EFTA01075659

Caution: Forms printed from within Adobe Acrobat products may not meet IRS or state taxing agency specifications. When using Acrobat 5.x products, uncheck the "Shrink oversized pages to paper size" and uncheck the "Expand small pages to paper size" options, in the Adobe "Print" dialog. When using Acrobat 6.x and later products versions, select "None" in the "Page Scaling" selection box in the Adobe "Print" dialog. CLIENT'S COPY EFTA01075659 How Arc You Managing. •• J.H. in H• CORN LLP 1212 Avenue effete Americas New York. NY 10036 Auto:y.1z and Ccrnsuturn grxe 1919 212-297-0400 fax 212-922-0913 totemjhcohniant CORE CLUB MEMBERS CORPORATION 66 E 55TH STREET NEW YORK , NY 10022 ENCLOSED ARE THE ORIGINAL AND ONE COPY OF YOUR 2006 CORPORATE TAX RETURNS, AS FOLLOWS... 2006 U.S. CORPORATION INCOME TAX RETURN 2006 NEW YORK CORPORATION INCOME TAX RETURN 2006 NEW YORK MTA SURCHARGE RETURN 2006 NEW YORK CITY CORPORATION INCOME TAX RETURN WE RECOMMEND THAT YOU SEND THE RETURNS TO THE TAXING AUTHORITIES BY CERTIFIED MAIL WITH A REQUEST FOR A RETURN RECEIPT. PLEASE RETAIN THE RECEIPT AS A PROOF OF TIMELY FILING. WE SINCERELY APPRECIATE THIS OPPORTUNITY TO SERVE YOU. IF YOU HAVE ANY QUESTIONS REGARDING THE RETURNS, PLEASE DO NOT HESITATE TO CALL. EACH ORIGINAL RETURN SHOULD BE DATED, SIGNED AND FILED IN ACCORDANCE WITH THE FILING INSTRUCTIONS. COPIES OF EACH RETURN SHOULD BE RETAINED FOR YOUR FILES. SINCERELY, JOEL BOFF NEX1 INTERNATIONAL H. Cohn Lin is a member of Nada International. a wodetwde network of independent accounting and consulting Sam EFTA01075660 2006 TAX RETURN FILING INSTRUCTIONS U.S. CORPORATION INCOME TAX RETURN FOR THE YEAR ENDING DECEMBER 31, 2006 Prepared for CORE CLUB MEMBERS CORPORATION 66 E 55TH STREET NEW YORK , NY 10022 Prepared by J.H. COHN LLP 1212 6TH AVENUE NEW YORK, NY 10036 To be signed and dated by THE APPROPRIATE CORPORATE OFFICER(S) . Amount of tax Total tax $ 0 Less: payments and credits $ 0 Pkts: interest and penalties $ 0 NO PMT REQUIRED $ Overpayment Credited to your estimated tax $ 0 Refunded to you $ 0 Make check NOT APPLICABLE payable to Mail tax return and check (if INTERNAL REVENUE SERVICE CENTER applicable) to CINCINNATI, OH 45999-0012 Return must be mafled on PLEASE SIGN AND MAIL AS SOON AS POSSIBLE. or before Special Instructions PLEASE REMOVE PRIOR TO FILING AND RETAIN FOR YOUR RECORDS 600084105.01.06 EFTA01075661 U.S. Corporation Income Tax Return OMR No. tS 45.01:3 Form1120 For calendar year 2006 or tax year Depaitmani ones Trooture Internal Revenue Svelte beginning , ending 2006 A Check it Use Name B c nyVx,e ttle.Thc- he I Conedidated return 0 IRS CORE CLUB MEMBERS CORPORATION (attach Form 851) label. 2 Personal licking co. Other- Number, street, and room or suite no. If a N. box, see instructions. Date incorporated (attach Sch. PH( r Personal service OXIA-1 wise, 66 E 55TH STREET 12/06/2004 (see instructions) print City or town, state, and ZIP code D 'Neal assets (see tons) 4 Schee:kite DA-3 requireh or type. (attach Sch. Inf NEW YORK NY 10022 51,576. E Check it 1)LJ Initial return (2)! I Final return (3)1_1 Name change (4)1_1 Address change 1 SOross receipts or sales ll 3,536,643. b Less returns and allowances I 169,926.Ic Bal P. lc 3,366,717. 2 Cost of goods sold (Schedule A, line 8) 2 3,920,908. 3 Gross profit Subtract line 2 from line lc 3 <554,191.: 4 Dividends (Schedule C, line 19) 4 5 Interest 5 8 6 Gross rents 6 S 7 Gross royalties 7 8 Capital gain net income (attach Schedule D (Form 1120)) 8 9 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) 9 10 Other income (attach schedule) 10 11 Total income. Add lines 3 through 10 Il.. 11 <554,191.: IDeductions (See Instructions for limitations on deductions.]l 12 Compensation of officers (Schedule E, line 4) 12 18 Salaries and wages (less employment credits) 13 14 Repairs and maintenance 14 16 Bad debts 15 15 Rents 16 400,000. 17 Taxes and licenses SEE STATEMENT 1 17 400. 18 Interest 18 19 Charitable contributions 19 20 Depreciation from Form 4562 not claimed on Schedule A or elsewhere on return (attach Form 4562) 20 21 Depletion 21 22 Advertising 22 23 Pension, profit-sharing, etc., plans 23 24 Employee benefit programs 24 26 Domestic production activities deduction (attach Form 8903) 25 26 Other deductions (attach schedule) SEE STATEMENT 2 26 128. 27 Total deductions. Add lines 12 through 26 Plo 27 400,528. 28 Taxable incomebeim net cperaleng bus dfxluction and spedial deductions. Subtract line 27 horn line li 28 <954,719.: 29 Less: a Net operating loss deduction ETATEMENT 3 I 29e I 0 . b Special deductions (Schedule C, line 20) .. 29b 29c 30 Taxable Income. Subtract line 29c from line 28 (see instructions) 30 <954,719.: 31 Total tax (Schedule J, line 10) 31 0. 32 a 2005 overpayment credited to 2006 32a Tax and Payments b 2006 estimated tax payments 32b c 2006 refund applied for on Form 4466 32c ) d Bat II. 32d e Tax deposited with Form 7004 32e f aeon: ( 1) Form 2939 ( 2)Form 4138 32f g Credit for federal telephone excise tax paid (attach Form 8913) 32g 32h 33 Estimated lax penalty (see instructions). Check if Form 2220 is attached P . 0 33 34 Amount owed. If line 32h is smaller than the total of lines 31 and 33, enter amount owed 34 0 . 35 Overpayment. If line 32h is larger than the total of lines 31 and 33, enter amount overpaid 35 I 36 Enter amount from line 35 you want Credited to 2007 estimated tax Ilw Refunded O. 36 Under penalties ol damn I declare that I have exambed this return. Including acomrdanyeng schedules and statements. and to the best of my knowledge end babel. II as true. si gn correct. end complete. Declaration of prepotet fans than taxpayer) la based on all Information of which predator has any knowledge. Is kakpni 17 4 tetra 4:7P•id srl'aem Here L r syvauwor arrow I Dale 'rx l_x] Yes No PlOpdifWA Oat. Check it vonatio. sell-ernployed Paid Preparers irmittnamt J •H • COHN LLP Eli Use Only rce voy,, 4 r•etenVoYed). 1212 6TH AVENUE Phone no. F IIIIIIII I--- adder.% and 2IP code NEW YORK, NY 10036 ,V 06;t in JWA For Privacy/Paperwork Reduction Act Notice, see Instructions. 1 Form 1120 (2006) 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075662 Feimil20'2036i CORE CLUB MEMBERS CORPORATION Page2 Schedule A Cost of Goods Sold (see instructions) 1 Inventory at beginning of year 76,649. 2 Purchases 2 3,894,070. 3 Cost of labor 3 4 Additional section 263A costs (attach schedule) 4 5 Other costs (attach schedule) 5 6 Total. Add fines 1 through 5 6 3,970,719. 7 Inventory at end of year 7 49,811. 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, ine 2 8 3,920,908. 9a Check all methods used for valuing closing inventory: (i) M Cost (ii) 0 Lower of cost or market (iii) 0 Other (Specify method used and attach explanation.) ON• b Check if there was a writedovm of subnormal goods c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) II, 0 d If the LIFO inventory method was used for this tax year, enter percentage (or amounts) of closing inventory computed under LIFO I 9d e If property is produced or acquired for resale, do the rules of section 263A apply to the corporation? U Yes LXJ No f Was there any change in determining quantities, cost, or valuations between opening and c osing inventory? 11 11 (a)Dividends (c)Special deductions Schedule C Dividends and Special Deductions (see instructions) received (b) % (a)x (b) 1 Dividends from less-than-20%-owned domestic corporations (other than debt-financed stock) 70 2 Dividends from 20%-or-more-owned domestic corporations (other than debt-financed stock) 80 .34, 3 Dividencb on debt-financed stock of domestic and foreign corporations int*UCtron: 4 Dividends al certain prekrred stock of less-than-20%-owned pubic utilities 42 5 Dividends al certain preferred stock of 2094 -cr-more-onned public otitis; 48 8 Dividends Iran lesa-than-2094 -sued foreign cerporations and certain FSCs 70 7 Dividends from 2016 -or-rnse-ovmed forces, corporations and certainFSCs 80 8 Dividends from wholly owned foreign subsidiaries 100 9 Total. Add lines 1 through 8 10 Dividends from domestic corporations received by a small business investment company operating under the Small Business Investment Act of 1958 100 11 Dividends Iran affiliated grow members 100 12 Dividends Iran certain FSCs 100 13 Dividends flan foreign caporalians not friduled on Ores S. 8. 7.8. 11. er 12 14 inane from catoled foreign corporatists under subpart F (attach Forns)5471) 15 Foreign dividend gross-up 16 oc -DISC and former DISC dividends nor included on Ines 1.2. or 3 17 Other dividends 18 Deduction for dividends paid on certain preferred stock of public ditties r 19 Total dividends. Add lines 1 through 17. Enter here and on page 1, line 4 IP' 20 Total special deductions. Add lines 9. 10. 11. 12. and 18. Enter here and on page 1, line 29 Ow Schedule E Compensation of Officers Iciergu ctir e ath= le 0;li lie rro erects dine la tabs fines 4 through 10 al page 'Owe $600.000 Cr more. (b)Social security (c) Percent of Percent of corporation (f)Amount of (a) Name of officer time devoted stock o erred number compensation to business (d) Common (e) Preferre d ILIENNIE SAUNDERS 100.00% 2 Total compensation of officers 3 Compensation of officers claimed on Schedule A and elsewhere on return 4 Subtract line 3 from line 2. Enter the result here and on page 1. line 12 01.0247 JWA Form 1120 (2006) 2 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075663 Form 1120 (2006) CORE CLUB MEMBERS CORPORATION Page 3 Schedule J I Tax Computation (see instructions) 1 Check if the corporation is a member of a controlled group (attach Schedule 0 (Form 1120)) od_J 2 Income tax. Check if a qualified personal service corporation (see instructions) P• 2 0. 3 Alternative minimum tax (attach Form 4626) 3 4 Add lines 2 and 3 4 0. 5a Foreign tax credit (attach Form 1118) 5a b Qualified electric vehicle credit (attach Form 8834) 5b c General business credit Check applicable box(es): El Form 3800 El Form 6478 D Form 8835, Section B Q Form 8844 5c d Credit for prior year minimum tax (attach Form 8827) 5d e Bond credits from: D Form 8860 0 Form 8912 5e 6 Total credits. Add lines 5a through 5e 6 7 Subtract line 6 from line 4 7 0. 8 Personal holding company tax (attach Schedule PH (Form 1120)) 8 9 Other taxes. Check if from' CI Form 4255 El Form 8611 El Form 8697 Form 8866 0 Form 8902 0 Other (attach schedule) 9 10 Total tax. Add lines 7 through 9. Enter here and on page 1, Fine 31 10 0. Schedule K I Other Information (see instructions) 1 Check accounting method: a I I Cash b LXJ Accrual Yes No 7 At anytime during the tax year, did one foreign person Yes No c 0 Other (specify) Iln• own, directly or indirectly, at least 25% of (a) the total voting power of all classes of stock of the corporation 2 See the instructions and enter the: entitled to vote or (b) the total value of all classes of stock a Business activity code no. Iii. of the corporation? X b BuyilirapCbVily 00 PRIVATE MEMBERS CLUB If 'Yes," enter (a)Percentage owned Or. c Proaci co 'WACO P. PRIVATE MEMBERS CLUB and (b) Owners country Illi. 3 At the end of the tax year, did the corporation own, directly or c The corporation may have to file Form 5472, Information indirectly, 50% or more of the voting stock of a domestic Return of a 25% Foreign-Owned U.S. Corporation or a corporation? (For rules of attribution, see section 267(c).) X Foreign Corporation Engaged in a U.S. Trade or Business. If "Yes; attach a schedule showing: (a) name and Enter number of Forms 5472 attached Illli• employer identification number (EIN), (b) percentage owned. 8 Check this box if the corporation issued publicly offered and (e) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending with or debt instruments with original issue discount I, 0 within your tax year. If checked, the corporation may have to file Form 8281, 4 Is the corporation a subsidiary in an affiliated group or a Information Return for Publicly Offered Original Issue parent-subsidiary controlled group? X Discount Instruments. If "Yes; enter name and EIN of the parent corporation Ili• 9 Enter the amount of tax-exempt interest received or accrued during the tax year Illi• $ 10 Enter the number of shareholders at the end of the tax 5 At the end of the tax year, did any individual, partnership, year (if 100 or fewer) Illi. corporation, estate, or trust own, directly or indirectly, 50% or more of the corporation's voting stock? (For rules 11 If the corporation has an MX for the tax year and is of attribution, see section 267(c).) STATEMENT 4 X electing to forego the carryback period, check here Ili. RI If "Yes; attach a schedule showing name and identifying If the corporation is filing a consolidated return, the statement required by Temporary Regulations section 1.1502-21T(b)(3) number. (Do not include any information already entered must be attached or the election will not be valid. in 4 above.) Enter percentage owned IIII• 100.00 12 Enter the available NOL carryover from prior tax years 6 During this tax year, did the corporation pay dividends (other (Do not reduce it by any deduction on line than stock dividends and distributions in exchange for stock) 2%.) Ilu. $ 12,560. in excess of the corporation's current and accumulated earnings and profits? (See sections 301 and 316.) X 13 Are the corporation's total receipts (line la plus lines 4 through If "Yes; file Form 5452, Corporate Report of 10 on page 1) for the tax year and its total assets at the end of the Nondividend Distributions. tax year less than $250,000? X If 'Yes," the corporation is not required to complete Schedules L, If this is a consolidated return, answer here for the parent M-1, and M-2 on page 4. Instead, enter the total amount of cash corporation and on Form 851, Affiliations Schedule, for distributions and the book value of properly distributions (other each subsidiary. than cash) made during the tax year. Ilu.$ Note: If the corporation, at any time during the tax year, had assets or operated a bu mess in a foreign country or U.S. possession, it may be required to attach Schedule N (Form 1120), Foreign Operations of U.S. Corporations, to this eturn. See Schedule N for details. JWA Form 1 120 (2006) 611671 12-20-06 3 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075664 Fwm1120000 CORE CLUB MEMBERS CORPORATION Pape 4 Schedule L I Balance Sheets per Books Beginning of tax yw End of la. Assets (a) (b) (c) (d) 1 Cash 2a Trade notes and accounts receivable b Less allowance for bad debts ( 3 Inventories 76,649. 49,811. 4 U.S. government obligations 5 Tax-exempt securities 6 oirs currant Mate tan. scizi 7 Loans to shareholders 8 Mortgage and real estate bans 9 Other investments (att. sae) 10a Buildings and other depreciable assets b Less accumulated depreciation ( 11a Depletable assets b Less accumulated depletion 12 Land (net of any amortization) • 13a Intangble assets (amortizable only) 12,775. 1,925. b Less accumulated amortization ( 32.) 12,743. ( 1604 1,765. 14 Other assets (at sch.) 15 Total assets 89,392. 51,576. Liabilities and Shareholders' Equity 16 Accounts payable 17 Mortgages. notes. bolds payable in less ton 1 seer 18 Other current liabilities (ate Bch.) $TMT 5 22,133. 28,004. 19 Loans from shareholders 20 titai0e9aia. meet bonds pay**. in I yew of moo 21 Other Ibbilities (att. sch.) . STMT 6 79,819. 990,851. 22 Capital stock: a Preferred stock I) Common stock 23 Additional paid-in capital 24 2:Isn't ti inrirairac; mutate 25 Retained earnings -Unappropriated <12,560.> <967,279. 26 cc Atisyl=c5ht°sr:at: liar'5. 27 Less cost of treasury stock ) 28 Total liabilities and shareholders' equity.. 89 , 392 . 51,576. I Schedule M-1 I Reconciliation of Income (Loss) oer Books With Income oar Return Note: Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or more - see instructions 1 Net income (loss) per books <954,719 >7 Income recorded on books this year not 2 Federal income tax per books included on this retum (itemize): 3 Excess of capital losses over capital gains Tax-exempt interest $ 4 InCOme SitbJeCt to tax not regarded on WOKS MIS year (itemize): 8 Deductions on this retum not charged 5 Expenses recorded on books this year not against book income this year (itemize): deducted on this retum (itemize): a Depreciation 010/1191:010 a Depreciation contribution:a & charitable u contriatilione Travel and geortalnment . $ 9 Add lines 7 and 8 6 Add lines 1 through 5 <954,719 >10 Income (page 1. line 28)- foe 6 less line 9 <954,719.> Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Line 25, Schedule L) 1 Balance at beginning of year <12,560 • >5 Distributions: a Cash 2 Net income (loss) per books <954,719 b Stock 3 Other increases (itemize): c Property 6 Other decreases (itemize): 7 Add lines 5 and 6 4 Add lines l, 2 and 3 <9 67 279 . >8 Balance at end of year ine 4 less line 7 <967.279.> 611631 RAm 12.29-06 um% Form 1120 (2006) 4 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075665 Alternative Minimum Tax - Corporations FOrm 4626 OP See separate instructions. OLIO No. 1535-0175 Depadrneril of the Tieatury Interns Revenue SoatvICO Name di. Attach to the corporation's tax return. 2006 CORE CLUB MEMBERS CORPORATION Note: See the instructions to find out if the corporation is a small corporation exempt from the alternative minimum tax (AMT) under section 55(e). 1 Taxable income or (loss) before net operating loss deduction 1 <954,719.> 2 Adjustments and preferences: a Depreciation of post-1986 property 2a b Amortization of certified pollution control facilities 2b c Amortization of mining exploration and development costs 2c d Amortization of circulation expenditures (personal holding companies only) 2d e Adjusted gain or loss 2e f Long-term contracts 2f g Merchant marine capital construction funds 2g Section 833(b) deduction (Blue Cross, Blue Shield, and similar type organizations only) 2h I Tax shelter farm activities (personal service corporations only) 2i j Passive activities (closely held corporations and personal service corporations only) 2j k Loss imitations 2k I Depletion 21 m Tax-exempt interest income from specified private activity bonds 2m n Intangible drilling costs 2n o Other adjustments and preferences 2o 3 Pre-adjustment alternative minimum taxable income (AMTI). Combine Ines 1 through 2o 3 <954,719.> 4 Adjusted current earnings (ACE) adjustment a ACE from line 10 of the ACE worksheet in the instructions 4a <954,719. b Subtract line 3 from line 4a. If line 3 exceeds line 4a, enter the difference as a negative amount (see instructions) 4b 0. c Multiply line 4b by 75% (.75). Enter the result as a positive amount 4c d Enter the excess, if any, of the corporation's total increases in AMTI from prior year ACE adjustments over its total reductions in AMTI from prior year ACE adjustments (see instructions). Note: You must enter an amount on line 4d (even if line 4b is positive) 4d e ACE adjustment • If line 4b is zero or more, enter the amount from line 4c • If line 4b is less than zero, enter the smaller of line 4c or line 4d as a negative amount Je 4e 0. 5 Combine lines 3 and 4e. If zero or less, stop here; the corporation does not owe any NAT 5 <954,719.> 6 Alternative tax net operating loss deduction (see instructions) 6 7 Alternative minimum taxable income. Subtract line 6 from line 5.1f the corporation held a residual interest in a REMIC, see instructions 7 8 Exemption phase-out (if line 7 is $310,000 or more, skip lines 8a and Bb and enter -0- on line 8c): a Subtract $150,000 from line 7 (if completing this line for a member of a controlled group, see instructions). Bzero or less, enter -0- 8a D Multiply line 8a by 25% (25) 80 c Exemption. Subtract line 8b from 540,000 (if completing this ine fora member of a controlled group, see instructions). If zero or less, enter -0- 8c 9 Subtract line 8c from line 7. If zero or less, enter -0- 9 10 Multiply line 9 by 20% (.20) 10 11 Alternative minimum tax foreign tax credit (AMTFTC) (see instructions) 11 12 Tentative minimum tax. Subtract line 11 from line 10 12 13 Regular tax liability before applying all credits except the foreign tax credit and the American Samoa economic development credit 13 14 Alternative minimum tax. Subtract line 13 from line 12.1f zero or less, enter -0-. Enter here and on Form 1120. Schedule J. line 3, or the appropriate line of the corporation's income tax return 14 JWA For Paperwork Reduction Act Notice, see the instructions. Form 4626(2006) 617001 01.09-07 5 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075666 CORE CLUB MEMBERS CORPORATION Adjusted Current Earnings (ACE) Worksheet Oro See ACE Worksheet Instructions. 1 Pre-adjustment AMTI. Enter the amount from line 3 of Form 4626 <954,719.> 2 ACE depreciation adjustment: a AMT depreciation 2a ACE depreciation: (1) Post-1993 properly 20(1) (2) Post-1989, pre-1994 properly 2b(2) (3) Pre-1990 MACRS property 2b(3) (4) Pre-1990 original ACRS property 2b(4) (6) Property deserted in sections 168(f)(1) through (4) 2b(5) (6) Other property 2b(6) (7) Total ACE depreciation. Add lines 2b(1) through 2b(6) 2b(7) c ACE depreciation adjustment. Subtract line 2b(7) from line 2a 2c 3 Inclusion in ACE of items included in earnings and profits (M): a Tax-exempt interest income 3a b Death benefits from life insurance contracts 3b c All other distributions from life insurance contracts (inducting surrenders) 3c d Inside buildup of undistributed income in life insurance contracts 3d e Other items (see Regulations sections 1.56(g)-1(c)(6)(iii) through (k) for a partial list) 3e f Total increase to ACE from inclusion in ACE of items included in Add Ines 3a through 3e 3f 4 Disallowance of items not deductible fromIM a Certain dividends received 4a Dividends paid on certain preferred stock of public utikties that are deductible under section 247 4b c Dividends paid to an ESOP that are deductible under section 404(k) 4c d Nonpatronage dividends that are paid and deductible under section 1382(c) 4d e Other items (see Regulations sections 1.56(g)-1(d)(3Xi) and (ii) fora partial list) 4e f Total increase to ACE because of disallowance of items not deductible from Add lines 4a through 4e 4f 5 Other adjustments based on rules for figuring a Intangible drilling costs 5a b Circulation expenditures 50 c Organizational expenditures Sc d LIFO inventory adjustments 5d e Installment sales 5e f Total other adjustments. Combine lines 5a through 5e 5f 6 Disallowance of loss on exchange of debt pools 6 7 Acquisition expenses of life insurance companies for qualified foreign contracts 7 8 Depletion 8 9 Basis adjustments in determining gain or loss from sale or exchange of pre-1994 properly 9 10 Adjusted current earnings. Combine tines 1, 2c, 3f, 4f, and 5f through 9. Enter the result here and on Ine 4a of Form 4626 10 <954,719.> 617021 05.01-06 6 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075667 OMR No 1".4!1-0172 Fenn 4562 Depreciation and Amortization 2006 (Including Information on Listed Property) OTHER Department of the Treason Atlactrm-nt Internal Revenue Service le- See separate instructions. ► Attach to your tax return. Sequence No. 67 Narnds)shonn on return Business or ?Mealy to which this fpm relates kknufying mender CORE CLUB MEMBERS CORPORATION OTHER DEPRECIATION IPart I Election To Expense Certain Property Under Section 179 Note:If you have any listedproperly, compkrte Part Vbefore you complete Pact I. 1 Maximum amount. See the instructions fora higher limit for certain businesses 1 108,000. 2 Total cost of section 179 property placed in service (see instructions) 2 3 Threshold cost of section 179 property before reduction in limitation 3 430,000. 4 Reduction in !irritation. Subtract Ste 3 from line 2. If zero or less, enter to- 4 5 °oar Imitation fat tax yea. Subtract line 4 from line 1. if ,pop bit enter -0-. II married filing sweat*. see Instructions 6 6 0dOescriptcn &property da) cost dewiness use ceilyi toElected coat 7 Listed property. Enter the amount from line 29 7 8 Total elected cost of section 179 property. Add amounts In column c), lines 6 and 7 8 9 Tentative deduction. Enter the smaller of line 5 or line 8 9 10 Carryover of disallowed deduction from line 13 of your 2005 Form 4562 10 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 11 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 12 13 Carryover of disallowed deduction to 2007. Add lines 9 and 10, less line 12 13 Note: Do not use Part ll or Part III below for listedproperty. Instead, use Part V. I14Part III Special Depreciation Allowance and Other Depreciation (Do not include listed property.) Special allowance for qualified New York Liberty or Guff Opportunity Zone property (other than listed property) placed in service during the tax year 14 15 Property subject to section 168(f)(1) election 15 16 Other depreciation (including ACRS) 16 I Part III MACRS Depreciation (Do not include listed property.) (See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2006 I 18 If you are electing to group any assets placed in service during the tax year Into one m mom general asset accounts. check hire P. Li Section B - Assets Placed in Service During 2006 Tax Year Using the General Depreciation System cal Month and (c) Sass tor depreciation (0Cleestfication of INOPOIV year placed (CosInessinvestment use Rec''''"11 (reerriareuen armorial (di period (9) DePrGan0n deduction In service only • see Instructions) 19a 3-year property b 5-year property e 7-year property d 10-year property e 15-year property f 20.year property g 25-year property 25 yrs. S/L / 27.5 yrs. MM SiL h Residential rental property / 27.5 yrs. MM S/L / 39 yrs. MM S/L I Nonresidential real property / MM S/L Section C - Assets Placed in Service During 2006 Tax Year Using the Alternative Depreciation System 20a Class life S/L b 12-year 12 yrs. S/L c 40-year / 40 yrs. MM S/L Part IV I Summary (see instructions) 21 Listed property. Enter amount from Ste 28 21 22 Total. Add amounts from Ste 12, lines 14 through 17, Nnes 19 and 20 In column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations • see Instr. 22 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 616251 LI-IA For Paperwork Reduction Act Notice, see separate instructions. Form 4562 (2006) 16 17-06 7 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075668 Form 4562 (2006) CORE CLUB MEMBERS CORPORATION Page 2 Part V Listed Property (Include automobiles, certain other vehicles. cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b. columns (a) throuqh (0 of Section A. all of Section B, and Section Cif applicable. Section A - Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to support the businessnnvestment use claimed? LJ Yes Li No 24b If "yes," is the evidence written? U Yes U No (a) (b) (c) (d) (o) 10 (9) (h) (I) Type of property Date Business/ Baal" deraCiab°n Recovery Method/ Depreciation Elected placed in investment Cost or 0 Lehetsinvestmmt (list serv )first vehicles COM period Convention deduction section 179 ice use percentage other basis Uge cost 25 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property placed in service during the tax year and used more than 50% in a qualified b siness use 25 28 Property used more than 50% in a qualified business use: 27 Property used 50% or less In a qualified business use: S/L • S/L • S/L • 28 Add amounts in column (11). lines 25 through 27. Enter here and on tine 21, page 1 29 Add amounts in column (i), line 26. Enter here and on line 7. page 1 29 Section B - Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor, partner, or other more than 5% owner." or related person. If you provided vehicles to your employees. first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles. (a) (b) (e) (d) (e) M 30 Total business/investment miles driven during the vehicle Vehicle Vehicle Vehicle. Vehicle Vehicle year (do not include commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add lines 30 through 32 34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes No during oft-duty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 Is another vehicle available for personal use? Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5% owners or related persons. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes No employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If your answer to 37, 38, 39, 40, or 41 is "Yes," do not complete Section B for the covered vehicles. Part VI I Amortization (a) (b) (c) (d) lc) Description of costs an0012.1140 Arnortitable code Arnortizatron traptei amount motion p0100cipiorl.. , In IN year 42 Amortization of costs that begins during your 2006 tax year 43 Amortization of costs that began before your 2006 tax yea 128. 44 Total. Add amounts in column (0. See the instructions for where to report 128. emu/v-174o Form 4562 (2006) 8 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075669 ELECTION TO WAIVE THE NET OPERATING LOSS CARRYBACK PERIOD CORE CLUB MEMBERS CORPORATION 66 E 55TH STREET NEW YORK , NY 10022 EMPLOYER IDENTIFICATION NUMBER: FOR THE YEAR ENDING DECEMBER 31, 2006 CORE CLUB MEMBERS CORPORATION HEREBY ELECTS, PURSUANT TO SEC. 172(B)(3) OF THE INTERNAL REVENUE CODE, TO RELINQUISH THE ENTIRE CARRYBACK PERIOD WITH RESPECT TO THE NET OPERATING LOSS INCURRED FOR THE TAX YEAR ENDED DECEMBER 31, 2006, AND WILL HAVE SUCH LOSS AVAILABLE FOR CARRYFORWARD ONLY. EFTA01075670 CORE CLUB MEMBERS CORPORATION FORM 1120 TAXES AND LICENSES STATEMENT 1 DESCRIPTION AMOUNT NEW YORK TAXES - BASED ON INCOME 400. TOTAL TO FORM 1120, LINE 17 400. FORM 1120 OTHER DEDUCTIONS STATEMENT 2 DESCRIPTION AMOUNT AMORTIZATION 128. TOTAL TO FORM 1120, LINE 26 128. NET OPERATING LOSS DEDUCTION STATEMENT 3 LOSS PREVIOUSLY LOSS AVAILABLE TAX YEAR LOSS SUSTAINED APPLIED REMAINING THIS YEAR 12/31/05 12,560. 12,560. 12,560. NOL CARRYOVER AVAILABLE THIS YEAR 12,560. 12,560. 10 STATEMENT(S) 1, 2, 3 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075671 CORE CLUB MEMBERS CORPORATION OTHER INFORMATION 50% OR MORE OF VOTING STOCKS OWNED BY STATEMENT 4 (A) NAME JENNIE SAUNDERS ADDRESS IDENTIFYING NUMBER (B) PERCENT OF STOCK 100.00% SCHEDULE L OTHER CURRENT LIABILITIES STATEMENT 5 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR ACCRUED EXPENSES - SALES TAX 22,133. 28,004. TOTAL TO SCHEDULE L, LINE 18 22,133. 28,004. SCHEDULE L OTHER LIABILITIES STATEMENT 6 BEGINNING OF END OF TAX DESCRIPTION TAX YEAR YEAR DUE TO CORE CLUB 55TH STREET 79,819. 990,851. TOTAL TO SCHEDULE L, LINE 21 79,819. 990,851. 11 STATEMENT(S) 4, 5, 6 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075672 2006 DEPRECIATION AND AMORTIZATION REPORT - CURRENT YEAR FEDERAL - CORE CLUB MEMBERS CORPORATION • Ar.sol Date tiro Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year nt.x. Description A quired Method Life No. Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction 12START UP COSTS 071705 180M 43 1,925. 1,925. 32. 128. * TOTAL OTHER DEPRECIATION & AMORT 1,925. 1,925. 32. 128. 26102 7-28.06 (D) Asse disposed • ITC. Section 179. Salvage. Bonu . Commercial Revitalization Deduction. GO Zone EFTA01075673 2007 DEPRECIATION AND AMORTIZATION REPORT - NEXT YEAR FEDERAL - CORE CLUB MEMBERS CORPORATION • ASS.01 Date Unadjusted Basis For Accumulated Amount 01 No. Description Acquired Method Life Cost Or Basis Reduction In Depreciation Depreciation Depreciation Basis 12START UP COSTS 071705 180M 1,925. 1,925. 160. 128. * TOTAL OTHER DEPRECIATION & AMORT 1,925. 1,925. 160. 128. AMT DEPRECIATION 0. 0. 0. 0. ACE DEPRECIATION 0. 0. 0. 0. 28103 ID) • Asset disposed • ITC. Section 179. Salvage. HR 3O90. Commercial Revitalization Deduction. GO Zone 5-01-06 EFTA01075674 2006 TAX RETURN FILING INSTRUCTIONS NEW YORK FORM CT-4 FOR THE YEAR ENDING DECEMBER 31, 2006 Prepared for CORE CLUB MEMBERS CORPORATION 66 E 55TH STREET NEW YORK , NY 10022 Prepared by J.H. COHN LLP 1212 6TH AVENUE NEW YORK, NY 10036 Tobesignedand dated by THE APPROPRIATE CORPORATE OFFICER(S). Amountoftax Totaltax $ 100.00 Less: payments and credits $ 100.00 Pkts: interest and penalties $ 0.00 NO PMT REQUIRED $ Overpayment Credited to your estimated tax $ 0.00 Refunded to you $ 0.00 Make check NOT APPLICABLE payable to Mail tax return NYS CORPORATION TAX andcheckOf PROCESSING UNIT applicable)to P.O. BOX 22101 ALBANY, NY 12201-2101 Betummustbe PLEASE SIGN AND MAIL AS SOON AS POSSIBLE. mailed on or before Special Instructions PLEASE REMOVE PRIOR TO FILING AND RETAIN FOR YOUR RECORDS 600084105.01.06 EFTA01075675 2006 TAX RETURN FILING INSTRUCTIONS NEW YORK FORM CT-3M/4M FOR THE YEAR ENDING DECEMBER 31, 2006 Prepared for CORE CLUB MEMBERS CORPORATION 66 E 55TH STREET NEW YORK , NY 10022 Prepared by J.H. COHN LLP 1212 6TH AVENUE NEW YORK, NY 10036 Tobesignedand dated by THE APPROPRIATE CORPORATE OFFICER(S). Amount of tax Total tax $ 55.00 Less: payments and credits $ 0.00 Plus: interest and penalties $ 0.00 BALANCE DUE $ 55.00 Overpayment Credited to your estimated tax 0 . 00 Refunded to you 0.00 Make check NEW YORK STATE CORPORATION TAX payable to Mail tax return NYS CORPORATION TAX andcheckOf PROCESSING UNIT applicable)to P.O. BOX 22101 ALBANY, NY 12201-2101 Retummustbe PLEASE SIGN AND MAIL AS SOON AS POSSIBLE. mailed on or before Special Instructions PLEASE REMOVE PRIOR TO FILING AND RETAIN FOR YOUR RECORDS THE MTA SURCHARGE RETURN SHOULD BE FILED WITH (BUT NOT ATTACHED TO) THE NEW YORK FRANCHISE TAX RETURN. 600084105.01.06 EFTA01075676 2006 CT-4 Staple amebae New York State Department of Taxation and Finance General Business Corporation Franchise Tax Return Short Form Tax Law - Article 9-A All filers must enter tax period: Final return I Amended return I beginning I 0 1 - 0 1 - 06 ending I 12-31-06 'son page 4 the instructions) Errployor ionnulication Norton Filo number Staness tryleghoge number I AA3 x you Sall an Ovapayrnent. Mit an %In the bOX Legal name a corporation CORE CLUB MEMBERS CORPORATION Pada narrorDBA Nang elms in dillertnleal PM! n3Mlaberfl Stale a county ot InarriaratIon Owe recebred Nor Tax Dept use Ontll do Number and Street or PO box On of ricorporeilan 66 E 55TH STREET 12-06-04 env State ZP cafe Foreign corporations: date began business in NYS NEW YORK NY 10022 NAICS Dn.:intr. code number (from federal return) addretol above I your rums. empbyerianigesson mobs. Name. or oemitilonielormilim Ns Audi (fa Tax Dept use only) S new. mark an chars/Sipe must IN Form OTT95 Hong you akIrms has (belga yes mylle X In the box I Fonn 01F96. You can gti IMBtamstonouWeborb.byhxor by Mont Sae NW Mile fie Mouths& Principal Dignifies, aaArny PRIVATE MEMBERS CLUB See Form CT.3/4.1, Instructkos for Forms CT-4, CT-3, and CT-3-ATT, before completing this return. Metropolitan transportation business tax (MTA surcharge) During the tax year did you do business, employ capital, own or lease property, or maintain an office in the Metropolitan Commuter Transportation District (MCTD)? If Yes, you must file Form CT3W4M. The MCTD includes the counties of New York, Bronx. Kings, Queens, Richmond, Dutchess Nassau. Orange. Putnam, Rockland. Suffolk, and Westchester. (mark an X in the appropriate box) Yes . X No A. Pay amount shown on line 45. Make check payable to: New York State Corporation Tax Payment enclosed *Attach your payment here. Detach all check stubs. (See instructions for details.) I A. B. Federal return filed (you must mark an X in one): Attach a complete copy of your federal return. Form 1120 • X Form 1120A • Form 11208 • Consolidated basis • Form 11204t I Other: • C. If you included a qualified subchapter S subsidiary (QSSS) In this return, mark an X in the box and attach Form CT430 oss9 D. Mark an X in the box only if you need a tax packet mailed to you next year (see instructions) E. Did the entity have an Interest in real property located in New York State during the last 3 years? (mark an X in the appropriate box) Yes • No • X F. Has there been a transfer or acquisition of controlling interest in the entity during the last 3 years? (mark an X in the appropriate box) Yes • No • X (continued) 66500 I I .78-06 1019 44601061019 EFTA01075677 Page 2o14 CT-4(2006) CORE CLUB MEMBERS CORPORATION Computfdnofentirenetincome(ENgbaseisf*Ingnicum0 1 Federal taxable income (FM) before net operating loss (NOL) and special deductions • 1. -954,719. 2 Interest on federal, state, municipal and other obligations not included on line 1(see instr) • 2. 3 Interest paid to a cap stockholder owning more than 50% of issued and outstanding stock • 3. 4 New York State and other state and local taxes deducted on your federal return (see instr) • 4. 400. 5 Federal depreciation from Form CTS99, if applicable (see instructions) et 6 Add lines 1 through 5 et -954,319. 7 New York net operating loss deduction (NOLD)(att fed and NY State computations) • 7. 0. 8 Allowable New York depreciation from Form CT-399, if applicable (see instructions) et 9 Refund or credit of certain taxes (see instructions) et 10 Total subtractions (add lines 7 through 9) • 10. 11 ENI base (subtract line 10 from line 6; show loss with a minus (4 sign; enter here and on In 21) • 11. -954,319. 12 ENI base tax (multiply line 11 by the appropriate rate from the Tax rates schedule on page 5 of Form CT-3/4-r: enter here and on line 28) • 12. 0. Computation of capital base (enter whole dollars for lines 13 through 18: see iltStrUCti0114 A B C Beginning of year End of year Average value 13 Total assets from federal return • 89,392. • 51,576. • 70,484. 14 Real property and marketable securities included on line 13 • 15 Subtract line 14 from line 13 89,392. 51,576. • 70,484. 16 Real property and marketable securities at fair market value • 17 Adjusted total assets (add lines 15 and 16) 89,392. 51,576. • 70,484. 18 Total liabilities 101,952. 1,018,855. • 560,404. 19 Capital base (subtract line 18, column C, from line 17. column C) • 19. -489,920. 20 Capital base tax (see instructions) 40 20. Computation of minimum taxable income (MTI) base 21 ENI base from line 11 21. -954,319. 22 Depreciation of tangible property placed in service after 1986 (see Instructions) • 22. 23 New York NOLD from line 7 • 23. 0. 24 Total (add lines 21 through 23) 24. -954,319. 25 Alternative net operating loss deduction (ANOLD) (see Instructions) *25. 26 MTI base (subtract line 25 from line 24) 40 26. -954,319. 27 Tax on MTI base (multiply Me 26 by 2.5% (.025): see Instructions) • 27. 0. (continued) 61168902 -22-06 1019 44602061019 EFTA01075678 CT-4 (2006) Page 3 of 4 J CORE CLUB MEMBERS CORPORATION Computation of tax 28Tax on ENI base from line 12 0. 29 Tax on capital base from line 20 (see instructions) New small business: First year • Second year • • 29. 30 Fixed dollar minimum tax (See Table 6 h? the Tax rates schedule on page 5 ofForm CT-3/4-1 You must enter an amount on each of lines 31, 32, and 33; see Instructions) • 30. 100. 31Gross payroll everywhere (see instructions) • 31. 0. 32Total receipts evenpMere (see instructions) • 32. 3,366,717. 33Average value of gross assets everywhere (see Instructions) • 33. 70,484. 34 Tax due (amount from line 27, 28, 29, or 30, whichever Is largest; see instructions for exception' 34. 100. First Installment of estimated tax for next period: 35a If you filed a request for extension, enter amount from Form CT•5, line 2 • 35a. 35b If you did not file Form CT•5 and line 34 is over $1,000, enter 25% (.25) of line 34 35b. 0. 36Add line 34 and line 35a or 35b 36. 100. 37Total prepayments from line 56 • 37. 100. 38 Balance (subtract line 37 from line 36; Ifline 37 Is more than Me 36, enter 0) 38. 0. 39 Penalty for underpayment of estimated tax (mark an X In the box It Fam CT-222 IS oltanne•• • 39. 0. 40 Interest on late payment (see instructions) • 40. 41Late fang and late payment penalties (see Instructions) • 41. 42 Balance (add Nnes 38 through 41) 42. 0. Voluntary gifts/contributions (see instructions): 43aAmount for Return a Gift to Wildlife I 49a. 43bAmount for Breast Cancer Research and Education Fund 43b. 43cAmt for Prostate Cancer Research, Direction, and Education Fund I 43c. 43d Amount for World Trade Center Memorial Foundation Fund • 43d. 44Total (add fines 36, 39, 40, 41, and 43a through 43d) 44. 100. 45 Balance due if line 37 is less than line 44, subtract line 37 from line 44 and enter here. This is the amount due; enter the payment amount on line A on page 1) I 45. 0. 460verpayment (if line 371s more than line 44, subtract line 44 from Me 37. This is your overpayment; enter here and see instructions) 46. 47Amount of overpayment to be credited to next period I 47. 48 Balance of overpayment (subtract line 47 from line 46) • 48. 49Amount of overpayment to be credited to Form CT3M/4M • 49. 50 Refund of overpayment (subtract line 49 from line 48) I 50. Composition of prepayments on line 37 Data paid Amount 51 Mandatory first Installment 61. 52a Second installment from Form CT400 52a. 52bThird installment from Form CT400 521). 52c Fourth installment from Form CT400 520. 53 Payment with extension request from Form CM, line 5 sa. 540verpayment credited from prior years ParbO 54. 55 Overpayment credited from Form CT•3M/4M Poled 55. 56 Total prepayments (add lines 51 through 55; enter here and on line 37) W. 100. 6617.2%36 1019 (continued) 1... 44603061019 EFTA01075679 Page 4 of 4 CT-4 (2006) Interest paid to shareholders 67 Did this corporation make any payments treated as interest in the computation of ENI to shareholders owning directly or indirectly, individually or in the aggregate, more than 50% of the corporation's issued and outstanding capital stock? (mark an X in the appropriate box) If Yes. complete the following and Ines 58 through 61 (attach additional sheets, if necessary) 57. Yes • No • X Stareholaa's name S.% of EDI 58 Interest paid to shareholder • 68. 59 Total indebtedness to shareholder described above 69. 60 Total interest paid • 60. 61 Is there written evidence of the indebtedness? (mark an X in the appropriate box) 61. Yes • No • Corporations organized outside New York State only Capital stock Issued and outstanding: Value 62 Number of par shares Value 63 Number of nopar shares 64 Total receipts entered on your federal return • 64. 3,366,717. 65 Interest deducted in computing Fll (see instructions) • 65. 66 Depreciable assets and land entered on your federal return • 66. 67 If the Internal Revenue Service (IRS) has completed an audit of any of your returns within the last five years, list years: 68 If you are a member of an affiliated federal group, enter primary corporation name and EIN: Name EIN • • 69 If you are more than 50% owned by another corporation, enter parent corporation name and EIN: NOM° EIN • • 70 Are you claiming small business taxpayer status for lower ENI tax rates? (see Small business taxpayer definition on page 8 of Form CT-3/4-l; mark an X in the appropriate box) 70. Yes • X No • 71 If you marked Yes on line 70, enter total capital contributions (see worksheet in instructions) • 71. 72 Are you claiming manufacturer status for lower capital base tax limitation? (see Instructions; mark an X in the appropriate box) 72. Yes • No X Third - Do you want to allow another person to discuss this return with the Tax Dept? (see instr) Yes X (complete the following) No party Designee's name Des nee's hone number Personal identification designee PREPARER number (PIN) Certification: I certify that this return and any attachments are to the best of my knowledge and belief true, correct. and complete. Sarah,* of authcrized person Official title Date Signature of in.:Wien] mewing thisreturn Fires name ler yours if self-cmployedl J.H. COHN LLP Is no &Ickes, 00 1212 6TH AVENUE I ilia City State ZIP code Date NEW YORK NY 10036 See instructions for where to file. 668904 44604061019 11.28.06 1019 EFTA01075680 CORE CLUB MEMBERS CORPORATION NY NET OPERATING LOSS DEDUCTION STATEMENT 1 LOSS PREVIOUSLY LOSS TAX YEAR LOSS SUSTAINED APPLIED REMAINING 12/31/05 12,560. 0. 12,560. NOL CARRYOVER AVAILABLE THIS YEAR 12,560. CURRENT YEAR LOSS 954,319. NOL CARRYOVER TO NEXT YEAR 966,879. STATEMENT(S) 1 EFTA01075681 CT-3M/4M I sWtramshm l 2006 New York State Department of Taxation and Finance General Business Corporation MTA Surcharge Return Tax Law - Article 9-A, Section 209-B All filers must enter tax periock Amended return Employer identification number File number Business telephone number beginning I 01 - 0 1-06 ending I 12-31-06 ifyou claim en AA3 :7=71,7* Trade name/ LoOmmOcorpordim CORE CLUB MEMBERS CORPORATION DM Mailing name CM different from legal name above) Slate cc wintry of I-mance:aim Dale received OR Tax Dept use only) do Number and street or PO box Date of incorporation 66 E 55TH STREET 12—06-04 C0rp0realorra: data began City State ZP code bu eggr bles* In NYS NEW YORK NY 10022 If your name, employer identification number, address, or owner/officer information has changed, you must file Form DTF-95. If only your address has changed, you may file Form DTF-96. You can get these forms from our Web site, by tax, or by phone. See Need help? in the instructions. If you do business, employ capital, own or lease property, or maintain an office in the Metropolitan Commuter Transportation District (MCTD), you must file this form. If not, you do not have to file this form. However, you must disclaim liability for the MTA surcharge on Form CT-3, CT-3-A, or CT-4. The MCTD Includes the counties of New York, Bronx, Kings, Queens, Richmond, Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester. A. Pay amount shown on line 12. Make check payable to: New York State Corporation Tax Payment enclosed 48 Attach your paymen here. Detach all check stubs. (See instructions for details.) I A. 55. Computation of MTA surcharge SEE STATEMENT 1 1 Net New York State franchise tax (see Form CF3M/4M, Instructions for Form CT3/M4M) I 1. 325. 2 MCTD allocation percentage from line 35. line 43. or line 45 I 2. 100.0000 % 3 Allocated franchise tax (multiply line 1 by line 2) I 3. 325. 4 MTA surcharge (multiply line 3 by 17% (.17)) I 4. 55. First Installment of estimated tax for next periock 58 If you filed a request for extension, enter amount from Earn CT-5, line 7, or CT.5.3, line 10 I 5a. 5b If you did not file Form CT5 or CT-5.3, see instructions 5b. 0. 6 Add lines 4 and line 5a or 5b 6. 55. 7 Total prepayments from line 52 7. 8 Balance (if line 7 is less than line 6, subtract line 7 from line 6) 8. 55. 9 Penalty for underpayment of estimated MTA surcharge (mac an X inftboxifftmar-222IsedD I 9. 0. 10 Interest on late payment (see Instructions for Form CT-3, CT4A, or CT4) I to. 11 Late filing and late payment penalties (see instructions for Form CT-3, CT-3-A, or CT4) I 11. 12 Balance due (add lines 8 through 11 and enter here: enter the payment amount on In A above) I 12. 55. 13 Overpayment (if line 6 is less than line 7, subtract ine 6 from from line 7; enter here and see Instr) 13. 14 Amount of overpayment to be credited to New York State franchise tax I 14. 15 Amount of overpayment to be credited to MTA surcharge for next period I 15. 16 Amount of overpayment to be refunded I 16. Schedule A, - Computation of MCTD allocation percentage Schedule A, Part 1 - MCTD allocation A B Average value of property MCTD New York State 17 Real estate owned 17. 18 Real estate rented 18. 19 Inventories owned 19. 20 Tangible persona) property owned 20. 21 Tangible persona) property rented 21. 22 Total (add lines 17 through 21) 22. 23 MCTD property factor (divide line 22. Column A, by Nne 22. Column B) 23. (continued) 66 71 1188 .0746 1019 43901061019 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075682 Page 2 of 2 CT-3M/4M (2006) CORE CLUB MEMBERS CORPORATION Receipts in the regular course of business from: 24 Sales of tangible personal property shipped to points within MCTD 24. 25 All sales of tangible personal property 25. 26 Services performed 26. 27 Rentals of property 27. 28 Royalties 28. 29 Other business receipts 29. 30 Total (add lines 24 through 29) 30. 31 MCTD receipts factor (divide line 30, Column A, by line 30, Column B) 31. 32 Payroll - Wages and other compensation of employees except general executive officers 32. 33 MCTD payroll factor (divide line 32, Column A, by line 32, Column B) 33. 34 Total MCTD factors (add lines 23. 31. and 33) 34. 35 MCTD allocation percentage (divide line 34 by three or by the number of factors: enter here and on line 2) 35. 100.0000 % Schedule A, Part 2 - Computation of MCTD allocation for A aviation corporations MCTD New York State 36 Revenue aircraft arrivals and departures 36. 37 MCTD percentage (divide line 36, Column A, by line 36, Column B) 37. 38 Revenue tons handled 38. 39 MCTD percentage (divide line 38, COSORYI A, by line 38. Column B) 39. 40 Originating revenue 40. 41 MCTD percentage (divide line 40, Column A, by line 40, Column B) 41. 42 Total (add lines 37.39. and 41) 42. 43 MCTD allocation percentage (divide line 42 by three; enter here and on line 2) 43. Schedule A, Part 3 - Computation of MCTD allocation for A trucking and railroad corporations MCTD New York State 44 Revenue miles 44. 45 MCTD allocation percentage (divide line 44, Column A. by line 44. Column B: enter here and on line 2) 45. Composition of prepayments claimed on line 7 (see instructions) Date paid Amount 46 Mandatory first installment 46. 47a Second installment from Form CT•400 47a. 47b Third installment from Form CT-000 47b. 47c Fourth installment from Form CT-400 47c. 48 Payment with extension request from Form CM, line 10, or Form CT-5.3, line 13 48. 49 Overpayment credited from prior years 49. 50 Add lines 46 through 49 • 50. 51 Overpayment credited from Form CT• Period • 51. 52 Total prepayments (add lines 50 and 51: enter here and on line 7) 52. Third - Do you want to allow another person to discuss this return with the Tax Dept? (see instr) Yes X (carpet* the following) No pe r Designee's name Des* nee's hone number Personal identification designee PREPARER number (PIN) Certification. I certify that this retum and any attachments are to the best of my knowledge and belief true, correct, and complete. Signior* of authatized person official title Dale Simatom o1 indMduel moming his return Firm's norm (of yours if self-employed) J.H. COHN LLP 0 p Aden: 1212 6TH AVENUE t 51 G. coy. State DP cede Oalv NEW YORK See instructions for where to file. NY 10036 I 66$072 11.0 7-06 1019 43902061019 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075683 CORE CLUB MEMBERS CORPORATION FORM CT-3M/4M I RECOMPUTATION OF THE NEW YORK FRANCHISE I STATEMENT 1 I TAX USING TAX RATES IN EFFECT FOR TAX YEARS I 2006 BEGINNING PRIOR TO 7/1/98 TAX BASED ON THE FIXED DOLLAR MINIMUM RECALCULATED TAX BASED ON WORKSHEET 2 325 TAX ON SUBSIDIARY CAPITAL (IF APPLICABLE) FIXED DOLLAR MINIMUM TAX FOR SUBSIDIARIES (CT-3-A ONLY) . . TOTAL TAX BEFORE CREDITS 325 TAX CREDITS (IF APPLICABLE) TOTAL COMBINED TAX TO CT-3M/4M, LINE 1 325 STATEMENT(S) 1 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075684 2006 TAX RETURN FILING INSTRUCTIONS NEW YORK CITY FORM NYC-4S FOR THE YEAR ENDING DECEMBER 31, 2006 Prepared for CORE CLUB MEMBERS CORPORATION 66 E 55TH STREET NEW YORK , NY 10022 Prepared by J.H. COHN LLP 1212 6TH AVENUE NEW YORK, NY 10036 Tobesignedand dated by THE APPROPRIATE CORPORATE OFFICER(S). Amountoftax Total tax $ 300.00 Less: payments and credits $ 300.00 Pkts: interest and penalties $ 0.00 NO PMT REQUIRED $ Overpayment Credited to your estimated tax $ 0 . 00 Refunded to you $ 0.00 Make check NOT APPLICABLE payable to Mail tax return NYC DEPARTMENT OF FINANCE and check (if PO BOX 5060 applicable)to KINGSTON, NY 12402-5060 Betummustbe PLEASE SIGN AND MAIL AS SOON AS POSSIBLE. mailed on or before Special Instructions PLEASE REMOVE PRIOR TO FILING AND RETAIN FOR YOUR RECORDS 600084105.01.06 EFTA01075685 FINANCE NYC GENERAL CORPORATION TAX RETURN NEW • YORK THE CITY Of IEW VOW DEPARTMENT Of FINANCE stegooltorce 4S A D0N0T WRITE IN 1NSSPACE TOR MRCS% USE MA? A For CALENDAR YEAR 2006 or FISCAL YEAR beginning and ending 2006 Check "yes" If you claim any 9/11/01.related federal tax benefits (see inst.) •_ YES • Amended return • Final return Check box if the • Special short period return (see inst) corporation has ceased operations. Name EMPLOYER IDENTIFICAllON NUMBER CORE CLUB MEMBERS CORPORATION Address (number and street) 66 E 55TH STREET BUSINESS CODE NUMBER AS PER FEDERAL RETURN City and State Zip Code NEW YORK , NY 10022 IMPCATANT:Corparalcsi Ignse1max NOM Re NYC Tad mad LatousitreComadstrin um Masscode 99390 try0 inIliu of Business Telephone Number Date bus ness began in NYC Metal Cobs ► 12-06-2004 SCHEDULE A I Computation of Tax BEGIN WITH SCHEDULES 8 THROUGH EON PG 2. TRANSFER APPLICABLE AMOUNTS TO SCH Payment ElltICOoct I A. Payment Pay amount shown on line 15 • Make check payable to: NYC Department ofFinance • 1. Net income (from Schedule B. line 8) • 1. -954319. X.0885 • 1. 2a. Total capital (from Schedule C. line 7) • 2a. -489920. X.0015 • 2a. 2b. Total capital Cooperative Housing Corps. • 2b. X.0004 • 2b C 2c. - War m *Bono *LOCK SLOT 3a. Compensation of stockholders (from Schedule D. line 1) • 3a. 3b. Alternative tax (see instructions) • 3b. 4. Minimum tax • No reduction is permitted for a period of less than 12 months 4. 300. 5. Tax (fine 1, 2a, 2b, 3b or 4, whichever is largest) • 5. 300. G. First installment of estimated tax for period following that covered by this return: (a) If application for extension has been filed, enter amount from line 4 of Form NYC'6 (attach form) • 6a. (b) If application for extension has not been filed and line 5 exceeds $1.000. enter 25% of line 5 • 6b. 7. Total before prepayments (add lines 5 and 6a or 6b) • 7. 300. 8. Prepayments (from Prepayments Schedule, line E) • 8. 300. 9. Balance due gine 7 less line 8) • 9. 10. Overpayment (line 8 less line 7) • 10. Ils. Interest 11s. 1lb. Additional charges 11b. 11c. Penalty for underpayment of estimated tax (attach Fonn NYC-222) • 11s. 0. 12. Total of lines 11a, llb and 11c • 12. IS. Net overpayment (line 10 less line 12) • 13. 14. Amount of line 13 to be: (a) Refunded • Ha. (b) Credited to 2007 estimated tax • 14b. 16. TOTAL REMITTANCE DUE (see Instructions) Enter payment amount on line A above • 15. 16. NYC rent deducted on federal return. THIS LINE MUST BE COMPLETED • 16. 400000. 17. Federal return filed: • X 1120 1 • 1120-A • 1120S I • 1120F 18. Gross receipts or sales from federal return • 18. 3366717. 19. Total assets from federal return • 19. 51576. CERTIFICATION OF AN ELECTED OFFICER OF THE CORPORATION I hereby eighty mat this MOM. inswing any accompanying now. 4. to tne test or my kneecaps and baler. true. correct and compote. I authOtliti tneDapt. ol Angela to ckscuss to return eitn the paperer listed meow. (see Instructions) YES X Propene's Sodel Stuffily Number SION or PTIN HERE 0 &gnaw° of all e' Tide Date • Preparers Preparers Flon's E onto,.or ItIOnt/TICOGOn Nutt*. PREPARERS Check if self. USE Cr signature printed name rAnfrloyeaso Date • ONLY J.H. COHN LLP, 1212 6TH AVENUE NEW YORK, NY 10036 A EM'S MOO (Cl. yaws. If SOLOMOIONIKI) A AdttbaS ADD Coda Attach copy of all pages of your federal tax Make To receive proper credit, you must enter your return or pro forma federal tax return. remIttanciRlib eAkTrE;VI F̀°FINANCE. correct Employer Identification Number on Payment must be made in U.S. dollars, drawn on a U.S. bank. 694761 your tax return and remittance. 12.15-06 30410605 ATTACH REMITTANCE TO THIS PAGE ONLY NYC.AS - 2006 1 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075686 Form NYC-45 - 2006 NAME CORE CLUB MEMBERS CORPORATIO EIN Page 2 SCHEDULE B Computation of NYC Taxable Net Income I 1. Federal taxable income before net operating loss deduction and special deductions 1. - 954719. 2. Interest on federal, state. municipal and other obligations not included in line 1 2. 3a. NYS Franchise Tax and other income taxes, including MTA surcharge, deducted on federal return 3a. 400. 3b. NYC General Corporation Tax deducted on federal return 3b. 4. ACRS depreciation and/or adjustment (attach Form NYC-399 or NYC-3992) (see lnstr.) 4. 5. Total (sum of lines 1 through 4) 5. - 954319. 6a. New York City net operating loss deduction STATEMENT 2 0. S CORPORATIONS 6b. Depreciation and/or adjustment calculated under pre•ACRS or see Instructions pre- 9/11/0 f rules (attach Form NYC-399 or NYC-3992)(sec instr.) eb. for Ins 1 6c. NYC and NYS tax refunds included in Schedule B, line 1 7. Total (sum of lines 6a through 6c) 7. 8. Taxable net income (line 5 less line 7) (enter on page 1, Schedule A, line 1) 8. - 954319. SCHEDULE C Total Capital Basis used to determine average value in column C. Check one. (Attach detailed schedule) X - Annually -Semi-annually - Quarterly COLUMN A COLUMN B COLUMN C Beginning of Year End of Year Average Value - Monthly - Weekly - Daily 1. Total assets from federal return 1. 89392. 51576. 70484. 2. Real property and marketable securities included in line 1 2. 3. Subtract line 2 from line 1 3. 89392. 51576. 70484. 4. Real property and marketable securities at fair market value 4. 5. Adjusted total assets (add Nnes 3 and 4) 5. 89392. 51576. 70484. 6. Total liabilities 6. 101952. 1018855. 560404. 7. Total capital (column C. line 5 less column C, line 6) (enter on page 1, Schedule A. Ina 2a or 2b) 7. -489920. SCHEDULE D Certain Stockholders Include all stockholders owning in excess of 5% of taxpayer's issued capital stock who received any compensation, including commissions. Salary & All Other Compensation Name and Address - Give actual residence (Attach rider If necessary) Social Security Number Official Title Received from Corporation (If none. enter 17) SEE STATEMENT 1 1. Total. including any amount on rider (enter on page 1. Schedule A. line 3a) i. SCHEDULE E The following information must be entered for this return to be complete. 1. New York City principal business activity PRIVATE MEMBERS CLUB 2. Does the corporation have an interest in real property located in New York City? YES NO X 3. If 'YES': (a)Attach a schedule of such property, including street address, borough, block and lot number. (b)Was a controlling economic interest in this corporation ite. 50% or more of stock ownership) transferred during the tax year? YES NO 4. Does the corporation have one or more qualified subchapter s subsidiaries (OSSS)? YES NO X If 'YES', attach a schedule showing the name, address and EIN, it any, of each OSSS and indicate whether the OSSS filed or was required to file a City business income tax return. TWELVE DIGIT PREPAYMENTS CLAIMED ON SCHEDULE A, LINE 8 DATE AMOUNT TRANSACTION ID CODE A. Mandatory first installment paid with preceding year's tax Payment with declaration. Form NYC-400 (1) B. Payment with Notice of Estimated Tax Due. (2) Payment with Estimated Tax Due (3) C. Payment with extension. Form NYC-6 or NYC43F D. Overpayment credited from preceding year E. TOTAL of A. B. C and D (enter on Schedule A. line 8) 300. RETURNS WITH REMITTANCES RETURNS CLAIMING REFUNDS ALL OTHER RETURNS MAILING NYC DEPARTMENT OF FINANCE NYC DEPARTMENT CF FINANCE NYC DEPARTMENT OF FINANCE :61, INSTRUCTIONS PO BOX 5040 PO BOX 5050 PO BOX 5060 KINGSTON, NY 12402-5040 KINGSTON, NY 12402-5050 KINGSTON, NY 12402-5060 g 30420605 694762 The due date for the caked. year 2006 return is on or before March 15. 2007. 12-15-06 115th Fa fiscal years beginning in 2006. File on month day or the third alto the close of fecal year. 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075687 NYC 4S Alternative Tax Worksheet Name CORE CLUB MEMBERS CORPORATIO EIN Net income/loss (Schedule 8, line 8) 1. -954319. Enter 100% of salaries and compensation for the taxable year paid to stockholders owning more than 5% of the taxpayers stock. (See instructions.) 2. Total (line 1plus line 2) 3. -954319. Statutory exclusion - Enter $40,000 (if return does not cover an entire year, exclusion must be prorated based on the period covered by the return) 4. 40000. Net amount (line 3 minus line 4) 5. 0. Taxable net income (line 5 X 30%) 6. 0. Tax rate 7. .0885 Alternative tax (line 6 X line 7) 8. 0. 594765 07.24.06 3 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075688 CORE CLUB MEMBERS CORPORATION FORM NYC-3L/4S SCHEDULE OF STOCKHOLDERS WITH STATEMENT 1 AGGREGATE OWNERSHIP GREATER THAN FIVE PERCENT SALARY & OTH NAME AND ADDRESS SOC. SEC. # TITLE COMPENSATION JENNIE SAUNDERS 0. TOTAL TO FORM NYC-3L OR NYC-4S 0. NYC NET OPERATING LOSS DEDUCTION STATEMENT 2 LOSS PREVIOUSLY LOSS TAX YEAR LOSS SUSTAINED APPLIED REMAINING 12-31-05 12,560. 0. 12,560. NOL CARRYOVER AVAILABLE THIS YEAR 12,560. CURRENT YEAR LOSS 954,319. NOL CARRYOVER TO NEXT YEAR 966,879. 4 STATEMENT(S) 1, 2 16440220 701201 0706463004 2006.09010 CORE CLUB MEMBERS CORPORATI 07064632 EFTA01075689