Notes to SEFA
The Organization did not have any federal loans or loan guarantees outstanding during the year ended December 31, 2025.
During the year ended December 31, 2025, the Organization had no sub-recipients.
The Organization did not receive any noncash assistance or federally funded insurance during the year ended December 31, 2025.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the Organization does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization.
The Organization is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through are considered to be direct.