Civic Intelligence

Hope Valley Country Club

EIN 56-0268640 • 501(c)7 • Durham, NC

Profile

Social club providing recreational facilities including golf, tennis, swimming, dining, and other recreational activities.

3803 Dover RdDurham, NC 27707

www.hvcc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

35th percentile

0.26x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.31x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Net Margin

60th percentile

9.1%

Higher net margin than 60% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$180,088

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Asset Growth

23rd percentile

-0.9%

Faster asset growth than 23% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$11,280,766

Down $103,031 (-0.9%) from 2023

Liabilities

Down

$2,980,388

Down $959,875 (-24%) from 2023

Net Assets

Up

$8,300,378

Up $856,844 (+12%) from 2023

Revenue

Up

$9,467,286

Up $942,837 (+11%) from 2023

Expenses

Up

$8,610,442

Up $714,383 (+9.0%) from 2023

Net Income

Up

$856,844

Up $228,454 (+36%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $6,485,069Liabilities 2010: $3,100,854Net Assets 2010: $3,384,2152010Assets 2011: $6,038,737Liabilities 2011: $2,791,762Net Assets 2011: $3,246,9752011Assets 2012: $8,626,647Liabilities 2012: $4,600,258Net Assets 2012: $4,026,3892012Assets 2013: $9,231,055Liabilities 2013: $4,869,922Net Assets 2013: $4,361,1332013Assets 2014: $8,234,402Liabilities 2014: $3,318,587Net Assets 2014: $4,915,8152014Assets 2015: $7,913,603Liabilities 2015: $2,804,411Net Assets 2015: $5,109,1922015Assets 2016: $8,048,047Liabilities 2016: $2,528,911Net Assets 2016: $5,519,1362016Assets 2017: $7,905,543Liabilities 2017: $2,244,837Net Assets 2017: $5,660,7062017Assets 2018: $7,118,211Liabilities 2018: $2,057,895Net Assets 2018: $5,060,3162018Assets 2019: $7,665,491Liabilities 2019: $1,678,075Net Assets 2019: $5,987,4162019Assets 2020: $8,484,591Liabilities 2020: $2,454,323Net Assets 2020: $6,030,2682020Assets 2021: $9,762,574Liabilities 2021: $3,455,239Net Assets 2021: $6,307,3352021Assets 2022: $10,305,881Liabilities 2022: $3,490,737Net Assets 2022: $6,815,1442022Assets 2023: $11,383,797Liabilities 2023: $3,940,263Net Assets 2023: $7,443,5342023Assets 2024: $11,280,766Liabilities 2024: $2,980,388Net Assets 2024: $8,300,3782024

Highlighted filing

2024

Assets$11,280,766
Liabilities$2,980,388
Net Assets$8,300,378

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2010: $3,696,832Expenses 2010: $4,124,668Net Income 2010: -$427,8362010Revenue 2011: $3,971,584Expenses 2011: $4,108,824Net Income 2011: -$137,2402011Revenue 2012: $4,624,779Expenses 2012: $3,845,365Net Income 2012: $779,4142012Revenue 2013: $4,530,567Expenses 2013: $4,195,823Net Income 2013: $334,7442013Revenue 2014: $4,813,826Expenses 2014: $4,259,144Net Income 2014: $554,6822014Revenue 2015: $4,587,541Expenses 2015: $4,394,164Net Income 2015: $193,3772015Revenue 2016: $6,508,835Expenses 2016: $6,221,178Net Income 2016: $287,6572016Revenue 2017: $6,737,316Expenses 2017: $6,595,746Net Income 2017: $141,5702017Revenue 2018: $6,321,352Expenses 2018: $6,921,742Net Income 2018: -$600,3902018Revenue 2019: $7,413,065Expenses 2019: $6,485,965Net Income 2019: $927,1002019Revenue 2020: $5,715,208Expenses 2020: $5,660,212Net Income 2020: $54,9962020Revenue 2021: $6,889,806Expenses 2021: $6,612,739Net Income 2021: $277,0672021Revenue 2022: $7,924,281Expenses 2022: $7,416,472Net Income 2022: $507,8092022Revenue 2023: $8,524,449Expenses 2023: $7,896,059Net Income 2023: $628,3902023Revenue 2024: $9,467,286Expenses 2024: $8,610,442Net Income 2024: $856,8442024

Highlighted filing

2024

Revenue$9,467,286
Expenses$8,610,442
Net Income$856,844

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.3$2.98$8.30$9.47$8.61$0.86
2023Detailed filing. Detailed filing data is available for this year.$11.4$3.94$7.44$8.52$7.90$0.63
2022Detailed filing. Detailed filing data is available for this year.$10.3$3.49$6.82$7.92$7.42$0.51
2021Detailed filing. Detailed filing data is available for this year.$9.76$3.46$6.31$6.89$6.61$0.28
2020Detailed filing. Detailed filing data is available for this year.$8.48$2.45$6.03$5.72$5.66$0.05
2019Detailed filing. Detailed filing data is available for this year.$7.67$1.68$5.99$7.41$6.49$0.93
2018Detailed filing. Detailed filing data is available for this year.$7.12$2.06$5.06$6.32$6.92$0.60
2017Detailed filing. Detailed filing data is available for this year.$7.91$2.24$5.66$6.74$6.60$0.14
2016Detailed filing. Detailed filing data is available for this year.$8.05$2.53$5.52$6.51$6.22$0.29
2015Detailed filing. Detailed filing data is available for this year.$7.91$2.80$5.11$4.59$4.39$0.19
2014Detailed filing. Detailed filing data is available for this year.$8.23$3.32$4.92$4.81$4.26$0.55
2013Detailed filing. Detailed filing data is available for this year.$9.23$4.87$4.36$4.53$4.20$0.33
2012Summary only. Only limited summary data is available for this year.$8.63$4.60$4.03$4.62$3.85$0.78
2011Summary only. Only limited summary data is available for this year.$6.04$2.79$3.25$3.97$4.11$0.14
2010Summary only. Only limited summary data is available for this year.$6.49$3.10$3.38$3.70$4.12$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$9,806,326
Mission and Program Overview

Mission

SOCIAL CLUB PROVIDING RECREATIONAL FACILITIES INCLUDING GOLF, TENNIS, SWIMMING, DINING AND Other Recreational Activities.

Hope valley country club is a single location country club which provides dining, tennis, golf, and other social recreational activities for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,461,490$7,515,972▲ $54,482
Cash and Non-Interest-Bearing Accounts$1,949,848$2,060,077▲ $110,229
Accounts Receivable$1,036,123$917,996▼ $118,127
Inventories for Sale or Use$204,011$237,457▲ $33,446
Prepaid Expenses and Deferred Charges$158,803$182,698▲ $23,895
Intangible Assets$1,250$0▼ $1,250
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,383,797$11,280,766▼ $103,031
Other Assets Total$572,272$366,566▼ $205,706
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,913,555$1,669,030▼ $244,525
Accounts Payable and Accrued Expenses$994,991$472,219▼ $522,772
Deferred Revenue$444,569$467,507▲ $22,938
Other Liabilities$587,148$371,632▼ $215,516
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,940,263$2,980,388▼ $959,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,443,534$8,300,378▲ $856,844
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$7,443,534$8,300,378▲ $856,844
Total Liabilities and Net Assets / Fund Balance$11,383,797$11,280,766▼ $103,031

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,190,720$9,867,335$14,058,055
Leasehold Improvements$1,689,000$3,976,864$5,665,864
Equipment$780,155$1,836,928$2,617,083
Other Land Buildings$362,770$854,166$1,216,936
Land$493,327-$493,327
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emzi WewersGeneral ManagerFT$120,136$59,952$180,088
Robert ByrnesDirector of GolfFT$118,381$50,454$168,835
Lindsey FoschiMembership DirectorFT$136,551$8,603$145,154
Martin Ford BakerDirector of AgronomyFT$130,831$13,294$144,125
Alec MooreTennis InstructorFT$118,135$16,482$134,617
Travis DickersonAssistant General ManagerFT$118,621$8,096$126,717
Matthew C WilhelmTennis InstructorFT$117,744$7,757$125,501

Board Members and Trustees

NameTitle
Bryson PowellPresident
Andy FreedmanVice President
Bobby FerrelDirector
Dick HawkinsDirector
Lucy MartindaleDirector
Meredith HowellDirector
Paul SmithDirector
Rob KirlandDirector
Scott McCullochDirector
Tommy KinneyDirector
Tom HewittSecretary
Pauline DuensingTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Expert AquaticsPool Management212 POWELL DRIVE SUITE 120, Raleigh, NC 27606$401,773
Affiniti Golf PartnersManagement Fees6716 JAMESTOWN DRIVE, Alpharetta, GA 30005$175,400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,366,727
Investment Income
$31,924
Other Revenue
$68,635
Change in Net Assets
$856,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,525,554
Salaries, Compensation, and Employee Benefits$4,084,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,151,649
Depreciation Depletion---$899,985
All Other Expenses---$613,969
Occupancy---$437,321
Current Officers, Directors, Trustees, and Key Employees---$348,923
Fees for Services Other---$335,626
Payroll Taxes---$328,935
Other Employee Benefits---$248,562
Other Expenses---$228,240
Fees for Services Management---$175,400
Insurance---$104,888
Information Technology---$100,016
Office Expenses---$93,222
Interest---$74,447
Advertising---$53,865
Travel---$23,289
Pension Plan Contributions---$6,819
Fees for Services Legal---$2,120
Total Functional Expenses$0$0$0$8,610,442
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease$247,459
Operating Lease$124,173
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

PART VI, SECTION A, LINE 3:

Affiniti golf partners (d/b/a bobby jones links) provides turnkey management services to hope valley country club. Affiniti golf partners manages the day-to-day operations of the club's facilities including, but not limited to, supervising club operations, maintaining equipment and insurance coverage, setting schedule of prices and fees, collaborating with public relations and marketing for best publicity of the club, and managing personnel including hiring, payroll, and termination of all club employees.

PART VI, SECTION A, LINE 4:

The governing documents of the country club have been updated to change the composition and classification of voting members. Previously a sinlge class of voting members regardless of membership category, voting units are now assigned and weighter based on member category.

PART VI, SECTION A, LINE 6:

The club grants voting units to its members based on member classification. Voting units per class are: full family and full single - 2.0 units racquet and young professionals - 1.5 units social - 1.0 unit

PART VI, SECTION B, LINE 7A:

THE MEMBERS OF THE BOARD ARE ELECTED EVERY OTHER YEAR BY THE MEMBERS OF THE CLUB. On all matters upon which the Voting Members are entitled to vote, each Voting Member shall be entitled to one (1) vote. If a membership having the right to vote stands of record in the names of two or more persons only one person is entitled to cast a vote. Hence, there will be one vote per membership, not 2 for family memberships.

PART VI, SECTION B, LINE 11:

The Form 990 is prepared by an outside accountant and is provided to the Board of Directors for review before it is filed.

PART VI, SECTION B, LINE 12C:

Board members are required to sign a statement annually which confirms that they have read the organization's conflict of interest policy and provide details regarding conflicts they may have, if any.

PART VI, SECTION B, LINE 15:

The club does not compensate directors.

Part VI, Section C, Line 19

Hope valley country club is a privately held club, and its records are not made available to the public. The reviewed financial statements are available to all members. They may come to the club and review the statements,or have a copy upon request.

Filing and Contact Details

Filer

Filer Name
Hope Valley Country Club
EIN
56-0268640
In Care Of
% AMY WILLY
Phone
9194896565
Address
3803 DOVER RD, DURHAM, NC 27707

Signing Officer

Name
Bryson Powell
Title
President
Phone
9194896565
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryson Powell
Formed
1926
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
202
Volunteers
12

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Sabre J Linahan
Phone
4048746244
Supplemental Narrative

Additional Explanations

PART V, SECTION A, LINE 2:

Hope valley country club has delegated all payroll management duties to affiniti golf partners (d/b/a bobby jones links). The management company, affiniti golf partners, is responsible for all payroll compliance reporting including but not limited to filing all required federal employment tax returns and issuing form w-2 annually to individual employees.

Financial Statement Notes

PART X, LINE 2:

The Club is exempt from federal income taxes under Section 501(c)(7) of the Internal Revenue Code and, therefore, no provision or liability for income taxes is included in the accompanying financial statements. The Club annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Club takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Club is subject to examination by federal and state taxing authorities. In general, the Club is no longer subject to tax examinations for tax years ending before December 31, 2021.

Raw XML AppendixShowing 400 of 595 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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