| Return Reference | Explanation |
|---|---|
| Part VI, Line 6 | The organization is not set up as a stock corporation a joint-stock company a partnership a joint venture or a limited liability partnership. The Southern Palmetto Regional Chamber of Commerce consists of members who are business owners within the community. Governing documents the conflict of interest policy and financial statements are made available to the public during the tax year. Part VIII Line 1E: The Southern Palmetto Chamber received grant funding totaling $123,298.31 to fund programming through the Southern Palmetto Foundation. Therefore the grant funding was transferred to support programs through the Southern Palmetto Foundation. |
| Part VI, Line 11a | The draft of the 990 was provided to the President and CEO. |
| Part XI, Line 9 | | Description:, Explanation:, Amount:| During the 2023 fiscal year the cash balance was overstated and included the cash balance for the Chamber of Commerce and the Foundation. The adjustment of $33,932 represents the cash balance that was previously included that should have been reported for the Foundation. Therefore the balance was reduced to reflect the correct asset balance., Changes in Net Assets, $-33932| |
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