FAC Explorer

Audit 45940

FY End
2022-06-30
Total Expended
$3.75M
Findings
0
Programs
9
Organization: The New-York Historical Society (NY)
Year: 2022 Accepted: 2023-03-26
Auditor: Kpmg LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
59.075 Shuttered Venue Operators Grant Program $1.65M Yes 0
45.130 Promotion of the Humanities_challenge Grants $620,000 - 0
45.164 Promotion of the Humanities_public Programs $309,460 - 0
45.301 Museums for America $173,503 - 0
45.163 Promotion of the Humanities_professional Development $131,466 - 0
45.149 Promotion of the Humanities_division of Preservation and Access $87,947 - 0
15.904 Historic Preservation Fund Grants-in-Aid $54,874 - 0
45.024 Promotion of the Arts_grants to Organizations and Individuals $10,144 - 0
45.161 Promotion of the Humanities_research $9,436 - 0

Contacts

Name Title Type
YXZTHHW1WYT6 Richard Shein Auditee
2124859245 Marie Hill Auditor
No contacts on file

Notes to SEFA

Title: National Endowment for the Humanities - Challenge Grants (ALN 45.130) Accounting Policies: (1) Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of The New-York Historical Society (the Society) under programs of the federal government for theyear ended June 30, 2022. The information in this Schedule is presented in accordance with therequirements 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 Schedulepresents only a selected portion of the operations of the Society, it is not intended to and does not presentthe financial position, changes in net assets, or cash flows of the Society.(2) Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. In instances where an indirect cost rate is applied, the Society has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Society did notpass-through any Federal awards to sub-recipients during the year ended June 30, 2022. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The Society received a grant for $525,954 in March 2009, of which $158,977 has been designated as restricted in perpetuity and included as part of the endowment fund created by the grant. In addition, the Society received a grant for an educational endowment of $620,000, which has been received and has been designated as restricted in perpetuity. These amounts are included on the accompanying schedule of expenditures of federal awards as Institute for Constitutional Studies and Renovation Project andAmerican History Education Program, respectively, and will be reported each year.