FAC Explorer

Audit 316238

FY End
2023-12-31
Total Expended
$3.69M
Findings
2
Programs
3
Organization: National Restaurant Association Educational Foundation (DC)
Year: 2023 Accepted: 2024-07-30
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
479698 2023-001 Significant Deficiency - L
1056140 2023-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
17.285 Registered Apprenticeship $1.63M Yes 1
17.270 Reentry Employment Opportunities $1.18M - 0
16.812 Second Chance Act Reentry Initiative $155,972 - 0

Contacts

Name Title Type
K16BJNWWMYV7 Jill Noble Auditee
3126515778 William J O'Brien Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the National Restaurant Association Educational Foundation (the Foundation) under programs of the federal government for the year ended December 31, 2023. The information in this 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 presents only a selected portion of the activities of the Foundation, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Foundation.
Title: Summary of Significant Accounting Policies Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. 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: Indirect Cost Rate Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
Finding 2023-001—Late Reporting Submission Repeat Finding: No Federal Program Title—U.S. Department of Labor Registered Apprenticeship 17.285 Condition and Context The Foundation did not submit quarterly reports within the required time frame (four out of four quarterly reports tested). The first quarterly report covered the period from January 1 through March 31, 2023, and was due on May 15, 2023; the Foundation submitted the report on May 16, 2023. The second quarterly report covered the period from April 1 through June 30, 2023 and was due on August 14, 2023; the Foundation submitted the report on August 15, 2023. The third quarterly report covered the period from July 1 through September 30, 2023, and was due on November 14, 2023; the Foundation submitted the report on November 16, 2023. The fourth quarterly report covered the period from October 1 through December 31, 2023, and was due on February 14, 2024; the Foundation submitted the report on February 15, 2024. Criteria The Department of Labor requires the ETA-9130 report to be submitted on a quarterly basis by specific dates. 2 CFR Section 200.303 requires entities receiving federal awards to establish and maintain internal controls deigned to reasonably ensure compliance with federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure the timely and accurate posting of reports. Questioned Costs There were no questioned costs with respect to this finding. Cause The Foundation did not have effective controls in place to ensure reports were submitted timely. Reports were reviewed prior to submission but were not timely submitted. Effect The untimely submission of reports is not compliant with the requirements of the grant award and could impact future funding. Recommendation We recommend the Foundation implement controls to ensure required reports are submitted timely. Views of Responsible Officials We agree with this finding. See corrective action plan.
Finding 2023-001
Finding 2023-001—Late Reporting Submission Repeat Finding: No Federal Program Title—U.S. Department of Labor Registered Apprenticeship 17.285 Condition and Context The Foundation did not submit quarterly reports within the required time frame (four out of four quarterly reports tested). The first quarterly report covered the period from January 1 through March 31, 2023, and was due on May 15, 2023; the Foundation submitted the report on May 16, 2023. The second quarterly report covered the period from April 1 through June 30, 2023 and was due on August 14, 2023; the Foundation submitted the report on August 15, 2023. The third quarterly report covered the period from July 1 through September 30, 2023, and was due on November 14, 2023; the Foundation submitted the report on November 16, 2023. The fourth quarterly report covered the period from October 1 through December 31, 2023, and was due on February 14, 2024; the Foundation submitted the report on February 15, 2024. Criteria The Department of Labor requires the ETA-9130 report to be submitted on a quarterly basis by specific dates. 2 CFR Section 200.303 requires entities receiving federal awards to establish and maintain internal controls deigned to reasonably ensure compliance with federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure the timely and accurate posting of reports. Questioned Costs There were no questioned costs with respect to this finding. Cause The Foundation did not have effective controls in place to ensure reports were submitted timely. Reports were reviewed prior to submission but were not timely submitted. Effect The untimely submission of reports is not compliant with the requirements of the grant award and could impact future funding. Recommendation We recommend the Foundation implement controls to ensure required reports are submitted timely. Views of Responsible Officials We agree with this finding. See corrective action plan.