Nonprofit · EIN 88-1275204
LAKE ECONOMIC AREA DEVELOPMENT CORPORATION
Tax-exempt · LEESBURG, FL 34748
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $824,191 | $755,575 | $68,616 | $614,570 | $149,605 | $464,965 |
| September 30, 2024 | 990 | $715,275 | $634,727 | $80,548 | $450,200 | $55,566 | $394,634 |
| September 30, 2023 | 990 | $641,697 | $588,375 | $53,322 | $314,086 | $0 | $314,086 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $824,191
- of which government grants
- $500,000
- Membership dues
- $295,127
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $90,000
- Salaries, compensation and benefits (total)
- $90,000
- Professional fundraising fees
- $0
- Occupancy
- $20,000
- Program services (functional)
- $755,575
Balance sheet and other
- Total assets, start of year
- $450,200
- Total assets, end of year
- $614,570
- Total liabilities, end of year
- $149,605
- Net assets, end of year
- $464,965
- Net assets without donor restrictions
- $464,965
- Gross receipts
- $824,191
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MIKE KELLY | DIRECTOR Trustee or director, Officer | 40 | $0 | $90,000 |
| LANCE SEWELL | VICE CHAIR Officer | 0.5 | $0 | $0 |
| BRAD WEBER | CHAIRMAN Officer | 0.5 | $0 | $0 |
| DAN ROBUCK | SECRETARY Officer | 0.5 | $0 | $0 |
| CHRISTIAN MILLER | TREASURER Officer | 0.5 | $0 | $0 |
| BEN PAULUHN | PAST CHAIRMA Officer | 0.5 | $0 | $0 |
| AL MINNER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| STACEY SEWELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFF CAGAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARC HOENSTINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOE CIERI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PAM RIVAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KATHY JUDKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PHIL BRAUN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVIS TALAMGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE DUFFIELD | DIRECTOR Trustee or director | 0.5 | $0 |
| DAN TATRO | DIRECTOR Trustee or director | 0.5 | $0 |
| DUANNE BOOTH | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRIS CREECH | DIRECTOR Trustee or director | 0.5 | $0 |
| WILL PARSONS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended September 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Abel Biri | Chairman Trustee or director, Officer | 0.5 | $0 |
| Brad Weber | Vice-Chairman Trustee or director, Officer | 0.5 | $0 |
| Don Robuck | Secretary Trustee or director, Officer | 0.5 | $0 |
| Christian Miller | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Ben Pauluhn | Immediate Past Chair Trustee or director | 0.5 | $0 |
| Al Minner | Director Trustee or director | 0.5 | $0 |
| Stacy Sewell | Director Trustee or director | 0.5 | $0 |
| Jeff Cagan | Director Trustee or director | 0.5 | $0 |
| Marc Hoenstine | Director Trustee or director | 0.5 | $0 |
| Joe Ciceri | Director Trustee or director | 0.5 | $0 |
| Pam Rivas | Director Trustee or director | 0.5 | $0 |
| Lance Sewell | Director Trustee or director | 0.5 | $0 |
| Kathy Judkins | Director Trustee or director | 0.5 | $0 |
| Phil Braun | Director Trustee or director | 0.5 | $0 |
| Davis Talmage | Director Trustee or director | 0.5 | $0 |
| Mike Duffield | Director Trustee or director | 0.5 | $0 |
| Dan Tatro | Director Trustee or director | 0.5 | $0 |
| Duanne Booth | Director Trustee or director | 0.5 | $0 |
| Chris Creech | Director Trustee or director | 0.5 | $0 |
| Will Parsons | Director Trustee or director | 0.5 | $0 |
990 for the year ended September 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Abel Biri | Vice Chairman Trustee or director, Officer | 0.5 | $0 |
| Al Minnner | Director Trustee or director | 0.5 | $0 |
| Ben Pauluhn | Chairman Trustee or director, Officer | 0.5 | $0 |
| Brad Weber | Director Trustee or director | 0.5 | $0 |
| Chris Creech | Director Trustee or director | 0.5 | $0 |
| Christian Miller | Director Trustee or director | 0.5 | $0 |
| Dan Robuck | Director Trustee or director | 0.5 | $0 |
| Dan Tatro | Director Trustee or director | 0.5 | $0 |
| Doug Childers | Director Trustee or director | 0.5 | $0 |
| Doug Shield | Director Trustee or director | 0.5 | $0 |
| Duane Booth | Director Trustee or director | 0.5 | $0 |
| Joe Ciceri | Director Trustee or director | 0.5 | $0 |
| Joel Gunter | Director Trustee or director | 0.5 | $0 |
| Kathy Judkins | Director Trustee or director | 0.5 | $0 |
| Lance Sewell | Director Trustee or director | 0.5 | $0 |
| Mike Duffield | Director Trustee or director | 0.5 | $0 |
| Phil Braun | Director Trustee or director | 0.5 | $0 |
| Spencer Schar | Director Trustee or director | 0.5 | $0 |
| Tyler Bradeburg | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 600 MARKET ST, LEESBURG, FL 34748-5143
- In care of
- % H D ROBUCK III
- Principal officer (990 for 2024)
- MIKE KELLY, 600 MARKET STREET, OCALA, FL 34748
- Signed the 990
- MIKE KELLY, DIRECTOR
- Phone
- (352) 764-4123
- Return prepared by
- LST BUSINESS & CONSULTING LLC
Mission
THE LAKE ECONOMIC AREA DEVELOPMENT (LEAD) PARTNERSHIP IS A PUBLIC/PRIVATE ORGANIZATION CREATED AND DESIGNED TO LEAD EFFORTS IN FURTHER GROWING, DIVERSIFYING AND UNITING THE LAKE COUNTY FL REGIONAL ECONOMY.
Program accomplishments
- BUSINESS ATTRACTION-MARKETING THE LAKE COUNTY FLORIDA'S ASSETS DIRECTORY TO COMPANY DECISION MAKERS AND KEY INFLUENCERSExpenses $274,205
- BUSINESS CREATION-EFFORTS TO ATTRACT, GROW AND GRADUATE EARLY STAGE COMPANIES IN BUSINESS INCUBATOR ENVIRONMENT.Expenses $178,982
- BUSINESS RETENTION-TO ENGAGE ALL PARTICIPANTS AND ENSURE THAT PARTNERS NEEDS ARE MET THROUGH STRUCTURED NETWORKING AND FORUMS, TALENT AND WORKFORCE DVELOPMENT AND EDUCATIONAL OPPORTUNITIES.Expenses $157,118
- BUSINESS SUPPORT-PROVIDE VARIOUS SUPPORT SERVICES TO PARTNERS, INVESTORS AND CLIENTSExpenses $145,270
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 88-1275204
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $614,570
- Income (IRS master file)
- $824,191
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $824,191 | $755,575 | $614,570 | XML |
| 990 | September 2024 | $715,275 | $634,727 | $450,200 | XML |
| 990 | September 2023 | $641,697 | $588,375 | $314,086 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-1275204).
Questions about LAKE ECONOMIC AREA DEVELOPMENT CORPORATION
- What is the EIN of LAKE ECONOMIC AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LAKE ECONOMIC AREA DEVELOPMENT CORPORATION is 88-1275204.
- Is LAKE ECONOMIC AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2022.
- Are donations to LAKE ECONOMIC AREA DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE ECONOMIC AREA DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE ECONOMIC AREA DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE ECONOMIC AREA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of LAKE ECONOMIC AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names MIKE KELLY.
- Who are the officers and directors of LAKE ECONOMIC AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does LAKE ECONOMIC AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $824,191, expenses of $755,575 and total assets of $614,570 at year end.
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