PARI501(c)(7) · MEDIUMNAICS 713910EIN 54-0346990

Princess Anne Country Club Inc

Virginia Bch, VA · founded 1945
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$11.97M
▲ 8.1% YoY
FY23 Total Expenses
$11.80M
▲ 12.1% YoY
Operating Margin
1.3%
revenue minus expenses ÷ revenue
Employees
421
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$12.0M
▲ 37.0% / 5y
8.711.111.111.112.0
Expenses
$11.8M
▲ 40.9% / 5y
8.49.09.010.511.8
Total Assets
$27.8M
▲ 36.3% / 5y
20.427.227.227.327.8
Total Liabilities
$13.1M
▲ 49.4% / 5y
8.813.113.112.813.1

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$8.7M$11.1M$11.1M$11.1M$12.0M+37.0%
Expenses$8.4M$9.0M$9.0M$10.5M$11.8M+40.9%
Net surplus$359K$2.1M$2.1M$544K$161K-55.1%
Total assets$20.4M$27.2M$27.2M$27.3M$27.8M+36.3%
Total liabilities$8.8M$13.1M$13.1M$12.8M$13.1M+49.4%
Net assets$11.6M$14.0M$14.0M$14.4M$14.7M+26.3%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
WILLIAM S SHONK
General Manager· 60h/wk
$267,463$23,202
MARTIN BLACK
Head Tennis Professional· 40h/wk
$125,955$9,597
JORDAN SPITLER
Dir., Golf Course Maintenance· 40h/wk
$124,892
RONALD G BENSON
Executive Chef· 40h/wk
$121,154$3,635
JENNIFER GARROT
ASST MANAGER, CLUBHOUSE OPS· 40h/wk
$108,657$18,438
MARDY COLLING
Assistant Club Manager· 40h/wk
$100,844
PAT SHULER
Board Treasurer· 2h/wk
$5,658
SUSAN PENDER
Board President· 1h/wk
$5,658

+ 13 unpaid officers/directors as reported (AMY METZGER, BARBARA SESSOMS, BOBBY BEASLEY III, +10 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
none

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBER DUES$5,398,358
ASSESSMENT INCOME$1,715,980
GOLF SHOP/COURSE$1,423,382
MEMBER JOINING FEES$510,311
ATHLETICS$341,893

PFounded in 1945, Princess Anne Country Club Inc reported $11.97M of revenue for FY23, at an operating margin of 1.3%. Revenue moved up 8.1% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.

Source documents
Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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