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The Minnesota Opera 2015 Return of Organization Exempt from Tax (Form 990) 2015 Exempt Organization Business Income Tax Return (Form 990T) 06/30/2016 YE Public Disclosure CopySTATEMENT THAT THIS IS
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Who needs 2015 exempt organization business?

01
Non-profit organizations seeking tax-exempt status for the year 2015
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Businesses involved in activities that qualify for exemption under the IRS guidelines
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Organizations planning to operate as tax-exempt entities in 2015
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Exempt organization business income is income generated by a tax-exempt organization from activities that are not related to its exempt purpose.
Tax-exempt organizations that have business income exceeding $1,000 are required to file exempt organization business income.
Exempt organization business income can be filled out using Form 990-T, which is filed with the IRS.
The purpose of reporting exempt organization business income is to ensure that tax-exempt organizations are not engaging in unfair competition with for-profit businesses.
Exempt organization business income must report the type of business income, total income amount, deductions, and any taxes paid.
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