Earned Income 101 for Nonprofits – Webinar

Earlier today, Emily and I presented Earned Income 101 for Nonprofits for Nonprofit Webinars.  You'll find our PowerPoint presentation on the site.  I've reproduced the introduction here: Many nonprofits use earned income as a source of revenue generation. For example, it was estimated in 2008 that nearly 70% of the $1.4...

UBIT: Scientific Purposes and Scientific Research

In the context of scientific organizations, the IRS states that unrelated business income tax (UBIT) issues generally occur in two situations: (1) a scientific research organization (SRO) engaging in various projects or (2) a tax-exempt non-SRO engaging in research. “Scientific purpose” and “scientific research” are commonly seen phrases in...