2025-09-09T10:43:52-05:00 2025-03-31 753148637 SCHLAUPITZ MADHAVAN PC 820 KIRTS BLVD SUITE 100 TROY MI 48084 990 2024-04-01 380741360 LAKELANDS GOLF AND COUNTRY CLUB LAKE 8102313000 8760 CHILSON ROAD BRIGHTON MI 48116 MATTTHEW HASS PRESIDENT 8102313000 2025-09-09 1 1 DAVID M KUDLA P01546972 2486491600 2024 2025-03-06 01:10:19Z JEAN ROOT 8760 CHILSON ROAD BRIGHTON MI 48116 4812920 0 X WWW.LAKELANDSGOLF.COM X 1922 MI PRIVATE GOLF AND COUNTRY CLUB OPERATING FOR THE BENEFIT OF THE MEMBERSHIP. 9 9 136 0 134243 0 0 0 2434253 2540770 0 0 1391925 1409504 3826178 3950274 0 0 0 0 2034212 1886528 0 0 0 1023493 6117629 3057705 8004157 768473 -4053883 10006763 5879559 2337467 2264146 7669296 3615413 PRIVATE GOLF AND COUNTRY CLUB OPERATING FOR THE BENEFIT OF THE MEMBERSHIP 0 0 7551490 3816031 PRIVATE GOLF AND COUNTRY CLUB 7551490 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 136 1 1 1 0 0 0 0 257798 190728 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X MATTHEW HAAS 8102313000 8760 CHILSON ROAD BRIGHTON MI 481169198 JEAN ROOT TREASURER 1.50 X X 0 0 0 ANTHONY BISSETT DIRECTOR 1.00 X 0 0 0 JENNIFER LOBBIA SECRETARY 1.50 X X 0 0 0 MATTTHEW HAAS PRESIDENT 2.00 X X 0 0 0 DEREK DOMBROWSKI DIRECTOR 1.00 X 0 0 0 TONY WRIGHT VICE PRESIDENT 1.00 X X 0 0 0 IAN WALKER DIRECTOR 1.00 X 0 0 0 TONY GELARDI DIRECTOR 1.00 X 0 0 0 FRANK DAMICO DIRECTOR 1.50 X 0 0 0 JOANNE DINSER GENERAL MANAGER 40.00 X 111103 0 0 111103 0 0 1 0 0 0 0 MEMBERSHIP DUES 1055515 1055515 MEMBERS ASSESSMENT 685657 685657 GOLF FEES 549836 549836 INTIATION FEES 82538 82538 NONMEMBER GOLF FEES 713910 51454 51454 115770 115770 2540770 2258431 862646 1395785 1312996 82789 INSURANCE PROCEEDS 6531 6531 FINANCE & HANDLING CHARGE 5712 5712 MISCELLANEOUS INCOME 965 965 511 511 13719 3950274 3816031 134243 0 111103 87547 23556 1443624 1137546 306078 148224 111297 36927 183577 150617 32960 4452 4452 11950 11950 62923 62923 15596 15596 104313 101759 2554 3285 3014 271 6185 6185 71742 71742 275859 272763 3096 57710 57710 FORM 3115 DEPRECIATION 4515138 4515138 SERVICE CHARGE EXPENSE 287266 287266 REPAIRS AND MAINTENANCE 106736 97723 9013 SEED SOD AND CHEMICALS 94272 94272 500202 461990 38212 8004157 7551490 452667 0 1033301 548731 512313 409758 240305 233265 89486 92223 9315516 4722702 8126636 4592814 4722 2768 10006763 5879559 205877 209256 122320 112459 1775513 1672421 233757 270010 2337467 2264146 X 7669296 3615413 7669296 3615413 10006763 5879559 X -4053883 0 X 1 X 0 1 0 422621 422621 3614777 725715 2889062 3780966 3104856 676110 1042261 615508 426753 454891 276623 178268 4592814 PAYROLL AND RELATED ITEMS 129639 OTHER CURRENT LIABILITIES 140371 270010 X PART X, LINE 2: THE CLUB IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS AN ORGANIZATION DESCRIBED IN THE INTERNAL REVENUE CODE (IRC) SECTION 501(C)(7) AND IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 509(A). ALTHOUGH THE CLUB WAS GRANTED AN INCOME TAX EXEMPTION BY THE IRS, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." SUCH INCOME, PURSUANT TO THE IRC AND RELATED REGULATIONS, INCLUDES INVESTMENT INCOME SUCH AS INTEREST RECEIVED FROM SOURCES OTHER THAN DIRECTLY FROM MEMBERSHIP AND INCOME ATTRIBUTABLE TO NON-MEMBER ACTIVITIES. NON-MEMBER INCOME IS OFFSET BY ALLOWABLE NON-MEMBER EXPENSES. AT MARCH 31, 2025 AND 2024, THERE WAS NO PROVISION FOR INCOME TAXES RECORDED AS EXCESS OF NON-MEMBER REVENUE OVER RELATED EXPENSES, IF ANY, WERE NOT EXPECTED TO BE SIGNIFICANT. THE CLUB ANALYZED ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS FOR ALL OPEN TAX YEARS IN THESE JURISDICTIONS. THE CLUB HAS ALSO ELECTED TO RETAIN ITS EXISTING ACCOUNTING POLICY WITH RESPECT TO THE TREATMENT OF INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND CONTINUES TO REFLECT ANY CHANGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS MANAGEMENT AND GENERAL EXPENSES. THE CLUB DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE CLUB DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT MARCH 31, 2025, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. 0 0 0 JOANNE DINSER GENERAL MANAGER 111103 0 0 0 0 0 0 0 0 0 111103 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZED WITH MEMBERS FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE A VOTING RIGHT TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS BY THE GOVERNING BODY ARE ULTIMATELY SUBJECT TO THE APPROVAL OF THE MEMBERS OF LGCC. FORM 990, PART VI, SECTION B, LINE 11B THE CLUB ACCOUNTANT AND THE TREASURER REVIEW THE TAX RETURN AND PRESENT COPIES OF THE TAX RETURN TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C WEEKLY MANAGERS' MEETING, MONTHLY COMMITTEE & BOARD MEETING, ANNUAL LEGAL REVIEW. BOARD ORIENTATION IN WHICH GUIDELINES AND COMMITTEE ROLE RESPONSIBITIES ARE DISCUSSED. FORM 990, PART VI, SECTION B, LINE 15 REVIEW BY GENERAL MANAGER AND COMMITTEE CHAIR FOLLOWED BY EXECUTIVE BOARD APPROVAL. PRESIDENT AND GENERAL MANAGER SIGN CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 ANY REQUESTS ARE PROVIDED . RULES & BY-LAWS POSTED ON WEBSITE ALONG WITH TREASURER'S REPORTS MONTHLY. AT ANNUAL MEETINGS REVIEWED FINANCIALS ARE PROVIDED. PART XI NET PROPERTY DISPOSALS AND REFUNDS TO RESIGNED MEMBERS