West Hampton Golf Club Inc
- Assets
- $3.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Cashiers, NC
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-1637442
Organization Overview
West Hampton Golf Club Inc is located in Cashiers, NC. The organization was established in 2009. 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, West Hampton Golf Club Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West 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, West Hampton Golf Club Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 6.8% 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 A GOLF COURSE, PRACTICE FACILITY, AND CLUBHOUSE FOR THE ENJOYMENT OF THE ORGANIZATION'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATURE AND PURPOSE OF THE ORGANIZATION IS TO OWN AND OPERATE A PRIVATE EQUITY GOLF AND SOCIAL CLUB FOR THE RECREATION, PLEASURE, AND BENEFIT OF ITS EQUITY MEMBERS AND THEIR FAMILIES AND ACCOMPANIED GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam C Messix Secretary/tr | OfficerTrustee | 40 | $144,823 |
T Wayne Davis Jr President | OfficerTrustee | 1 | $0 |
Alfred Ritter Vice Chairma | OfficerTrustee | 1 | $0 |
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 | $1,369,177 |
| Investment income | $987 |
| 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 | $39,963 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,446,708 |
| 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. | $144,823 |
| Compensation of current officers, directors, key employees. | $144,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,179 |
| Pension plan accruals and contributions | $12,975 |
| Other employee benefits | $0 |
| Payroll taxes | $46,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117 |
| Office expenses | $25,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,139 |
| Travel | $5,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,066 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,100 |
| Insurance | $17,519 |
| All other expenses | $22,061 |
| Total functional expenses | $1,407,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,172 |
| Savings and temporary cash investments | $523,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $300 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,787,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,576 |
| Total assets | $3,418,703 |
| Accounts payable and accrued expenses | $6,249 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,249 |
| Net assets without donor restrictions | $0 |
| 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 | $3,412,454 |
| Total liabilities and net assets/fund balances | $3,418,703 |