LHAK501(c)(7) · MEDIUMNAICS 713910EIN 95-0919720

Lakeside Golf Club Of Hollywood

Burbank, CA · founded 1930
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$13.49M
▲ 16.5% YoY
FY23 Total Expenses
$12.00M
▲ 4.7% YoY
Operating Margin
11.0%
revenue minus expenses ÷ revenue
Employees
185
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$13.5M
▲ 27.4% / 5y
10.69.911.611.613.5
Expenses
$12.0M
▲ 15.3% / 5y
10.49.49.911.512.0
Total Assets
$21.2M
▲ 20.6% / 5y
17.618.119.619.421.2
Total Liabilities
$3.3M
▼ 5.7% / 5y
3.53.43.32.93.3

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$10.6M$9.9M$11.6M$11.6M$13.5M+27.4%
Expenses$10.4M$9.4M$9.9M$11.5M$12.0M+15.3%
Net surplus$174K$538K$1.7M$112K$1.5M+752.5%
Total assets$17.6M$18.1M$19.6M$19.4M$21.2M+20.6%
Total liabilities$3.5M$3.4M$3.3M$2.9M$3.3M-5.7%
Net assets$14.1M$14.7M$16.3M$16.4M$18.0M+27.0%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
ROBERT HERTZING
CHIEF OPERATING OFFICER/GM· 40h/wk
$434,560$10,446
Michael Magnani
Golf Course Superintendent· 40h/wk
$221,228$7,289
DANIEL ADAM CINCIS
Executive Chef· 40h/wk
$189,851$4,933
KEVIN BAILEY
Head Golf Professional· 40h/wk
$187,058$4,006
LEOPOLD KRENN
Director of Op· 40h/wk
$154,698$4,325
ISABEL CRUZ
Controller· 40h/wk
$149,722$3,797

+ 12 unpaid officers/directors as reported (BRIAN JACKSON, CRAIG STRONG, JOHN M GATTI, +9 more)

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$9,460,339
TRANSFER FEES$1,257,000
GREEN FEES$950,976
CAPITAL FUNDING FEES$861,961
GOLF CART RENTAL$418,508

LFounded in 1930, Lakeside Golf Club Of Hollywood reported $13.49M of revenue for FY23, at an operating margin of 11.0%. Revenue moved up 16.5% 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 Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Sun Oct 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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