Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Envision Excellence in STEM Education (Envision) under programs of the federal government for the year ended December 31, 2024. 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Organization.
The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance for some of its grants.
The Organization provided no federal awards to subrecipients during the year ended December 31, 2024.
The Organization received no federal awards of non-monetary assistance that are required to be disclosed for the year ended December 31, 2024. The Organization had no loans, loan guarantees, or federally restricted endowment funds required to be disclosed for the year ended December 31, 2024.