273.470 Entities organized for charitable purposes related to disasters --
326 words·~1 min read·
/ky/273-470A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Requirement for filing financial reports when contributions exceed $25,000 --
Filing requirements for other tax exempt organizations which solicited and
received contributions exceeding $25,000 before June 25, 2013.
(a)Any entity organized for charitable purposes under Section 501(c)(3) of the
Internal Revenue Code, other than a religious organization that is recognized
as tax exempt under Section 501(c)(3) of the Internal Revenue Code, that
solicits and receives contributions exceeding twenty-five thousand dollars
($25,000) for a charitable purpose related to a disaster in Kentucky shall file
quarterly financial reports with the Secretary of State until the funds are
expended. The quarterly reports shall be in a form and format determined by
the Secretary of State and shall contain at a minimum the following:
1. The amount of money received as a result of the solicitation at the time
that the report is filed;
2. Where the funds collected as a result of the solicitation are spent; and
3. The amount of funds collected that are used for administrative costs.
(b)The first quarterly report shall be filed no later than the last day of the third
month following the commencement of solicitations.
(2)Any entity organized for charitable purposes under Section 501(c)(3) of the Internal
Revenue Code, other than a religious organization that is recognized as tax exempt
under Section 501(c)(3) of the Internal Revenue Code, which solicited and received
contributions exceeding twenty-five thousand dollars ($25,000) for a charitable
purpose related to a disaster in Kentucky between January 1, 2012, and June 25,
2013, shall file a financial report with the Secretary of State. The financial report
shall be in a form and format determined by the Secretary of State and shall contain
at a minimum the following:
(a)The amount of money received as a result of the solicitation;
(b)Where the funds collected as a result of the solicitation were spent; and
(c)The amount of the funds collected that was used for administrative costs.