LEXI501(c)(7) · MEDIUMNAICS 713910EIN 47-0424465
Lexington Golf Club Inc
Elwood, NE · founded 1956
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$688k
▲ 5.1% YoY
FY23 Total Expenses
$549k
▼ 5.2% YoY
Operating Margin
20.2%
revenue minus expenses ÷ revenue
Employees
32
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$688K
▲ 32.4% / 5y
Expenses
$549K
▲ 13.8% / 5y
Total Assets
$696K
▲ 75.2% / 5y
Total Liabilities
$151K
▼ 28.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $520K | $499K | $655K | $655K | $688K | +32.4% |
| Expenses | $482K | $468K | $579K | $579K | $549K | +13.8% |
| Net surplus | $37K | $31K | $76K | $76K | $139K | +274.0% |
| Total assets | $397K | $390K | $562K | $562K | $696K | +75.2% |
| Total liabilities | $211K | $173K | $156K | $156K | $151K | -28.4% |
| Net assets | $186K | $217K | $406K | $406K | $545K | +193.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
KAREN FINKEN CLUBHOUSE MA· 40h/wk | $24,783 | — |
+ 7 unpaid officers/directors as reported (DAN FINKEN, DAVE MELLIGER, DUSTIN CLOUSE, +4 more)
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 |
|---|---|
| MEMBERSHIP DUES | $223,402 |
| TOURNAMENTS | $87,627 |
| CART RENTAL/STORAGE | $37,514 |
| MISCELLANEOUS PROGRAM REVENUE | $29,249 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$284K
book value, net of depreciation
Facility age
79%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $27,765 |
| Occupancy | $33,981 |
| Depreciation & depletion | $46,301 |
| Advertising & promotion | $7,938 |
| Office expenses | $2,083 |
| Accounting fees | $9,299 |
LFounded in 1956, Lexington Golf Club Inc reported $688k of revenue for FY23, at an operating margin of 20.2%. Revenue moved up 5.1% 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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