Title: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
Accounting Policies: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization under programs of the federal government for the year ended December 31, 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 the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: Note 3 – Indirect Cost Rate
The Organization has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization under programs of the federal government for the year ended December 31, 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 the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Note 2 – Basis of Accounting
Accounting Policies: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization under programs of the federal government for the year ended December 31, 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 the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: Note 3 – Indirect Cost Rate
The Organization has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 2 – Basis of Accounting
The Schedule of Expenditures of Federal Awards is presented 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
Title: Note 3 – Indirect Cost Rate
Accounting Policies: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization under programs of the federal government for the year ended December 31, 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 the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: Note 3 – Indirect Cost Rate
The Organization has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 3 – Indirect Cost Rate
The Organization has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Title: Note 4 - Expenditures
Accounting Policies: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization under programs of the federal government for the year ended December 31, 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 the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: Note 3 – Indirect Cost Rate
The Organization has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 4 - Expenditures
These amounts reflect cash received. Federal reimbursements are based on approved rates for services provided
rather than reimbursement for specific expenditures.