Lake Economic Area Development Corporation
Public records raise at least one point you should look into before giving.
What it says it does
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.
- Income
- $824,191
- Spending
- $755,575
- Employees
- 0
- Highest pay
- $90,000, director
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $274,205 spent. BUSINESS ATTRACTION-MARKETING THE LAKE COUNTY FLORIDA'S ASSETS DIRECTORY TO COMPANY DECISION MAKERS AND KEY INFLUENCERS
- $178,982 spent. BUSINESS CREATION-EFFORTS TO ATTRACT, GROW AND GRADUATE EARLY STAGE COMPANIES IN BUSINESS INCUBATOR ENVIRONMENT.
- $157,118 spent. 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.
- $145,270 spent. BUSINESS SUPPORT-PROVIDE VARIOUS SUPPORT SERVICES TO PARTNERS, INVESTORS AND CLIENTS
- BUSINESS SUPPORT-PROVIDE VARIOUS SUPPORT SERVICES TO PARTNERS, INVESTORS AND CLIENTS
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.