Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: Both
Rate Explanation: WAW does not charge indirect costs to federal awards, except for 6% to award #21CICET00174- 01-00 with Department of Homeland Security and 10% for award #SAF20019CA0071 with U.S. Department of State, #90RE0304-01-00 and #90ZN0006-01-00 with Department of Health and Human Services Administration for Children and Families.
The accompanying schedule of expenditure of federal awards (the Schedule) includes the federal grant activity of WAW under programs of the federal government for the year ending December 31, 2022. The information in the schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because, 29 the Schedule presents only a selected portion of the operations Women for Afghan Women, Inc., it is not intended to and does not present their financial position, changes in net assets, or cash flows.
Title: Tax Exempt Status
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: Both
Rate Explanation: WAW does not charge indirect costs to federal awards, except for 6% to award #21CICET00174- 01-00 with Department of Homeland Security and 10% for award #SAF20019CA0071 with U.S. Department of State, #90RE0304-01-00 and #90ZN0006-01-00 with Department of Health and Human Services Administration for Children and Families.
The Group is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code in United States and is exempt from income taxes under Income Tax Law in Afghanistan. Accordingly, no provision for federal, state or local income taxes has been recorded.