Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
68 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
11 people listed on the 990; $728K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Steven J Scruggs | $426,726 | $689,035 | $372,226 | $372,329 | $373,403 |
| Katie W Decker | $165,005 | — | — | — | — |
| Katie Worthington Decker | — | $155,704 | $117,857 | — | — |
| Laura Taylor | $136,550 | $131,512 | $126,050 | — | — |
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 Lakeland Economic Development 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
Attracts companies and helps existing ones grow to create jobs and investment.
Questions for Lakeland Economic Development
Your first name shows with your question. Lakeland Economic Development answers here, for everyone.
Development activity as has been the trend over our 40-YEAR history, existing industry expansions breed the most opportunity for job growth and capital investment, especially in more economically turbulent times.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4919549) · Dispute this lineThe lakeland economic development council (ledc) celebrated our 40TH anniversary this year. Prior to 1984, the ledc was a department of the lakeland area chamber of commerce called the committee of 100. From 1984 to 1988 the ledc was funded by a community campaign called 2ND century.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4919549) · Dispute this lineBy attracting new companies as well as facilitating the expansion of existing companies in the lakeland, FL area. The goals of the organization are to retain and grow existing businesses; create jobs and investment; grow targeted industry sectors; HIGH-SKILL/HIGH-WAGE employment growth; support entrepreneurialism and new business…
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4919549) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $367K | $490K |
| InvestmentsLn 11–13 | $1.0M | $1.1M |
| Land, buildings, equipmentLn 10c | $51K | $48K |
| Total assetsLn 16 | $1.5M | $1.7M |
| LiabilitiesLn 26 | $219K | $239K |
| Net assetsLn 32 | $1.3M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $840K | $546K | $294K | |
| Other employee benefitsLn 9 | $67K | $32K | $35K | |
| Payroll taxesLn 10 | $52K | $25K | $28K | |
| Legal feesLn 11b | $5K | $4K | $915 | |
| Advertising and promotionLn 12 | $73K | $59K | $15K | |
| Office expensesLn 13 | $22K | $17K | $4K | |
| OccupancyLn 16 | $36K | $29K | $7K | |
| TravelLn 17 | $53K | $43K | $11K | |
| Depreciation, depletion and amortizationLn 22 | $8K | $7K | $2K | |
| InsuranceLn 23 | $4K | $3K | $863 | |
| Other expenses (24a–d)Ln 24 | $72K | $69K | $3K | |
| All other expensesLn 24e | $7K | $6K | $1K | |
| Total functional expensesLn 25 | $1.2M | $838K | $401K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $1.4M | $1.2M | $178K | $1.5M | 990 PDF |
| FY2023Filed with the IRS Jan 22, 2025 | $1.4M | $1.4M | −$56K | $1.3M | 990 PDF |
| FY2022Filed with the IRS Feb 14, 2024 | $1.3M | $1.2M | $45K | $1.4M | 990 PDF |
| FY2021Filed with the IRS Feb 8, 2023 | $1.3M | $1.0M | $208K | $1.3M | 990 PDF |
| FY2020Filed with the IRS Nov 9, 2021 | $1.3M | $1.1M | $184K | $1.1M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $1,417,868 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $1,417,868 across 6 lines filed
Part IX · Statement of functional expenses $1,239,541 across 12 lines filed
Part X · Balance sheet $1,714,621 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,475,954 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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