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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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