2016-12-13T15:17:42-06:00 2016-09-30 McPhillips Roberts & Deans PLC 150 Boush Street Suite 1100 Norfolk VA 23510 990 2015-10-01 540346990 PRINCESS ANNE COUNTRY CLUB % THE CLUB PRIN 7574284141 3800 PACIFIC AVENUE VIRGINIA BEACH VA 23451 WILLIAM S SHONK CCM General Manager 7574284141 2016-12-07 true James E Prince III P00559346 7576407190 2015 2017-02-10 21:41:12Z WILLIAM S SHONK CCM 3800 PACIFIC AVENUE VIRGINIA BEACH VA 23451 8871376 false X WWW.PRINCESSANNECC.COM X 1916 VA NONPROFIT SOCIAL AND RECREATIONAL ACTIVITIES 16 16 293 34176 0 0 6317620 6721861 1800 -6072 1269129 1123686 7588549 7839475 0 0 0 0 3747278 3786852 0 0 0 3903679 4227693 7650957 8014545 -62408 -175070 20835713 20557439 10173886 9868362 10661827 10689077 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 35 0 true 293 true true true false false false false 427636 25557 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 5124 0 0 CHRISTOPHER J FANNEY BOARD MEMBER 0.5 0.0 X 0 0 0 TROY A HESELIUS BOARD MEMBER 0.5 0.0 X 0 0 0 THOMAS HYMAN JR BOARD MEMBER 0.5 0.0 X 0 0 0 STOCKTON TYLER WATSON BOARD MEMBER 0.5 0.0 X 0 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 0.0 0.5 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 5124 0 0 WILLIAM S SHONK CCM GENERAL MANAGER 60.0 0.0 X 185371 0 12045 MATT BOYCE GOLF COURSE SUPERINTENDANT 40.0 0.0 X 117921 0 3538 JOHN FRASER TENNIS PRO 50.0 0.0 X 257200 0 21228 570740 0 36811 3 false true false none 0 X 0 MEMBER DUES 713940 4002051 4002051 GOLF SHOP/COURSE 713910 942171 923051 19120 ASSESSMENT INCOME 713910 785857 785857 MEMBER JOINING FEES 713910 427636 427636 ATHLETICS 713910 197022 197022 367124 365957 1167 6721861 0 0 0 0 0 0 2250 8322 -6072 -6072 -6072 0 0 2147007 1023579 1123428 1109539 13889 INTEREST FROM MEMBERS 713910 258 258 258 7839475 7811371 34176 -6072 X 0 0 0 0 189200 0 3041262 64794 199407 292189 0 4737 21200 0 0 3977 32285 12948 21600 24008 0 407913 5554 0 0 484935 0 1009940 218153 SUPPLIES 431591 EQUIPMENT REPAIR & MAINTENANCE 413027 TAXES AND LICENSES 170396 MEMBER ENTERTAINMENT 154194 811235 8014545 X 530887 736402 0 0 0 0 743697 747620 0 0 0 0 0 0 105299 218835 108401 59549 31296513 12906735 18939664 18389778 0 0 0 0 0 0 0 0 407765 405255 20835713 20557439 661981 836343 0 0 136264 139601 0 0 0 0 0 0 8311455 7907605 0 0 1064186 984813 10173886 9868362 X 10661827 10689077 0 0 0 0 10661827 10689077 20835713 20557439 X -175070 202320 X false true true false 2207649 2207649 15142576 5671189 9471387 8508952 3499572 5009380 2843319 1971484 871835 2594017 1764490 829527 18389778 0 INTEREST RATE SWAP 527992 DEFERRED MEMBER JOINING FEES - 312553 CAPITAL LEASE PAYABLE 144268 984813 X 9065374 202320 1023579 1225899 7839475 7839475 9038124 1023579 1023579 8014545 8014545 PART XI, LINE 2D - OTHER COST OF GOODS SOLD REPORTED ON PART XI LINE 2D $1,023,579 PART XII, LINE 2D - OTHER COST OF GOODS SOLD REPORTED ON PART XII LINE 2D $1,023,579 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 168171 0 17200 0 0 0 5561 0 6484 0 197416 0 0 0 JOHN FRASER TENNIS PRO 257200 0 0 0 0 0 1226 0 20002 0 278428 0 0 0 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 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TOURNAMENT EXPENSE TOTAL EXPENSES:124613 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE TOTAL EXPENSES:7665 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PRINTING TOTAL EXPENSES:35723 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:EMPLOYEE MEALS TOTAL EXPENSES:65539 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:UNIFORMS TOTAL EXPENSES:31146 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DECORATIONS TOTAL EXPENSES:48243 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TRASH REMOVAL TOTAL EXPENSES:56413 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:59267 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SECURITY TOTAL EXPENSES:5216 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:LAUNDRY TOTAL EXPENSES:54808 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:COMMITTE EXPENSE TOTAL EXPENSES:20322 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BANQUET EXPENSE TOTAL EXPENSES:23225 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DUES AND SUBSCRIPTIONS TOTAL EXPENSES:57171 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CENTENNIAL EVENT TOTAL EXPENSES:215319 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CLEANING TOTAL EXPENSES:4298 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBTS TOTAL EXPENSES:2267