Proper understanding of indirect costs and how they are charged to a program is key in ensuring compliance with established budgets and financial reporting regulations.

Indirect costs are those costs that are not classified as direct and cannot be easily identified to a specific project, but identified with two or more final cost objectives.

The OMB Uniform Guidance explicitly requires pass-through entities (typically states and local governments receiving federal funding) and all federal agencies to reimburse a nonprofit’s indirect …

Indirect cost means those costs incurred for a common or joint purpose benefitting more than one cost objective and not readily assignable to the cost objectives specifically benefitted, without effort …

Indirect costs are expenses that are not directly attributable to a specific project or program but are necessary for the general operation of an organization and the conduct of its activities. These costs …

Indirect costs are for the grant recipient to apply their Federally recognized (approved) indirect cost rate to allowable program expenditures. For this reason, indirect cost rates are a tool to reimbursement …

Feb 1, 2023 · Negotiated Indirect Cost Rate Agreement (NICRA) is a formal written agreement between your organization and its cognizant agency describing how the organization will calculate indirect costs.