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2014 Neighborhood Assistance Program (NAP) Pre-Award Training Presentation.

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Presentation on theme: "2014 Neighborhood Assistance Program (NAP) Pre-Award Training Presentation."— 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 6-3.1-9, 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 Submits 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-profit – Name – Address – Tax ID Social Security Number Federal Employer ID Number Claims 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 Services – Counseling and Advice, – Medical Care – Recreational Facilities – Housing Facilities – Economic Development Assistance Crime Prevention Education Job Training Neighborhood Assistance

11 Funding Restrictions New NAP Participants (who have not participated in NAP for 3+ years) Maximum of $15,000. Previous NAP Participants Maximum of $40,000 All 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, 2014- June 30 2016) 60% of credits must be sold by January 9, 2015 100% of credits must be sold by June 5, 2015 Funds raised must be expended by June 24, 2016

14 NAP Reporting Mid-Year Report: due January 9, 2015 End-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 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 Coordinator Evan R. Shearin, Community Services Analyst 317-232-0912

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