Lincoln Hills Golf Club
- Assets
- $1.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 78
- Location
- Ludington, MI
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 38-0763640
Organization Overview
Lincoln Hills Golf Club is located in Ludington, MI. The organization was established in 2007. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lincoln Hills Golf Club employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Hills Golf 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, Lincoln Hills Golf Club generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 12.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT, RECEIVE, AND ADMINISTER FUNDS EXCLUSIVELY FOR PLEASURE, RECREATION, AND OTHER NON-PROFIT PURPOSES AS PERMITTED FOR ORGANIZATIONS DEFINED IN IRC SECTION 501(C)7.
Describe the Organization's Program Activity:
Part 3 - Line 4a
18 HOLE GOLF COURSE AVAILABLE FOR USE BY MEMBERS AND THEIR GUESTS, INCLUDING PRACTICE FACILITIES, GOLF CARTS, MEMBER LOCKER ROON AND CLUB STORAGE FACILITIES ON SITE. GOLF INSTRUCTION AVAILABLE BY A PGA PROFESSIONAL. MEMBER-GUEST, CODGER CLASSIC, TURKEY SHOOT, AND OTHER GOLF TOURNAMENTS FOR MEMBERS AND THEIR GUESTS TAKE PLACE THROUGHOUT THE SEASON. TENNIS COURTS ARE ALSO AVAILABLE FOR MEMBER USE AND ENJOYMENT.
MEMBER LOUNGE IN THE CLUBHOUSE PROVIDES A COMPLETE COURMET RESTAURANT AND BAR FACILITY FOR MEMBERS AND THEIR GUESTS. MEBERS USE THE FACILITY FOR PERSONAL AND FAMILY DINING, BUSINESS LUNCHES AND DINNERS, AND SMALL SOCIAL EVENTS. A BANQUET FACILITY IS USED FOR MEMBER EVENTS SUCH AS OPENING AND CLOSING PARTIES, ANNUAL CORN ROAST, AND HOLIDAY PARTIES. THE FACILITY IS USED ON A LIMITED BASIS FOR LOCAL NONPROFIT ORGANIZATION FOR FUNDRAISING ACTIVITIES. THE BANQUET FACILITY USE WAS SIGNIFICANTLY IMPACTED BY COVID-19 RESTRICTIONS DURING PRIOR YEAR 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted May Director | Trustee | 1 | $0 |
Mitch Foster Secretary | Trustee | 1 | $0 |
Allan Stam Treasurer | Trustee | 1 | $0 |
Jen Larson Director | Trustee | 1 | $0 |
Michael Kellaher Director | Trustee | 1 | $0 |
Kelly Parker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $735,124 |
| 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 | $735,124 |
| Total Program Service Revenue | $714,478 |
| 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 | $394,208 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,875,099 |
| 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 | $743,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $103,257 |
| Fees for services: Management | $52,536 |
| Fees for services: Legal | $4,245 |
| Fees for services: Accounting | $13,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $3,374 |
| Office expenses | $4,359 |
| Information technology | $17,036 |
| Royalties | $0 |
| Occupancy | $202,252 |
| Travel | $511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $173,043 |
| Total functional expenses | $1,755,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,740 |
| Savings and temporary cash investments | $236,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,756 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $134,564 |
| Prepaid expenses and deferred charges | $118 |
| Net Land, buildings, and equipment | $457,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,497 |
| Other assets | $1,550 |
| Total assets | $1,052,843 |
| Accounts payable and accrued expenses | $97,231 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,534 |
| Total liabilities | $121,765 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $17,378 |
| Paid-in or capital surplus, or land, building, or equipment fund | $576,917 |
| Retained earnings, endowment, accumulated income, or other funds | $336,783 |
| Total liabilities and net assets/fund balances | $1,052,843 |