2022-09-15T12:49:10-05:00 2021-10-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 462045108 990 2020-11-01 311266644 LAKES GOLF & COUNTRY CLUB INC LAKE 6148822582 6740 WORTHINGTON RD WESTERVILLE OH 43082 JAMES P SPRAGG CHIEF OPERATIONS OFFICER 6148822582 2022-09-15 1 JAMES SPRAGG 999009999 SAMANTHA BOKORI P01057347 3174648600 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z JAMES P SPRAGG 6740 WORTHINGTON RD WESTERVILLE OH 43082 9989157 0 X HTTP://LAKESCLUB.COM/ X 1989 OH TO PROVIDE GOLF, RACQUET SPORTS, SWIMMING, FITNESS FACILITIES, AND A CLUBHOUSE TO ITS MEMBERSFOR THEIR ENJOYMENT AND TO ENCOURAGE FAMILY AND SOCIAL INTERACTION AMONG ITS MEMBERS. 3 1 289 46 524476 0 4305531 4721454 1450247 1931013 28043 25586 1437241 1744614 7221062 8422667 0 0 0 0 3013926 3709297 0 0 0 3312859 3630963 6326785 7340260 894277 1082407 11239144 12400696 1240769 1334914 9998375 11065782 X THE PURPOSE OF LAKES GOLF & COUNTRY CLUB, INC. ARE THE FOLLOWING: TO PROVIDE GOLF, RACQUET SPORTS, SWIMMING, FITNESS FACILITIES AND A CLUBHOUSE TO ITS MEMBERS FOR THEIR ENJOYMENT AND TO ENCOURAGE FAMILY AND SOCIAL INTERACTION AMONG ITS MEMBER THROUGH THE USE OF SPORTING FACILITIES AND PLANNED SOCIAL ENTERTAINMENT PROGRAMS. 0 0 PROVISION OF RECREATION SERVICES AND EXPENDITURES FOR UPKEEP OF THE FACILITIES USED BY MEMBERS AND THEIR GUESTS INCLUDING GOLF, CLUBHOUSE, RACQUET SPORTS, SWIMMING POOL AND ATHLETIC FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 48 0 289 1 1 1 0 0 0 0 384528 735875 0 0 0 X 3 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JAMES P SPRAGG 6148822582 6740 WORTHINGTON RD WESTERVILLE OH 43082 TOD J ORTLIP TRUSTEE 5.00 X 2022 0 0 LEIGH ALLEN TRUSTEE 5.00 X 0 0 0 BETSY ORTLIP TRUSTEE 5.00 X 0 0 0 JAMES P SPRAGG CHIEF OPERATIONS OFFICER 50.00 X 261965 0 7663 CHRISTOPHER HAUNTY GREENS SUPERINTENDENT 50.00 X 139928 0 22255 EDWARD KLINE HEAD GOLF PROFESSIONAL 40.00 X 108646 0 18934 512561 0 48852 3 0 1 0 0 4721454 4721454 GOLF OPERATIONS 713910 1107581 981797 125784 FOOD & BEVERAGE OPS 713910 578336 501493 76843 POOL & RACQUET SPORTS 713910 112852 111467 1385 ATHLETIC CENTER OPS 713910 107591 102074 5517 MEMBER FINANCE CHARGES 713910 24653 24653 1931013 18450 18450 53700 18657 35043 35043 35043 110118 85595 100935 87642 9183 -2047 7136 9183 -2047 2942307 1359256 1583051 1330780 252271 LOCKER FEES 900099 12100 12100 114420 114420 126520 8422667 3178784 524476 -2047 275187 2890473 232299 311338 3665 307817 118295 1089087 536558 71995 GOLF & GREENS OPERATION 665059 RESTAURANT OPERATIONS 371737 REAL ESTATE TAX 194127 POOL/RACQUET SPORTS OPS 133045 139578 7340260 1513906 2555131 1464181 1815957 1323623 905380 194790 242058 32250 25903 17711880 10855613 6710394 6856267 11239144 12400696 828760 861893 434509 495746 -22500 -22725 1240769 1334914 X 12756290 12741290 0 0 -2757915 -1675508 9998375 11065782 11239144 12400696 X 1082407 -15000 X 0 0 0 5515311 3722074 1793237 8802612 4394237 4408375 3393957 2739302 654655 6856267 X X 0 0 0 JAMES P SPRAGG CHIEF OPERATIONS OFFICER 185446 0 70000 0 6519 0 7663 0 0 0 269628 0 0 0 CHRISTOPHER HAUNTY GREENS SUPERINTENDENT 121728 0 17000 0 1200 0 4674 0 17581 0 162183 0 0 0 6740 WORTHINGTON ROAD LLC PART V 739288 PART V 0 GEOFF ORTLIP PART V 10888 PART V 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF INTERESTED PERSON: 6740 WORTHINGTON ROAD, LLC(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: THROUGH ATTRIBUTION, TOD ORTLIP (TRUSTEE) HOLDS 100 PERCENT OF THE OWNERSHIP INTEREST IN 6740 WORTHINGTON ROAD, LLC WHICH HOLDS THE LAND LEASE FOR THE PROPERTY ON WHICH LAKES GOLF AND COUNTRY CLUB SITS.(C) AMOUNT OF TRANSACTION: $739,288(D) DESCRIPTION OF TRANSACTION: LAND LEASE AT 6740 WORTHINGTON ROAD(E) SHARING OF ORGANIZATION REVENUES? = NO SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF INTERESTED PERSON: GEOFF ORTLIP(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: FAMILY MEMBER OF TRUSTEE.(C) AMOUNT OF TRANSACTION: $10,888(D) DESCRIPTION OF TRANSACTION: FOOD AND BEVERAGE CREDIT(E) SHARING OF ORGANIZATION REVENUES? = NO FORM 990, PART VI, SECTION A, LINE 2 TOD J. ORTLIP, TRUSTEE, AND BETSY ORTLIP, TRUSTEE, HAVE A FAMILY RELATIONSHIP. TOD J. ORTLIP, TRUSTEE, AND JAMES SPRAGG, OFFICER, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE LAKES GOLF & COUNTRY CLUB, INC. BOARD OF TRUSTEES PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE (IN AN ELECTRONIC FORM). THE FORM 990 WAS REVIEWED IN DETAIL BY THE LAKES CHIEF OPERATING OFFICER AND APPROVED FOR FILING AFTER THE BOARD OF TRUSTEES PROVIDED FINAL COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO BE IN COMPLIANCE WITH THE LAKES CONFLICT OF INTEREST POLICY. EACH INDIVIDUAL IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY AND REQUIRED TO DISCLOSE BUSINESS AND/OR FAMILY RELATIONSHIPS/INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. ANY SUCH DISCLOSURES ARE MAINTAINED AND ARE REVIEWED ANNUALLY TO ENSURE COMPLIANCE WITH THE POLICY. FOR THE YEAR ENDING 10/31/2021, THE CONFLICTS THAT WERE DISCLOSED ON THE ANNUAL QUESTIONNAIRES SUBMITTED BY THE OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES HAVE BEEN REPORTED IN SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CHIEF OPERATING OFFICER OF THE GOLF COURSE IS DETERMINED BY THE LAKES BOARD OF TRUSTEES AND IS DESIGNED TO ENSURE THAT THE AMOUNT PAID IS REASONABLE. THE COO'S SALARY WAS SET MANY YEARS AGO AND IS INCREASED AS APPROVED BY THE TRUSTEES. FOR ALL OTHER OFFICERS AND KEY EMPLOYEES, COMPENSATION IS SET UPON HIRING AND THEN SUBJECT TO AN INCREASE AS RECOMMENDED AND APPROVED BY THE TRUSTEES. HISTORICALLY, THE TRUSTEES HAVE APPROVED MODEST ANNUAL SALARY INCREASES FOR THE COO AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE TAXPAYER MAKES ITS FORM 990 AND FORM 1024 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY ON THE SAME BUSINESS DAY. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE FOR PUBLIC INSPECTION ON WWW.GUIDESTAR.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS, REVIEWED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: INITIATION FEES REFUNDED -15,000.