2024-08-27T16:40:53-07:00 2023-10-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14th Floor GLENDALE CA 91203 990 2022-11-01 950919720 LAKESIDE GOLF CLUB LAKE 8189840601 PO BOX 2386 TOLUCA LAKE CA 91610 ROBERT HERTZING COO\GM 2024-08-27 true true MARK J HENNELLY P00982999 8186375000 2022 2024-08-08 14:25:15Z PO BOX 2386 TOLUCA LAKE CA 91610 19557357 false X www.lakesidegolfclub.com X 1924 CA A NONPROFIT ORGANIZATION OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF THE CLUB MEMBERS. THE PRIMARY ACTIVITIES INCLUDE OPERATING AND MAINTAINING A GOLFCOURSE AND CLUBHOUSE. 12 12 185 533908 89329 0 12119368 13883844 909 136477 -546063 -531984 11574214 13488337 0 0 5312190 5194353 0 0 6150120 6809201 11462310 12003554 111904 1484783 19368711 21212540 2919857 3258068 16448854 17954472 A NONPROFIT ORGANIZATION OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF THE CLUB MEMBERS. THE PRIMARY ACTIVITIES INCLUDE OPERATING AND MAINTAINING A GOLFCOURSE AND CLUBHOUSE. false false PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF THE CLUB MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 37 0 true 185 true true true false false false true true 1257000 987154 false false false X 12 12 false false false false true true true true true false false true true true true false false true true false X ISABEL CRUZ 8189840601 4500 LAKESIDE DR BURBANK CA 91505 X ROBERT HERTZING CHIEF OPERATING OFFICER/GM 40.00 0.00 434560 0 10446 Michael Magnani SUPERINTENDENT 40.00 0.00 221228 0 7289 DANIEL ADAM CINCIS CHEF 40.00 0.00 189851 0 4933 KEVIN BAILEY HEAD PROFESSIONAL 40.00 0.00 187058 0 4006 LEOPOLD KRENN Director of Op 40.00 0.00 154698 0 4325 ISABEL CRUZ CONTROLLER 40.00 0.00 149722 0 3797 KRIS COONTZ President 2.00 0.00 X X 0 0 0 RYAN RANSDELL Vice President 2.00 0.00 X X 0 0 0 THOMAS MORRIS Secretary 2.00 0.00 X X 0 0 0 REGGIE MCDOWELL Treasurer 2.00 0.00 X X 0 0 0 RICHARD AYOOB Director 2.00 0.00 X 0 0 0 PETER BARSOCCHINI Director 2.00 0.00 X 0 0 0 JOHN M GATTI Director 2.00 0.00 X 0 0 0 ROGER HABER Director 2.00 0.00 X 0 0 0 MATT HEYN Director 2.00 0.00 X 0 0 0 BRIAN JACKSON Director 2.00 0.00 X 0 0 0 CRAIG STRONG Director 2.00 0.00 X 0 0 0 ROBERT WALSTON Director 2.00 0.00 X 0 0 0 1337117 34796 6 false true false 0 0 CAPITAL FUNDING FEES 861961 861961 GOLF CART RENTAL 713910 418508 386088 32420 GREEN FEES 713910 950976 658843 292133 MEMBERSHIP DUES 9460339 9460339 TRANSFER FEES 1257000 1257000 935060 786557 148503 13883844 136477 136477 0 0 0 0 0 0 5537036 6069020 -531984 -456359 -75625 0 13488337 12954429 533908 X 0 0 0 0 445006 0 3546016 50989 794263 358079 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43075 0 1768224 308650 SUPPLIES 1214167 UTILITIES 884639 A&G OPERATING EXPENSE 713695 F&B OPERATING EXPENSE 395984 1480767 12003554 0 0 0 1324769 1308635 3485212 4390532 0 832861 1128922 0 0 0 517242 495235 335472 430776 31203988 18054644 12873155 13149344 0 0 0 0 309096 19368711 21212540 1477100 1733646 105009 72798 818708 131501 519040 1320123 2919857 3258068 X 16448854 17954472 16448854 17954472 19368711 21212540 X 1484783 22261 -1426 X false true X true false 366954 366954 9292855 5307858 3984997 8856483 5499876 3356607 12687696 7246910 5440786 13149344 MEMBER DEPOSITS 495040 ROU OPERATING AND FINANCE LEASES 825083 1320123 X 20354792 6866455 6866455 13488337 13488337 18871435 6867881 6867881 12003554 12003554 Part X : FIN48 Footnote The Club has been granted exemption from Federal and California income taxes under Internal Revenue Code Section 501(c)(7) and related California code section. However, the Tax Reform Act of 1969 provides for taxes on what is termed "unrelated business income." This is generally defined to include interest income, rental income, and income from nonmember sources such as food and beverage sales. As of October 31, 2023, the Club had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. As of October 31, 2023, the Clubs annual tax filings for the prior three and four years are open for audit by federal and state tax agencies, respectively. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF GOODS SOLD $6069019 EMPLOYEE RETENTION CREDIT $797436 Part XII, Line 2d: Other expenses and losses per audited F/S FUEL CREDIT $1426 COST OF GOODS SOLD $6069019 EMPLOYEE RETENTION CREDIT $797436 X X X false false false DANIEL ADAM CINCIS CHEF 178193 11658 3950 983 194784 ISABEL CRUZ CONTROLLER 143702 6020 2920 877 153519 KEVIN BAILEY HEAD PROFESSIONAL 170258 16800 4006 191064 LEOPOLD KRENN Director of Op 149398 5300 1058 3267 159023 Michael Magnani SUPERINTENDENT 216155 5073 4520 2769 228517 ROBERT HERTZING CHIEF OPERATING OFFICER/GM 414175 20385 6600 3846 445006 Form 990, Part VI, Section A, Line 6 THE LAKESIDE COUNTRY CLUB HAS EQUITY VOTING MEMBERS. Form 990, Part VI, Section A, Line 7a THE LAKESIDE GOLF CLUB MEMBERS VOTE FOR MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY. BOARD OF DIRECTORS SERVE A 3-YEAR TERM. Form 990, Part VI, Section B, Line 11b CONTROLLER REVIEWS AND RECONCILES TO FINANCIAL STATEMENTS, SIGNED BY THE CHIEF OPERATING OFFICER AND AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. Form 990, Part VI, Section B, Line 12c THE CLUB'S PROCEDURE IS TO AVOID MEMBER RELATED TRANSACTIONS. ANY SUCH TRANSACTIONS THAT MAY PRESENT THEMSELVES ARE REVIEWED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 15a COMPENSATION OF KEY EMPLOYEES IS DOCUMENTED IN WRITTEN EMPLOYMENT CONTRACTS WHICH ARE REVIEWED BY IN-HOUSE LEGAL COUNSEL. THE COMPENSATION LEVEL IS DETEMINED BY COMPENSATION SURVEYS AND THEN APPROVED BY THE PRESIDENT. Form 990, Part VI, Section C, Line 19 NOT AVAILABLE TO THE PUBLIC. Form 990, Part IX, Line 24e CITIZENS TRUST BANK FEES: Column (A) - Total = $4911; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e ENTERTAINMENT: Column (A) - Total = $200598; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e FUEL TAX CREDIT: Column (A) - Total = $-1426; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e GOLF COURSE OPERATING EXPENSE: Column (A) - Total = $291040; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e INCOME TAXES: Column (A) - Total = $18556; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e LOCKER ROOM OPERATING EXPENSE: Column (A) - Total = $96614; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e MISCELLANEOUS EXPENSE: Column (A) - Total = $55583; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Postage and Shipping: Column (A) - Total = $3868; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Printing and Publications: Column (A) - Total = $21520; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PRO SHOP OPERATING EXPENSE: Column (A) - Total = $38655; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PROPERTY TAXES: Column (A) - Total = $156000; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e REPAIRS & MAINTENANCE: Column (A) - Total = $280496; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SECURITY: Column (A) - Total = $314352; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part XI, Line 9 FUEL CREDIT = -$1426