By Angela Crawford, CPA, Director at Blue & Co.

There are two key items Indiana not-for-profits need to know in first quarter 2024 – no matter your organization’s fiscal year end!

New Indiana Form NP-20R, Not-For-Profit Organization’s Report

Indiana not-for-profits are now required to file a new report, Form NP-20R. This form replaces Form NP-20 and is slightly different.

New Form NP-20R must be filed every five years.

The due dates for initial forms are staggered over four years based on the last two digits of your federal identification number (FEIN).

The following due dates apply:

• May 15, 2024 for FEINs ending in 00-24 (or if the organization does not have a FEIN)
• May 15, 2025 for FEINs ending in 25-49
• May 15, 2026 for FEINs ending in 50-74
• May 15, 2027 for FEINs ending in 75-99

Your organization’s year-end does not impact your due date to file this report. Once you file the initial form, you do not file again for five years.

Form NP-20R must be filed by the not-for-profit through its account on Indiana’s INTIME system.

Form NP-20R replaces Form NP-20, which was filed annually in conjunction with the federal information return (Form 990, 990EZ, 990-PF or 990-N). 2021 reports filed in 2022 are the last report year for the old Form NP-20.

How to File New Form NP-20R

A copy of your organization’s most recently completed Form 990 must be uploaded when you submit Form NP-20R through INTIME.

For example, if your organization has a December 31 year end and is required to file by May 15, 2024, upload a copy of your December 31, 2023 Form 990. If your December 31, 2023 990 is not yet complete, you may upload a copy of the December 31, 2022 Form 990. If your organization has a June 30 year end and is required to file by May 15, 2024, you will upload a copy of your June 30, 2023 federal tax filing (if completed), otherwise upload you June 30, 2022 filing. Once you file in 2024, your next NP-20R filing will then be due May 15, 2029.

Rest assured, the filing is very simple and should only take a few minutes. Questions include the number of years in existence, the organization’s mission, and officer names and titles – similar to reporting on the previously filed NP-20.

Indiana Organizations that File Form 990-T

If your organization has unrelated business income in Indiana, you must still file Form IT-20NP annually. The due date remains unchanged and corresponds to the Federal Form 990.

Indiana Property Tax Exemptions: Form 136 Deadline is April 1, 2024

Has your charitable organization moved in the last year? Have you had a significant change in use of your property? If your organization is in Indiana and you answered yes to either, you may need to file a new Form 136 Application for Property Tax Exemption.

See our article here for more information on Indiana’s property tax exemption for not-for-profits.

What do you need to do now?

• Notify your contact at Blue if you need to file Form 136 and need assistance in the process.
• Register for an an INTIME account if you have not yet done so.

Contact your Blue & Co. Advisor if you have any questions.