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Fulfilling the requirements set by the Indiana Department of Revenue, nonprofit organizations within the state navigate the process with the Indiana NP-20 form, an essential document titled Indiana Nonprofit Organization's Annual Report. Designed to encapsulate the financial and operational status of a nonprofit within a given calendar or fiscal year, this form plays a pivotal role in maintaining transparency and adherence to state regulations. Without requiring a fee, it must be submitted by the 15th day of the fifth month following the tax year's end, signaling comprehensive compliance from address changes to the detailing of unrelated business income, if applicable. Organizations are urged to attach a completed copy of their federal return if filing one, be it Form 990, 990EZ, or 990PF, alongside the NP-20 form. This makes the process not just about state compliance but also intertwines with federal reporting requirements. Key sections of the form prompt organizations to disclose changes in governance, officer details, and summarily, the mission driving their operations, ensuring a broad and detailed view of their activities is available for regulatory review. Through signing the NP-20 form, an officer or trustee affirms the accuracy and completeness of the information provided, thereby reinforcing the commitment of the nonprofit sector to principled operations and accountability.

Sample - Indiana Np 20 Form

NP-20

 

 

 

 

 

Indiana Department of Revenue

 

 

 

 

 

State Form 51062

Indiana Nonprofit Organization's Annual Report

(R12 / 8-21)

 

 

For the Calendar Year or Fiscal Year

 

Beginning

 

 

 

 

 

 

 

and Ending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Place “X” in box if: Change of Address

 

 

 

 

 

 

 

 

 

 

 

Amended Report

 

 

Final Report:

 

Indicate Date Closed______

Due on the 15th day of the 5th month following the end of the tax year.

 

 

 

 

NO FEE REQUIRED

 

 

Name of Organization

 

 

 

 

Telephone Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

County

 

Indiana Taxpayer Identification Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

State

ZIP Code

 

Federal Employer Identification Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Printed Name of Person to Contact

 

 

Contact’s Telephone Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you are filing a federal return, attach a completed copy of Form 990, 990EZ, or 990PF.

Note: If your organization has unrelated business income of more than $1,000 as defined under Section 513 of the

Internal Revenue Code, you must also file Form IT-20NP.

Current Information

1.Indicate number of years your organization has been in continuous existance: _______

2.Have any changes not previously reported to the Department been made in your governing instruments, (e.g.) articles of incorporation, bylaws, or other instruments of importance? If yes, attach a detailed description of changes.

3.Attach a schedule, listing the names, titles and addresses of your current officers.

4.Briefly describe the purpose or mission of your organization below.

Email Address:

I declare under the penalties of perjury that I have examined this return, including all attachments, and to the best of my knowledge and belief, it is true, complete, and correct.

Signature of Officer or Trustee

Title

Date

 

 

 

 

Name of Person(s) to Contact

Daytime Telephone Number

 

*25421111594*

25421111594

Form Overview

# Fact
1 This form is officially known as State Form 51062.
2 It serves as the Indiana Nonprofit Organization's Annual Report.
3 It is issued by the Indiana Department of Revenue.
4 The form is intended for nonprofit organizations operating within Indiana.
5 Organizations must file it by the 15th day of the 5th month following their tax year's end.
6 No fee is required for filing this form.
7 If a nonprofit organization has unrelated business income over $1,000, they must also file Form IT-20NP as per Section 513 of the Internal Revenue Code.
8 Filers must attach a completed copy of Form 990, 990EZ, or 990PF if they are filing a federal return.
9 The form requires detailed information including changes in governing instruments and current officer names and addresses.
10 The form was last revised in August 2021 (R12 / 8-21).

Guide to Filling Out Indiana Np 20

Filling out the Indiana NP-20 form is a critical annual task for nonprofit organizations operating within the state. This document ensures that your nonprofit maintains compliance with Indiana's Department of Revenue. A correctly filled out NP-20 form not only reflects accurate and up-to-date information about your organization but also keeps your nonprofit in good standing with state tax obligations. The process is straightforward if you follow step-by-step instructions and have all necessary information at hand.

  1. Begin by entering the calendar year or fiscal year for which you are reporting in the designated space at the top of the form.
  2. If applicable, place an "X" in the box next to Change of Address, Amended Report, or Final Report. If you mark "Final Report," ensure you indicate the date your organization closed.
  3. Fill in the Name of Organization, Telephone Number, and complete Address including County, City, State, and ZIP Code.
  4. Enter your Indiana Taxpayer Identification Number and Federal Employer Identification Number (FEIN) in the respective fields.
  5. Provide the Printed Name of Person to Contact, along with their Contact’s Telephone Number and Email Address.
  6. If your organization files a federal return, remember to attach a completed copy of Form 990, 990EZ, or 990PF as indicated in the form note.
  7. In Current Information section:
    1. Indicate the number of years your organization has been in continuous existence.
    2. If there have been any changes not previously reported to the Department in your governing instruments, check "yes" and attach a detailed description of changes.
    3. Attach a schedule listing the names, titles, and addresses of your current officers.
    4. Briefly describe the purpose or mission of your organization in the provided space.
  8. Review your filled-out form to ensure all information is accurate and complete. Any inaccuracies or omissions can delay processing or lead to compliance issues.
  9. Finally, an officer or trustee must sign and date the form, declaring under penalties of perjury that the information provided is true, complete, and correct.

After completing these steps, make sure to submit the form by the due date, which is the 15th day of the 5th month following the end of your tax year. Timely submission avoids potential penalties and ensures your organization remains in good standing. Always keep a copy of the submitted form and any attachments for your records.

Frequently Asked Questions

What is the Indiana NP-20 form, and who needs to file it?

The Indiana NP-20 form, titled "Indiana Nonprofit Organization's Annual Report," is a document that nonprofit organizations registered in the state of Indiana must complete annually. This form is required by the Indiana Department of Revenue and serves as an annual report for the organization. Its primary purpose is to provide the state with current information about the nonprofit, including any changes in address, governance, or status. Additionally, it includes a section for the nonprofit to describe its mission or purpose. Nonprofits that are exempt from federal income tax and those that have obtained a Federal Employer Identification Number (FEIN) are required to file this form. If a nonprofit has unrelated business income over $1,000, as defined under Section 513 of the Internal Revenue Code, it must also file Form IT-20NP. The NP-20 form must be submitted by the 15th day of the 5th month following the close of the tax year, and there is no filing fee required.

Is there a filing fee for the Indiana NP-20 form?

No, there is no filing fee required for submitting the Indiana NP-20 form. This makes it accessible for all nonprofits in the state to comply with regulatory requirements without the burden of additional financial obligations. The lack of a filing fee helps ensure that nonprofits, regardless of their size or financial capacity, can fulfill their reporting duties to the state.

What documentation is required to be attached to the NP-20 form?

When filing the NP-20 form, the organization must attach a completed copy of its federal return if applicable. This typically includes Form 990, Form 990EZ, or Form 990PF, depending on the nonprofit's financial activities and size. Additionally, if there have been any changes not previously reported to the Department in the nonprofit's governing instruments, such as articles of incorporation or bylaws, a detailed description of these changes must also be attached. Furthermore, a schedule listing the names, titles, and addresses of current officers of the organization should be included. These attachments ensure that the Department of Revenue has the most current and comprehensive information about the nonprofit's operations and governance.

What happens if a nonprofit fails to file the NP-20 form or files it late?

If a nonprofit fails to file the NP-20 form or submits it after the due date, the Indiana Department of Revenue may impose penalties and interest. Additionally, the nonprofit risks losing its tax-exempt status with the state, which can have significant financial implications, including becoming subject to state income taxes. It's therefore crucial for nonprofits to adhere to the filing deadline – the 15th day of the 5th month following the end of their tax year – to avoid such penalties and to maintain their tax-exempt status. Nonprofits should prioritize the timely and accurate completion of the NP-20 to ensure compliance with state regulations and to continue benefiting from tax-exempt privileges.

Common mistakes

Filling out the Indiana NP-20 form, essential for Indiana's nonprofit organizations, may seem straightforward but common mistakes can lead to delays or complications. Paying attention to detail and understanding each section is crucial when completing this annual report.

One common error involves the organization's contact information. Nonprofits often forget to update their current address, telephone number, or email address. Ensuring that all contact details are accurate and up to date is essential, as this is how the Indiana Department of Revenue communicates with the organization.

Another frequently seen mistake is not attaching a completed copy of Form 990, 990EZ, or 990PF when the organization is filing a federal return. This attachment is required and provides a detailed account of the organization's financial activities over the past year.

Misunderstandings regarding the section on unrelated business income also occur. Organizations sometimes overlook the need to file Form IT-20NP if they have unrelated business income of more than $1,000. Recognizing and accurately reporting such income is critical to comply with tax obligations.

Here is a list of six common mistakes:

  1. Not checking the box for Change of Address, Amended Report, or Final Report when applicable.
  2. Failure to update the number of years the organization has been in existence.
  3. Omitting changes in governing instruments or not attaching a detailed description of such changes when there have been updates.
  4. Not attaching a schedule listing the current officers of the organization, including their names, titles, and addresses.
  5. Inadequately describing the purpose or mission of the organization in the designated section.
  6. Incorrectly or incompletely filling out the signature section, including the printed name and title of the officer or trustee, and the contact person's details and daytime telephone number.

To avoid these mistakes, it is recommended to review each section of the NP-20 form thoroughly before submission. Furthermore, it may be beneficial to look over the previous year's submission, if available, to ensure consistency and accuracy in reporting. Diligence and attention to detail can save time and prevent unnecessary communication with the Indiana Department of Revenue.

Being aware of these common errors can assist organizations in submitting a well-prepared and complete NP-20 form. It is not just about fulfilling a requirement but also about upholding the transparency and accountability standards that are vital to nonprofit operations. By focusing on accuracy and completeness, nonprofits can navigate this process more smoothly and continue focusing on their mission without unnecessary setbacks.

Documents used along the form

When preparing the Indiana NP-20 form, an essential document for Indiana-based nonprofit organizations to maintain their tax-exempt status, several other forms and documents play a pivotal role in ensuring the organization's compliance and financial transparency. Understanding these complementary documents helps in creating a comprehensive overview of the nonprofit's fiscal health and organizational structure, ensuring that they meet both state and federal requirements.

  • Form 990, 990EZ, or 990PF: These forms are the IRS's primary tool for gathering information about nonprofit organizations, ensuring they comply with tax laws designed to give them tax-exempt status. Depending on the size and nature of the entity, different levels of detail are required. The NP-20 form mandates attaching the completed federal return, highlighting the intertwined nature of state and federal compliance for nonprofits.
  • Form IT-20NP: Required if a nonprofit organization generates more than $1,000 in unrelated business income. This form details the income, expenses, and net profit or loss from activities not directly related to the nonprofit's exempt purpose, emphasizing the need for clear separation between exempt and non-exempt activities.
  • Governing Instruments Updates: If there have been any changes to the organization's articles of incorporation, bylaws, or other significant documents, detailed descriptions of these changes must be attached. This ensures that the revenue department is aware of any alterations to the structure or purpose of the organization, which could affect its tax-exempt status.
  • Current Officer Schedule: A comprehensive list of names, titles, and addresses of current officers is required. This document helps the state maintain an up-to-date record of who is responsible for the nonprofit, facilitating communications and ensuring accountability.

Together, these documents form a complete picture of a nonprofit organization's operational, financial, and governance health. Accurate and timely filing not only maintains tax-exempt status but also fosters transparency and trust with stakeholders, including donors, members, and state and federal oversight bodies. Nonprofit organizations are encouraged to familiarize themselves with these requirements and prepare these documents carefully to ensure compliance and support their mission effectively.

Similar forms

The Indiana NP-20 form is similar to several other documents that nonprofit organizations may encounter, particularly when they are handling their annual reporting and tax obligations. This form, designated for the Indiana Department of Revenue, encompasses aspects familiar to those who have dealt with federal nonprofit filings, state-level nonprofit reports, and unrelated business income reports. Each of these documents has its unique features, yet shares common purposes with the NP-20 form, such as ensuring compliance, providing transparency, and maintaining the nonprofit's status.

Federal Form 990, 990-EZ, or 990-PF

The Indiana NP-20 form is notably similar to the federal Form 990 series, which includes Form 990, 990-EZ, and 990-PF. These forms are required by the Internal Revenue Service (IRS) for most tax-exempt organizations to provide annual financial information. Like the NP-20 form, they serve to inform the government and the public about the nonprofit's operations, including revenue, expenditures, and activities aligned with its mission. The requirement to attach a completed copy of one of these forms when filing the NP-20 emphasizes the parallel in their purpose, which is to ensure accountability and transparency of nonprofit organizations. They both ask for detailed descriptions of the organization's activities, financial statements, and list of current officers, though the federal forms require more comprehensive financial details and can vary in complexity depending on the size and operations of the nonprofit.

State-Level Nonprofit Annual Reports

Many states require nonprofit organizations to file annual reports with a state agency, typically the Secretary of What's similar between these state-level reports and Indiana's NP-20 is their role in updating the state on the nonprofit's current status. This includes changes in address, amendments to the organizational documents, or updates in leadership—information that ensures the state has current data on the organization for regulatory and communication purposes. While the specifics of what’s included in these reports can vary from one state to another, the core goal is similar to the NP-20’s objectives: to maintain the nonprofit's good standing within the state, ensuring it operates in alignment with its declared mission and complies with state laws governing charitable organizations.

Form IT-20NP for Unrelated Business Income

Another document akin to the NP-20 is the Form IT-20NP, which is specific to Indiana nonprofits that have unrelated business taxable income exceeding $1,000. The IT-20NP form is used to report income that is not directly related to the organization's exempt purpose. This requirement mirrors a section of the NP-20 form which mandates reporting if the organization has received any unrelated business income, as defined under Section 513 of the Internal Revenue Code. Both forms are concerned with ensuring that nonprofits report and, where applicable, pay taxes on income not connected to their primary, tax-exempt functions. While they cater to different aspects of a nonprofit’s financial activities, the underlying principle is the preservation of the integrity and transparency of nonprofit operations within the state.

Dos and Don'ts

When filling out the Indiana NP-20 form, specifically designed for nonprofit organizations to report their annual financial activities, it's essential to proceed with care. This document plays a crucial role in maintaining your organization's compliance with state tax obligations. Here’s a combined list of actions you should and shouldn't do to ensure the process goes smoothly.

Do:
  1. Review the entire form before you start filling it out to ensure you understand all the required information.

  2. Ensure that your organization's name, address, and contact information are current. If there have been any changes, mark the appropriate box at the top of the form.

  3. Include the Indiana Taxpayer Identification Number and the Federal Employer Identification Number accurately to avoid any processing delays.

  4. Attach a detailed description of any changes in your governing instruments that have not been previously reported to the Department of Revenue.

  5. Provide a current list of officers, including their names, titles, and addresses, as part of the required schedule.

  6. Briefly describe the purpose or mission of your organization where requested. This helps clarify your nonprofit's objectives.

  7. If your nonprofit files a federal return, attach a completed copy of Form 990, 990EZ, or 990PF, as instructed.

  8. Verify the accuracy of all information before signing the form. The signature certifies that the form is complete and correct to the best of your knowledge.

  9. File the form on time – due on the 15th day of the 5th month following the end of your fiscal year.

Don't:
  • Don't leave any required fields blank. Incomplete forms may be returned or rejected, potentially causing delays.

  • Don't forget to attach the necessary schedules or descriptions for changes in your organization's governing instruments.

  • Don't file the form without reviewing it for accuracy. Mistakes can lead to unnecessary complications with the Department of Revenue.

  • Don't neglect to sign and date the form. An unsigned form is not valid and will not be processed.

  • Don't miss the filing deadline. Late submissions might attract penalties or affect your organization's standing with the state.

Taking the time to carefully review and accurately complete the Indiana NP-20 form is essential for maintaining your nonprofit organization's good standing and compliance with state regulations. Remember, this document is a reflection of your organization's financial activities and commitments over the past fiscal year. Handle it diligently to ensure a smooth submission process.

Misconceptions

When it comes to filling out and understanding the Indiana NP-20 form, commonly used by nonprofit organizations, several misconceptions can lead to confusion and apprehension. Recognizing and addressing these misunderstandings can simplify the process for your organization.

  • Misconception #1: A fee is required to file the NP-20 form.

    Many believe that submitting the NP-20 form to the Indiana Department of Revenue comes with a filing fee. However, this is incorrect; no fee is necessary to file this annual report. The form is a requirement for maintaining nonprofit status in Indiana, focusing on transparency and accountability, without imposing financial burdens for its submission.

  • Misconception #2: The NP-20 form is optional for Indiana nonprofits.

    Some might think that the NP-20 form is an optional document that nonprofits can choose to file at their discretion. This belief is not accurate. Indiana requires registered nonprofit organizations to submit this form annually. It serves as a crucial compliance document, ensuring that the organization operates within the legal framework set for nonprofits in the state.

  • Misconception #3: Only organizations with unrelated business income need to file.

    There's a common misunderstanding that only nonprofits with unrelated business income over $1,000 need to file the NP-20 form. While it's true that those organizations must also file Form IT-20NP, all Indiana nonprofits, regardless of their income sources, are required to submit the NP-20 form. This requirement helps maintain their tax-exempt status and keeps their records up to date with the state.

  • Misconception #4: Detailed financial information must be included in the NP-20 form.

    Another misconception is that the form requires detailed financial reporting from the filing organization. Actually, the NP-20 form focuses more on providing current information about the organization, such as changes in the governing instruments, a list of current officers, and a brief description of the organization’s mission or purpose. While financial information is significant, especially concerning unrelated business income, the main purpose of this form is to report operational and structural information about the nonprofit.

Understanding these misconceptions can greatly reduce the stress surrounding the filing process for the NP-20 form. Fostering a correct understanding of the form's requirements ensures that nonprofits in Indiana can remain compliant with state regulations efficiently and effectively.

Key takeaways

When dealing with the Indiana NP-20 form, it’s essential to keep several key points in mind to ensure the process goes smoothly and your nonprofit organization remains in good standing. Here’s what you need to remember:

  • The NP-20 form is an annual report required by the Indiana Department of Revenue for nonprofit organizations operating within the state.
  • This form is due on the 15th day of the 5th month following the close of your tax year, allowing sufficient time to gather the necessary information after the year ends.
  • There is no fee associated with filing the NP-20 form, making it a cost-effective step in maintaining your nonprofit's compliance with state reporting requirements.
  • If your organization has undergone any address changes, or if this report is intended to amend previously submitted information or to serve as a final report due to closure, there are specific boxes to mark at the beginning of the form indicating such.
  • Attachment of a completed copy of Form 990, 990EZ, or 990PF is required if you are filing a federal return. This helps streamline the reporting process by utilizing already compiled financial information.
  • For organizations with unrelated business income over $1,000, the completion and submission of Form IT-20NP is also necessary, which addresses income not directly related to the nonprofit's main purpose.
  • The form requests details regarding changes to the organization’s governing documents, a list of current officers, and a brief description of the organization’s mission. This information helps ensure that the Department of Revenue stays up-to-date with your nonprofit's operations and leadership.

Adhering to these guidelines when completing the Indiana NP-20 form not only helps in keeping your nonprofit organization compliant with state reporting requirements but also aids in maintaining an accurate public record of your nonprofit's purpose, activities, and leadership.

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