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:
1 2014 Neighborhood Assistance Program (NAP) Pre-Award Training Presentation
2 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 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.)
4 Non Profit Organization Applies via IHCDAOnline.comSubmits Reports to IHCDA.Sells credits to donors.Uses NAP funds to provide services to economically disadvantaged individuals.
5 Indiana 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.
6 Donor 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.
7 Indiana Department of Revenue Verifies donor eligibility by comparing tax returns to donor reports.Grants tax credits to donors.
8 Eligibility 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)
9 Eligibility 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.
10 Eligible Activity Categories Community ServicesCounseling and Advice,Medical CareRecreational FacilitiesHousing FacilitiesEconomic Development AssistanceCrime PreventionEducationJob TrainingNeighborhood Assistance
11 Funding 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.
12 Awards will be announced via email, and the IHCDA NAP website on June 27, 2014.
13 Program 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
15 Applications can be submitted at http://www. ihcdaonline Applications can be submitted at Applications will be accepted from March 10 to April 11, 2014
16 Thank you for reviewing the 2014 NAP Pre-Award Webinar. To receive certification for this training, please visit:
17 For NAP questions and concerns please contact: NAP CoordinatorEvan R. Shearin,Community Services Analyst