Pre-Award
The statement that describes an organization's fundamental purpose
What is a Mission Statement?
A document that assists with program evaluation
What is a Logic Model?
A request for more time, not money, to finish the research, as in, an extension of time to a project period and/or budget period to complete the work of the grant under that period.
What is a No-Cost Extension?
The three elements of the Fraud Triangle
What are Pressure, Opportunity and Rationalization?
The processes taken when the grant ends to ensure the proper disposition of the program or project.
What are closeout reports?
The most critical section of the proposal
What is the Needs Assessment?
Costs that are applicable to the specific sponsored program or project
What are Direct Costs?
Any intentional deception engaged in for financial or personal gain
What is Fraud?
The governmental agency that governs nonprofit organizations
What is the Attorney General?
Cost Reimbursement, Payment Management System (PMS), Fixed-Price and Fixed Rate
What are the types of funding mechanisms?
The acronym RFP
What is a Request for Proposal?
A systematic process for analyzing how the program or project will function and if completed at the end, what will be the outcomes
What is an Evaluation?
The Circular that defines the costs principles
What is OMB Circular A122?
This OMB Circular requires an Audit annually by a CPA
What is OMB Circular A133?
An established 501(c)(3) organization that provides financial oversight of another non-profit organization's grant award.
What is a fiscal sponsor?
A nongovernmental agency that award proposals
What is a Foundation?
The two types of evaluations
What are Formative and Summative?
The Circular that defines the administrative costs
What is OMB Circular A110?
The external and internal individuals involved in the organization's Evaluation preparation
Who are the Stakeholders?
Name the two types of closeout reports.
What are the final financial and the final progress reports?
The document received from the sponsor that critiques and provides a summary of the strength of the proposal
What is the Reviewer's Comments?
The expense of doing business that is not readily identified with a particular grant, project, or program, but is necessary for the general operation of the organization
What are Indirect Costs?
The Office that develops and ensures the implementation of policies across many industries and is a component of the Executive Branch
What is the Office of Management & Budget?
The close-out documents required by the sponsor at the end of the period of performance
A document that includes all the costs associated with carrying out the program or project.
What is a budget?