Albuquerque Social Club in Albuquerque, New Mexico (NM)

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Albuquerque Social Club
Employer Identification Number (EIN)850266064
Name of OrganizationAlbuquerque Social Club
Address4021 Central Ave Ne, Albuquerque, NM 87108-1158
SubsectionPleasure, Recreational, or Social Club
Ruling Date02/1989
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$8,109
Amount of Income$499,715
Form 990 Revenue Amount$308,946


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$363,036
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$35,862
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$305,447
Gross sales of inventory, less returns and allowances$487,431
Less: cost of goods sold$181,984
Miscellaneous Revenue$21,727
Statement of Functional Expenses (for 2011)
Total functional expenses$371,880
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$120,622
Payroll taxes$10,750
Professional fundraising services$0
Other$240,508
Balance Sheet (for 2011)
Total assets$20,265
Total liabilities$5,000
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$5,000
Total net assets or fund balances$15,265
Retained earnings, endowment, accumulated income, or other funds$15,265
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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