2023-07-17T11:42:04-05:00 2022-08-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2021-09-01 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 2023-07-12 1 LYNDELL MADDOX 999009999 ALEXANDER LAZZARUOLO P01775353 2126617777 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z THE CLUB AT CARLTON WOODS LYNDELL E MADDOX ONE CARLTON WOODS DRIVE THE WOODLANDS TX 77382 25419180 0 X WWW.CARLTONWOODS.COM X 2015 TX 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. 11 11 331 323 1871225 722 0 0 12278781 15153922 1248 43913 8398210 6433970 20678239 21631805 0 0 0 0 7885788 8949135 0 0 0 8462269 10340777 16348057 19289912 4330182 2341893 35688745 38158640 7331893 7459895 28356852 30698745 THE CLUB'S EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 TAX EXEMPT CLUB ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 1 47 0 1 331 1 1 1 0 0 0 0 1664610 2686765 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KAREN TONGBERG 2818635800 ONE CARLTON WOODS DRIVE THE WOODLANDS TX 77382 LYNDELL MADDOX PRESIDENT 2.00 X X 0 0 0 JASON FRAZER VICE PRESIDENT 2.00 X X 0 0 0 MARK TRESSLER SECRETARY 2.00 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 425392 0 27085 CARY LOTHRINGER DIRECTOR OF TENNIS & FITNESS 60.00 X 196551 0 23022 TIM HUBER DIRECTOR OF ARGONOMY 60.00 X 184224 0 21768 ALEYA DAVIS MEMBERSHIP DIRECTOR 60.00 X 179981 0 13178 DONNIE MASSENGALE DIRECTOR OF GOLF INSTRUCTION 60.00 X 145326 0 5187 EMILE ASOUS MANAGING GOLF PROFESSIONAL 60.00 X 134588 0 19760 1266062 0 110000 6 0 1 0 FUSION GOLF LTD 19901 SOUTHWEST FREEWAY SUGARLAND TX 77479 GOLF COURSE CONSTRUCTION 947650 CADDIE SERVICES LLC 15044 SCOTTSDALE ROAD SCOTTSDALE AZ 85254 CADDIE SERVICES 621931 ENVIROTECH MECHANICAL SOLUTIONS LLC 270 LAKE MEADOWS DRIVE MONTGOMERY TX 77316 HVAC SERVICES 355742 ROCKHILL PROPERTY SERVICE LLC 11 BLUE WILDFLOWER PLACE MAGNOLIA TX 77354 EXCAVATING SERVICES 180000 MAJESTIC EVENT STAFFING LLC 6802 NEFF STREET HOUSTON TX 77074 STAFFING COMPANY 158964 5 MEMBERSHIP DUES 900099 11466980 11223750 243230 RESERVE FUND 900099 1739250 1739250 INITIATION FEES 900099 1706665 1706665 RELINQUISHED MEM. DEP. 900099 241027 241027 15153922 1913 1913 42000 0 42000 42000 42000 9974393 3787375 6187018 4560936 1626082 INSURANCE PROCEEDS 900099 246952 246952 246952 21631805 19471628 1871225 288952 484922 6640068 144012 944424 735709 52553 26447 82379 23357 704316 62504 1575024 20762 215048 1399383 499010 GOLF COURSE OPERATIONS 2924014 FOOD AND BEV OPERATIONS 1511272 OTHER SPORTS ACTIVITIES 1244708 19289912 1282448 2073521 495930 674446 1908778 2080041 602700 788020 90537 201338 34393214 6858162 25852147 27535052 3917834 3917834 1538371 888388 35688745 38158640 2187135 2693312 1317177 1449982 1984865 1570761 1842716 1745840 7331893 7459895 X 28356852 30698745 28356852 30698745 35688745 38158640 2341893 0 X 0 1 X 1 0 6715000 6715000 16610684 2817772 13792912 4109391 805204 3304187 5668876 3235186 2433690 1289263 1289263 27535052 MEMBERSHIP DEPOSITS 1745840 1745840 X X 1 1 X X X 0 0 0 STEVE SALZMAN CHIEF OPERATING OFFICER/GM 305392 0 120000 0 0 0 14500 0 12585 0 452477 0 0 0 CARY LOTHRINGER DIRECTOR OF TENNIS & FITNESS 54546 0 7000 0 135005 0 10437 0 12585 0 219573 0 0 0 TIM HUBER DIRECTOR OF ARGONOMY 165229 0 16600 0 2395 0 9183 0 12585 0 205992 0 0 0 ALEYA DAVIS MEMBERSHIP DIRECTOR 55852 0 1000 0 123129 0 9020 0 4158 0 193159 0 0 0 EMILE ASOUS MANAGING GOLF PROFESSIONAL 115166 0 12000 0 7422 0 7175 0 12585 0 154348 0 0 0 DONNIE MASSENGALE DIRECTOR OF GOLF INSTRUCTION 46127 0 0 0 99199 0 0 0 5187 0 150513 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. A COPY OF THE FORM IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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 1903739 264625 CW OPERATING COMPANY INC