Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes all awards administered by the Omaha Community Foundation and its supporting foundations (collectively, the Foundation) 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 Guidance Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Schedule has been prepared on the accrual basis of accounting. Because the Schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position or changes in net assets of the Foundation.
The Foundation has not elected to use a 15% de minimis cost rate provided by Uniform Guidance. Indirect costs were not charged to the Federal award program for the year ended December 31, 2025.
The accompanying Schedule includes expenditures for a loan program comprised of below market interest rate loans to affordable housing developments. At December 31, 2025, the outstanding loan balance was $10,884,634.
The Foundation did not make payments to subrecipients for the year ended December 31, 2025.