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Lakewood is a tax-exempt organization that owns and operates a 1,000-acre retreat center for underserved youth. Which of the following activities involving the retreat will
Lakewood is a tax-exempt organization that owns and operates a 1,000-acre retreat center for underserved youth. Which of the following activities involving the retreat will result in unrelated business income for Lakewood? A. Selling food and beverages in the retreat cafeteria to anyone who works at or visits the retreat. B. Leasing the retreat in the off-season to unrelated parties and using the rental income to pay for Lakewood's operating expenses. C. Selling branded merchandise in the retreat's store to the general public. D. Using the retreat for monthly casino night events that are open to the public but staffed substantially by Lakewood volunteers
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