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Tax credits go a long way with small groups too

Yavapai Exceptional Industries, founded in 1974, opened its doors with 12 employees. Today, providing job training, employment, volunteer placements, and support services for developmentally disabled adult residents, YEI! has grown to 45 full- and part-timers assisting more than 150 individuals daily at three training and employment facilities. (YEI!/Courtesy)

Yavapai Exceptional Industries, founded in 1974, opened its doors with 12 employees. Today, providing job training, employment, volunteer placements, and support services for developmentally disabled adult residents, YEI! has grown to 45 full- and part-timers assisting more than 150 individuals daily at three training and employment facilities. (YEI!/Courtesy)

Editor’s Note — This is the third in a series of Nonprofit Corner stories, designed to bring to the community’s attention nonprofits and their needs.

When it is the season for donating to charity, the bigger organizations may come to mind first. And, while they are worthy, sometimes the smaller groups are just as deserving.

Before you file your 2018 taxes, consider some of these 501(c)3 organizations:

• Blankets4Kids — A certified 501(c)3 nonprofit, this group is eligible for the Arizona Charitable Tax Credit. It collects blankets, household items and financial donations for people in need. Examples include a family earlier this year in Paulden that lost their home, personal belongings and pets to a fire.

The group also has donated blankets to hurricane victims and others involved in tragedies. It regularly stocks local law enforcement, among others, with blankets and comfort items, given to the children.

Blankets4Kids has monthly collections in the tri-city area; watch this page and dCourier.com for details. Contact them at 928-541-0483 or visit www.blankets4kids.org.

• YEI! — Yavapai Exceptional Industries, which has multiple locations in the tri-city area, is an organization that is eligible for the AZ Working Poor Tax Credit.

YEI! was founded in 1974 in Prescott. It opened its doors with only 12 employees. Since then, YEI! has been providing job training, employment, volunteer placements, and support services for developmentally disabled adult residents within the Central Highlands. It has grown to encompass 45 full- and part-time exceptional people assisting over 150 individuals daily at three training and employment facilities. YEI!, which has a Board of Directors, continues to be known as a place where people with disabilities can find gainful employment and a sense of personal pride.

Contact YEI! through www.yeiworks.com or by calling one of its locations: Washington Avenue Industries location, 928-445-0991; Ruger Airpark Industries, 928- 445-9900; or Antelope Point @EastRidge, 928-772-6235.

DONATING

On Dec. 13, The Daily Courier explained the Arizona Tax Credit. To clarify, the State of Arizona offers people a unique chance to support their favorite charities through a dollar-for-dollar charitable giving tax credit program — $400 an individual and $800 for a couple.

In the Prescott area, there are about 30 non-profit organizations eligible to benefit from this program — in addition to local public and private schools, foundations, and veteran services — that requires donors to write the checks before tax time. The taxpayer in turn gets a same-amount “credit” on their tax return.

If an organization you are interested in has not been listed in this space, be sure the nonprofit you want to donate to is eligible for the tax credit by contacting the group or your tax accountant.

The maximum tax credit donation amounts are:

• For qualified charitable organizations: $400 for a single taxpayer and $800 for taxpayers filing a joint tax return.

• For public schools: $200 for a single taxpayer and $400 for taxpayers filing a joint tax return.

• For private schools: $545 for a single taxpayer and $1,090 for taxpayers filing a joint tax return, or $542 and $1,083 depending on which form is filled out.

According to the state tax website: “Effective in 2016, credit eligible contributions made on or before the 15th day of the fourth month following the close of the taxable year may be applied to either the current or the preceding taxable year and are considered to have been made on the last day of that taxable year.”

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