The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) has been prepared for the purpose of presenting a summary of the federal award expenditures of Plan International USA, Inc. (“Plan”) for the year ended June 30, 2025. Since the Schedule presents only a selected portion of the activities of Plan, it is not intended to, and does not present the financial position, changes in net assets or cash flows of Plan. Negative amounts represent adjustments, in the normal course of the grant closeout process, to grant expenditures reported on a prior year’s Schedule of Expenditures of Federal Awards. Assistance listing numbers and pass-through numbers are provided when available.
The accounting principles followed by Plan in preparing the accompanying Schedule are as follows: Expenditures for direct costs are recognized as incurred using the accrual method of accounting. Amounts remitted to overseas offices of Plan are recorded as expenditures in the period expended by the field offices. Plan applies its predetermined approved overhead rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Indirect costs allocated to such awards for the year ended June 30, 2025 were based on predetermined rates negotiated with the organization’s cognizant federal agency, the United States Agency for International Development.
Plan International USA, Inc. (“Plan”) is an independent, nonprofit organization incorporated in the state of New York. Founded in 1937 as Foster Parents' Plan for Spanish Children, Inc., Plan is the U.S. member organization of Plan International, Inc. (“PII”), a global organization advancing girls’ rights in more than 80 countries. Powered by supporters, Plan partners with adolescent girls, young women, children and their communities to overcome oppression and gender inequality. Plan programs provide support and resources unique to girls’ needs, ensuring they achieve their full potential with dignity, opportunity and safety. Additionally, Plan connects donors with a girl or boy through a sponsorship model, assisting them in developing meaningful relationships and helping to foster an understanding of lived realities around the world. Plan is the United States member organization of Plan International, Inc. (“PII”). Other member organizations of PII are located in Australia, Belgium, Canada, Colombia, Denmark, Finland, France, Germany, Hong Kong, India, Ireland, Japan, the Republic of Korea, the Netherlands, Norway, Spain, Sweden, Switzerland and the United Kingdom. Plan and the other member organizations participate with PII in the planning, design and decisions about the implementation of overseas programs that are currently administered in over fifty countries. During the year ended June 30, 2025, $8,651,941 of the expenditures to subrecipients disclosed on the Schedule of Expenditures of Federal Awards, were passed through to our related party, PII, as described above. Given our federated organizational structure, the costs incurred through PII are direct costs of the federal awards which have been reported as subrecipient expenditures herein for disclosure purposes.