Lake Charles Country Club
- Assets
- $8.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 203
- Location
- Lake Charles, LA
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 72-0389228
Organization Overview
Lake Charles Country Club is located in Lake Charles, LA. The organization was established in 1965. 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 12/2021, Lake Charles Country Club employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Charles 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 12/2021, Lake Charles Country Club generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A GOLF COURSE AND PRO SHOP, TENNIS COURTS, SWIMMING POOL, MARINA, RESTAURANT AND BANQUET FACILITY FOR THE PLEASURE AND ENJOYMENT OF THE MEMBERS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES PROVIDE CLUB FACILITIES FOR ITS MEMBERS WHICH INCLUDE GOLF COURSE, TENNIS COURTS, SWIMMING POOL, MARINA, RESTAURANT, PRO SHOP AND CART AND STALL RENTALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Blair Treasurer | OfficerTrustee | 0 | $0 |
Mark Lundy President | OfficerTrustee | 0 | $0 |
Mike Bradford Vice President | OfficerTrustee | 0 | $0 |
Pete Ciesla Member | Trustee | 0 | $0 |
Willie Mount Member | Trustee | 0 | $0 |
John Moffett Member | Trustee | 0 | $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 | $2,389,055 |
| Investment income | $103 |
| 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 | $388,117 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,944,909 |
| 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 | $1,216,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,974 |
| Payroll taxes | $109,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,956 |
| 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 | $6,378 |
| Advertising and promotion | $45,436 |
| Office expenses | $29,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,479 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,075 |
| Insurance | $158,615 |
| All other expenses | $204,309 |
| Total functional expenses | $3,028,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,566,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $119,842 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,139,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,402 |
| Total assets | $8,118,055 |
| Accounts payable and accrued expenses | $307,905 |
| Grants payable | $0 |
| Deferred revenue | $2,870,883 |
| 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 | $2,434,354 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,613,142 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,016,440 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,264,237 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,775,764 |
| Total liabilities and net assets/fund balances | $8,118,055 |
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|---|---|---|
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Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
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Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Bent Tree Country Club Inc Dallas, TX | $52,898,770 | $18,703,072 |
San Antonio Bowl Association Inc San Antonio, TX | $23,366,634 | $15,285,082 |
Bowling Proprietors Association Of America Inc Arlington, TX | $23,082,341 | $10,209,119 |
Preston Trail Golf Club Dallas, TX | $17,630,867 | $8,836,568 |
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