Three Lakes Public Golf Club Inc
- Assets
- $696.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Wenatchee, WA
- Founding
- 09/1955
- Data as of
- 12/2021
- EIN
- 91-0610252
Organization Overview
Three Lakes Public Golf Club Inc is located in Wenatchee, WA. The organization was established in 1955. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Three Lakes Public Golf Club Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Lakes Public Golf Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Three Lakes Public Golf Club Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $833.4k during the year ending 12/2021. While expenses have increased by 6.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A RECREATION FACILITY FOR LOCAL RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THREE LAKES PUBLIC GOLF CLUB, INC OPERATES AN 18 HOLE GOLF COURSE IN AN AGRICULTURAL AND RETIREMENT COMMUNITY. ITS PURPOSE IS TO PROVIDE A RECREATIONAL FACILITY FOR RESIDENTS OF MODEST MEANS AT A REASONABLE PRICE.
THREE LAKES PUBLIC GOLF CLUB, INC OPERATES AN 18 HOLE GOLF COURSE IN AN AGRICULTURAL AND RETIREMENT COMMUNITY. ITS PURPOSE IS TO PROVIDE A RECREATIONAL FACILITY FOR RESIDENTS OF MODEST MEANS AT A REASONABLE PRICE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ricketts President | OfficerTrustee | $0 | |
Paul Horner Vice Preside | OfficerTrustee | $0 | |
Paul Render Treasurer | OfficerTrustee | $0 | |
Bob Lam Secretary | OfficerTrustee | $0 | |
Nancy Miller Director | Trustee | $0 | |
Bill Forsberg Director | Trustee | $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 | $760,353 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,814 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,172,732 |
| 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 | $368,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $48,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $4,100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,767 |
| Insurance | $47,964 |
| All other expenses | $113,604 |
| Total functional expenses | $833,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,686 |
| Savings and temporary cash investments | $385 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,974 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $355,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,843 |
| Total assets | $696,763 |
| Accounts payable and accrued expenses | $110,350 |
| Grants payable | $0 |
| Deferred revenue | $124,714 |
| 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 | $339,847 |
| Unsecured mortgages and notes payable | $100,192 |
| Other liabilities | $66,025 |
| Total liabilities | $741,128 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,360 |
| Paid-in or capital surplus, or land, building, or equipment fund | $29,849 |
| Retained earnings, endowment, accumulated income, or other funds | -$78,574 |
| Total liabilities and net assets/fund balances | $696,763 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inglewood Golf Club Kenmore, WA | $15,231,444 | $7,003,359 |
Hillcrest Country Club Inc Boise, ID | $12,228,701 | $5,954,612 |
Pacific Northwest Section Of The Professional Golfers Assn Of Amer Tumwater, WA | $1,570,511 | $2,890,787 |
Washington State Golf Association Tacoma, WA | $7,966,276 | $3,313,504 |
Leavenworth Golf Club Leavenworth, WA | $1,216,969 | $1,328,678 |
Idaho Golf Association Inc Boise, ID | $468,210 | $1,174,464 |
The Childrens Course Inc Gladstone, OR | $5,253,233 | $2,160,091 |
Seattle Jr Golf Foundation Seattle, WA | $2,007,752 | $1,363,163 |
Three Lakes Public Golf Club Inc Wenatchee, WA | $696,763 | $1,172,732 |
First Tee Of South Puget Sound Tacoma, WA | $418,296 | $879,637 |
Peninsula Golf Club Inc Port Angeles, WA | $452,776 | $721,154 |
Washington Junior Golf Association Sumner, WA | $1,026,048 | $591,008 |