Lake City Country Club
- Assets
- $534.1k
- Revenue
- $366.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Lake City, IA
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 42-0754142
Organization Overview
Lake City Country Club is located in Lake City, IA. The organization was established in 1972. 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 12/2021, Lake City Country Club employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake City 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 12/2021, Lake City Country Club generated $366.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $293.2k during the year ending 12/2021. While expenses have increased by 4.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A GOLF COURSE/CLUBHOUSE FOR THE RECREATION OF MEMBERS AND GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PART IX LINE 7B - WAGES FOR GROUNDSKEEPING, LANDSCAPING AND CLUBHOUSE SERVICES
PART IX LINE 16B - ROUTINE OCCUPANY COST FOR FACILITIES SUPPORTING PROGRAM SERVICES
PART IX LINE 22B - DEPRECIATION OF BUILDINGS AND EQUIPMENT USED IN SERVING MEMBERS
ENTITY SUCCESSFULLY OPERATES GOLF COURSE FOR MEMBERS, WITH CLUB HOUSE PROVIDING FOOD & BEVERAGES PRIMARILY TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Brown President | Trustee | $0 | |
Alisha Batz Vice-Preside | Trustee | $0 | |
Mike Mayer Secretary | Trustee | $0 | |
Kevin Mccaulley At Large | Trustee | $0 | |
Craig Rock At Large | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,324 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,211 |
| Total Program Service Revenue | $90,505 |
| 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 | $171,756 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,472 |
| 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 | $119,277 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,382 |
| Office expenses | $1,801 |
| Information technology | $3,112 |
| Royalties | $0 |
| Occupancy | $19,091 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,963 |
| Insurance | $9,931 |
| All other expenses | $31,672 |
| Total functional expenses | $293,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,709 |
| Savings and temporary cash investments | $133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,639 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $469,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $534,144 |
| Accounts payable and accrued expenses | $980 |
| 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 | $248,522 |
| Other liabilities | $7,893 |
| Total liabilities | $257,395 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $90,768 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $185,981 |
| Total liabilities and net assets/fund balances | $534,144 |
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|---|---|---|
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Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |