LAKE501(c)(7) · MEDIUMNAICS 713910EIN 38-0741360

Lakelands Golf And Country Club

Brighton, MI · founded 1945
13 filings on recordFY 20122024medium confidence
FY24 Total Revenue
$3.83M
▲ 14.6% YoY
FY24 Total Expenses
$3.06M
▲ 6.2% YoY
Operating Margin
20.1%
revenue minus expenses ÷ revenue
Employees
136
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$3.8M
▲ 46.2% / 5y
2.63.33.33.33.8
Expenses
$3.1M
▲ 23.8% / 5y
2.52.32.32.93.1
Total Assets
$10.0M
▲ 46.8% / 5y
6.88.88.89.210.0
Total Liabilities
$2.3M
▲ 39.2% / 5y
1.72.42.42.32.3

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$2.6M$3.3M$3.3M$3.3M$3.8M+46.2%
Expenses$2.5M$2.3M$2.3M$2.9M$3.1M+23.8%
Net surplus$148K$934K$934K$461K$768K+420.6%
Total assets$6.8M$8.8M$8.8M$9.2M$10.0M+46.8%
Total liabilities$1.7M$2.4M$2.4M$2.3M$2.3M+39.2%
Net assets$5.1M$6.5M$6.5M$6.9M$7.7M+49.2%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther

+ 9 unpaid officers/directors as reported (ANTHONY BISSETT, DEREK DOMBROWSKI, FRANK DAMICO, +6 more)

All 9 listed officers reported $0 compensation — volunteer board.

Top contractors

FY24 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY24 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$973,602
MEMBERS ASSESSMENT$750,670
GOLF FEES$515,638
INTIATION FEES$55,275
NONMEMBER GOLF FEES$51,251

LFounded in 1945, Lakelands Golf And Country Club reported $3.83M of revenue for FY24, at an operating margin of 20.1%. Revenue moved up 14.6% 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, FY2024 · period ending Sun Mar 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Fri Mar 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Thu Mar 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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