Title: 1
Accounting Policies: This schedule includes the federal awards activity of Lindenwood University, LLC
(d/b/a/ Lindenwood University), which is a wholly-owned subsidiary of the
Lindenwood University Education System (a Missouri Nonprofit Corporation).
The schedule 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 basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University either did not apply indirect costs to the grants or the University
used an amount lower than the de minimis rate.
This schedule includes the federal awards activity of Lindenwood University, LLC (d/b/a/ Lindenwood University), which is a wholly-owned subsidiary of the Lindenwood University Education System (a Missouri Nonprofit Corporation). The schedule 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 basic financial statements.
Title: 2
Accounting Policies: This schedule includes the federal awards activity of Lindenwood University, LLC
(d/b/a/ Lindenwood University), which is a wholly-owned subsidiary of the
Lindenwood University Education System (a Missouri Nonprofit Corporation).
The schedule 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 basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University either did not apply indirect costs to the grants or the University
used an amount lower than the de minimis rate.
The University provided no federal awards to subrecipients for the year ended June 30, 2024.
Title: 3
Accounting Policies: This schedule includes the federal awards activity of Lindenwood University, LLC
(d/b/a/ Lindenwood University), which is a wholly-owned subsidiary of the
Lindenwood University Education System (a Missouri Nonprofit Corporation).
The schedule 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 basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University either did not apply indirect costs to the grants or the University
used an amount lower than the de minimis rate.
The University either did not apply indirect costs to the grants or the University used an amount lower than the de minimis rate.
Title: 4
Accounting Policies: This schedule includes the federal awards activity of Lindenwood University, LLC
(d/b/a/ Lindenwood University), which is a wholly-owned subsidiary of the
Lindenwood University Education System (a Missouri Nonprofit Corporation).
The schedule 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 basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University either did not apply indirect costs to the grants or the University
used an amount lower than the de minimis rate.
The Uniform Guidance report only covers the activities of Lindenwood University
(OPEID #00248000). Lindenwood University System acquired Dorsey College and
Dorsey School of Beauty during the fiscal year ended June 30, 2023 (OPEID
#00469200 and 02209200, respectively). Management of Lindenwood University
System has determined, based on guidance from the U.S. Department of Education, that the Federal Grant Compliance activities of Dorsey College and Dorsey School of Beauty have been reported on separately, and as such, are not included in this Uniform Guidance report. Currently, the U.S. Department of Education still considers Dorsey College and Dorsey School of Beauty to be for-profit schools in regard to the Student Federal Financial Aid programs and, as such, Dorsey College and Dorsey School of Beauty
file separate compliance audits and 90/10 revenue percentage calculations under the Guide for Financial Statement Audits of Proprietary Schools and for Compliance Attestation Examination Engagements of Proprietary Schools and Third-Party Servicers Administering Title IV Programs.