Audit 368843

NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of Sustainable Sciences Institute ("SSI") under programs of the federal government for the year ended December 31, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) 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 SSI, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SSI.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance and OMB Circular A122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowed or are limited to reimbursement. Grant periods for some of the grants included in the schedule are different from the accounting year of SSI. Expenditures reported on the schedule only include expenditures for the period of January 01, 2024, through December 31, 2024, which is SSI’s accounting year.

NOTE 3 - INDIRECT COST RATE SSI has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

NOTE 4 - SUBRECIPIENTS SSI did not provide any federal awards to subrecipients for the year ended December 31, 2024