Did you know that as of December 26th, 2014 the Federal Government now mandates that nonprofits must be reimbursed for some or all of their indirect costs when performing services for governments at all levels – local, state, federal – when federal funds are being used (either directly or via state or local ‘pass through’ agencies)?
Yes, this means they will pay for “overhead” (a.k.a lights, rent, administrative support, etc.)
New federal rules aren’t just for nonprofits with federal grants. Whether your nonprofit receives funds directly from a federal agency or federal funds are mixed into your state and local contracts and grants (which you may not even be aware of), the OMB Uniform Guidance makes clear that state and local governments are required to reimburse you at least a portion of your nonprofit’s indirect costs (sometimes called overhead or administrative costs) when federal funds are involved.
Join us for a webinar where you’ll learn:
- What the major changes in the OMB Uniform Guidance are that will affect your organization
- What your organization needs to do to take advantage of and comply with the new rules
- What you can do to ensure state and local governments implement the changes as OMB intended
Beth Bowsky, Policy Specialist - Government-Nonprofit Contracting, National Council of Nonprofits
David L. Thompson, Vice President of Public Policy, National Council of Nonprofits
For more information about the changes, visit: http://www.councilofnonprofits.org/public-policy/omb-guidance-indirect-costs.