Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity (including indirect cost recovery amounts) of Save the Children Federation, Inc. and related entities (the Organization), and is prepared on the accrual basis of accounting. The information in the 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). Program income is recorded in the Schedule when expended. Negative amounts listed on the Schedule represent adjustments to amounts included on prior years’ Schedules. Assistance Listing Numbers (ALN) are provided when available.
Agricultural and other commodities are recorded at an ascribed amount representing the fair value determined by the Commodity Credit Corporation (as an agency of the U.S. government). Donated freight is recorded based on the carrier’s bill of lading. The value of nonmonetary assistance received for the year ended December 31, 2025 was approximately $1 million.
Save the Children Federation, Inc. (SCUS) has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance. In connection with SCUS’s ongoing relationship with the United States Agency for International Development and the regulatory provision for its negotiated indirect cost rate agreement (NICRA), SCUS has been involved in finalizing provisional rates each year. As of December 31, 2025, SCUS had finalized rates through fiscal year 2023, and provisional rates for fiscal years 2024 through 2026 until adjusted. Provisional rates provided by the government are charged to the federal awards and adjusted in the period when the final rate is approved. Related entity SCUS Head Start Programs, Inc. (Head Start) has elected to use the de minimis indirect cost rate and other specific programs follow statutory exclusions on the use of NICRA.