FY25 Unrelated Business Income Tax Questionnaire

Each year the University must perform an analysis to determine the amount of unrelated business income (UBI) to be reported to the Internal Revenue Service (IRS) and Georgia Department of Revenue. The University is not exempt from income tax imposed on activities which are substantially unrelated to the purpose and mission of the University, even though these activities may generate income to support the University’s purpose and mission related activities. Additional details regarding unrelated business income may be found here.

In order to identify activities that may give rise to unrelated business income, Central Accounting has prepared this questionnaire which should be completed by ALL schools/colleges/units on campus. The questionnaire should be completed based on prior year activity. Central Accounting will review each questionnaire and determine if UBI exists and follow‐up with each school/college/unit as necessary. Schools/colleges/units should NOT make a determination on their own as to whether or not they have unrelated activities

CONTACT INFORMATION

CONTACT INFORMATION

Department Name

Department ID

Contact Person

Contact Email

Contact Phone

Phone

ADVERTISING REVENUE

ADVERTISING REVENUE

Advertising is defined as messages containing qualitative or comparative language, price information, an endorsement, and/or an inducement to purchase, sell, or use any company, service, facility, or product.

1) Did the department receive income from advertising during the previous fiscal year?

Examples would include revenue from ads appearing in printed publications, websites, university buildings/facilities, TV/radio, etc.

Yes

No

SPONSORSHIP REVENUE

SPONSORSHIP REVENUE

Qualified sponsorships do not need to be listed. Qualified sponsorship payments are defined as any payment made by a person engaged in a trade or business with respect to which the person will receive no substantial return benefit other than the "use or acknowledgment" of the business name, logo, or product lines, in connection with the organization's activities. "Use or acknowledgment" doesn't include advertising the sponsor's products or services. NOTE: A payment isn’t a qualified sponsorship payment if its amount is contingent, by contract or other-wise, upon the level of attendance at one or more events, broadcast ratings, or other factors indicating the degree of public exposure to one or more events. However, the fact that a sponsorship payment is contingent upon an event actually taking place or being broadcast doesn’t, by itself, affect whether a payment qualifies.

2) Did the department receive income from sponsorships during the previous fiscal year?

Examples would include revenue from the sponsoring of printed materials/publications, events, websites, facilities, billboards, scoreboards, TV/radio broadcasting, etc.

Yes

No

RENTAL REVENUE

RENTAL REVENUE

3) Did the department generate revenue from a facility or arena rental?

Examples would include weddings, banquets, corporate events, sporting events, entertainment events, summer housing/ athletic facility rentals, broadcast/ cell tower rental, etc.

Yes

No

INTANGIBLE PROPERTY REVENUE

INTANGIBLE PROPERTY REVENUE

4) Did the department receive revenue from the licensing of intangible property?

Examples would include copyrights, royalties, patents, broadcast rights, mailing list/ membership list sales, logo usage, exclusive use contracts, trade names, use of intellectual property, insurance commissions, rebates, credit cards, revenue sharing, commissions etc.

Yes

No

RETAIL SALES REVENUE

RETAIL SALES REVENUE

5) Did the department receive revenue from the sale of goods or merchandise?

Examples would include sales of inventory from a store, catalog, or via the internet.

Yes

No

OTHER REVENUE SOURCES

OTHER REVENUE SOURCES

6) Does the department have any revenue from investments that are debt financed (e.g., bought on margin, mortgaged)?

Investment revenue examples would include securities, property, interest, dividends, rent, royalties, capital gains, etc.

Yes

No

7) Does the department own an interest in an alternative investment in a foreign country?

Yes

No

8) Does the department have an interest in an entity other than a blocker corporation?

For example, an interest in a foreign partnership or LLC.

Yes

No

9) Was the department involved in a partnership or joint venture in the previous fiscal year?

Yes

No

10) Does the department have more than a 50% ownership interest in a controlled taxable subsidiary (whether direct or indirect) such as interest, rent, or royalties?

Yes

No

11) Does the department operate a cafeteria or restaurant where food is sold to individuals other than students, faculty, or staff?

Yes

No

12) Does the department operate a parking lot where parking is provided to individuals other than students, faculty, or staff?

Yes

No

13) Does the department provide catering services to individuals or business other than internal departments of the university?

Yes

No

14) Does the department provide printing services to individuals or businesses other than internal departments of the university?

Yes

No

15) Does the department conduct research, testing, analysis or consulting for commercial entities or individuals outside the University that are NOT affiliated with the State or Federal Government and/or a College/University?

Research for the United States, any of its agencies or instrumentalities, and any State or political subdivision should NOT be included.

Yes

No

16) Did the department receive an award from entities or individuals outside of the University?

Yes

No

17) Does the department provide management or administrative services to organizations outside the University?

Examples would include billing and collection or other support services.

Yes

No

18) Does the department provide travel tours?

Studies abroad should NOT be included.

Yes

No

19) Does the department conduct games of chance (excluding bingo)?

Yes

No

20) Does the department operate a fitness center/ health club where membership is available to individuals other than students, faculty, or staff?

Yes

No

21) Does the department operate a hotel?

Yes

No

22) Does the department operate a golf course?

Yes

No

23) Does the department sell excess electrical power (or similar power)?

Yes

No

24) Does the department own a working interest in a mineral property (i.e., oil or gas)?

Yes

No

25) Does the department conduct a convention or trade show unrelated to instruction, research or UGA's public service mission?

Yes

No

26) Does the department host any summer camps?

Yes

No

27) Does the department perform nonpatient laboratory testing on referred specimens form private office patients of staff physicians?

Yes

No

28) Does the department provide pet boarding or grooming services?

Yes

No

29) Does the department sell cattle/ livestock on a commission basis?

Yes

No

30) Does the department sell endorsements? For example, endorsing laboratory equipment.

Yes

No

31) Did the department sell timber?

Yes

No

32) Does the department have any other source of unrelated business income not specifically addressed?

Yes

No

Send me a copy of my responses

Powered by