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re: Here Lies Love to returning in March

Posted by: sirpupnyc 02:48 pm EST 01/21/14
In reply to: re: Here Lies Love to returning in March - Michael_Portantiere 02:06 pm EST 01/21/14

More appropriate examples than the managed-not-owned Sondheim:

Playwrights Horizons will rent their spaces to commercial productions, currently Craving for Travel upstairs.

The Soul Doctor tryout at NYTW was a commercial rental.

Nothing to Hide, just ended at Signature Center, was a commercial rental.

Generally these sorts of things state very clearly that they're not a production of the theatre-owning company, sometimes also with a note that the rental revenues go to furthering the company's mission.


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The issue is not generating a profit ...

Posted by: indytallguy 05:30 pm EST 01/21/14
In reply to: re: Here Lies Love to returning in March - sirpupnyc 02:48 pm EST 01/21/14

Good nonprofits do (and should) generate excess revenues in order to find mission-related work.

UBIT, unrelated business income tax) kicks in when a nonprofit generates profits from ventures that the IRS deems not mission-related as Michael_Portantiere noted in one of his replies.

I'm not up enough on the nuances of UBIT to know if a commercial rental would trigger it. It might in that I have nonprofit clients who pay UBIT on portions of their office space that they sublet to other organizations.


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re: Here Lies Love to returning in March

Posted by: Singapore/Fling 03:27 pm EST 01/21/14
In reply to: re: Here Lies Love to returning in March - sirpupnyc 02:48 pm EST 01/21/14

Signature Center seems to use that third space primarily for outside rentals.


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