LEXI501(c)(7) · MEDIUMNAICS 713910EIN 54-1193752
Lexington Golf & Country Club
Lexington, VA · founded 1985
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.29M
▲ 34.9% YoY
FY23 Total Expenses
$2.04M
▲ 18.2% YoY
Operating Margin
10.9%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.3M
▲ 71.1% / 5y
Expenses
$2.0M
▲ 33.4% / 5y
Total Assets
$2.1M
▲ 21.2% / 5y
Total Liabilities
$1.9M
▲ 50.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.3M | $1.6M | $1.6M | $1.7M | $2.3M | +71.1% |
| Expenses | $1.5M | $1.7M | $1.7M | $1.7M | $2.0M | +33.4% |
| Net surplus | -$192K | -$96K | -$96K | -$29K | $250K | -230.1% |
| Total assets | $1.8M | $1.8M | $1.8M | $1.7M | $2.1M | +21.2% |
| Total liabilities | $1.3M | $1.7M | $1.7M | $1.8M | $1.9M | +50.9% |
| Net assets | $474K | $143K | $143K | -$36K | $191K | -59.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 12 unpaid officers/directors as reported (BOBBY HOBBS, CHRIS RUSSELL, CHRISTY HARRIS, +9 more)
All 12 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 |
|---|---|
| COURSE MAINTENANCE FEES | $752,926 |
| 18-HOLE WEEKDAY | $69,881 |
| 18 HOLE CARS | $66,552 |
| 18-HOLE WEEKEND | $49,995 |
| ANNUAL CART FEE | $46,219 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$936K
▼ $51K paid down
Net land, buildings & equipment
$1.5M
book value, net of depreciation
Facility age
79%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $93,432 |
| Insurance | $37,346 |
| Occupancy | $130,484 |
| Depreciation & depletion | $146,798 |
| Advertising & promotion | $8,830 |
| Office expenses | $2,006 |
| Legal fees | $663 |
| Other professional fees | $11,607 |
LFounded in 1985, Lexington Golf & Country Club reported $2.29M of revenue for FY23, at an operating margin of 10.9%. Revenue moved up 34.9% 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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