Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The New-York Historical Society (TNYH) 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 TNYH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of TNYH.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. In instances where an indirect cost rate is applied, TNYH has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. TNYH did not pass-through any Federal awards to sub-recipients during the year ended June 30, 2025.
TNYH received a grant for $525,954 in March 2009, of which $158,977 has been designated as restricted in perpetuity and included as part of the endowment fund created by the grant. In addition, TNYH received a grant for an educational endowment of $620,000, which has been received and has been designated as restricted in perpetuity. These amounts are included on the accompanying schedule of expenditures of federal awards as “Institute for Constitutional Studies” and "Renovation Project and American History Education Program,” respectively, and will be reported each year.