Wade Hampton Golf Club Inc
- Assets
- $23.4m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 80
- Location
- Cashiers, NC
- Founding
- 01/1992
- Data as of
- 12/2021
- 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 12/2021, Wade Hampton Golf Club Inc employed 80 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 12/2021, Wade Hampton Golf Club Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 2.5% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Foster Gm/ceo | Officer | 40 | $296,500 |
Eric B Shomaker Director Of Golf Course Operations | 40 | $279,344 | |
Louis P Mathews Director Of Golf | 40 | $211,347 | |
Bradford D Sampey Exeuctive Chef | 40 | $131,545 | |
Greg J Burleson Superintendent | 40 | $130,298 | |
Robert O Rolfe President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Penland Contracting Company Inc Golf Course Work | 12/30/21 | $104,047 |
Superior Golf Maintenance Llc Golf Course Workers | 12/30/21 | $751,936 |
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 | $8,911,633 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$160,201 |
| Net Gain/Loss on Asset Sales | $10,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $518,436 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,280,278 |
| 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. | $324,755 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,645,573 |
| Pension plan accruals and contributions | $78,765 |
| Other employee benefits | $182,237 |
| Payroll taxes | $193,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,111 |
| Fees for services: Accounting | $28,211 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $742,980 |
| Advertising and promotion | $9,306 |
| Office expenses | $722,667 |
| Information technology | $10,751 |
| Royalties | $0 |
| Occupancy | $377,634 |
| Travel | $13,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,656 |
| Interest | $175,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,410,578 |
| Insurance | $107,980 |
| All other expenses | $0 |
| Total functional expenses | $7,838,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,413 |
| Savings and temporary cash investments | $30,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $227,340 |
| Prepaid expenses and deferred charges | $18,473 |
| Net Land, buildings, and equipment | $22,626,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $875 |
| Total assets | $23,418,026 |
| Accounts payable and accrued expenses | $398,246 |
| Grants payable | $0 |
| Deferred revenue | $9,145,354 |
| 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 | $2,514,482 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,358,859 |
| Total liabilities | $13,416,941 |
| Net assets without donor restrictions | $10,001,085 |
| 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 | $23,418,026 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |