Audit 299902

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting, except for Provider Relief Funds which are reported in accordance with the Health Resources and Services Administration’s Provider Relief Fund Reporting Portal. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: YAI has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal awards activity of Young Adult Institute, Inc. d/b/a YAI's ("YAI") for the year ended June 30, 2023. The information in the 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of YAI, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of YAI.

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting, except for Provider Relief Funds which are reported in accordance with the Health Resources and Services Administration’s Provider Relief Fund Reporting Portal. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: YAI has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported on the schedule are reported on the accrual basis of accounting, except for Provider Relief Funds which are reported in accordance with the Health Resources and Services Administration’s Provider Relief Fund Reporting Portal. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Title: PROVIDER RELIEF FUNDS Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting, except for Provider Relief Funds which are reported in accordance with the Health Resources and Services Administration’s Provider Relief Fund Reporting Portal. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: YAI has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. YAI received Provider Relief Funds during 2021 which were spent in 2022. The amount received from Period 4 (July 1, 2021 to December 31, 2021) is reported on the Schedule for the year ended June 30, 2023. The amount reported in the Schedule for the COVID-19-Provider Relief Funds is based on the Department of Health and Human Services reporting requirements.

Title: INDIRECT COST RATES Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting, except for Provider Relief Funds which are reported in accordance with the Health Resources and Services Administration’s Provider Relief Fund Reporting Portal. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: YAI has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. YAI has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.