CW OPERATING COMPANY INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: CW OPERATING COMPANY INC (EIN 47-4418994)
Tax period: 2022-09-01 to 2023-08-31
Filed: 2024-07-15
IRS object ID: 202441979349302819
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-07-15T20:05:47-05:00	ReturnTs
Tax Period End	2023-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	133628255	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CONDON O'MEARA MCGINTY & DONNELLY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	ONE BATTERY PARK PLAZA 7TH FL	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10004	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	474418994	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CW OPERATING COMPANY INC DBA	BusinessNameLine1Txt
Business Name Line2	THE CLUB AT CARLTON WOODS	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CWOP	BusinessNameControlTxt
Phone	2818635800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE CARLTON WOODS DRIVE	AddressLine1Txt
City	THE WOODLANDS	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77382	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LYNDELL E MADDOX	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2818635800	PhoneNum
Signature	2024-07-08	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	LYNDELL	PersonFirstNm
Person Last	MADDOX	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ALEXANDER LAZZARUOLO	PreparerPersonNm
PTIN	P01775353	PTIN
Phone	2126617777	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	THE CLUB AT CARLTON WOODS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	LYNDELL E MADDOX	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE CARLTON WOODS DRIVE	AddressLine1Txt
City	THE WOODLANDS	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77382	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$28,880,644	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CARLTONWOODS.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2015	FormationYr
Legal Domicile State	TX	LegalDomicileStateCd
Activity Or Mission	PRIVATE GOLF, TENNIS, ATHLETIC, DINING & SOCIAL CLUB FOR THE PLEASURE/RECREATION OF ITS MEMBERS	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	330	TotalEmployeeCnt
Total Volunteers	330	TotalVolunteersCnt
Total Gross UBI	$3,106,348	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$20,579	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$15,153,922	PYProgramServiceRevenueAmt
CY Program Service Revenue	$16,440,430	CYProgramServiceRevenueAmt
PY Investment Income	$43,913	PYInvestmentIncomeAmt
CY Investment Income	$141,721	CYInvestmentIncomeAmt
PY Other Revenue	$6,433,970	PYOtherRevenueAmt
CY Other Revenue	$8,059,202	CYOtherRevenueAmt
PY Total Revenue	$21,631,805	PYTotalRevenueAmt
CY Total Revenue	$24,641,353	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,949,135	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$12,075,265	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$10,340,777	PYOtherExpensesAmt
CY Other Expenses	$9,087,474	CYOtherExpensesAmt
PY Total Expenses	$19,289,912	PYTotalExpensesAmt
CY Total Expenses	$21,162,739	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,341,893	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,478,614	CYRevenuesLessExpensesAmt
Total Assets BOY	$38,158,640	TotalAssetsBOYAmt
Total Assets EOY	$47,304,277	TotalAssetsEOYAmt
Total Liabilities BOY	$7,459,895	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$13,126,918	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$30,698,745	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$34,177,359	NetAssetsOrFundBalancesEOYAmt
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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	TAX EXEMPT CLUB ACTIVITIES	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	48	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	330	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Initiation Fees And Cap Contri	$1,769,732	InitiationFeesAndCapContriAmt
Gross Receipts For Public Use	$4,154,705	GrossReceiptsForPublicUseAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KAREN TONGBERG	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2818635800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE CARLTON WOODS DRIVE	AddressLine1Txt
City	THE WOODLANDS	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77382	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
LYN MADDOX
PRESIDENT	2.00	1.00	Yes (X)	Yes (X)	$0	$0	$0
JASON FRAZER
VICE PRESIDENT	2.00	1.00	Yes (X)	Yes (X)	$0	$0	$0
MARK TRESSLER
SECRETARY	2.00	1.00	Yes (X)	Yes (X)	$0	$0	$0
BECKY BAYLESS
DIRECTOR	2.00		Yes (X)		$0	$0	$0
JONATHAN HITCHCOCK
DIRECTOR	2.00		Yes (X)		$0	$0	$0
JASON PALMENBERG
DIRECTOR	2.00		Yes (X)		$0	$0	$0
BRIAN PETRAUSKAS
DIRECTOR	2.00		Yes (X)		$0	$0	$0
KENT WILLETTS
DIRECTOR	2.00		Yes (X)		$0	$0	$0
DAN VINEYARD
DIRECTOR	2.00		Yes (X)		$0	$0	$0
ROBERT MARLING
REM REPRESENTATIVE	2.00		Yes (X)		$0	$0	$0
JOSEPH SUTTON
REM REPRESENTATIVE	2.00		Yes (X)		$0	$0	$0
STEVE SALZMAN
CHIEF OPERATING OFFICER/GM	60.00			Yes (X)	$317,394	$0	$28,175
CARY LOTHRINGER
DIRECTOR OF TENNIS & FITNESS	60.00				$199,039	$0	$25,118	Yes (X)
TIM HUBER
DIRECTOR OF ARGONOMY	60.00				$174,733	$0	$23,520	Yes (X)
ALEYA DAVIS
MEMBERSHIP DIRECTOR	60.00				$142,553	$0	$12,088	Yes (X)
EMILE ASOUS
MANAGING GOLF PROFESSIONAL	60.00				$122,781	$0	$20,761	Yes (X)
DONNIE MASSENGALE
DIRECTOR OF GOLF INSTRUCTION	60.00				$133,153	$0	$4,336	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,089,653	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$113,998	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	6	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SANDERS GOLF LLC
3144 STAGE POST DRIVE SUITE 109	BARTLETT	TN	38133	GOLF COURSE CONSTRUCTION	$4,779,102
FUSION GOLF LTD
19901 SOUTHWEST FREEWAY	SUGARLAND	TX	77479	GOLF COURSE CONSTRUCTION	$630,704
CADDIE SERVICES LLC
15044 NORTH SCOTTSDALE ROAD SUITE	SCOTTSDALE	AZ	85254	CADDIE SERVICES	$583,318
PRIME FACILITY SERVICES GROUP INC
2909 HILLCROFT ST STE 320	HOUSTON	TX	77057	OUTSOURCED LABOR SERVICES	$328,000
JD GRIFFIN COMPANY LLC DBA JD LIMO
32611 SUNRISE DR	MAGNOLIA	TX	77354	TRANSPORTATION SERVICES	$166,240

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	7	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES	900099	$12,452,343	$12,452,343
RESERVE FUND	900099	$2,166,906	$2,166,906
INITIATION FEES/EQUITY	900099	$1,769,732	$1,769,732
RELINQUISHED MEM. DEP.	900099	$51,449	$51,449

Field	Value	IRS element (for citing)
Total Program Service Revenue	$16,440,430	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$23,579	TotalRevenueColumnAmt
Unrelated Business Revenue	$23,579	UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$118,142	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$118,142	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$118,142	TotalRevenueColumnAmt
Exclusion	$118,142	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$12,253,263	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$4,239,291	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,013,972	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,931,203	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$3,082,769	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	INSURANCE PROCEEDS	Desc
Business	900099	BusinessCd
Total Revenue Column	$45,230	TotalRevenueColumnAmt
Exclusion	$45,230	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$45,230	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$24,641,353	TotalRevenueColumnAmt
Related Or Exempt Func Income	$21,371,633	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$3,106,348	UnrelatedBusinessRevenueAmt
Exclusion	$163,372	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$440,449	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$9,494,840	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$177,630	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,162,020	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$800,326	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$72,898	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$53,154	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$28,216	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$10,624	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$451,533	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,551,219	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$41,073	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$229,443	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,656,613	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$459,057	TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt
GOLF COURSE OPERATIONS	$2,670,477
FOOD AND BEV OPERATIONS	$1,140,339
OTHER SPORTS ACTIVITIES	$722,828

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$21,162,739	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,073,521	BOYAmt
EOY	$2,752,182	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$674,446	BOYAmt
EOY	$421,125	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,080,041	BOYAmt
EOY	$2,252,435	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$788,020	BOYAmt
EOY	$1,120,489	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$201,338	BOYAmt
EOY	$152,465	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$15,311,138	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$4,064,166	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$27,535,052	BOYAmt
EOY	$11,246,972	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,917,834	BOYAmt
EOY	$3,917,834	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$888,388	BOYAmt
EOY	$25,440,775	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$38,158,640	BOYAmt
EOY	$47,304,277	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,693,312	BOYAmt
EOY	$2,478,568	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$1,449,982	BOYAmt
EOY	$1,488,080	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$1,570,761	BOYAmt
EOY	$7,313,384	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,745,840	BOYAmt
EOY	$1,846,886	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$7,459,895	BOYAmt
EOY	$13,126,918	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$30,698,745	BOYAmt
EOY	$34,177,359	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$30,698,745	BOYAmt
EOY	$34,177,359	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$38,158,640	BOYAmt
EOY	$47,304,277	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$3,478,614	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,288,968	OtherCostOrOtherBasisAmt
Depreciation	$4,064,166	DepreciationAmt
Book Value	$3,224,802	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,022,170	OtherCostOrOtherBasisAmt
Book Value	$8,022,170	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$11,246,972	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt
EMPLOYEE RETENTION PAYROLL TAX CREDIT RECEIVABLE	$888,388
RIGHT OF USE ASSETS	$366,888
INVESTMENT IN CARLTON WOODS PROPERTY	$24,185,499

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$25,440,775	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERSHIP DEPOSITS	Desc
Amt	$1,846,886	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,846,886	TotalLiabilityAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Discretionary Spending Acct	Yes (X)	DiscretionarySpendingAcctInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
STEVE SALZMAN
CHIEF OPERATING OFFICER/GM	$311,496	$0	$5,898	$0	$0	$0	$15,030	$0	$13,145	$0	$345,569	$0	$0	$0
CARY LOTHRINGER
DIRECTOR OF TENNIS & FITNESS	$44,885	$0	$8,500	$0	$145,654	$0	$11,801	$0	$13,317	$0	$224,157	$0	$0	$0
TIM HUBER
DIRECTOR OF ARGONOMY	$154,696	$0	$17,500	$0	$2,537	$0	$10,375	$0	$13,145	$0	$198,253	$0	$0	$0
ALEYA DAVIS
MEMBERSHIP DIRECTOR	$44,678	$0	$0	$0	$97,875	$0	$7,752	$0	$4,336	$0	$154,641	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CW LICENSEE LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE CARLTON WOODS DRIVE	AddressLine1Txt
City	THE WOODLANDS	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77382	ZIPCd

Field	Value	IRS element (for citing)
EIN	475655303	EIN
Primary Activities	BEVERAGE LICENSE HOLDER	PrimaryActivitiesTxt
Legal Domicile State	TX	LegalDomicileStateCd
Total Income	$931,025	TotalIncomeAmt
End Of Year Assets	$319,801	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CW OPERATING COMPANY INC	BusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CARLTON WOODS PROPERTIES INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE CARLTON WOODS DRIVE	AddressLine1Txt
City	THE WOODLANDS	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77382	ZIPCd

Field	Value	IRS element (for citing)
EIN	863531075	EIN
Primary Activities	HOLDING CORPORATION	PrimaryActivitiesTxt
Legal Domicile State	TX	LegalDomicileStateCd
Exempt Code Section	501(C)(2)	ExemptCodeSectionTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	THE CLUB	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
CARLTON WOODS PROPERTIES INC
K	$405,700	FMV
CARLTON WOODS PROPERTIES INC
R	$24,185,499	FMV