Presentation on theme: "What is NAP? NAP is a program of the State of Indiana in which tax credits are distributed to eligible non profits for sale as a fundraising and capacity."— Presentation transcript:
12014 Neighborhood Assistance Program (NAP) Pre-Award Training Presentation
2What is NAP?NAP is a program of the State of Indiana in which tax credits are distributed to eligible non profits for sale as a fundraising and capacity building tool.NAP is created by Indiana Code , and is jointly administered by IHCDA and the Indiana Department of Revenue.NAP receives $2.5 million in tax credits annually, to be distributed to eligible non-profits.NAP Credits are redeemable at a 50% rate. (So a donation of $100 buys a tax credit worth $50.)
4Non Profit Organization Applies via IHCDAOnline.comSubmits Reports to IHCDA.Sells credits to donors.Uses NAP funds to provide services to economically disadvantaged individuals.
5Indiana Housing and Community Development Authority Determines conditions of eligibility.Distributes credits to eligible non-profit organizations.Provides support and assistance in credit sale and reporting.Collects donor reports from non-profit organizations.Compiles donor reports and submits to DOR.
6Donor Purchases credits from the non-profit organization. Provides necessary information to the non-profitNameAddressTax IDSocial Security NumberFederal Employer ID NumberClaims credits on Indiana tax return.
7Indiana Department of Revenue Verifies donor eligibility by comparing tax returns to donor reports.Grants tax credits to donors.
8Eligibility To participate in NAP, organizations must: be an Indiana Non-profit Domestic Corporation in good standing with the Indiana Secretary of State.have received a ruling from the IRS or the US Department of the Treasury under IRS code 501(c)3 OR have a ruling of tax exemption from the Indiana Department of Revenue.be engaged in one of the five eligible activity categories (outlined below)serve an economically disadvantaged community or individuals(continued on next page)
9Eligibility To participate in NAP, organizations also must: Have successfully completed the 2013 NAP cycle (if applicable)Have a representative on staff who has completed a NAP pre-award training webinar/presentation.
10Eligible Activity Categories Community ServicesCounseling and Advice,Medical CareRecreational FacilitiesHousing FacilitiesEconomic Development AssistanceCrime PreventionEducationJob TrainingNeighborhood Assistance
11Funding Restrictions New NAP Participants Maximum of $15,000. (who have not participated in NAP for 3+ years)Maximum of $15,000.Previous NAP Participants Maximum of $40,000All organizations must apply for a minimum of $1,000.
12Awards will be announced via email, and the IHCDA NAP website on June 27, 2014.
13Program Timeline Total Project Timeline: 24 Months (July 1, June )60% of credits must be sold by January 9, 2015100% of credits must be sold by June 5, 2015Funds raised must be expended by June 24, 2016
14*Electronic reports can be submitted via www.ihcdaonline.com NAP ReportingMid-Year Report: due January 9, 2015End-of-Year Report: due June 5, 2015(if applicable)Close-out report due June 24, 2016*Electronic reports can be submitted via
15Applications can be submitted at http://www. ihcdaonline Applications can be submitted at Applications will be accepted from March 10 to April 11, 2014
16Thank you for reviewing the 2014 NAP Pre-Award Webinar. To receive certification for this training, please visit:https://www.surveymonkey.com/s/2014NAPWebinar
17For NAP questions and concerns please contact: NAP CoordinatorEvan R. Shearin,Community Services Analyst