Title: 1. BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards include the federal grant activity of Border Servant Corps (a nonprofit organization) and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Border Servant Corps elected to use the de minimis rate under the Shelter and Service - Competitive program as it allows for the de minimis rate to be used for general and administrative expenses.
The accompanying Schedule of Expenditures of Federal Awards include the federal grant activity of Border Servant Corps (a nonprofit organization) and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: 2. INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards include the federal grant activity of Border Servant Corps (a nonprofit organization) and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Border Servant Corps elected to use the de minimis rate under the Shelter and Service - Competitive program as it allows for the de minimis rate to be used for general and administrative expenses.
The Organization has elected to use the 10% percent minimum indirect cost rate allowed under the Uniform Guidance.
Title: 3. CONTINGENCIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards include the federal grant activity of Border Servant Corps (a nonprofit organization) and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Border Servant Corps elected to use the de minimis rate under the Shelter and Service - Competitive program as it allows for the de minimis rate to be used for general and administrative expenses.
Commercial General Liability $3,000,000 Automobile $1,000,000 Umbrella $1,000,000 Directors and Officers $1,000,000
Title: 4. RECONCILIATION OF FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards include the federal grant activity of Border Servant Corps (a nonprofit organization) and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Border Servant Corps elected to use the de minimis rate under the Shelter and Service - Competitive program as it allows for the de minimis rate to be used for general and administrative expenses.
2024 Grant revenue, Statement of Activities $20,740,311 Less United Way direct payments (18,776,578) Federal Expenditures, Schedule of Expenditures of Federal Awards $1,866,907