Audit 341426

Accounting Policies: GENERAL INFORMATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Research for Action, Inc. under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Research for Action, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Research for Action, Inc. Federal awards received directly from federal agencies (if any), as well as the federal portion of grants passed through nonfederal agencies, are included in the Schedule. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the schedule are reported on the accrual basis of accounting. 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. De Minimis Rate Used: Y Rate Explanation: Research for Action has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.