Notes to SEFA
The Institute carried insurance coverage of up to $500,000 for employee dishonesty and forgery or alteration during the grant period.
The Institute did not serve as a pass-through to subrecipients during the year ended December 31, 2025.
See notes to SEFA for the table/chart.
Expenditures incurred by the Institute are subject to audit and possible disallowance by federal grantor agencies. Management believes that, if audited, any adjustment for disallowed expenses would be immaterial.
The Institute’s management has evaluated subsequent events through May 15, 2026, the date the report was available to be issued.