Dexter non-profit receives over $300,000 in NAP tax credits | Community Spirit
DEXTER, MO (KFVS) - The Missouri Department of Economic Development recently announced that a Dexter not-for-profit organization has been approved for state tax credits under the Neighborhood Assistance Program.
The Dexter Community Regional Healthcare Foundation has been approved for $308,186 in NAP tax credits. Donations received as part of this project will be directed to RHF's "Stoddard Families" project, enabling young parents to finish their education, obtain employment and improve outcomes for themselves and their children.
Organizers say the program provides mentoring, parenting education and home visits, tutoring and GED instruction, employment skills development and case management to expecting and new mothers ages 21 and under.
The project is part of approximately $4.6 million approved in tax credits in the first round of NAP applications for the fiscal year 2013.
The DED administers the Neighborhood Assistance Program that helps not-for-profit organizations raise private-sector funds by providing partial state tax credits to businesses that make contributions to approved community improvement projects.
Businesses can donate cash, materials, supplies or equipment; technical assistance and professional services; labor; real estate; or stocks and bonds. Credits can equal up to 50 percent of the total amount contributed or up to 70 percent for projects located in most rural areas.
Not-for-profit organizations participating in the NAP program conduct capital campaigns or provide services in the areas of crime prevention, education, job training, physical revitalizations, or community services. NAP is used by not-for-profit organizations throughout Missouri to make their communities a more desirable place to live and work, as well as pave the way for economic development.
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