Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Knowledge Quest, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
The accompanying Schedule of Expenditures of Federal Awards covers the fiscal year ended June 30, 2025.
During the year ended June 30, 2025, the Organization did not elect to use the 10% de minimis cost rate
The Organization did not expend federal awards related to loans or loan guarantees during the year ended June 30, 2025. The Organization had no loans outstanding from federal awards at the year ended June 30, 2025.
The Organization has no federally funded insurance.
The Organization did not receive any federal noncash assistance for the year ended June 30, 2025.