Notes to SEFA
TThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Environment for the Americas, Inc. (the Organization) under programs of the federal government for the year ended December 31, 2023. The information in the 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 (the 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 assets, or cash flows of the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
In preparing the financial statements, the Organization has evaluated events and transactions for potential disclosure through October 10, 2025, the date the financial statements were available to be issued. Management has determined there were no events that have occurred subsequent to December 31, 2023 that would require disclosure