Title: Basis of Presentation
Accounting Policies: The OrganizationWe Care, Inc. (the Organization), a Texas nonprofit corporation, was incorporated on December 22, 1994, to provide individuals and families in the Houston community the opportunity for better lives through counseling, outreach, training, and crisis intervention programs. The Organization is also a sponsoring entity to day care centers providing nutritiousmeals to eligible children in non-residential day care centers under the Child and Adult CareFood Program (CACFP).CACFP is federally funded through the United States Department of Agriculture (USDA) and is managed in the State of Texas by the Texas Department of Agriculture (TDA). As a sponsoring entity, the Organization assumes administrative and financial responsibility for CACFP operations in day care centers under its sponsorship.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal award activities of the Organization under CACFP for the year ended December 31,2022. 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 has been presented in the format prescribed by the Uniform Guidance, the Schedule is not intended to and does not present the Organizations financial position, changes in net assets or cash flows as of and for the year ended December 31, 2022.
Title: Summary of Significant Accounting Policies
Accounting Policies: The OrganizationWe Care, Inc. (the Organization), a Texas nonprofit corporation, was incorporated on December 22, 1994, to provide individuals and families in the Houston community the opportunity for better lives through counseling, outreach, training, and crisis intervention programs. The Organization is also a sponsoring entity to day care centers providing nutritiousmeals to eligible children in non-residential day care centers under the Child and Adult CareFood Program (CACFP).CACFP is federally funded through the United States Department of Agriculture (USDA) and is managed in the State of Texas by the Texas Department of Agriculture (TDA). As a sponsoring entity, the Organization assumes administrative and financial responsibility for CACFP operations in day care centers under its sponsorship.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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.
Title: Federal Funds Passed-through to Sub-recipients
Accounting Policies: The OrganizationWe Care, Inc. (the Organization), a Texas nonprofit corporation, was incorporated on December 22, 1994, to provide individuals and families in the Houston community the opportunity for better lives through counseling, outreach, training, and crisis intervention programs. The Organization is also a sponsoring entity to day care centers providing nutritiousmeals to eligible children in non-residential day care centers under the Child and Adult CareFood Program (CACFP).CACFP is federally funded through the United States Department of Agriculture (USDA) and is managed in the State of Texas by the Texas Department of Agriculture (TDA). As a sponsoring entity, the Organization assumes administrative and financial responsibility for CACFP operations in day care centers under its sponsorship.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
These represent a portion of the total funds received from USDA that the Organization, as a sponsoring entity, disbursed to day care centers under its sponsorship during the year ended December 31, 2022. The Organization disbursed approximately $847,645 to day care centers in fiscal year ended December 31, 2022.
Title: Contingencies
Accounting Policies: The OrganizationWe Care, Inc. (the Organization), a Texas nonprofit corporation, was incorporated on December 22, 1994, to provide individuals and families in the Houston community the opportunity for better lives through counseling, outreach, training, and crisis intervention programs. The Organization is also a sponsoring entity to day care centers providing nutritiousmeals to eligible children in non-residential day care centers under the Child and Adult CareFood Program (CACFP).CACFP is federally funded through the United States Department of Agriculture (USDA) and is managed in the State of Texas by the Texas Department of Agriculture (TDA). As a sponsoring entity, the Organization assumes administrative and financial responsibility for CACFP operations in day care centers under its sponsorship.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The grant from USDA requires fulfilment of certain terms and conditions as set forth in the grant contracts and are subject to reviews and audits by USDA and/or TDA during and after the duration of the contract. Such reviews and audits could result in the discovery of unallowable activities and unallowable cost. Consequently, USDA and TDA, may at their discretion, request reimbursement for expenses or return of funds as a result of noncompliance by the Organization with contract terms and program regulations and requirements. Management believes that the Organization is in substantial compliance with program provisions and requirements and that disallowed costs, if any, will not be material to the amounts and disclosures in the Schedule.
Title: Subsequent Events
Accounting Policies: The OrganizationWe Care, Inc. (the Organization), a Texas nonprofit corporation, was incorporated on December 22, 1994, to provide individuals and families in the Houston community the opportunity for better lives through counseling, outreach, training, and crisis intervention programs. The Organization is also a sponsoring entity to day care centers providing nutritiousmeals to eligible children in non-residential day care centers under the Child and Adult CareFood Program (CACFP).CACFP is federally funded through the United States Department of Agriculture (USDA) and is managed in the State of Texas by the Texas Department of Agriculture (TDA). As a sponsoring entity, the Organization assumes administrative and financial responsibility for CACFP operations in day care centers under its sponsorship.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Management evaluated subsequent events through September 29, 2023, which is the date thefinancial statement, comprised of the Schedule and related notes, was available to be issued, and concluded that no subsequent event occurred that would require recognition or disclosure in the financial statement.