About this event
This event is produced in partnership with CalNonprofits and the Center for Nonprofit Management. Registration is through the CalNonprofits website.
REGISTER HERE
NAO Members get 25% off by using the discount code on NAO’s Member Only Page. You must be logged in to access this page.
The new OMB (Office of Management and Budget) Uniform Guidance mandates a minimum of 10% overhead in government-nonprofit contracts that include federal dollars, along with other changes in direct/indirect cost classification and approved purchasing procedures. CalNonprofits, the Center for Nonprofit Management, and the Nonprofit Association of Oregon present a series of 3 webinars designed to help nonprofits get their overhead funded. All trainings will be conducted by Kay Sohl of Kay Sohl Consulting.
These 3 webinars will assist nonprofit accountants and CFO’s with the best strategies for navigating these new regulations and understanding overhead.
Webinar Topics & Dates
Real Costs – Realistic Strategies: Understanding, Communicating, and Funding the Full Cost of Your Services
November 6 | 10 a.m. to 12 p.m.
In Session 1 in this series of three, we’ll focus on the essentials of cost allocation: how to identify your overhead costs, and choices in how to allocate them to programs. By thereby determining the full cost (or fully loaded) cost of each program, smarter decisions can be made to increase the amount of indirect costs you can recover, and to analyze the profitability/financial impact of each program. What seems like an accounting issue — cost allocation — is actually a set of strategic decisions that both reflect previous decisions and inform future decisions. An accounting background is appreciated, but not necessary for this session which is designed for CFOs, COOs, executive directors, fundraising staff, and board members. This session is intended for all nonprofits – regardless of whether they receive federal funds.
OMB Uniform Guidance: Evaluating Options to Recover Your Full Costs
November 16 | 1 p.m. to 3 p.m.
In Session 2 in this series of three, the new regulations from the Office of Management & Budget (OMB) are made into useful tools for nonprofits with government contracts. These new rules change the definitions of what is direct costs compared to indirect costs, and require a minimum of 10% overhead. In a national study last year, California was found to be the fourth worst in having governments fail to pay the full costs of funded programs. This session starts with understanding the key elements of the new regulations and whether/how to apply them to your specific situations. Not simply a walk-through of the regulations, we have the background and inside information to make this session practical and worthwhile. In addition to understanding the tool, the session will address how to raise the question of indirect costs with your government contract officers, and how CalNonprofits’ Nonprofit Overhead Project can support your advocacy. This session is intended for nonprofits who receive “pass through” funding from state or local governments.
Negotiating a Federal Indirect Cost Rate: Step by Step Guide to Preparing Your Indirect Cost Rate Proposal
December 11 | 11 a.m. to 1 p.m.
In Session 3 we’ll start with the reality that thousands of nonprofits have negotiated formal indirect cost rates with the federal government, frequently allowing them rates of 20% and 30%, which must then be applied to all government contracts involving federal funds (such as pass-throughs). But the process is mysterious and daunting. This session explains the steps in practical terms. If you don’t have a negotiated rate, what you’ll need to have in place, how long it will take and of particular importance: how to determine whether it will be worth the time and effort.
About the Presenter
Kay Sohl is a licensed Public Accountant who has devoted the last several years to helping nonprofits and government navigate the financial aspects of their relationships. She combines a deep background in community nonprofits with technical financial expertise and unusual ability to make financial concepts easy to understand and usable.
“Kay is one of the few people who understand the economic AND political nuances of government-nonprofit contracting. She helped us untie knots that were keeping us from smarter partnerships.” —Susan Hannibal, Program Manager, Department of Social and Health Services, State of Washington
Cost
Full 3-Session Series
$63.75 NAO Members
$85 Nonmembers
Individual sessions are also available for $26.25 NAO Members and $35 Nonmembers.
REGISTER HERE
NAO Members get 25% off by using the discount code on NAO’s Member Only Page. You must be logged in to access this page.