COLUMBIA, Mo. — AFCC Columbia became an approved non-profit organization by the government under Internal Revenue Code Section 501(c)(3). This means the club is exempt from federal taxes and that all donations to the club are considered write-offs.
Donors can deduct contributions they make under Internal Revenue Code Section 170.
“Our mission from day one has been to be a club that is solely community focused and being committed to being an asset for all of Columbia,” AFCC president Zach Fisher said. “Achieving this milestone just further proves our commitment to this goal and what our club is all about.”
Organizations such as AFC Columbia that are exempt under IRC Section 501(c)(3) must be recognized as charities or as private foundations. The club received notice from the Internal Revenue Service that its application was approved on Monday.
The club is also qualified to receive tax deductible bequests, transfers or gifts under Sections 2055, 2106 or 2522.
“This allowed the club to pursue its goals and is the one of our biggest steps in growing in our community,” AFCC director of communication Anthony Kristensen said. “We could not be more excited to be 501(c)(3) approved and we cannot wait to see what we do from here on out.”