LYAK501(c)(7) · MEDIUMNAICS 713910EIN 59-0587130
Lakeland Yacht And Country Club Inc
Lakeland, FL · founded 1965
12 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$2.71M
▲ 23.4% YoY
FY22 Total Expenses
$2.80M
▲ 12.5% YoY
Operating Margin
-3.3%
revenue minus expenses ÷ revenue
Employees
48
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$2.7M
▲ 275.7% / 5y
Expenses
$2.8M
▲ 664.2% / 5y
Total Assets
$6.9M
▲ 29.2% / 5y
Total Liabilities
$3.7M
▲ 169.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $721K | $2.1M | $2.2M | $2.2M | $2.7M | +275.7% |
| Expenses | $366K | $2.3M | $2.5M | $2.5M | $2.8M | +664.2% |
| Net surplus | $355K | -$216K | -$293K | -$293K | -$90K | -125.4% |
| Total assets | $5.3M | $7.9M | $7.2M | $7.2M | $6.9M | +29.2% |
| Total liabilities | $1.4M | $4.1M | $4.0M | $4.0M | $3.7M | +169.9% |
| Net assets | $4.0M | $3.8M | $3.3M | $3.3M | $3.2M | -19.7% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 6 unpaid officers/directors as reported (ASHLEY LINK, BLAKE PAUL, MICHAEL EHLENBECK, +3 more)
All 6 listed officers reported $0 compensation — volunteer board.
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $1,573,025 |
| INITIATION FEES | $178,400 |
| POOL FEES | $8,881 |
| TENNIS FEES | $2,828 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$2.9M
▼ $87K paid down
Net land, buildings & equipment
$6.0M
book value, net of depreciation
Facility age
21%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $103,352 |
| Occupancy | $280,915 |
| Depreciation & depletion | $383,626 |
| Advertising & promotion | $81,561 |
| Accounting fees | $21,036 |
| Other professional fees | $11,637 |
LFounded in 1965, Lakeland Yacht And Country Club Inc reported $2.71M of revenue for FY22, at an operating margin of -3.3%. Revenue moved up 23.4% 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
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