Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
990 • Fiscal year 2017 • EIN 45-4919549
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
96th percentile
Higher top officer pay than 96% of similar nonprofits.
Top officer pay equals 34.0% of source-year revenue.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
Assets
Up$997,946
Up $279,314 (+39%) from 2016
Net Assets
Up$614,286
Up $214,247 (+54%) from 2016
Liabilities
Up$383,660
Up $65,067 (+20%) from 2016
Revenue
Down$1,260,396
Down $90,079 (-6.7%) from 2016
Expenses
Up$1,046,149
Up $56,004 (+5.7%) from 2016
Net Income
Down$214,247
Down $146,083 (-41%) from 2016
By 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.
The lakeland economic development council's primary role is to help create jobs and capital investment through our economic development efforts in the lakeland, fl area.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $307,482 | $493,232 | ▲ $185,750 |
| Investments in Publicly Traded Securities | $357,259 | $458,413 | ▲ $101,154 |
| Land, Buildings, and Equipment, Net | $22,960 | $25,803 | ▲ $2,843 |
| Accounts Receivable | $27,666 | $20,498 | ▼ $7,168 |
| Prepaid Expenses and Deferred Charges | $3,265 | - | - |
| Total Assets | $718,632 | $997,946 | ▲ $279,314 |
| Liabilities | |||
| Deferred Revenue | $202,987 | $196,737 | ▼ $6,250 |
| Other Liabilities | $109,393 | $168,217 | ▲ $58,824 |
| Accounts Payable and Accrued Expenses | $6,213 | $18,706 | ▲ $12,493 |
| Total Liabilities | $318,593 | $383,660 | ▲ $65,067 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $400,039 | $614,286 | ▲ $214,247 |
| Total Net Assets Fund Balance | $400,039 | $614,286 | ▲ $214,247 |
| Total Liabilities and Net Assets / Fund Balance | $718,632 | $997,946 | ▲ $279,314 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $25,803 | $87,972 | $113,775 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Steven J Scruggs | President | FT | $226,500 | $201,638 | $428,138 |
| Name | Title |
|---|---|
| David Hallock Jr | Chair |
| Brian Philpot | Past Chairma |
| Wesley Beck | Vice Chair |
| Jeff Chamberlain | High Skill H |
| Todd Baylis | Secretary |
| Cory Petcoff | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $785,945 |
| Other Expenses | $260,204 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $501,135 | $125,284 | - | $626,419 |
| Other Employee Benefits | $100,792 | $25,198 | - | $125,990 |
| Occupancy | $30,944 | $7,736 | - | $38,680 |
| Payroll Taxes | $26,829 | $6,707 | - | $33,536 |
| Advertising | $29,855 | - | - | $29,855 |
| Office Expenses | $19,758 | $4,939 | - | $24,697 |
| Travel | $13,707 | $3,426 | - | $17,133 |
| Fees for Services Legal | $7,188 | $1,797 | - | $8,985 |
| All Other Expenses | $5,665 | $1,416 | - | $7,081 |
| Insurance | $4,484 | $1,121 | - | $5,605 |
| Other Expenses | $4,286 | $1,072 | - | $5,358 |
| Depreciation Depletion | $2,286 | $524 | - | $2,810 |
| Total Functional Expenses | $842,929 | $203,220 | $0 | $1,046,149 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Catapult Lakeland Inc | Related Party | Reimb. Salary Exp. | No | $95,564 |
| Catapult Lakeland Inc | Related Party | Contribution to Org. | No | $45,000 |
| Liability | Amount |
|---|---|
| Deferred Compensation Liability | $168,217 |
“The board of directors reviews the form 990 before it is filed and designates one of its members to disuss any questions with the cpa who prepared the return.”
“We monitor any interests with our board of directors and key employees that could result in a conflict. We have an executive board that monitors compensation with outside consultants, as well as reviewing and monitoring what other economic development councils compensate staff.”
“An annual evaluation conducted by the ledc chairman and president that is reviewed by ledc executive board, led by david d. Hallock, ledc chairman at the november board meeting .”
“The organization makes it governing documents, conflict of interest policy and financial statements available to the public by having them available in the corporate office and by mail upon request.”
“The lakeland economic development council (ledc) is a private, non-profit organization with approximately 130+ member companies. 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 area.”
“By 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.”
“The ledc monthly membership meetings - each month a meeting is held with members regarding new development activity to the lakeland, fl area. New companies give an update about their business and the number of jobs they are creating. On average, we have 2 to 3 industry announcements per month. In 2017, we continued to promote our member companies and how the outside world views the lakeland, fl area with our www.lakelandedc.com website. Ledc's website transformed the way we create jobs and recruit and retain talent. Our website has more valuable information about our members, more detailed and accurate, and up-to-date information about available buildings, site selection resources for companies, consultants, brokers and real estate developers.”
“OTHER ACCOMPLISHMENTS.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 6213 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 18706 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 27666 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 20498 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE LAKELAND ECONOMIC DEVELOPMENT COUNCIL'S PRIMARY ROLE IS TO HELP CREATE JOBS AND CAPITAL INVESTMENT THROUGH OUR ECONOMIC DEVELOPMENT EFFORTS IN THE LAKELAND, FL AREA. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 29855 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 29855 |
| IRS990/AllOtherContributionsAmt | 0 | 95564 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1416 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 5665 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 7081 |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | LAURA TAYLOR |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8636873788 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 226 N KENTUCKY AVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | LAKELAND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 33801 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | true |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 307482 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 493232 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1192763 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 67633 |
| IRS990/CYOtherExpensesAmt | 0 | 260204 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 214247 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 785945 |
| IRS990/CYTotalExpensesAmt | 0 | 1046149 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1260396 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 202987 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 196737 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 524 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 2286 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2810 |
| IRS990/Desc | 0 | IN 2017, OUR ECONOMIC DEVELOPMENT TEAM WORKED WITH 18 COMPANIES (12 NEW INDUSTRY AND 6 EXISTING INDUSTRY) THAT RESULTED IN 1,336,562 MILLION SQUARE FEET OF INDUSTRIAL (WAREHOUSE AND MANUFACTURING) AND OFFICE SPACE. THESE COMPANIES CREATED MORE THAN 753 NEW JOBS AND 122,877,500+ IN CAPITAL INVESTMENT IN THE LAKELAND, FL AREA. THE LAKELAND ECONOMIC DEVELOPMENT COUNCIL HAS KEPT TRACK OF ALL MAJOR ECONOMIC DEVELOPMENT PROJECTS THAT HAVE OCCURRED IN OUR MARKET SINCE 1989. FOR MORE INFORMATION, PLEASE SEE OUR WEBSITE AT: HTTP://WWW.LAKELANDEDC.COM/SITE-SELECTION/HISTORICAL- DEVELOPMENT-ACTIVITY-2/ |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1797 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 7188 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 8985 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 60.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 63500 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRIAN PHILPOT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CORY PETCOFF |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DAVID HALLOCK JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | WESLEY BECK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TODD BAYLIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JEFF CHAMBERLAIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | STEVEN J SCRUGGS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 364638 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PAST CHAIRMA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | HIGH SKILL H |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2012 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1260396 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1121 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 4484 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 5605 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 67633 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 67633 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 357259 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 458413 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 87972 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 22960 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 25803 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 113775 |
| IRS990/LegalDomicileStateCd | 0 | FL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembershipDuesAmt | 0 | 1097199 |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE LAKELAND ECONOMIC DEVELOPMENT COUNCIL (LEDC) IS A PRIVATE, NON-PROFIT ORGANIZATION WITH APPROXIMATELY 130+ MEMBER COMPANIES. 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 AREA. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 400039 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 614286 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 7736 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 30944 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 38680 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4939 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 19758 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 24697 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 25198 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 100792 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 125990 |
| IRS990/OtherExpensesGrp/Desc | 0 | CATAPULT - FOUNDERS CONTR |
| IRS990/OtherExpensesGrp/Desc | 1 | YLAKELAND FOUNDERS CONTRI |
| IRS990/OtherExpensesGrp/Desc | 2 | CATAPULT HS INVESTOR CONT |
| IRS990/OtherExpensesGrp/Desc | 3 | PROSPECT DEVELOPMENT:DUES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 9000 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 9000 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 6000 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 1072 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 36000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 36000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 24000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 4286 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 45000 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 45000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 30000 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5358 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 109393 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 168217 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 125284 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 501135 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 626419 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 6707 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 26829 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 33536 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 3265 |
| IRS990/PrincipalOfficerNm | 0 | STEVEN J SCRUGGS |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE LEDC CREATED A SEPARATELY FUNDED INITIATIVE IN 2003 TO FOCUS ON CREATING HIGH SKILL, HIGH WAGE JOBS TO IMPROVE LAKELAND'S QUALITY OF LIFE. THE HIGH SKILL INITIATIVE IS FOCUSED ON RECRUITING AND RETAINING COMPANIES AND TALENT THAT FOCUS ON ENABLING TECHNOLOGIES AND MANUFACTURE COMPLEX RESEARCH- ORIENTED PRODUCTS. THE HIGH-SKILL INITIATIVE WORKS TO ACCOMPLISH THESE GOALS THROUGH HIGHER EDUCATION AND ECONOMIC DEVELOPMENT PARTNERSHIPS, FACILITATING DEVELOPMENT OF HIGH-SKILL INFRASTRUCTURE (INCLUDING A RESEARCH UNIVERSITY), MARKETING, INCENTIVES, CITY VISITS, , INVENTORYING LAKELAND'S COOL ASSETS, & SUPPORTING LAKELAND'S ENTREPRENEURIAL HUB - CATAPULT. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | THE LEDC AND COMMUNITY PARTNERS MEET REGULARLY TO DISCUSS WHICH PROJECTS ARE DESIRABLE, FEASIBLE AND VIABLE FOR LAKELAND. THE LIST INCLUDES: 1) HOW MIGHT WE IDENTIFY LAKELAND AS A LIFESTYLE AND NOT A DESTINATION? 2) HOW MIGHT WE CONNECT TO THE UNDER-THE RADAR GROUPS IN LAKELAND? 3) HOW MIGHT WE CREATE A PLACE OR INVENTORY OF LAKELAND'S COOL ASSETS? 4) HOW MIGHT WE TRANSITION CITY HALL'S MINDSET FROM PROTECTOR TO FACILITATOR AND IDENTIFY LAKELAND'S SUCCESS GRID AND RUN EVERYTHING THROUGH IT? |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | OTHER ACCOMPLISHMENTS. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1320519 |
| IRS990/PYInvestmentIncomeAmt | 0 | 29956 |
| IRS990/PYOtherExpensesAmt | 0 | 313047 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 360330 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 677098 |
| IRS990/PYTotalExpensesAmt | 0 | 990145 |
| IRS990/PYTotalRevenueAmt | 0 | 1350475 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 214247 |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | false |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | false |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 25803 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 87972 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 113775 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 168217 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED COMPENSATION LIABILITY |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 25803 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 168217 |
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| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 120500 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 24000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 39500 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 17638 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | STEVEN J SCRUGGS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
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| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | CATAPULT LAKELAND INC |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 1 | CATAPULT LAKELAND INC |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | RELATED PARTY |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 1 | RELATED PARTY |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 1 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 45000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 1 | 95564 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | CONTRIBUTION TO ORG. |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 1 | REIMB. SALARY EXP. |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE LAKELAND ECONOMIC DEVELOPMENT COUNCIL (LEDC) IS A PRIVATE, NON-PROFIT ORGANIZATION WITH APPROXIMATELY 130+ MEMBER COMPANIES. 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 AREA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BY 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE LEDC MONTHLY MEMBERSHIP MEETINGS - EACH MONTH A MEETING IS HELD WITH MEMBERS REGARDING NEW DEVELOPMENT ACTIVITY TO THE LAKELAND, FL AREA. NEW COMPANIES GIVE AN UPDATE ABOUT THEIR BUSINESS AND THE NUMBER OF JOBS THEY ARE CREATING. ON AVERAGE, WE HAVE 2 TO 3 INDUSTRY ANNOUNCEMENTS PER MONTH. IN 2017, WE CONTINUED TO PROMOTE OUR MEMBER COMPANIES AND HOW THE OUTSIDE WORLD VIEWS THE LAKELAND, FL AREA WITH OUR WWW.LAKELANDEDC.COM WEBSITE. LEDC'S WEBSITE TRANSFORMED THE WAY WE CREATE JOBS AND RECRUIT AND RETAIN TALENT. OUR WEBSITE HAS MORE VALUABLE INFORMATION ABOUT OUR MEMBERS, MORE DETAILED AND ACCURATE, AND UP-TO-DATE INFORMATION ABOUT AVAILABLE BUILDINGS, SITE SELECTION RESOURCES FOR COMPANIES, CONSULTANTS, BROKERS AND REAL ESTATE DEVELOPERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | OTHER ACCOMPLISHMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS FILED AND DESIGNATES ONE OF ITS MEMBERS TO DISUSS ANY QUESTIONS WITH THE CPA WHO PREPARED THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | WE MONITOR ANY INTERESTS WITH OUR BOARD OF DIRECTORS AND KEY EMPLOYEES THAT COULD RESULT IN A CONFLICT. WE HAVE AN EXECUTIVE BOARD THAT MONITORS COMPENSATION WITH OUTSIDE CONSULTANTS, AS WELL AS REVIEWING AND MONITORING WHAT OTHER ECONOMIC DEVELOPMENT COUNCILS COMPENSATE STAFF. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | AN ANNUAL EVALUATION CONDUCTED BY THE LEDC CHAIRMAN AND PRESIDENT THAT IS REVIEWED BY LEDC EXECUTIVE BOARD, LED BY DAVID D. HALLOCK, LEDC CHAIRMAN AT THE NOVEMBER BOARD MEETING . |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY HAVING THEM AVAILABLE IN THE CORPORATE OFFICE AND BY MAIL UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 800945525 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501C3 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | NFP |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | LAKELAND |
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| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 1 | CATAPULT INC |
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| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt | 1 | 45000 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | Q |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 1 | B |
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| IRS990ScheduleR/TransferToOtherOrgInd | 0 | false |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 718632 |
| IRS990/TotalAssetsEOYAmt | 0 | 997946 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 718632 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 997946 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalContributionsAmt | 0 | 1192763 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
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| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 842929 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1046149 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 318593 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 383660 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 318593 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 383660 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 400039 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 614286 |
| IRS990/TotalOtherCompensationAmt | 0 | 63500 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 364638 |
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| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1260396 |
| IRS990/TotalVolunteersCnt | 0 | 140 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 718632 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 997946 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 3426 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 13707 |
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| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 400039 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 614286 |
| IRS990/USAddress/AddressLine1Txt | 0 | 226 NORTH KENTUCKY AVE |
| IRS990/USAddress/CityNm | 0 | LAKELAND |
| IRS990/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990/USAddress/ZIPCd | 0 | 33801 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.LAKELANDEDC.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEVEN J SCRUGGS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8636873788 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-11-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKELAND ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | COUNCIL INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 454919549 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 226 N KENTUCKY AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LAKELAND |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 33801 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 950AEEF53F6A66961594C04B533EF68FAE8E7BD7 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 950AEEF53F6A66961594C04B533EF68FAE8E7BD7 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 97.76.232.210 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-11-07 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 09:09:02 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 593613234 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WALL TITUS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 212 E HIGHLAND DR STE 201 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LAKELAND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 338131725 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8636830708 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-11-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALICIA C JAMES CPA |
| ReturnHeader/ReturnTs | 0 | 2018-11-07T10:09:02-05:00 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
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