Laconia Golf Club Inc
- Assets
- $5.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Laconia, NH
- Founding
- 04/1999
- Data as of
- 12/2019
- EIN
- 02-0497845
Organization Overview
Laconia Golf Club Inc is located in Laconia, NH. The organization was established in 1999. According to its NTEE Classification (N6A) the organization is classified as: Golf, 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. Laconia Golf Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Laconia Golf Club Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2019. While expenses have increased by 0.4% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO PROVIDE, IMPROVE AND MAINTAIN GOLF COURSE FACILITIES FOR THE BENEFIT OF ITS MEMBERS AND GUESTS. THE ORGANIZATION OPERATES A PRIVATE GOLF CLUB CURRENTLY LOCATED ON AN EIGHTEEN-HOLE CHAMPIONSHIP CLASS GOLF COURSE IN LACONIA, NH. REVENUES ARE PRINCIPALLY DERIVED FROM MEMBERS, GREENS FEES, CART RENTALS AND TOURNAMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LACONIA GOLF CLUB HAS APPROXIMATELY 450 MEMBERS. THE ORGANIZATION PROVIDES ACCESS TO ITS MEMBERS AND GUESTS TO THE LACONIA COUNTRY CLUB'S GOLF COURSE AND FACILITIES . THE ORGANIZATION IMPROVES AND MAINTAINS THE GOLF COURSE FOR THE BENEFIT OF THE MEMBERS AND THEIR GUESTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Boule Treasurer | OfficerTrustee | 4 | $0 |
Mark Woglom President | OfficerTrustee | 4 | $0 |
Sheila Sullivan Secretary | OfficerTrustee | 4 | $0 |
Austin Broadhurst Director | Trustee | 2 | $0 |
Michael Robichaud Director | Trustee | 2 | $0 |
Tom Berry Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laconia Country Club Management | 12/30/19 | $0 |
Laconia Country Club Course Rental | 12/30/19 | $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 | $2,119,937 |
| Investment income | $128 |
| 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 | $2,120,065 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $420,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,400 |
| Advertising and promotion | $0 |
| Office expenses | $35,702 |
| 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 | $44,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,997 |
| Insurance | $28,692 |
| All other expenses | $0 |
| Total functional expenses | $1,693,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,422 |
| Savings and temporary cash investments | $213,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,361,961 |
| 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 | $14,290 |
| Net Land, buildings, and equipment | $3,298,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,000 |
| Other assets | $837,886 |
| Total assets | $5,924,050 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,510,946 |
| 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 | $882,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $303,818 |
| Total liabilities | $2,697,747 |
| Net assets without donor restrictions | $3,226,303 |
| 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 | $5,924,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Golf Association Inc Norton, MA | $15,590,916 | $5,132,097 |
Hatherly Golf Club Inc N Scituate, MA | $7,824,887 | $4,661,399 |
Professional Golfers Assn New England Section Pga Of America Boylston, MA | $3,506,395 | $3,841,332 |
The Cummaquid Golf Club Of Yarmouth And Barnstable Inc Yarmouthport, MA | $8,327,661 | $3,361,650 |
Needham Golf Club Inc Needham, MA | $4,353,168 | $3,028,845 |
Laconia Golf Club Inc Laconia, NH | $5,924,050 | $2,120,065 |
Norfolk Golf Club Westwood, MA | $4,300,794 | $1,479,229 |
Whitinsville Golf Club Whitinsville, MA | $2,081,032 | $1,286,518 |
Edgartown Golf Club Inc Edgartown, MA | $2,624,313 | $1,226,212 |
Maine Golf House Inc Cumberland, ME | $1,550,780 | $1,201,316 |
Reservation Golf Club Inc Mattapoisett, MA | $1,093,441 | $1,205,522 |
Megunticook Golf Club Rockport, ME | $1,379,805 | $881,497 |