The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Dare to Care, Inc. (Organization or Dare to Care) and Subsidiaries under programs of the federal government for the year ended June 30, 2025. 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 assets or cash flows of the Organization.
Per the U.S. Office of Management and Budget, the Food Distribution Cluster, consists of federal assistance listing numbers 10.565, the Commodity Supplemental Food Program, 10.568, the Emergency Food Assistance Program-Administrative Costs, and 10.569, the Emergency Food Assistance Program-Food Commodities. Accordingly, this cluster has been treated as a single program in determining Dare to Care’s major programs for the year ended June 30, 2025.
The values of U.S. Department of Agriculture (USDA) commodities received and distributed during the year, and the inventory value of undistributed USDA commodities as of year-end, are estimated by valuing the respective number of pounds of such food products at an approximate average wholesale value of one pound of donated product based on an annual study performed by Feeding America, a nationwide network of food banks and the leading domestic hunger-relief charity throughout the United States. The amount of federal expenditures under the Commodity Supplemental Food Program (federal assistance listing number 10.565) reported on the schedule of expenditures of federal awards for the year ended June 30, 2025 includes an estimate of non-monetary expenditures (distribution of USDA commodities) in the amount of approximately $2,300,000. The amount of federal expenditures under the Emergency Food Assistance Program (federal assistance listing number 10.569) reported on the schedule of expenditures of federal awards for the year ended June 30, 2025 includes an estimate of non-monetary expenditures (distribution of USDA commodities) totaling approximately $10,500,000. The estimated inventory value of undistributed USDA commodities, under federal award programs, as of June 30, 2025 totals approximately $2,800,000.
During the year ended June 30, 2025, Dare to Care distributed (an estimate of non-monetary expenditures) to subrecipients approximately $2,300,000 of Commodity Supplemental Food Program (federal assistance listing number 10.565) food commodities and approximately $10,500,000 of Emergency Food Assistance Program (federal assistance listing number 10.569) food commodities.