Lexington Country Club Inc
- Assets
- $11.6m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 232
- Location
- Lexington, KY
- Founding
- 12/1928
- Data as of
- 12/2023
- EIN
- 61-0258900
Organization Overview
Lexington Country Club Inc is located in Lexington, KY. The organization was established in 1928. 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 12/2023, Lexington Country Club Inc employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Country 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 12/2023, Lexington Country Club Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $6.7m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEXINGTON COUNTRY CLUB IS A SOCIAL CLUB WITH SPORTS AND SPECIAL ACTIVITIES. GOLF, TENNIS, SWIMMING, DINING AND SOCIAL EVENTS ARE HELD FOR THE MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mattmiller Director | Trustee | 1 | $0 |
Brent Richards President | OfficerTrustee | 1 | $0 |
Janet Goldthorpe Director | Trustee | 1 | $0 |
Dennis Bohannon Director | Trustee | 1 | $0 |
Neil Howard Director | Trustee | 1 | $0 |
Cameron Freeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,087,354 |
| 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 | $7,087,354 |
| Total Program Service Revenue | $620,874 |
| Investment income | $0 |
| 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 | $1,464,786 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,215,917 |
| 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. | $105,774 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,704,586 |
| Pension plan accruals and contributions | $19,479 |
| Other employee benefits | $265,706 |
| Payroll taxes | $261,575 |
| 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 | $80,839 |
| Advertising and promotion | $0 |
| Office expenses | $430,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,760 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $825,584 |
| Insurance | $76,081 |
| All other expenses | $91,633 |
| Total functional expenses | $6,663,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,063,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $249,848 |
| Prepaid expenses and deferred charges | $36,392 |
| Net Land, buildings, and equipment | $9,191,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $197,086 |
| Other assets | $0 |
| Total assets | $11,596,045 |
| Accounts payable and accrued expenses | $305,140 |
| Grants payable | $0 |
| Deferred revenue | $597,581 |
| 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 | $3,387,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,284,134 |
| Total liabilities | $7,574,255 |
| Net assets without donor restrictions | $4,021,790 |
| 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 | $11,596,045 |