Columbus Club Corporation

“This is a 501(c)(7) organization supported by its membership fees. Formal organization occurred in september 2019. Because of the covid pandemic and its recovery, along with the many state mandated restrictions associated with social affairs and recreation, all membership fees were waived for the years 2020 through 2024. The organization had very limited opportunities to prepare social and recreational activities normally associated with social clubs. Many of the members are senior citizens who have limited their participation in social and recreational gatherings. In addition, the organization lacks a facility to hold events for its members. The building of a facility is construction in progress at 12-31-2024. Numerous zoning, supply and financial issues have had a significant impact on the completion of the building facilities.”

“The board is presented a draft copy of the form 990 return to review prior to the actual filing with the service. This process has not changed from the prior year.”

“The organization makes its organizing documents, financial records and form 990 available for public inspection upon written request. The documents must be reviewed onsite only.”

“As per treasury reg. Section 1.266-1(c)(3), the columbus club corporation ein 61-1930917 elects to capitalize certain carrying charges, described as property taxes of $2,447 and construction interest of $5,280 under section 1.266-1(a)(1) of the internal revenue code. These carrying costs are related to the real estate and building under construction, located in dona ana county, new mexico at 12-31-2024. Total total carrying charges is $7,727.”