To contribute to this wiki, please contact bikebikeeverywhere@gmail.com if you would like us to create you an account. The Contribute to this Wiki page goes into detail about how to make contributions and what information should be included.
Para contribuir a este wiki, por favor escribe a bikebikeeverywhere@gmail.com si deseas que creemos una cuenta para ti. La página Contribute to this Wiki explica en detalle cómo hacer contribuciones y qué información debe incluirse.
Unrelated Business Income
Unrelated Business Income (UBI) is when you make money in a way that is not related to your mission statement.
Criteria
For most organizations, an activity is an unrelated business (and subject to unrelated business income tax) if it meets three requirements:
- It is a trade or business,
- It is regularly carried on, and
- It is not substantially related to furthering the exempt purpose of the organization.
Exceptions
The main exceptions to the definitions of unrelated trade or business are:
- Activities conducted substantially by volunteers. (~85%)
- Activities conducted for the convenience of members, students, patients, officers, or employees.
- Sales of donated merchandise.
- Distribution of "low-cost" articles (<$8.90).
- Convention and trade show activity.
- Bingo income.