Lakewood Holding Company Inc
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 65
- Location
- Lees Summit, MO
- Founding
- 09/2009
- Data as of
- 12/2020
- EIN
- 26-0388078
Organization Overview
Lakewood Holding Company Inc is located in Lees Summit, MO. The organization was established in 2009. 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 12/2020, Lakewood Holding Company Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Holding Company Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Lakewood Holding Company Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. While expenses have increased by 0.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO MEMBERS OF THE COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A GOLF COURSE FACILITY FOR MEMBERS OF THE COUNTRY CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Heydon President | OfficerTrustee | 1 | $0 |
Larry Fields Vice-President | OfficerTrustee | 1 | $0 |
Dave Petet Treasurer | OfficerTrustee | 1 | $0 |
Christy Nyquist Secretary | OfficerTrustee | 1 | $0 |
Dwayne Saucier Director | Trustee | 1 | $0 |
Brooke Beebe Director | Trustee | 1 | $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 | $1,529,340 |
| Investment income | $0 |
| 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 | $48,040 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,898,350 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,288 |
| Pension plan accruals and contributions | $15,101 |
| Other employee benefits | $325 |
| Payroll taxes | $57,111 |
| Fees for services: Management | $35,000 |
| Fees for services: Legal | $4,050 |
| Fees for services: Accounting | $46,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,964 |
| Office expenses | $4,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,919 |
| Insurance | $105,534 |
| All other expenses | $236,735 |
| Total functional expenses | $1,800,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,127 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107,988 |
| Prepaid expenses and deferred charges | $25,151 |
| Net Land, buildings, and equipment | $1,145,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,511,917 |
| Accounts payable and accrued expenses | $21,868 |
| Grants payable | $0 |
| Deferred revenue | $119,281 |
| 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 | $2,042,846 |
| Unsecured mortgages and notes payable | $212,500 |
| Other liabilities | $84,306 |
| Total liabilities | $2,480,801 |
| Net assets without donor restrictions | -$968,884 |
| 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 | $1,511,917 |
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