NonprofitsCatapult Lakeland Inc

Community Improvement & Capacity Building

Catapult Lakeland Inc

LAKELAND, FL

Total revenue

$1.7M

Total expenses

$1.8M

Net assets

$12.1M

Grants received

$190K

13 grants

EIN

800945525

Tax year

2024

Mission

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

Programs

2 programs

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.

Expenses: $394K

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

Expenses: $535K

Financials

FY 2024

Revenue

Contributions & grants$970K
Program service revenue$582K
Investment income$104K
Other revenue$112
Total revenue$1.7M

Expenses

Grants paid
Salaries & benefits$705K
Fundraising
Other expenses$1.1M
Total expenses$1.8M
Total assets$12.1M
Net assets$12.1M

People

11 listed

NameRoleCompensation

CHRISTIN STRAWBRIDGE

PRESIDENT

Board

$104K

60 hrs/wk

NICHOLAS J BARNETT

DIRECTOR

Board

1 hrs/wk

WESLEY BECK

TREASURER

Board

2 hrs/wk

LEILA BLACKING

PAST CHAIRMA

Board

2 hrs/wk

SYLVIA BLACKMON-ROBERTS

DIRECTOR

Board

1 hrs/wk

DAVID HALLOCK JR

DIRECTOR

Board

1 hrs/wk

STEPHANIE MADDEN

CHAIRMAN

Board

2 hrs/wk

CALLIE NESLUND

DIRECTOR

Board

1 hrs/wk

BRIAN PHILPOT

SECRETARY

Board

2 hrs/wk

STEVEN J SCRUGGS

DIRECTOR

Board

1 hrs/wk

ADAM WHELCHEL

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 13 of 13

FromAmountPurposeYear
$43K
GENERAL SUPPORT
2024
$10K
CITY & COMMUNITY DEV
2024
$10K
PROGRAM/OPERATING SUPPORT
2023
$5K
CHARITABLE DONATION
2023
$50K
GENERAL OPERATING
2022
$10K
PROGRAM/OPERATING SUPPORT
2022
$5K
CHARITABLE DONATION
2022
$5K
CHARITABLE DONATION
2021
$30K
Donor Designated for Disaster/ Emergency Relief
2020
$5K
CATAPULT EDUCATION PROGRAM - CO.STARTERS
2019
$7K
PROGRAM/OPERATING SUPPORT
2018

Funded by

$190K from 7 funders · 13 grants · 2018–2024

Truist Foundation Inc

$50K · 1 grant · 2022

Agamerica Giving Inc

$43K · 1 grant · 2024

The Bank of America Charitable Foundation Inc

$37K · 5 grants · 2018–2023

United Way of Central Florida Inc

$30K · 1 grant · 2020

Charities Aid Foundation America

$16K · 3 grants · 2021–2023

Givewell Community Foundation Inc

$10K · 1 grant · 2024

Td Charitable Foundation

$5K · 1 grant · 2019

Details

EIN800945525
NTEE codeS30
Subsection03
Ruling date2013-12
Formed2013
Employees18
CATAPULT LAKELAND INC — Mission, Financials & Grants Received | Grantivo