Audit 300080

Title: Other Disclosures Accounting Policies: The accompany schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of the NACA – Inspired Schools Network (NISN) under programs of the federal government for the year ended June 30, 2023. Because the Schedule presents only a selected portion of the operations of NISN, it is not intended to and does not present the financial position, changes in net assets, or cash flows of NISN. Expenditures reported on the 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 (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: Both Rate Explanation: NISN has used the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance for grants U282T180018, S299A200080, S299A180041, and S299A150050. For AmeriCorps (22ESDNM001), NISN has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance during the year ended June 30, 2023. NISN did not report any non-cash assistance on the Schedule for the year ended June 30, 2023, and no federal loan guarantees were outstanding at June 30, 2023.