Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity ofYeshiva Gedolah Imrei Yosef D’Spinka, Inc.under programs of the federal government for the year ended August 31,2025. The information in thisSchedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(“Uniform Guidance”). Because the Schedulepresents only a selected portion of the operations ofYeshiva Gedolah Imrei Yosef D’Spinka, Inc.it is not intended to and does not present the financial position, changes in net assets, or cash flows ofYeshiva Gedolah Imrei Yosef D’Spinka, Inc.
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.Pass-through entity identifying numbers are presented where available.
Yeshiva Gedolah Imrei Yosef D’Spinka, Inc.has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
There were no payments made to subrecipients for federal awards received during the year ended August 31, 2025.