Central Florida Development Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 592681696 ✦ Lakeland, FL ✦ Designated as a 501(c)(6)

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Overview

What is Central Florida Development Council Inc?

Central Florida Development Council Inc, established in 1986 and transformed into a private not-for-profit organization in 2015, is committed to fostering economic growth in Polk County, Florida. With a focus on attracting new businesses and helping existing ones expand, the council specializes in domestic and international business recruitment and expansion, as well as business advocacy and global trade development. Their mission is centered around nurturing a robust economy comprised of high-skilled, high-wage, sustainable businesses. The council employs a team of seven individuals to carry out these initiatives, contributing to the local community and driving economic progress in the Central Florida region.


Official website here: www.cfdc.org

Is Central Florida Development Council Inc legitimate?

Central Florida Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Central Florida Development Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $165,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $389,206

For more financial information, click here


Official website here: www.cfdc.org

What is the mission statement of Central Florida Development Council Inc?

The Central Florida Development Council Inc's mission is centered around fostering an economy driven by high-skilled, high-wage sustainable businesses. To achieve this, the organization focuses on attracting new businesses and aiding in the expansion of existing ones. Their activities extend to domestic and international business recruitment and expansion, as well as business advocacy and global trade development. Established in 1986, the Central Florida Development Council Inc transformed into a private, not-for-profit entity in 2015 through a partnership with the Polk County Board of County Commissioners and the local business community.


Official website here: www.cfdc.org

Who is the CEO of Central Florida Development Council Inc?

Sean Malott is the Chair of Central Florida Development Council Inc. The CEO's salary of Central Florida Development Council Inc is $152,232 and their total compensation is $175,473.


Official website here: www.cfdc.org

What is the revenue of Central Florida Development Council Inc?

Central Florida Development Council Inc's revenue in 2022 was $1,373,235.


Official website here: www.cfdc.org

Who are the executives of Central Florida Development Council Inc and what are their salaries?

The average compensation at Central Florida Development Council Inc during 2022 was $79,263. There are 7 employees and 15 volunteers at Central Florida Development Council Inc.


Here are 16 key members and their salaries (Central Florida Development Council Inc's CEO's salary is $152,232 and their total compensation is $175,473):


Bart Allen (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maggie Mariucci (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Conrad (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Angela Garcia Falconetti (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Dantzler (County Manager Designee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Orathai Northern (Talent Pipeline Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deena Ware (Community Stakeholders Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Shepp (Competitiveness & Advocacy)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Frantzis (Investor Relations Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Garcia (Aviation Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Lindsey (County Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emery Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drew Wilcox (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Knapp (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake Polumbo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Malott (President & Ceo)
  • Compensation: $152,232
  • Related: $0
  • Other: $23,241


Official website here: www.cfdc.org

Where can I find the form 990 for Central Florida Development Council Inc?

Central Florida Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cfdc.org

Learn more at the official website: www.cfdc.org

Mission Statement of Central Florida Development Council Inc

Central Florida Development Council Inc, a private not-for-profit organization, is dedicated to fostering an economy built on high-skill, high-wage sustainable businesses. Their mission is to attract new businesses to their region and assist existing ones in expanding their operations. This organization focuses on both domestic and international business recruitment and expansion, as well as advocating for businesses and promoting global trade development. By doing so, Central Florida Development Council Inc aims to contribute to the growth of a robust and prosperous economy.

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Impact




October, 2024

Central Florida Development Council Inc plays a vital role in shaping the economic landscape of Polk County by focusing on the growth of high-skill, high-wage sustainable businesses. Their efforts in recruiting new enterprises and assisting existing businesses in expanding enhance local job opportunities and promote economic resilience. Through initiatives in domestic and international business recruitment, business advocacy, and global trade development, the organization fosters a favorable environment for economic growth in the region.

Since its inception in 1986, the CFDC has strategically positioned itself as a key player in the local economy, working in partnership with the Polk County Board of County Commissioners and the private business community. This collaboration enables them to align economic development efforts with community needs, ultimately driving progress and prosperity in Central Florida. Their impact can be seen in the thriving business ecosystem they cultivate, which not only supports job creation but also enhances the overall quality of life for residents.




This information is meant to be a general summary of Central Florida Development Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,373,235 (2022)
Expenses
$1,257,664 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $203
  • Program Service Revenue: $180
  • Gross Receipts: $1,373,235

Assets and Liabilities:

  • Total Assets: $836,733
  • Total Liabilities: $147,552
  • Net Assets: $689,181

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ANNUAL MEETING INCOME

Revenue

$180

Organization Details

Founding Year

1986

Principal Officer

Sean Malott

Main Address

1725 BARTOW ROAD, LAKELAND, FL, 33801

NTEE Category

Code: S31 - Community improvement

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