Title: Basis of Presentation
Accounting Policies: The accounting principles followed by Plan in preparing the accompanying Schedule are as follows:
Expenditures for direct costs are recognized as incurred using the accrual method of accounting.
Amounts remitted to overseas offices of Plan are recorded as expenditures in the period expended
by the field offices.
Plan applies its predetermined approved overhead rate when charging indirect costs to federal
awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform
Guidance. Indirect costs allocated to such awards for the year ended June 30, 2024 were based on
predetermined rates negotiated with the organization’s cognizant federal agency, the United States
Agency for International Development.
De Minimis Rate Used: N
Rate Explanation: Indirect costs allocated to such awards for the year ended June 30, 2024 were based on
predetermined rates negotiated with the organization’s cognizant federal agency, the United States
Agency for International Development.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) has been prepared
for the purpose of presenting a summary of the federal award expenditures of Plan International
USA, Inc. (“Plan”) for the year ended June 30, 2024. Since the Schedule presents only a selected
portion of the activities of Plan, it is not intended to, and does not present the financial position,
changes in net assets or cash flows of Plan. Negative amounts represent adjustments, in the normal
course of the grant closeout process, to grant expenditures reported on a prior year’s Schedule of
Expenditures of Federal Awards. Assistance listing numbers and pass-through numbers are
provided when available.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accounting principles followed by Plan in preparing the accompanying Schedule are as follows:
Expenditures for direct costs are recognized as incurred using the accrual method of accounting.
Amounts remitted to overseas offices of Plan are recorded as expenditures in the period expended
by the field offices.
Plan applies its predetermined approved overhead rate when charging indirect costs to federal
awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform
Guidance. Indirect costs allocated to such awards for the year ended June 30, 2024 were based on
predetermined rates negotiated with the organization’s cognizant federal agency, the United States
Agency for International Development.
De Minimis Rate Used: N
Rate Explanation: Indirect costs allocated to such awards for the year ended June 30, 2024 were based on
predetermined rates negotiated with the organization’s cognizant federal agency, the United States
Agency for International Development.
The accounting principles followed by Plan in preparing the accompanying Schedule are as follows:
Expenditures for direct costs are recognized as incurred using the accrual method of accounting.
Amounts remitted to overseas offices of Plan are recorded as expenditures in the period expended
by the field offices.
Plan applies its predetermined approved overhead rate when charging indirect costs to federal
awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform
Guidance. Indirect costs allocated to such awards for the year ended June 30, 2024 were based on
predetermined rates negotiated with the organization’s cognizant federal agency, the United States
Agency for International Development.
Title: Expenditures to Related Parties
Accounting Policies: The accounting principles followed by Plan in preparing the accompanying Schedule are as follows:
Expenditures for direct costs are recognized as incurred using the accrual method of accounting.
Amounts remitted to overseas offices of Plan are recorded as expenditures in the period expended
by the field offices.
Plan applies its predetermined approved overhead rate when charging indirect costs to federal
awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform
Guidance. Indirect costs allocated to such awards for the year ended June 30, 2024 were based on
predetermined rates negotiated with the organization’s cognizant federal agency, the United States
Agency for International Development.
De Minimis Rate Used: N
Rate Explanation: Indirect costs allocated to such awards for the year ended June 30, 2024 were based on
predetermined rates negotiated with the organization’s cognizant federal agency, the United States
Agency for International Development.
Plan International USA, Inc. (“Plan”) is an independent, non-profit organization incorporated in the
State of New York. It was founded in 1937 as Foster Parents' Plan for Spanish Children, Inc. for the
purpose of seeking contributions to provide material aid and services to children, their families and
communities. Plan is part of a global organization that advances children’s rights and equality for
girls while working with children, young people, their communities, our supporters, and partners to
make change across more than 50 countries in Africa, Asia, and Latin America. Plan works to
empower children, young people and communities to make vital changes that tackle the root causes
of discrimination against girls, exclusion and vulnerability; to drive change in practice and policy at
local, national and global levels through our reach, experience and knowledge of the realities
children face; to prepare children and communities for and be able to respond to crises and to
overcome adversity; and to support the safe and successful progression of children from birth to
adulthood. Additionally, Plan assists sponsors in developing meaningful relationships with their
sponsored children and families and conducts educational programs in the United States about the
needs of the poor in developing countries. Plan is the United States member organization of Plan
International, Inc. (“PII”). Other member organizations of PII are located in Australia, Belgium,
Canada, Colombia, Denmark, Finland, France, Germany, Hong Kong, India, Ireland, Japan, the
Republic of Korea, the Netherlands, Norway, Spain, Sweden, Switzerland and the United Kingdom.
Plan and the other member organizations participate with PII in the planning, design and decisions
about the implementation of overseas programs that are currently administered in over fifty
countries.
During the year ended June 30, 2024, $16,041,129 of the expenditures to subrecipients disclosed
on the Schedule of Expenditures of Federal Awards, were passed through to our related party, PII,
as described above. Given our federated organizational structure, the costs incurred through PII
are direct costs of the federal awards which have been reported as subrecipient expenditures herein
for disclosure purposes.