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The Campaign for NC State
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UBIT Survey 2021
UBIT Survey 2021
This questionnaire is made of individual sections below. Please complete each section. A copy of the questionnaire is stored so you can save as you go.
Step
1
of
5
20%
Unrelated Business Income Tax (UBIT) Survey
Goal of the Questionnaire: The Internal Revenue service has rules to prevent tax exempt organizations from having an unfair advantage over for-profit businesses that do pay tax on their profits. In recent years, universities have come under IRS scrutiny for the information they report on their annual 990-T form or Unrelated Business Income Tax return (UBIT). To make sure NCSU is in compliance with the IRS regulations and our 990T form is accurate, we are asking departments to provide information on their revenue generating activities by 9/15/2021. Even though most activities will not generate tax and are consistent with our exempt purposes, we need your assistance to complete the below questionnaire to ensure NCSU is in compliance with IRS requirements.
Name
First
Last
Email
Revenue Generating Project ID
*
Brief description of the sales or services sold:
Who are the customers of the above described sale or service?
NCSU Students, faculty or staff
NCSU Alumni
Other NC State agencies or universities, NC country agencies
Federal Government
Out of state governments or state universities
Private colleges & universities
Individuals (general public)
Companies (Private or public)
Other
GENERAL QUESTIONS:
Please answer the following YES/NO questions about the revenue-generating activity in the project. Comments are enabled below the question.
Are the sales of goods and services conducted for the primary purpose of generating a profit?
Yes
No
Comment on above
If needed please comment.
Are the revenue generating activities conducted on a regular basis? (e.g. all year, seasonally, periodic)
Yes
No
Comment on above
Are the goods or services you sell also sold by local or national companies? Do you have competition for your customers?
Yes
No
Don't Know
Comment on above
Are the goods or services only sold to, and for, the convenience of NCSU's students, faculty or staff?
Yes
No
Comment on above
Are the sales of services or goods related to NCSU’s exempt purpose? NCSU’s exempt purpose is to educate students and the greater North Carolina community through science, research, testing, scientific, literary, athletics or other charitable means
Yes
No
Don't know
Comment on above
Do students generate over 50% of the total income earned by this activity?
Yes
No
Don't know
Comment on above
Are students participating in this activity as part of a required learning experience?
Yes
No
Comment on above
Do students earn credit towards their degree by participating?
Yes
No
Comment on above
Do volunteers generate over 85% of the income earned by this activity?
Yes
No
Comment on above
Are the sales conducted via the internet or mail order?
Yes
No
Comment on above
Is over 85% of the total income in this project from the sale of donated merchandise?
Yes
No
Comment on above
Is the only revenue in this project generated from royalties?
Yes
No
Comment on above
Does this activity involve a joint venture or partnership with an organization that is not exempt from taxes?
Yes
No
Comment on above
Is this activity an essential government service or part of a larger government program?
Yes
No
Comment on above
PUBLICATIONS:
Does this project generate revenue from the publishing, selling or distribution of phone directories, journals, newsletters, other publications?
Yes
No
Comment on above
Do any of these publications contain paid advertising?
Yes
No
Comment on above
RENTAL OF PROPERTY:
Do you rent space? This includes land, buildings, or rooms.
Yes
No
Comment on above
Does the rental include personal property (e.g., computers, equipment, furnishings)?
Yes
No
Comment on above
Are personal services provided to the tenant (e.g., security, food, maid, or linen service, operating microphone and/or lights)?
Yes
No
Comment on above
Do you rent equipment or furniture?
Yes
No
Comment on above
RESEARCH INCOME:
Do you generate income from research activities?
Yes
No
Comment on above
Are services sold for the routine testing of materials?
Yes
No
Comment on above
Are the testing/analytical services sold also available from other companies?
Yes
No
Comment on above
Are the testing or analytical services technically advanced, unique or otherwise unavailable from other businesses?
Yes
No
Comment on above
Are Testing Service Agreements or Clinical Trial agreements in place?
Yes
No
Comment on above
Does project earn income from any of the following?
an online store or website?
printing or audio visual services?
renting or selling mailing lists?
collecting parking fees?
selling excess computer time?
sponsorships?
Comment on Above if Needed