2023-11-14T13:45:27-06:00 2022-12-31 941668792 PETRINOVICH PUGH & COMPANY LLP 333 WEST SANTA CLARA ST 800 SAN JOSE CA 951131716 990 2022-01-01 940615130 LAKE MERCED GOLF CLUB LAKE 6507552233 2300 JUNIPERO SERRA BLVD DALY CITY CA 94015 WILSON LEUNG CFO 6507552233 2023-11-14 1 WILSON LEUNG 999009999 1 JOHN KAWAMOTO P00476783 4082877911 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CLIFFORD LAI 2300 JUNIPERO SERRA BLVD DALY CITY CA 94015 11392031 0 X WWW.LMGC.ORG X 1922 CA TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 9 9 171 9 338571 12302 0 0 10841907 9228104 -550474 -589339 1069157 1037451 11360590 9676216 0 0 0 0 5024184 6141359 0 0 0 4504967 6413116 9529151 12554475 1831439 -2878259 22000882 32240497 6001256 19119130 15999626 13121367 X THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB UNDER IRC SECTION 501(C)(7) WHOSE PROGRAM SERVICE ACTIVITIES ARE ORGANIZED & OPERATED SUBSTANTIALLY FOR THE PLEASURE & RECREATION OF ITS MEMBERS. ALL PROGRAMS OF THE CLUB ARE RELATED TO THE PURPOSE OF PROVIDING SOCIAL & RECREATIONAL BENEFITS TO ITS MEMBERS. 0 0 SOCIAL AND RECREATIONAL PROGRAMS. SEE ORGANIZATION'S MISSION STATEMENT. 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 1 107 0 1 171 1 1 1 0 0 0 1 1 3140421 511019 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 X KIM WILCOX 6507552233 2300 JUNIPERO SERRA BLVD DALY CITY CA 94015 JEFFREY YEE DIRECTOR 1.00 X 0 0 0 KEVIN BALDWIN DIRECTOR 1.00 X 0 0 0 JOHN RUFFO VICE PRESIDENT 1.00 X X 0 0 0 JARED POTTER DIRECTOR 1.00 X 0 0 0 BILL MAZZETTI SECRETARY 1.00 X X 0 0 0 CLIFFORD LAI PRESIDENT 1.00 X X 0 0 0 WILSON LEUNG CFO 1.00 X X 0 0 0 KIP JONES DIRECTOR 1.00 X 0 0 0 MARK CAMPION DIRECTOR 1.00 X 0 0 0 NICK BAILEY GENERAL MANAGER 40.00 X 315718 0 25459 SANJAY GOVAN CONTROLLER (PARTIAL YEAR) 40.00 X 115374 0 5713 MATTHEW DACHOWSKI GOLF COURSE SUPERINTENDENT 40.00 X 314036 0 16502 PATRICK STEFFES HEAD GOLF PROFESSIONAL 40.00 X 253899 0 12695 BRIAN PAUL MEMBERSHIP DIRECTOR 40.00 X 135539 0 6777 JOSHUA POKORNEY EXECUTIVE CHEF 40.00 X 141015 0 3532 1275581 0 70678 8 0 1 0 0 MEMBER DUES & ASSESSMENTS 713910 5748169 5748169 INITIATION AND TRANSFER FEES 713910 1472217 1472217 CAPITAL DUES 713910 1253204 1253204 CLUBHOUSE RENOVATION 713910 415000 415000 GOLF OPERATION 713910 339514 283636 55878 9228104 48552 28744 19808 61304 699195 -637891 -637891 -637891 1996134 1016620 979514 716629 262885 OTHER INCOME 713910 57937 57937 57937 9676216 9975536 338571 -637891 X 341177 4311012 1137708 351462 160955 1098597 222258 INCOME TAXES 1528 GOLF CART LEASE AND SPE 1724658 PAYMENT TO RESIGNED MEM 1594750 GOLF COURSE 382325 1228045 12554475 821581 1172560 250003 894954 1515833 2655888 2034965 191300 291891 1017051 550158 37857799 11744826 12390739 26112973 3678390 663093 22000882 32240497 2133997 1017025 555846 1002011 2988610 16253799 322803 846295 6001256 19119130 X 15999626 13121367 15999626 13121367 22000882 32240497 -2878259 0 X X 0 1 X 1 0 244873 244873 16816210 7444615 9371595 3384863 2677991 706872 17411853 1622220 15789633 26112973 REFUNDABLE ASSESSMENT-IRRIGATION FUND 40250 FINANCE LEASE OBLIGATIONS 231833 OPERATING LEASE OBLIGATIONS 574212 846295 X 10692836 1016620 1016620 9676216 0 9676216 13571095 1016620 1016620 12554475 0 12554475 PART X, LINE 2: THE CLUB IDENTIFIES AND EVALUATES ALL UNCERTAIN TAX POSITIONS AND BELIEVES ALL POSITIONS TAKEN BY THE CLUB ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,016,620. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 1,016,620. X X X X 0 0 0 NICK BAILEY GENERAL MANAGER 255522 0 40700 0 19496 0 16247 0 9212 0 341177 0 0 0 MATTHEW DACHOWSKI GOLF COURSE SUPERINTENDENT 225836 0 61700 0 26500 0 15454 0 1048 0 330538 0 0 0 PATRICK STEFFES HEAD GOLF PROFESSIONAL 209504 0 31700 0 12695 0 12695 0 0 0 266594 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A PROPRIETARY MEMBERS MAY PARTICIPATE IN THE ELECTION OF OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS REQUIRES THE MEMBERS' APPROVAL: -FILLING VACANCIES ON THE BOARD -REMOVAL OF A DIRECTOR WITHOUT CAUSE -AMENDING THE ARTICLES OF INCORPORATION -APPROVAL OF ANY RELATED PARTY TRANSACTION -ELECTION TO DISSOLVE THE ORGANIZATION FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND CFO REVIEW THE FORM 990 AND COMPARE IT TO THE ANNUAL AUDITED FINANCIAL STATEMENTS. ONCE VERIFIED, THE CONTROLLER NOTIFIES THE BOARD OF DIRECTORS THAT THE RETURN IS AVAILABLE FOR THEIR REVIEW BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB'S COMPENSATION COMMITTEE WHICH CONSISTS OF THE CFO, PRESIDENT AND SECRETARY REVIEW AND APPROVE THE COMPENSATON FOR THE GENERAL MANAGER AND KEY MANAGEMENT EMPLOYEES, TAKING INTO CONSIDERATION COMPARBLE DATA IN THE APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 CLUB USES AUDIT FIRM TO TO PREPARE FINANCIAL STATEMENTS. THESE ARE AVAILABLE AT THE OFFICE UPON REQUEST AND ON THE CLUB'S WEBSITE. THE CLUB PUTS TOGETHER AN ANNUAL REPORT, WHICH IS DISTRIBUTED TO ALL MEMBERS AND IS AVAILABLE TO THE PUBLIC AT THE OFFICE. FORM 990, PART IX, LINE 24E FOOD AND BEVERAGE 307,330. ADMINISTRATIVE AND GENERAL 299,444. UTILITIES 264,380. CLUBHOUSE 228,692. GOLF OPERATION 173,659. LOCKER ROOM AND LAUNDRY 8,949. PRESENT VALUE DISCOUNT ON NOTE RECEIVABLE -54,409. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR.