| Return Reference | Explanation |
|---|---|
| FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE | DESCRIPTION: OTHER INCOME. AMOUNT: 1,060. |
| FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES | DESCRIPTION: CREDIT CARD FEES. AMOUNT: 1,036. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 326. DESCRIPTION: INSURANCE. AMOUNT: 1,920. DESCRIPTION: IT SERVICES. AMOUNT: 611. DESCRIPTION: LICENSE AND FILING FEES. AMOUNT: 11. DESCRIPTION: MARKETING/WEBSITE. AMOUNT: 1,123. DESCRIPTION: MEETINGS EXPENSES. AMOUNT: 3,188. DESCRIPTION: MEMBERSHIPS. AMOUNT: 845. DESCRIPTION: MISC EXEPENSE. AMOUNT: 250. DESCRIPTION: PAYROLL TAXES. AMOUNT: 6,661. DESCRIPTION: REIMBURSEMENT. AMOUNT: 2,700. DESCRIPTION: SUPPLIES. AMOUNT: 1,254. DESCRIPTION: TRAVEL. AMOUNT: 1,150. DESCRIPTION: EVENTS. AMOUNT: 3,428. DESCRIPTION: QUICKBOOKS PAYMENT FEES. AMOUNT: 486. TOTAL TO FORM 990-EZ, LINE 16: 24,989. |
| FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS | DESCRIPTION: MERGER OF ENTITITY. AMOUNT: -97,988. |
| FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS | DESCRIPTION: OTHER CURRENT ASSETS. BEG. OF YEAR AMOUNT: 1,000. END OF YEAR AMOUNT: 0. |
| FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES | DESCRIPTION: OTHER CURRENT LIABILITIES. BEG. OF YEAR AMOUNT: 6,000. END OF YEAR AMOUNT: 0. |
| FORM 990-EZ | AS ACCOUNTANTS FOR PARKVILLE ECONOMIC DEVELOPMENT COUNCIL, WE HAVE BEEN ASKED TO RESPOND TO THE ATTACHED NOTICE DATED JULY 10, 2024. THE NOTICE PROPOSES PENALTIES FOR FILING AN INCOMPLETE RETURN FOR THE 2023 TAX PERIOD. THE CORPORATION INITIALLY FILED FORM 990-EZ ELECTRONICALLY IN OCTOBER 2023, BUT THE TAX SOFTWARE DID NOT ALLOW THE RETURN TO BE E-FILED DUE TO DISCREPANCIES BETWEEN THE TAX YEAR BEGINNING DATE AND THE CURRENT TAX YEAR SOFTWARE. THEREFORE, WE MAILED AN EXTENSION FOR THE CORPORATION ON NOVEMBER 10, 2023, AND PAPER-FILED THE SHORT-YEAR 2023 TAX RETURN ON JANUARY 19, 2024. ON JULY 10, 2024, THE CORPORATION RECEIVED AN IRS NOTICE REQUESTING THE RESUBMISSION OF FORM 990-EZ ELECTRONICALLY. IN COMPLIANCE WITH THIS REQUEST, WE RESUBMITTED THE FORM ELECTRONICALLY. ALL EVIDENCE INDICATES THAT THE CORPORATION MADE TIMELY EFFORTS TO FILE BOTH THE EXTENSION AND THE RETURN. THE ATTACHED DOCUMENTATION INCLUDES THE E-FILE REJECTION NOTICE, CERTIFIED MAILING OF THE EXTENSION, CERTIFIED MAILING OF THE PAPER RETURN, CERTIFIED TRACKING CONFIRMATION OF THE PAPER RETURN DELIVERY, AND THE IRS NOTICE RECEIVED. FURTHERMORE, THE CORPORATION HAS NOT BEEN ASSESSED ANY OTHER PENALTIES AND HAS REMAINED IN FULL COMPLIANCE WITH ALL FILING REQUIREMENTS OVER THE PAST THREE YEARS. THEREFORE, WE RESPECTFULLY REQUEST THAT THE PENALTIES BE WAIVED IN THIS CASE. |
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