Lake Forest Country Club Inc
- Assets
- $10.8m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 175
- Location
- Louisville, KY
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 20-0283427
Organization Overview
Lake Forest Country Club Inc is located in Louisville, KY. The organization was established in 2004. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lake Forest Country Club Inc employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COUNTRY AND SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTRY CLUB, SOCIAL ACTIVITIES, AND EVENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Wilkins Director | Trustee | 0.5 | $0 |
Amy Faust Director | Trustee | 0.5 | $0 |
Nicholas Kramer Director | Trustee | 0.5 | $0 |
Brent Etscorn Director | Trustee | 0.5 | $0 |
Nicholas Pozaric Director | Trustee | 0.5 | $0 |
Andrew Swan President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sanders Golf Llc Golf Course Construction Contractor | 12/30/23 | $1,388,021 |
Phoenix Pools Llc Pool Maintenance & Construction Contract | 12/30/23 | $295,697 |
Sullivan Cozart Clubhouse Remodeling | 12/30/23 | $100,243 |
Triple H Services Llc Maintenance | 12/30/23 | $213,527 |
Spray-tec Inc Insulation Contractor | 12/30/23 | $162,584 |
View All Vendors
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 | $3,981,386 |
| Investment income | $11,288 |
| 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 | $990,384 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,031,924 |
| 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. | $301,879 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,085,226 |
| Pension plan accruals and contributions | $38,389 |
| Other employee benefits | $302,772 |
| Payroll taxes | $200,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $238,186 |
| Advertising and promotion | $0 |
| Office expenses | $202,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $583,686 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,369 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $483,569 |
| Insurance | $93,120 |
| All other expenses | $0 |
| Total functional expenses | $5,296,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,336 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,062,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $111,223 |
| Prepaid expenses and deferred charges | $27,158 |
| Net Land, buildings, and equipment | $9,219,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $199,899 |
| Other assets | $0 |
| Total assets | $10,782,899 |
| Accounts payable and accrued expenses | $597,808 |
| Grants payable | $0 |
| Deferred revenue | $880,888 |
| 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 | $4,577,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,266 |
| Total liabilities | $6,288,177 |
| Net assets without donor restrictions | $4,494,722 |
| 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 | $10,782,899 |