Overview
What is Lake Merced Golf Club?
Lake Merced Golf Club is a nonprofit organization situated in Daly City, California. With a focus on social and recreational activities, it aims to bring its members together by sharing a common objective that fosters pleasure and relaxation. The club, recognized as an exempt social club under IRC Section 501(C)(7), organizes and operates its programs substantially for the enjoyment and leisure of its members. The club's programs are tailored to provide social and recreational benefits to its members. With a dedicated workforce of 171 individuals, Lake Merced Golf Club offers a welcoming environment for its members to unwind and engage in leisure activities.
Official website here: www.lmgc.org
Is Lake Merced Golf Club legitimate?
Lake Merced Golf Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Merced Golf Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $341,177
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,311,012
For more financial information, click here
Official website here: www.lmgc.org
What is the mission statement of Lake Merced Golf Club?
The Lake Merced Golf Club, classified as an exempt social club under IRC Section 501(C)(7), operates primarily with the objective of bringing its members together for pleasure and recreation. Its mission is centered around organizing and operating programs and activities that cater predominantly to the enjoyment and relaxation of its members. The club's activities are meticulously planned to provide its members with a variety of social and recreational benefits. The organization's mission is essentially geared towards fostering camaraderie and leisure among its members.
Official website here: www.lmgc.org
Who is the CEO of Lake Merced Golf Club?
Clifford Lai is the President of Lake Merced Golf Club.
Official website here: www.lmgc.org
What is the revenue of Lake Merced Golf Club?
Lake Merced Golf Club's revenue in 2022 was $9,676,216.
Official website here: www.lmgc.org
Who are the executives of Lake Merced Golf Club and what are their salaries?
The average compensation at Lake Merced Golf Club during 2022 was $27,206. There are 171 employees and 9 volunteers at Lake Merced Golf Club.
Here are 15 key members and their salaries:
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- Compensation: $315,718
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- Other: $25,459
- Compensation: $115,374
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- Other: $5,713
- Compensation: $314,036
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- Other: $16,502
- Compensation: $253,899
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- Other: $12,695
- Compensation: $135,539
- Related: $0
- Other: $6,777
- Compensation: $141,015
- Related: $0
- Other: $3,532
Official website here: www.lmgc.org
Where can I find the form 990 for Lake Merced Golf Club?
Lake Merced Golf Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lmgc.org
Learn more at the official website: www.lmgc.org
Mission Statement of Lake Merced Golf Club
Lake Merced Golf Club, as an exempt social club under IRC Section 501(C)(7), is primarily focused on bringing its members together through shared objectives aimed at pleasure and recreation. The organization's mission is substantially geared towards organizing and operating programs that cater to the social and recreational needs of its members. The activities of Lake Merced Golf Club are all directed towards providing its members with enjoyable experiences, thereby serving as a bonding agent within its community. The club's programs are central to its purpose, which is to ensure its members derive satisfaction and relaxation from their involvement with the club.
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Impact
October, 2024
Lake Merced Golf Club fosters a vibrant community through its focus on pleasure and recreation. The club operates various social and recreational programs designed to bring members together in a shared love for golf and camaraderie. By providing a platform for engaging activities and interactions, it enhances the social fabric of Daly City, California.
The club's mission centers around creating an environment that prioritizes the enjoyment and recreational benefits of its members. This focus not only strengthens relationships among club members but also contributes positively to the local community by promoting outdoor activity, health, and social engagement. Through organized events and consistent opportunities for recreation, Lake Merced Golf Club plays a significant role in enriching the lives of its members while fostering a sense of belonging and shared purpose.
This information is meant to be a general summary of Lake Merced Golf Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$589,339
- Program Service Revenue: $9,228,104
- Gross Receipts: $11,392,031
Assets and Liabilities:
- Total Assets: $32,240,497
- Total Liabilities: $19,119,130
- Net Assets: $13,121,367
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES & ASSESSMENTS
Revenue
$5,748,169
INITIATION AND TRANSFER FEES
Revenue
$1,472,217
CAPITAL DUES
Revenue
$1,253,204
CLUBHOUSE RENOVATION
Revenue
$415,000
GOLF OPERATION
Revenue
$339,514
Organization Details
Founding Year
1922
Phone
(650) 755-2233Principal Officer
Clifford Lai
Main Address
2300 JUNIPERO SERRA BLVD, DALY CITY, CA, 94015
Website
www.lmgc.orgIf you are a representative of Lake Merced Golf Club and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.