Notes to SEFA
The accompanying consolidated schedule of expenditures of federal awards (schedule) includes the federal award activity of the Organization under programs of the federal government for the year ended December 31, 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 the Organization, it is not intended to and does not present the financial position, change in net assets or cash flows of the Organization.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
For grants applied for after October 1, 2024, the Organization applied the 15% de minimis indirect cost rate. For grants applied for on or before October 1, 2024, the Organization utilized the 10% de minimis indirect cost rate.
The Organization has not provided any federal awards to subrecipients.