Lake Shore Country Club
- Assets
- $4.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 239
- Location
- Erie, PA
- Founding
- 11/1945
- Data as of
- 12/2023
- 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 12/2023, Lake Shore Country Club employed 239 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 12/2023, Lake Shore Country Club generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
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.
POOL OPERATIONS
GOLF COURSE - TO PROVIDE RECREATION ACTIVITES.
POOL - TO PROVIDE RECREATION ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Brim President | OfficerTrustee | 10 | $0 |
Bryan Dilucente Board Member | Trustee | 3 | $0 |
Joe Lochbaum Vice President | OfficerTrustee | 5 | $0 |
William Higley Treasurer | OfficerTrustee | 3 | $0 |
Philip Gallagher Board Member | Trustee | 3 | $0 |
Scott Herron Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,132,479 |
| Investment income | $9,251 |
| 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 | $981,311 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,149,542 |
| 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. | $66,716 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,831,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,949 |
| Payroll taxes | $229,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,047 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $500 |
| Fees for services: Other | $100 |
| Advertising and promotion | $25,324 |
| Office expenses | $29,502 |
| Information technology | $76,395 |
| Royalties | $0 |
| Occupancy | $320,433 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310,966 |
| Insurance | $107,184 |
| All other expenses | $104,043 |
| Total functional expenses | $4,109,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,792 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $184,806 |
| Prepaid expenses and deferred charges | $70,521 |
| Net Land, buildings, and equipment | $3,924,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,926,157 |
| Accounts payable and accrued expenses | $396,184 |
| Grants payable | $0 |
| Deferred revenue | $581,288 |
| 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 | $2,912,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,889,472 |
| Net assets without donor restrictions | $1,036,685 |
| 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 | $4,926,157 |