Audit 355445

FY End
2024-12-31
Total Expended
$1.22M
Findings
0
Programs
4
Year: 2024 Accepted: 2025-05-05

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
HWJMRNTHN8H8 Michelle Trimble Auditee
2106175376 Bennie Lewis Auditor
No contacts on file

Notes to SEFA

Title: Indirect Cost Rate Accounting Policies: Indirect Cost Rate, Program Clusters, Subrecipients De Minimis Rate Used: N Rate Explanation: The Foundation has not elected to use the 10% minimum indirect cost rate as allowed under the Uniform Guidance The Foundation has not elected to use the 10% minimum indirect cost rate as allowed under the Uniform Guidance.
Title: Program Clusters Accounting Policies: Indirect Cost Rate, Program Clusters, Subrecipients De Minimis Rate Used: N Rate Explanation: The Foundation has not elected to use the 10% minimum indirect cost rate as allowed under the Uniform Guidance 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), certain programs have been clustered in determining major programs. All of the Foundation for Advancing Veterans' Health Research, INC. programs are included as one research and development cluster.
Title: Subrecipients Accounting Policies: Indirect Cost Rate, Program Clusters, Subrecipients De Minimis Rate Used: N Rate Explanation: The Foundation has not elected to use the 10% minimum indirect cost rate as allowed under the Uniform Guidance Of the federal expenditures presented in the Schedule, the Foundation provided federal awards to subrecipients as follows: CFDA No. Federal Program Amount Provided to Subrecipients 12.420 Military Medical Research and Development $ 448,542 As a subrecipient, the Foundation has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these sub-awards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award's performance goals.