Nonprofit · EIN 47-4418994
CW OPERATING COMPANY INC
Tax-exempt · THE WOODLANDS, TX 77382
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $26,526,323 | $24,630,197 | $1,896,126 | $52,995,612 | $14,626,405 | $38,369,207 |
| August 31, 2024 | 990 | $25,201,585 | $20,877,994 | $4,323,591 | $54,228,741 | $15,727,791 | $38,500,950 |
| August 31, 2023 | 990 | $24,641,353 | $21,162,739 | $3,478,614 | $47,304,277 | $13,126,918 | $34,177,359 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,739,595
- Investment income
- $309,928
- Net gain from sales of assets
- $51,000
- Net income from sales of inventory
- $8,426,383
- Other revenue
- $8,476,800
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $640,316
- Other salaries and wages
- $10,858,933
- Salaries, compensation and benefits (total)
- $14,024,030
- Professional fundraising fees
- $0
- Legal fees
- $40,978
- Accounting fees
- $67,157
- Occupancy
- $1,462,689
- Travel
- $42,437
- Depreciation
- $2,499,334
Balance sheet and other
- Total assets, start of year
- $54,228,741
- Total assets, end of year
- $52,995,612
- Total liabilities, end of year
- $14,626,405
- Net assets, end of year
- $38,369,207
- Land, buildings and equipment
- $3,782,982
- Net assets without donor restrictions
- $38,369,207
- Gross unrelated business income
- $2,743,009
- Gross receipts
- $31,274,560
- Employees
- 330
- Volunteers
- 323
- Year formed
- 2015
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE SALZMAN | CHIEF OPERATING OFFICER/GM Officer | 60 | $534,684 | $31,630 |
| TIM HUBER | DIRECTOR OF ARGONOMY Highest-paid employee | 60 | $209,350 | $26,612 |
| CARY LOTHRINGER | DIRECTOR OF TENNIS & FITNESS Highest-paid employee | 60 | $207,518 | $27,244 |
| MARIA MCGINITY | DIRECTOR OF OPERATIONS Highest-paid employee | 60 | $177,837 | $21,338 |
| EMILE ASOUS | DIRECTOR OF GOLF Highest-paid employee | 60 | $164,677 | $24,228 |
| DONNIE MASSENGALE | DIRECTOR OF GOLF INSTRUCTION Highest-paid employee | 60 | $130,273 | $4,708 |
| LYN MADDOX | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JASON FRAZER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KENT WILLETTS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BECKY BAYLESS DE JOYBERT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JONATHAN HITCHCOCK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JASON PALMENBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIAN PETRAUSKAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BLAKE POUNDS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG SOFTY | DIRECTOR Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MARLING | REM REPRESENTATIVE Trustee or director | 2 | $0 |
| JOSEPH SUTTON | REM REPRESENTATIVE Trustee or director | 2 | $0 |
990 for the year ended August 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE SALZMAN | CHIEF OPERATING OFFICER/GM Officer | 60 | $529,389 | $30,186 |
| CARY LOTHRINGER | DIRECTOR OF TENNIS & FITNESS Highest-paid employee | 60 | $200,515 | $26,267 |
| TIM HUBER | DIRECTOR OF ARGONOMY Highest-paid employee | 60 | $197,500 | $25,330 |
| EMILE ASOUS | DIRECTOR OF GOLF Highest-paid employee | 60 | $156,672 | $23,146 |
| MARIA MCGINITY | DIRECTOR OF OPERATIONS Highest-paid employee | 60 | $145,508 | $20,498 |
| ALEYA DAVIS | MEMBERSHIP DIRECTOR Highest-paid employee | 60 | $124,917 | $11,357 |
| LYNDELL E MADDOX | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JASON FRAZER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KENT WILLETTS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BECKY BAYLESS DE JOYBERT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JONATHAN HITCHCOCK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JASON PALMENBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIAN PETRAUSKAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BLAKE POUNDS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG SOFTY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT MARLING | REM REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| JOSEPH SUTTON | REM REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
990 for the year ended August 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE SALZMAN | CHIEF OPERATING OFFICER/GM Officer | 60 | $317,394 | $28,175 |
| CARY LOTHRINGER | DIRECTOR OF TENNIS & FITNESS Highest-paid employee | 60 | $199,039 | $25,118 |
| TIM HUBER | DIRECTOR OF ARGONOMY Highest-paid employee | 60 | $174,733 | $23,520 |
| ALEYA DAVIS | MEMBERSHIP DIRECTOR Highest-paid employee | 60 | $142,553 | $12,088 |
| EMILE ASOUS | MANAGING GOLF PROFESSIONAL Highest-paid employee | 60 | $122,781 | $20,761 |
| DONNIE MASSENGALE | DIRECTOR OF GOLF INSTRUCTION Highest-paid employee | 60 | $133,153 | $4,336 |
| LYN MADDOX | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JASON FRAZER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARK TRESSLER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BECKY BAYLESS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JONATHAN HITCHCOCK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JASON PALMENBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIAN PETRAUSKAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENT WILLETTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAN VINEYARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT MARLING | REM REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| JOSEPH SUTTON | REM REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 CARLTON WOODS DR, THE WOODLANDS, TX 77382-2563
- Principal officer (990 for 2024)
- STEVE SALZMAN, ONE CARLTON WOODS DRIVE, THE WOODLANDS, TX 77382
- Signed the 990
- LYNDELL E MADDOX, CHIEF OPERATING OFFICER
- Phone
- (281) 863-5800
- Website
- WWW.CARLTONWOODS.COM
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
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.
Program accomplishments
- TAX EXEMPT CLUB ACTIVITIES
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 47-4418994
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2017
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N6A)
- Assets (IRS master file)
- $52,995,612
- Income (IRS master file)
- $31,274,560
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $26,526,323 | $24,630,197 | $52,995,612 | XML |
| 990 | August 2024 | $25,201,585 | $20,877,994 | $54,228,741 | XML |
| 990 | August 2023 | $24,641,353 | $21,162,739 | $47,304,277 | XML |
| 990 | August 2022 | $21,631,805 | $19,289,912 | $38,158,640 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4418994).
Questions about CW OPERATING COMPANY INC
- What is the EIN of CW OPERATING COMPANY INC?
- The employer identification number (EIN) of CW OPERATING COMPANY INC is 47-4418994.
- Is CW OPERATING COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2017.
- Are donations to CW OPERATING COMPANY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CW OPERATING COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CW OPERATING COMPANY INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CW OPERATING COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of CW OPERATING COMPANY INC?
- The 990 for the year ended August 31, 2025 names STEVE SALZMAN.
- Who are the officers and directors of CW OPERATING COMPANY INC?
- The 990 for the year ended August 31, 2025 lists 17 people; 6 received compensation from the organization, the highest $534,684 (STEVE SALZMAN, CHIEF OPERATING OFFICER/GM).
- How much revenue does CW OPERATING COMPANY INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $26,526,323, expenses of $24,630,197 and total assets of $52,995,612 at year end.
Other nonprofits in THE WOODLANDS
- SPIRIT GOLF ASSOCIATION EIN 31-1654247 · last filed 990 for 2025
- CARLTON WOODS PROPERTIES INC EIN 86-3531075 · last filed 990 for 2025
- LITTLE LEAGUE BASEBALL INC EIN 76-0356023 · last filed 990 for 2025
- REVIVAL SPORT INC EIN 27-3335561 · last filed 990 for 2025
- ROWING CLUB OF THE WOODLANDS INC EIN 76-0459849 · last filed 990 for 2024
- THE WOODLANDS HIGH SCHOOL GOLF BOOSTER CLUB EIN 76-0312552 · last filed 990-EZ for 2025
- WOODLANDS HIGH SCHOOL REBOUNDERS CLUB EIN 87-2352749 · last filed 990-EZ for 2025
- WOODLANDS FC INC EIN 83-4254808 · last filed 990-EZ for 2025
All nonprofits in THE WOODLANDS · Texas · Recreation and sports