
INDIRECT COST RATE EXCEPTION REQUEST Form
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People also ask
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What is a reasonable indirect cost rate for nonprofits?
What is the Average Indirect Cost Rate for Nonprofits? While no two nonprofit organizations will have identical needs, structures, or budgets, an indirect cost rate of between ten and fifteen percent has served as a longstanding rule of thumb.
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How to get a federally negotiated indirect cost rate?
To determine the rate, applicants must complete an indirect cost proposal and submit it to their cognizant agency. The cognizant agency will review the proposal and, if approved, the rate will be authorized for a set period and for a specific rate for various types of projects.
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What is the federal indirect cost rate for 2024?
New Awards: Recipients may elect to use the new 15 percent de minimis indirect cost rate for any award executed on or after October 1, 2024.
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How do you calculate the indirect cost rate?
The indirect cost rate is simply an arithmetic calculation of dividing a pool of expenses (numerator) by an allocation base (denominator) such as direct labor cost or total direct costs plus overhead.
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What is the provisional indirect cost rate?
A provisional rate or billing rate is a temporary indirect cost rate applicable to a specified period and is used for interim billings pending the establishment of a final rate for the period.
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What is an example of an indirect cost rate?
Examples of costs usually treated as indirect include those incurred for facility operation and maintenance, depreciation, and administrative salaries. By contrast, direct costs can be attributed directly to a specific cost objective and tracked in discrete categories such as personnel, travel, supplies, etc.
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What is the provisional billing rate?
Provisional Billing Rates are established to approximate the contractor's final year-end rates, as adjusted for any unallowable costs. Provisional Billing Rates are used for interim purposes until settlement is signNowed on the final indirect rates for the contractor's fiscal year.
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What is a reasonable indirect cost rate for nonprofits?
What is the Average Indirect Cost Rate for Nonprofits? While no two nonprofit organizations will have identical needs, structures, or budgets, an indirect cost rate of between ten and fifteen percent has served as a longstanding rule of thumb.
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