2026-09-14T12:32:05-05:00 2025-10-31 950858589 HUTCHINSON AND BLOODGOOD LLP 500 N BRAND BLVD SUITE 800 GLENDALE CA 91203 990 2024-11-01 950919720 LAKESIDE GOLF CLUB LAKE 8189840601 PO BOX 2386 TOLUCA LAKE CA 91610 PHIL LOPEZ COO\GM 8189840601 2026-09-14 1 0 MARK J HENNELLY P00982999 8186375000 2024 PO BOX 2386 TOLUCA LAKE CA 91610 22467270 0 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 12 182 0 420315 177805 0 0 14651834 16075003 215059 79770 -806976 -999658 14059917 15155115 0 0 0 0 6203189 6533851 0 0 0 7777195 7815344 13980384 14349195 79533 805920 21161028 22648078 3131264 3787624 18029764 18860454 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. 0 0 PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF THE CLUB MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 182 1 1 1 0 0 0 1 1 1136479 341890 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X ISABEL CRUZ 8189840601 4500 LAKESIDE DR BURBANK CA 91505 PETER BARSOCCHINI PRESIDENT 2.00 X X 0 0 0 BRIAN DANELIAN VICE PRESIDENT 2.00 X X 0 0 0 CRAIG STRONG SECRETARY 2.00 X X 0 0 0 ROBERT WALSTON TREASURER 2.00 X X 0 0 0 RICH ATLAS DIRECTOR 2.00 X 0 0 0 CHRIS AUGUSTINE DIRECTOR 2.00 X 0 0 0 JOHN M GATTI DIRECTOR 2.00 X 0 0 0 DAVID GROSSMAN DIRECTOR 2.00 X 0 0 0 DAVID MCGUIRE DIRECTOR 2.00 X 0 0 0 TORRY SCUTICCHIO DIRECTOR 2.00 X 0 0 0 STEPHEN STROMSBORG DIRECTOR 2.00 X 0 0 0 SEAN WOLLASTON DIRECTOR 2.00 X 0 0 0 ROBERT HERTZING CHIEF OPERATING OFFICER/GM 40.00 X 487504 0 11591 ISABEL CRUZ CONTROLLER 40.00 X 160142 0 4063 DANIEL ADAM CINCIS CHEF 40.00 X 207315 0 5445 KEVIN BAILEY HEAD PROFESSIONAL 40.00 X 214783 0 4236 JOHN SEITZ CLUBHOUSE MANAGER 40.00 X 214224 0 12515 MICHAEL MAGNANI SUPERINTENDENT 40.00 X 247890 0 8516 1531858 0 46366 6 0 1 0 0 MEMBERSHIP DUES 713910 11164476 11164476 CAPITAL FUNDING FEES 713910 1543689 1543689 TRANSFER FEES 713910 1136479 1136479 GREEN FEES 713910 1016435 850335 166100 GOLF CART RENTAL 713910 534290 485975 48315 679634 679634 16075003 206020 206020 126250 -126250 -126250 -126250 6186247 7185905 -999658 -999538 -120 15155115 14734800 420315 0 X 499095 4644578 61280 888170 440728 10536 37988 2082262 372552 SUPPLIES 1229961 UTILITIES 977985 A&G OPERATING EXPENSE 897391 F&B OPERATING EXPENSE 445164 1761505 14349195 992464 1375796 5300803 7306785 973495 1017577 451100 517263 459683 497190 33397851 21590115 12764377 11807736 219106 125731 21161028 22648078 1441369 1868256 65395 68502 1624500 1850866 3131264 3787624 X 18029764 18860454 18029764 18860454 21161028 22648078 X 805920 26352 -1582 X 0 1 X 1 0 366954 366954 9572695 6020984 3551711 10141060 7213379 2927681 13317142 8355752 4961390 11807736 MEMBER DEPOSITS 931815 ROU OPERATING AND FINANCE LEASES 919051 1850866 X 22409062 26352 7312155 7338507 15070555 84560 84560 15155115 21578372 7313737 7313737 14264635 84560 84560 14349195 PART X, LINE 2: 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, 2025, THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF OCTOBER 31, 2025, THE CLUB'S 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 ADJUSTMENTS: COST OF GOODS SOLD 7,185,905. LOSS ON DISPOSAL 126,250. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME/EXPENSE-NET 74,024. CITIZENS INVESTMENT FEES 10,536. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUEL CREDIT 1,582. COST OF GOODS SOLD 7,185,905. LOSS ON DISPOSAL 126,250. PART XII, LINE 4B - OTHER ADJUSTMENTS: INCOME/EXPENSE-NET 74,024. CITIZENS INVESTMENT FEES 10,536. X X X 0 0 0 ROBERT HERTZING CHIEF OPERATING OFFICER/GM 487504 0 0 0 0 0 6600 0 4991 0 499095 0 0 0 MICHAEL MAGNANI SUPERINTENDENT 247890 0 0 0 0 0 5028 0 3488 0 256406 0 0 0 JOHN SEITZ CLUBHOUSE MANAGER 214224 0 0 0 0 0 4289 0 8226 0 226739 0 0 0 KEVIN BAILEY HEAD PROFESSIONAL 214783 0 0 0 0 0 4236 0 0 0 219019 0 0 0 DANIEL ADAM CINCIS CHEF 207315 0 0 0 0 0 4172 0 1273 0 212760 0 0 0 ISABEL CRUZ CONTROLLER 160142 0 0 0 0 0 2709 0 1354 0 164205 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE LAKESIDE COUNTRY CLUB HAS EQUITY VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - 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 A, LINE 7B LINE 7B EXPLANATION - AS PROVIDED BY THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - 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 15 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 GOLF COURSE OPERATING EXPENSE 370,110. SECURITY 361,832. REPAIRS & MAINTENANCE 334,600. ENTERTAINMENT 208,400. PROPERTY TAXES 174,430. LOCKER ROOM OPERATING EXPENSE 125,642. MISCELLANEOUS EXPENSE 74,024. INCOME TAXES 42,867. PRINTING & STATIONARY 42,657. PRO SHOP OPERATING EXPENSE 28,525. FUEL TAX CREDIT -1,582. FORM 990, PART XI, LINE 9: FUEL TAX CREDIT -1,582.