Fixed Indirect Cost Rate Calculation using IRS Form 990 ...
Fixed Indirect Cost Rate Calculation using Internal Revenue Service (IRS) Form 990
The Fixed Indirect Cost Rate Calculation is calculated using the most recent IRS Form 990, Return of Organization Exempt From Income Tax. Most non-profit organization’s publicly available Form 990 is on the Internet at . An organization’s completed Form 990 is open to public inspection as required by the Internal Revenue Code. In order to calculate the fixed indirect cost rate, follow the instructions below:
1. Go to page 1 of Form 990, Return of Organization Exempt From Income, as shown below:
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2. Refer to Lines (13) Program Services; (14) Management and General; and
(15) Fundraising, as displayed below:
|Fixed Indirect Cost Rate = Management & General / (Program Services + Fundraising) |
| |
|Management & General [Line 14] |385,023 |
| |
|Program Services [Line 13] |2,757,665 |
|Fundraising [Line 15] |54,062 |
|Program Services + Fundraising (MTDC Base*) |2,811,727 |
| |
|Management & General / (Program Services + Fundraising) = 385,023 / 2,811,727 = 0.13693 |
|Fixed Indirect Cost Rate |13.69% |
3. Calculate the Fixed Indirect Cost Rate using the information on Page 1, as follows:
* This amount should conform to a modified total direct cost (MTDC) base. MTDC is defined as total direct costs less stipends, tuition and related fees, equipment, capital expenditures, and the portion of subgrants and subcontracts in excess of $25,000 of each subgrant or subcontract (regardless of the period covered by the subgrant or subcontract).
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