Catapult Employers Association Inc
- Assets
- $29.9m
- Revenue
- $11.2m
- Investments
- $7.1m
- Employees
- 107
- Location
- Charlotte, NC
- Founding
- 04/1960
- Data as of
- 12/2022
- EIN
- 56-0670576
Organization Overview
Catapult Employers Association Inc is located in Charlotte, NC. The organization was established in 1960. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Catapult Employers Association Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catapult Employers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Catapult Employers Association Inc generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $10.4m during the year ending 12/2022. While expenses have increased by 28.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CATAPULT PROVIDES EMPLOYERS WITH THE CONFIDENCE TO NAVIGATE EVERYDAY OPERATIONAL CHALLENGES, MAKING WORKPLACES MORE EFFECTIVE AND EMPLOYEES MORE SUCCESSFUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - NEWS GATHERING AND PUBLICATION, REGULATORY SYNTHESIS, BEST PRACTICE ACCUMULATION AND DISSEMINATION, DATA COLLECTION AND DISTRIBUTION ON WORKPLACE NEEDS, PUBLIC ISSUE EDUCATION AND ADVOCACY RELATED TO THE WORKPLACE, EVENTS AND WEBINARS AVAILABLE TO ALL EMPLOYERS PROMOTING REGULATORY COMPLIANCE, AND MULTIPLE METHODS FOR SHARING INFORMATION AND LESSONS-LEARNED ALLOW FOR MEMBER INTEGRATION AND NETWORKING.
PUBLIC TRAINING - WE SERVED OVER 500 EMPLOYERS WITH HUNDREDS OF EXPERT-LED EVENTS AND CONFERENCES AVAILABLE TO ALL NC EMPLOYERS, PROVIDING OVER 5,000 OF THEIR EMPLOYEES WITH THE TOOLS NECESSARY FOR WORKPLACE SUCCESS AS MANAGERS, LEADERS, AND PROFESSIONALS; EXPLAINED METHODS FOR REGULATORY COMPLIANCE WITH STATE AND FEDERAL LAWS; MAINTAINED PROFESSIONAL STANDARDS AND CERTIFICATIONS.
PUBLICATIONS, SURVEYS, AND DELIVERY OF EDUCATIONAL RESOURCES - PUBLISHED NEWSLETTERS; PRODUCED ANNUAL SURVEYS OF WORKPLACE DATA; PROVIDED PUBLICATIONS TO ENHANCE COMPLIANCE BY NC EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Cloninger Chair | OfficerTrustee | 1 | $0 |
John Matthews Vice Chair | OfficerTrustee | 1 | $0 |
Melissa Mcguire Secretary/treasurer | OfficerTrustee | 1 | $0 |
Hyunna Coehlo Board Member | Trustee | 1 | $0 |
Henry Batten Board Member | Trustee | 1 | $0 |
Sharon Bryson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Soule Law Firm Pllc Legal Services | 12/30/22 | $322,410 |
Margaret Hesson Pettyjohn Hr Consultant | 12/30/22 | $159,674 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,884,936 |
| Investment income | $605,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,223 |
| Net Gain/Loss on Asset Sales | -$105,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,212,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $732,274 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,808,875 |
| Pension plan accruals and contributions | $205,370 |
| Other employee benefits | $506,880 |
| Payroll taxes | $275,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,569 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $86,588 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,872 |
| Fees for services: Other | $138,088 |
| Advertising and promotion | $311,165 |
| Office expenses | $422,899 |
| Information technology | $678,329 |
| Royalties | $0 |
| Occupancy | $962,015 |
| Travel | $126,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,733 |
| Interest | $4,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $581,855 |
| Insurance | $47,537 |
| All other expenses | $4,480 |
| Total functional expenses | $10,400,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $628,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $298,502 |
| Net Land, buildings, and equipment | $1,228,735 |
| Investments—publicly traded securities | $18,514,841 |
| Investments—other securities | $7,122,891 |
| Investments—program-related | $0 |
| Intangible assets | $30,393 |
| Other assets | $1,703,658 |
| Total assets | $29,887,100 |
| Accounts payable and accrued expenses | $608,713 |
| Grants payable | $0 |
| Deferred revenue | $2,261,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,678,499 |
| Total liabilities | $4,549,045 |
| Net assets without donor restrictions | $25,338,055 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,887,100 |