Lakeview Golf & Country Club in Chariton, Iowa (IA)

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Lakeview Golf & Country Club
Employer Identification Number (EIN)420369873
Name of OrganizationLakeview Golf & Country Club
AddressPO BOX 412, Chariton, IA 50049-0412
ActivitiesCountry club, Other recreational activities, Other social activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date02/1977
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period10/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$271,067
Amount of Income$293,013
Form 990 Revenue Amount$293,013

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $10,456
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$284,002
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$159,643
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$17,660
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$98,134
Gross sales of inventory, less returns and allowances$98,134
Less: cost of goods sold$0
Miscellaneous Revenue$8,565
Statement of Functional Expenses (for 2011)
Total functional expenses$264,853
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$104,439
Payroll taxes$20,031
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$284,470
Total liabilities$103,701
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$79,809
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$180,769
Retained earnings, endowment, accumulated income, or other funds$28,526
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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