The Silverton Symphony Orchestra Hall is a well-established not-for-profit organization exempt under IRC section 501(c)(3) that owns a debt-financed facility that is home to the local symphony orchestra. Its mission is to increase access to the arts for the community of Silverton. The facility is used throughout the year for many activities.

1. Sale of Silverton Symphony Orchestra concert CDs in the facility’s gift shop.

2. Rental of the facility to the high school drama club.

3. Rental of two apartments in the facility to the symphony.

4. Sale of the season ticket membership list to a local music store.

5. Rental of the facility to the state CPA association for continuing professional education events.

6. Internet gift shop sales of books about the community of Silverton.

7. Lease of the facility’s parking lot to the local university on football game days.

Required

Indicate whether the regularly conducted activity of Silverton Symphony Hall is/is not subject to unrelated business income tax. 

Transcribed Image Text:

Subject to UBIT Not Subject to UBIT