Many federally funded programs require cost sharing or matching contributions from your nonprofit. Your most important current or future federal grant source may hinge on your nonprofit’s ability to ‘meet the match’ or properly report on federally generated program income. If either of these two common, complex and often interrelated subjects are essential to your program success, then this webinar is essential for you and your nonprofit.
Please join Rex Porter as he provides a detailed review of key federal cost sharing and program income standards found in 2 CFR 200. He will provide you an understandable and repeatable approach to applying those federal rules as your nonprofit plans, estimates and reports on cost sharing or matching, and program income activities. He will address the four basic ways we meet our matching requirements and identify which is most risky and why. Rex will also tackle the two key post-award cost sharing and program income tasks: financial and program data collection and accurate reporting to your federal funders.
Don’t let the complexity and many rules surrounding cost sharing and program income keep your nonprofit from maximizing its federal grant funding. Learn how best to plan for and implement these rules to satisfy the strictest federal grants official or auditor.
What You'll Learn
Just a sampling of what this webinar will cover:
Where to find, understand and use federal cost sharing and cost matching standards
Key program income related rules and how they apply to your nonprofit
How to meet cost sharing and matching requirements and which ones are most risky
How program income is estimated and how to communicate with your funder
What are key pre-award responsibilities and which nonprofit staff should take the lead
Which are the most important post-award tasks and who accomplishes them
What will your grant funder look for in your documentation and reporting
What are the top five cost sharing, matching and program income audit findings
Your Conference Leader
Your conference leader for “Cost Sharing and Program Income Best Practices: Planning, Estimating and Delivering the ‘Goods’” is Rex L. Porter. Rex is the principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consultant service that serves nonprofits across the country. During his 25-year career in federal grants management Rex has served as a federal grants official, grant funded organization executive director and local government project manager. These experiences prepared him for his role as a sought after federal grants compliance expert. His current practice supports nonprofits and local governments stay compliant with the ever changing and complex world of federal grant rules – especially 2 CFR 200.
Rex is a retired Air Force officer who worked extensively with federal funded grants and contracts. His degrees include a master of business administration, master of science in systems management and he is certificated in nonprofit management and holds federal certificates in program and contract management. Through his Porter Group LLC consulting firm, Rex annually helps dozens of nonprofits and local government officials by conducting compliance risk assessments, building better internal controls for grants compliance and creating and delivering unique and compelling training materials.
An avid hiker, Rex and his wife enjoy the environment and scenery around their Scottsdale, Arizona home and he considers traveling and spending time with family his two favorite hobbies. He enjoys giving back to his community. On any given night Rex might be found doing pro bono searches for grant funds or helping a local nonprofit improve their grant practices.