Title: Schedule of Expenditures of Federal Awards Reconciliation
Accounting Policies: AAAS: Summary of Significant Accounting Policies: Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: AAAS's most recent indirect cost rate agreement provided a provisional rate of 29.17% applicable for fiscal year 2022. The Association will continue to use this rate, unless the actual rate is lower, until a new rate is approved by its oversight agency. The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The following schedule is a reconciliation of total expenditures as shown on the schedule to the revenue recognized on the consolidated statements of activities and changes in net assets without donor restrictions for the year ended December 31, 2022:Grants and Related Activities revenue as shown on the consolidated statements of activities and changes in net assets without donor restrictions$21,845,858Less: Fixed price contracts, non-federal grants, contracts and related revenue(5,922,061) for a total Federal Revenues and expenditures $15,923,797.
Title: Basis of Presentation
Accounting Policies: AAAS: Summary of Significant Accounting Policies: Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: AAAS's most recent indirect cost rate agreement provided a provisional rate of 29.17% applicable for fiscal year 2022. The Association will continue to use this rate, unless the actual rate is lower, until a new rate is approved by its oversight agency. The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the American Association for the Advancement of Science ("AAAS") under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of AAAS, it is not intended to and does not present the financial position, changes in net assets or cash flows of AAAS.
Title: Summary of Consolidated SEFA Reporting
Accounting Policies: AAAS: Summary of Significant Accounting Policies: Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: AAAS's most recent indirect cost rate agreement provided a provisional rate of 29.17% applicable for fiscal year 2022. The Association will continue to use this rate, unless the actual rate is lower, until a new rate is approved by its oversight agency. The Association has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal awards (the Schedule) is a consolidated schedule that presents the federal awards of AAAS and AAAS Fellowship Programs, Incorporated (AFPI), AAAS wholly owned for-profit subsidiary. The total expenditures as shown on the Schedule related to AL #98.001 U.S. Agency for International Development, includes direct expenditures of $4,539,181 incurred by AFPI. The total listed of $5,668,344 represents consolidated expenditures for the year ended December 31, 2022 includes the AFPI amount of $4,539,181 combined with the subaward made by AFPI to AAAS in amount of $1,129,163.