2018-02-06T10:36:09-06:00 2017-09-30 BDO USA LLP 150 Boush Street Suite 1100 Norfolk VA 23510 990 2016-10-01 540346990 PRINCESS ANNE COUNTRY CLUB % THE CLUB PRIN 7574284141 3800 PACIFIC AVENUE VIRGINIA BEACH VA 23451 WILLIAM S SHONK CCM General Manager 7574284141 2018-01-26 true James E Prince III P00559346 7576407190 162.249.80.3 54222620180375000000 2018-02-06 P F2E60F836DA1F2017C4FB6DCDEAAF051B15DFAEC 27745B154FC8052976959A067951EB614792E4C1 2016 2021-01-29 14:40:06Z WILLIAM S SHONK CCM 3800 PACIFIC AVENUE VIRGINIA BEACH VA 23451 9187786 false X WWW.PRINCESSANNECC.COM X 1916 VA NONPROFIT SOCIAL AND RECREATIONAL ACTIVITIES 16 16 290 21987 0 0 6721861 6845495 -6072 -20894 1123686 1283525 7839475 8108126 0 0 0 0 3786852 3870330 0 0 0 4227693 4001794 8014545 7872124 -175070 236002 20557439 20297613 9868362 9085952 10689077 11211661 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 false false false false true false false false true true true false 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 47 0 true 290 true true true false false false false 344813 22588 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 JOHN THOMAS STANDING PRESIDENT 1.0 0.0 X X 5808 0 0 THOMAS E BOHAN JR BOARD MEMBER 0.5 0.0 X 0 0 0 ROBERT BRADSHAW BOARD MEMBER 0.5 0.0 X 0 0 0 CECIL V CUTCHINS JR BOARD MEMBER 0.5 0.0 X 0 0 0 ANN P GREGORY NICKLES BOARD MEMBER 0.5 0.0 X 0 0 0 JONATHAN L THORNTON VICE PRESIDENT 0.5 0.0 X X 0 0 0 SHERIDAN Y CONLEY BOARD MEMBER 0.5 0.0 X 0 0 0 T BRADLEY FOSTER BOARD MEMBER 0.5 0.0 X 0 0 0 MICHAEL M MCCABE JR BOARD MEMBER 0.5 0.0 X 0 0 0 TAMMY E ROSS BOARD MEMBER 0.5 0.0 X 0 0 0 PATRICK L SHULER TREASURER 2.0 0.0 X X 5808 0 0 WILLIAM S BRAITHWAITE III BOARD MEMBER 0.5 0.0 X 0 0 0 DAVID C BURTON BOARD MEMBER 0.5 0.0 X 0 0 0 DOUGLAS RUSSELL BOARD MEMBER 0.5 0.0 X 0 0 0 SAMUEL E STEINGOLD BOARD MEMBER 0.5 0.0 X 0 0 0 WILLIAM S SHONK CCM GENERAL MANAGER 60.0 0.0 X 193558 0 12757 MATT BOYCE GOLF COURSE SUPERINTENDANT 40.0 0.0 X 124050 0 3722 JOHN FRASER TENNIS PRO 50.0 0.0 X 284587 0 22678 613811 0 39157 3 false true false none 0 X 0 MEMBER DUES 713940 4146425 4146425 GOLF SHOP/COURSE 713910 1041446 1033201 8245 ASSESSMENT INCOME 713910 794687 794687 MEMBER JOINING FEES 713910 344813 344813 ATHLETICS 713910 251056 250975 81 267068 266611 457 6845495 0 0 0 0 0 0 3710 24604 -20894 -20894 -20894 0 0 0 0 0 0 2338212 1055056 1283156 1269952 13204 INTEREST FROM MEMBERS 713910 369 369 369 8108126 8107033 21987 -20894 X 0 0 0 0 196151 0 3106781 70606 198808 297984 0 6420 23000 0 0 769 28810 7717 19816 14237 0 401355 11399 0 0 456951 0 1033521 209818 SUPPLIES 459723 EQUIPMENT REPAIR & MAINTENANCE 358263 TAXES AND LICENSES 168599 MEMBER ENTERTAINMENT 175183 626213 7872124 X 736402 1247351 0 0 0 0 747620 786031 0 0 0 0 0 0 218835 117845 59549 39083 31638019 13915656 18389778 17722363 0 0 0 0 0 0 0 0 405255 384940 20557439 20297613 836343 821892 0 0 139601 151431 0 0 0 0 0 0 7907605 7480392 0 0 984813 632237 9868362 9085952 X 10689077 11211661 0 0 0 0 10689077 11211661 20557439 20297613 X 236002 286582 X false true X true false 0 2207649 2207649 0 15137347 6085023 9052324 0 8596292 3816108 4780184 0 3099347 2162596 936751 0 2597384 1851929 745455 17722363 0 INTEREST RATE SWAP 241410 DEFERRED MEMBER JOINING FEES - 272764 CAPITAL LEASE PAYABLE 118063 632237 X 9449764 286582 1055056 1341638 8108126 8108126 8927180 1055056 1055056 7872124 7872124 PART XI, LINE 2D - OTHER COST OF GOODS SOLD REPORTED ON PART XI LINE 2D $1,055,056 PART XII, LINE 2D - OTHER COST OF GOODS SOLD REPORTED ON PART XII LINE 2D $1,055,056 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 2013 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 175758 17800 5807 6950 206315 JOHN FRASER TENNIS PRO 284587 1237 21441 307265 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