2024-07-15T20:05:47-05:00 2023-08-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-09-01 474418994 CW OPERATING COMPANY INC DBA THE CLUB AT CARLTON WOODS CWOP 2818635800 ONE CARLTON WOODS DRIVE THE WOODLANDS TX 77382 LYNDELL E MADDOX PRESIDENT 2818635800 2024-07-08 1 LYNDELL MADDOX 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE CLUB AT CARLTON WOODS LYNDELL E MADDOX ONE CARLTON WOODS DRIVE THE WOODLANDS TX 77382 28880644 0 X WWW.CARLTONWOODS.COM X 2015 TX PRIVATE GOLF, TENNIS, ATHLETIC, DINING & SOCIAL CLUB FOR THE PLEASURE/RECREATION OF ITS MEMBERS 11 11 330 330 3106348 20579 0 0 15153922 16440430 43913 141721 6433970 8059202 21631805 24641353 0 0 0 0 8949135 12075265 0 0 0 10340777 9087474 19289912 21162739 2341893 3478614 38158640 47304277 7459895 13126918 30698745 34177359 THE CLUB AT CARLTON WOODS IS A PRIVATE MEMBER OWNED GOLF, TENNIS, ATHLETIC, DINING AND SOCIAL CLUB FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. THE CLUB'S EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF MEMBERS BY PROVIDING DINING/RECREATIONAL ACTIVITIES. 0 0 TAX EXEMPT CLUB ACTIVITIES 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 48 0 1 330 1 1 1 0 0 0 0 1769732 4154705 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X KAREN TONGBERG 2818635800 ONE CARLTON WOODS DRIVE THE WOODLANDS TX 77382 LYN MADDOX PRESIDENT 2.00 1.00 X X 0 0 0 JASON FRAZER VICE PRESIDENT 2.00 1.00 X X 0 0 0 MARK TRESSLER SECRETARY 2.00 1.00 X X 0 0 0 BECKY BAYLESS DIRECTOR 2.00 X 0 0 0 JONATHAN HITCHCOCK DIRECTOR 2.00 X 0 0 0 JASON PALMENBERG DIRECTOR 2.00 X 0 0 0 BRIAN PETRAUSKAS DIRECTOR 2.00 X 0 0 0 KENT WILLETTS DIRECTOR 2.00 X 0 0 0 DAN VINEYARD DIRECTOR 2.00 X 0 0 0 ROBERT MARLING REM REPRESENTATIVE 2.00 X 0 0 0 JOSEPH SUTTON REM REPRESENTATIVE 2.00 X 0 0 0 STEVE SALZMAN CHIEF OPERATING OFFICER/GM 60.00 X 317394 0 28175 CARY LOTHRINGER DIRECTOR OF TENNIS & FITNESS 60.00 X 199039 0 25118 TIM HUBER DIRECTOR OF ARGONOMY 60.00 X 174733 0 23520 ALEYA DAVIS MEMBERSHIP DIRECTOR 60.00 X 142553 0 12088 EMILE ASOUS MANAGING GOLF PROFESSIONAL 60.00 X 122781 0 20761 DONNIE MASSENGALE DIRECTOR OF GOLF INSTRUCTION 60.00 X 133153 0 4336 1089653 0 113998 6 0 1 0 SANDERS GOLF LLC 3144 STAGE POST DRIVE SUITE 109 BARTLETT TN 38133 GOLF COURSE CONSTRUCTION 4779102 FUSION GOLF LTD 19901 SOUTHWEST FREEWAY SUGARLAND TX 77479 GOLF COURSE CONSTRUCTION 630704 CADDIE SERVICES LLC 15044 NORTH SCOTTSDALE ROAD SUITE SCOTTSDALE AZ 85254 CADDIE SERVICES 583318 PRIME FACILITY SERVICES GROUP INC 2909 HILLCROFT ST STE 320 HOUSTON TX 77057 OUTSOURCED LABOR SERVICES 328000 JD GRIFFIN COMPANY LLC DBA JD LIMO 32611 SUNRISE DR MAGNOLIA TX 77354 TRANSPORTATION SERVICES 166240 7 MEMBERSHIP DUES 900099 12452343 12452343 RESERVE FUND 900099 2166906 2166906 INITIATION FEES/EQUITY 900099 1769732 1769732 RELINQUISHED MEM. DEP. 900099 51449 51449 16440430 23579 23579 118142 0 118142 118142 118142 12253263 4239291 8013972 4931203 3082769 INSURANCE PROCEEDS 900099 45230 45230 45230 24641353 21371633 3106348 163372 440449 9494840 177630 1162020 800326 72898 53154 28216 10624 451533 1551219 41073 229443 1656613 459057 GOLF COURSE OPERATIONS 2670477 FOOD AND BEV OPERATIONS 1140339 OTHER SPORTS ACTIVITIES 722828 21162739 2073521 2752182 674446 421125 2080041 2252435 788020 1120489 201338 152465 15311138 4064166 27535052 11246972 3917834 3917834 888388 25440775 38158640 47304277 2693312 2478568 1449982 1488080 1570761 7313384 1745840 1846886 7459895 13126918 X 30698745 34177359 30698745 34177359 38158640 47304277 3478614 0 X 0 1 X 1 0 7288968 4064166 3224802 8022170 8022170 11246972 EMPLOYEE RETENTION PAYROLL TAX CREDIT RECEIVABLE 888388 RIGHT OF USE ASSETS 366888 INVESTMENT IN CARLTON WOODS PROPERTY 24185499 25440775 MEMBERSHIP DEPOSITS 1846886 1846886 X X 1 1 X X X 0 0 0 STEVE SALZMAN CHIEF OPERATING OFFICER/GM 311496 0 5898 0 0 0 15030 0 13145 0 345569 0 0 0 CARY LOTHRINGER DIRECTOR OF TENNIS & FITNESS 44885 0 8500 0 145654 0 11801 0 13317 0 224157 0 0 0 TIM HUBER DIRECTOR OF ARGONOMY 154696 0 17500 0 2537 0 10375 0 13145 0 198253 0 0 0 ALEYA DAVIS MEMBERSHIP DIRECTOR 44678 0 0 0 97875 0 7752 0 4336 0 154641 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CW OPERATING COMPANY, INC. (THE "CLUB") HAS EQUITY MEMBERS AND NON-EQUITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH EQUITY MEMBERSHIP ENTITLES THE MEMBER TO VOTE ON VARIOUS CLUB MATTERS AS SET FORTH IN THE PLAN/BYLAWS, INCLUDING THE ELECTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B A MAJORITY OF THE OUTSTANDING VOTES OF ALL THE MEMBERS ENTITLED TO VOTE IS REQUIRED FOR MAJOR DECISIONS. MAJOR DECISION INCLUDE: (A) AN ASSESSMENT FOR A CAPITAL EXPENDITURE THAT (I) IS OVER TWENTY PERCENT (20%) OF ANNUAL GROSS REVENUES AND (II) DOES NOT CONSTITUTE EXTRAORDINARY REPAIRS OR REPLACEMENTS, (B) AN INCURRENCE OF DEBT FOR THE CLUB WITH A PRINCIPAL AMOUNT IN EXCESS OF TWENTY PERCENT (20%) OF ANNUAL GROSS REVENUES, (C) A MATERIAL ADVERSE CHANGE TO THE MEMBERSHIP REFUND AMOUNT OR PERCENTAGE TO BE PAID TO EQUITY MEMBERS, OR (D) A CHANGE OR ADDITION TO THE MEMBERSHIP CATEGORIES OR CHANGES IN EXISTING MEMBERSHIP CATEGORIES THAT WOULD CAUSE THE NUMBER OF MEMBERS TO EXCEED THE EQUITY GOLF MEMBERSHIP CAP OR EQUITY SPORTS/SOCIAL MEMBERSHIP CAP ONCE ESTABLISHED BY THE BOARD. THE VOTE OF SEVENTY-FIVE PERCENT (75%) OF THE OUTSTANDING VOTES OF ALL THE MEMBERS ENTITLED TO VOTE IS REQUIRED FOR FACILITY SALE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE COO AND THE CONTROLLER REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT PERIODICALLY REVIEWS THE CONFLICT OF INTEREST DISCLOSURE FORMS TO ENSURE COMPLIANCE WHEN DEALINGS WITH THESE CONFLICTS ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPENSATION COMMITTEE ANNUALLY REVIEWS THE TOP OFFICIAL'S AND KEY EMPLOYEES' COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CW LICENSEE LLC ONE CARLTON WOODS DRIVE THE WOODLANDS TX 77382 475655303 BEVERAGE LICENSE HOLDER TX 931025 319801 CW OPERATING COMPANY INC CARLTON WOODS PROPERTIES INC ONE CARLTON WOODS DRIVE THE WOODLANDS TX 77382 863531075 HOLDING CORPORATION TX 501(C)(2) THE CLUB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 CARLTON WOODS PROPERTIES INC K 405700 FMV CARLTON WOODS PROPERTIES INC R 24185499 FMV