Hope Valley Country Club Inc
- Assets
- $11.4m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 202
- Location
- Durham, NC
- Founding
- 11/1944
- Data as of
- 12/2023
- 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. As of 12/2023, Hope Valley Country Club Inc employed 202 individuals. 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 12/2023, Hope Valley Country Club Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $7.9m during the year ending 12/2023. While expenses have increased by 6.7% 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Byrnes Head Golf Pro | Officer | 40 | $165,172 |
Emzi Wewers General Manager | Officer | 40 | $162,098 |
Travis Dickerson Assistant General Manager | 40 | $115,759 | |
Chad Buchman Golf Course Maintenance | 40 | $112,281 | |
Lindsey Foschi Membership Director | 40 | $103,907 | |
Walker Harris President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bobby Jones Links Management | 12/30/23 | $178,000 |
Swim Club Management Group Llc Pool Management | 12/30/23 | $134,677 |
Ct Wilson Construction Construction | 12/30/23 | $122,834 |
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 | $8,380,277 |
| Investment income | $44,118 |
| 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 | $95,679 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,524,449 |
| 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. | $342,378 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,913,002 |
| Pension plan accruals and contributions | $4,605 |
| Other employee benefits | $250,868 |
| Payroll taxes | $312,313 |
| Fees for services: Management | $178,000 |
| Fees for services: Legal | $1,260 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $324,136 |
| Advertising and promotion | $44,864 |
| Office expenses | $80,221 |
| Information technology | $96,771 |
| Royalties | $0 |
| Occupancy | $453,789 |
| Travel | $18,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $749,104 |
| Insurance | $104,240 |
| All other expenses | $417,599 |
| Total functional expenses | $7,896,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,949,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,036,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $204,011 |
| Prepaid expenses and deferred charges | $158,803 |
| Net Land, buildings, and equipment | $7,461,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,250 |
| Other assets | $572,272 |
| Total assets | $11,383,797 |
| Accounts payable and accrued expenses | $994,991 |
| Grants payable | $0 |
| Deferred revenue | $444,569 |
| 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 | $1,913,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $587,148 |
| Total liabilities | $3,940,263 |
| Net assets without donor restrictions | $7,443,534 |
| 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 | $11,383,797 |