Title: Basis of presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes federal award activity of The Greater Boston Food Bank, Inc. (the "Organization") under programs of the federal government for the year ended September 30, 2023. 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 The Greater Boston Food Bank, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Greater Boston Food Bank, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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: The Organization has elected to not 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 federal award activity of The Greater Boston Food Bank, Inc. (the "Organization") under programs of the federal government for the year ended September 30, 2023. 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 The Greater Boston Food Bank, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Greater Boston Food Bank, Inc.
Title: Summary of significant accounting policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes federal award activity of The Greater Boston Food Bank, Inc. (the "Organization") under programs of the federal government for the year ended September 30, 2023. 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 The Greater Boston Food Bank, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Greater Boston Food Bank, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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: The Organization has elected to not 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. 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: Indirect cost rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes federal award activity of The Greater Boston Food Bank, Inc. (the "Organization") under programs of the federal government for the year ended September 30, 2023. 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 The Greater Boston Food Bank, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Greater Boston Food Bank, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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: The Organization has elected to not use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization has elected to not use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Value of noncash and cash expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes federal award activity of The Greater Boston Food Bank, Inc. (the "Organization") under programs of the federal government for the year ended September 30, 2023. 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 The Greater Boston Food Bank, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Greater Boston Food Bank, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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: The Organization has elected to not use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the year ended September 30, 2023, the Organization distributed 12,316,012 pounds of USDA foodstuffs valued at $22,289,054. Total expenditures for the year ended September 30, 2023 are as follows:
Total value of noncash expenditures $ 20,276,793
Cash expenditures 2,012,261
Total federal expenditures $ 22,289,054