Audit 339387

Title: General Accounting Policies: Summary of Significant Accounting Policies The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting which is described in Note 2 to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers have been presented where available. De Minimis Rate Used: N Rate Explanation: Cost Rate The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance, instead utilizing the indirect cost rates approved when submitting the annual budgets for each grant and applying for a Negotiated Indirect Cost Rate Agreement. The Organization’s Negotiated Indirect Cost Rate was 11.55% for the year ended September 30, 2024. The Organization used the 10-percent de minimis indirect cost rate for the year ended September 30, 2023. The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Blue Marble Space. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 basic financial statements. All federal financial assistance received directly from federal agencies is included on the schedule of expenditures of federal awards. Because the schedule presents only a selected portion of the operations of Blue Marble Space, it’s not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.

Title: Sub-recipients Accounting Policies: Summary of Significant Accounting Policies The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting which is described in Note 2 to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers have been presented where available. De Minimis Rate Used: N Rate Explanation: Cost Rate The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance, instead utilizing the indirect cost rates approved when submitting the annual budgets for each grant and applying for a Negotiated Indirect Cost Rate Agreement. The Organization’s Negotiated Indirect Cost Rate was 11.55% for the year ended September 30, 2024. The Organization used the 10-percent de minimis indirect cost rate for the year ended September 30, 2023. One federal award in the amount of $7,217 was provided to sub-recipients.

Title: Relationship to Federal Financial Reports Accounting Policies: Summary of Significant Accounting Policies The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting which is described in Note 2 to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers have been presented where available. De Minimis Rate Used: N Rate Explanation: Cost Rate The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance, instead utilizing the indirect cost rates approved when submitting the annual budgets for each grant and applying for a Negotiated Indirect Cost Rate Agreement. The Organization’s Negotiated Indirect Cost Rate was 11.55% for the year ended September 30, 2024. The Organization used the 10-percent de minimis indirect cost rate for the year ended September 30, 2023. The regulations and guidelines governing the preparation of federal financial reports vary by Federal agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal financial reports do not necessarily agree with the amounts reported in the accompanying schedule of expenditures of federal awards, which is prepared on the accrual basis explained in Note 2.

Title: Single Audit – Type A/Type B Program Threshold Accounting Policies: Summary of Significant Accounting Policies The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting which is described in Note 2 to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers have been presented where available. De Minimis Rate Used: N Rate Explanation: Cost Rate The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance, instead utilizing the indirect cost rates approved when submitting the annual budgets for each grant and applying for a Negotiated Indirect Cost Rate Agreement. The Organization’s Negotiated Indirect Cost Rate was 11.55% for the year ended September 30, 2024. The Organization used the 10-percent de minimis indirect cost rate for the year ended September 30, 2023. Dollar threshold used to distinguish between Type A and Type B programs is $750,000. Single Audit requirement is $750,000.