2021-03-16T07:18:36-05:00 2020-09-30 BDO USA LLP 150 Boush Street Suite 1100 Norfolk VA 23510 990 2019-10-01 540346990 Princess Anne Country Club % THE CLUB PRIN 7574284141 3800 Pacific Avenue Virginia Beach VA 23451 WILLIAM S SHONK CCM General Manager 7574284141 2021-03-15 true James E Prince III P00559346 7576407190 2021-03-15 2019 2022-09-23 18:48:47Z WILLIAM S SHONK CCM 3800 Pacific Avenue VIRGINIA BEACH VA 23451 9824339 false X WWW.PRINCESSANNECC.COM X 1916 VA NONPROFIT SOCIAL AND RECREATIONAL ACTIVITIES 16 16 312 41418 0 0 7233187 7113248 -7644 -120105 1510746 1545882 8736289 8539025 0 0 0 0 4228852 4047826 0 0 0 4148479 4183518 8377331 8231344 358958 307681 20372142 21457177 8764960 9542314 11607182 11914863 TO OFFER QUALITY SOCIAL AND ATHLETIC SERVICES AND FIRST RATE FACILITIES TO MEET THE NEEDS OF MEMBERS AND THEIR FAMILIES IN A COMFORTABLE ATMOSPHERE AND HOME-AWAY-FROM-HOME ENVIRONMENT,CONSISTENT WITH THE LONG-STANDING VALUES, TRADITIONS, HISTORY, AND UNIQUE CULTURE OF THE CLUB. false false N/A false false false false true 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 false false false false true 35 0 true 312 true true true false false false false 492277 34386 false X 16 16 false false false false true true true true true false false false true true true true true true true false X X THE CLUB 7574284141 3800 PACIFIC AVENUE VIRGINIA BEACH VA 23451 JOHN FRASER TENNIS PRO 50.0 0.0 X 204376 0 18301 WILLIAM SHONK GENERAL MANAGER 60.0 0.0 X 183909 0 20221 MATTHEW BOYCE Golf Course Superintendent 40.0 0.0 X 127907 0 3837 PATRICK L SHULER TREASURER 2.0 0.0 X X 5268 0 0 CHRISTOPHER FANNEY PRESIDENT 1.0 0.0 X X 5268 0 0 LESLIE R WATSON ESQ SECRETARY 1.0 0.0 X X 0 0 0 SUSAN PENDER VICE PRESIDENT 1.0 0.0 X X 0 0 0 MIKE COWAN BOARD MEMBER 0.5 0.0 X 0 0 0 ANNE HARVARD HOOPER BOARD MEMBER 0.5 0.0 X 0 0 0 BEKKI JUCKSCH BOARD MEMBER 0.5 0.0 X 0 0 0 JOHN MAZACH BOARD MEMBER 0.5 0.0 X 0 0 0 JOSHUA PARNELL BOARD MEMBER 0.5 0.0 X 0 0 0 JOHN PERRY BOARD MEMBER 0.5 0.0 X 0 0 0 CHRISTOPHER PERRY BOARD MEMBER 0.5 0.0 X 0 0 0 CHRISTOPHER PRIDGEN BOARD MEMBER 0.5 0.0 X 0 0 0 BARBARA SESSOMS BOARD MEMBER 0.5 0.0 X 0 0 0 MONICA STEIN BOARD MEMBER 0.5 0.0 X 0 0 0 ROGER STROUD BOARD MEMBER 0.5 0.0 X 0 0 0 JOHN WILSON BOARD MEMBER 0.5 0.0 X 0 0 0 526728 0 42359 3 false true false none 0 0 MEMBER DUES 713940 4127597 4127597 GOLF SHOP/COURSE 713910 1027507 1023256 4251 ASSESSMENT INCOME 713910 1024044 1024044 MEMBER JOINING FEES 713910 492277 492277 ATHLETICS 713910 225082 225069 13 216741 182964 33777 7113248 0 0 0 0 0 0 6385 126490 -120105 -120105 -120105 0 0 0 0 0 0 2138499 1158824 979675 3377 976298 INTEREST FROM MEMBERS 713910 2301 2301 ERC CREDIT INCOME 563906 563906 566207 8539025 7077508 41418 1420099 0 0 0 0 0 0 3446030 63456 246377 291963 0 5940 45414 0 0 0 18548 10389 13743 14411 0 353021 6330 0 0 346350 0 1342583 242328 SUPPLIES 530899 EQUIPMENT REPAIR & MAINTENANCE 391046 TAXES AND LICENSES 247174 MEMBER ENTERTAINMENT 159442 455900 8231344 670860 1461385 0 0 0 563906 828985 787717 0 0 0 0 0 0 147694 156649 45898 90375 34815292 16827698 18307718 17987594 0 0 0 0 0 0 0 0 370987 409551 20372142 21457177 803479 1068396 0 0 133328 109834 0 0 0 0 0 0 7550538 7009709 0 0 277615 1354375 8764960 9542314 X 11607182 11914863 0 0 11607182 11914863 20372142 21457177 307681 X false true X true false X X 1 false 2608149 2608149 0 15656380 7350117 8306263 9265963 4806333 4459630 3650284 2568890 1081394 3634516 2102358 1532158 17987594 0 FAMILY TO FAMILY 11675 DEFERRED MEMBER JOINING FEES - 235882 CAPITAL LEASE PAYABLE 30004 CONSTRUCTION LINE OF CREDIT 800000 CURRENT PORTION OF LONGTERM NOTES PAYABLE 276814 1354375 PART X, LINE 2 The Club is an organization described in Sections 501(c)(7) of the Internal Revenue Code and is exempt from federal and state income taxes. Exempt organizations are subject to tax on income from regularly conducted trade or business activities that are not substantially related to the organizations exempt purpose. Tax returns are generally subject to examinations for three years from the date filed. This period of limitations has expired for returns filed for tax years 2015 and earlier. Management continually evaluates tax positions reflected in the Clubs tax filings and does not believe that any material uncertain tax positions exist. X true true X X false false false WILLIAM SHONK GENERAL MANAGER 183909 5517 14704 204130 JOHN FRASER TENNIS PRO 204376 1228 17073 222677 FORM 990, PART VI SECTION A, LINE 6 THE PRINCESS ANNE COUNTRY CLUB IS AN EXCLUSIVE CLUB AVAILABLE FOR USE ONLY BY MEMBERS AND THEIR GUESTS. POTENTIAL MEMBERS MUST BE RECOMMENDED TO THE BOARD OF DIRECTORS BY CURRENT VOTING MEMBERS AND APPROVED BY THE BOARD IN ORDER TO BECOME A NEW MEMBER. FORM 990, PART VI, SECTION A, LINE 7A REGULAR MEMBERS OF THE CLUB (NOT ASSOCIATE MEMBERS) HAVE VOTING RIGHTS. REGULAR MEMBERS MAY PARTICIPATE IN VOTES BY THE BOARD OF DIRECTORS, INCLUDING VOTES FOR MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B REGULAR MEMBERS OF THE CLUB (NOT ASSOCIATE MEMBERS) HAVE VOTING RIGHTS. REGULAR MEMBERS MAY PARTICIPATE IN VOTES BY THE BOARD OF DIRECTORS, AND IN ESSENCE, APPROVE OR DISAPPROVE DECISIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11b FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE, THE GENERAL MANAGER, THE CONTROLLER, AND THE CLUB TREASURER FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15b THE BOARD OF DIRECTORS USES INDUSTRY STANDARDS MIXED WITH EMPLOYEE PERFORMANCE TO DETERMINE COMPENSATION FOR THE GENERAL MANAGER. THE GENERAL MANAGER ALONG WITH THE BOARD OF DIRECTORS USE INDUSTRY STANDARDS AS WELL AS EMPLOYEE PERFORMANCE IN DETERMINING COMPENSATION FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE 990 WILL BE AVAILABLE THROUGH GUIDESTAR'S WEBSITE. HARD COPIES WILL BE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS ONLY BY REQUEST. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE PRINCESS ANNE COUNTRY CLUB FOR ITS DIRECTORS TO ADHERE TO THE GENERAL STANDARDS OF CONDUCT SET FORTH IN VA CODE SECTION 13.1-690 AND 13.1-691. FORM 990, PART XI, LINE 9 NET INCREASE IN FAIR MARKET VALUE OF INTEREST RATE SWAP AGREEMENT