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Indirect Cost Recovery for Nonprofit Organizations: Some Assembly Required

Webinar • Tuesday, November 19, 2024 • 2:00-4:00 p.m. EDT

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Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Credit Information

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The true costs of administering a federal grant include those necessary for the overall operation of the recipient or subrecipient organization but that are often difficult to assign accurately. That’s why, for decades, the federal government has permitted nonprofit organizations to craft a financial device to identify their “indirect costs” and charge them to benefitting activities in an equitable way.

The device is called a negotiated indirect cost rate agreement — a NICRA, and the policy behind a NICRA is relatively simple. The federal government should pay its fair share of the facility, administrative, and other allowable indirect costs that support the operation of grant-funded projects. But for many nonprofits, that’s where the simplicity ends.

So, this practical webinar will translate into understandable terms the federal instructions on how nonprofit organizations can prepare a successful indirect cost rate proposal. We’ll cover:

  • What do the federal rules say about who makes decisions to charge costs indirectly?
  • What are the realities of federal agency indirect cost cognizance?
  • Under what circumstances are federal agencies and pass-through entities forced to recognize federally negotiated rates?
  • What kinds of discretion do pass-through entities have about indirect cost rate negotiation?
  • What options are available to nonprofit organization subrecipients to recover their indirect costs?
  • What are the procedural steps involved in developing and presenting defensible rate calculations?
  • How does the de minimis indirect cost rate work, and what are the advantages and disadvantages?
  • What federal resources are geared specifically to helping nonprofits recover their indirect costs?
  • What role does an organization’s single audit report play in indirect cost recovery?

WHO SHOULD ATTEND:

  • Grant and contract managers
  • Sponsored projects administrators
  • Federal program managers
  • Finance directors
  • Accounting staff
  • Internal auditors
  • External auditors
  • Federal agency grant officers
  • Pass-through entity officials
  • Sub-award managers

Hand-out Materials:

Attendees will receive presentation slides as well as access to background materials.

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).

Attend this Live Webinar and Earn up to 2.4 CPE Credits

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This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

  • Understand the differences between direct and indirect costs
  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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