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Nonprofit · EIN 23-7134974

LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC

Tax-exempt · LAKELAND, FL 33805

Financials

$4M$5.3M2022$2.7M$2.9M2023$18.6M$11.2M2024
Revenue Expenses · by fiscal year end
Financials of LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$18,625,480$11,246,056$7,379,424$51,261,349$105,521$51,155,828
September 30, 2024990$2,741,180$2,898,684-$157,504$45,532,088$194,909$45,337,179
September 30, 2023990$4,007,852$5,343,976-$1,336,124$42,615,155$84,513$42,530,642
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$15,193,468
Program service revenue
$0
Investment income
$7,229,030
Net income from fundraising events
-$213,789
Other revenue
-$3,797,018

Expenses

Grants and similar amounts paid
$10,282,420
Other salaries and wages
$661,650
Salaries, compensation and benefits (total)
$661,650
Professional fundraising fees
$0
Program services (functional)
$10,282,420
Management and general (functional)
$387,776
Fundraising (functional)
$575,860

Balance sheet and other

Total assets, start of year
$45,532,088
Total assets, end of year
$51,261,349
Total liabilities, end of year
$105,521
Net assets, end of year
$51,155,828
Publicly traded securities
$23,574,498
Net assets without donor restrictions
$14,537,095
Net assets with donor restrictions
$36,618,733
Gross receipts
$18,873,214
Employees
0
Volunteers
1,561
Year formed
1981
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Danielle DrummondPresident/CEO of LRHS
Trustee or director, Officer
1$0$1,487,708$252,389
Lance GreenSecretary/Treasurer
Trustee or director, Officer
1$0$828,288$161,524
Timothy BoyntonSVP - Development/Chief Public Relations
Key employee
1$0$492,000$107,924
Brad CrenshawPast Chair
Trustee or director
1$0$0$0
Robert Sorenson JrChair
Trustee or director
1$0$0$0
Nolen BaileyDirector
Trustee or director
1$0$0$0
Ashley BarnettDirector
Trustee or director
1$0$0$0
Dr Donna BhisitkulDirector
Trustee or director
1$0$0$0
Michael DelBovo SrDirector
Trustee or director
1$0$0$0
Gregory FancelliDirector
Trustee or director
1$0$0$0
Justin HollisDirector
Trustee or director
1$0$0$0
Hamilton HooksDirector
Trustee or director
1$0$0$0
Kim McKeelDirector
Trustee or director
1$0$0$0
Jaimi MillerVice Chair
Trustee or director
1$0$0$0
Kathleen MunsonDirector
Trustee or director
1$0$0$0
3 more people on this return
NameTitleHours / weekCompensation
E Blake PaulDirector
Trustee or director
1$0
Dennis OdishoDirector
Trustee or director
1$0
Ashley TroutmanDirector
Trustee or director
1$0
990 for the year ended September 30, 2024: 18 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Danielle DrummondPresident/CEO of LRHS
Trustee or director, Officer
1$0$1,292,236$222,548
Lance GreenSecretary/Treasurer
Trustee or director, Officer
1$0$747,140$148,152
Timothy BoyntonSVP - Development/Chief Public Relations and Commu
Key employee
1$0$441,305$99,934
Brad CrenshawPast Chair
Trustee or director
1$0$0$0
Robert Sorenson JrChair
Trustee or director
1$0$0$0
Nolen BaileyDirector
Trustee or director
1$0$0$0
Ashley BarnettDirector
Trustee or director
1$0$0$0
Dr Donna BhisitkulDirector
Trustee or director
1$0$0$0
Michael DelBovo SrDirector
Trustee or director
1$0$0$0
Gregory FancelliDirector
Trustee or director
1$0$0$0
Justin HollisDirector
Trustee or director
1$0$0$0
Hamilton HooksDirector
Trustee or director
1$0$0$0
Kim McKeelDirector
Trustee or director
1$0$0$0
Jaimi MillerVice Chair
Trustee or director
1$0$0$0
Kathleen MunsonDirector
Trustee or director
1$0$0$0
E Blake PaulDirector
Trustee or director
1$0$0$0
Dennis OdishoDirector
Trustee or director
1$0$0$0
Ashley TroutmanDirector
Trustee or director
1$0$0$0
990 for the year ended September 30, 2023: 18 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Danielle DrummondPresident/CEO of LRHS
Trustee or director, Officer
1$0$1,468,000$75,274
Lance GreenSecretary/Treasurer
Trustee or director, Officer
1$0$694,982$105,647
Timothy BoyntonVP of Development, Chief Public Relations
Key employee
1$0$419,226$70,177
Brad CrenshawPast Chair
Trustee or director
1$0$0$0
Robert Sorenson JrChair
Trustee or director
1$0$0$0
Ashley BarnettDirector
Trustee or director
1$0$0$0
Dr Donna BhisitkulDirector
Trustee or director
1$0$0$0
Michael DelBovo SrDirector
Trustee or director
1$0$0$0
Gregory FancelliDirector
Trustee or director
1$0$0$0
Justin HollisDirector
Trustee or director
1$0$0$0
Hamilton HooksDirector
Trustee or director
1$0$0$0
Jaimi MillerVice Chair
Trustee or director
1$0$0$0
Kathleen MunsonDirector
Trustee or director
1$0$0$0
E Blake PaulDirector
Trustee or director
1$0$0$0
Nolen BaileyDirector
Trustee or director
1$0$0$0
Kim McKeelDirector
Trustee or director
1$0$0$0
Dennis OdishoDirector
Trustee or director
1$0$0$0
Ashley TroutmanDirector
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1324 LAKELAND HILLS BLVD, LAKELAND, FL 33805-4543
Principal officer (990 for 2024)
Danielle Drummond, 1324 Lakeland Hills Boulevard, Lakeland, FL 33805
Signed the 990
Lance Green CPA, EVP/Chief Financial Officer
Phone
(863) 687-1100
Return prepared by
PYA PC

Mission

See schedule O for the organization's mission

990 for the year ended September 30, 2025

Program accomplishments

  • All of the Foundation's programs serve to further the quality of patient care at Lakeland Regional Health to deliver nationally recognized healthcare, strengthen the health of the community and advance the future of healthcare for those it serves.
    Expenses $10,282,420 · grants $10,282,420 · revenue -$3,583,229

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 yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
23-7134974
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1971
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E112)
Assets (IRS master file)
$51,261,349
Income (IRS master file)
$18,873,214

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$18,625,480$11,246,056$51,261,349XML
990September 2024$2,741,180$2,898,684$45,532,088XML
990September 2023$4,007,852$5,343,976$42,615,155XML
990September 2022$10,634,946$7,240,994$42,215,145IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

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 23-7134974).

Questions about LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC

What is the EIN of LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC?
The employer identification number (EIN) of LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC is 23-7134974.
Is LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC 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 LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC 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 LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC 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 LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC?
The 990 for the year ended September 30, 2025 names Danielle Drummond.
Who are the officers and directors of LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC?
The 990 for the year ended September 30, 2025 lists 18 people; 0 received compensation from the organization.
How much revenue does LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $18,625,480, expenses of $11,246,056 and total assets of $51,261,349 at year end.

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