Through The Noise
May 12, 2016
Cathy Galbraith and Nicolie Lettini of CostTree on How to Get Out of the Nonprofit Starvation Cycle
Through the Noise #174
Nicolie Lettini and Cathy Galbraith // CEO & Founder // CostTree
A lot of people get into nonprofits because they are passionate about the mission or cause of an organization, not necessarily because they are stellar accountants (though there are some). That’s why we’ve brought back Cathy Galbraith and Nicolie Lettini of CostTree to clarify some of the most opaque aspects of nonprofit management. Lately, funding trends have started moving in the direction of understanding direct and indirect costs and it is important for nonprofits to get it as well. Too many are stuck in the “Nonprofit Starvation Cycle” — constantly struggling to produce tremendous results without accurate funding in place. Join us today to find out how you can more appropriately fund your work.
Overhead on the mind of most nonprofit leaders these days. The new Uniform Guidance, which pulls together eight different OMB circulars, has changed the way federally funded nonprofits get reimbursed for their indirect costs (overhead). For more than 16 years, CostTree\u2019s CEO, Nicolie Lettini, has created cost allocation plans and indirect cost rate proposals (ICRP) for government agencies. Now she is bringing that experience to the nonprofit world. According to Lettini, “It’s time to stop starving nonprofits and allow them to achieve their true impact. It starts with reimbursing them for their true costs,”
CostTree is a cloud-based cost allocation software that simplifies the process of creating an indirect cost rate and allows for maximum transparency.