Audit 6007

Title: Federal Audits Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Freedom House, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected potion 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. 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 allowed or limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Federal CFDA numbers are included in the schedule of expenditures of federal awards only for the grants and contracts for which information is available. When CFDA numbers are not available, the Federal agency prefix is included with the prime contract number. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The allowability of certain costs under government grants and contracts is subject to audit by the contracting agency. Certain indirect costs charged to grants and contracts are subject to revisions based on government audits of those costs. Management believes that contract costs are consistent with applicable government cost principles, and that costs subsequently disallowed, if any, upon audit by the government, beyond amounts already reserved by management, would not be material.