University Resources, Operations and Policies

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    Taxes on Unrelated Business Income


    Policy Statement

    Adelphi University is a nonsectarian educational corporation with a tax-exempt purpose as stipulated within its Articles of Incorporation that includes all rights, powers and privileges that are conferred upon educational institutions under the laws of the State of New York.

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    Reason for Policy                                                                    

    In accordance with Internal Revenue Code Section 501(c)(3), Adelphi University is a tax-exempt organization. However, tax-exempt organizations are subject to tax on unrelated business income, if the organization regularly generates income from a trade or business which is NOT substantially related to the performance of the organization’s exempt purpose or function.


    Who Is Governed by this Policy                                         

    Staff


    Policy Owner

    Robert Decarlo
    516.877.3184
    decarlo@adelphi.edu                                                        

    Secondary Contacts

    Paul Nelson
    516.877.3191
    nelson2@adelphi.edu

    Susan Okrent
    516.877.3185
    okrent@adelphi.edu


    Document History                                                      

    • Last Reviewed Date: October 13, 2017
    • Last Revised Date: October 13, 2017
    • Policy Origination Date: Not known            

    Who Approved This Policy                                                  

    Robert DeCarlo, Chief Financial Officer & Associate Vice President

    Michael J. McLeod, Assistant Vice President & Budget Director

     

    Categories:

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