Financials & Impact Reports
Neighborhood Assistance Program (NAP) Tax Credits
DO YOU HAVE BUSINESS INCOME IN MISSOURI?
If so, you can receive a reduction in your Missouri state taxes equal to 50% of eligible charitable contributions through the Missouri Neighborhood Assistance (NAP) Tax Credit Program. The NAP allows Missouri taxpayers to determine where their state tax dollars will be utilized by donating to charitable organizations. NAP Tax Credits are an incentive that helps increase your generosity to Logos School. At a minimum you get 50 cents back from every dollar you donate when filing Missouri State taxes.
First, as with any charitable donation, you can take the federal and state charitable tax deductions. As a bonus, you can claim 50% of the donation as a credit on your Missouri State taxes. So, with a NAP Tax Credit, your gift directly benefits Logos students and their families while vastly reducing your federal and state tax liability. Logos has been allocated a limited number of credits; please secure your credits today to ensure their availability.
HOW DO TAX CREDITS WORK FOR YOU AND HELP LOGOS SCHOOL?
| Donation to Logos | $10,000 | 20,000 | 50,000 |
|---|---|---|---|
| Missouri Tax Credit (50% of gift) | $(5,000) | $(10,000) | $(25,000) |
| Total Federal Tax Deduction* | $5,000 | $10,000 | $25,000 |
| Federal Income Tax Reduction (based on 35% federal tax bracket) | $1,750 | $(3,500) | $(8,750) |
| State Income Tax Reduction (assume 5.4%) | $(270) | $(540) | $(1,350) |
| Your Total Tax Savings | $(7,020) | $(14,040) | $(35,100) |
| Your Net Out-Of-Pocket Cost (estimated) | $2,980 | $5,960 | $14,900 |
| Total Benefit to Logos School | $10,000 | $20,000 | $50,000 |
Logos School has set the minimum contribution to receive tax credits at $2,500. With a limited amount of tax credits to be claimed, we anticipate that they will go fast!
WHO QUALIFIES?
- Corporations
- Farm Operation
- Financial Institution
- Individual partner in a partnership or shareholder in an S-Corp
- Individual reporting income from rental property
or royalties - Insurance Company
- Limited Liability Corporation or Partnership
- Partnership ΜΆ Sole Proprietorship
- Small Business Corporation (S-Corp)
- Exempt Charitable Organizations
Impact Reports and 990 Forms
Every year, our Impact Report tells the story of the Logos mission and how we provide an educational and therapeutic space where students strive to reach their full potential. We could not provide the necessary support to our students without the generous donors whose contributions enable the relationships, resources, and unique formulas for success students and their families find at Logos. These investments ensure the strength and success of our school. Each gift demonstrates a belief in our mission and goes directly to programming and resources aimed at helping students thrive academically, emotionally, and socially, as well as tuition assistance so that every student who needs support can receive it. We are inspired by and celebrate this incredible community, and it is our privilege to recognize our donors and share their generosity in action.
Every effort has been made to ensure the accuracy of the reports. If you notice any errors, please accept our apologies and notify the Development Office. We thank you for your understanding.
For more information, or to receive a printed copy of the Impact Report, please contact the Development Office.