Winter Haven Economic Development Council INC FY2021 filing

Not tax-deductible

Winter Haven, FL501(c)(6)Community Development EIN 45-3154152Revenue $304K in FY2021Latest return filed Feb 9, 2026

On file with the IRSwhedc.com150 3rd St Sw Ste 206, 33880-2986 · Winter Haven, FLTax-exempt since May 2012

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Creating high quality jobs through the expansion of existing businesses and industry and by attracting new businesses and industry to the Winter Haven area.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$145K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $45K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$145K
to officers and key staff · 57% of spending
Concern: pay to officers and key staff is 57% of spending; over 30%.
Pt VII · Sec A
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $81K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$82K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304K
+3% vs prior year
Spent
$256K
Net assets
$260K
By yearFY2020–FY2025
Revenue
$304K
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$295K
FY2021$304K
FY2022$384K
FY2023$471K
FY2024$542K
FY2025$589K
Expenses
$256K
FY2021▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$303K
FY2021$256K
FY2022$363K
FY2023$406K
FY2024$478K
FY2025$511K
Net assets
$260K
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$212K
FY2021$260K
FY2022$281K
FY2023$347K
FY2024$410K
FY2025$488K

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

31 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/CEO
$144,865Pt VII · Sec A
Treasurer
not listedPt VII · Sec A
Director
not listedPt VII · Sec A
not listedPt VII · Sec A
Director
not listedPt VII · Sec A
Director
not listedPt VII · Sec A
Director
not listedPt VII · Sec A
Immediate Past Chair
not listedPt VII · Sec A

Bruce Lyon’s $199K as President/CEO is at the 96th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bruce Lyon$198,913$191,912$164,276$151,459$144,865$140,611

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Winter Haven Economic Development Council INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds jobs by growing local businesses and attracting new ones to the area.

Questions for Winter Haven Economic Development Council INC

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Your first name shows with your question. Winter Haven Economic Development Council INC answers here, for everyone.

1 program · in their own filed words · FY2020
01

Developed promotional materials to improve the organization's presence in the community and foster expansion of existing business and industry, attract new high-skill,high wage business and industry: expand economic and job opportunities for winter haven residents; broaden the local tax base and enhance relationships with local…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$81K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$304K
Ln 12
Fees for servicesLn 2g$164K
Gifts and grantsLn 1h$140K
Investment incomeLn 3$153
Money outPt IX
$256K
Ln 25
Owns and owesPt X
$260K
net assets · Ln 32
Cash and savingsLn 1–2$292K
Total assetsLn 16$342K
LiabilitiesLn 26$82K
PeoplePt VI, VII
31
listed · VII A
PaidVII A1
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$140K
Government grantsLn 1e$139K
Fees for servicesLn 2g$164K
Investment incomeLn 3$153
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$292K
Cash and savings togetherLn 1–2$292K
Pledges and grants receivableLn 3$42K
Prepaid expenses and deferred chargesLn 9$876
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$342K
LiabilitiesLn 26$82K
Net assetsLn 32$260K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$273K$292K
Land, buildings, equipmentLn 10c$4K$7K
Total assetsLn 16$298K$342K
LiabilitiesLn 26$85K$82K
Net assetsLn 32$212K$260K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$145K
Other salaries and wagesLn 7$52K
Pension plan contributionsLn 8$6K
Payroll taxesLn 10$15K
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$2K
Advertising and promotionLn 12$2K
Office expensesLn 13$602
OccupancyLn 16$13K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$6K
All other expensesLn 24e$5K
Total functional expensesLn 25$256K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 9, 2026 $589K$511K$78K$488K 990 PDF
FY2024Filed with the IRS Dec 19, 2024 $542K$478K$63K$410K 990 PDF
FY2023Filed with the IRS Dec 5, 2023 $471K$406K$65K$347K 990 PDF
FY2022Filed with the IRS Jan 11, 2023 $384K$363K$22K$281K 990 PDF
FY2021 ViewingFiled with the IRS Jan 11, 2022 $304K$256K$47K$260K 990 PDF
FY2020Filed with the IRS Jan 21, 2021 $295K$303K−$7K$212K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $303,850 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $137,207$139,947
I-9 Program service revenuePrior year $157,917$163,750
I-10 Investment incomePrior year $189$153
I-11 Other revenue$0
I-12 Total revenuePrior year $295,313$303,850
I-13 Grants and similar amounts paidPrior year $5,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $218,949$217,543
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $78,805$38,810
I-18 Total expensesPrior year $302,754$256,353
I-19 Revenue less expensesPrior year −$7,441$47,497
Part VI · Governance 32 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $303,850 across 6 lines filed
VIII-1e Government grants$138,522
VIII-1f All other contributions, gifts and grants$1,425
VIII-1h Total contributions, gifts and grants$139,947
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $163,750$163,750
VIII-3 Investment incomeExcluded from tax $153$153
VIII-12 Total revenueExcluded from tax $163,903$303,850
Part IX · Statement of functional expenses $256,353 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$144,865
IX-7 Other salaries and wages$52,027
IX-8 Pension plan contributions$5,907
IX-10 Payroll taxes$14,744
IX-11c Accounting fees$6,133
IX-11g Other fees for services$1,780
IX-12 Advertising and promotion$1,607
IX-13 Office expenses$602
IX-16 Occupancy$12,840
IX-22 Depreciation, depletion and amortization$1,625
IX-23 Insurance$2,912
IX-24 Other expenses (24a–d)$6,229
IX-24e All other expenses$5,082
IX-25 Total functional expenses$256,353
Part X · Balance sheet $342,345 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $272,656$291,725
X-3 Pledges and grants receivableStart of year $19,925$42,425
X-9 Prepaid expenses and deferred chargesStart of year $856$876
X-10c Land, buildings and equipment, netStart of year $4,237$7,319
X-16 Total assetsStart of year $297,674$342,345
X-17 Accounts payable and accrued expensesStart of year $24,402$10,327
X-19 Deferred revenueStart of year $60,834$72,083
X-26 Total liabilitiesStart of year $85,236$82,410
X-27 Net assets without donor restrictionsStart of year $208,012$255,509
X-28 Net assets with donor restrictionsStart of year $4,426$4,426
X-32 Total net assets or fund balancesStart of year $212,438$259,935
X-33 Total liabilities and net assetsStart of year $297,674$342,345
Part XI · Reconciliation of net assets $259,935 net assets at year end
XI-1 Total revenue$303,850
XI-2 Total expenses$256,353
XI-3 Revenue less expenses$47,497
XI-4 Net assets at start of year$212,438
XI-10 Net assets at end of year$259,935

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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