Audit 408605

Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of The Just One Project (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 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 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The amount of noncash expenditures reported on the Schedule as indicated with an * is the value of the food commodities distributed by the Organization during the current year and priced as described in the notes to the financial statements in Note 1 subsection inventory. Indirect Cost Rate The Organization has elected to use the de minimis indirect cost rate allowed under the Uniform Guidance.