Waseca Lakeside Club

Organization Overview

Waseca Lakeside Club is located in Waseca, MN. The organization was established in 1974. 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 10/2022, Waseca Lakeside Club employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waseca Lakeside Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 10/2022, Waseca Lakeside Club generated $863.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $634.4k during the year ending 10/2022. While expenses have increased by 1.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN THE PRESERVATION OF THE GROUNDS TO UNITE THE MEMBERS TO CREATE GOOD FELLOWSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GOLF COURSE - 325 MEMBERS, SWIMMING & TENNIS - 117 MEMBERS, SOCIAL - 442 MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Malecha
Bod
$0
Jayne Selvik
President
$0
Jane Fitzsimmons
Bod
$0
Dan Bonneur
Bod
$0
Aaron Omtvedt
Secretary
$0
Josh Pederson
Bod
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$382,770
Fundraising events$1,669
Related organizations$0
Government grants $15,000
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$399,439
Total Program Service Revenue$256,484
Investment income $1,531
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $98,242
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $107,718
Miscellaneous Revenue$0
Total Revenue $863,414

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