How do NGOsource fees compare with the actual costs of internal staff time and outsourced ED services that grantmakers typically pay to lawyers and philanthropic service providers?
Grantmakers report highly variable estimates for the actual costs of processing an ED, ranging from hundreds of dollars up to $10,000, depending on the complexity, the amount of information collected, the thoroughness of the ED review and the calculation used for internal or external staffing costs. It is very important to note that from our research has found that low-cost ED reviews often are not fully compliant with IRS regulations. NGOsource’s fees are extremely competitive and are a fraction of the cost of external legal expenses, which can range from to US$5,000 to US$10,000 per ED.
Related Questions
- In determining the costs of consolidation, what is factored in? Does it include the cost of the staff time currently being spent meeting with the contractor?
- When assigning a staff member to a time bar, why do I sometimes get a message saying an Actual Hours record was not created?
- May we chare project staff time spent on fundraising for the project administrative costs to excess non-federal funds?
