LAKE501(c)(7) · MEDIUMNAICS 713910EIN 74-1170526
Lakeside Country Club
Houston, TX · founded 1957
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$18.40M
▼ 3.1% YoY
FY23 Total Expenses
$25.57M
▲ 6.3% YoY
Operating Margin
-39.0%
revenue minus expenses ÷ revenue
Employees
382
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$18.4M
▼ 23.0% / 5y
Expenses
$25.6M
▲ 92.0% / 5y
Total Assets
$82.8M
▲ 52.4% / 5y
Total Liabilities
$46.9M
▲ 87.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $23.9M | $18.9M | $18.9M | $19.0M | $18.4M | -23.0% |
| Expenses | $13.3M | $23.5M | $23.5M | $24.1M | $25.6M | +92.0% |
| Net surplus | $10.6M | -$4.6M | -$4.6M | -$5.1M | -$7.2M | -167.8% |
| Total assets | $54.3M | $69.2M | $69.2M | $71.4M | $82.8M | +52.4% |
| Total liabilities | $25.1M | $39.5M | $39.5M | $39.8M | $46.9M | +87.1% |
| Net assets | $29.3M | $29.7M | $29.7M | $31.7M | $35.9M | +22.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CW CANFIELD Director of Golf· 40h/wk | $364,885 | $20,097 |
CASEY NEWMAN GENERAL MANANGER· 40h/wk | $347,638 | $7,614 |
KENNETH MESSIMER ASST GOLF PRO· 40h/wk | $255,313 | $15,741 |
ROBERT GRAHAM Executive Chef· 40h/wk | $239,165 | $10,921 |
MARK TORREY Chief Financial Officer· 40h/wk | $228,372 | $15,956 |
OTIS SADLER Director of Racquets· 40h/wk | $197,557 | $7,439 |
PAUL SMITH FITNESS DIRECTOR· 40h/wk | $192,779 | $12,761 |
CHRISTOPHER ALEXANDER Director of Golf· 40h/wk | $177,663 | $1,305 |
+ 17 unpaid officers/directors as reported (ALAN PATTON, ANDREW SMITH, BRET ALDRIDGE, +14 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 |
|---|---|
| MEMBER DUES & ASSESSMENTS | $10,379,526 |
| TENNIS & POOL REVENUES | $1,211,125 |
| GOLF REVENUES | $490,106 |
| LOCKER RENTALS | $360,135 |
| CART & GUEST FEES | $65,190 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$30.2M
▼ $740K paid down
Net land, buildings & equipment
$72.7M
book value, net of depreciation
Facility age
28%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $614,392 |
| Occupancy | $1,520,287 |
| Depreciation & depletion | $3,647,344 |
| Advertising & promotion | $33,787 |
| Office expenses | $305,002 |
| Legal fees | $23,210 |
| Accounting fees | $63,000 |
| Other professional fees | $1,076,582 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
LAKESIDE COUNTRY CLUB WELFARE BENEFITS PLAN
welfare · 197 participants · FY2025
LAKESIDE COUNTRY CLUB PENSION PLAN
pension · 0 participants · FY2024
LAKESIDE COUNTRY CLUB WELFARE BENEFITS PLAN
welfare · 190 participants · FY2024
LAKESIDE COUNTRY CLUB 401(K) PLAN
pension · 195 participants · FY2024
| Service provider | Paid |
|---|---|
| Stancorp Financial Group | $38,425 |
| Assuredpartners Investment Advisors | $18,279 |
LFounded in 1957, Lakeside Country Club reported $18.40M of revenue for FY23, at an operating margin of -39.0%. Revenue moved down 3.1% 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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