The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of TechnoServe, Inc. and Affiliates (TechnoServe) 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 selected portions of the operations of TechnoServe, it is not intended to and does not present the financial position, changes in net assets or cash flows of TechnoServe.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
TechnoServe has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance for awards issued prior to October 1, 2024, or the 15% de minimis cost rate allowed under the Uniform Guidance for awards issued on or after October 1, 2024.
Amounts to subrecipients shown separately in the Schedule are also a component of the federal expenditures selected. With respect to federal awards provided by TechnoServe to subrecipients, the federal awards are deemed to be expended by TechnoServe when the funds are advanced to subrecipients.
Under U.S. Public Law 480, Title II, the United States Department of Agriculture (USDA) has provided agricultural commodities to TechnoServe for the purpose of promoting food security and agricultural market development under the Food for Progress Program. During the year ended December 31, 2025, TechnoServe had five USDA Food for Progress awards active in the following countries: Benin, Ecuador, El Salvador, Guatemala, Nicaragua, Peru, Mozambique, Cote d’lvoire, Ghana, Nigeria, Ethiopia, Burundi and Honduras. The commodities granted to TechnoServe are sold as received to local agro-processing firms or other local buyers. The proceeds from the sales of donated commodities are used to finance TechnoServe’s development activities in the above-mentioned countries. At December 31, 2025, TechnoServe had $44,207,416 of funds on hand from such activities.