A challenging part of running a high performance nonprofit is understanding, using and documenting your indirect cost activities. Under our Uniform Guidance — 2 CFR 200 — much of nonprofit grant management was simplified. However, indirect costs treatment became more complicated and risky for any nonprofit who has an accounting system that includes indirect costs. In today’s “era of accountability” understanding and following the federal rules for cost allocation and dealing with indirect cost rates is a critical function for most nonprofits. The past few years of nonprofit operations under 2 CFR 200 have taught our nonprofit community key areas of compliance, risk, best practices and auditor interests. 2 CFR 200 changed key rules such as non-federal entity types of indirect cost rates under federal awards, recognition of federal indirect cost rates, one-time rate extensions of a federally-approved negotiated indirect cost rate and many others. Knowing what the key changes are, how they are impacting nonprofits and what auditors focus on is not an easy job.
Please join Rex Porter, CEO of Porter Group LLC, for a clear and concise explanation of key 2 CFR 200 indirect cost rates and cost allocation requirements. Mr. Porter will provide indirect cost insights and guidance found few other places. And, you will gain knowledge regarding those changes affecting the very core of some of your nonprofit’s long-term strategies and day-to-day operations.
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- Changes to cost allocation and indirect cost rate requirements likely having an impact on your nonprofit
- Appropriate use of de minimis rates and two other potential indirect cost rates
- Options for how your organization best allocates costs
- Necessary changes to your policies and procedures under the 2 CFR 200
- Required changes to operational systems
- Why a nonprofit might want to turn down receiving indirect cost reimbursements
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for “Indirect Cost Rates and Cost Allocation Issues: Best Practices Under 2 CFR 200 Rules” is Rex L. Porter. Rex is the principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consultant service that serves nonprofits across the country. During his 25-year career in federal grants management Rex has served as a federal grants official, grant funded organization executive director and local government project manager. These experiences prepared him for his role as a sought after federal grants compliance expert. His current practice supports nonprofits and local governments stay compliant with the ever changing and complex world of federal grant rules – especially 2 CFR 200.
Rex is a retired Air Force officer who worked extensively with federal funded grants and contracts. His degrees include a master of business administration, master of science in systems management and he is certificated in nonprofit management and holds federal certificates in program and contract management. Through his Porter Group LLC consulting firm, Rex annually helps dozens of nonprofits and local government officials by conducting compliance risk assessments, building better internal controls for grants compliance and creating and delivering unique and compelling training materials.
An avid hiker, Rex and his wife enjoy the environment and scenery around their Scottsdale, Arizona home and he considers traveling and spending time with family his two favorite hobbies. He enjoys giving back to his community. On any given night Rex might be found doing pro bono searches for grant funds or helping a local nonprofit improve their grant practices.
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CERTIFICATES OF PARTICIPATION
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