Wade Hampton Golf Club Inc
- Assets
- $26.8m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 78
- Location
- Cashiers, NC
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 56-1518201
Organization Overview
Wade Hampton Golf Club Inc is located in Cashiers, NC. The organization was established in 1992. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Wade Hampton Golf Club Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wade Hampton Golf 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 12/2023, Wade Hampton Golf Club Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $9.5m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GOLF AND CLUBHOUSE FACILITIES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS A GOLF COURSE, PRO SHOP AND DINING FACILITY FOR THE EXCLUSIVE USE OF MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed President | OfficerTrustee | 2 | $0 |
Name Not Listed Member | Trustee | 2 | $0 |
Name Not Listed Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beverly-grant Inc New Building | 12/30/23 | $2,687,116 |
Superior Golf Maintenance Llc Golf Course Workers | 12/30/23 | $811,804 |
Trehel Corporation Building Addition/change | 12/30/23 | $608,618 |
Francie Hargrove Design Interior Design | 12/30/23 | $293,598 |
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 | $10,302,852 |
| Investment income | $72,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$125,760 |
| 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 | $535,137 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,046,179 |
| 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. | $317,486 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,212,426 |
| Pension plan accruals and contributions | $98,185 |
| Other employee benefits | $211,412 |
| Payroll taxes | $234,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,009 |
| Fees for services: Accounting | $37,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $825,319 |
| Advertising and promotion | $6,436 |
| Office expenses | $1,099,902 |
| Information technology | $38,095 |
| Royalties | $0 |
| Occupancy | $418,812 |
| Travel | $29,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $46,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,310,816 |
| Insurance | $105,997 |
| All other expenses | $55,079 |
| Total functional expenses | $9,498,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $351,290 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $417,004 |
| Prepaid expenses and deferred charges | $114,245 |
| Net Land, buildings, and equipment | $25,682,582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,677 |
| Total assets | $26,843,468 |
| Accounts payable and accrued expenses | $2,071,553 |
| Grants payable | $0 |
| Deferred revenue | $9,043,074 |
| 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 | $1,533,042 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,835,814 |
| Total liabilities | $14,483,483 |
| Net assets without donor restrictions | $12,359,985 |
| 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 | $26,843,468 |