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
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
8 people listed on the 990; $372K paid to officers and key staff.
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.
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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.
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As we reflect on the past 12, and really 18 months, the ledc is personally amazed at the economic growth we have experienced during a pandemic. I grew up with quotes like "when the going gets tough, the tough get going." today I have heard quotes like, "tough times are inevitable in life and business.
Incentives incentives continue to be a big part of ledc's business development strategy. We actively worked on two of those in 2020: -manufacturing - the city commission has funded and is moving forward with guidelines for the formally approved manufacturing incentive ledc lobbied for in 2019.
D e v e l o p m e n t a c t I v I t y 2 0 2 1 "1 million square feet developed "1 ,3 0 0 + n e w j o b s " 2 0 0 m I l l I o n + c a p I t a l I n v e s t m e n t in addition to new industry and existing industry expansions, development of speculative warehouses continued throughout 2021.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $813K | $873K |
| InvestmentsLn 11–13 | $495K | $640K |
| Land, buildings, equipmentLn 10c | $34K | $17K |
| Total assetsLn 16 | $1.4M | $1.6M |
| LiabilitiesLn 26 | $264K | $258K |
| Net assetsLn 32 | $1.1M | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $665K | $532K | $133K | |
| Other employee benefitsLn 9 | $110K | $88K | $22K | |
| Payroll taxesLn 10 | $36K | $29K | $7K | |
| Legal feesLn 11b | $10K | $8K | $2K | |
| Advertising and promotionLn 12 | $69K | $69K | ||
| Office expensesLn 13 | $19K | $15K | $4K | |
| OccupancyLn 16 | $39K | $31K | $8K | |
| TravelLn 17 | $8K | $7K | $2K | |
| Depreciation, depletion and amortizationLn 22 | $3K | $2K | $550 | |
| InsuranceLn 23 | $9K | $7K | $2K | |
| Other expenses (24a–d)Ln 24 | $78K | $73K | $5K | |
| All other expensesLn 24e | $3K | $2K | $589 | |
| Total functional expensesLn 25 | $1.0M | $864K | $185K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.4M | $1.2M | $178K | $1.5M | 990 PDF |
| FY2023 | $1.4M | $1.4M | −$56K | $1.3M | 990 PDF |
| FY2022 | $1.3M | $1.2M | $45K | $1.4M | 990 PDF |
| FY2021 Viewing | $1.3M | $1.0M | $208K | $1.3M | 990 PDF |
| FY2020 | $1.3M | $1.1M | $184K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,257,011 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $1,257,011 across 6 lines filed
Part IX · Statement of functional expenses $1,048,612 across 12 lines filed
Part X · Balance sheet $1,566,246 assets, 11 lines filed
Part XI · Reconciliation of net assets $1,308,018 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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