EIN 80-0945525

Catapult Lakeland

IRS 501(c) type
501(c)(3)
Num. employees
15
State
Year formed
2013
Most recent tax filings
2023-12-01
Description
Catapult Lakeland is a small business development organization in Lakeland, FL whose mission is: Catapult Lakeland, Inc. a community-centered entrepreneur center located in Lakeland, fl.
Total revenues
$1,549,205
2023
Total expenses
$1,623,096
2023
Total assets
$12,207,944
2023
Num. employees
15
2023

Program areas at Catapult Lakeland

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. Catapult fosters the growth of startups by listening to members' needs and connecting them with resources to help them grow their businesses. People with varying backgrounds and different dreams all come together because of their shared passion to start something new. Through a membership at Catapult, startup founders get access to resources to propel their business forward.
Catapult's mentor program facilities one-on-one relationships that are mutually beneficial to both mentor and mentee. These individual relationships result in personal and professional accomplishments for both parties. All other aspects of the program inherently support the relationship and well-rounded development of the mentee. Programs include: experts in residence - Catapult's six different experts in residence provide one-on-one guidance to founders in areas such as accounting, human resources, and branding. These meetings help entrepreneurs get answers to their specific questions, brainstorm new ideas, and solve immediate problems. Seed-to-scale program - through Florida southern college's center for free enterprise and entrepreneurship, students who are building innovative businesses can utilize the equipment, programs, and connections available through membership at Catapult. Upon graduation, two students have continued full-time membership. Advisory board pilot - as part of a pilot program, we created an advisory board for the makerspace to connect founders with experienced business leaders. During the meetings, they brainstormed solutions in a variety of areas such as hiring, lease agreements, sales opportunities, and many more. Rapid prototyping class - in partnership with southeastern university, the first college class was hosted in the makerspace. Through the class, 18 students learned about the software and hardware of 3d-printing and were able to completely design and print something that solved a problem they experience in their daily life.
Since Catapult is home to a variety of businesses, we felt the need to hone in on the startups that we can best serve rather than trying to be everything to everyone. With an initial goal of discovering the members that are most aligned with Catapult's mission, this shift has allowed us to build more targeted resources. Mission-fit members have coachable mindsets and are building startups that are innovative and scalable. Mission-fit members are in the workspace, kitchen, and makerspace. They are in all stages of business with various backgrounds but find common ground over a desire to grow on a local, national, or global scale. In order to support mission-fit members in a variety of different industries, Catapult facilitates education through a one-on-one mentorship model. This program connects founders that are hungry to learn with industry experts that are willing to share advice. Experts in residence technical advisors are hired by Catapult to provide help in key business areas. They have a presence at Catapult, whether in-person or online, for several hours per week and are often available for follow-up meetings. Technical advisors are hired by Catapult to provide help in key business areas. They have a presence at Catapult, whether in-person or online, for several hours per week and are often available for follow-up meetings. Have niche expertise and can provide tangible, situation-specific advice to founders on a one-off basis. They volunteer up to two hours a month to meet with startup founders who are recommended by Catapult's staff. The list of technical advisors is constantly growing. Member numbers: total members - 279: workspace - 197; kitchen - 39; makerspace - 43. Incubator participants - 109. Launched businesses - 3. Launch: launch is a community-based effort lead, and funded, by local financial institutions to Catapult that is created to assist local entrepreneurs. Launch's goal is to help Lakeland entrepreneurs take their business concept to the next level. Launch will do this by providing grants to entrepreneurs who can successfully pitch their concepts to launch's team. Pitch sessions - are held 2 to 3 times per year at Catapult. Applications are available online at catapultlakeland.com. Advisory board members attend pitch sessions, give their input in a closed-door session following the pitches and the pitch judges will vote on grant awards. The public is invited to attend pitch sessions. It's like shark tank. But with happy people.

Who funds Catapult Lakeland

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Givewell Community FoundationCity & Community Dev$300,000
The Bank of America Charitable FoundationProgram/operating Support$10,000
Charities Aid Foundation of AmericaCharitable Donation$5,298
...and 2 more grants received

Financials for Catapult Lakeland

RevenuesFYE 12/2023
Total grants, contributions, etc.$949,580
Program services$521,428
Investment income and dividends$76,697
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,500
Total revenues$1,549,205

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Startup ColoradoSilverthorne, CO$456,575
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Mortar CincinnatiCincinnati, OH$1,352,116
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Data update history
July 4, 2025
Received grants
Identified 3 new grant, including a grant for $5,298 from Charities Aid Foundation of America
March 31, 2025
Posted financials
Added Form 990 for fiscal year 2023
March 26, 2025
Updated personnel
Identified 2 new personnel
March 25, 2025
Received grants
Identified 2 new grant, including a grant for $300,000 from Givewell Community Foundation
June 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsSchoolsCharities
Issues
EducationEconomic developmentBusiness and industry
Characteristics
MembershipsState / local levelTax deductible donationsAccepts online donations
General information
Address
502 E Main St
Lakeland, FL 33801
Metro area
Lakeland-Winter Haven, FL
County
Polk County, FL
Website URL
catapultlakeland.com/ 
Phone
(863) 687-3788
IRS details
EIN
80-0945525
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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