Notes to SEFA
Title: Note A: Basis of Presentation
Accounting Policies: See tab 2.
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 utilizes an approved indirect cost rate as negotiated with
governmental agencies during the year ended December 31, 2023.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant
activity of 100 Black Men of San Antonio, 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,
and does not, present the financial position, changes in net assets or cash flows of the Organization. Therefore,
some amounts presented in the Schedule may differ from amounts presented in the financial statements.
All of the Organization’s federal awards were in the form of cash assistance for the year ended December 31,
2023.
Title: Note B: Summary of Significant Accounting Policies
Accounting Policies: See tab 2.
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 utilizes an approved indirect cost rate as negotiated with
governmental agencies during the year ended December 31, 2023.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR Part 230, Costs Principles
for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as
to reimbursement.
(2) The Organization has elected to not use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance. The Organization utilizes an approved indirect cost rate as negotiated with
governmental agencies during the year ended December 31, 2023.