Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) reports Pathway, Inc. and Subsidiaries’ (the Organization, a not-for-profit organization) expenditures of federal awards under programs of the federal government for the year ended December 31, 2025. 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not represent the financial position, changes in net assets, or cash flows of the Organization for the year ended December 31, 2025.