Why Do Cost Allocation Plans Matter?

About this event

Date

Thursday, November 9, 2023
9:00 a.m. – 10:30 a.m.
Check-in begins at 8:45 a.m. Light breakfast provided.

Event Description

Title
Why Do Cost Allocation Plans Matter?

Presenter
Vega Tom, Partner & Consulting CFO, CFO Selections

For nonprofits primarily funded with grants and cost reimbursement contracts, a good cost allocation plan can make or break the bottom line. In this session, we will talk about the nuts and bolts of what costs can be considered direct or indirect; the best way to develop an administrative or indirect rate; and the necessary processes that need to be in place to follow these allocation guidelines. A cost allocation plan is not just an explanation of how costs are assigned, but also a strategy to recoup as many costs as possible in the context of mixed grant funding. With different requirements, exclusions, and definitions of what goes into an administrative, these types of allocations require nuance. Cost allocations are the crossroads where strategy connects down to the tactical of "where do we charge postage?" We will talk about all of this and more in this session, so don't miss out!

NAO is committed to creating inclusive learning environments and providing reasonable accommodations for individuals with disabilities. Automatic closed captioning via Zoom is turned on by default for all NAO virtual sessions. For other accommodation requests, please contact us at [email protected]. Advanced notice of at least 10 days is appreciated.

About the Presenter

Vega Tom, Partner & Consulting CFO, CFO Selections Vega Tom brings 18 years of non-profit accounting, finance, and strategic leadership experience.  After starting her career as a construction bookkeeper and office manager, she quickly shifted gears to pursue non-profit work. Driven by a passion for social justice and equity, she transitioned to be the bookkeeper and human resource coordinator for the Hospice of Washington County. Expanding her leadership skills and experiences with mission-driven staff, Vega grew in her roles to become Director of Finance for a non-profit daycare center and on to Chief Operating Officer of a women’s empowerment organization called World Pulse. She also worked with 211info as CFO and the Native American Youth and Family Center as Director of Finance. Additionally, she has experience providing consulting services to small businesses and non-profits on financial systems, budgeting, human resources, and strategic planning. Vega holds a Political Science degree from Reed College, and an MBA from the University of Portland, with a focus on finance and sustainability. She enjoys running, drawing, dancing, and playing the saw.

Thank You Sponsors

Friend Sponsor: First Interstate Bank
Foundation Supporters: The Kinsman Foundation, The Ford Family Foundation, Meyer Memorial Trust, M.J. Murdock Charitable Trust & Roundhouse Foundation. 

Cost

$45 NAO Members
$75 Nonmembers

This event is Member Pass eligible.

If you have any questions or trouble registering contact [email protected]. 

Location

This event does not necessarily reflect the mission/opinion of The Environmental Center.