Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of ReNEw – Reinventing Education (ReNEW) 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 ReNEW, it is not intended to and does not present the financial position, changes in net assets, or cash flows of ReNEW. ReNEW’s reporting entity is defined in Note 1 to the financial statements for the year ended June 30, 2025.
Federal revenues of $14,761,999 are reported in Revenues and Support on the Statement of Activities, which includes $9,355,392 that agrees to federal expenditures on the Schedule of Federal Awards and $5,406,607 in Employer Retention Tax Credits.
ReNEW did not pass through any federal funds to subrecipients.