Notes to SEFA
Title: Reporting Entity
Accounting Policies: The accompanying Schedule has been prepared using the accrual basis of accounting and in accordance Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The purpose of the Schedule is to present a summary of those activities of the Institute for the year ended April 30, 2023, which have been financed by the U.S. Government (federal awards). For purposes of the Schedule, federal awards include all federal assistance entered into directly between the federal government and the Institute and federal funds awarded to the Institute by a primary recipient. Because the Schedule presents only a selected portion of the activities of the Institute, it is not intended to and does not present the financial
position, results of operation, changes in net assets, and cash flows of the Institute.
De Minimis Rate Used: N
Rate Explanation: The Institute recovers facilities and administrative costs (indirect costs) associated with expenditures pursuant to arrangements with the federal government.
The accompanying Supplementary Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all federal award programs of Institute for Healthcare Improvement, Inc. (the Institute), as described in note 1 to the basic financial statements.
Title: Subrecipient Awards
Accounting Policies: The accompanying Schedule has been prepared using the accrual basis of accounting and in accordance Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The purpose of the Schedule is to present a summary of those activities of the Institute for the year ended April 30, 2023, which have been financed by the U.S. Government (federal awards). For purposes of the Schedule, federal awards include all federal assistance entered into directly between the federal government and the Institute and federal funds awarded to the Institute by a primary recipient. Because the Schedule presents only a selected portion of the activities of the Institute, it is not intended to and does not present the financial
position, results of operation, changes in net assets, and cash flows of the Institute.
De Minimis Rate Used: N
Rate Explanation: The Institute recovers facilities and administrative costs (indirect costs) associated with expenditures pursuant to arrangements with the federal government.
The Institute not pass through any Federal Awards to subrecipient organizations during the year ended
April 30, 2023.