Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of The Newark Museum Association (d/b/a The Newark Museum of the Art) (the “Museum”) under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with 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 the Museum, it is not intended to and does not represent the financial position, changes in net assets or cash flows of the Museum
Nonmonetary assistance is reported in the Schedule based on the amount disbursed or received. The Museum received no non-monetary assistance for the year ended December 31, 2025.