Forest Lake Country Club
- Assets
- $23.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 117
- Location
- Bloomfield Hills, MI
- Founding
- 04/1956
- Data as of
- 10/2021
- EIN
- 38-1443684
Organization Overview
Forest Lake Country Club is located in Bloomfield Hills, MI. The organization was established in 1956. As of 10/2021, Forest Lake Country Club employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Lake 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 10/2021, Forest Lake Country Club generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.8m during the year ending 10/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PLEASURE, RECREATION AND SOCIAL OPPORTUNITIES TO THE MEMBERS OF FOREST LAKE COUNTRY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PLEASURE, RECREATION AND SOCIAL OPPORTUNITIES TO THE MEMBERS OF FOREST LAKE COUNTRY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Polly General Manager | 40 | $132,025 | |
Ryan Moore Superintendent | 40 | $121,486 | |
Creighton Forester President | OfficerTrustee | 2 | $0 |
David Petoskey Secretary | OfficerTrustee | 2 | $0 |
Mark Smith Treasurer | OfficerTrustee | 2 | $0 |
Kenneth Neuman Vice - President | OfficerTrustee | 2 | $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 | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $2,117,435 |
| 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 | -$247,798 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,810,525 |
| 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 | $1,002,082 |
| Pension plan accruals and contributions | $7,742 |
| Other employee benefits | $61,120 |
| Payroll taxes | $134,298 |
| 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 | $789 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $141,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $125,841 |
| All other expenses | $690,246 |
| Total functional expenses | $2,822,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,949,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $740,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $237,504 |
| Prepaid expenses and deferred charges | $46,887 |
| Net Land, buildings, and equipment | $20,318,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,292,374 |
| Accounts payable and accrued expenses | $577,928 |
| Grants payable | $0 |
| Deferred revenue | $155,961 |
| 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 | $3,764,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,498,300 |
| Net assets without donor restrictions | $18,794,074 |
| 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 | $23,292,374 |
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