FAC Explorer

Audit 21419

FY End
2022-06-30
Total Expended
$86.19M
Findings
0
Programs
145
Organization: Florida Institute of Technology, Inc. (FL)
Year: 2022 Accepted: 2022-11-28
Auditor: Berman Hopkins Cpa's & Associates

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Direct Lending (dl) Awards $55.13M Yes 0
84.063 Pell Awards Fy21-Fy25 $6.64M Yes 0
84.425 Higher Education Emergency Relief Fund (heerf) E,f $6.53M Yes 0
64.028 Post-9/11 Veterans Educational Assistance $5.63M - 0
84.007 Fseog Grant $786,200 Yes 0
97.077 Cyber Identity and Behavioral Analytics Consortium (cibar) $577,048 - 0
97.077 Five Factor Model Corpora Development for Computational Psychology Research (crystal Forest - Amethyst Pine) $530,684 - 0
12.800 Multi-Domain, Multi-Sensor, Cyber-Physical Tactical Exploitation (m2cte) $515,929 - 0
84.033 Federal Work Student Program (fws) & Job Location and Development (jld) $499,795 Yes 0
47.070 Mri: Acquisition of A High Performance Gpu/cpu Cluster for Research and Innovation in Computational Sciences and Engineering $398,945 - 0
16.301 Fy20 Automatic Face Recognition Best Practices $347,625 - 0
93.191 Graduate Psychology Education Programs (gpep) $335,300 - 0
81.049 Experimental High Energy Physics Research $316,232 - 0
12.330 Inspiring Students to Pursue U.s. Navy Stem Careers Through Experiential Learning $306,251 - 0
12.598 Advanced Dsp for Cyber, Content Similarity and Beyond $298,023 - 0
43.012 Microgravity Test of Autonomous Multiple Cycle Farming System $249,830 - 0
12.330 Educational Approaches and Curriculum to Engage and Educate A More Diverse Cybersecurity Workforce $205,807 - 0
10.215 Development and Optimization of Mild Hydrothermal Preprocessing for High Ash Biomass Into Pelletized Biorefinery Feedstocks $202,928 - 0
43.001 Mapping Changes in Hydroclimatic Risk in High Mountain Asia (19-Hma19-0016) $170,343 - 0
20.108 Task 397: Measurements of Thunderstorm Electrical Parameters for Improvement of the Lightning Flight Commit Criteria (faa_coe_cst), Task 398: Human Input Systems for Commercial Space Transportation $162,965 - 0
47.050 Career: Toward Understanding Solar Wind Turbulence in the Inner Heliosphere $162,054 - 0
12.800 Trust Dynamics in Heterogenous Human-Agent Teams: Applying Multilevel and Unobtrusive Perspectives $151,949 - 0
93.837 Computer Assisted Coronary Artery Stent Interventions $149,239 - 0
20.108 Contunuation of Trajectory Energy Management System, Flight Demonstration for Aoa-Limiting Systems on Part 23 Aircraft $146,801 - 0
12.300 Advanced Non-Toxic Antifouling Coatings Research Test Site Facility $141,841 - 0
12.300 Transparent Af/fr Coatings Program: Candidate Field Testing and the Development of Active Solutions $132,907 - 0
43.001 Search for the Origin of Double Power-Law Energy Spectrum of Energetic Particles $131,546 - 0
47.050 Career: Atmospheric Electricity on Earth and Mars $130,706 - 0
12.300 Rhodium Porphyin Complexes As Catalysts for the Rapid Degradation of Opioids $129,438 - 0
59.043 Weventure Wbc Emergency Services Program Continuation $124,114 - 0
12.300 Using Ultraviolet Light for Improved Antifouling Performance on Ship Hulls & Niche Areas $119,967 - 0
20.110 Faa Center of Excellence Pegasus $116,662 - 0
43.001 Investigating Scale-Dependent Dynamic Alignment Laws in the Solar Wind-Primary $116,350 - 0
47.074 Collaborative Research: Are Amazonian and Andean Ecosystems Close to A Tipping Point? $114,266 - 0
99.RD Determine Effects of Oceanic Propagation on Lightning-Emitted Broadband and Vhf Signatures $109,612 - 0
12.431 Next Generation Teams and Organizational Subsystems Research $106,997 - 0
12.300 Remotely Operated Vehicle (rov) Deployed Underwater Attachment (sttr- Tri/austin) Phase II $106,937 - 0
20.RD Strength and Constructability of A Double Composite Steel Box Girder $103,658 - 0
47.050 Identifying Coral Reef "bright Spots" From the Global 2015-2017 Thermal-Stress Event $103,478 - 0
12.800 MacHine Intelligence System for Autonomous Feature Recognition and Trajectory Planning Around Non-Cooperative Resident Space Objects $102,436 - 0
93.959 Enantioselective Catalytic Chlorosilane Reactions $101,358 - 0
43.001 Prediction of Solar Energetic Particle Radiation Based on Measurements of Solar Eruption and Photospheric Magnetic Field $100,222 - 0
11.012 Secoora: Supporting Resilient Ecosystems, Communities and Economies $95,838 - 0
99.RD Vidora: Visual Dossiers for Recognizing and Identifying Humans at Altitude and Range $94,368 - 0
59.043 Weventure Wbc Core Grant 2021-22 $93,448 - 0
47.050 Characterization of Upward Leaders and the Attachment Process in Downward Cloud-to-Ground Lightning $89,138 - 0
11.460 Ffata: Accelerate the Exploitation of Satellite Observations to Improve Flooding and Inundation Monitoring and Forecasts $88,802 - 0
93.396 Regulatory Mechanisms Linking Hsf1 Protein Levels and Hsf1 Protein Activity to the Alternative Splicing Factor Sf3b1 $86,495 - 0
11.427 Application of Imta-Technology to Revive and Sustain Livelihood of Fishing Communities in Puerto Rico $83,525 - 0
10.310 Engineered Solutions for Prevention and Control of Eutrophication Using Novel Biosorbents $83,215 - 0
43.001 A System-Wide Study of Electromagnetic Ion Cyclotron Waves and Their Effects on Relativistic Electrons in Earth Magnetosphere 17-Mag_2-0045 $79,778 - 0
12.800 (durip-20) Probing Real-Time Spin Dynamics in Reactive Oxygen Species Biology by Pulsed Magnetic Resonance and Optical Detection (inactive) $79,096 - 0
43.001 A New Tool for Studying Jupiter's Clouds, Storms and Vortices - Fit $76,084 - 0
99.RD Caer Workshop "the Human Element in Autonomnous Cyber Security" $75,025 - 0
43.002 NASA Roa-Assuring Increasing Autonomous Systems with Non-Traditional Human-MacHine Roles $73,792 - 0
33.333 Cpb Community Service Grant 2016-2021 $72,639 - 0
47.050 Reu Site: Statistical Models with Applications to Geoscience $70,656 - 0
93.286 Increasing Clinical Access by Reducing Scan Time of Dynamic Nuclear Cardiac Imaging with Superior Diagnosis $70,269 - 0
47.076 Growing the Community College Pipeline for Careers in Civil, Chemical, and Ocean Engineering Through the Fits-Stem Program-Primary $69,342 - 0
12.800 Learning Expertise From Amc Planners (leap) $67,935 - 0
16.575 Family Learning Program 2021-2022 $66,902 - 0
43.002 Vision-Based Navigation for Formation Flight Onboard Iss (sttr Phase 2) $65,869 - 0
93.859 Modelling Gastric Mucus Layer Physiology $64,630 - 0
10.215 A Deep Learning Approach for Enhanced Detection of Nuclear Weapons Testing (sbir) Phase II $64,412 - 0
20.RD Design and Detailing of Anchorages for Externally Bonded Cfrp $60,747 - 0
12.300 Autonomous Hull Grooming Vehicle (sttr) $57,631 - 0
11.609 Wireless Sensor Network (wsn) System and Lidar Experiments for the Characterization of Strong Wind Loads on Non-Structural Components and Near-Surface Wind Profiles $56,927 - 0
20.108 Energy Management and Envelope Protection $56,570 - 0
43.012 Prediction of Solar Energetic Particle Radiation Timing and Dosage Using Physics-Guided MacHine Learning Algorithms with Remote Observations of the Solar Photosphere, Corona and Interplanetary Medium $56,085 - 0
20.RD Confinement Effect of Narrow Baseplates Or Reaction Area on Anchor Breakout, Part 2 $54,036 - 0
12.300 Understanding the Principles of Solid Shedding Surfaces $51,707 - 0
93.846 3d Printed Biomimetic Bioglass-Gradient Matrices for Acl Reconstruction Kishore $50,900 - 0
43.001 Determining the Radiation Level of Galactic Cosmic Rays and Solar Energetic Particles in the Heliospheric Magnetic Field Based on Magnetogram Measurements of the Solar Photosphere $45,372 - 0
43.001 Smoke on the Water: Lake-Based Calibration of Amazonian Fire Histories $44,108 - 0
47.041 Pfi-Tt: A Parallel Computing Engine for Simulation of Complex Multi-Scale Systems $42,570 - 0
33.RD Gdais Rasa 2020-2021 $41,726 - 0
14.RD 2020-2021 Community Development Block Grant (cdbg-Cv3) $41,726 - 0
43.001 Cloud Formation in Substellar Atmospheres $41,697 - 0
47.041 Collaborative Research: Nonlinear Coupling and Relaxation Mechanisms in Micro-Mechanics $40,804 - 0
81.049 Materials and Chemical Sciences Research for Direct Air Capture of Carbon Dioxide $40,662 - 0
93.958 Development of Light Triggered Molecular Tools Critical for Understanding the Brain's Network $39,599 - 0
47.041 Thermal Stress and Differential Recovery of Coral Reefs $38,966 - 0
20.108 Streamlined Export Control for Commercial Space Transportation $38,482 - 0
43.001 Light Curve Asymmetries in Eclipsing Binaries $36,587 - 0
59.043 Women's Business Center Sustainability Pilot Program - Melbourne 2020-2021 Funding $36,584 - 0
16.RD Radio Frequency, Wireless, and Cellular Technologies Training-Primary $36,217 - 0
43.001 Economic Impact of NASA in Florida Fy2021 $34,625 - 0
47.041 Natural Hazards Engineering Research Infrastructure: Cyberinfrastructure (designsafe) 2020-2025 $34,238 - 0
43.012 The 3c111 Jet: X-Ray Variability, Spectrum and Broadband Sed $34,113 - 0
43.001 Using Parker Solar Probe (psp) Observations to Test and Constrain Models of the Solar Wind and Solar-Wind Turbulence $33,432 - 0
12.300 A Multidisciplinary Approach to Internet-of-Things (iot) Cybersecurity Research to Develop the Research Capacity of Rotc Students $32,666 - 0
47.070 Collaborative Research: Near Term Forecast of Global Plant Distribution, Community Structure, and Ecosystem Function $32,264 - 0
66.RD Analyze the Use of Corrosion Protection Inside Enclosed Spaces of Large Diameter Monopile Structures $32,049 - 0
20.110 Task 378: Commercial Space Innovation Initiative Policy Research-Primary $30,634 - 0
47.050 Collaborative Research: Climate Change Mesoscale Oceanography and the Dynamics of Eastern Pacific Coral Reefs $29,973 - 0
47.049 Reversible Metastable-State Photoacids $28,816 - 0
11.439 Harmful Algal Toxin Diagnostic Capabilities in Support of Marine Mammal Stranding Response $27,737 - 0
93.173 The Development and Validation of A Novel Tool for the Assessment of Bulbar Dysfunction in Als $27,165 - 0
47.049 US Cms Upgrades for the High-Luminosity Large Hadron Collider $26,182 - 0
12.300 Implementation of Dual Stage Integrated Cyclone (dsic) Geometry Into Sea Chest Water Management System $26,077 - 0
43.RD Engineering Services - Ksc $25,414 - 0
12.910 Airwaves: Atmosphere-Ionosphere Responses to Wave Signals $23,827 - 0
43.001 Investigating the Space Time Correlation of Solar Wind Turbulence $22,099 - 0
47.049 Collaborative Research: Uncovering Nature's 100 Tev Particle Accelerators in the Large-Scale Jets of Quasars $20,607 - 0
12.800 Cleaning Tool Development and Researching Techniques for Quantifying the Impact of Cleaning on Follow-on Coating Performance $19,747 - 0
43.003 Iss Deployment and High-Altitude Descent Drone Landing Using Svgs $18,942 - 0
20.108 Electric Aircraft Trajectory Flight Test Data $17,691 - 0
12.300 Ipa: Richard Griffith (navy Sapro) $17,648 - 0
12.800 Path Planning and MacHine Intelligence for Collaborative Inspection of Non-Cooperative Space Objects $15,871 - 0
43.001 Understanding Quasar Jet Physics in the X-Rays $15,794 - 0
43.001 Saturn's Zonal Winds: Temporal and Vertical Variability Explored by Cassini Multi-Instrument Observations $15,558 - 0
12.300 Asbpa/usace US Coastal Research Program (cesu) $14,822 - 0
59.043 Women's Business Ownership Assistance - Cares Act (wbccovid-19 Response) $14,013 - 0
16.575 2020-2021 Family Learning Program (voca) $13,376 - 0
12.300 Exploring the Role of Topography and Land-Sea Contrast on the Propagation of the Mjo Across the Maritime Continent-Primary $13,273 - 0
43.001 Development of Large Area Gem Detectors with High Spatial Resolution But Low Channel Count.-Primary $13,066 - 0
20.110 Task 358: Regulatory Streamlining Workshop-Primary $12,874 - 0
47.050 Collaborative Research: P2c2 - Unravelling the Signals in Tropical Pacific Lake Archives: Towards Improved Holocene Hydroclimate Reconstructions $12,481 - 0
12.910 Deep Agent: A Framework for Information Spread and Evolution in Social Networks $12,120 - 0
99.RD Noninvasive, Head-Mounted Measures of Vestibular Function (sbir) $12,032 - 0
43.001 Roles of Stella Flares and Storms in Exoplanetary Atmospheric Losses and Evolution $11,885 - 0
12.800 Examination of Human-MacHine Team Dynamics and Trust in A Simulated Multi-Uav Mission $11,848 - 0
43.001 Graduate Student Support for Solar Wind Research and Numerical Simulations $10,060 - 0
11.439 Biotoxin Diagnostic Capabilities for Marine Mammal Stranding Response $9,738 - 0
20.108 Task 395: Small Launch Vehicle Sector (slvs): Industry Dynamics and Public Policy $7,914 - 0
12.800 Muninn Sttr Af20c-Tcs01 $7,628 - 0
43.RD Critical Incident Stress Management Team (cism) $7,270 - 0
43.001 Chandra General Observer Program, Cycle 18 - the 3c111 Jet: X-Ray Variability, Spectrum & Broadband Sed $6,718 - 0
12.300 Ipa: Nisha Quraishi (navy Sapro) $6,201 - 0
43.001 The Role of Coronal Shocks and Cross-Field Transport Processes Play in the Observation of Sep Events $6,191 - 0
43.012 Science Now with Hst/fgs: High Angular Resolution Survey of B Stars $5,616 - 0
12.300 Model Based Systems Engineering for Tactical Data Link Systems (sbir) $5,029 - 0
12.300 Ipa: Valerie Robbins-Roth (navy Sapro) $4,811 - 0
11.454 Intensive Practical Training of Women in Integrative Multi-Trophic Aquaculture: Towards A Sustained Mariculture Workforce in Puerto Rico $3,996 - 0
43.001 Simulating Deep Convective Storms and Active Cloud Formation in Jupiter's Fastest Eastward Jet $3,492 - 0
43.008 Dti Fellowship/investigating the O'Connell Effect in Kepler Eclipsing Binaries $3,104 - 0
43.001 Investigating the Solar Wind Dynamics, Interstellar, Pickup Ions, and Turbulence Throughout Space Based on 3d Time-Dependent Modeling and Multiple Spacecraft Observations $3,026 - 0
12.300 Scanning Tunneling Microscopy & Spectroscopy of Liquid Crystal Thin Films $2,945 - 0
66.484 Prevention and Control of Harmful Algal Blooms in St. Lucie Estuary by Low-Cost Sargassum-Derived Biochar $2,719 - 0
47.050 Rapid: Groundwater Resilience to Hydrologic Extremes and Climate Variability: the Case of Hurricane Dorian $2,004 - 0
47.049 Collaborative Research: Blood Clotting at the Extreme - Mathematical and Experimental Investigation of Platelet Deposition in Stenotic Arteries $1,945 - 0
47.050 Collaborative Research: Rapid/workshop- Antarctic Ecosystem Research Following Ice Shelf Collapse and Iceberg Calving Events $1,790 - 0
93.865 Signal Transduction During Fertilization-Primary (inactive) $1,114 - 0
47.041 Infews/t2: Organic Waste Lifecycles at the Interface of Food, Energy, Water Systems (owl-Fews) $558 - 0
12.300 Development of A Stem Education Program in Support of Naval Flight Test Engineering-Primary (inactive) $57 - 0

Contacts

Name Title Type
WNN6VH618X58 Wendy Murrell Auditee
3216747342 Iwonna Sornat Auditor
No contacts on file

Notes to SEFA

Title: PROGRAM CLUSTERS Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal awards and statefinancial assistance summarizes the expenditures incurred under all federal and state awards receivedby Florida Institute of Technology, Inc. (the University) for the year ended June 30, 2022. Forpurposes of this schedule, federal awards and state projects include all grants, contracts, loans, andloan guarantee agreements entered into directly between the University and agencies and departmentsof the federal and state government and federal and state awards passed through other agencies.Expenditures for federal and state awards programs are recognized on the accrual basis of accounting.The information on 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 Principlesand Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General;therefore, some amounts presented in this schedule may differ from amounts presented in, or used inthe preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Federal Uniform Guidance and the Florida State Single Audit Act define a cluster of programs as agrouping of closely related programs that share common compliance requirements. According to thisdefinition, we have determined the Student Financial Assistance Programs and Research andDevelopment Programs to be Federal clusters of programs and the Florida Student FinancialAssistance to be a State cluster of programs.
Title: LOANS OUTSTANDING Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal awards and statefinancial assistance summarizes the expenditures incurred under all federal and state awards receivedby Florida Institute of Technology, Inc. (the University) for the year ended June 30, 2022. Forpurposes of this schedule, federal awards and state projects include all grants, contracts, loans, andloan guarantee agreements entered into directly between the University and agencies and departmentsof the federal and state government and federal and state awards passed through other agencies.Expenditures for federal and state awards programs are recognized on the accrual basis of accounting.The information on 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 Principlesand Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General;therefore, some amounts presented in this schedule may differ from amounts presented in, or used inthe preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The University had the following loan balances due to the federal government at June 30, 2022:Cluster/Program Title Number OutstandingFederal Perkins Loan Program 84.038 2,648,587
Title: GUARANTEED STUDENT LOAN PROGRAMS Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal awards and statefinancial assistance summarizes the expenditures incurred under all federal and state awards receivedby Florida Institute of Technology, Inc. (the University) for the year ended June 30, 2022. Forpurposes of this schedule, federal awards and state projects include all grants, contracts, loans, andloan guarantee agreements entered into directly between the University and agencies and departmentsof the federal and state government and federal and state awards passed through other agencies.Expenditures for federal and state awards programs are recognized on the accrual basis of accounting.The information on 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 Principlesand Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General;therefore, some amounts presented in this schedule may differ from amounts presented in, or used inthe preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. During the year ended June 30, 2022, the University processed new loans under the followingGuaranteed Student Loan Programs:Loans toStudentsStafford Loans 40,338,782 $Parents' Loans for Undergraduate and Graduate Students 14,802,941Total Guaranteed Student Loan Program 55,141,723
Title: CONTINGENCY Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal awards and statefinancial assistance summarizes the expenditures incurred under all federal and state awards receivedby Florida Institute of Technology, Inc. (the University) for the year ended June 30, 2022. Forpurposes of this schedule, federal awards and state projects include all grants, contracts, loans, andloan guarantee agreements entered into directly between the University and agencies and departmentsof the federal and state government and federal and state awards passed through other agencies.Expenditures for federal and state awards programs are recognized on the accrual basis of accounting.The information on 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 Principlesand Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General;therefore, some amounts presented in this schedule may differ from amounts presented in, or used inthe preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The grant revenue amounts received are subject to audit and adjustment. If any expenditures aredisallowed by the grantor agencies as a result of such an audit, any claim for reimbursement to thegrantor agencies would become a liability of the University. In the opinion of management, all grantexpenditures are in compliance with the terms of the grant agreements and applicable federal andstate laws and regulations.
Title: INDIRECT COST RATE Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal awards and statefinancial assistance summarizes the expenditures incurred under all federal and state awards receivedby Florida Institute of Technology, Inc. (the University) for the year ended June 30, 2022. Forpurposes of this schedule, federal awards and state projects include all grants, contracts, loans, andloan guarantee agreements entered into directly between the University and agencies and departmentsof the federal and state government and federal and state awards passed through other agencies.Expenditures for federal and state awards programs are recognized on the accrual basis of accounting.The information on 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 Principlesand Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General;therefore, some amounts presented in this schedule may differ from amounts presented in, or used inthe preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Under the current federally negotiated rate agreement, the University uses a predetermined indirectcost rate using a modified total direct cost base. This rate is in effect until June 30, 2026. TheUniversity applies a 44.87% indirect cost rate or a 28.45% off campus rate on a modified total directcost basis to all federal grants, unless otherwise restricted by the agency.