June 10 & 11 - Major Shifts for Nonprofits Receiving Federal Funds
Does your nonprofit receive federal $$$ through contracts with state and local government (or other nonprofits) or through direct agreements with federal agencies? If you do, or you would like to, the new OMB Super Circular will bring some big changes in the requirements for managing federal funds in 2015. For most nonprofits, the news is good – a better opportunity to get funding to cover overhead costs.
Explore the major changes the Super Circular will bring, including:
- New 10% de minimus indirect cost rate for nonprofits without federally negotiated indirect cost rates (NICR)
- New requirements for states and others pass-through entities to accept federally negotiated indirect rates
- New guidance on time tracking time and effort for employees performing multiple functions
- New clarity on procurement
- Key choices and challenges for your nonprofit
Kay Sohl has provided training and consultation for fiscal directors, executive directors, and Boards of over 5,000 nonprofit organizations throughout the country. Kay’s work is focused on redevelopment of nonprofit business models, compliance with federal funds requirements, financial management, and Board governance issues. Kay works frequently with Walla Walla nonprofits and looks forward to finally bringing some good news about federal funds.
Click here to register.
The sessions will take place at the Walla Walla Community College William A. Grant Water and Environmental Center, Room 2023/2024.
Both sessions will be held from 11:30 a.m. to 1:30 p.m. The session content is repeated on the second day, so please register for the date/time most convenient to you. Sessions are limited to 30 participants and pre-registration is required. There is no charge to attend.
You are invited to bring a lunch or lunch can be purchased at the WWCC Titus Creek Café.
NonProfit Learning Center
The Learning Center for NonProfits, sponsored by Walla Walla Community College and the Sherwood Trust, exists to provide on-going training, resources, and education to current and prospective board members and staff of nonprofits on current and challenging issues as well as to encourage peer networks that foster sharing and collaboration among local members of our nonprofit community.