Lakeside Country Club
- Assets
- $69.2m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 380
- Location
- Houston, TX
- Founding
- 04/1957
- Data as of
- 08/2021
- 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 08/2021, Lakeside Country Club employed 380 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 08/2021, Lakeside Country Club generated $18.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $23.5m during the year ending 08/2021. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Craig Schaner General Mananger | Officer | 40 | $376,931 |
Cw Canfield Director Of Golf | 40 | $304,950 | |
Kenneth Messimer Asst Golf Pro | 40 | $249,552 | |
Terry Hutcherson Golf Course Superintendent | 40 | $233,261 | |
Craig Meyer Executive Chef | 40 | $202,420 | |
Brett Aldridge President | OfficerTrustee | 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 |
Facility Solutions Group Electrical Repairs And Maintenance | 8/30/18 | $348,546 |
Marsh And Associates Inc Building Architect | 8/30/18 | $1,520,862 |
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 | $11,599,222 |
| Investment income | $33,177 |
| 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 | $5,875,425 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,860,611 |
| 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. | $406,989 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,638,667 |
| Pension plan accruals and contributions | $303,631 |
| Other employee benefits | $1,220,929 |
| Payroll taxes | $783,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,122 |
| Fees for services: Accounting | $54,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $859,410 |
| Advertising and promotion | $14,418 |
| Office expenses | $146,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,344,824 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,876 |
| Interest | $1,079,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,971,596 |
| Insurance | $478,219 |
| All other expenses | $985,350 |
| Total functional expenses | $23,493,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,278,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,034,247 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,068,526 |
| Prepaid expenses and deferred charges | $578,853 |
| Net Land, buildings, and equipment | $60,260,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,220,529 |
| Accounts payable and accrued expenses | $3,559,969 |
| Grants payable | $0 |
| Deferred revenue | $1,552,543 |
| 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 | $31,916,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,488,802 |
| Total liabilities | $39,517,558 |
| Net assets without donor restrictions | $29,702,971 |
| 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 | $69,220,529 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lakeside Country Club has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Texas Golf Association Foundation Addison, TX PURPOSE: GENERAL SUPPORT | $15,000 |
Texas Mutual Insurance Company Austin, TX PURPOSE: Hurricane Harvey relief | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Country Club Dallas, TX | $88,595,655 | $22,324,352 |
Lakeside Country Club Houston, TX | $69,220,529 | $18,860,611 |
Brook Hollow Golf Club Dallas, TX | $62,764,529 | $18,371,146 |
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |