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A Negotiated Indirect Cost Rate Agreement can help nonprofits recover a fair share of administrative and infrastructure costs on federal awards. But preparing a NICRA proposal requires more than filling out a template. It requires clean financial records, a defensible cost structure, a clear allocation methodology, and careful review of direct costs, indirect costs, unallowable costs, payroll allocations, and federal award activity.
The NICRA Readiness Assessment helps your organization determine whether it is ready to prepare a federal indirect cost rate proposal and what needs to be addressed before submission.
AnchorPoint reviews your current financial statements, general ledger, payroll allocation records, federal award information, cost policies, and any existing indirect cost documentation. We identify gaps, risks, and readiness issues so your organization can move forward with confidence.
This assessment may include review of:
Current audited financial statements
Existing NICRA agreement, if applicable
General ledger expense detail
Payroll and fringe allocation support
Functional expense reporting
Federal award listing or SEFA
Subaward and contractor costs
Potential unallowable or excluded costs
Cost policy statement and allocation methodology
Cognizant agency considerations
What you receive:
Written readiness memo
Summary of documents reviewed
Identification of missing or weak support
Preliminary assessment of possible rate structure
Recommendations for preparing a full NICRA proposal
Estimated scope and fee for full NICRA proposal preparation, if appropriate
Best for: nonprofits with federal funding that want to pursue a negotiated indirect cost rate or renew an existing rate but need to understand their readiness first.
This is a diagnostic service. Full NICRA proposal preparation is quoted separately based on the organization’s records, existing rate status, audit support, payroll allocation detail, and overall complexity.
A Negotiated Indirect Cost Rate Agreement can help nonprofits recover a fair share of administrative and infrastructure costs on federal awards. But preparing a NICRA proposal requires more than filling out a template. It requires clean financial records, a defensible cost structure, a clear allocation methodology, and careful review of direct costs, indirect costs, unallowable costs, payroll allocations, and federal award activity.
The NICRA Readiness Assessment helps your organization determine whether it is ready to prepare a federal indirect cost rate proposal and what needs to be addressed before submission.
AnchorPoint reviews your current financial statements, general ledger, payroll allocation records, federal award information, cost policies, and any existing indirect cost documentation. We identify gaps, risks, and readiness issues so your organization can move forward with confidence.
This assessment may include review of:
Current audited financial statements
Existing NICRA agreement, if applicable
General ledger expense detail
Payroll and fringe allocation support
Functional expense reporting
Federal award listing or SEFA
Subaward and contractor costs
Potential unallowable or excluded costs
Cost policy statement and allocation methodology
Cognizant agency considerations
What you receive:
Written readiness memo
Summary of documents reviewed
Identification of missing or weak support
Preliminary assessment of possible rate structure
Recommendations for preparing a full NICRA proposal
Estimated scope and fee for full NICRA proposal preparation, if appropriate
Best for: nonprofits with federal funding that want to pursue a negotiated indirect cost rate or renew an existing rate but need to understand their readiness first.
This is a diagnostic service. Full NICRA proposal preparation is quoted separately based on the organization’s records, existing rate status, audit support, payroll allocation detail, and overall complexity.