2026-02-10T17:22:48-07:00 2024-12-31 990EZ 2024-01-01 736502369 CO-OPERATIVE CROSS ROADS FLYING CLUB CO-O 4259844981 PO Box 91444 Albuquerque NM 87199 Paul Kearney Treasurer 4259844981 2026-02-10 0 X 2024 2025-03-06 01:10:19Z X X crossroadsflying.com X X 51840 X 0 0 51840 0 0 0 0 0 0 0 0 0 0 0 0 51840 0 0 0 0 8988 0 41025 50013 1827 35717 0 37544 X 41719 17998 0 0 189216 189216 230935 207214 195218 169670 35717 37544 The primary purpose of the organization is to provide expense sharing arrangement for the use of private aircraft. Members pay hourly flight charges as well as membership dues to cover the costs of maintaining, housing and insuring the aircraft and direct flight expenses. Organizations aircraft were used for a substantial amount of charitable work including Angel Flight and Flights for Life as well as maintaining pilot currency 0 Paul Kearney Treasurer 5 0 0 0 Alan Blair Secretary 2 0 0 0 Richard Perry Maintenance Officer 15 0 0 0 Joel Long President 5 0 0 0 David Roberts Vice President 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NM Paul Kearney PO Box 91444 Albuquerque NM 87199 4259844981 0 0 0 0 0 0 0 0 Form 990-EZ, Part I, Line 16 Insurance, aircraft repairs Form 990-EZ, Part II, Line 24 Aircraft (2) Form 990-EZ, Part II, Line 26 Outstanding Loans secured by aircraft assets Crossroads Flying Club respectfully requests abatement of any late-filing penalty for our Form 990-EZ for the tax year ending 12/31/2024. The late filing was due to reasonable cause and not willful neglect. Crossroads Flying Club is a small, volunteer-run nonprofit flying club. We do not have paid accounting staff, and our financial and filing responsibilities are handled by volunteer officers who change periodically. During the period when this return would normally have been prepared and filed, we experienced a combination of administrative turnover and record-availability issues that delayed completion of a complete and accurate return. Specifically, there was a transition in the volunteer officer responsible for maintaining the books and records, and the club's supporting documentation (including bank statements, payment records, and year-end reconciliations) was not fully consolidated and available in a timely manner to prepare the return accurately. Because we prioritize submitting accurate information to the IRS, we did not want to file an incomplete or incorrect return. Once the issue was identified, the club took prompt corrective steps. We gathered and reconciled the missing records, re-established continuity for financial reporting, and confirmed the information necessary to complete the Form 990-EZ. We are filing the return as soon as practicable after restoring complete records. To prevent this from happening again, Crossroads Flying Club has implemented process improvements, including: (1) maintaining centralized, shared access to financial records for all current officers; (2) setting internal due-date reminders well in advance of the IRS deadline; and (3) documenting year-end close procedures so officer transitions do not disrupt compliance activities. Given these circumstances, Crossroads Flying Club believes the late filing resulted from reasonable cause and respectfully requests that any late-filing penalty be waived.