LZAK501(c)(7) · CONFIRMEDNAICS 713910EIN 36-1358524
Lake Zurich Golf Club
Lake Zurich, IL · founded 1999
13 filings on recordFY 2011–2023high confidence
Compare to peers →FY23 Total Revenue
$302k
▲ 8.9% YoY
FY23 Total Expenses
$319k
▲ 12.8% YoY
Operating Margin
-5.4%
revenue minus expenses ÷ revenue
Employees
1
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$302K
▲ 23.0% / 5y
Expenses
$319K
▲ 28.3% / 5y
Total Assets
$478K
▼ 19.9% / 5y
Total Liabilities
$124K
▼ 38.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $246K | $246K | $249K | $277K | $302K | +23.0% |
| Expenses | $248K | $248K | $270K | $282K | $319K | +28.3% |
| Net surplus | -$3K | -$3K | -$22K | -$5K | -$16K | +525.8% |
| Total assets | $597K | $597K | $547K | $511K | $478K | -19.9% |
| Total liabilities | $200K | $200K | $171K | $140K | $124K | -38.0% |
| Net assets | $397K | $397K | $376K | $371K | $354K | -10.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 12 unpaid officers/directors as reported (David Hall, Geoffrey W Michelin, James Pajakowski, +9 more)
All 12 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| Memberships Dues Assessments | $301,392 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$398K
book value, net of depreciation
Facility age
68%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $21,443 |
| Occupancy | $125,463 |
| Depreciation & depletion | $39,124 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $157 |
| Legal fees | $0 |
| Accounting fees | $1,500 |
| Other professional fees | $0 |
LFounded in 1999, Lake Zurich Golf Club reported $302k of revenue for FY23, at an operating margin of -5.4%. Revenue moved up 8.9% 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
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