2020-02-25T08:27:01-06:00 2019-09-30 BDO USA LLP 150 Boush Street Suite 1100 Norfolk VA 23510 990 2018-10-01 540346990 Princess Anne Country Club % THE CLUB PRIN 7574284141 3800 Pacific Avenue Virginia Beach VA 23451 WILLIAM S SHONK CCM General Manager 7574284141 2020-02-10 true James E Prince III P00559346 7576407190 2020-02-15 4.30.229.250 54222620200565000033 2020-02-25 P 90751BC4A93D561F879D5FC43733F3D09DBE06C4 D23126057E0BB5B058175088DCC5DF14C94113CF 2018 2020-09-23 17:36:50Z WILLIAM S SHONK CCM 3800 Pacific Avenue Virginia Beach VA 23451 9817192 false X WWW.PRINCESSANNECC.COM X 1916 VA NONPROFIT SOCIAL AND RECREATIONAL ACTIVITIES 16 16 319 42758 0 0 6791722 7233187 9023 -7644 1338062 1510746 8138807 8736289 0 0 0 0 4060703 4228852 0 0 0 4213306 4148479 8274009 8377331 -135202 358958 19846768 20372142 8598544 8764960 11248224 11607182 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 52 0 true 319 true true true false false false false 424922 543 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 LESLIE R WATSON ESQ SECRETARY 1.0 0.0 X X 0 0 0 PATRICK L SHULER TREASURER 2.0 0.0 X X 5213 0 0 CHRISTOPHER FANNEY PRESIDENT 1.0 0.0 X X 878 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 MEMBERS 0.5 0.0 X 0 0 0 JOHN WILSON BOARD MEMBER 0.5 0.0 X 0 0 0 JONATHAN THORNTON BOARD MEMBER 0.5 0.0 X 4335 0 0 WILLIAM S SHONK CCM GENERAL MANAGER 60.0 0.0 X 166021 0 18404 MATTHEW BOYCE GOLF COURSE SUPERINTENDANT 40.0 0.0 X 127862 0 3836 JOHN FRASER TENNIS PRO 50.0 0.0 X 193833 0 16725 MATTHEW LIEBLER GOLF PRO 50.0 0.0 X 84663 0 18031 582805 0 56996 3 false true false none 0 0 MEMBER DUES 713940 4153438 4153438 GOLF SHOP/COURSE 713910 1034847 1025211 9636 ASSESSMENT INCOME 713910 1030472 1030472 MEMBER JOINING FEES 713910 424922 424922 ATHLETICS 713910 299305 299007 298 290203 257680 32523 7233187 0 0 0 0 0 0 5136 12780 -7644 -7644 -7644 0 0 0 0 0 0 2577186 1068123 1509063 301 1508762 INTEREST FROM MEMBERS 713910 1683 1683 1683 8736289 7192413 42758 1501118 0 0 0 0 178880 0 3467158 41207 218847 322760 0 10710 28960 0 0 0 32251 18164 21163 13690 0 399554 8956 0 0 340135 0 1142517 224079 SUPPLIES 478423 EQUIPMENT REPAIR & MAINTENANCE 435752 TAXES AND LICENSES 204306 MEMBER ENTERTAINMENT 186503 603316 8377331 1350434 670860 0 0 0 0 839423 828985 0 0 0 0 0 0 123311 147694 43739 45898 34091668 15783950 17133119 18307718 0 0 0 0 0 0 0 0 356742 370987 19846768 20372142 781746 803479 0 0 162754 133328 0 0 0 0 0 0 7339615 7550538 0 0 314429 277615 8598544 8764960 X 11248224 11607182 0 0 0 0 11248224 11607182 19846768 20372142 358958 X false true X true false X X 1 false 2608149 2608149 15464881 6946207 8518674 8714947 4447932 4267015 3400233 2479879 920354 3903458 1909932 1993526 18307718 0 DEFERRED MEMBER JOINING FEES - 61020 CAPITAL LEASE PAYABLE 216595 277615 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 2012 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 S SHONK CCM GENERAL MANAGER 166021 4981 13423 184425 JOHN FRASER TENNIS PRO 193833 1234 15491 210558 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 11a 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