An understanding of the full cost of programs can be critical in helping leaders make more informed and strategic decisions about how to allocate scarce resources, as well as also allow an organization to better advocate for the funding of indirect costs in grant proposals and government contract budgets.
As the debate over the “overhead myth” has gained traction in the nonprofit sector, both private and government funders have become more aware of the importance of funding the full cost of services. In particular, the recently revised regulations of the federal Office of Management and Budget (OMB) now stipulate that nonprofits receiving federal funds must be reimbursed for reasonable indirect costs (sometimes called “overhead” or “administrative” costs) in addition to direct costs.
If you find terms like “indirect” and “overhead” to be murky and unclear, haven’t recently undertaken an analysis of full cost of programs at your organization, or are unsure how to craft a “fully-loaded” budget to submit to a funder, this half-day workshop will help get you there.
The workshop will include information on:
Identifying shared and indirect costs
Understanding different cost allocation methodologies and ensuring allocations are appropriately substantiated
Building indirect costs into program budgets to understand the real costs of program delivery
Communicating the story of your organization’s “overhead” to funders and other external stakeholders
Register here: https://axelson.z2systems.com/event.jsp?event=3297&