The revised Form 990, “Return of Organization Exempt from Income Tax,” filed by many public charities and other exempt organizations, has the potential to fully expose the Achilles’ Heel of the NCAA and its member institutions – the extremely weak, if any, educational basis for the current financial structure of big-time college sports. This would not only force very major reform, but provide unassailable “cover” for reform-minded university presidents and governing boards as well.
