Notes to SEFA
The accompanying schedule of expenditures of federal awards (“the schedule”) includes the federal grant activity of Congregation Luminous, Inc. under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requireents for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Congregation Luminous, Inc., it is not intended to and does not represent the financial position, changes in net assets or cash flows of Congregation Luminous, Inc.
Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Congregation Luminous, Inc. did not provide any federal awards to subrecipients during the year ended June 30, 2025.
Congregation Luminous, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Congregation Luminous, Inc. was the recipient of a loan from the U.S. Small Business Administration’s Economic Injury Disaster Loan program. The total balance of the loan as of June 30, 2025, is $150,000. All of the loan proceeds were received prior to the year ended June 30, 2025; therefore, no amounts are reported on the schedule during the current fiscal year.