Title: Food Distribution Cluster
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal grant activity of
Dare to Care, Inc. ("Dare to Care") and Subsidiaries and is presented on the accrual basis of accounting. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the accompanying consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: Dare to Care does not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Per the U.S. Office of Management and Budget, the Food Distribution Cluster, consists of federal assistance listing numbers 10.565, the Commodity Supplemental Food Program, 10.568, the Emergency Food Assistance Program-Administrative Costs, and 10.569, the Emergency Food Assistance Program-Food Commodities. Accordingly, this cluster has been treated as a single program in determining Dare to Care’s major programs for the year ended June 30, 2023.
Title: Non-cash Financial Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal grant activity of
Dare to Care, Inc. ("Dare to Care") and Subsidiaries and is presented on the accrual basis of accounting. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the accompanying consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: Dare to Care does not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The values of U.S. Department of Agriculture ("USDA") commodities received and distributed during the year, and the inventory value of undistributed USDA commodities as of year-end, are estimated by valuing the respective number of pounds of such food products at an approximate average wholesale value of one pound of donated product based on an annual study performed by Feeding America, a nationwide network of food banks and the leading domestic hunger-relief charity throughout the United States.
The amount of federal expenditures under the Commodity Supplemental Food Program (federal assistance listing number 10.565) reported on the schedule of expenditures of federal awards for the year ended June 30, 2023 includes an estimate of non-monetary expenditures (distribution of USDA commodities) in the amount of approximately $2,200,000. The amount of federal expenditures under the Emergency Food Assistance Program (federal assistance listing number 10.569) reported on the schedule of expenditures of federal awards for the year ended June 30, 2023 includes an estimate of non-monetary expenditures (distribution of USDA commodities) totaling approximately $6,300,000. The estimated inventory value of undistributed USDA commodities, under federal award programs, as of June 30, 2023 totals approximately $2,100,000.
Title: Sub-recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal grant activity of
Dare to Care, Inc. ("Dare to Care") and Subsidiaries and is presented on the accrual basis of accounting. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the accompanying consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: Dare to Care does not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2023, Dare to Care distributed (an estimate of non-monetary expenditures) to subrecipients approximately $2,200,000 of Commodity Supplemental Food Program (federal assistance listing number 10.565) food commodities and approximately $6,300,000 of Emergency Food Assistance Program (federal assistance listing number 10.569) food commodities.