Overview
What is Catapult Lakeland Inc?
Catapult Lakeland Inc, located in Lakeland, Florida, is a community-centered entrepreneur center dedicated to fostering the growth of startups in the Lakeland area and Central Florida. With an affordable membership structure, thoughtful education, and funding opportunities, Catapult Lakeland provides a nurturing environment for entrepreneurs to flourish and develop their ideas. Over the past five years, the organization has focused on building a state-of-the-art facility led by Christina Graham and her team, providing affordable space, education, and funding to help startup growth in Lakeland. Catapult Lakeland's mission is to increase the viability of startups by putting creative capital to work through educational and mentoring programs, supporting the professional growth of entrepreneurs, artisans, and emerging leaders, and helping them build and develop sustainable and viable ventures. The organization has made significant strides in the last few years, including hosting pitch nights, selling holiday gift boxes, and creating a small business emergency fund during the COVID-19 pandemic.
Official website here: www.catapultlakeland.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Catapult Lakeland Inc has received a 77% score from Charity Navigator, indicating a decent level of accountability and financial health. The organization demonstrates a solid commitment to transparency with all its board members being independent and a good record of asset management, scoring full points in areas like material diversion of assets and program expense ratios.
However, the organization lacks a whistleblower policy, which may raise some concerns regarding internal governance. Despite this limitation, Catapult Lakeland's strong program expense ratio of over 85% suggests that a significant portion of its funds is directed towards its mission-driven initiatives, reflecting effective use of resources. Overall, while there are areas for improvement, the organization displays a commendable level of financial responsibility and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Catapult Lakeland Inc legitimate?
Catapult Lakeland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catapult Lakeland Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $412,979
For more financial information, click here
Official website here: www.catapultlakeland.com/
What is the mission statement of Catapult Lakeland Inc?
Catapult, an entrepreneurial center, aims to foster the growth of startups by providing affordable membership, thoughtful education, and funding opportunities. Its mission is to increase the viability of these businesses. Through educational and mentoring programs, it supports the professional growth of entrepreneurs, artisans, and emerging leaders. It helps entrepreneurs build and develop sustainable ventures, enabling the development of visionary ideas for the community. Catapult showcases entrepreneurial successes and ideas, establishing a platform for social interaction, thereby contributing to the community's development.
Official website here: www.catapultlakeland.com/
Who is the CEO of Catapult Lakeland Inc?
Christin Strawbridge is the Director of Catapult Lakeland Inc.
Official website here: www.catapultlakeland.com/
What is the revenue of Catapult Lakeland Inc?
Catapult Lakeland Inc's revenue in 2021 was $908,790.
Official website here: www.catapultlakeland.com/
Who are the executives of Catapult Lakeland Inc and what are their salaries?
The average compensation at Catapult Lakeland Inc during 2021 was $27,532. There are 15 employees and 80 volunteers at Catapult Lakeland Inc.
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Official website here: www.catapultlakeland.com/
Where can I find the form 990 for Catapult Lakeland Inc?
Catapult Lakeland Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.catapultlakeland.com/
Learn more at the official website: www.catapultlakeland.com/
Mission Statement of Catapult Lakeland Inc
Catapult, a community-centered entrepreneur center, is dedicated to fostering the growth of startups in various sectors. The organization provides an affordable membership, thoughtful education, and funding opportunities to local entrepreneurs in the Lakeland, Florida, and Central Florida area, aiming to help them establish and grow their businesses. Led by Christina Graham and her team of collaborators, Catapult has built a state-of-the-art facility to better serve the entrepreneurs in Lakeland, ensuring they can flourish and develop innovative ideas.
The mission of Catapult is to catalyze the viability of startups by offering educational and mentoring programs. These programs support the professional growth of entrepreneurs, artisans, and emerging leaders, helping them build and develop sustainable and viable ventures. Catapult also encourages the development of visionary ideas for the Lakeland and Central Florida community, showcasing entrepreneurial successes and ideas while providing a platform for social interaction. By putting creative capital to work, Catapult aims to contribute to the growth and development of the local entrepreneurial ecosystem.
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Impact
July, 2024
Catapult Lakeland Inc, a community-centered entrepreneur center located in Lakeland, FL, has a significant impact on fostering the growth of startups in the Lakeland and Central Florida area. By providing affordable membership, thoughtful education, and funding opportunities, Catapult Lakeland Inc aims to drive local businesses forward. The organization serves as a space where entrepreneurs can flourish, develop ideas, and establish and grow businesses in the Lakeland area through education and mentoring opportunities.
Over the past five years, Catapult Lakeland Inc has worked diligently to build a state-of-the-art facility led by Christina Graham and a dedicated team. Through various programs such as the Consumer Packaged Goods Accelerator, Experts in Residence program, and initiatives like creating holiday gift boxes and hosting the Lakeland Entrepreneur Awards, Catapult Lakeland Inc has played a pivotal role in supporting entrepreneurs in the community.
Additionally, the organization has made a tangible impact by creating the COVID-19 Small Business Emergency Fund to provide grants to stabilize local restaurants and small businesses during the pandemic. Through initiatives like Launch Catapult, where grants are awarded to businesses, Catapult Lakeland Inc continues to support and nurture the entrepreneurial ecosystem in Lakeland. With a mission to increase the viability of startups and foster entrepreneurial-minded community growth, Catapult Lakeland Inc stands out as a key player in driving innovation and economic development in the region.
This information is meant to be a general summary of Catapult Lakeland Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: -$86,667
- Program Service Revenue: $318,981
- Gross Receipts: $1,034,112
Assets and Liabilities:
- Total Assets: $12,484,632
- Total Liabilities: $3,251
- Net Assets: $12,481,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASSROOM RENTAL, ETC.
Revenue
$108,456
CATAPULT KITCHEN
Revenue
$79,079
AWARDS DINNER
Revenue
$75,000
KITCHEN HOLIDAY BOXES
Revenue
$43,907
MAKER SPACE
Revenue
$12,539
Organization Details
Founding Year
2013
Phone
(863) 687-3788Principal Officer
Christin Strawbridge
Main Address
502 E MAIN STREET, LAKELAND, FL, 33801
Website
www.catapultlakeland.com/NTEE Category
Code: S30 - Community improvement
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