Lake Shore Country Club
- Assets
- $4.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 199
- Location
- Erie, PA
- Founding
- 11/1945
- Data as of
- 12/2021
- EIN
- 25-0607235
Organization Overview
Lake Shore Country Club is located in Erie, PA. The organization was established in 1945. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lake Shore Country Club employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Shore Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Lake Shore Country Club generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL AND RECREATIONAL FACILITIES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUBHOUSE - TO PROVIDE A RESTAURANT AND BAR TO PROMOTE SOCIAL AND RECREATIONAL ACTIVITIES OF ITS MEMBERS.
GOLF COURSE - TO PROVIDE RECREATION ACTIVITES.
POOL - TO PROVIDE RECREATION ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Wuenstrel General Manager | Officer | 40 | $86,159 |
Don Herbe Vice President | OfficerTrustee | 5 | $0 |
Scott Woofter Treasurer | OfficerTrustee | 3 | $0 |
John Laird President | OfficerTrustee | 10 | $0 |
Heather Scobell Board Member | Trustee | 3 | $0 |
Al Naylor Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,037,961 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,037,961 |
| Total Program Service Revenue | $2,223,013 |
| Investment income | $406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $796,073 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,168,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,745 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,415,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,148 |
| Payroll taxes | $171,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,540 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $375 |
| Advertising and promotion | $34,637 |
| Office expenses | $20,468 |
| Information technology | $19,665 |
| Royalties | $0 |
| Occupancy | $281,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,285 |
| Insurance | $105,214 |
| All other expenses | $54,977 |
| Total functional expenses | $3,386,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $141,901 |
| Prepaid expenses and deferred charges | $42,219 |
| Net Land, buildings, and equipment | $3,826,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,906,225 |
| Accounts payable and accrued expenses | $294,550 |
| Grants payable | $0 |
| Deferred revenue | $642,116 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,941,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,877,906 |
| Net assets without donor restrictions | $1,028,319 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,906,225 |
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|---|---|---|
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Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |