Lakewood Country Club
- Assets
- $13.7m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 197
- Location
- Rockville, MD
- Founding
- 10/1962
- Data as of
- 03/2022
- EIN
- 53-0245497
Organization Overview
Lakewood Country Club is located in Rockville, MD. The organization was established in 1962. 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 03/2022, Lakewood Country Club employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood 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 03/2022, Lakewood Country Club generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $8.1m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
SOCIAL AND RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PLEASURE, RECREATION, AND SOCIAL OPPORTUNITIES TO MEMBERS OF LAKEWOOD COUNTRY CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mac Niven Former General Manager/coo | 50 | $261,112 | |
Andrea Miller Director Of Special Events | 50 | $243,511 | |
David Crawmer Director Of Golf | 50 | $213,575 | |
Phil Desbrow Golf Course Manager | 50 | $185,844 | |
John Mcdaniel Director Of Tennis | 50 | $177,044 | |
Amy Stone Former Controller | 50 | $166,141 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Crawmer Golf Professional | 3/30/22 | $400,891 |
Smart Landscaping & Hardscaping Landscaping | 3/30/22 | $238,900 |
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 | $8,436,150 |
| Investment income | $277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$101,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$260,549 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,573,130 |
| 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 | $2,801,806 |
| Pension plan accruals and contributions | $31,766 |
| Other employee benefits | $185,048 |
| Payroll taxes | $247,394 |
| 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 | $47,735 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $726,390 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $434,058 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,135,294 |
| Insurance | $156,447 |
| All other expenses | $739,422 |
| Total functional expenses | $8,101,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,137,838 |
| Savings and temporary cash investments | $701,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,175,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $219,536 |
| Prepaid expenses and deferred charges | $128,183 |
| Net Land, buildings, and equipment | $9,275,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,567 |
| Total assets | $13,650,791 |
| Accounts payable and accrued expenses | $826,437 |
| Grants payable | $0 |
| Deferred revenue | $991,487 |
| 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 | $9,923,288 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $212,260 |
| Total liabilities | $11,953,472 |
| Net assets without donor restrictions | $1,697,319 |
| 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 | $13,650,791 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |