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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

LMAK501(c)(7) · MEDIUMNAICS 713910EIN 94-0615130

Lake Merced Golf & Country Club

Daly City, CA · founded 1945

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$15.41M

▲ 59.3% YoY

FY23 Total Expenses

$14.00M

▲ 11.5% YoY

Operating Margin

9.2%

revenue minus expenses ÷ revenue

Employees

169

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$15.4M

▲ 96.7% / 5y

Expenses

$14.0M

▲ 65.7% / 5y

Total Assets

$32.0M

▲ 120.4% / 5y

Total Liabilities

$17.4M

▲ 1099.1% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.8M	$11.4M	$11.4M	$9.7M	$15.4M	+96.7%
Expenses	$8.4M	$9.5M	$9.5M	$12.6M	$14.0M	+65.7%
Net surplus	-$612K	$1.8M	$1.8M	-$2.9M	$1.4M	-330.9%
Total assets	$14.5M	$22.0M	$22.0M	$32.2M	$32.0M	+120.4%
Total liabilities	$1.5M	$6.0M	$6.0M	$19.1M	$17.4M	+1099.1%
Net assets	$13.0M	$16.0M	$16.0M	$13.1M	$14.5M	+11.4%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
NICK BAILEY General Manager· 40h/wk	$382,459	$24,197
MATTHEW DACHOWSKI Golf Course Superintendent· 40h/wk	$286,893	$15,147
PATRICK STEFFES Head Golf Professional· 40h/wk	$261,478	$13,074
KIMBERLY WILCOX Controller· 40h/wk	$166,334	$2,938
JOSHUA POKORNEY Executive Chef· 40h/wk	$150,514	$7,396
ROBERT MAZER Food & Beverage Director· 40h/wk	$138,110	$8,154

+ 9 unpaid officers/directors as reported (BILL MAZZETTI, CLIFFORD LAI, JARED POTTER, +6 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	$6,439,042
CAPITAL DUES	$2,635,034
INITIATION AND TRANSFER FEES	$2,623,000
GOLF OPERATION	$1,118,525
CLUBHOUSE RENOVATION	$625,000

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

—

end of year

Net land, buildings & equipment

$26.2M

book value, net of depreciation

Facility age

33%

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	$89,289
Occupancy	$180,803
Depreciation & depletion	$1,932,332

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.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

LAKE MERCED GOLF CLUB 401(K) PROFIT SHARING PLAN AND TRUST

pension · 25 participants · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

LFounded in 1945, Lake Merced Golf & Country Club reported $15.41M of revenue for FY23, at an operating margin of 9.2%. Revenue moved up 59.3% 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)

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