Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Oak Grove Institute Foundation, Inc. (“the Foundation”), under the
programs of the federal government, state, and local agencies, for the year ended December 31, 2024.
The Schedule is presented in accordance with 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
Foundation, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of the Foundation.
De Minimis Rate Used: N
Rate Explanation: The Foundation did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Oak Grove Institute Foundation, Inc. (“the Foundation”), under the
programs of the federal government, state, and local agencies, for the year ended December 31, 2024.
The Schedule is presented in accordance with 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
Foundation, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of the Foundation.
Title: Basic of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Oak Grove Institute Foundation, Inc. (“the Foundation”), under the
programs of the federal government, state, and local agencies, for the year ended December 31, 2024.
The Schedule is presented in accordance with 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
Foundation, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of the Foundation.
De Minimis Rate Used: N
Rate Explanation: The Foundation did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement.
The Foundation did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Title: Pass-through to Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Oak Grove Institute Foundation, Inc. (“the Foundation”), under the
programs of the federal government, state, and local agencies, for the year ended December 31, 2024.
The Schedule is presented in accordance with 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
Foundation, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of the Foundation.
De Minimis Rate Used: N
Rate Explanation: The Foundation did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The Foundation did not pass-through federal funding to any sub-recipients during the year ended
December 31, 2024.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Oak Grove Institute Foundation, Inc. (“the Foundation”), under the
programs of the federal government, state, and local agencies, for the year ended December 31, 2024.
The Schedule is presented in accordance with 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
Foundation, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of the Foundation.
De Minimis Rate Used: N
Rate Explanation: The Foundation did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The Foundation did not receive federal insurance, loans, or non-cash assistance during the year
ended December 31, 2024 that are subject to Uniform Guidance requirements.