Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of International Institute on Race, Equality and Human Rights (the Organization) 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 (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 International Institute on Race, Equality and Human Rights, it is not intended to and does not present the financial position, changes in net assets, or cash flows of International Institute on Race, Equality and Human Rights.
The allowability of certain costs under government grants is subject to audit by the contracting agency. Certain indirect costs charged to grants are subject to revisions based on government audits of those costs. Management believes that contract costs are consistent with applicable government cost principles, and that costs subsequently disallowed, if any, upon audit by the government would not be material.