Civic Intelligence

Laconia Golf Club Inc

EIN 02-0497845 • 501(c)7 • Laconia, NH

Profile

The Organization's purpose is to provide, improve and maintain golf course facilities for the benefit of its members and guests. The Organization operates a private golf club currently located on an eighteen-hole championship class golf course in Laconia, NH. Revenues are principally derived from members, greens fees, cart rentals and tournaments.

607 Elm StreetLaconia, NH 03246

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.43x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.96x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Net Margin

80th percentile

15%

Higher net margin than 80% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

Up

$7,743,834

Up $1,819,784 (+31%) from 2019

Liabilities

Up

$3,306,971

Up $609,224 (+23%) from 2019

Net Assets

Up

$4,436,863

Up $1,210,560 (+38%) from 2019

Revenue

Up

$3,429,141

Up $1,309,076 (+62%) from 2019

Expenses

Up

$2,913,601

Up $1,220,418 (+72%) from 2019

Net Income

Up

$515,540

Up $88,658 (+21%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,524,166Liabilities 2010: $1,867,630Net Assets 2010: $1,656,5362010Assets 2011: $3,536,555Liabilities 2011: $1,739,808Net Assets 2011: $1,796,7472011Assets 2012: $3,580,045Liabilities 2012: $1,679,713Net Assets 2012: $1,900,3322012Assets 2013: $3,994,398Liabilities 2013: $2,020,149Net Assets 2013: $1,974,2492013Assets 2014: $3,792,377Liabilities 2014: $1,549,619Net Assets 2014: $2,242,7582014Assets 2015: $5,135,214Liabilities 2015: $2,849,049Net Assets 2015: $2,286,1652015Assets 2016: $5,415,232Liabilities 2016: $2,892,580Net Assets 2016: $2,522,6522016Assets 2017: $5,424,747Liabilities 2017: $2,739,869Net Assets 2017: $2,684,8782017Assets 2018: $5,512,360Liabilities 2018: $2,712,939Net Assets 2018: $2,799,4212018Assets 2019: $5,924,050Liabilities 2019: $2,697,747Net Assets 2019: $3,226,3032019Assets 2024: $7,743,834Liabilities 2024: $3,306,971Net Assets 2024: $4,436,8632024

Highlighted filing

2024

Assets$7,743,834
Liabilities$3,306,971
Net Assets$4,436,863

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,388,6582010Expenses 2011: $1,371,0832011Revenue 2012: $1,532,757Expenses 2012: $1,429,172Net Income 2012: $103,5852012Revenue 2013: $1,544,676Expenses 2013: $1,470,759Net Income 2013: $73,9172013Revenue 2014: $1,695,612Expenses 2014: $1,427,103Net Income 2014: $268,5092014Revenue 2015: $1,700,395Expenses 2015: $1,656,988Net Income 2015: $43,4072015Revenue 2016: $1,822,333Expenses 2016: $1,585,846Net Income 2016: $236,4872016Revenue 2017: $1,898,594Expenses 2017: $1,736,368Net Income 2017: $162,2262017Revenue 2018: $1,969,731Expenses 2018: $1,855,188Net Income 2018: $114,5432018Revenue 2019: $2,120,065Expenses 2019: $1,693,183Net Income 2019: $426,8822019Revenue 2024: $3,429,141Expenses 2024: $2,913,601Net Income 2024: $515,5402024

Highlighted filing

2024

Revenue$3,429,141
Expenses$2,913,601
Net Income$515,540

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$3,429,141
Mission and Program Overview

Mission

The Organization's purpose is to provide, improve and maintain golf course facilities for the benefit of its members and guests. The Organization operates a private golf club currently located on an eighteen-hole championship class golf course in Laconia, NH. Revenues are principally derived from members, greens fees, cart rentals and tournaments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,420,777$3,525,027▲ $104,250
Accounts Receivable$2,136,862$2,282,156▲ $145,294
Cash and Non-Interest-Bearing Accounts$875,919$1,177,634▲ $301,715
Savings and Temporary Cash Investments$169,958$273,726▲ $103,768
Intangible Assets$16,332$15,665▼ $667
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,066,533$7,743,834▲ $677,301
Other Assets Total$446,685$469,626▲ $22,941
Liabilities
Deferred Revenue$2,542,582$2,879,573▲ $336,991
Other Liabilities$272,068$252,919▼ $19,149
Mortgage Notes Payable Secured by Investment Property$320,395$165,479▼ $154,916
Accounts Payable and Accrued Expenses$10,165$9,000▼ $1,165
Total Liabilities$3,145,210$3,306,971▲ $161,761
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,921,323$4,436,863▲ $515,540
Total Net Assets Fund Balance$3,921,323$4,436,863▲ $515,540
Total Liabilities and Net Assets / Fund Balance$7,066,533$7,743,834▲ $677,301

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,525,027$614,342$4,139,369
Other Land Buildings-$81,002$81,002
Other Assets Org$469,626--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike TiltonPresident
Timothy McCarthyVice President
David SherboarneDirector
Doug KlockDirector
Fred ConoverDirector
Maria ElkurdDirector
Mark KinnicuttDirector
Robert LavalleeDirector
Sue ThomasDirector
William EverettDirector
Jody SmithSecretary
James RossTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Laconia Country ClubCourse Rental607 Elm Street, Laconia, NH 03246-
Laconia Country ClubManagement607 Elm Street, Laconia, NH 03246-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,429,141
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$515,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,913,601
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,120,000--$1,120,000
Insurance$51,973--$51,973
Depreciation Depletion$45,049$667-$45,716
Office Expenses-$20,387-$20,387
Fees for Service Investment Mgmnt Fees$19,860--$19,860
Fees for Services Accounting-$11,000-$11,000
Interest-$9,535-$9,535
Other Expenses$1,620,000$130-$130
Total Functional Expenses$2,856,882$56,719$0$2,913,601
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable-Members$252,919
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Common officers/BOD; Laconia Country Club, Inc.

Form 990, Part VI, Section A, Line 3

Maintenance of golf course, management of golf and food & beverage operations and administrative activities.

Form 990, Part VI, Section A, Line 6

Individuals join the golf club and pay an initiation fee and annual dues as member.

Form 990, Part VI, Section B, Line 11B

The 990 is presented at a Board meeting for review as well as reviewed and signed by the Treasurer.

Form 990, Part VI, Section B, Line 12C

The conflicts of interest policy is monitored and enforced at each Board meeting where the conflicted party, the President or any member of the board identifies the conflict.

Form 990, Part VI, Section B, Line 15A

Reviewed and approved with the annual budget by the Finance Committee and the Board of Directors.

Form 990, Part VI, Section B, Line 15B

Reviewed and approved with the annual budget by the Finance Committee and the Board of Directors.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and the form 990 are available upon request at that business location.

Filing and Contact Details

Filer

Filer Name
Laconia Golf Club Inc
EIN
02-0497845
Phone
6035241274
Address
607 Elm Street, Laconia, NH 03246

Signing Officer

Name
James Ross
Title
Treasurer
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Nh
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Robert G Stinson Co PC
Address
144 Pleasant Street, Laconia, NH 03246
Preparer
Alfred L Romano Jr
Phone
6035240940
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IRS990/LandBldgEquipCostOrOtherBssAmt04220371
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IRS990/MembersOrStockholdersInd0true
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Organization's purpose is to provide, improve and maintain golf course facilities for the benefit of its members and guests. The Organization operates a private golf club currently located on an eighteen-hole championship class golf course in Laconia, NH. Revenues are principally derived from members, greens fees, cart rentals and tournaments.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0165479
IRS990/NetAssetsOrFundBalancesBOYAmt03921323
IRS990/NetAssetsOrFundBalancesEOYAmt04436863
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03921323
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04436863
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
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IRS990/OfficeExpensesGrp/TotalAmt020387
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0446685
IRS990/OtherAssetsTotalGrp/EOYAmt0469626
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Golf Course Rental
IRS990/OtherExpensesGrp/Desc1Offsite amenities
IRS990/OtherExpensesGrp/Desc2Bad Debts
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1130
IRS990/OtherExpensesGrp/ProgramServicesAmt01620000
IRS990/OtherExpensesGrp/TotalAmt01620000
IRS990/OtherExpensesGrp/TotalAmt115000
IRS990/OtherExpensesGrp/TotalAmt2130
IRS990/OtherLiabilitiesGrp/BOYAmt0272068
IRS990/OtherLiabilitiesGrp/EOYAmt0252919
IRS990/OtherRevenueTotalAmt00
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IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Assessments and fees
IRS990/ProgramServiceRevenueGrp/Desc1Golf operations
IRS990/ProgramServiceRevenueGrp/Desc2Membership dues
IRS990/ProgramServiceRevenueGrp/Desc3Miscellaneous
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0517846
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1520918
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22210032
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3180345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0517846
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1520918
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22210032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3180345
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
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IRS990/PYProgramServiceRevenueAmt03049854
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IRS990/PYTotalExpensesAmt02914535
IRS990/PYTotalRevenueAmt03049854
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03429141
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0273726
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03525027
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0614342
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04139369
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0469626
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Related Party
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt081002
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt081002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0252919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Bonds Payable-Members
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03525027
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0469626
IRS990ScheduleD/TotalLiabilityAmt0252919
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Laconia Country Club Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1Laconia Country Club Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Common Officers/BOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Common Officers/BOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Course/facility rent
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Management fee
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The organization rents its golf course and club facilities from the Laconia Country Club, Inc. In addition, the Laconia Country Club, Inc. provides management services to the Laconia Golf Club, Inc.The organizations have the same officers and directors.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Common officers/BOD; Laconia Country Club, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Maintenance of golf course, management of golf and food & beverage operations and administrative activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Individuals join the golf club and pay an initiation fee and annual dues as member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is presented at a Board meeting for review as well as reviewed and signed by the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The conflicts of interest policy is monitored and enforced at each Board meeting where the conflicted party, the President or any member of the board identifies the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Reviewed and approved with the annual budget by the Finance Committee and the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Reviewed and approved with the annual budget by the Finance Committee and the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The governing documents, conflict of interest policy, and the form 990 are available upon request at that business location.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Golf Course Leasing/Club Managment Svcs
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Laconia Country Club Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0607 Ellm Street
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Laconia
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd0032462353
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false

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