BLLU501(c)(7) · MEDIUMNAICS 713910EIN 82-0189612

Blue Lakes Country Club Inc

Twin Falls, ID · founded 1950
13 filings on recordFY 20112023medium confidence
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FY23 Total Revenue
$4.91M
▲ 15.8% YoY
FY23 Total Expenses
$4.25M
▲ 9.1% YoY
Operating Margin
13.3%
revenue minus expenses ÷ revenue
Employees
139
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$4.9M
▲ 39.5% / 5y
3.53.93.94.24.9
Expenses
$4.3M
▲ 28.4% / 5y
3.33.53.53.94.3
Total Assets
$7.1M
▲ 29.6% / 5y
5.55.95.96.67.1
Total Liabilities
$722K
▼ 6.4% / 5y
771444444877722

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$3.5M$3.9M$3.9M$4.2M$4.9M+39.5%
Expenses$3.3M$3.5M$3.5M$3.9M$4.3M+28.4%
Net surplus$201K$379K$379K$338K$651K+223.3%
Total assets$5.5M$5.9M$5.9M$6.6M$7.1M+29.6%
Total liabilities$771K$444K$444K$877K$722K-6.4%
Net assets$4.7M$5.4M$5.4M$5.8M$6.4M+35.5%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther

+ 12 unpaid officers/directors as reported (BRENT FLESHMAN, DANA MOSS, JASON GREENHALGH, +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 itemAmount
MEMBERSHIP DUES$2,367,878
GOLF COURSE$1,284,723
FOOD & BEVERAGE SALES$1,210,716

Balance sheet & capital

FY23 · IRS Form 990, Part X
Mortgages & notes payable
end of year
Net land, buildings & equipment
$3.9M
book value, net of depreciation
Facility age
60%
accumulated depreciation ÷ cost — higher = older plant

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX
Insurance$277,788
Occupancy$487,185
Depreciation & depletion$321,051
Information technology$67,878
Office expenses$73,799
Legal fees$116
Accounting fees$16,933

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

BFounded in 1950, Blue Lakes Country Club Inc reported $4.91M of revenue for FY23, at an operating margin of 13.3%. Revenue moved up 15.8% 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 Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
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IRS FORM 990
PART VII · NAMED OFFICERS
PART IX · COMPENSATION
SCHEDULE · INITIATION FEES
PUBLIC RECORD
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