Unrelated business income is income from a trade or business that is regularly carried on by an exempt organization and that is not substantially related to the performance by the organization of its exempt purpose or function, except that the organization uses the profits derived from this activity. Does your organization have a gift shop? Do you sell mugs with your logo or other tchotchkes? Do you rent your facility to other groups? It is important that you know where the line is between related and unrelated income—and at times it can be a fuzzy one! There'll be plenty of time in this study session to learn the basic concepts and grapple with examples, including your own.
Executive directors, marketing staff, board officers and directors are all encouraged to participate.
Facilitated by Michael Simkins, Ed.D.
Michael has been a member of several nonprofit boards and served as board secretary, treasurer, and president. His professional experience spans the education and nonprofit sectors from being a school principal in Los Osos and Cal Poly lecturer to CEO of a major Silicon Valley nonprofit. Currently, he is board president at San Luis Obispo Repertory Theatre, president of his local property-owners association, and Interim CEO at Spokes.