Notes to SEFA
federal award activity of the Organization under the programs of the federal government for the year ended December 31, 2025. The information in the SEFA 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 SEFA 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 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.
The Organization did not pass through any federal awards to subrecipients during the year ended December 31, 2025.
under the Uniform Guidance. Instead, the Organization uses an indirect cost rate as approved in accordance with the authority in the Uniform Guidance.