2016-01-21T09:29:45-06:00 2015-09-30 McPhillips Roberts & Deans PLC 150 Boush Street Suite 1100 Norfolk VA 23510 990 2014-10-01 540346990 PRINCESS ANNE COUNTRY CLUB % THE CLUB PRIN 7574284141 3800 PACIFIC AVENUE VIRGINIA BEACH VA 23451 WILLIAM S SHONK CCM GENERAL MANAGER 7574284141 2016-01-20 true James E Prince III P00559346 7576407190 2014 2016-04-25 22:37:26Z WILLIAM S SHONK CCM 3800 PACIFIC AVENUE VIRGINIA BEACH VA 23451 8622397 false X WWW.PRINCESSANNECC.COM X 1916 VA NONPROFIT SOCIAL AND RECREATIONAL ACTIVITIES 16 16 272 58799 0 0 6018677 6317620 0 1800 1338746 1269129 7357423 7588549 0 0 0 0 3645923 3747278 0 0 0 3883522 3903679 7529445 7650957 -172022 -62408 21412940 20835713 10642208 10173886 10770732 10661827 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 false 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 37 0 true 272 true true true false false false false 423074 57423 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 NORFOLK VA 23451 LESLIE R WATSON ESQ SECRETARY 1.0 0.0 X X 0 0 0 ROBERT M WARREN JR TREASURER 2.0 0.0 X X 4908 0 0 GARY J BECK PRESIDENT 2.0 0.0 X X 4908 0 0 ROBERT H BARTON BOARD MEMBER 0.5 0.0 X 0 0 0 ELIZABETH A LONG BOARD MEMBER 0.5 0.0 X 0 0 0 SAMUEL E STEINGOLD BOARD MEMBER 0.5 0.0 X 0 0 0 CATHERINE MORGAN STOCKWELL BOARD MEMBER 0.5 0.0 X 0 0 0 JOHN THOMAS STANDING VICE PRESIDENT 1.0 0.0 X X 0 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 WILLIAM S SHONK CCM GENERAL MANAGER 60.0 0.0 X 186321 0 11784 MATT BOYCE GOLF COURSE SUPERINTENDANT 40.0 0.0 X 116754 0 3503 JOHN FRASER TENNIS PRO 50.0 0.0 X 261104 0 20381 573995 0 35668 3 false true false none 0 X 0 MEMBER DUES 713940 3787744 3787744 GOLF SHOP/COURSE 713910 922371 896581 25790 ASSESSMENT INCOME 713910 776205 776205 MEMBER JOINING FEES 713910 423074 423074 ATHLETICS 713910 138897 138897 269329 267974 1355 6317620 0 0 0 0 0 0 2600 800 1800 1800 0 0 2301979 1033048 1268931 1237277 31654 INTEREST FROM MEMBERS 713910 198 198 198 7588549 7527950 58799 0 0 0 0 189200 0 2946821 70523 242075 298659 0 8397 20700 0 0 7202 44883 7129 23657 32339 0 414907 7137 0 0 507804 0 1017541 193665 SUPPLIES 393762 EQUIPMENT REPAIR & MAINTENANCE 324734 TAXES AND LICENSES 169357 MEMBER ENTERTAINMENT 168826 561639 7650957 X 233821 530887 0 0 0 0 777083 743697 0 0 0 0 0 0 102101 105299 168239 108401 30911905 11972241 19679909 18939664 0 0 0 0 0 0 0 0 451787 407765 21412940 20835713 596720 661981 0 0 147330 136264 0 0 0 0 0 0 8818571 8311455 0 0 1079587 1064186 10642208 10173886 X 10770732 10661827 0 0 0 0 10770732 10661827 21412940 20835713 X -62408 -46497 X false true X true false 2207649 2207649 15105020 5247789 9857231 8450611 3194912 5255699 2795718 1837427 958291 2352907 1692113 660794 18939664 0 INTEREST RATE SWAP 730312 DEFERRED MEMBER JOINING FEES - LT 333874 1064186 8575100 -46497 1033048 986551 7588549 7588549 8684005 1033048 1033048 7650957 7650957 PART XI, LINE 2D - OTHER COST OF GOODS SOLD REPORTED ON PART XI LINE 2D $1,033,048 PART XII, LINE 2D - OTHER COST OF GOODS SOLD REPORTED ON PART XII LINE 2D $1,033,048 X true true X X false false false WILLIAM S SHONK CCM GENERAL MANAGER 169121 0 17200 0 0 0 5590 0 6194 0 198105 0 0 0 JOHN FRASER TENNIS PRO 261104 0 0 0 0 0 1274 0 19107 0 281485 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. OTHER CHANGES IN FUND BALANCE NET INCREASE IN FAIR MARKET VALUE OF INTEREST RATE SWAP AGREEMENT