Florida · Nonprofit
LAKE ECONOMIC DEVELOPMENT CORP
LAKE ECONOMIC DEVELOPMENT CORP (Florida) receives grants from 2 organizations whose IRS filings report $55,000 to it, the largest being DUKE ENERGY FOUNDATION ($35,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $824k
- Funders on record
- 2
- Grants received
- $55k
- Net assets
- $465k
What Lake Economic Development Corp does
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.
As stated on its FY2025 Form 990.
Programs
Business attraction-marketing the lake county florida's assets directory to company decision makers and key influencers
$274,205 spent36% of program spendingBusiness creation-efforts to attract, grow and graduate early stage companies in business incubator environment.
$178,982 spent24% of program spendingBusiness retention-to engage all participants and ensure that partners needs are met through structured networking and forums, talent and workforce dvelopment and educational opportunities.
$157,118 spent21% of program spendingBusiness support-provide various support services to partners, investors and clients
$145,270 spent19% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $755,575.
The organization over time
Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $450k to $615k (+37%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2023 62% · 2024 70% · 2025 61%. Grants only. Government contracts and fees sit inside program revenue.
100% of LAKE ECONOMIC DEVELOPMENT CORP’s revenue is contributions — more reliant on donations than three-quarters of its peers (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Brad Weber
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of LAKE ECONOMIC DEVELOPMENT CORP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LAKE ECONOMIC DEVELOPMENT CORP leans on a few funders — its largest provides 64% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
36% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LAKE ECONOMIC DEVELOPMENT CORP.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
LAKE ECONOMIC DEVELOPMENT CORP draws 64% of its grant income from funders outside Florida, across 2 states in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
LAKE ECONOMIC DEVELOPMENT CORP runs a healthier operating margin than half of the 7,175 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025
Organizations like LAKE ECONOMIC DEVELOPMENT CORP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Florida
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for LAKE ECONOMIC DEVELOPMENT CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LAKE ECONOMIC DEVELOPMENT CORP?
- LAKE ECONOMIC DEVELOPMENT CORP (Florida) receives grants from 2 organizations whose IRS filings report $55,000 to it, the largest being DUKE ENERGY FOUNDATION ($35,000). 0 of them have funded it in more than one year.
- How many funders does LAKE ECONOMIC DEVELOPMENT CORP have?
- IRS filings report 2 organizations giving $55,000 in grants to LAKE ECONOMIC DEVELOPMENT CORP.
- Who is the largest funder of LAKE ECONOMIC DEVELOPMENT CORP?
- DUKE ENERGY FOUNDATION is the largest funder on record, with $35,000 in grants. The full list of funders is on this page.
- How can an organization like LAKE ECONOMIC DEVELOPMENT CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Lake Economic Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2023–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing