CATAPULT LAKELAND INC

Address
226 N KENTUCKY AVE
LAKELAND, FL 33801
Contact
Website: http://catapultlakeland.com/
Phone: +1 (863) 687-3788
Nonprofit
NTEE: S30 - Economic Development
EIN: 80-0945525

Mission

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. 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; ENABLE THE DEVELOPMENT OF VISIONARY IDEAS FOR THE LAKELAND COMMUNITY; SHOWCASE ENTREPRENEURIAL SUCCESSES AND IDEAS, AS WELL AS ESTABLISH A PLATFORM FOR SOCIAL INTERACTION.
 201620152013
Basic features of the organization
Year of formation2013
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area3980
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $0.00 
Sum of reportable (W2/1099) compensation $0.00 
Number of employees160 
Number of people compensated >$100k 0 
Number of volunteers6575 
Number of highly compensated contractors 0 
Personnel
Anderson, L
Title PAST CHAIRMAN 
Name of key/compensated person L IRA ANDERSON 
Position of compensated person
Current individual trustee or director True 
Average hours per week working for org 1.0 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Baylis, Todd
TitleSECRETARYTreasurer 
Name of key/compensated personTODD BAYLISTODD BAYLIS 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.0 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Beck, Wesley
TitleVICE CHAIRMADIRECTOR 
Name of key/compensated personWESLEY BECKWESLEY BECK 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.0 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Chamberlain, Jeff
TitleDIRECTORDIRECTOR 
Name of key/compensated personJEFF CHAMBERLAINJEFF CHAMBERLAIN 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.0 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Hallock, David
TitlePRESIDENTSecretary 
Name of key/compensated personDAVID HALLOCK JRDAVID D HALLOCK 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.0 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Petcoff, Cory
TitleMEMBER  
Name of key/compensated personCORY PETCOFF  
Position of compensated person
Current individual trustee or directorTrue  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Philpot, Brian
TitleDIRECTORCHAIRMAN 
Name of key/compensated personBRIAN PHILPOTBRIAN PHILPOT 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.0 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCATAPULT 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. 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; ENABLE THE DEVELOPMENT OF VISIONARY IDEAS FOR THE LAKELAND COMMUNITY; SHOWCASE ENTREPRENEURIAL SUCCESSES AND IDEAS, AS WELL AS ESTABLISH A PLATFORM FOR SOCIAL INTERACTION.Catapult Lakeland, Inc. was established in august 2013 to help fuel the formation and developement of start-up companies and innovative ideas in the lakeland, florida area 
Program service expenses, total$692,188.00$188,982.00 
Programs, including revenue & expenses
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.
Program expenses $113,390.00 
Program revenue $93,850.00 
Program descriptionCATAPULT 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.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. 
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.
Program expenses $37,796.00 
Program descriptionCATAPULT'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.Catapults mentor program facilitates 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. 
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.
Program expenses $37,796.00 
Program descriptionINTRO 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.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 during a semester The course will be offered at both the undergraduate and graduate levels. 
Financial data
Revenue
Total revenue$1,853,655.00$2,418,190.00 
Revenue from contributions (total)$1,815,196.00$2,343,047.00 
Revenue from noncash contributions$140,768.00  
Investment income, current yr$884.00$302.00 
Total revenue from grants, etc., current yr$1,815,196.00$2,343,047.00 
Other revenue, current yr$0.00$3,216.00 
Program service revenue (total)$37,575.00$71,625.00 
Sources of contributions
Contributions revenue from membership dues$78,890.00  
Contributions from related organizations$140,768.00$45,000.00 
Revenue from all other contributions$1,595,538.00$2,298,047.00 
Other types of revenue
Royalties (total) $0.00 
Miscellaneous revenue (total) $3,216.00 
Net revenue from gaming (total) $0.00 
Investment income$884.00$302.00 
Net rental income $0.00 
Net income from fundraising events $0.00 
Net inventory sales (total) $0.00 
Expense categories (totals)
Total functional expenses: sum of all$838,569.00$264,038.00 
Total functional expenses: program service $692,188.00$188,982.00 
Total functional expenses: management and general$146,381.00$75,056.00 
Total functional expenses: fundraising$0.00$0.00 
Fees for services
Lobbying fees (total) $0.00 
Legal fees (total)$581.00$0.00 
Fundraising service fees (total)$0.00$0.00 
General management fees (total) $0.00 
Investment management fees (total) $0.00 
Assets and liabilities
Total assets$3,527,030.00$2,507,878.00 
Total assets, beginning of year$2,507,878.00$353,359.00 
Total liabilities$7,895.00$3,829.00 
Total liabilities, beginning of year$3,829.00$3,829.00 
Pledges & accounts receivable, net $0.00 
Loans & receivables from key persons $0.00 
Unrestricted net assets, end of yr$3,519,135.00$2,504,049.00 
Temporarily restricted net assets $0.00 
Permanently restricted net assets, end of yr $0.00 
Net assets$3,519,135.00$2,504,049.00 
Net assets, beginning of year$2,504,049.00$349,530.00 
Other liabilities$7,895.00$3,829.00 
Bond liabilities $0.00 
Intangible assets $0.00 
Other assets$140,456.00$23,435.00 
Investments: other securities $0.00 
Investments: publicly traded securities $0.00 
Cash: non-interest bearing$1,259,193.00$1,350,345.00 
Cash: non-interest bearing, beginning of year$1,350,345.00$113,482.00 
Investments -- program-related $0.00 
Escrow or custodial account liability $0.00 
Loans and other payables to key persons $0.00 
Grants payable $0.00 
Inventories for sale or use $0.00 
Other financial variables
Revenue less expenses$1,015,086.00$2,154,152.00 
Advertising (total)$65,966.00$10,397.00 
Savings & temp cash investment $0.00 
Accounts receivable, net $45,000.00 
Prepaid expenses & deferred charges $0.00 
Accounts payable & accrued expenses $0.00 
Deferred revenue $0.00 
Unsecured notes & loans to unrelated parties $0.00 
Secured mortgages and notes payable $0.00 
Total net assets or fund balances$3,519,135.00$2,504,049.00 
Depreciation, depletion, amortization$40,704.00$17,110.00 
Payment to affiliates $0.00 
Governance and accountability
Number of voting members66 
Number of independent voting members66 
Financial sheets were auditedTrue  
Accrual accountingTrueTrue 
Tax year start date2016-01-012015-01-01 
Tax year end date2016-12-012015-12-012013-12-01
Indicators for schedules (selected)
Business transaction with entity ownerTrue  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990 
IRS schema version2016v3.12015v2.1 
Filing identifier201820319349300317201613209349300631 
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