Lakeside Country Club Incorporated
- Assets
- $1.4m
- Revenue
- $300.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hensley, AR
- Founding
- 02/1945
- Data as of
- 09/2022
- EIN
- 71-0103550
Organization Overview
Lakeside Country Club Incorporated is located in Hensley, AR. The organization was established in 1945. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside Country Club Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Lakeside Country Club Incorporated generated $300.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $271.0k during the year ending 09/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB TO PROMOTE THE PLEASURE AND BODILY HEALTH OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTERTAINMENT - FAMILY NIGHT BINGO & ACTIVITIES ONE NIGHT MONTHLY OR AS DESIRED, AVAILABLE TO ALL MEMBERS.
MISCELLANEOUS SOCIAL FUNCTIONS FOR MEMBERS WHICH INCLUDE MOTHER'S/FATHER'S DAY, EASTER, JULY 4TH CELEBRATION, CHRISTMAS AND OTHER VARIOUS FAMILY CELEBRATION EVENTS.
HUNTING, FISHING AND SWIMMING THROUGHOUT THE YEAR AND AS PERMITTED BY LAW.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Williams President | OfficerTrustee | 1 | $0 |
Mike Drake Director/vp | OfficerTrustee | 1 | $0 |
Loren Dyson Director | Trustee | 1 | $0 |
Rick Mcneill Director | Trustee | 1 | $0 |
James Davis Jr Sec/treasurer | Trustee | 1 | $0 |
Jesse Mcginley Director | Trustee | 1 | $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 | $266,051 |
| Investment income | $306 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,238 |
| 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 | $48,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,196 |
| Fees for services: Accounting | $1,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,938 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,533 |
| Insurance | $25,905 |
| All other expenses | $2,350 |
| Total functional expenses | $270,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $333,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,015,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,364,038 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $73,249 |
| Total liabilities | $73,249 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $649,855 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $640,934 |
| Total liabilities and net assets/fund balances | $1,364,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Oaks Country Club Houston, TX | $73,616,610 | $29,469,284 |
San Antonio Country Club San Antonio, TX | $32,771,937 | $23,788,660 |
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |