Form Npo - Retail Sales And Use Tax Exemption Instructions (Page 3 of 6) in pdf

previous year annual gross revenue is less than $5,000, you must provide a copy of the

organization’s mission statement or statement of purpose.

NOTE: Nonprofit organizations with gross annual revenue of at least $750,000 in the

previous year are required to provide a financial review performed by an independent

certified public accountant. The Department may require an organization with gross annual

revenue of at least $1 million in the previous year to provide a financial audit performed by

an independent certified public accountant in lieu of a financial review.

(b). Previous Year’s Total Fundraising: Enter fundraising expenses incurred in soliciting

contributions, gifts and grants. Fundraising expenses should include all allocable overhead

costs incurred in: (1) publicizing and conducting fundraising campaigns; (2) soliciting

bequests and grants from foundations or other organizations, or government grants; (3)

participating in federated fundraising campaigns; (4) preparing and distributing fundraising

manuals, instructions, and other materials; (5) salaries; and (6) conducting special events

990, or 990-EZ,

that generate contributions. If filed federal Form

enter the amount as

reported to the IRS.

(c)

Previous Year’s General Administrative Cost: Enter administrative expenses incurred

for overall function and management, rather than for its direct conduct of fundraising

activities or program services. Overall management includes the salaries and expenses of

the chief officer of the organization and that officer’s staff. If part of their time is spent

directly supervising program services and fundraising activities, their salaries and expenses

990 or 990-EZ,

should be allocated among those functions. If filed federal Form

enter the

amount as reported to the IRS.

NOTE: If not required to file federal Form 990 or 990-EZ, you may need to use other

financial documents to provide this information.

Section VI - Estimate of Tangible Personal Property Purchased and Sold in Virginia

Definition of Tangible Personal Property (TPP) – is any items that can be seen, weighed, measured, felt,

or touched, or is in any other manner perceptible to the senses. Examples of tangible

personal property include, supplies, furniture, office equipment, or any items purchased for

use or consumption by the organization.

Question 10.

Part 1

Enter the dollar amount of the total taxable purchases of TPP in the next year, the current

year and the taxable purchases made in the preceding year by the organization. Do not

include the sales tax. Enter zero if no purchases will be made or were made by the

organization. Exclude goods for resale, motor vehicles and fuel, services, salaries,

insurance, utilities, postage/shipping, rent/mortgage payments, depreciation, and interest

charges. Estimates are acceptable.

Part 2

Enter the dollar amount of the total taxable sales of TPP sold in the next year, the current

year and the taxable sales made in the preceding year by the organization. Enter zero if the

organization made no sales for the period. Exclude goods for resale, motor vehicles and

fuel, services, salaries, insurance, utilities, postage/shipping, rent/mortgage payments,

depreciation, and interest charges. Estimates are acceptable.

Va. Dept. of Taxation

Rev. (8/15/13)

Page 3

Form Npo - Retail Sales And Use Tax Exemption Instructions Page 3

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