Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Institute for Advanced Learning and Research under programs of the federal government for the year ended June 30, 2025. The information in the Schedule is presented in accordance with the requirements of the Office of Management and Budgets Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Institute for Advanced Learning and Research, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Institute for Advanced Learning and Research.
Grant income per the basic financial statements $ 4,531,214 Capital grant income per the basic financial statements 38,305,365 Less: Grants from the Non-Federal Sources (41,916,315) Federal revenue as reported above $ 920,264