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367.657 Filing of federal Form 990 fulfills reporting requirement.
(1)
(2)
(3)
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.
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.
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.
Effective:July 15, 1994
History: Amended 1994 Ky. Acts ch. 151, sec. 2, effective July 15, 1994. -Created 1982 Ky. Acts ch. 309 sec. 2, effective July 15, 1982.
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