Amplio has longstanding relationships with the federal program officers you need to reach to establish your NICRA. Amplio will secure a favorable NICRA promptly and expeditiously to maximize your program funding.
As background, an indirect cost rate is a percentage of indirect costs incurred by your organization in relation to its direct costs when writing a grant and running a grant-funded program. Your organization can use the indirect cost rate to recover a portion of your indirect expenses from grants and other funding sources. These costs include items such as administrative salaries, utilities, office supplies, and facility maintenance. You always want to secure the highest possible indirect cost rate when applying for a grant. The default indirect cost rate, when you do not have a NICRA, is 10%. (For example, if you apply for a $100,000 grant, the default indirect cost is $10,000.)
A NICRA is a formal agreement between your organization and a federal agency that establishes your indirect cost rate. The NICRA rate is exponentially higher (at 30% to 50%) than the standard indirect cost rate of 10%. (This means that for a $100,000 grant, you can receive $30,000 to $50,000 in indirect costs.
A favorable NICRA is essential to maximizing your available program funding, especially for organizations submitting multiple grant applications every year.