Sun 12 Feb, 2012 01:32 pm
A university near where I live allows a for-profit corporation to sell personal computers and related equipment from its school building during frequent "Computer & Electronics Fairs." I presume the for-profit corporation pays the university for allow it to do business from the university's location.
As a non-profit institution, the university presumably does not pay real estate taxes. Can it keep the money from the for-profit corporation while keeping its tax exemption?
Does the university have to pay income tax on the money it gets from the for-profit corporation?
Non profits with IRS designation ( charity or educational,) CAN operate for profit programs IF the "business" is related to the mission of the organization. Your campus bookstore is an example.