Unrelated Business Income Tax (UBIT)

FRS is responsible for completing the University’s Unrelated Business Income Tax Form (IRS Form 990-T) that is due annually to the Kansas Board of Regents by October 15th. 

Unrelated business income (UBI) is defined as gross income derived by an exempt organization from any unrelated trade or business that is regularly carried on.  The primary purpose behind UBI is to eliminate unfair competition between tax-exempt and for-profit organizations.  Determining whether or not the sale of goods or the performance of services has the potential for generating unrelated business income is handled on an individual basis. 

Departments/units with revenue streams that might be considered UBI should contact either Jeff Hunter, Director of Financial Reporting Services (785-864-3321 or jeff.hunter@ku.edu ) or Robbie Vannaman, University Tax Analyst (785-864-3786 or rlv@ku.edu) for further assistance.

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