Notes to SEFA
The schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Chef Ann Foundation 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 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). It is not intended to and does not present the financial position, change in net assets, or cash flows of Chef Ann Foundation.
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. Chef Ann Foundation has elected to use the 15-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following summarizes funds passed through to subrecipients for the year ended December 31, 2025: Federal Passed to Total Federal Expenditures Subrecipients Expenditures U.S. Department of Agriculture Child Nutrition Discretionary Grants Limited Availability $542,841 $1,401,771 $1,944,612
Chef Ann Foundation receives grants from other sources in addition to its federal awards. The following analysis reconciles expenditures in the accompanying schedule to contributions and grant revenue reflected in Chef Ann Foundation's financial statements for the year ended December 31, 2025: Operating Grants and Contributions: Federal revenue subject to Single Audit $ 2,402,615 Other grants and contributions 18,175,040 Total $20,577,655