Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget (OMB) Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, whether in 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. Pass-through entity or other identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION ONLY CHARGES DIRECT EXPENSES TO THE GRANTS.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Open Hearth, Inc. (the Organization) under programs of the federal government for the year ended December 31, 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget (OMB) Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, whether in 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. Pass-through entity or other identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION ONLY CHARGES DIRECT EXPENSES TO THE GRANTS.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget (OMB) Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, whether in 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. Pass-through entity or other identifying numbers are presented where available.
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget (OMB) Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, whether in 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. Pass-through entity or other identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION ONLY CHARGES DIRECT EXPENSES TO THE GRANTS.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: FAC DATA COLLECTION FORM AND REPORTING PACKAGE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget (OMB) Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, whether in 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. Pass-through entity or other identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION ONLY CHARGES DIRECT EXPENSES TO THE GRANTS.
Federal reporting requirements under the Uniform Guidance, Subpart F, Section 200.512(a)-(d) requires non-profit organizations to submit a data collection form and the audit reporting package to the Federal Audit Clearinghouse (FAC). The single audit reporting package and data collection form shall be submitted to the Federal Audit Clearinghouse 30 days after receipt of the auditor’s report, or 9 months after the end of the fiscal year, whichever comes first.
Title: PROGRAMS WITH MULTIPLE CFDA NUMBERS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget (OMB) Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, whether in 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. Pass-through entity or other identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION ONLY CHARGES DIRECT EXPENSES TO THE GRANTS.
The FIRM, FSP, Targeted Homelessness Resource Coordination program, grant numbers 21736 and 21808 for $85,000 and $107,000, respectively, were identified by Chester County’s Department of Community Development as having shared funds between two federal programs (HUD 14.218 and HHS 93.569). However, the county did not identify how much of the funding was from each federal program. All funding was allocated to federal program HHS 93.569 based on the information available.