2026-09-09T12:20:13-05:00 2025-10-31 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2024-11-01 831197109 THE TWINEAGLES CLUB INC TWIN 2393541719 11725 TWINEAGLES BLVD NAPLES FL 34120 TOM LUND TREASURER 2393541735 2026-09-09 1 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2024 TOM LUND 11725 TWINEAGLES BLVD NAPLES FL 34120 26919863 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 9 298 72 695903 533658 0 0 12970934 14476546 519937 635675 4690750 4433936 18181621 19546157 0 0 0 0 4628173 5055556 0 0 0 12279351 12637597 16907524 17693153 1274097 1853004 75041559 78836893 35861477 38008235 39180082 40828658 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 10/31/25, 64,716 ROUNDS OF GOLF WERE PLAYED ON THE COURSES, INCLUDING NON-MEMBER "RECIPROCAL" ROUNDS OF 2,947. 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 1 103 0 1 298 1 1 1 0 0 0 1 1 7328452 667410 0 0 0 X 9 9 0 0 1 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 SECRETARY 20.00 X X 0 0 0 JJ SORRENTI PRESIDENT 20.00 X X 0 0 0 ELIZABETH DONOVAN VICE PRESIDENT 20.00 X X 0 0 0 JIM MOWER SECRETARY 20.00 X X 0 0 0 TIM OLESZCZUK 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 TOM LUND TREASURER 20.00 X X 0 0 0 ROBERT RADUNZ GENERAL MANAGER/COO 40.00 X 348150 0 14569 DARREN GAFFORD DIRECTOR OF AGRONOMY 40.00 X 134699 0 18985 GABRIEL GALLO DIRECTOR OF GC AND GROUNDS MAINT 40.00 X 108333 0 2498 ROBERT RAMOS SOUS CHEF 40.00 X 103268 0 0 MANIVONE DEANGELO DIRECTOR OF FINANCE 40.00 X 161924 0 16924 JENNAH MARTINEZ DIRECTOR OF MEMBERSHIP 40.00 X 123462 0 24565 IRENA WIGLEY DIRECTOR OF F&B 40.00 X 163040 0 23739 GEORGE CARON FACILITIES MANAGER 40.00 X 102865 0 0 ANTHONY FALANGAS DIRECTOR OF SPORTS & CLUB OPERATIONS 40.00 X 205652 0 12271 JENNIFER OWENS DIRECTOR OF HUMAN RESOURCES 40.00 X 147139 0 11171 THOMAS PATRI DIRECTOR OF PLAYER DEVELOPMENT 40.00 X 167883 0 0 MORGANE SALAUN-BOURHIS BANQUET & EVENTS MANAGER 40.00 X 101822 0 4043 RICHARD TER HAAR HEAD GOLF PROFESSIONAL 40.00 X 151543 0 16434 2019780 0 145199 13 0 1 0 0 MEMBER DUES 713990 10940963 10940963 GREENS & CART FEES 713990 2025006 2025006 GUEST FEES 713990 748496 454965 293531 LESSON INCOME 713990 406496 406496 RENTAL INCOME 713990 252085 252085 103500 103500 14476546 601484 601484 34191 0 34191 34191 34191 3867245 7373706 -3506461 -3307349 -199112 CAPITAL CONTRIBUTIONS 713990 4034452 4034452 INITIATION FEES 713990 3294000 3294000 OPERATING DEFICIT ASSESSMENT 713990 452270 452270 159675 159675 7940397 19546157 18850254 695903 0 X 4143051 89902 500673 321930 63652 39975 6045 809179 4285222 538928 INCOME TAX EXPENSE 104601 GOLF COURSE MAINTENANCE 1927951 ADMINISTRATIVE AND GENE 1243884 GOLF CARTS, PRO SHOP, L 846723 2771437 17693153 1500 1500 16832524 21138155 3519244 3663505 519817 465219 567829 615069 61048302 13323411 50870167 47724891 2112247 1478097 618231 3750457 75041559 78836893 1361219 1534122 34500258 36474113 35861477 38008235 X 39180082 40828658 39180082 40828658 75041559 78836893 1853004 -204428 0 X 0 1 X 1 0 12500000 12500000 28367367 4443737 23923630 7213759 4121351 3092408 12967176 4758323 8208853 47724891 DEFERRED DUES 12507168 NON-CURRENT CONSTRUCTION LOAN 18186993 CURRENT CONSTRUCTION LOAN 2600175 CURRENT OPERATING LEASE OBLIGATIONS 11377 CURRENT FINANCE LEASE OBLIGATIONS 791882 NON-CURRENT OPERATING LEASE OBLIGATIONS 40919 NON-CURRENT FINANCE LEASE OBLIGATIONS 2335599 36474113 X 26919863 7373706 7373706 19546157 0 19546157 25066859 7373706 7373706 17693153 0 17693153 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 7,373,706. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,373,706. X X X X 0 0 0 ROBERT RADUNZ GENERAL MANAGER/COO 274183 0 66800 0 7167 0 2403 0 12166 0 362719 0 0 0 ANTHONY FALANGAS DIRECTOR OF SPORTS & CLUB OPERATIONS 181121 0 18500 0 6031 0 4777 0 7494 0 217923 0 0 0 IRENA WIGLEY DIRECTOR OF F&B 131290 0 15001 0 16749 0 6664 0 17075 0 186779 0 0 0 MANIVONE DEANGELO DIRECTOR OF FINANCE 124096 0 14768 0 23060 0 6252 0 10672 0 178848 0 0 0 RICHARD TER HAAR HEAD GOLF PROFESSIONAL 131811 0 14001 0 5731 0 4268 0 12166 0 167977 0 0 0 THOMAS PATRI DIRECTOR OF PLAYER DEVELOPMENT 167883 0 0 0 0 0 0 0 0 0 167883 0 0 0 JENNIFER OWENS DIRECTOR OF HUMAN RESOURCES 127921 0 13125 0 6093 0 5835 0 5336 0 158310 0 0 0 DARREN GAFFORD DIRECTOR OF AGRONOMY 116169 0 0 0 18530 0 4997 0 13988 0 153684 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 A MEMBER VOTE WAS OBTAINED TO REVISE THE CLUB'S BYLAWS IN ORDER TO INCREASE DUES BEYOND PREVIOUS LIMITS PROVIDED FOR IN THE BYLAWS. 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 808,261. CHANGE IN FV INTEREST RATE SWAP 634,150. FITNESS AND OTHER 589,405. FOOD & BEVERAGE 430,841. REAL ESTATE TAXES 285,414. TEMPORARY FACILITIES - PHASE 1 23,366.