Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
17 people listed on the 990; $167K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Sean Malott | $167,064 | $153,274 | $139,099 | $152,232 | $149,093 | $138,410 |
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 Central Florida 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
Fosters a sustainable economy by growing high-skill, high-wage businesses.
Questions for Central Florida Development Council INC
Your first name shows with your question. Central Florida Development Council INC answers here, for everyone.
Central florida development council (CFDC) is responsible for recruiting new businesses to polk county and helping existing businesses expand. We focus on business recruitment and expansion, business advocacy, facilitating collaborative partnerships and advancing strategic initiatives in central florida's polk county.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-2681696) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $980K | $1.1M |
| Land, buildings, equipmentLn 10c | $64K | $33K |
| Total assetsLn 16 | $1.4M | $1.4M |
| LiabilitiesLn 26 | $402K | $330K |
| Net assetsLn 32 | $962K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $188K | |||
| Other salaries and wagesLn 7 | $479K | |||
| Pension plan contributionsLn 8 | $14K | |||
| Other employee benefitsLn 9 | $43K | |||
| Payroll taxesLn 10 | $46K | |||
| Legal feesLn 11b | $340 | |||
| Accounting feesLn 11c | $33K | |||
| Other fees for servicesLn 11g | $14K | |||
| Advertising and promotionLn 12 | $196K | |||
| Office expensesLn 13 | $31K | |||
| Information technologyLn 14 | $24K | |||
| OccupancyLn 16 | $67K | |||
| TravelLn 17 | $7K | |||
| Conferences, conventions and meetingsLn 19 | $411K | |||
| Depreciation, depletion and amortizationLn 22 | $28K | |||
| Other expenses (24a–d)Ln 24 | $88K | |||
| All other expensesLn 24e | $3K | |||
| Total functional expensesLn 25 | $1.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Feb 16, 2026 | $1.8M | $1.7M | $105K | $1.1M | 990 PDF |
| FY2024Filed with the IRS Feb 12, 2025 | $1.6M | $1.4M | $144K | $962K | 990 PDF |
| FY2023Filed with the IRS Aug 12, 2024 | $1.7M | $1.5M | $129K | $818K | 990 PDF |
| FY2022Filed with the IRS Feb 15, 2023 | $1.4M | $1.3M | $116K | $689K | 990 PDF |
| FY2021Filed with the IRS Feb 15, 2022 | $1.4M | $1.2M | $186K | $584K | 990 PDF |
| FY2020Filed with the IRS Mar 11, 2021 | $1.4M | $1.2M | $223K | $403K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $1,777,711 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $1,777,711 across 8 lines filed
Part IX · Statement of functional expenses $1,672,528 across 17 lines filed
Part X · Balance sheet $1,396,882 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,066,838 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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