This program was recorded on July 17, 2024

Financially squeezed nonprofits often seek to generate new revenue through new business ventures. But such efforts can carry serious legal, as well as economic, risks. This webinar will explore the unrelated business income tax ("UBIT"), how to define it, how to avoid it, and how to deal with the consequences of having "too much" of it.

Regularly badgered by Congress to limit "unfair" competition with for-profit businesses, the Internal Revenue Service consistently looks to impose UBIT on unrelated business taxable income at nonprofit organizations, including facility rentals and travel tours at large institutions like colleges and universities, revenue from joint ventures with for-profits, gift shop income from museums, investment income from anyone's margin account, advertising revenue from small nonprofit organization newsletters, and everything in between.

Nonprofits with substantial unrelated business income will have to pay substantial unrelated business income tax - and could even lose their tax-exempt status.

This session will provide a basic understanding  of the UBIT rules, give tips on structuring activities to avoid the revenue being classified as unrelated business income, allocating expenses to reduce net income, and restructuring to avoid the adverse consequences of "too much" of a winning commercial venture.

Nonprofit Issues® editor Don Kramer will lead the presentation.  Don is regularly listed among the Best Lawyers in America in the field of nonprofit/charities law.  Tish Mogan, Standards for Excellence Consultant for the Pennsylvania Association of Nonprofit Organizations, will facilitate the program.

Participants will receive a package of materials from Nonprofit Issues®.

Nonprofit Issues® is an Accredited Provider for Pennsylvania Continuing Legal Education. CLE credit is available for PA lawyers participating in this webinar.  If you are a lawyer in a state that accepts CLE credits from other jurisdictions we can provide certificates of attendance and proof of our PA approval.

We now offer special discount pricing for multiple participants. Registrants, who pay one full-price registration, can add up to 5 people for the flat rate of $45 for the group. To add additional attendees, add the multiple participant product to the cart in our Store. (Lawyers and accountants requesting continuing education credit may be among the additional participants but must log in to the webinar separately.)

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