Photo: Sacramento City College
Audited Financial Reports
Building Impact Responsibly
FoundationCCC, like every nonprofit and for-profit enterprise, incurs management and administrative infrastructure costs. The funding that supports these indirect costs is as important as the funding that directly supports the delivery of programs and services. As a mission-driven nonprofit organization, we take recovering the full cost of our work seriously because we know it is essential for delivering on our mission with excellence and responsibly stewarding public and philanthropic resources.
FoundationCCC’s Finance Department annually assesses the indirect cost recovery rate based on actual expenses to ensure it is accurate and sufficient for organizational sustainability.
FoundationCCC’s policy is to recover its full costs on all grants, contracts, and gifts unless the funder or partner has explicit limitations. Any such limitations are reviewed in collaboration with FoundationCCC leadership to ensure the work and associated administration will be adequately funded for successful delivery.
FoundationCCC’s indirect cost recovery rate is calculated as a percentage of total direct expenses and includes three main types of expense:
- Infrastructure: Operational resources that support the organization, including technology systems, licenses, subscriptions, IT security tools, intranet and internal knowledge resources, telecommunications, office supplies, shipping and postage, and travel and non-programmatic consulting services for non-programmatic work.
- Personnel: Salaries and benefits for administrative and management functions, including finance, human resources, legal operations, IT, advancement, communications, business systems, staff training and professional development, and miscellaneous administrative programs.
- Occupancy: Facilities-related costs, including office leases, utilities, and insurance.
Photo: FoundationCCC