Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant of the Community Coordinated Care for Children, Inc. and The 4C Foundation, Inc. (collectively, the “Organization”) 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 the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers (contract or grant number) are presented where available.
The Organization has received support from government agencies, under grant contracts, which have match requirements. Management of the Organization has determined that the Organization has met the match requirement or received a waiver from the match requirement of their grant contracts as of December 31, 2025. Volunteer services of $467,666, $500,986, $168,411, and $383,936, were provided to the Head Start, Early Head Start, Early Head Start Child Care Partnership, and Early Head Start Expansion programs respectively, and are used to satisfy match requirements but are not included in the combined financial statements because they do not meet the criteria for recognition.
The Organization has elected to not use the 15% de minimis indirect cost rate for its federal programs for the year ended December 31, 2025. The indirect cost rates used on the Organization’s federal programs are determined by the relevant federal agency.