Lochmoor Club
- Assets
- $9.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 146
- Location
- Grosse Pointe Woods, MI
- Founding
- 11/1942
- Data as of
- 09/2023
- EIN
- 38-0768670
Organization Overview
Lochmoor Club is located in Grosse Pointe Woods, MI. The organization was established in 1942. 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 09/2023, Lochmoor Club employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lochmoor Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Lochmoor Club generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. 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
LEISURE, RECREATION, AND SOCIAL INTERACTION OF MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES INCURRED ARE PROVIDED FOR THE RECREATION AND PLEASURE OF ALL MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constantine Raphtis President | OfficerTrustee | 5 | $0 |
Scott Orhan Director | OfficerTrustee | 5 | $0 |
Tomasine Marx Treasurer | OfficerTrustee | 5 | $0 |
Michael Kosch Secretary | OfficerTrustee | 5 | $0 |
Michael Wickham Vice President | Trustee | 5 | $0 |
Shaun Hampton Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davey Tree Expert Co Golf Course Maintenance | 9/29/19 | $805,298 |
John Pershern Golf Sales | 9/29/19 | $537,859 |
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 | $5,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,900 |
| Total Program Service Revenue | $4,072,956 |
| Investment income | $12,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$447,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$303,445 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,290,616 |
| 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 | $1,325,266 |
| Pension plan accruals and contributions | $66,850 |
| Other employee benefits | $26,325 |
| Payroll taxes | $157,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,184 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,226 |
| Interest | $141,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,532 |
| Insurance | $120,546 |
| All other expenses | $358,358 |
| Total functional expenses | $4,130,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,014,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $817,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $307,375 |
| Prepaid expenses and deferred charges | $47,652 |
| Net Land, buildings, and equipment | $6,819,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $147,457 |
| Total assets | $9,154,172 |
| Accounts payable and accrued expenses | $517,573 |
| Grants payable | $0 |
| Deferred revenue | $16,920 |
| 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 | $4,738,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,668 |
| Total liabilities | $5,336,313 |
| Net assets without donor restrictions | $3,817,859 |
| 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 | $9,154,172 |