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 10/2021, Waseca Lakeside Club employed 45 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 10/2021, Waseca Lakeside Club generated $815.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $667.7k during the year ending 10/2021. While expenses have increased by 2.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 - 384 MEMBERS, SWIMMING & TENNIS - 125 MEMBERS, SOCIAL - 509 MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Corey Neid
President
$0
Jeremy Sharp
Secratary
$0
Kevin Malecha
Bod
$0
Barb Kunz
Bod
$0
Jayne Selvik
Bod
$0
Abby Bartz
Bod
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$363,322
Fundraising events$4,075
Related organizations$0
Government grants $63,464
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$430,861
Total Program Service Revenue$266,934
Investment income $554
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 $117,227
Miscellaneous Revenue$0
Total Revenue $815,576

Peer Organizations

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$7,676,658
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$7,356,496
Woodhill Country Club
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$5,942,697
Green Bay Country Club Inc
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$7,130,925
Minneapolis Club Inc
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$3,594,595
Spring Hill Golf Club
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$4,336,296
Chenequa Country Club Inc
Hartland, WI
$3,577,706
Tuckaway Country Club Inc
Franklin, WI
$4,849,926
Lake Geneva Country Club
Fontana, WI
$4,168,458
West Bend Country Club
West Bend, WI
$4,364,708

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