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Organizations Lakeland Economic Development Council Inc.

Lakeland Economic Development Council Inc.

Fiscal year ending 2022. Filed on February 14, 2024.

502 E Main Street
Lakeland, Florida 33801

Lakeland Economic Development Council Inc. (EIN: 45-4919549) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Lakeland Economic Development Council Inc., a 501(c)(6) business league, reported compensation for 5 out of 9 total employees. Among the employees shown here, the average compensation is $205,378. The highest compensated employee at Lakeland Economic Development Council Inc. is Steven J Scruggs with fiscal year 2022 compensation of $372,226.

Revenue, expenses, and employee compensation

Revenue

$1,262,320

Expenses

$1,217,110

Employee compensation

$849,309
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven J Scruggs
President
$372,226
$372,226 No related compNo other comp
Laura Taylor
Vice President, Operations
$126,050
$126,050 No related compNo other comp
Katie Worthington Decker
Senior Vice President
$117,857
$117,857 No related compNo other comp
William Harrell
Secretary
$0
Callie Neslund
Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Cory Petcoff
Vice Chair
Karen Turner
Director
Mark Cabrera
Director
Michael Smith
Director
Todd Baylis
Chair
Wesley Beck
Former Chair

Mission Statement

THE LEDC'S MISSION IS 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 CREATION; PROMOTE INFRASTRUCTURE AND DEVELOPMENT, MARKET LAKELAND, FL AS A PREMIER LOCATION FOR BUSINESS AND FACILITATE PARTNERSHIPS TO ENHANCE GROWTH. THE LEDC'S PRIMARY ROLE IS TO HELP CREATE JOBS AND CAPITAL INVESTMENT BY ATTRACTING NEW COMPANIES, AS WELL AS FACILITATING THE EXPANSION OF EXISTING COMPANIES IN THE LAKELAND, FLORIDA AREA. DAY-TO-DAY OPERATIONS AT THE LEDC ARE STAFFED BY FIVE FULL-TIME EMPLOYEES, AND ONE TO TWO PAID INTERNS AT ANY GIVEN TIME. THE LEDC'S BOARD OF DIRECTORS ARE MADE OF VOLUNTEER COMMUNITY LEADERS.

Revisions to this organization profile

November 17, 2025:
2024 Lakeland Economic Development Council Inc. 990 filed
January 22, 2025:
2023 Lakeland Economic Development Council Inc. 990 filed
February 14, 2024:
2022 Lakeland Economic Development Council Inc. 990 filed

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