By Antonio D. French
Filed Tuesday, July 17, 2007 at 8:08 AM
The Missouri Department of Economic Development has approved Neighborhood Assistance Program (NAP) tax credits for several not-for-profit organizations: Labels: Tax_Credits
Gateway Greening, St. Louis, has been approved for $59,044 in NAP tax credits. Gateway Greening will utilize the tax credits to provide tools, training and on-going support for more than 180 community greening and gardening projects.
Missouri EnergyCare, Inc., St. Louis, has been approved for $24,000 in NAP tax credits. Missouri EnergyCare, Inc., will utilize the tax credits to fund its annual Winter Warming and Summer Cooling programs. These programs work among the medically vulnerable, low-income residents of St. Louis and St. Louis County to prevent illness, hospitalization or death caused by summer heat and humidity or winter cold.
Operation Food Search, St. Louis, has been approved for $200,000 in NAP tax credits. Operation Food Search will utilize the tax credits to provide $16 million of emergency food assistance to member agencies for distribution to Missourians in need. The project is expected to serve 265,000 individuals during the next year.
St. Patrick Center, St. Louis, has been approved for $240,453 in NAP tax credits. St. Patrick Center will utilize the tax credits for its Employment Enhancement project. The project will provide skill development services that enable Missourians to become employable, seek higher grades of employment and for completing vocational or educational training.
4 Comments:
I could not help but notice how paltry these tax credits are as compared with what McKee was seeking. These worthy programs truly help people and make a difference for as many needy people as possible on the small allotment they have. Imagine what 100 million dollars could do for them.
7/17/2007 8:25 AM
Took the words out of my mouth! I'm imagining new homeowners, who care for their surroundings, because they have a stake in it.
Good Programs, is the employment enhancment offered through the unemployment office, or somewhere people go when they want JOBS, not just unemployment payments?
7/17/2007 8:48 AM
What does a non-for-proffit that dosen't pay taxes do with tax credidts any way?
Doy they not have to pay state payrole taxes?
Do the sell the tax credits?
Can some one explain?
7/17/2007 4:38 PM
They sell them. I'm not sure what the value of these particular credits are (a dollar for a dollar, 80 cents on the dollar, etc).
7/18/2007 7:28 AM
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