Remove Award Remove Indirect Cost Remove Policies
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RBW Strategy

Challenge In 2022, the company had contacted RBW Strategy as they received several federal awards and would benefit from institutional background in managing and maintaining compliance. Outcome RBW Strategy worked with the company to navigate the administrative challenges and maintain grant compliance after the company’s IPO.

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Biopharmaceutical Company

RBW Strategy

Challenge In 2022, the company had contacted RBW Strategy as they received several federal awards and would benefit from institutional background in managing and maintaining compliance. Outcome RBW Strategy worked with the company to navigate the administrative challenges and maintain grant compliance after the company’s IPO.

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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

So how can you minimize these errors and create data entry policies for your users? No matter your mission, grant reporting will help drive success by ensuring compliance and accurately reporting on these awards. Imagine you had reports built to show you a snapshot of your grant awards at any moment?

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Incorporate these best practices into your processes before applying for a grant and after you win an award to make sure you stay compliant with the grant requirements. Pre-Award Preparation Have certain policies and processes in place before applying for a grant so you can be confident you meet their requirements and there are no surprises.

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Taking the Fear out of Grant Management: Indirect Cost Allocation By: Kellie Brungard, GPC

Assel Grant Services

Check out the previous posts on conflict of interest policies and procedures and time and effort ! NGMA divides the grant lifecycle into three phases: pre-award, award, and post-award. Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means?

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Untangling the New Uniform Grant Guidance

RBW Strategy

As stated in the guidance, OMB revised Parts 25 (Unique Entity Identifier & System for Award Management), 170 (Reporting Subaward & Executive Compensation Information), and 175 (Award Term for Trafficking in Persons) to ensure its guidance properly aligns with underlying statutes, as amended. Let’s examine each one.

UEI 130
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.