LFAK501(c)(7) · MEDIUMNAICS 713910EIN 43-1340237
Lake Forest Golf And Country Club
Lake St Louis, MO · founded 1985
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.83M
▲ 16.6% YoY
FY23 Total Expenses
$2.91M
▲ 19.9% YoY
Operating Margin
-2.8%
revenue minus expenses ÷ revenue
Employees
60
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.8M
▲ 42.6% / 5y
Expenses
$2.9M
▲ 53.2% / 5y
Total Assets
$1.8M
▼ 4.0% / 5y
Total Liabilities
$1.6M
▼ 25.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.0M | $2.5M | $2.5M | $2.4M | $2.8M | +42.6% |
| Expenses | $1.9M | $2.1M | $2.1M | $2.4M | $2.9M | +53.2% |
| Net surplus | $85K | $401K | $401K | $1K | -$79K | -193.0% |
| Total assets | $1.8M | $1.7M | $1.7M | $1.8M | $1.8M | -4.0% |
| Total liabilities | $2.2M | $1.7M | $1.7M | $1.8M | $1.6M | -25.6% |
| Net assets | -$315K | $52K | $52K | $75K | $162K | -151.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 8 unpaid officers/directors as reported (BRIEN SPENSIG, DON HUTCHINSON, JAMES MCCORMICK, +5 more)
All 8 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 |
|---|---|
| DUES | $2,010,859 |
| GOLF OPERATIONS | $617,868 |
| INITIATION FEES | $222,715 |
| MISC | $21,740 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$1.1M
book value, net of depreciation
Facility age
88%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $276,675 |
| Insurance | $91,276 |
| Depreciation & depletion | $326,805 |
| Other professional fees | $141,694 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
LAKE FOREST GOLF & COUNTRY CLUB 401(K) PLAN
pension · 27 participants · $1.1M assets · FY2024
LFounded in 1985, Lake Forest Golf And Country Club reported $2.83M of revenue for FY23, at an operating margin of -2.8%. Revenue moved up 16.6% 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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