LEXI501(c)(7) · MEDIUMNAICS 713910EIN 57-0478538
Country Club Of Lexington
Lexington, SC · founded 1970
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.35M
▲ 1.7% YoY
FY23 Total Expenses
$3.41M
▲ 9.3% YoY
Operating Margin
-1.8%
revenue minus expenses ÷ revenue
Employees
91
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.4M
▲ 30.0% / 5y
Expenses
$3.4M
▲ 35.4% / 5y
Total Assets
$4.1M
▲ 39.8% / 5y
Total Liabilities
$2.8M
▲ 33.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.6M | $2.6M | $3.0M | $3.3M | $3.4M | +30.0% |
| Expenses | $2.5M | $2.5M | $2.6M | $3.1M | $3.4M | +35.4% |
| Net surplus | $58K | $58K | $355K | $173K | -$61K | -205.8% |
| Total assets | $2.9M | $2.9M | $3.4M | $3.8M | $4.1M | +39.8% |
| Total liabilities | $2.1M | $2.1M | $2.2M | $2.4M | $2.8M | +33.3% |
| Net assets | $834K | $834K | $1.2M | $1.4M | $1.3M | +55.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (Brad Alewine, Jim Joye, Justin Lyles, +6 more)
All 9 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 |
|---|---|
| Member Dues | $2,358,850 |
| Cart Rentals | $298,821 |
| Greens Fees | $159,736 |
| Other Member Fees | $34,849 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.4M
▼ $41K paid down
Net land, buildings & equipment
$2.4M
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $40,420 |
| Occupancy | $0 |
| Depreciation & depletion | $196,098 |
| Information technology | $0 |
| Advertising & promotion | $20,348 |
| Office expenses | $2,594 |
| Legal fees | $5,435 |
| Accounting fees | $55,754 |
| Other professional fees | $0 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
THE COUNTRY CLUB OF LEXINGTON 401(K) PLAN
pension · 47 participants · $182K assets · FY2024
CFounded in 1970, Country Club Of Lexington reported $3.35M of revenue for FY23, at an operating margin of -1.8%. Revenue moved up 1.7% 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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