2024-10-21T09:52:32+00:00 2023-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-01-01 561518201 Wade Hampton Golf Club Inc WADE 8287435048 PO BOX 1920 CASHIERS NC 28717 John Foster GM/CEO 8287435048 2024-10-21 false true Amy Bibby P00445891 2024-10-21 2023 2024-10-15 13:58:12Z John Foster PO BOX 1920 CASHIERS NC 28717 12443926 false X WWW.WADEHAMPTONGC.COM X 1986 NC PROVIDE GOLF AND CLUBHOUSE FACILITIES TO MEMBERS 11 11 78 364607 373459 0 9317608 10302852 2130 72835 594781 670492 9914519 11046179 0 0 3850959 4073849 0 0 4519338 5425142 8370297 9498991 1544222 1547188 23282994 26843468 11780197 14483483 11502797 12359985 WADE HAMPTON GOLF CLUB PROVIDES A SUPERB GOLF COURSE AND COMPLEMENTARY CLUBHOUSE FACILITY FOR THE USE, ENTERTAINMENT, AND ENJOYMENT OF ITS MEMBERS, THEIR FAMILIES, AND GUESTS. false false THE CLUB MAINTAINS A GOLF COURSE, PRO SHOP AND DINING FACILITY FOR THE EXCLUSIVE USE OF MEMBERS AND THEIR GUESTS. 0 false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false true false false false true 21 0 true 78 true true true false false false false false false 1389966 246568 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false NC X X Michele Norris 8287435048 PO Box 1920 Cashiers NC 28717 Harry J Phillips Jr Treasurer 2.0 X X 0 0 0 J Stephen Olsen Vice President 2.0 X X 0 0 0 R Lyn Allgood Secretary 2.0 X X 0 0 0 Robert O Rolfe President 2.0 X X 0 0 0 David B Crawford Member 2.0 X 0 0 0 H Lynn Harton Member 2.0 X 0 0 0 Harlan I Prater IV Member 2.0 X 0 0 0 Julian Fertitta II Member 2.0 X 0 0 0 Michael S Brown Member 2.0 X 0 0 0 Stanton C Eggers DDS Member 2.0 X 0 0 0 Timothy P Costello Member 2.0 X 0 0 0 John E Foster GM/CEO 40.0 X 317486 0 32764 Bradford D Sampey Exeuctive Chef 40.0 X 141684 0 13910 Eric B Shomaker Director of Golf Course Operations 40.0 X 305229 0 21102 Greg J Burleson Superintendent 40.0 X 135387 0 13200 Louis P Mathews Director of Golf 40.0 X 215706 0 17035 Marnita T Norris Controller 40.0 X 106774 0 12911 1222266 0 110922 6 false true false Beverly-Grant Inc Seventy Peachtree Raod Ste 210 Asheville NC 28803 New Building 2687116 Superior Golf Maintenance LLC 290 Claude Isaacs Rd Elk Park NC 28622 Golf Course Workers 811804 Trehel Corporation 914 Pendleton Street Ste 200 Greenville SC 29601 Building Addition/Change 608618 Francie Hargrove Design PO Box 1175 Cashiers NC 28717 Interior Design 293598 4 0 INITIATION FEES 713910 1456484 1456484 GREENS/CARTS/CADDY FEES 713910 1377106 1130538 246568 TOURNAMENTS 713910 561526 561526 MEMBERSHIP DUES 713910 6223733 6223733 ASSESSMENT 713910 667750 667750 16253 16253 0 0 10302852 72835 72835 77507 203267 -125760 0 -125760 -125760 0 0 1729617 1194480 535137 489933 45204 Misc. Income 900099 261115 261115 0 0 0 0 261115 11046179 10546217 364607 135355 317486 3212426 98185 211412 234340 26009 37035 825319 6436 1099902 38095 418812 29136 1500 46498 1310816 105997 GROUNDS BEAUTIFICATION 559111 TOURNAMENT EXPENSES 445547 LITIGATION SETTLEMENT EXPENSE 290230 MEMBER RELATIONS 129620 55079 9498991 594622 119670 27680 9000 351290 0 0 0 322597 417004 93864 114245 47783869 22101287 22049048 25682582 0 0 186183 158677 23282994 26843468 575361 2071553 9231428 9043074 0 947833 1533042 1025575 1835814 11780197 14483483 X 11502797 12359985 11502797 12359985 23282994 26843468 X 1547188 -690000 X false true X true false 6535433 6535433 7791603 4174812 3616791 5749515 3080642 2668873 27707318 14845833 12861485 25682582 CAPITAL LEASE OBLIGATIONS 478972 Operating Lease Liability 156842 Settlement liability 1200000 1835814 X 12443926 1397747 1397747 11046179 0 0 11046179 10896738 1397747 1397747 9498991 0 0 9498991 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Club has obtained non-profit status under Internal Revenue Code Section 501(c)(7) and is tax-exempt except for unrelated business income. The Club has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2023. The Club is exempt from federal and state income taxes under the Internal Revenue Code, Section 501(c)(7), except for unrelated business income subject to federal and state income tax. There was no unrelated business income tax paid in 2023 and 2022. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSES - 203267 COGS - 1194480 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 203267 COGS - 1194480 X false false false John E Foster GM/CEO 277486 0 40000 0 0 0 12739 0 20025 0 350250 0 0 0 Louis P Mathews Director of Golf 190017 0 22000 0 3689 0 8628 0 8407 0 232741 0 0 0 Bradford D Sampey Exeuctive Chef 134084 0 7600 0 0 0 5503 0 8407 0 155594 0 0 0 Eric B Shomaker Director of Golf Course Operations 263229 0 42000 0 0 0 12695 0 8407 0 326331 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders THE CLUB SHALL HAVE THE FOLLOWING CLASSES OF MEMBERS, DESIGNATED FULL REGULAR MEMBERS, PROVISIONAL REGULAR MEMBERS, DOUBLE EAGLE MEMBERS, ASSOCIATE REGULAR MEMBERS,SENIOR MEMBERS, NON-RESIDENT MEMBERS, NON-GOLFING MEMBERS, SPECIAL MEMBERS, HONORARY MEMBERS, AND RESERVED MEMBERS. RESERVED MEMBERS HAVE NO MEMBERSHIP PRIVILEGES. DOUBLE EAGLE MEMBERS, NON-RESIDENT MEMBERS, NON-GOLFING MEMBERS, RESERVED MEMBERS, SPECIAL MEMBERS, AND HONORARY MEMBERS ARE NOT ENTITLED TO VOTE IN MEETINGS FOR THE MEMBERS OR HOLD OFFICE IN THE CLUB. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE AFFAIRS OF THE CORPORATION ARE MANAGED BY ITS BOARD OF DIRECTORS. DIRECTORS ARE AND SHALL BE ELECTED AT THE ANNUAL MEETING OF THE MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders CHANGES TO THE ORGANIZATION'S BYLAWS, ASSESSMENTS, AND ANNUAL INDEMNIFICATIONS ARE SUBJECT TO THE APPROVAL OF THE MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, THE RETURN WAS REVIEWED BY MANAGEMENT AND CERTAIN OFFICERS OF THE ORGANIZATION. Form 990, Part VI, Line 12c Conflict of interest policy ALL DIRECTORS AND MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY, WHICH IS COLLECTED BY A DESIGNATED MEMBER OF THE BOARD AND DOCUMENTED. POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED PRIOR TO ANY MAJOR VOTE OR DECISION INVOLVING INTERESTED PARTIES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS CONDUCTS A REVIEW OF THE SALARY OF OFFICERS AND DEPARTMENT HEADS AND COMPARES THEM TO THE SALARIES OF SIMILAR POSITIONS OF SIMILAR CLUBS. Form 990, Part VI, Line 18 How forms are made available to the public PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. Form 990, Part VI, Line 19 Required documents available to the public PHOTOCOPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR INSPECTION UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. Form 990, Part VIII, Line 2f Other Program Service Revenue CLUBHOUSE MISCELLANEOUS - Total Revenue: 16253, Related or Exempt Function Revenue: 16253, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances NET SPECIAL ASSESSMENTS TO MEMBERSHIP EQUITY - -690000; Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WHGC PROPERTY LLC 68 GOLF DRIVE CASHIERS NC 28717 561518201 REAL ESTATE HOLDING NC 77507 431410 WADE HAMPTON GOLF CLUB INC