Civic Intelligence

Wade Hampton Golf Club Inc

EIN 56-1518201 • 501(c)7 • Cashiers, NC

Profile

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.

PO Box 1920Cashiers, NC 28717

www.wadehamptongc.com

Siviq Scores

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

Liabilities / Assets

91st percentile

0.60x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.67x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Net Margin

72nd percentile

12%

Higher net margin than 72% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$384,065

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

$25M-$50M nonprofits • Source year 2024

Asset Growth

82nd percentile

15%

Faster asset growth than 82% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

0.5%

Faster revenue growth than 22% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,984,404

Up $4,140,936 (+15%) from 2023

Liabilities

Up

$18,578,733

Up $4,095,250 (+28%) from 2023

Net Assets

Up

$12,405,671

Up $45,686 (+0.4%) from 2023

Revenue

Up

$11,105,109

Up $58,930 (+0.5%) from 2023

Expenses

Up

$9,757,673

Up $258,682 (+2.7%) from 2023

Net Income

Down

$1,347,436

Down $199,752 (-13%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $17,172,017Liabilities 2010: $2,694,861Net Assets 2010: $14,477,1562010Assets 2011: $17,141,442Liabilities 2011: $2,611,334Net Assets 2011: $14,530,1082011Assets 2012: $16,874,759Liabilities 2012: $2,042,553Net Assets 2012: $14,832,2062012Assets 2013: $16,813,662Liabilities 2013: $2,423,107Net Assets 2013: $14,390,5552013Assets 2014: $16,223,535Liabilities 2014: $1,864,201Net Assets 2014: $14,359,3342014Assets 2015: $15,941,099Liabilities 2015: $1,632,311Net Assets 2015: $14,308,7882015Assets 2016: $16,562,981Liabilities 2016: $2,093,795Net Assets 2016: $14,469,1862016Assets 2017: $19,279,315Liabilities 2017: $3,316,324Net Assets 2017: $15,962,9912017Assets 2018: $23,276,396Liabilities 2018: $6,963,630Net Assets 2018: $16,312,7662018Assets 2019: $24,652,755Liabilities 2019: $7,383,822Net Assets 2019: $17,268,9332019Assets 2020: $23,910,774Liabilities 2020: $14,973,608Net Assets 2020: $8,937,1662020Assets 2021: $23,418,026Liabilities 2021: $13,416,941Net Assets 2021: $10,001,0852021Assets 2022: $23,282,994Liabilities 2022: $11,780,197Net Assets 2022: $11,502,7972022Assets 2023: $26,843,468Liabilities 2023: $14,483,483Net Assets 2023: $12,359,9852023Assets 2024: $30,984,404Liabilities 2024: $18,578,733Net Assets 2024: $12,405,6712024

Highlighted filing

2024

Assets$30,984,404
Liabilities$18,578,733
Net Assets$12,405,671

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $5,611,6152010Expenses 2011: $5,810,6592011Expenses 2012: $5,801,5852012Expenses 2013: $6,816,6422013Revenue 2014: $6,622,072Expenses 2014: $6,273,893Net Income 2014: $348,1792014Revenue 2015: $6,627,994Expenses 2015: $6,464,790Net Income 2015: $163,2042015Revenue 2016: $6,986,012Expenses 2016: $6,579,114Net Income 2016: $406,8982016Revenue 2017: $8,599,000Expenses 2017: $6,732,195Net Income 2017: $1,866,8052017Revenue 2018: $8,578,566Expenses 2018: $7,809,541Net Income 2018: $769,0252018Revenue 2019: $8,592,229Expenses 2019: $7,402,310Net Income 2019: $1,189,9192019Revenue 2020: $9,064,405Expenses 2020: $7,742,361Net Income 2020: $1,322,0442020Revenue 2021: $9,280,278Expenses 2021: $7,838,799Net Income 2021: $1,441,4792021Revenue 2022: $9,914,519Expenses 2022: $8,370,297Net Income 2022: $1,544,2222022Revenue 2023: $11,046,179Expenses 2023: $9,498,991Net Income 2023: $1,547,1882023Revenue 2024: $11,105,109Expenses 2024: $9,757,673Net Income 2024: $1,347,4362024

Highlighted filing

2024

Revenue$11,105,109
Expenses$9,757,673
Net Income$1,347,436

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$18.6$12.4$11.1$9.76$1.35
2023Detailed filing. Detailed filing data is available for this year.$26.8$14.5$12.4$11.0$9.50$1.55
2022Detailed filing. Detailed filing data is available for this year.$23.3$11.8$11.5$9.91$8.37$1.54
2021Detailed filing. Detailed filing data is available for this year.$23.4$13.4$10.0$9.28$7.84$1.44
2020Detailed filing. Detailed filing data is available for this year.$23.9$15.0$8.94$9.06$7.74$1.32
2019Detailed filing. Detailed filing data is available for this year.$24.7$7.38$17.3$8.59$7.40$1.19
2018Detailed filing. Detailed filing data is available for this year.$23.3$6.96$16.3$8.58$7.81$0.77
2017Detailed filing. Detailed filing data is available for this year.$19.3$3.32$16.0$8.60$6.73$1.87
2016Detailed filing. Detailed filing data is available for this year.$16.6$2.09$14.5$6.99$6.58$0.41
2015Detailed filing. Detailed filing data is available for this year.$15.9$1.63$14.3$6.63$6.46$0.16
2014Detailed filing. Detailed filing data is available for this year.$16.2$1.86$14.4$6.62$6.27$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$2.42$14.4$6.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$2.04$14.8$5.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$2.61$14.5$5.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$2.69$14.5$5.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.1
Gross Receipts
$12,742,018
Mission and Program Overview

Mission

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.

Provide golf and clubhouse facilities to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,682,582$28,306,540▲ $2,623,958
Prepaid Expenses and Deferred Charges$114,245$486,399▲ $372,154
Inventories for Sale or Use$417,004$442,095▲ $25,091
Cash and Non-Interest-Bearing Accounts$119,670$367,559▲ $247,889
Accounts Receivable$351,290$22,015▼ $329,275
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$26,843,468$30,984,404▲ $4,140,936
Other Assets Total$158,677$1,359,796▲ $1,201,119
Liabilities
Deferred Revenue$9,043,074$9,877,556▲ $834,482
Mortgage Notes Payable Secured by Investment Property$1,533,042$6,180,196▲ $4,647,154
Other Liabilities$1,835,814$1,372,762▼ $463,052
Accounts Payable and Accrued Expenses$2,071,553$1,148,219▼ $923,334
Total Liabilities$14,483,483$18,578,733▲ $4,095,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,359,985$12,405,671▲ $45,686
Total Net Assets Fund Balance$12,359,985$12,405,671▲ $45,686
Total Liabilities and Net Assets / Fund Balance$26,843,468$30,984,404▲ $4,140,936

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,505,295$11,993,335$23,498,630
Buildings$7,778,489$8,108,444$15,886,933
Land$6,559,618-$6,559,618
Equipment$2,463,138$2,567,622$5,030,760
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John E FosterGm/CEOFT$291,411$92,654$384,065
Eric B ShomakerDirector of Golf Course OperationsFT$277,533$73,131$350,664
Robert E ReevesDirector of GolfFT$239,278$54,486$293,764
Bradford D SampeyExecutive ChefFT$140,825$21,062$161,887
Greg J BurlesonSuperintendentFT$135,358$25,261$160,619
Marnita T NorrisControllerFT$117,165$12,408$129,573

Highest Paid Contractors

ContractorServicesLocationCompensation
Beverly-Grant IncNew BuildingSeventy Peachtree Raod Ste 210, Asheville, NC 28803$2,412,889
Trehel CorporationBuilding Addition/Change914 Pendleton Street Ste 200, Greenville, SC 29601$1,443,701
Superior Golf Maintenance LLCGolf Course Workers290 Claude Isaacs Rd, Elk Park, NC 28622$699,591
McDonald & Sons IncGolf Course Construction8009 Old Jessup Rd, Jessup, MD 20794$225,959
Francie Hargrove DesignInterior DesignPO Box 1175, Cashiers, NC 28717$119,128
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,581,738
Investment Income
$-37,092
Other Revenue
$560,463
Change in Net Assets
$1,347,436

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,105,109
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,636,909
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$12,742,018
Total Revenue per Form 990
$11,105,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,499,979
Salaries, Compensation, and Employee Benefits$4,257,694
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,228,079
Depreciation Depletion---$1,134,716
Office Expenses---$1,028,691
Fees for Services Other---$811,120
Occupancy---$651,732
Current Officers, Directors, Trustees, and Key Employees---$351,411
Payroll Taxes---$257,722
Pension Plan Contributions---$217,787
Other Employee Benefits---$202,695
Interest---$160,002
Insurance---$159,473
Other Expenses---$151,015
Fees for Services Legal---$68,131
Fees for Services Accounting---$55,113
Travel---$31,485
All Other Expenses---$14,486
Information Technology---$12,061
Advertising---$5,775
Conferences and Meetings---$2,478
Total Functional Expenses$0$0$0$9,757,673

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,394,582
Expenses per Audited Statements$9,757,673
Total Expenses per Form 990$9,757,673
Expenses Not Reported on Form 990$1,636,909
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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
Federal Income Taxes$1,325,202
Settlement liability$47,560
Operating Lease Liability$0
Finance Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15

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 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 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: 12347, Related or Exempt Function Revenue: 12347, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Wade Hampton Golf Club Inc
EIN
56-1518201
Phone
8287435048
Address
PO BOX 1920, CASHIERS, NC 28717

Signing Officer

Name
John Foster
Title
Gm/CEO
Phone
8287435048
Signed
2025-10-23
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
75
Volunteers
11

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

NET SPECIAL ASSESSMENTS TO MEMBERSHIP EQUITY - -1301750; Total - -1301750;

Form 990, Part XII, Line 2C Change of oversight process or selection process

The process has not changed from the prior year.

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Club is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Club is subject to federal income tax on any unrelated business taxable income. There was no unrelated business income tax paid in 2024 and 2023. The Club has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2024.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

RENTAL EXPENSES - 224289 COGS - 1320578 Miscellaneous Rev in Exp - 92042

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

RENTAL EXPENSES - 224289 COGS - 1320578 Miscellaneous Rev in Exp - 92042

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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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IRS990/Form990PartVIISectionAGrp/PersonNm0Harry J Phillips Jr
IRS990/Form990PartVIISectionAGrp/PersonNm1J Stephen Olsen
IRS990/Form990PartVIISectionAGrp/PersonNm2R Lyn Allgood
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert O Rolfe
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IRS990/Form990PartVIISectionAGrp/PersonNm8Michael S Brown
IRS990/Form990PartVIISectionAGrp/PersonNm9Timothy P Costello
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