PRINCESS ANNE COUNTRY CLUB INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PRINCESS ANNE COUNTRY CLUB INC (EIN 54-0346990)
Tax period: 2011-10-01 to 2012-09-30
Filed: 2013-02-13
IRS object ID: 201320449349300887
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-13T13:14:35-06:00	Timestamp
Tax Period End Date	2012-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MCPHILLIPS ROBERTS & DEANS PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	150 BOUSH STREET SUITE 1100	AddressLine1
City	NORFOLK	City
State	VA	State
ZIP Code	23510	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-10-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	540346990	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PRINCESS ANNE COUNTRY CLUB	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% THE CLUB	InCareOfName
Name Control	PRIN	NameControl
Phone	7574284141	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3800 PACIFIC AVENUE	AddressLine1
City	VIRGINIA BEACH	City
State	VA	State
ZIP Code	23451	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ROBERT M WARREN JR	Name
Title	TREASURER	Title
Date Signed	2013-02-11	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JAMES E PRINCE III	Name
Phone	7576407190	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ROBERT M WARREN JR	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3800 PACIFIC AVENUE	AddressLine1
City	VIRGINIA BEACH	City
State	VA	State
ZIP Code	23451	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	8033951	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.PRINCESSANNECC.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1916	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	SEE PART III, LINE 1	ActivityOrMissionDescription
Nbr Voting Members Governing Body	16	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	16	NbrIndependentVotingMembers
Total Nbr Employees	251	TotalNbrEmployees
Total Gross UBI	150546	TotalGrossUBI
Contributions Grants Prior Year	8094	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	6374998	ProgramServiceRevenuePriorYear
Program Service Revenue CY	5968381	ProgramServiceRevenueCY
Investment Income Prior Year	0	InvestmentIncomePriorYear
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1193137	OtherRevenuePriorYear
Other Revenue Current Year	1146348	OtherRevenueCurrentYear
Total Revenue Prior Year	7576229	TotalRevenuePriorYear
Total Revenue Current Year	7114729	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	3456460	SalariesEtcPriorYear
Salaries Etc Current Year	3612808	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	3781562	OtherExpensePriorYear
Other Expenses Current Year	3798415	OtherExpensesCurrentYear
Total Expenses Prior Year	7238022	TotalExpensesPriorYear
Total Expenses Current Year	7411223	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	338207	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-296494	RevenuesLessExpensesCY
Total Assets BOY	23476332	TotalAssetsBOY
Total Assets EOY	22674507	TotalAssetsEOY
Total Liabilities BOY	12744876	TotalLiabilitiesBOY
Total Liabilities EOY	12463642	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	10731456	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	10210865	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	N/A	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	33	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	251	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Initiation Fees	$330,015	InitiationFeesAmount
Gross Receipts	$169,209	GrossReceiptsAmount
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	16	NbrVotingGoverningBodyMembers
Number Independent Voting Members	16	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	THE CLUB	NamePerson
Telephone Number	7574284141	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3800 PACIFIC AVENUE	AddressLine1
City	NORFOLK	City
State	VA	State
ZIP Code	23451	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (19 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
JOHN L GIBSON III
PRESIDENT	1.0	X	X	0	0	0
LESLIE R WATSON ESQ
SECRETARY	1.0	X	X	0	0	0
ROBERT M WARREN JR
TREASURER	1.0	X	X	0	0	0
THOMAS R EDWARDS
BOARD MEMBER	0.5	X		0	0	0
PATRICK L SHULER
BOARD MEMBER	0.5	X		0	0	0
JONATHAN L THORNTON
BOARD MEMBER	0.5	X		0	0	0
JOHN W WILSON
BOARD MEMBER	0.5	X		0	0	0
BRUCE A BERLIN
BOARD MEMBER	0.5	X		0	0	0
KENNETH M JONES
BOARD MEMBER	0.5	X		0	0	0
JEFFREY L MARKS ESQ
BOARD MEMBER	0.5	X		0	0	0
JENNIFER DRAGAS STEDFAST
BOARD MEMBER	0.5	X		0	0	0
ANDREW J DOWNING
BOARD MEMBER	0.5	X		0	0	0
ELLEN O KEETER
BOARD MEMBER	0.5	X		0	0	0
RICK O'PRY
BOARD MEMBER	0.5	X		0	0	0
B GRAY RANDOLPH
BOARD MEMBER	0.5	X		0	0	0
GARY J BECK
VICE PRESIDENT	1.0	X	X	0	0	0
WILLIAM S SHONK CCM
GENERAL MANAGER	60.0			180000	0	9794	X
MATT BOYCE
GOLF COURSE SUPERINTENDANT	40.0			127761	0	3832	X
JOHN FRASER
TENNIS PRO	40.0			197446	0	1760	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	505207	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	15386	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
MEMBER DUES	713910	3405391	3405391
GOLF SHOP/COURSE	713910	962147	911064	51083
ASSESSMENT INCOME	713910	805549	805549
INITIATION FEES	713910	330015	330015
TENNIS	713910	141172	137882	3290

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	324107	TotalRevenueColumn
Related Or Exempt Function Income	324087	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	20	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Total Program Service Revenue	5968381	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	2064981	GrossSalesOfInventory
Cost Of Goods Sold	919222	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	1145759	TotalRevenueColumn
Related Or Exempt Function Income	1049606	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	96153	UnrelatedBusinessRevenue

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	INTEREST FROM MEMBERS	Description
Business Code	713910	BusinessCode
Total Revenue Column	589	TotalRevenueColumn
Related Or Exempt Function Income	589	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	589	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	7114729	TotalRevenueColumn
Related Or Exempt Function Income	6964183	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	150546	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	200491	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	2822499	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	62901	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	233044	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	293873	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	62886	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	12495	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	18374	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	382423	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	9218	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	576330	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1079675	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	164195	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
SUPPLIES	370776
EQUIPMENT REPAIR & MAINTENANCE	273788
TAXES AND LICENSES	192139
MEMBER ENTERTAINMENT	146438

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	509678	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	7411223	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	832011	BOY
EOY	958394	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	7092	BOY
EOY	7092	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	690873	BOY
EOY	660263	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	88729	BOY
EOY	88059	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	79288	BOY
EOY	77082	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	30072718	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	9677724	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	21165353	BOY
EOY	20394994	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	612986	BOY
EOY	488623	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	23476332	BOY
EOY	22674507	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	556449	BOY
EOY	597571	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	148599	BOY
EOY	188201	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	10215472	BOY
EOY	9768855	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1824356	BOY
EOY	1909015	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	12744876	BOY
EOY	12463642	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	10724364	BOY
EOY	10203773	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	7092	BOY
EOY	7092	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	10731456	BOY
EOY	10210865	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	23476332	BOY
EOY	22674507	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-296494	ReconcilationRevenueExpenses
Reconcilation Other Changes	-224097	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts
Current Year Minus3 Years		CurrentYearMinus3Years

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	2207649	InvestmentCostOrOtherBasis
Book Value	2207649	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	14737731	InvestmentCostOrOtherBasis
Depreciation	3975180	Depreciation
Book Value	10762551	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	7852694	InvestmentCostOrOtherBasis
Depreciation	2302431	Depreciation
Book Value	5550263	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	4599068	InvestmentCostOrOtherBasis
Depreciation	2987699	Depreciation
Book Value	1611369	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	675576	InvestmentCostOrOtherBasis
Depreciation	412414	Depreciation
Book Value	263162	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	20394994	TotalOfBookValueLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
INTEREST RATE SWAP	$1,443,490
ASSESSMENTS - NONCURRENT	$154,217
INITIATION FEES - NONCURRENT	$311,308

Field	Value	IRS element (for citing)
Total Of Amounts	1909015	TotalOfAmounts
Total Revenue	7114729	TotalRevenue
Total Expenses	7411223	TotalExpenses
Excess Or Deficit For Year	-296494	ExcessOrDeficitForYear
Other	-$224,097	OtherAmount
Total Adjustments	-224097	TotalAdjustments
Excess Or Deficit Per FS	-520591	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	8033951	TotRevenueEtcAuditedFinclStmt
Other Revenues	919222	OtherRevenues
Revenue Not Rptd F990	919222	RevenueNotRptdF990
Revenue Subtotal	7114729	RevenueSubtotal
Total Revenue Per Form990	7114729	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	8554542	TotExpensesEtcAuditedFinclStmt
Losses Reported	224097	LossesReported
Other Expenses Included	919222	OtherExpensesIncluded
Expenses Not Rptd F990	1143319	ExpensesNotRptdF990
Expenses Subtotal	7411223	ExpensesSubtotal
Total Expenses Per Form990	7411223	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	ExplanationExplanation
PART XI, LINE 8 - OTHER ADJUSTMENTS	UNREALIZED LOSS ON DERIVATIVE FINANCIAL INSTRUMENT $224,097
PART XII, LINE 2D - OTHER ADJUSTMENTS	COST OF GOODS SOLD $919,222 REPORTED ON PART VIII LINE 10B FORM 990
PART XIII, LINE 2D - OTHER ADJUSTMENTS	COST OF GOODS SOLD $919,222 REPORTED ON PART VIII LINE 10B FORM 990

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	X	WrittenEmploymentContract
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
WILLIAM S SHONK CCM
160000	0	20000	0	0	0	5400	0	4394	0	189794	0	0	0
JOHN FRASER
197446	0	0	0	0	0	1760	0	0	0	199206	0	0	0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	ExplanationExplanation
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 A, 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.