Jefferson Lakeside Club
- Assets
- $3.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 82
- Location
- Richmond, VA
- Founding
- 08/1945
- Data as of
- 12/2023
- EIN
- 54-0276270
Organization Overview
Jefferson Lakeside Club is located in Richmond, VA. The organization was established in 1945. 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 12/2023, Jefferson Lakeside Club employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson 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 12/2023, Jefferson Lakeside Club generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS PRIVATE MEMBER OWNED AND PROVIDES, GOLF, TENNIS, AQUATIACS, DINING AND FITNESS FOR ITS MEMBERS FOR RECREATION AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE & RELATED FACILITIES: EIGHTEEN HOLE GOLF COURSE & RELATED FACILITIES ARE MAINTAINED FOR THE USE AND ENJOYMENT OF MEMBERS AND GUESTS.
DINING ROOM & CLUBHOUSE FACILITIES: CLUBHOUSE WITH FOOD AND BAR SERVICE IS MAINTAINED FOR USE BY MEMBERS AND GUESTS.
SWIMMING POOL FACILITIES: OUTDOOR POOL IS MAINTAINED FOR USE BY MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Riley President | OfficerTrustee | 20 | $0 |
Chris Swanson 2nd Vice President | OfficerTrustee | 3 | $0 |
Beth Watson Secretary | OfficerTrustee | 3 | $0 |
Michael Mclaughlin Treasurer | OfficerTrustee | 20 | $0 |
Carl Derubeis Governor | Trustee | 2 | $0 |
Barry White Governor | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,182,931 |
| 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 | $210,062 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,571,718 |
| 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 | $1,273,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,599 |
| Payroll taxes | $102,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,270 |
| 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 | $47,916 |
| Advertising and promotion | $5,417 |
| Office expenses | $12,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $369,050 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $909 |
| Interest | $98,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,742 |
| Insurance | $65,771 |
| All other expenses | $136,432 |
| Total functional expenses | $2,726,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,200 |
| Prepaid expenses and deferred charges | $2,873 |
| Net Land, buildings, and equipment | $2,485,974 |
| Investments—publicly traded securities | $31,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,998 |
| Other assets | $0 |
| Total assets | $2,974,534 |
| Accounts payable and accrued expenses | $38,894 |
| Grants payable | $0 |
| Deferred revenue | $119,825 |
| 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 | $2,483,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$27,946 |
| Total liabilities | $2,614,456 |
| Net assets without donor restrictions | $0 |
| 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 | $360,078 |
| Total liabilities and net assets/fund balances | $2,974,534 |