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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

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

Lakeside Golf Club Of Hollywood

Burbank, CA · founded 1930

13 filings on recordFY 2011–2023medium confidence

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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

Expenses

$12.0M

▲ 15.3% / 5y

Total Assets

$21.2M

▲ 20.6% / 5y

Total Liabilities

$3.3M

▼ 5.7% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ 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 · Employee	Reportable	Other
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 item	Amount
MEMBERSHIP DUES	$9,460,339
TRANSFER FEES	$1,257,000
GREEN FEES	$950,976
CAPITAL FUNDING FEES	$861,961
GOLF CART RENTAL	$418,508

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$132K

▼ $687K paid down

Net land, buildings & equipment

$13.1M

book value, net of depreciation

Facility age

58%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

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

Management fees	$0
Insurance	$308,650
Occupancy	$0
Depreciation & depletion	$1,768,224
Information technology	$0
Advertising & promotion	$0
Office expenses	$0
Legal fees	$0
Accounting fees	$0
Other professional fees	$0

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

THE LAKESIDE GOLF CLUB 401(K) RETIREMENT SAVINGS PLAN

pension · 116 participants · $4.1M assets · 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 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)

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