2025-09-15T11:21:04-05:00 2024-10-31 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2023-11-01 831197109 THE TWINEAGLES CLUB INC TWIN 2393541719 11725 TWINEAGLES BLVD NAPLES FL 34120 TOM LUND TREASURER 2393541735 2025-09-15 1 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2023 2025-03-06 01:10:19Z TOM LUND 11725 TWINEAGLES BLVD NAPLES FL 34120 25024929 0 X WWW.TWINEAGLES.COM X 2018 FL THE TWINEAGLES CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTIONS OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 9 9 275 100 988263 457508 0 0 12039625 12970934 219085 519937 2309169 4690750 14567879 18181621 0 0 0 0 4245797 4628173 0 0 0 8963941 12279351 13209738 16907524 1358141 1274097 75417556 75041559 37511571 35861477 37905985 39180082 THE TWIN EAGLES CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTIONS OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB OPERATES TWO 18-HOLE GOLF COURSES (TOTAL OF 36 HOLES). FOR THE YEAR ENDED 10/31/24, 63,606 ROUNDS OF GOLF WERE PLAYED ON THE COURSES, INCLUDING NON-MEMBER "RECIPROCAL" ROUNDS OF 7,668. THE CLUB MAINTAINS A FOOD AND BEVERAGE OPERATION TO PROMOTE ITS MISSION AND ENCOURAGE SOCIAL INTERACTION AMONG MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 80 0 275 1 1 1 0 0 0 1 1 7343022 803377 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SAMANTHA SHEFFIELD CHAE 2393541735 11725 TWIN EAGLES BLVD NAPLES FL 34120 X JOHN IANNUZZI TREASURER 20.00 X X 0 0 0 ELIZABETH DONOVAN PRESIDENT 20.00 X X 0 0 0 JJ SORRENTI VICE PRESIDENT 20.00 X X 0 0 0 JIM MOWER SECRETARY 20.00 X X 0 0 0 VINCENT ALBERICO DIRECTOR 20.00 X 0 0 0 NANCY BROWN DIRECTOR 20.00 X 0 0 0 RICHARD MCCUSKER DIRECTOR 20.00 X 0 0 0 BARRY MULLEN DIRECTOR 20.00 X 0 0 0 JANET VARTINEN DIRECTOR 20.00 X 0 0 0 KARL BUBLITZ GENERAL MANAGER 40.00 X 369297 0 29693 MICHAEL CHAFFEE ASSISTANT GM/CFO 40.00 X 115551 0 10861 DARREN GAFFORD DIRECTOR OF AGRONOMY 40.00 X 240872 0 34314 KYAW HTET DIRECTOR OF GOLF 40.00 X 132977 0 28649 JAMES HANYZECKI EXECUTIVE CHEF 40.00 X 117498 0 13632 MANIVONE DEANGELO CONTROLLER 40.00 X 105920 0 8647 JENNAH MARTINEZ MEMBERSHIP DIRECTOR 40.00 X 121892 0 31321 IRENA WIGLEY F&B DIRECTOR 40.00 X 129160 0 17641 1333167 0 174758 8 0 1 0 0 MEMBER DUES 713990 10214972 10214972 GREENS & CART FEES 713990 1585596 1558469 27127 GUEST FEES 713990 560081 560081 CLASSES FEES 713990 327685 327685 TRANSFER FEES 713990 154650 154650 127950 127950 12970934 516269 516269 25305 0 25305 25305 25305 7520 3852 3668 3668 3668 3624718 6839456 -3214738 -3099524 -115214 CAPITAL CONTRIBUTIONS 713990 3863022 3863022 INITIATION FEES 713990 3480000 3480000 RESTRICTED CONTRIBUTION - PICKLEB 713990 400000 400000 137161 137161 7880183 18181621 17193358 988263 0 X 572774 3231039 73795 476325 274240 34152 40340 10857 804798 3879452 462266 GOLF COURSE MAINTENANCE 1907808 CHANGE IN FV INTEREST R 1116869 ADMINISTRATIVE AND GENE 1068855 GOLF CARTS, PRO SHOP, L 791060 2162894 16907524 1500 1500 14845154 16832524 2695389 3519244 494647 519817 397406 567829 60807908 9937741 52754429 50870167 3229116 2112247 999915 618231 75417556 75041559 1328161 1361219 36183410 34500258 37511571 35861477 X 37905985 39180082 37905985 39180082 75417556 75041559 1274097 0 X 0 1 X 1 0 12500000 12500000 28323416 3132309 25191107 7251858 2981141 4270717 12732634 3824291 8908343 50870167 DEFERRED DUES 10582262 NON-CURRENT CONSTRUCTION LOAN 20782313 CURRENT CONSTRUCTION LOAN 2520525 CURRENT OPERATING LEASE OBLIGATIONS 20758 CURRENT FINANCE LEASE OBLIGATIONS 247947 NON-CURRENT OPERATING LEASE OBLIGATIONS 9461 NON-CURRENT FINANCE LEASE OBLIGATIONS 102450 EQUIPMENT NOTE PAYABLE 234542 34500258 X 25021077 6839456 6839456 18181621 0 18181621 23746980 6839456 6839456 16907524 0 16907524 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 6,839,456. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 6,839,456. X X X 0 0 0 KARL BUBLITZ GENERAL MANAGER 281292 0 75000 0 13005 0 4184 0 25509 0 398990 0 0 0 DARREN GAFFORD DIRECTOR OF AGRONOMY 198234 0 12500 0 30138 0 6318 0 27996 0 275186 0 0 0 KYAW HTET DIRECTOR OF GOLF 128438 0 0 0 4539 0 4529 0 24120 0 161626 0 0 0 JENNAH MARTINEZ MEMBERSHIP DIRECTOR 107394 0 9250 0 5248 0 3673 0 27648 0 153213 0 0 0 MICHAEL CHAFFEE ASSISTANT GM/CFO 93051 0 0 0 22500 0 2003 0 8858 0 126412 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED CLUB THAT IS OWNED AND OPERATED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CLUB MEMBERS HAVE RIGHTS TO ELECT AND APPOINT MEMBERS OF THE GOVERNING BODY. THE BOARD OF DIRECTORS HAS THE AUTHORITY TO CREATE COMMITTEES AS DEEMED NECESSARY. GOLF, SPORT, AND SOCIAL MEMBERS CAN ELECT OFFICERS AND DIRECTORS BY VOTING RIGHTS SPLIT ON 10/4/3 PRORATION. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS REQUIRE CERTAIN DECISIONS TO BE APPROVED BY A VOTE OF THE MEMBERSHIP, SUCH AS: AMENDMENTS TO THE GOVERNING DOCUMENTS, AND SPECIAL CAPITAL ASSESSMENTS GREATER THAN $500,000. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN IS REVIEWED WITH THE CPA FIRM PREPARING THE RETURN. ADDITIONALLY, THE GOVERNING BOARD DELEGATES THE REVIEW OF THE FORM 990 AND THE RELATED SCHEDULES TO THE CFO, GENERAL MANAGER, TREASURER, AND PRESIDENT. THE RETURN IS PROVIDED TO THE FINANCE COMMITTEE AND BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AT THE BOARD LEVEL. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PARTICIPATES AND OVERSEES THE HIRING OF THE GENERAL MANAGER AND OTHER TOP MANAGERS OF THE CLUB. THE CLUB RELIES ON REVIEW OF VARIOUS INDUSTRY SPECIFIC COMPARATIVE SALARY AND WAGE STUDIES TO ENSURE THAT TOTAL COMPENSATION PACKAGES OFFERED TO THE GENERAL MANAGER AND OTHER TOP MANAGERS ARE COMPETITIVE AND IN-LINE WITH INDUSTRY AVERAGES. THE EXECUTIVE COMMITTEE (PRESIDENT, VICE PRESIDENT, TREASURER, AND SECRETARY) REVIEWS GENERAL MANAGER SEMI-ANNUALLY, AND DETERMINES ANY BONUSES ANNUALLY FOR THE PREVIOUS YEAR AND ANY COMPENSATION ADJUSTMENTS FOR THE UPCOMING YEAR. THE GENERAL MANAGER REVIEWS THE CFO ANNUALLY AND PROVIDES A RECOMMENDATION FOR BONUS EARNED AND ANY COMPENSATION ADJUSTMENTS TO THE PRESIDENT FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE CLUB'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE CLUB'S WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 24E BUILDING MAINTENANCE 693,812. FITNESS AND OTHER 456,302. FOOD & BEVERAGE 384,278. REAL ESTATE TAXES 309,873. INCOME TAX EXPENSE 165,193. TEMPORARY FACILITIES - PHASE 1 98,479. HURRICANE EXPENSE 54,957.