Lakeside Country Club
- Assets
- $71.4m
- Revenue
- $19.0m
- Investments
- $0.0
- Employees
- 382
- Location
- Houston, TX
- Founding
- 04/1957
- Data as of
- 08/2022
- EIN
- 74-1170526
Organization Overview
Lakeside Country Club is located in Houston, TX. The organization was established in 1957. 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 08/2022, Lakeside Country Club employed 382 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside 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 08/2022, Lakeside Country Club generated $19.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $24.1m during the year ending 08/2022. While expenses have increased by 4.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE COUNTRY CLUB OPERATED FOR THE BENEFIT OF ITS MEMBERS, PROVIDING FACILITIES SUCH AS A GOLF COURSE, TENNIS COURTS, FITNESS CENTER, POOL AND DINING..
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY OPERATES A COUNTRY CLUB FOR THE BENEFIT OF MEMBERS, PROVIDING FACILITIES SUCH AS A GOLF COURSE, TENNIS COURTS AND DINING ROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Smith President | OfficerTrustee | 1 | $0 |
Richard Fass Vice President | OfficerTrustee | 1 | $0 |
Travis Berg Treasurer | OfficerTrustee | 1 | $0 |
Jason Schultz Secretary | OfficerTrustee | 1 | $0 |
Stephen Lee Director | OfficerTrustee | 1 | $0 |
Jake Davis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tellepsen Builders Construction Work | 8/30/18 | $1,992,278 |
Forney Partnership Construction Work | 8/30/18 | $1,616,931 |
Marsh And Associates Inc Building Architect | 8/30/18 | $1,520,862 |
Facility Solutions Group Electrical Repairs And Maintenance | 8/30/18 | $348,546 |
Mcdonald Electric Electrical Repairs | 8/30/18 | $282,789 |
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 | $12,846,339 |
| Investment income | $20,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$240,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,361,603 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,994,763 |
| 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. | $528,914 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,732,623 |
| Pension plan accruals and contributions | $356,301 |
| Other employee benefits | $1,250,438 |
| Payroll taxes | $774,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,878 |
| Fees for services: Accounting | $58,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $994,940 |
| Advertising and promotion | $17,830 |
| Office expenses | $131,224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,390,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,230 |
| Interest | $1,059,786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,949,956 |
| Insurance | $490,941 |
| All other expenses | $1,119,214 |
| Total functional expenses | $24,064,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,160,856 |
| Savings and temporary cash investments | -$50 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,172,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,137,539 |
| Prepaid expenses and deferred charges | $554,549 |
| Net Land, buildings, and equipment | $59,389,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,415,140 |
| Accounts payable and accrued expenses | $3,081,977 |
| Grants payable | $0 |
| Deferred revenue | $1,821,841 |
| 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 | $30,934,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,918,237 |
| Total liabilities | $39,756,630 |
| Net assets without donor restrictions | $31,658,510 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $71,415,140 |