Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of the Organization. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance 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.
The schedule is presented using the accrual basis of accounting, which is described in the note of Summary of Significant Accounting Policies to the Organization basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement.
The Organization did not provide any federal awards to subrecipients for the year ended December 31,2025.
The Organization has elected not to use the 15 percent de minimis indirect cost rate as allowed under theUniform Guidance.