FAC Explorer

Audit 319357

FY End
2023-08-31
Total Expended
$1.13M
Findings
2
Programs
2
Organization: America Israel of America INC (NY)
Year: 2023 Accepted: 2024-09-11
Auditor: Hirsch Oelbaum Bram Hanover & Lisker CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
496438 2023-001 - - L
1072880 2023-001 - - L

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.00M Yes 1
97.024 Emergency Food and Shelter National Board Program $126,852 - 0

Contacts

Name Title Type
JHUFUADKC389 David Thaler Auditee
2127979000 Eli Oelbaum, CPA Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: The accompanying schedule of expenditures of federal awards include the federal grant activity of Agudath Israel of Inc. and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. As the schedule presents only a selected portion of the operations of Agudath Israel of America Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Agudath Israel of America Inc. De Minimis Rate Used: N Rate Explanation: Actual administrative costs were used The accompanying schedule of expenditures of federal awards include the federal grant activity of Agudath Israel of Inc. and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. As the schedule presents only a selected portion of the operations of Agudath Israel of America Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Agudath Israel of America Inc.
Title: INDIRECT COSTS Accounting Policies: The accompanying schedule of expenditures of federal awards include the federal grant activity of Agudath Israel of Inc. and are presented on the accrual basis of accounting. The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. As the schedule presents only a selected portion of the operations of Agudath Israel of America Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Agudath Israel of America Inc. De Minimis Rate Used: N Rate Explanation: Actual administrative costs were used The Organization has not elected to use the 10% de minimis indirect cost rate.

Finding Details

Finding 2023-001
The annual audits performed under Federal Uniform Guidance standards were not timely submitted. This is a residual effect of the prior year finding, essentially not a repeat finding.
Finding 2023-001
The annual audits performed under Federal Uniform Guidance standards were not timely submitted. This is a residual effect of the prior year finding, essentially not a repeat finding.