Twineagles Club Inc
- Assets
- $75.4m
- Revenue
- $14.6m
- Investments
- $3.2m
- Employees
- 213
- Location
- Naples, FL
- Founding
- 04/2019
- Data as of
- 10/2023
- EIN
- 83-1197109
Organization Overview
Twineagles Club Inc is located in Naples, FL. The organization was established in 2019. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Twineagles Club Inc employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twineagles Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Twineagles Club Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $13.2m during the year ending 10/2023. While expenses have increased by 6.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE TWINEAGLES CLUB IS A RECREATIONAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTIONS OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES TWO 18-HOLE GOLF COURSES (TOTAL OF 36 HOLES). FOR THE YEAR ENDED 10/31/23, 67,428 ROUNDS OF GOLF WERE PLAYED ON THE COURSES, INCLUDING NON-MEMBER "RECIPROCAL" ROUNDS OF 7,997.
THE CLUB MAINTAINS A FOOD AND BEVERAGE OPERATION TO PROMOTE ITS MISSION AND ENCOURAGE SOCIAL INTERACTION AMONG MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Iannuzzi Treasurer | OfficerTrustee | 20 | $0 |
Elizabeth Donovan President | OfficerTrustee | 20 | $0 |
Bill Gaudet Vice President | OfficerTrustee | 20 | $0 |
Jim Mower Secretary | OfficerTrustee | 20 | $0 |
Vincent Alberico Director | Trustee | 20 | $0 |
Nancy Brown Director | Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mjs Grassing Sod Service | 10/30/22 | $832,393 |
Arrowhead Tree Service Vegetation Removal | 10/30/22 | $101,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,039,625 |
| Investment income | $240,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,160 |
| Net Gain/Loss on Asset Sales | -$21,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,017,077 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,567,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $504,097 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,914,797 |
| Pension plan accruals and contributions | $77,504 |
| Other employee benefits | $488,779 |
| Payroll taxes | $260,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,126 |
| Fees for services: Accounting | $36,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,304 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $423,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,605,192 |
| Insurance | $449,150 |
| All other expenses | $1,447,617 |
| Total functional expenses | $13,209,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $14,845,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,695,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $494,647 |
| Prepaid expenses and deferred charges | $397,406 |
| Net Land, buildings, and equipment | $52,754,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,229,116 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $999,915 |
| Total assets | $75,417,556 |
| Accounts payable and accrued expenses | $1,328,161 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,183,410 |
| Total liabilities | $37,511,571 |
| Net assets without donor restrictions | $37,905,985 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,417,556 |