Title: Basis of Presentation
Accounting Policies: Basis of Presentation, Indirect Cost Rate, Sub-recipients, Federal Loans and Loan Guarantees, Federally Funded Insurance, Non-cash awards
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended December 31, 2024, the Organization did not elect to use this rate.
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the financial statements. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of 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: Indirect Cost Rate
Accounting Policies: Basis of Presentation, Indirect Cost Rate, Sub-recipients, Federal Loans and Loan Guarantees, Federally Funded Insurance, Non-cash awards
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended December 31, 2024, the Organization did not elect to use this rate.
The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended December 31, 2024, the Organization did not elect to use this rate.
Title: Sub-recipients
Accounting Policies: Basis of Presentation, Indirect Cost Rate, Sub-recipients, Federal Loans and Loan Guarantees, Federally Funded Insurance, Non-cash awards
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended December 31, 2024, the Organization did not elect to use this rate.
During the year ended December 31, 2024, the Organization had no sub-recipients.
Title: Federal Loans and Loan Guarantees
Accounting Policies: Basis of Presentation, Indirect Cost Rate, Sub-recipients, Federal Loans and Loan Guarantees, Federally Funded Insurance, Non-cash awards
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended December 31, 2024, the Organization did not elect to use this rate.
During the year ended December 31, 2024, the Organization had no outstanding federal loans payable or loan guarantees.
Title: Federally Funded Insurance
Accounting Policies: Basis of Presentation, Indirect Cost Rate, Sub-recipients, Federal Loans and Loan Guarantees, Federally Funded Insurance, Non-cash awards
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended December 31, 2024, the Organization did not elect to use this rate.
During the year ended December 31, 2024, the Organization had no federally funded insurance.
Title: Non-cash awards
Accounting Policies: Basis of Presentation, Indirect Cost Rate, Sub-recipients, Federal Loans and Loan Guarantees, Federally Funded Insurance, Non-cash awards
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended December 31, 2024, the Organization did not elect to use this rate.
During the year ended December 31, 2024, the Organization did not have any federal awards in the form of non-cash assistance.