LAKE501(c)(7) · MEDIUMNAICS 713910EIN 53-0245497

Lakewood Country Club

Rockville, MD · founded 1962
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$11.95M
▲ 39.4% YoY
FY23 Total Expenses
$8.63M
▲ 6.6% YoY
Operating Margin
27.8%
revenue minus expenses ÷ revenue
Employees
227
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$12.0M
▲ 32.7% / 5y
9.08.88.68.612.0
Expenses
$8.6M
▼ 9.3% / 5y
9.59.38.18.18.6
Total Assets
$17.5M
▲ 26.4% / 5y
13.912.613.713.717.5
Total Liabilities
$12.5M
▼ 2.2% / 5y
12.812.012.012.012.5

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$9.0M$8.8M$8.6M$8.6M$12.0M+32.7%
Expenses$9.5M$9.3M$8.1M$8.1M$8.6M-9.3%
Net surplus-$509K-$458K$471K$471K$3.3M-751.7%
Total assets$13.9M$12.6M$13.7M$13.7M$17.5M+26.4%
Total liabilities$12.8M$12.0M$12.0M$12.0M$12.5M-2.2%
Net assets$1.1M$615K$1.7M$1.7M$5.0M+367.6%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
ANDREA MILLER
General Manager· 50h/wk
$264,555$27,050
DAVID CRAWMER
Director of Golf· 50h/wk
$209,338$292
PHIL DESBROW
GOLF COURSE MANAGER· 50h/wk
$186,084$30,888
JOHN MCDANIEL
Director of Racquets· 50h/wk
$164,563$11,230
JOSE SEGOVIA
Food & Beverage Director· 50h/wk
$120,715$4,839
NICOLAS KEEFER
Head Golf Professional· 50h/wk
$118,726$4,021
GREGORY HARDWICK MARTIN
Head Tennis Professional· 50h/wk
$106,237$4,839
AMY STONE
FORMER CONTROLLER· 50h/wk
$103,251$3,765

+ 11 unpaid officers/directors as reported (ANN HARRINGTON, ART GREENBERG, BOB ROSECRANS, +8 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
DAVID CRAWMER
MONROVIA, MD
GOLF PROFESSIONAL$440,367

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBER DUES$6,441,070
CAPITAL ASSESSMENT$2,952,300
GOLF ACTIVITIES$1,009,859
TENNIS ACTIVITIES$641,375
INITIATION FEES$602,512

LFounded in 1962, Lakewood Country Club reported $11.95M of revenue for FY23, at an operating margin of 27.8%. Revenue moved up 39.4% 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, 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)
Form 990, FY2021 · period ending Wed Mar 31 2021 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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