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MILLER MAYER SULLIVAN AND STEVENS LLP CERTIFIED PUBLIC ACCOUNTANTS 2365 HARRISBURG ROAD LEXINGTON, KY 40504 MS. BRIGID DECRIES KENTUCKY HIGH SCHOOL ATHLETIC ASSOCIATION 2280 EXECUTIVE DR LEXINGTON,

How to fill out khsaa 990 fiscal year

How to fill out khsaa 990 fiscal year:

1. Gather all necessary financial information: Before filling out the khsaa 990 fiscal year form, you will need to gather all relevant financial information. This includes details about your organization's income, expenses, assets, and liabilities for the specified fiscal year.
2. Review the form instructions: The khsaa 990 form comes with detailed instructions that outline the specific information you need to provide. Take the time to carefully read through these instructions to ensure you understand what is required.
3. Provide basic organizational information: Begin by filling out the basic organizational information, such as your organization's name, address, and EIN (Employer Identification Number). Make sure to double-check the accuracy of these details.
4. Report financial data: Fill out the form's various sections where you need to report financial data. This includes sections on revenue, expenses, net assets, and program service accomplishments. Be sure to provide accurate and detailed information about your organization's financial activities during the fiscal year.
5. Attach schedules and supporting documents: Depending on the complexity of your organization's financial activities, you may need to attach additional schedules or supporting documents. These could include balance sheets, income statements, and more. Refer to the form instructions for guidance on what to include.

Who needs khsaa 990 fiscal year:

1. Nonprofit organizations: The khsaa 990 fiscal year is primarily designed for nonprofit organizations. It helps these organizations report their financial information to the Kentucky High School Athletic Association (KHSAA) for regulatory compliance and transparency purposes.
2. Organizations with tax-exempt status: The khsaa 990 fiscal year is particularly important for organizations that have tax-exempt status. This includes 501(c)(3) organizations, which are exempt from federal income tax. Filing the khsaa 990 form helps maintain their tax-exempt status.
3. KHSAA member schools: Member schools of the Kentucky High School Athletic Association are required to file the khsaa 990 fiscal year form. This includes public and private schools participating in KHSAA-sanctioned sports and activities.

Overall, the khsaa 990 fiscal year form is essential for nonprofit organizations and KHSAA member schools to accurately report their financial activities and maintain compliance with regulatory requirements. It provides transparency and accountability in regards to an organization's financial management.

For pdfFiller’s FAQs

What is khsaa 990 fiscal year?

The KHSAA 990 fiscal year is the annual information return that tax-exempt organizations must file with the IRS to provide information on their finances, activities, and governance.

Who is required to file khsaa 990 fiscal year?

Nonprofit organizations, including the Kentucky High School Athletic Association (KHSAA), are required to file the 990 fiscal year form if they meet certain financial thresholds set by the IRS.

How to fill out khsaa 990 fiscal year?

To fill out the KHSAA 990 fiscal year form, the organization must provide detailed information on its revenue, expenses, programs, governance, and other relevant financial data. It is recommended to seek professional assistance in completing the form to ensure accuracy.

What is the purpose of khsaa 990 fiscal year?

The purpose of the KHSAA 990 fiscal year is to provide transparency about the finances and activities of tax-exempt organizations, including the Kentucky High School Athletic Association. It helps the IRS and the public to evaluate the organization's compliance with tax laws and its impact on the community.

What information must be reported on khsaa 990 fiscal year?

The KHSAA 990 fiscal year form requires organizations to report details on their revenue sources, expenses, assets, liabilities, programs, governance structure, compensation of key employees, and certain transactions with interested persons.

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