Wed, Jan 24|
(Mis)Understanding Nonprofit Administrative Overhead [Virtual]
“Overhead” has been inappropriately used as a measure of a nonprofit's effectiveness. Enlightened donors and grantmakers recognize that administrative costs are essential for charitable nonprofits to be financially sustainable. It’s time to change the conversation about overhead.
Time & Location
Jan 24, 2024, 3:00 PM – 5:00 PM CST
About the event
Your nonprofit’s mission matters. And it costs something to deliver it! Enlightened donors and grantmakers recognize that administrative costs (called “indirect costs” when government dollars are involved) are essential in order for charitable nonprofits to be financially sustainable, but for too long, “overhead” has gotten a bad rap and been inappropriately used as a measure of a nonprofit’s effectiveness. It’s time to change the conversation about overhead.
Through engaging discussions, interactive exercises, and real-life examples, participants will gain a holistic understanding of the nuances surrounding nonprofit administrative overhead. The workshops aims to equip attendees with the knowledge and communication skills necessary to navigate and articulate the significance of administrative costs, fostering greater transparency and trust among stakeholders.
Participants will embark on an exploration of key areas to gain a profound understanding, to include: defining overhead costs; overcoming misconceptions; impact of overhead investment; communicating overhead effectively; and balancing accountability and sustainability.