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

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

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

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  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.)

  3. Non Profit Organization • Applies via IHCDAOnline.com • Submits Reports to IHCDA. • Sells credits to donors. • Uses NAP funds to provide services to economically disadvantaged individuals.

  4. 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.

  5. 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.

  6. Indiana Department of Revenue • Verifies donor eligibility by comparing tax returns to donor reports. • Grants tax credits to donors.

  7. 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)

  8. 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.

  9. Eligible Activity Categories • Community Services • Counseling and Advice, • Medical Care • Recreational Facilities • Housing Facilities • Economic Development Assistance • Crime Prevention • Education • Job Training • Neighborhood Assistance

  10. 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.

  11. Awards will be announced via email, and the IHCDA NAP website on June 27, 2014.

  12. 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

  13. 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 www.ihcdaonline.com

  14. Applications can be submitted at http://www.ihcdaonline.comApplications will be accepted fromMarch 10 to April 11, 2014

  15. Thank you for reviewing the 2014 NAP Pre-Award Webinar. To receive certification for this training, please visit: https://www.surveymonkey.com/s/2014NAPWebinar

  16. For NAP questions and concerns please contact: NAP Coordinator Evan R. Shearin, Community Services Analyst 317-232-0912 eshearin@ihcda.in.gov

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