Allocating Direct or Indirect Costs for Nonprofits

Lorman Education Services
Training overview
1.5 hours

Allocating Direct or Indirect Costs for Nonprofits

Allocating Direct or Indirect Costs for Nonprofits

Allocating Direct or Indirect Costs for Nonprofits

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&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. How to identify indirect costs and methods and cost drivers for allocating an indirect cost pool across programs is discussed; as well as 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. Review the complex world of negotiated indirect cost rate agreements. Review the guidelines for what’s unallowable and how that gets treated and then finally how an organization applies for an indirect rate.

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.

  • Who should attend?

    This live webinar is designed for accountants, executive directors, officers, board members, controllers, CFOs, tax managers and tax preparers.

    Training Content

    • Allocating Indirect Costs
    • Why Allocating Costs Is so Important for Nonprofits
    • Identifying Indirect Costs
    • Different Methods for AllocatingJoint Cost
    • What Qualifies as a Joint Cost
    • Meeting the 3-Part Test
    • Ratios and Charity NavigatorNegotiated Indirect Cost Rate Agreement
    • Allowable/Unallowable Costs
    • Modified Total Direct Costs vs. Labor
    • Applying for a NICRA

    Costs

    The cost of this Allocating Direct or Indirect Costs for Nonprofits live webinar is $199 per participant.

    Provider: Lorman Education Services

    Lorman Education Services

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