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Indirect Cost Rates for Nonprofit Organizations: Reimbursement of Facilities and Administrative Costs

A live 110-minute CPE video webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Wednesday, May 15, 2024

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

or call 1-800-926-7926
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This course will identify the guidance within 2 CFR Part 200 and provide strategies and best practices to achieve the organization's costing goals. This session will provide practical, hands-on context to help you increase your direct and indirect cost recovery and manage your indirect costs rate. The panel will also describe the different rate development methodologies and allocation questions, discuss strategies for enhancing indirect costs recovery, and review other guidance to mitigate risk.

Description

Almost every nonprofit must engage in the process of negotiating federal indirect rates or developing a cost allocation plan to charge costs to awards (and sometimes both). Nonprofits face unique challenges in recovering indirect costs either through indirect rates or by directly allocating traditional indirect costs and recovering them as direct costs from awards. These challenges are driven by the various and unique types of awards that nonprofit organizations receive, which may require different allocation practices.

As non-profits go through this process, many often wonder if they have done everything within the constraints of federal regulations to maximize the organization's direct and indirect cost recovery. In this session, we will discuss strategies that may be employed to maximize direct and indirect cost recovery (with an emphasis on indirect), both through indirect rates and the direct allocation methodology. We will discuss some unique challenges with the various federal agencies negotiating rates with nonprofits and how you should prepare and review recent rate agreements to give you helpful tips.

Listen as this session explores rules and best practices for indirect cost rate recovery for nonprofits.

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Outline

  1. Establishing cost practices and policies
  2. Indirect cost methods
  3. Understanding different rate types
  4. Identifying allowable and unallowable costs
  5. Negotiating indirect cost rates

Benefits

The panel will discuss these and other relevant topics:

  • Treatment of fundraising and development costs
  • Typical examples of direct and indirect costs and why it varies for NFP organizations
  • Administration and negotiation of indirect rates
  • Negotiation process
  • Types of indirect cost rates and the pros and cons of each one

Faculty

Weekes, Alex
Alex P. Weekes, CPA
Principal
ML Weekes & Company

Mr. Weekes has worked for more than 25 years serving clients receiving grants and contracts from federal agencies,...  |  Read More

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