Notes to SEFA
The accompanying schedule of expenditures of federal awards (the SEFA) includes the federal award activity of Moonshot Missions, Inc. (Moonshot Missions) under 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 Moonshot Missions, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Moonshot Missions.
Expenditures reported on the SEFA 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.
Moonshot Missions has elected to use the de minimis indirect cost rate of 10% of modified total direct costs, as allowed under 2 CFR 200.414(f) of the Uniform Guidance.