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Lakeland Yacht And Country Club Inc

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are not tax deductible.

Details

According to its Sept. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.
Reported a significant diversion of assets
Organizations must report any significant unauthorized use of assets upon discovery. A diversion of assets is significant if it exceeds 5% of the organization's gross receipts or assets or $250,000, whichever is lower. Details must be reported on Schedule O.

Summary charts: organization finances over time

Revenue
$3.19M (2023)

Expenses
$3.04M (2023)

Total Assets
$6.63M (2023)

Total Liabilities
$3.29M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,193,386
Expenses
$3,035,685
Net Income
$157,701
Net Assets
$3,337,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,556,663
80.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $636,723
19.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,246,528
41.1%
Assets/Debt
Total Assets $6,629,148
Total Liabilities $3,291,883
Net Assets $3,337,265
Club or Co-Op Income
Initiation Fees & Contributions $489,697
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
Blake Paul (Chair) $0 $0 $0
Michael Ehlenbeck (Vice Chair) $0 $0 $0
Tricia Bushn (Treasurer) $0 $0 $0
Robert Hudson (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,709,675
Expenses
$2,799,651
Net Income
-$89,976
Net Assets
$3,179,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,149,221
79.3%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $556,989
20.6%
Other Revenue $3,455
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,186,986
42.4%
Assets/Debt
Total Assets $6,890,624
Total Liabilities $3,711,060
Net Assets $3,179,564
Club or Co-Op Income
Initiation Fees & Contributions $564,488
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ashley Link (Chair) $0 $0 $0
Blake Paul (Vice Chair) $0 $0 $0
Tricia Bushn (Treasurer) $0 $0 $0
Michael Ehlenbeck (Secretary) $0 $0 $0
Robert Hudson (Parliamentarian) $0 $0 $0
Tiffany Kilpatrick (Past Chair) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,196,472
Expenses
$2,489,119
Net Income
-$292,647
Net Assets
$3,269,367
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,709,469
77.8%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $453,664
20.7%
Other Revenue $33,326
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $934,151
37.5%
Assets/Debt
Total Assets $7,233,321
Total Liabilities $3,963,954
Net Assets $3,269,367
Club or Co-Op Income
Initiation Fees & Contributions $377,275
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tiffany Osler Kilpatrick (Chair) $0 $0 $0
Ashley Link (Vice Chair) $0 $0 $0
Tricia Bushn (Treasurer) $0 $0 $0
Robert Hudson (Secretary) $0 $0 $0
Mark Clements (Director) $0 $0 $0
Jennifer Kincart Jonsson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,051,722
Expenses
$2,332,223
Net Income
-$280,501
Net Assets
$3,562,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,594,631
77.7%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $435,264
21.2%
Other Revenue $21,821
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $997,071
42.8%
Assets/Debt
Total Assets $7,403,050
Total Liabilities $3,841,036
Net Assets $3,562,014
Club or Co-Op Income
Initiation Fees & Contributions $203,129
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tiffany Osler Kilpatrick (Director) $0 $0 $0
Jennifer Jonsson (Secretary) $0 $0 $0
Jason Heacock (Chair) $0 $0 $0
Kimberly Ruthven (Vice President) $0 $0 $0
Tricia Bushn (Treasurer) $0 $0 $0
Linde Widick (Director) $0 $0 $0
Alice Hunt (Director) $0 $0 $0
Brock Self (Director) $0 $0 $0
Scott Franklin (Director) $0 $0 $0
Jim Ham (Director) $0 $0 $0
Ashley Link (Director) $0 $0 $0
Mark Clements (Director) $0 $0 $0
Keith Albritton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,064,553
Expenses
$2,280,608
Net Income
-$216,055
Net Assets
$3,842,515
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,723,590
83.5%
Investment Income $200
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $325,452
15.8%
Other Revenue $15,311
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $966,690
42.4%
Assets/Debt
Total Assets $7,928,115
Total Liabilities $4,085,600
Net Assets $3,842,515
Club or Co-Op Income
Initiation Fees & Contributions $628,784
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$721,207
Expenses
$366,327
Net Income
$354,880
Net Assets
$3,959,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $730,511
> 100%
Investment Income $736
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$10,400
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $360
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $64,375
17.6%
Assets/Debt
Total Assets $5,334,485
Total Liabilities $1,375,114
Net Assets $3,959,371
Club or Co-Op Income
Initiation Fees & Contributions $134,250
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Tiffany Osler (Director) $0 $0 $0
Jennifer Jonsson (Director) $0 $0 $0
Ron Clark (Chair) $0 $0 $0
Dean Boring (Co Chair) $0 $0 $0
Kimberly Ruthven (Secretary) $0 $0 $0
David Mullins (Treasurer) $0 $0 $0
Jim Weeks (Director) $0 $0 $0
Steve Moore (Director) $0 $0 $0
Steve Buck (Director) $0 $0 $0
Scott Franklin (Director) $0 $0 $0
Jason Heacock (Director) $0 $0 $0
Glenda Busch (Membership Director) $0 $0 $0
Jim Ham (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$823,931
Expenses
$309,213
Net Income
-$1,133,144
Net Assets
$3,474,731
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $281,635
Investment Income $1,222
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,106,891
Net Inventory Sales $0
Other Revenue $103
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,603,786
Total Liabilities $129,055
Net Assets $3,474,731
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,642
Expenses
$634,035
Net Income
-$177,393
Net Assets
$1,121,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $502,232
> 100%
Investment Income $51
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$68,991
Other Revenue $23,350
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $97,535
15.4%
Assets/Debt
Total Assets $1,717,288
Total Liabilities $595,413
Net Assets $1,121,875
Club or Co-Op Income
Initiation Fees & Contributions $8,136
Income From Public Use of Club Facilities $98,349
Compensation
Key Employees and Officers Compensation Related Other
Tiffany Osler (Director) $0 $0 $0
Jennifer Jonsson (Director) $0 $0 $0
Ron Clark (Co Chair) $0 $0 $0
Dean Boring (Co Chair) $0 $0 $0
Kimberly Ruthven (Secretary) $0 $0 $0
David Mullins (Treasurer) $0 $0 $0
Jim Weeks (Director) $0 $0 $0
Steve Moore (Director) $0 $0 $0
Steve Buck (Director) $0 $0 $0
Scott Franklin (Director) $0 $0 $0
Jason Heacock (Director) $0 $0 $0
Glenda Busch (Controller) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,094,331
Expenses
$1,298,924
Net Income
-$204,593
Net Assets
$1,300,633
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,377,265
> 100%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$367,385
Other Revenue $84,445
7.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $393,842
30.3%
Assets/Debt
Total Assets $1,631,607
Total Liabilities $330,974
Net Assets $1,300,633
Club or Co-Op Income
Initiation Fees & Contributions $26,000
Income From Public Use of Club Facilities $396,515
Compensation
Key Employees and Officers Compensation Related Other
Karen Kovach (Commodore Until Sept 2015) $0 $0 $0
Kevin Campbell (Vice Commodore Until Sept 2015) $0 $0 $0
Steve Moseley (Past Commodore) $0 $0 $0
Greg Sale (Secretary Treasurer Until Sept 2015) $0 $0 $0
Ron Clark (Co Chair) $0 $0 $0
Dean Boring (Co Chair) $0 $0 $0
Kimberly Ruthven (Secretary) $0 $0 $0
Bob Boone (Treasurer) $0 $0 $0
Steve Buck (Director) $0 $0 $0
Gene Conrad (Director) $0 $0 $0
Patrick Fagan (Director) $0 $0 $0
Scott Franklin (Director) $0 $0 $0
John Hoppe (Director) $0 $0 $0
Amy Laderer (Director) $0 $0 $0
Shannon Lanier (Director) $0 $0 $0
Corey Miller (Director) $0 $0 $0
Steve Moore (Director) $0 $0 $0
Tiffany Osler (Director) $0 $0 $0
Lyle Phillipson (Director) $0 $0 $0
Arvind Soni (Director) $0 $0 $0
Shannon Waller (Director) $0 $0 $0
Jim Weeks (Director) $0 $0 $0
Michael Workman (Director) $0 $0 $0
Marilyn Sams (General Manager) $0 $0 $0
Judy West (Controller) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,260,984
Expenses
$2,287,379
Net Income
-$26,395
Net Assets
$1,537,453
Notable Sources of Revenue Percent of Total Revenue
Contributions $576,033
25.5%
Program Services $158,070
7.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$6,647
Net Inventory Sales $673,515
29.8%
Other Revenue $860,013
38.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $156,926
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $926,105
40.5%
Assets/Debt
Total Assets $2,069,023
Total Liabilities $531,570
Net Assets $1,537,453
Club or Co-Op Income
Initiation Fees & Contributions $778,556
Income From Public Use of Club Facilities $394,819
Compensation
Key Employees and Officers Compensation Related Other
Martha Simons Thru 122013 (Club Controller) $61,051 $0 $7,381
Marilyn Sams (General Manager) $30,404 $0 $0
Karen Kovach (Commodore) $0 $0 $0
Kevin Campbell (Vice Commodore) $0 $0 $0
Greg Sale (Secretary/Treasurer) $0 $0 $0
Steve Moseley Jr (Past Commodore) $0 $0 $0
Gene Conrad (Board Member) $0 $0 $0
Patrick Fagan (Board Member) $0 $0 $0
John Hoppe (Board Member) $0 $0 $0
Shannon Lanier (Board Member) $0 $0 $0
Corey Miller (Board Member) $0 $0 $0
Tiffany Osler (Board Member) $0 $0 $0
Lyle Philipson (Board Member) $0 $0 $0
Dr Arvind Soni (Board Member) $0 $0 $0
Shannon Waller (Board Member) $0 $0 $0
Michael Workman (Board Member) $0 $0 $0
Judy West Beg 022014 (Club Controller) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,298,854
Expenses
$2,329,722
Net Income
-$30,868
Net Assets
$1,563,848
Notable Sources of Revenue Percent of Total Revenue
Contributions $584,184
25.4%
Program Services $158,754
6.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $823,315
35.8%
Other Revenue $732,601
31.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $101,826
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $942,825
40.5%
Assets/Debt
Total Assets $2,061,687
Total Liabilities $497,839
Net Assets $1,563,848
Club or Co-Op Income
Initiation Fees & Contributions $659,242
Income From Public Use of Club Facilities $416,358

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,316,955
Expenses
$2,319,688
Net Income
-$2,733
Net Assets
$1,594,716
Notable Sources of Revenue Percent of Total Revenue
Contributions $587,761
25.4%
Program Services $125,465
5.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $903,470
39.0%
Other Revenue $700,259
30.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $169,934
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $905,129
39.0%
Assets/Debt
Total Assets $2,124,241
Total Liabilities $529,525
Net Assets $1,594,716
Club or Co-Op Income
Initiation Fees & Contributions $662,965
Income From Public Use of Club Facilities $467,393

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,287,288
Expenses
$2,329,701
Net Income
-$42,413
Net Assets
$1,597,449
Notable Sources of Revenue Percent of Total Revenue
Contributions $591,864
25.9%
Program Services $103,514
4.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $841,146
36.8%
Other Revenue $750,764
32.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $204,675
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $875,110
37.6%
Assets/Debt
Total Assets $2,102,497
Total Liabilities $505,048
Net Assets $1,597,449
Club or Co-Op Income
Initiation Fees & Contributions $710,547
Income From Public Use of Club Facilities $553,022

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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