Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards of Advocates for Arts-Based Education Corporation d/b/a The Willow School (the “School”). The School’s reporting entity is defined in Note 1 to the financial statements for the year ended June 30, 2025. All federal awards received directly from federal agencies are included on the schedule, as well as federal awards passed-through other government agencies.
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the School’s financial statements for the year ended June 30, 2025.
The School has elected to use the de minimus indirect cost rate as allowed under Uniform Guidance. The rate was 10% until October 1, 2024 when it was increased to 15%.