Unrelated Business Income Tax (UBIT)

UBIT is the for Unrealted Business Income Tax which is a federal income tax placed on non-profit organizations, like universities. UBI tax is on unrelated activity engaged by our tax exempt status but is not related to the tax exempt purpose of the University. Note ~ If your department has UBI, the department is not responsible for paying that tax. The University pays the tax to the IRS.

Some examples would be:

• Income from advertising placed by a company during sporting events, in programs, or in journals that goes beyond acknowledgement of sponsorship
  
• Meetings, conferences, and seminars that are non-educational
  
• Summer Sports Camps that are not part of educational programs offered by the University
  
• Lab services to the General Public
  
• Reproduction cost for outside university entities
  

UBIT FAQs

IRS Unrelated Busines Income

To find out if your department has unrelated business income please fill out the short Unrelated Business Qustionnaire Qualtrics survey below. Information will be reviewed by Accounting and if determined a longer questionnaire will be provided.

UBI Qualtrics Survey