Definitions for "In-Kind"
An individual, a company or organization offers goods (materials such as printing, furniture, equipment, amount equivalent to renting equipment, etc.) or services (legal advice, consultation, book keeping, etc) which has a market value (meaning that one could apply a cost for the service if one had had to pay for it) to a not for profit organization. The in-kind donation may or may not be recognized publicly. Note that APC will only recognize rendered services that are professional in nature and will not reimburse this item within the financial contribution allocation.
A non-cash donation of labor, facilities, supplies or equipment to carry out a project. Typically, skilled and professional labor can be valued at the prevailing rate for the field. Work performed by professional or skilled laborers outside of their field, however, is generally computed at another standard or minimum wage. Volunteers who are not called “skilled” or “professional” also have a value that can be calculated as in-kind. The estimated dollar value of volunteer time is $17.19 per hour for 2003, http://www.independentsector.org/programs/research/volunteer_time.html. There is a growing practice to include the value of volunteers in the audit.
The value of goods and services directly donated to a project, for which no dollars are exchanged. In-kind services must be reported by an estimated cash value amount. This dollar amount must be supported with verifiable documentation.
Replacement activities which are intended to replicate as closely as possible the vegetation, hydrology and landscape characteristics of a wetland.