The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of People Encouraging People, 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 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 People Encouraging People, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of People Encouraging People, Inc. People Encouraging People, Inc. and Affiliates’ consolidated financial statements include the operations of Mt. Washington Homes, Inc., Cloville Homes, Inc., Hampton Falls, Inc., Hamilton Park Homes, Inc., Overlea Homes, Inc., Greater Hamilton Homes, Inc., Dartmouth Homes, Inc. and Plymouth Homes, Inc. which expended $7,753,125 in federal awards that are not included in the schedule of expenditures of federal awards during the year ended June 30, 2025 since these entities were audited, and reported on separately, as required by their respective grant agreements.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
People Encouraging People, Inc. has elected not to use the 10% de Minimis indirect cost rate allowed under the Uniform Guidance.
Reimbursement under this grant program is based on the number of qualifying meals served, multiplied by predetermined rates.