Lakelands Golf And Country Club
- Assets
- $8.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 131
- Location
- Brighton, MI
- Founding
- 05/1945
- Data as of
- 03/2022
- EIN
- 38-0741360
Organization Overview
Lakelands Golf And Country Club is located in Brighton, MI. 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 03/2022, Lakelands Golf And Country Club employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakelands Golf And 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 03/2022, Lakelands Golf And Country Club generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.3m during the year ending 03/2022. While expenses have increased by 1.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE GOLF AND COUNTRY CLUB OPERATING FOR THE BENEFIT OF THE MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE GOLF AND COUNTRY CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Hicks President | OfficerTrustee | 3 | $0 |
Chris Wendrick Secretary | OfficerTrustee | 2 | $0 |
John Kinstler Treasurer | OfficerTrustee | 2 | $0 |
John Kukalis Vice Preside | OfficerTrustee | 1.5 | $0 |
Tom Lehto Director | Trustee | 1.5 | $0 |
George Hawes Director | Trustee | 1.5 | $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 | $2,180,027 |
| Investment income | $234 |
| 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 | $1,091,753 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,278,202 |
| 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 | $1,177,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,367 |
| Payroll taxes | $149,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,719 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,007 |
| Travel | $1,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,093 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,464 |
| All other expenses | $364,280 |
| Total functional expenses | $2,343,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $774,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $319,118 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $165,760 |
| Prepaid expenses and deferred charges | $77,481 |
| Net Land, buildings, and equipment | $7,495,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,632 |
| Total assets | $8,841,116 |
| Accounts payable and accrued expenses | $115,647 |
| Grants payable | $0 |
| Deferred revenue | $91,330 |
| 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 | $1,973,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,155 |
| Total liabilities | $2,378,801 |
| Net assets without donor restrictions | $6,462,315 |
| 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 | $8,841,116 |
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