FOR OUR NEW ANNUAL LAKELAND ENTREPRENEUR AWARDS. THE TOTAL VALUE OF THIS SPONSORSHIP IS 125,000 OVER A 5-YEAR PERIOD. IN ADDITION, AGAMERICA AGREED TO SPONSOR A KEYNOTE SPEAKER WHICH IS A 250,000 GIFT OVER A 5-YEAR PERIOD. OUR FIRST EVENT WAS SOLD OUT WITH 400 GUESTS, 4 AWARDEES, AND AN ADDITIONAL 75,000 IN INCOME TO CATAPULT. THE 2020 EVENT IS ALREADY SOLD OUT. ENTERPRENUHER THE CATAPULT TEAM CONTINUED THE SUCCESS OF THE PILOT ENTREPRENUEHER EVENT FROM LAST FALL. THIS YEAR'S EVENTS INCLUDED A RECIPE TO SCALE: FIRESIDE CHAT WITH BERNA NAR AND STEPHANIE GREGG AS WELL AS WHAT DOES YOUR CUSTOMER WANT TO HEAR FROM YOU? FACILITATED BY NYRKA RISKIN. THESE EVENTS BROUGHT IN 100+ WOMEN TO CATAPULT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INTRO TO ENTREPRENEURSHIP - ENTREPRENEURSHIP TRAINING, FOR THE REST OF US. WE BUILT INTRODUCTION TO ENTREPRENEURSHIP AS A BUSINESS TRAINING PROGRAM FOR ASPIRING ENTREPRENEURS. WE TEACH BUSINESS FUNDAMENTALS - CUSTOMER DEVELOPMENT, BRANDING ESSENTIALS AND BASIC FINANCIALS, AMONG OTHER THINGS - WITH A WELCOMING, HANDS-ON AND HUMAN APPROACH. INNOVATION & DESIGN COURSE OUR EDUCATION PARTNERS POLK STATE COLLEGE, FLORIDA SOUTHERN COLLEGE, SOUTHEASTERN UNIVERSITY, FLORIDA POLYTECHNIC UNIVERSITY AND KEISER UNIVERSITY HAVE CREATED AN INTERCOLLEGIATE INTERDISCIPLINARY INNOVATION, FOUR CREDIT HOUR COURSE TO BE TAUGHT AT CATAPULT. THE COURSE WILL BE OFFERED AT BOTH THE UNDERGRADUATE AND GRADUATE LEVELS. STUDENTS FROM EACH OF THESE EDUCATIONAL INSTITUTIONS WOULD FORM TEAMS OF 5-7, WITH 5 TO 7 TEAMS PARTICIPATING IN THE COURSE. TEAMS WOULD BE SELECTED ON THE BASIS OF FUNCTIONAL/INDUSTRY INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CATAPULT'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. THE RELATIONSHIP BETWEEN MENTOR AND MENTEE WILL LAST 3-MONTHS. THEY CALL OR MEET ONCE A MONTH FOR PERHAPS COFFEE OR LUNCH. EACH MEETING IS APPROXIMATELY 60 TO 90 MINUTES. WHILE EACH MENTOR WILL HAVE HIS OR HER OWN STYLE, REMEMBER THE PRIMARY GOAL OF THESE MEETINGS IS TO ATTACK A SPECIFIC CHALLENGE FACING THE MENTEE'S BUSINESS AND MAKE FORWARD PROGRESS. OUR PROGRAM IS OPEN TO ALL CATAPULT ENTREPRENEURS, BUT THE BEST CANDIDATES ARE USUALLY ACTIVELY WORKING ON A STARTUP AND HAVE A SPECIFIC TOPIC OR PROBLEM WHERE THEY COULD USE HELP FROM AN EXPERIENCED MENTOR. CATAPULT LAKELAND ALSO OFFERS THE FOLLOWING WEEKLY EDUCATIONAL PROGRAMMING: LUNCH & LEARNS WORKSHOPS - 1 HOUR TRAINING ON A SPECIFIC TOPIC; SEMINARS - 2 TO 3-HOUR IN-DEPTH TRAINING ON A SPECIFIC TOPIC; OFFICE HOURS - QUESTIONS ANSWERED BY A PROFESSIONAL. MORE THAN 1000 PEOPLE HAVE PARTICIPATED IN FREE OR LOW-COST EDUCATIONAL WORKSHOPS AND TRAINING IN 2017. 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. CATAPULT BROUGHT BACK THE LAUNCH MICRO-GRANT PROGRAM THIS YEAR, HOSTING THE FIRST EVENT AT FLORIDA POLYTECHNIC UNIVERSITY. A STUDENT COMPONENT WAS ADDED TO ALLOW STUDENTS TO PITCH FOR UP TO 2,500 FOR THEIR STARTUPS. THREE POLY STUDENT COMPANIES WERE AWARDED A GRANT, IN ADDITION TO HONEYCOMB BREAD BAKERS IN THE SPRING. THIS FALL'S EVENT IS SCHEDULED FOR NOVEMBER 14TH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER ACCOMPLISHMENTS SPOTLIGHTS THE LEDGER CONTINUED THEIR SPOTLIGHT DONATION FOR ANOTHER YEAR AND DONATED OVER 25,000 IN PRINT ADVERTISING TO CATAPULT IN 2019. IN 2019, 46 ENTREPRENEURS WERE FEATURED IN THE SUNDAY BUSINESS SECTION OF THE LEDGER, CATAPULT'S WEBSITE (9,300+ PAGEVIEWS) & FACEBOOK (5,500 ENGAGEMENTS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 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/ExplanationTxt9WE MONITOR ANY INTERESTS WITH OUR BOARD OF DIRECTORS AND VOLUNTEER LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE 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
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