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Form IT-20NP Indiana Department of Revenue
State Form 148
(R23 / 8-24) Indiana Nonprofit Organization Unrelated Business Income Tax Return
for Calendar Year Ending December 31, 2024
or Fiscal Year Beginning 2024 and Ending
Check box if amended. Check box if name changed.

Name of Organization Federal Employer Identification Number

Number and Street Principal Business Activity Code Foreign Country 2-Character Code

City State ZIP Code 2-Digit County Code Telephone Number

A. Check all boxes that apply: Initial Return Final Return In Bankruptcy
B. Do you have on file a valid extension of time to file your return (federal Form 7004 or an electronic extension of time)? Yes No
C. Check the box if entity has multiple unrelated trades or businesses (see instructions).

Adjusted Gross Income Tax Calculation on Unrelated Business Income
1. Unrelated business taxable income before NOL deduction from federal Form 990-T.
Use a minus sign for negative amounts. Attach Form 990-T ________________________________ 1 00
2. Non-unitary partnership income ______________________________________________________ 2 00
3. Specific deduction (generally $1,000; see instructions) ____________________________________ 3 00
4. Subtract line 2 and line 3 from line 1___________________________________________________ 4 00
Modifications (use a minus sign for negative amounts)
5. Enter name of add-back or deduction Code No. 5 00
6. Enter name of add-back or deduction Code No. 6 00
7. Enter name of add-back or deduction Code No. 7 00
8. Enter name of add-back or deduction Code No. 8 00
9. Unrelated business income: add or subtract lines 4 through 8. If not apportioning, enter
same amount on line 11 ____________________________________________________________ 9 00
10. Enter Indiana apportionment percentage, if applicable, from line 9 of IT-20 Schedule E
apportionment (enclose schedule) ____________________________________________________ 10 . %
11. Unrelated business apportioned to Indiana (multiply line 9 by line 10; otherwise, enter line 9 amount) _ 11 00
12. Non-unitary partnership income from Indiana sources ____________________________________ 12 00
13. Enter Indiana Net Operating Loss deduction. Enclose Schedule IT-20NOL ____________________ 13 00
14. Taxable Indiana unrelated business income (add line 11 and line 12 and subtract line 13) ________ 14 00
15. Taxable income from other forms (Form 1120-POL) _______________________________________ 15 00
16. Subtotal (add lines 14 and 15) _______________________________________________________ 16 00
17. Indiana tax on unrelated business income (multiply line 16 by tax rate; see instructions for line 17) __ 17 00
18. Sales/Use Tax Due ________________________________________________________________ 18 00
19. Total tax due (add lines 17 and 18) ____________________________________________________ 19 00
Credit for Estimated Tax and Other Payments
20. Quarterly estimated tax paid: Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Enter total __ 20 00
21. Amount paid with extension _________________________________________________________ 21 00
22. Amount of overpayment credit (from tax year ending ) ____________________________ 22 00
23. Pass-through withholding and other payments (include Schedule IN K-1) ______________________ 23 00
24. EDGE credit. Enter the total EDGE credit amount claimed (line 19 on Schedule IN-EDGE) ________ 24 00
25. EDGE-R credit. Enter the total EDGE-R credit amount claimed (line 19 on Schedule IN-EDGE-R) __ 25 00
26. Enter name of offset credit Code No. 26 00
27. Enter name of offset credit Code No. 27 00
28. Enter name of offset credit Code No. 28 00
29. Enter name of offset credit Code No. 29 00
30. Enter name of offset credit Code No. 30 00
31. Certified credits. Enter the total of certified credits claimed from Schedule IN-OCC and enclose this
schedule with your return ___________________________________________________________ 31 00
32. Total credits (add lines 20-31) _______________________________________________________ 32 00

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33. Balance of tax due (line 19 minus line 32) ______________________________________________          33                 00
34.  Penalty for the underpayment of income tax. Attach Schedule IT-2220. 
         Check box if using annualization method  ____________________________________________         34                 00
35. Interest: If payment is made after the original due date, compute interest ______________________  35                 00
36. Penalty: If paid late, enter 10% of line 33; see instructions.  
    If line 19 is zero, enter $10 per day filed past due date  ____________________________________    36                 00
37.  Total payment due (add lines 33-36). (Payment must be made in U.S. funds) PAY THIS AMOUNT __      37                 00
38. Total overpayment (line 32 minus lines 19 and 34-36) _____________________________________         38                 00
39.  Amount of line 38 to be refunded _____________________________________________________            39                 00
40.  Amount of line 38 to be applied to the following year’s estimated tax account ___________________ 40                 00

                                                                    Paid Preparer: Firm’s Name (or yours if self-employed)
Personal Representative’s Name (Print or Type)
                                                                    PTIN
Email Address

Signature of Corporate Officer                Date                  Telephone Number

Print or Type Name of Corporate Officer Title                       Address

Signature of Paid Preparer                    Date                  City

Print or Type Name of Paid Preparer                                 State                                 ZIP Code + 4

             Please mail your return to: Indiana Department of Revenue, PO Box 7228, Indianapolis, IN 46207-7228.

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