WHAD501(c)(7) · MEDIUMNAICS 713910EIN 56-1518201
Wade Hampton Golf Club Inc
Cashiers, NC · founded 1992
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.05M
▲ 11.4% YoY
FY23 Total Expenses
$9.50M
▲ 13.5% YoY
Operating Margin
14.0%
revenue minus expenses ÷ revenue
Employees
78
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.0M
▲ 28.6% / 5y
Expenses
$9.5M
▲ 28.3% / 5y
Total Assets
$26.8M
▲ 8.9% / 5y
Total Liabilities
$14.5M
▲ 96.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.6M | $9.3M | $9.3M | $9.9M | $11.0M | +28.6% |
| Expenses | $7.4M | $7.8M | $7.8M | $8.4M | $9.5M | +28.3% |
| Net surplus | $1.2M | $1.4M | $1.4M | $1.5M | $1.5M | +30.0% |
| Total assets | $24.7M | $23.4M | $23.4M | $23.3M | $26.8M | +8.9% |
| Total liabilities | $7.4M | $13.4M | $13.4M | $11.8M | $14.5M | +96.2% |
| Net assets | $17.3M | $10.0M | $10.0M | $11.5M | $12.4M | -28.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
GM/CEO· 40h/wk | $317,486 | $32,764 |
Director of Golf Course Operations· 40h/wk | $305,229 | $21,102 |
Director of Golf· 40h/wk | $215,706 | $17,035 |
Exeuctive Chef· 40h/wk | $141,684 | $13,910 |
Golf Course Superintendent· 40h/wk | $135,387 | $13,200 |
Controller· 40h/wk | $106,774 | $12,911 |
+ 11 unpaid officers/directors as reported (, , , +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Beverly-Grant Inc Asheville, NC | Construction & renovation | $2,687,116 |
| Superior Golf Maintenance LLC Elk Park, NC | Management services | $811,804 |
| Trehel Corporation Greenville, SC | Construction & renovation | $608,618 |
| Francie Hargrove Design Cashiers, NC | Interior Design | $293,598 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $6,223,733 |
| INITIATION FEES | $1,456,484 |
| GREENS/CARTS/CADDY FEES | $1,377,106 |
| ASSESSMENT | $667,750 |
| TOURNAMENTS | $561,526 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.5M
▲ $585K new borrowing
Net land, buildings & equipment
$25.7M
book value, net of depreciation
Facility age
46%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $105,997 |
| Occupancy | $418,812 |
| Depreciation & depletion | $1,310,816 |
| Information technology | $38,095 |
| Advertising & promotion | $6,436 |
| Office expenses | $1,099,902 |
| Legal fees | $26,009 |
| Accounting fees | $37,035 |
| Other professional fees | $825,319 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WADE HAMPTON GOLF CLUB 401(K) PROFIT SHARING PLAN
pension · 19 participants · $2.7M assets · FY2024
Seasonal labor
DOL OFLC · certified H-2B positions
| Role | Wage floor (annualized) | Workers | Season |
|---|---|---|---|
Cooks, Restaurant Cashiers, NC | $34K | 6 | Apr 2025 → Nov 2025 |
Receptionists and Information Clerks Cashiers, NC | $32K | 2 | Apr 2025 → Nov 2025 |
Maids and Housekeeping Cleaners Cashiers, NC | $29K | 2 | Apr 2025 → Nov 2025 |
Waiters and Waitresses Cashiers, NC | $29K | 20 | Apr 2025 → Nov 2025 |
Amusement and Recreation Attendants Cashiers, NC | $24K | 8 | Apr 2025 → Nov 2025 |
WFounded in 1992, Wade Hampton Golf Club Inc reported $11.05M of revenue for FY23, at an operating margin of 14.0%. Revenue moved up 11.4% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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