The Greater Pasco Chamber of Commerce I

“Description: New Membership Processing Fees. Amount: 2,760. Description: Miscellaneous Income. Amount: 68,348. Description: Interest Earned. Amount: 2,745. Description: Other Income. Amount: 150. Total to Form 990-EZ, line 8: 74,003.”

“Description: Ambassador Meetings & Ribbon Cuttings. Amount: 802. Description: Board of Directors. Amount: 41. Description: Brochure Exchanges. Amount: 1,989. Description: Chasco Golf. Amount: 913. Description: Advertising & Marketing. Amount: 5,945. Description: Bank Service Charges. Amount: 79. Description: Sponsorships. Amount: 1,000. Description: Computer Expenses. Amount: 5,479. Description: Credit Card Processing Fees. Amount: 5,582. Description: Insurance Expense. Amount: 1,857. Description: Licenses and FEES. Amount: 123. Description: Map Costs. Amount: 20,539. Description: Meals. Amount: 754. Description: Payroll Taxes. Amount: 7,372. Description: Wokers Comp Insurance. Amount: 421. Description: Software. Amount: 9,942. Description: Telephone. Amount: 1,441. Description: Travel Expense. Amount: 16. Description: Installation Banquet. Amount: 8,444. Description: Membership Breakfasts. Amount: 6,532. Description: Membership Expenses. Amount: 577. Description: Miscellaneous Expense. Amount: 119. Description: Professional Women in Business. Amount: 199. Description: Pasco Day at the Capitol. Amount: 9,546. Description: Speaker Gifts. Amount: 53. Description: Young Professionals Group. Amount: 275. Description: Emergency Expenses. Amount: 1,262. Total to Form 990-EZ, line 16: 91,302.”

“The significant amount in Miscellaneous Income for 2024 is due to improper categorization of deposits by the organization's prior accounting firm, SPC CPAs and Associates, LLC. In May 2025, The Greater Pasco Chamber of Commerce engaged a new CPA firm, Coastal Bay Tax & Consulting, which identified that many large deposits had been incorrectly recorded as Sales. Since the organization does not sell goods or services, this categorization was inaccurate. When attempting to reclassify these deposits, the prior firm did not provide sufficient documentation to reconcile each deposit to specific categories. Coastal Bay Tax & Consulting has verified that these deposits represent legitimate income to the organization, but without supporting detail they must remain classified as Miscellaneous Income. The Chamber has since implemented corrected accounting procedures with its new CPA firm to ensure deposits are categorized properly in future years.”

“Description: Note Receivable - David Gainer. Beg. of Year Amount: 53,300. End of Year Amount: 51,810.”

“Description: Due to City of New Port Richey. Beg. of Year Amount: 1,100. End of Year Amount: 0. Description: Federal Payroll Taxes Payable. Beg. of Year Amount: 825. End of Year Amount: 84. Description: FL Reemployment Tax Payable. Beg. of Year Amount: 5. End of Year Amount: 0.”