Title: Basis of Accounting
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization prepares its financial statements on the accrual basis of accounting consistent
Title: Basis of Accounting
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
with accounting principles generally accepted in the United States of America.
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization is required to report information regarding its financial position and activities
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
according to the following net asset classifications:
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Net assets without donor restrictions: Net assets that are not subject to donor-imposed
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
restrictions and may be expended for any purpose in performing the primary objectives of the
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Organization. These net assets may be used at the discretion of the Organization’s management
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
and the board of directors.
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Net assets with donor restrictions: Net assets subject to stipulations imposed by donors and
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
grantors. Some donor restrictions are temporary in nature, which will be met by actions of the
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Organization or by the passage of time. Other donor restrictions are perpetual in nature, whereby
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
the donor has stipulated the funds be maintained in perpetuity.
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Donor restricted contributions are reported as increases in net assets with donor restrictions.
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
When a restriction expires, net assets are reclassified from net assets with donor restrictions to
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
net assets without donor restrictions in the statements of activities.
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Contributions that are restricted by the donor are reported as an increase to net assets without
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
donor restrictions if the restriction expires in the reporting period in which the contribution is
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
recognized.
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
For the years ended August 31, 2022 and 2021, the Organization had net assets in only the net
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
assets without donor restrictions classification. These net assets are not subject to donor imposed
Title: Basis of Presentation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
restrictions.
Title: Estimates
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The preparation of financial statements in accordance with accounting principles generally
Title: Estimates
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
accepted in the United States of America requires management to make estimates and
Title: Estimates
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
assumptions that affect the amounts reported in the financial statements and accompanying
Title: Estimates
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
notes. Actual results could differ from those estimates.
Title: Cash and Cash Equivalents
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Cash and cash equivalents consists of all cash balances and highly liquid investments (including
Title: Cash and Cash Equivalents
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
board designated reserves) with a maturity of three months or less at the time of acquisition. The
Title: Cash and Cash Equivalents
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Organization places its temporary cash investments with high credit quality financial institutions.
Title: Cash and Cash Equivalents
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
At times such investments may be in excess of the Federal Deposit Insurance Corporation's
Title: Cash and Cash Equivalents
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
("FDIC") insurance limits. As of August 31, 2022 and 2021, no cash accounts were over the FDIC's
Title: Cash and Cash Equivalents
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
insurance limit.
Title: Concentration of Credit Risk
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization maintains its cash in bank deposit accounts which, at times, may exceed
Title: Concentration of Credit Risk
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
federally insured limits. The Organization has not experienced any losses in such accounts. The
Title: Concentration of Credit Risk
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Organization believes it is not exposed to any significant credit risk on cash and cash equivalents.
Title: Grants and Fees Receivable
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Grants that are available and fees that have been earned and not received at year end are recorded
as receivable.
Management considers receivables to be fully collectible. If amounts become uncollectable, they
are charged to operations in the period in which that determination is made. Accounting
principles generally accepted in the United States of America require that the allowance method
be used to recognize bad debts; however, the effect of using the direct write-off method is not
materially different from the results that would have been obtained under the allowance method.
Title: Prepaid Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Prepaid expenses represent amounts paid as of year-end that will benefit future operations.
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Purchases of property, equipment or improvements costing more than $2,500 are recorded at
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
cost. Major improvements are charged to the fixed asset account, while maintenance and repairs,
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
which do not extend the life of the respective assets, are expensed. When capital assets are retired
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
or otherwise disposed, the cost of the capital asset and the related accumulated depreciation are
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
removed from the accounts and any resulting gains or losses are reflected in income.
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Depreciation is computed on the straight-line method over the estimated useful lives of the assets.
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The useful lives of the assets are estimated as follows:
Title: Capital Assets and Depreciation
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Furniture, equipment and machinery - 7 years
Computers - 3-5 years
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization reviews its long-lived assets for impairment whenever events or changes in
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
circumstances indicate that the carrying value of the asset may not be recoverable. Recoverability
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
is measured by a comparison of the carrying amount of the asset to the future net undiscounted
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
cash flows expected to be generated and any estimated proceeds from the eventual disposition. If
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
the long-lived assets are considered to be impaired, the impairment to be recognized is measured
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
at the amount by which the carrying amount of the asset exceeds the fair value as determined
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
from an appraisal, discounted cash flow analysis, or other valuation technique. There were no
Title: Impairment of Long-Lived Assets
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
impairment losses recognized during the years ended August 31, 2022 and 2021.
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization determines if an arrangement is a lease at inception. An arrangement is a lease
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
if the arrangement conveys a right to direct use of and to obtain substantially all of the economic
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
benefits from the use of an asset for a period of time in exchange for consideration.
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Operating lease right-of-use assets and liabilities are recognized at the commencement date based
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
on the present value of lease payments over the lease term. The Organization uses a risk-free rate
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
at the commencement date in determining the present value of lease payments. Right-of-use
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
assets are amortized on the straight line basis over the lease term.
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The operating lease right-of-use asset also includes any lease payments made and excludes lease
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
incentives. The lease terms may include options to extend or terminate the lease when it is
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
reasonably certain that the Organization will exercise that option. The lease agreement does not
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
contain any material residual value guarantees or material restrictive covenants. Lease expense
Title: Right-of-Use Asset and Lease Liability
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
for lease payments is recognized on a straight-line basis over the lease term.
Title: Accounts Payable and Accrued Liabilities
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization recognizes a liability for goods and services received but not paid for as of yearend. It also recognizes a liability for the salaries and wages owed to the employees as of year-end.
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Grants are considered to be available for unrestricted use unless specifically restricted by the
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
grantor. Amounts received that are restricted by the grantor for future periods for specific
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
purposes are reported as revenue with restrictions that increases that net asset class.
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Contributions received are recorded as net assets without donor restrictions or net assets with
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
donor restrictions, depending on the existence and/or nature of any donor-imposed restrictions.
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Contributions that are restricted by the donor are reported as an increase in net assets without
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
donor restrictions if the restriction expires in the reporting period in which the contribution is
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
recognized.
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
All other donor restricted contributions are reported as an increase in net assets with donor
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
restrictions, depending on the nature of restriction. When a restriction expires (that is, when a
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
stipulated time restriction ends or purpose restriction is accomplished), net assets with donor
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
restrictions are reclassified to net assets without donor restrictions and reported in the statements
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
of activities as net assets released from restrictions.
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Contributed property and equipment are recorded at fair value at the date of donation.
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Contributions with donor-imposed stipulations regarding how long the contributed assets must be
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
used are recorded as net assets with donor restrictions; otherwise, the contributions are recorded
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
as net assets without donor restrictions.
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Unconditional pledges to give are recorded as contributions when pledged at the net present value
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
of the amounts expected to be collected. Unconditional pledges to give that are expected to be
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
received in future periods are discounted annually using the current interest rate the funds would
Title: Revenue Recognition
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
earn. Amortization of the discount is recorded as contribution revenue.
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization is exempt from federal income taxes under Internal Revenue Code Section
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
501(c)(3). The preparation of financial statements in accordance with accounting principles
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
generally accepted in the United States of America requires the Organization to report
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
information regarding its exposure to various tax positions taken by the Organization. The
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Organization has determined whether any tax positions have met the recognition threshold and
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
has measured the Organization's exposure to those tax positions. Management believes that the
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Organization has adequately addressed all relevant tax positions and that there are no unrecorded
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
tax liabilities. Federal and state tax authorities generally have the right to examine and audit
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
the previous three years of tax returns filed. Any interest or penalties assessed to the Organization
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
are recorded in operating expenses. No interest or penalties from federal or state tax authorities
Title: Income Taxes
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
were recorded in the accompanying financial statements.
Title: Contributed Services
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
For the years ended August 31, 2022 and 2021, the value of contributed services meeting the
Title: Contributed Services
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
requirements for recognition in the financial statements was not material and has not been
Title: Contributed Services
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
recorded. In addition, individuals may volunteer their time and perform a variety of tasks that
Title: Contributed Services
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
assist the Organization, but these services do not meet the criteria for recognition as contributed
Title: Contributed Services
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
services.
Title: Economic Concentrations
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization operates in a heavily regulated environment. The operations of the Organization
Title: Economic Concentrations
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
are subject to the administrative directives, rules and regulations of federal, state and local
Title: Economic Concentrations
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
regulatory agencies, including, but not limited to, the Internal Revenue Service and the U.S.
Title: Economic Concentrations
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Department of Education. Such administrative directives, rules and regulations are subject to
Title: Economic Concentrations
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
change by an act of Congress or an administrative change mandated by a regulatory agency. Such
Title: Economic Concentrations
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
changes may occur with little notice or inadequate funding to pay for the related cost, including
Title: Economic Concentrations
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
the additional administrative burden, to comply with a change.
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The costs of providing various programs and other activities have been summarized on a
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
functional basis in the Statements of Activities. Accordingly, certain costs have been allocated
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
among the various programs and administrative and support. Such allocations are determined by
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
management on an equitable basis and are allocated in the Statement of Functional Expenses.
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The expenses that are allocated include the following:
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Expense Method of Allocation
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Salaries Time and effort
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Employee Benefits Time and effort
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Supplies Usage of supplies
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Utilities Usage of utilities
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Postage Usage of postage
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Maintenance Time and effort
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Rent Usage of space
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Equipment rental Usage of equipment
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Staff travel Time and effort
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Student travel Time and effort
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Computer services Usage of services
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Professional fees Usage of services
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Insurance Usage of services
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Depreciation Usage of space
Title: Functional Expenses
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Miscellaneous Usage of services
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
The Organization receives financial assistance from the United States Department of Education
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
(the "Department") in the form of grants and subsidies. Entitlement to the funds is generally
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
conditional upon compliance with terms and conditions of the grant agreements and applicable
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
regulations, including the expenditure of the funds for eligible purposes. Substantially all grants,
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
entitlements and cost reimbursements are subject to financial and compliance audits by the
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Department. As a result of these audits, costs previously reimbursed could be disallowed and
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
require payments to the Department. As of August 31, 2022 and 2021, the Organization estimates
Title: Contingencies
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
that no material liabilities will result from such audits.
Title: Change in Accounting Principle
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting
Standards Codification (ASC) 842, Leases (“FASB ASC 842”) to increase transparency and
comparability among organizations by requiring the recognition of lease assets and lease liabilities
on the balance sheet by lessees and the disclosure of key information about leasing arrangements.
FASB ASC 842 was adopted September 1, 2021 with no material effect on the financial statements
of the Organization. Lease disclosures for the year ended August 31, 2021 are made under prior
lease guidance in FASB ASC 842.
Title: Subsequent Events
Accounting Policies: Basis of Accounting; Basis of Presentation (Net assets without donor restrictions; Net assets with donor restrictions); Estimates; Cash and Cash Equivalents; Concentration of Credit Risk; Grants and Fees Receivable; Prepaid Expenses; Capital Assets and Depreciation; Impairment of Long-Lived Assets; Right-of-Use Asset and Lease Liability; Accounts Payable and Accrued Liabilities; Revenue Recognition; Income Taxes; Contributed Services; Economic Concentrations; Functional Expenses; Contingencies; Change in Accounting Principle; and Subsequent Events
De Minimis Rate Used: N
Rate Explanation: Organization did not use de minimis cost rate.
Events that occur after the financial statement date but before the financial statements were
available to be issued must be evaluated for recognition or disclosure. The effects of subsequent
events that provide evidence about conditions that existed at the financial statement date are
recognized in the accompanying financial statements. Subsequent events which provide evidence
about conditions that existed after the financial statement date require disclosure in the
accompanying notes to the financial statements. Subsequent events have been evaluated through
August 8, 2024, which is the date the financial statements were available to be issued and have
concluded that no subsequent events have occurred that would require recognition in the
financial statements or disclosure in the notes to the financial statements.