Unrelated Trade or Business definition

Unrelated Trade or Business means any trade or business whose conduct is not substantially related to the exercise or performance by a nonprofit corporation of the purposes or functions constituting the basis for exemption under Section 501(c)(3) of the Code.
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Unrelated Trade or Business means an activity that constitutes an “unrelated trade or business” within the meaning of Section 513(a) of the Code, without regard to whether such activity results in unrelated trade or business income subject to taxation under Section 511 of the Code.
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Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that is an unrelated trade or business (determined by applying Section 513(a) of the Code) of such 501(c)(3) Organization.
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Examples of Unrelated Trade or Business in a sentence

  • Fundraising events do not include the following: • Activities substantially related to the accomplishment of the CSU’s educational purpose, including such activities that receive sponsorship.• Unrelated trade or business activities that generate fees for service.• Fundraising solicitations and related prospecting activities intended to generate only a contribution (no purchase of goods or services).• Raffles in which the prizes have only a nominal value and do not require reporting as taxable income.

  • Unrelated trade or business (sale of advertising):Income$100,000Directly-connected expenses (25,000)Subtotal75,000$75,000 (B) Exempt function (publication of exhibition catalog): Income (from catalog sales) 60,000Directly-connected expenses (110,000) Net exempt function income (loss) (50,000)(50,000) Unrelated business taxable income25,000 (iii) Expenses related to publication of the exhibition catalog exceed revenues by $50,000.

  • Unrelated trade or business (sale of advertising): Income .............................................................................................................................................................................

  • Unrelated trade or business (sale of adver- tising): Income .......................

  • Unrelated trade or business does not apply when substantially all of the work is performed by a worker who is not compensated (a volunteer).Example: A gift shop operated by an exempt orphanage where all of the clerks are volunteers would not be considered an unrelated trade or business even though the operation does not contribute importantly to any exempt purpose or function of the orphanage.

  • Mae’n adrodd ynghylch hyfywedd ariannol yr Awdurdod.CyllidebYn ôl yr amcangyfrif cyfredol, bydd y gwariant net yn cynyddu £0.71m yn 2020/21.

  • Unrelated trade or business activities (other than fundraising activities that are not regularly carried on) that generate fees for services can also be program service activities.

  • Unrelated trade or business income is the gross income derived from any trade or business (defined on page 3) that is regularly carried on, and not substantially related to (defined on page 3), thecosting $7.60 or less by an organization described in section 501 and contributions to which are deductible under section 170(c)(2) or (3) if the distribution is incidental to the solicitation of charitable contributions; ordivision of its parent organization for Federal tax purposes.

  • Unrelated trade or business income is the gross income derived from any trade or business that is regularly carried on, and not substantially related to, the organization's exempt purpose or function.

  • Knowledge on monitoring performance allows not only traditional PPP actors to improve on value for money but also the involvement of new investors.


More Definitions of Unrelated Trade or Business

Unrelated Trade or Business means any trade or business whose conduct is not substantially related to the exercise or performance by a nonprofit organization of the purposes constituting the basis for exemption under Section 501(c)(3) of the Code.[PL 2019, c. 501, §19 (AMD).]
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Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that is an unrelated trade or business (determined by applying Section 513(a) of the Code) of such 501(c)(3)
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Unrelated Trade or Business shall have the meaning set forth in section 513(a) of the Code.
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Unrelated Trade or Business means an activity which constitutes an “unrelated trade or business” within the meaning of Code Section 513(a) without regard to whether such activity results in unrelated trade or business income subject to taxation under Code Section 512(a).
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Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that
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Unrelated Trade or Business means any trade or business that is not related to the exercise or performance by the university carrying on the business activity of its exempt purpose.
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Related to Unrelated Trade or Business

  • Similar Business means (1) any business conducted or proposed to be conducted by the Borrower or any of its Restricted Subsidiaries on the Closing Date, and any reasonable extension thereof, or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the businesses in which the Borrower and its Restricted Subsidiaries are engaged or propose to be engaged on the Closing Date.

  • Acquired Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Sold Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Primary sector business means an individual, corporation, limited liability company,

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—