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Organizations Lakeland Economic Development Council Inc.

Lakeland Economic Development Council Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

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 2024 IRS Form 990 filing, Lakeland Economic Development Council Inc., a 501(c)(6) business league, reported compensation for 5 out of 7 total employees. Among the employees shown here, the average compensation is $242,760. The highest compensated employee at Lakeland Economic Development Council Inc. is Steven J Scruggs with fiscal year 2024 compensation of $426,726.

Revenue, expenses, and employee compensation

Revenue

$1,417,868

Expenses

$1,239,541

Employee compensation

$959,438
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven J Scruggs
President
$426,726
$426,726 No related compNo other comp
Katie W Decker
Senior Vice President
$165,005
$165,005 No related compNo other comp
Laura Taylor
Vice President, Operations
$136,550
$136,550 No related compNo other comp
Michael Smith
Treasurer
$0
Danielle Drummond
Secretary
$0

Benchmark Employee Compensation

Non-Employee Board Members

Callie Neslund
Director
Cory Petcoff
Chair
Karen Turner
Director
Mark Cabrera
Vice Chair
Todd Baylis
Former Chair
William Harrell
Director

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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