What Nonprofits Need to Know to Be Reimbursed for Indirect Costs
Benefiting from Government Grant Reforms:
What Nonprofits Need to Know to Be Reimbursed for Indirect Costs
Learn how to determine your nonprofit’s indirect costs and indirect cost rate as well as the requirements for federal and state agencies to reimburse your organization for them. While much of this training is applicable to all nonprofits, this “deep-dive” workshop is targeted towards individuals at nonprofits with government grants and contracts whose job responsibilities include financial and grant management.
Event Details
Wednesday, May 22, 2019
9:00 a.m. to 4:00 p.m.
Fuller Hall, YWCA
1040 Richards Street, Honolulu
Includes continental breakfast + lunch
Back in December 2014, good news came to nonprofits when the U.S. Office of Management and Budget (OMB) published Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Grants (Uniform Guidance). The Uniform Guidance affects nonprofits that receive federal grant funds, either directly or passed through state and local entities. Among the many changes, governments are now required to reimburse nonprofits for their indirect costs when federal dollars are part of the funding stream. This is not only an important way for nonprofits to cover more of their costs for these grants/contracts. Making sure this happens means nonprofits need to know and apply the cost principles accurately to identify their indirect costs and calculate their indirect cost rate.
Workshop Highlights:
- Indirect, Overhead and Administrative Costs – Definitions and Difference
- Understanding Your Organization’s Costs
- How to Properly Allocate Costs—the Key to a Strong Indirect Cost Rate
- Indirect Cost Rates and Different Methodologies
- Negotiating an Indirect Cost Rate
- Public policy implications
- And more
Who Should Attend?
- Nonprofit finance officers
- Nonprofit staff with responsibility for budgeting, accounting or grant/contract compliance
- CEOs and COOs who need to be aware of the reforms or gain a better understanding of indirect costs
About the Presenter
Beth Bowsky is one of the country’s leading experts and advocacy voices on government-nonprofit grant/contracting reform and the OMB Uniform Guidance and will provide a hands-on review of key elements of the Uniform Guidance and how to apply them so your organization can start benefiting from the changes.
Cost
- HANO member rate: $49
- Non-member rate: $69
Registration
Advanced registration is required by May 17, 2019.