Woman accountant being taught about good and bad overhead

Overhead expenses are unavoidable when running any kind of organization, including those in the nonprofit sector. Overhead line items tend to be highly scrutinized in the nonprofit world, where charities and other organizations are judged by how they allocate their funds to anything outside of the scope of mission-driven programmatic spending.  In this article we…

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There is nothing like the excitement of hearing that you are being awarded a generous grant.  As a mission-driven organization, your goal is to provide a valuable service to your community. Grant money can feel like the essential “blood” that courses through the work you do and brings “oxygen” to a variety of programs and…

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Contributed by our Director of Grants & Compliance, Victoria Hougham You’ve just received a Federal funding award. Congratulations! But, what now? As a Federal grant award recipient you are required to follow all statutory and regulatory requirements. Understanding all of the grant compliance requirements and navigating the many systems can be confusing. While each award…

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Recently, we were engaged by a nonprofit organization to help them during a significant finance team staffing shift. In addition to replacing their CFO to complete their 4-person finance team, they were also in the middle of a very rigorous Single Audit and needed an outsourced CFO to step in and help get them through…

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Indirect cost rates fluctuate each year based on the results of your operations.  If the indirect rate decreases, it could be a sign that your organization is heading to a major cash flow problem to resolve.  Stay on top of your current year’s indirect cost rate to plan and prepare for any changes.  It is…

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