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.
Executive compensation, broken down
Form 990 · Schedule J · 3 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $232k
- Bonus
- $436k
- Other
- $21k
- Benefits
- —
- Base
- $140k
- Bonus
- $8k
- Other
- $8k
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President Above 90th percentile | $232k | $436k | $21k | — | $689k $752k |
Senior Vice Officer (Unspecified) | $140k | $8k | $8k | — | $156k $170k |
VP Operation Vice President Median to 75th percentile | — | — | — | — | $132k $144k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 8 unpaid individuals.
Up 85%
from 2022
From $372k in 2022 to $689k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 85% from 2022 to 2023, while revenue rose 9%.
- Vice President pay rose 4% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC reported revenue and expenses across 2 filing years.
Common questions about LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC
What does the Chief Executive Officer of LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC earn?
In 2023, the Chief Executive Officer of LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC received $689,035 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC falls in the top 10%.
What are LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC's revenue and expenses?
In 2023, LAKELAND ECONOMIC DEVELOPMENT COUNCIL INC reported $1.4M in total revenue and $1.4M in total expenses on its IRS Form 990.
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