Audit 360166

Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of School-to-School International ("STS") 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 STS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of STS. 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 limited as to reimbursement. Pass-through entity identifying numbers are presented where available and applicable. Grant periods for certain of the grants included in the Schedule are different from the fiscal year of STS. Expenditures reported in the Schedule only include expenditures for the period of January 1, 2024 through December 31, 2024, which is STS's fiscal year. De Minimis Rate Used: N Rate Explanation: STS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.