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#174 CostTree - Nicolie Lettini and Cathy Galbraith

#174 CostTree - Nicolie Lettini and Cathy Galbraith

FromThrough the Noise


#174 CostTree - Nicolie Lettini and Cathy Galbraith

FromThrough the Noise

ratings:
Length:
35 minutes
Released:
May 12, 2016
Format:
Podcast episode

Description

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’s 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.
Released:
May 12, 2016
Format:
Podcast episode

Titles in the series (100)

The world is fast, ever-changing, and unpredictable. We stand across climate change, technological advancements, fragile economies, market trends, changing regulations, and now a pandemic. The key to survival and success is adaptation. We sit down with the passionate leaders of innovative companies and nonprofits that want to change the world, with fascinating authors who expand our minds, and with association heads who give us a clear picture of their industries. We cut Through The Noise and find out what makes them special, how they survive, what risks they take, what obstacles they face, how they build success. Adaptation is at our core.