Notes to SEFA
The accompanying schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Lutheran Immigration and Refugee Service, Inc. d/b/a Global Refuge (“LIRS”). The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of LIRS, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of LIRS. Amounts provided to subrecipients shown separately on the schedule of expenditures of federal awards are also a component of the federal expenditures presented.
The Refugee Microenterprise Program (“ORR-MED Loans”) is administered directly by LIRS, and balances and transactions relating to this program are included in LIRS’s consolidated financial statements. The amount reported in the federal expenditures presented in the schedule of expenditures of federal awards of $128,333 represents loans outstanding at the beginning of the year as no new loans were issued during 2025. As of December 31, 2025, total loans receivable under this program amount to $69,166. The following is a reconciliation of federal expenditures reported on the Schedule to the government revenue recorded in the statement of activities: U.S. Government grant revenue $ 154,705,916 ORR-MED Loans 128,333 CFDI Fund net program income (67,370) Other (706) Total expenditures of federal awards $ 154,766,173