367.657 Filing of federal Form 990 fulfills reporting requirement.
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/ky/chapter-367/367-657A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Prior to any solicitation, every charitable organization required by the Internal
Revenue Service to file a federal Form 990 and soliciting contributions in the
Commonwealth, or for which contributions are solicited shall file with the Attorney
General a copy of its most recent federal Form 990 unless exempted by KRS
367.660.
(2)If a charitable organization is newly formed and a Form 990 has not yet been filed
with the Internal Revenue Service, a notice of intent to solicit, in a form prescribed
pursuant to administrative regulations promulgated by the Attorney General, shall
be filed prior to any solicitation. Each chapter, branch, or affiliate of a charitable
organization shall file a separate notice of intent or report the necessary information
to its parent charitable organization that shall then file a consolidated notice of
intent to solicit. If a consolidated notice of intent is filed, information arising out of
the activities of each chapter, branch, or affiliate of the charitable organization in
this state shall be covered in the notice. A separate notice of intent shall be filed for
each chapter, branch, or affiliate upon the request of the Attorney General. The
notice shall expire on December 31 of the calendar year in which it was filed.
(3)The Form 990 shall be filed with the Attorney General each year in which
contributors are solicited in the Commonwealth at the same time the form is filed
with the Internal Revenue Service. If a Form 990 is not filed with the Internal
Revenue Service, a new notice of intent to solicit shall be filed with the Attorney
General.