Hope Valley Country Club Inc
- Assets
- $9.8m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 11/1944
- Data as of
- 12/2021
- EIN
- 56-0268640
Organization Overview
Hope Valley Country Club Inc is located in Durham, NC. The organization was established in 1944. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Valley Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Hope Valley Country Club Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOPE VALLEY COUNTRY CLUB IS A SINGLE LOCATION COUNTRY CLUB WHICH PROVIDES DINING, TENNIS, GOLF, AND OTHER SOCIAL RECREATIONAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH GOLF OPERATIONS, DINING, TENNIS, AND SWIMMING FACILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hadley Nixon Finance Comm Chair | OfficerTrustee | 0.5 | $0 |
Bennet Waters President | OfficerTrustee | 1 | $0 |
Robert Whalen Finance Comm Chair | OfficerTrustee | 0.5 | $0 |
Emzi Wewers General Manager From 7/13/2021 | Officer | 40 | $0 |
Chad Pisaneschi Coo/general Manager Thru 6/30/2021 | Officer | 40 | $0 |
Ashley Freeman Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bobby Jones Links Management | 12/30/21 | $172,700 |
Partners In Construction Llc Construction | 12/30/21 | $306,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,815,893 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $70,365 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,889,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,460 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $172,700 |
| Fees for services: Legal | $2,719 |
| Fees for services: Accounting | $31,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,020,845 |
| Advertising and promotion | $0 |
| Office expenses | $152,040 |
| Information technology | $73,192 |
| Royalties | $0 |
| Occupancy | $959,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $599,437 |
| Insurance | $100,449 |
| All other expenses | $193,647 |
| Total functional expenses | $6,612,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,479,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $795,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $125,485 |
| Prepaid expenses and deferred charges | $68,688 |
| Net Land, buildings, and equipment | $6,293,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,762,574 |
| Accounts payable and accrued expenses | $244,208 |
| Grants payable | $0 |
| Deferred revenue | $378,330 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,513,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $319,144 |
| Total liabilities | $3,455,239 |
| Net assets without donor restrictions | $6,307,335 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,762,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Valley Country Club Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Durham Sports Commission Durham, NC | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |