Lakeshore Country Club Inc
- Assets
- $751.5k
- Revenue
- $410.0k
- Investments
- $0.0
- Employees
- 17
- Location
- Madisonville, KY
- Founding
- 08/1970
- Data as of
- 12/2021
- EIN
- 61-0715153
Organization Overview
Lakeshore Country Club Inc is located in Madisonville, KY. The organization was established in 1970. 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 12/2021, Lakeshore Country Club Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore 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 12/2021, Lakeshore Country Club Inc generated $410.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $378.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTITY'S PRIMARY EXEMPT FUNCTION IS TO PROVIDE GOLF, RECREATIONAL AND SOCIAL ACTIVITIES AND FACILITIES FOR MEMBERS, THE COMMUNITY IN WHICH IT IS DOMICILED AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXEMPT PURPOSE ACHIEVEMENTS WERE ACCOMPLISHED THROUGH THE PROVISION OF FACILITIES FOR USE BY THE MEMBERSHIP AND LOCAL PATRONS. THE ENTITY CONDUCTED GOLF TOURNAMENTS FOR HOPKINS COUNTY INDUSTRIES AND THE BUSINESS COMMUNITY. IT ALSO PROVIDED SOCIAL ACTIVITIES FOR MEMBERS AND THEIR GUESTS. ALTHOUGH, IT IS DIFFICULT TO DETERMINE AN EXACT NUMBER, HUNDREDS OF INDIVIDUALS WERE AFFORDED AN OPPORTUNITY TO PARTICIPATE IN MULTIPLE FUNCTIONS THROUGHOUT THE YEAR.
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 |
|---|---|---|---|
Aud Bugg Vice-Preside | OfficerTrustee | $0 | |
Aaron Johnson Treasurer | OfficerTrustee | $0 | |
Alan Fredrick Secretary | OfficerTrustee | $0 | |
Timothy Davis President | OfficerTrustee | $0 | |
Keith Browning Director | Trustee | $0 | |
Dan Hermann Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,651 |
| 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 | $35,651 |
| Total Program Service Revenue | $328,246 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,188 |
| 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 | $36,604 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,016 |
| 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 | $131,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,712 |
| Insurance | $15,693 |
| All other expenses | $38,504 |
| Total functional expenses | $378,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,454 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,722 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $729,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $751,463 |
| Accounts payable and accrued expenses | $5,411 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $731,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,923 |
| Total liabilities | $748,436 |
| Net assets without donor restrictions | $3,027 |
| 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 | $751,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Lakewood Country Club Company Westlake, OH | $13,232,237 | $7,948,852 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |