2023-11-08T12:02:53-06:00 2022-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2022-01-01 560268640 HOPE VALLEY COUNTRY CLUB HOPE 9194896565 3803 DOVER RD DURHAM NC 27707 EMMERLINE WEWERS GENERAL MANAGER 9194896565 2023-10-27 1 EMMERLINE WEWERS 999009999 1 PAULA WENDLING P00536805 7043771678 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z EMMERLINE WEWERS 3803 DOVER RD DURHAM NC 27707 8209304 0 X WWW.HVCC.ORG X 1926 NC HOPE VALLEY COUNTRY CLUB IS A SINGLE LOCATION COUNTRY CLUB WHICH PROVIDES DINING, TENNIS, GOLF, AND OTHER SOCIAL RECREATIONAL ACTIVITIES FOR MEMBERS. 12 12 0 0 713480 11384 0 0 6815893 7820258 0 0 73913 104023 6889806 7924281 0 0 0 0 140460 169367 0 0 0 6472279 7247105 6612739 7416472 277067 507809 9762574 10305881 3455239 3490737 6307335 6815144 SOCIAL CLUB PROVIDING RECREATIONAL FACILITIES INCLUDING GOLF, TENNIS, SWIMMING, DINING, AND OTHER RECREATIONAL ACTIVITIES. 0 0 PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH GOLF OPERATIONS, DINING, TENNIS, AND SWIMMING FACILITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 76 0 1 0 1 1 0 0 0 0 1290225 650128 0 0 0 X 12 12 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X AMY WILLY 6788983768 3803 DOVER RD DURHAM NC 27707 X WALKER HARRIS PRESIDENT 1.00 X X 0 0 0 PAULINE DUENSING FINANCE COMM CHAIR 0.50 X X 0 0 0 HADLEY NIXON FINANCE COMM CHAIR 0.50 X X 0 0 0 SARA POTTENGER DIRECTOR 0.50 X 0 0 0 TOM HEWITT DIRECTOR 0.50 X 0 0 0 BRYSON POWELL DIRECTOR 0.50 X 0 0 0 DICK HAWKINS DIRECTOR 0.50 X 0 0 0 WALKER HARRIS DIRECTOR 0.50 X 0 0 0 VIRGINIA DIRSCHL DIRECTOR 0.50 X 0 0 0 ALLEN SMITH DIRECTOR 0.50 X 0 0 0 JIM WARNER DIRECTOR 0.50 X 0 0 0 BENNET WATERS DIRECTOR 0.50 X 0 0 0 EMZI WEWERS GENERAL MANAGER 40.00 X 0 0 0 0 0 0 0 0 0 0 BOBBY JONES LINKS 6716 JAMESTOWN DRIVE ALPHARETTA GA 30005 MANAGEMENT 170477 SWIM CLUB MANAGEMENT GROUP LLC 9800 W KINCEY AVE SUITE 135 HUNTERSVILLE NC 28078 POOL MANAGEMENT 147800 2 MEMBERSHIP DUES & FEES 713910 4841377 4841377 FOOD AND BEVERAGE REVE 713910 2249099 1683199 565900 GOLF REVENUE 713910 409076 266430 142646 RACQUET SPORTS, SWIMMI 713910 281697 276763 4934 LOCKER ROOM FEES 713910 39009 39009 7820258 389046 285023 104023 104023 7924281 7210801 713480 0 X 169367 170477 41690 3353838 170859 84140 1125438 15372 85566 707297 109931 FOOD AND BEVERAGE COSTS 732095 GOLF LESSON AND TOURNAM 231869 SUPPLIES 180688 MEMBERSHIP ACTIVITIES 45544 192301 7416472 2479575 2896031 795150 853687 125485 176475 68688 212264 21320580 15211665 6293676 6108915 0 58509 9762574 10305881 244208 355447 378330 375641 2513557 2213557 319144 546092 3455239 3490737 X 6307335 6815144 6307335 6815144 9762574 10305881 507809 0 X 0 1 X 1 0 493327 493327 12519369 9231401 3287968 1967607 1450853 516754 6340277 4529411 1810866 6108915 OBLIGATIONS UNDER CAPITAL LEASE 546092 546092 X 8209304 0 8209304 -285023 -285023 7924281 7701495 285023 285023 7416472 0 7416472 PART X, LINE 2: THE CLUB IS CLASSIFIED AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE CLUB IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE CLUB. THE CLUB ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE CLUB BELIEVES THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE CLUB HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED IT HAD NO MATERIAL, UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF INVENTORY SALES SHOWN NET OF REVENUE ON FORM 990 -285,023. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY SALES SHOWN NET OF REVENUE ON FORM 990 285,023. FORM 990, PART VI, SECTION A, LINE 3 DURING 2022, THE CLUB ENGAGED BOBBY JONES LINKS TO PROVIDE MANAGEMENT SERVICES TO THE ORGANIZATION. BOBBY JONES LINKS HAS THE FULL AUTHORITY AND RESPONSIBILITY TO CONDUCT, SUPERVISE, AND MANAGE THE DAY-TO-DAY OPERATION OF THE CLUB'S FACILITIES INCLUDING, BUT NOT LIMITED TO, THE FOLLOWING: (1) SUPERVISE MANAGEMENT OF PLAY AND GENERAL OPERATION OF THE CLUB, INCLUDING THE ESTABLISHMENT OF ALL FEES CONSISTENT WITH THE ANNUAL PLAN AND BUDGET. (2) ASSUME THE RESPONSIBILITY OF THE HIRING, DISCIPLINING AND TERMINATING OF ALL CLUB PERSONNEL. (3) RECOMMEND AND ESTABLISH THE SCHEDULE OF ALL PRICES AND FEES FOR PRODUCTS AND SERVICES SOLD AT THE CLUB WITH ITS APPROVAL. (4) WORK WITH THE PUBLIC RELATIONS AND MARKETING STAFF OF THE CLUB TO BRING ABOUT THE BEST POSSIBLE PUBLICITY FOR THE CLUB. THE FOLLOWING INDIVIDUAL WAS EMPLOYED BY BOBBY JONES LINKS DURING 2022 AND CONSIDERED AN OFFICER OF THE CLUB. THE TOTAL COMPENSATION OF THIS INDIVIDUAL IS LISTED BELOW. OFFICERS: EMZI WEWERS - GENERAL MANAGER: $169,367 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS A SINGLE CLASS OF VOTING MEMBERS REGARDLESS OF MEMBERSHIP CATEGORY TO WHICH THEY BELONG. CLASSES OF MEMBERSHIP INCLUDE: FULL FAMILY, FULL SINGLE, TENNIS, SOCIAL, JUNIOR, NON-RESIDENT, AND CORPORATE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD ARE ELECTED EVERY OTHER YEAR BY THE MEMBERS OF THE CLUB. EACH MEMBER OF THE CLUB AND THEIR SIGNIFICANT OTHERS ARE PERMITTED TO VOTE AND HAVE ONE VOTE EACH. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS OF REVIEWING THE FORM 990 IS AS FOLLOWS. AT THE TIME OF FILING, THE FORM IS REVIEWED BY THE FINANCE COMMITTEE AND THE GENERAL MANAGER. IT IS ALSO REVIEWED BY AN OUTSIDE ACCOUNTING FIRM. AFTER THE FORM IS COMPLETED AND FILED, A BOUND COPY IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM. THIS DOCUMENT IS THEN AVAILABLE FOR ADDITIONAL REVIEW BY THE FINANCE COMMITTEE AND BOARD OF GOVERNORS. FORM 990, 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. FORM 990, 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 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO ALL MEMBERS. THEY MAY COME TO THE CLUB AND REVIEW THE STATEMENTS, OR HAVE A COPY UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICES 82,924. PAYROLL FEES 25,159. REFERRAL CREDITS AND COMMISSIONS 102,774. REIMBURSED PERSONNEL COSTS 3,142,981.