Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis
of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendituresare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Give Something Back, A New Jersey Non-profit Corporation under programs of the federal government for theyear ended
December 31, 2024. The information in this Schedule is presented in accordance with the requirementsof Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of Give Something Back, A New Jersey Non-profit Corporation, it is not intended to anddoes not present the financial position, changes in net assets, or cash flows of Give Something Back, A New JerseyNon-profit Corporation.