Notes to SEFA
THE ACCOMPANYING SCHEDULE OF FEDERAL AWARDS (THE SCHEDULE) INCLUDES THE FEDERAL GRANT ACTIVITY OF HUMANKIND UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED DECEMBER 31, 2023. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITEL 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 PORTON OF THE OPERATIONS OF HUMANKIND, IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET ASSETS OR CASH FLOWS OF HUMANKIND.
EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPALES CONTAINED IN UNIFORM GUIDANCE WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. PASSTHROUGH ENTITY IDENTIFYING NUMBERS ARE PRESENTED WHERE AVAILABLE.
HUMANKIND HAS ELECTED NOT TO USE THE TEN PERCENT DE MINUMUS INDIRECT COST RATE ALLOWED UNDER UNIFORM GUIDANCE.
NO AWARDS WERE PASSED THROUGH TO SUBRECIPIENTS.
FEDERAL EXPENDITURES AND REVENUES ARE REPORTED IN HUMANKIND'S FINANCIAL STATEMENTS AS FOLLOWS: GRANTS $5,869,508 LESS: NON-FEDERAL GRANTS (3,237,165) = FEDERAL GRANTS $2,649,327