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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

LAKE501(c)(7) · MEDIUMNAICS 713910EIN 31-1266644

Lakes Golf & Country Club Inc

Westerville, OH · founded 1991

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$9.85M

▲ 6.0% YoY

FY23 Total Expenses

$9.11M

▲ 7.7% YoY

Operating Margin

7.5%

revenue minus expenses ÷ revenue

Employees

358

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$9.8M

▲ 28.6% / 5y

Expenses

$9.1M

▲ 26.0% / 5y

Total Assets

$13.9M

▲ 34.3% / 5y

Total Liabilities

$1.4M

▲ 18.4% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.7M	$7.2M	$8.4M	$9.3M	$9.8M	+28.6%
Expenses	$7.2M	$6.3M	$7.3M	$8.5M	$9.1M	+26.0%
Net surplus	$428K	$894K	$1.1M	$830K	$736K	+72.1%
Total assets	$10.4M	$11.2M	$12.4M	$13.7M	$13.9M	+34.3%
Total liabilities	$1.2M	$1.2M	$1.3M	$1.8M	$1.4M	+18.4%
Net assets	$9.2M	$10.0M	$11.1M	$11.9M	$12.5M	+36.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
JAMES P SPRAGG CHIEF OPERATIONS OFFICER· 50h/wk	$288,764	$11,137
CHRISTOPHER HAUNTY Golf Course Superintendent· 50h/wk	$156,180	$26,573
EDWARD KLINE Head Golf Professional· 40h/wk	$120,360	$22,754
DAVID CLARK FINANCIAL MANAGER· 40h/wk	$105,104	$4,204
ALISON TRIMBLE ASST GEN MGR/FOOD & BEV DIRECTOR· 40h/wk	$101,085	$8,226
TOD J ORTLIP Board Member· 5h/wk	$1,325	—

+ 2 unpaid officers/directors as reported (BETSY ORTLIP, LEIGH ALLEN)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
GOLF OPERATIONS	$1,195,986
FOOD & BEVERAGE OPS	$668,194
ATHLETIC CENTER OPS	$141,739
POOL & RACQUET SPORTS	$131,015
MEMBER FINANCE CHARGES	$29,335

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

-$27K

▼ $2K paid down

Net land, buildings & equipment

$9.3M

book value, net of depreciation

Facility age

56%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$100,727
Occupancy	$1,303,303
Depreciation & depletion	$714,536
Advertising & promotion	$338,415
Office expenses	$91,954
Legal fees	$807

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

THE LAKES GOLF AND COUNTRY CLUB 401(K) & PROFIT SHARING PLAN

pension · 61 participants · $6.6M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

LFounded in 1991, Lakes Golf & Country Club Inc reported $9.85M of revenue for FY23, at an operating margin of 7.5%. Revenue moved up 6.0% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.

Source documents

▸ Form 990, FY2023 · period ending Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Sun Oct 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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