Nonprofit · EIN 80-0945525
CATAPULT LAKELAND INC
Tax-exempt · LAKELAND, FL 33801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,656,711 | $1,770,921 | -$114,210 | $12,097,602 | $3,868 | $12,093,734 |
| December 31, 2023 | 990 | $1,549,205 | $1,623,096 | -$73,891 | $12,207,944 | $0 | $12,207,944 |
| December 31, 2022 | 990 | $1,506,846 | $1,706,392 | -$199,546 | $12,299,274 | $17,439 | $12,281,835 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $969,742
- Membership dues
- $535,684
- Program service revenue
- $582,425
- Investment income
- $104,432
- Other revenue
- $112
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $529,646
- Salaries, compensation and benefits (total)
- $705,044
- Professional fundraising fees
- $0
- Legal fees
- $6,765
- Travel
- $6,443
- Depreciation
- $269,455
- Program services (functional)
- $1,468,781
- Management and general (functional)
- $302,140
Balance sheet and other
- Total assets, start of year
- $12,207,944
- Total assets, end of year
- $12,097,602
- Total liabilities, end of year
- $3,868
- Net assets, end of year
- $12,093,734
- Land, buildings and equipment
- $9,553,402
- Publicly traded securities
- $798,597
- Net assets without donor restrictions
- $12,087,090
- Net assets with donor restrictions
- $6,644
- Gross receipts
- $1,656,711
- Employees
- 18
- Year formed
- 2013
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIN STRAWBRIDGE | PRESIDENT Officer | 60 | $103,500 |
| NICHOLAS J BARNETT | DIRECTOR Trustee or director | 1 | $0 |
| WESLEY BECK | TREASURER Trustee or director, Officer | 2 | $0 |
| LEILA BLACKING | PAST CHAIRMA Trustee or director, Officer | 2 | $0 |
| SYLVIA BLACKMON-ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HALLOCK JR | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE MADDEN | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| CALLIE NESLUND | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN PHILPOT | SECRETARY Trustee or director, Officer | 2 | $0 |
| STEVEN J SCRUGGS | DIRECTOR Trustee or director | 1 | $0 |
| ADAM WHELCHEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIN STRAWBRIDGE | PRESIDENT Officer | 60 | $92,980 |
| HOYT BARNETT | DIRECTOR Trustee or director | 1 | $0 |
| WESLEY BECK | TREASURER Trustee or director, Officer | 3 | $0 |
| LEILA BLACKING | PAST CHAIRMA Trustee or director, Officer | 1 | $0 |
| SYLVIA BLACKMON-ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HALLOCK JR | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE MADDEN | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| CALLIE NESLUND | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN PHILPOT | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVEN J SCRUGGS | DIRECTOR Trustee or director | 3 | $0 |
| ADAM WHELCHEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOYT BARNETT | DIRECTOR Trustee or director | 1 | $0 |
| WESLEY BECK | TREASURER Trustee or director, Officer | 1 | $0 |
| LEILA BLACKING | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DAVID HALLOCK JR | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE MADDEN | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| CALLIE NESLUND | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN PHILPOT | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVEN J SCRUGGS | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTIN STRAWBRIDGE | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 502 E MAIN ST, LAKELAND, FL 33801-5014
- In care of
- % LAURA L TAYLOR
- Principal officer (990 for 2024)
- CHRISTIN STRAWBRIDGE, 502 EAST MAIN STREET, LAKELAND, FL 33801
- Signed the 990
- CHRISTIN STRAWBRIDGE, PRESIDENT
- Phone
- (863) 940-9660
- Website
- HTTP://CATAPULTLAKELAND.COM/
- Return prepared by
- WALL TITUS LLC
Mission
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. OVER THE YEARS, OUR STAFF HAS BEEN LASER-FOCUS ON BUILDING A STATE-OF-THE- ART FACILITY. LED BY CHRISTIN STRAWBRIDGE AND A WONDERFUL TEAM OF COLLABORATORS, THIS BUILDING ALLOWS US TO BETTER SERVE LAKELAND'S ENTREPRENEURS AND ACCOMPLISH OUR MISSION OF FOSTERING THE GROWTH OF STARTUPS IN LAKELAND BY PROVIDING AFFORDABLE SPACE, THOUGHTFUL EDUCATION, AND FUNDING OPPORTUNITIES. OUR MISSION IS TO INCREASE THE VIABILITY OF STARTUPS AND CATAPULT WAS CREATED TO HELP FACILITATE GROWTH FOR LA
Program accomplishments
- 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. REFLECTING ON 2024, WE ARE FILLED WITH DEEP GRATITUDE FOR THIS COMMUNITY AND THE INSPIRING WORK HAPPENING AT CATAPULT. EVERY DAY, WE HAVE THE PRIVILEGE OF SUPPORTING ENTREPRENEURS AS THEY CREATE, INNOVATE, AND ADAPT. CELEBRATING 10 YEARS OF CATAPULT PROMPTED US TO TAKE A DEEPER LOOK AT OUR IMPACT BY ANALYZING WHAT IS WORKING AND WHAT IS NOT, WHERE WE SEE THE MOST MOMENTUM, AND HOW WE CAN BEST SERVE FOUNDERS MOVING FORWARD. OVER THE PAST DECADE, CATAPULT HAS HELPED LAUNCH 55 STARTUPS INTO THEIR OWN BRICK-AND- MORTAR SPACES, FACILITATED MORE THAN 400,000 IN MICRO-GRANTS, AND PROVIDED HUNDREDS OF BUSINESSES WITH THE RESOURCES TO TEST AND REFINE THEIR IDEAS. OUR MEMBERS SPAN DIVERSE INDUSTRIES, BUT WE'VE SEEN SIGNIFICANT GROWTH IN CULINARY AND MANUFACTURING, TWO SECTORS WHERE WE CONTINUE TO SEE STRONG MOMENTUM. WITH THIS IN MIND, WE ARE DOUBLING DOWN ON HIGH-IMPACT PROGRAMMING BY FOCUSING ON INDUSTRIES AND ENTREPRENEURS WHO ARE READY TO SCALE. WHETHER IT'S THROUGH OUR KITCHEN INCUBATOR, MAKERSPACE, OR WORKSPACE, WE REMAIN COMMITTED TO CONTINUOUS LEARNING AND ITERATION, ENSURING THAT FOUNDERS HAVE THE TOOLS, MENTORSHIP, AND CONNECTIONS TO TURN THEIR VISION INTO REALITY. AT OUR CORE, WE EXIST TO EMPOWER ENTREPRENEURS TO BUILD THRIVING BUSINESSES THAT CONTRIBUTE TO LAKELAND'S ECONOMY. THIS INCLUDES SUPPORTING STARTUPS AS THEY GROW INTO STOREFRONTS, CREATE JOBS, AND EXPAND THEIR MARKET REACH. NONE OF THIS WOULD BE POSSIBLE WITHOUT THE GENEROSITY OF OUR DONORS, MENTORS, AND COMMUNITY PARTNERS. THEIR SUPPORT MAKES IT POSSIBLE FOR FOUNDERS TO REDUCE OVERHEAD COSTS, ACCESS VALUABLE RESOURCES, AND INCREASE CHANCES OF LONG-TERM SUCCESS.Expenses $540,011 · revenue $135,919
- 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 $393,917 · revenue $227,837
- 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 ENGINEERINGExpenses $534,853 · revenue $218,669
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0945525
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $12,097,602
- Income (IRS master file)
- $1,656,711
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,656,711 | $1,770,921 | $12,097,602 | XML |
| 990 | December 2023 | $1,549,205 | $1,623,096 | $12,207,944 | XML |
| 990 | December 2022 | $1,506,846 | $1,706,392 | $12,299,274 | XML |
| 990 | December 2021 | $908,790 | $1,168,792 | $12,484,632 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0945525).
Questions about CATAPULT LAKELAND INC
- What is the EIN of CATAPULT LAKELAND INC?
- The employer identification number (EIN) of CATAPULT LAKELAND INC is 80-0945525.
- Is CATAPULT LAKELAND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to CATAPULT LAKELAND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATAPULT LAKELAND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CATAPULT LAKELAND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CATAPULT LAKELAND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CATAPULT LAKELAND INC?
- The 990 for the year ended December 31, 2024 names CHRISTIN STRAWBRIDGE.
- Who are the officers and directors of CATAPULT LAKELAND INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $103,500 (CHRISTIN STRAWBRIDGE, PRESIDENT).
- How much revenue does CATAPULT LAKELAND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,656,711, expenses of $1,770,921 and total assets of $12,097,602 at year end.
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