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Allocating Direct or Indirect Costs for Nonprofits - Webinar

  • ID: 3841826
  • Webinar
  • October 2018
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn how to make smarter strategic decisions on program performance with the proper allocation of costs.

Indirect cost allocation can be confusing but understanding how to allocate these costs is crucial in order for an organization to accurately capture and recover cost incurred. Overhead and G and A are part of the cost of doing business and nonprofits need to know how to present their programs in a way that represents the true picture of what goes into conducting the program. We will discuss how to identify indirect costs and methods and cost drivers for allocating an indirect cost pool across programs. We will also discuss joint cost and how it can help you present your fundraising costs more accurately as well as what you need to do in order to have costs that qualify for this allocation. Finally, we will discuss the complex world of Negotiated Indirect Cost Rate Agreements for Federal awards. We will go over the guidelines for whats unallowable under Federal guidelines and how that gets treated and then finally how an organization applies for an indirect rate for a Federal award.

Learning Objectives
  • You will be able to review allocating direct and indirect costs for nonprofits.
  • You will be able to identify indirect costs to allocate and understand methods for allocating them.
  • You will be able to explain joint cost allocation and the steps required to pass the joint allocation test.
  • You will be able to recognize unallowable costs and understand how to apply a negotiated indirect rate for a Federal award.
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Allocating Indirect Costs
  • Why Allocating Costs Is so Important for Nonprofits
  • Identifying Indirect Costs
  • Different Methods for Allocating
Joint Cost
  • What Qualifies as a Joint Cost
  • Meeting the 3 - Part Test
  • Ratios and Charity Navigator
Negotiated Indirect Cost Rate Agreement for a Federal Award
  • Allowable/Unallowable Costs Under Federal Guidelines
  • Modified Total Direct Costs vs. Labor
  • Applying for a NICRA
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Carol E. Barnard, CPA, CFE - Aronson LLC
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This webinar is designed for accountants, executive directors, officers, board members, controllers, CFOs, tax managers and tax preparers.
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