LAKE501(c)(7) · MEDIUMNAICS 713910EIN 38-0741360
Lakelands Golf And Country Club
Brighton, MI · founded 1945
13 filings on recordFY 2012–2024medium confidence
Compare to peers →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
Expenses
$3.1M
▲ 23.8% / 5y
Total Assets
$10.0M
▲ 46.8% / 5y
Total Liabilities
$2.3M
▲ 39.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ 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 · Employee | Reportable | Other |
|---|
+ 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 item | Amount |
|---|---|
| MEMBERSHIP DUES | $973,602 |
| MEMBERS ASSESSMENT | $750,670 |
| GOLF FEES | $515,638 |
| INTIATION FEES | $55,275 |
| NONMEMBER GOLF FEES | $51,251 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$1.8M
▼ $101K paid down
Net land, buildings & equipment
$8.1M
book value, net of depreciation
Facility age
0%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $54,547 |
| Occupancy | $96,650 |
| Office expenses | $27,685 |
| Legal fees | $1,895 |
| Accounting fees | $11,200 |
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
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