Remove Indirect Remove Insurance Remove Utilities
article thumbnail

What Are Payroll Grants and Where Can I Find Them?

GrantNews

Hosting organization contributes to health insurance and other benefits, the requisite payroll taxes associated with having the fellow on payroll , and other costs. Funding is for working capital including payroll , rent, insurance, utilities, taxes, operations, and contractors.

article thumbnail

Understanding Nonprofit Overhead: Strategies for Transparency and Efficiency in 2025

Blackbaud

Office of Management and Budget (OMB) revised their uniform guidance in 2024, increasing the de minimus (or standard) rate allowed for indirect costs—overhead for federal grants—from 10 to 15%. It also includes any legal fees as well as insurance and general office management, like copy paper and ink for the printer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you aren’t including indirect costs—such as salaries or rent—into your funding requests or program planning, you are setting yourself up for stress later in the year.

article thumbnail

Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. These can be used to pay operating costs such as rent, utilities, and salaries. Restricted funds often outline what they will fund and what they won’t. They can also be used for program-specific costs.

article thumbnail

Finding Funding for Research

Peak Proposals

If you understand how to build a project budget—and you are familiar with concepts like overhead, indirects, and fringe benefits and how they impact a project— it will make you a more competent grant seeker and ultimately project director if the proposal receives funding. 4 laptops, 3 iPads, and 3 mobile phones.

article thumbnail

Accounting: Data Behind Functional Expense Reporting

The NonProfit Times

Indirect allocation is the more complex method and should be used when the cost benefits multiple functions. The most common allocation methodologies for indirect allocation include employee time and square footage. Square footage percentages can be used to allocate rent, depreciation, certain insurances, and utilities.