FAC Explorer

Audit 321907

FY End
2023-12-31
Total Expended
$750,000
Findings
2
Programs
1
Organization: Pioneer Works Art Foundation (NY)
Year: 2023 Accepted: 2024-09-27
Auditor: Lutz and Carr CPAS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
499136 2023-001 - - P
1075578 2023-001 - - P

Programs

ALN Program Spent Major Findings
84.215 Innovative Approaches to Literacy; Promise Neighborhoods; Full-Service Community Schools; and Congressionally Directed Spending for Elementary and Secondary Education Community Projects $750,000 Yes 1

Contacts

Name Title Type
Z5QNDUNC9NM9 Andrew Cortese Auditee
7185963001 Frederick Martens 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Pioneer Works Art Foundation does not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Pioneer Works Art 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 operations of Pioneer Works Art Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Pioneer Works Art 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Pioneer Works Art Foundation does not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. (2) Pioneer Works Art Foundation does not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
Finding: 2023-01: Written Policies and Procedures Criteria: The Organization is required to have written policies, procedures, and standards of conduct in accordance with 2 CFR 200, Subparts D and E (2 CFR sections 200.300 and 200.400, respectively). Condition: The Organization did not have written policies, procedures, and standards of conduct in accordance with 2 CFR 200, Subparts D and E for the year ended December 31, 2023. Effect: While the Organization did not have written policies, procedures, or standards of conduct in accordance with 2 CFR 200, Subparts D and E during the year ended December 31, 2023, we are not aware of any instances of noncompliance with respect to activities allowed or unallowed or allowable costs/cost principles. Cause: Management was not aware of the requirement under 2 CFR 200, Subparts D and E requiring the Organization to have written policies, procedures and standards of conduct. Recommendation: We recommend that management of the Organization adopt written policies, procedures and standards of conduct as required by 2 CFR 200, Subparts D and E. Response: Management accepts the recommendation and is working to develop an updated financial policies and procedures manual to meet Federal compliance requirements.
Finding 2023-001
Finding: 2023-01: Written Policies and Procedures Criteria: The Organization is required to have written policies, procedures, and standards of conduct in accordance with 2 CFR 200, Subparts D and E (2 CFR sections 200.300 and 200.400, respectively). Condition: The Organization did not have written policies, procedures, and standards of conduct in accordance with 2 CFR 200, Subparts D and E for the year ended December 31, 2023. Effect: While the Organization did not have written policies, procedures, or standards of conduct in accordance with 2 CFR 200, Subparts D and E during the year ended December 31, 2023, we are not aware of any instances of noncompliance with respect to activities allowed or unallowed or allowable costs/cost principles. Cause: Management was not aware of the requirement under 2 CFR 200, Subparts D and E requiring the Organization to have written policies, procedures and standards of conduct. Recommendation: We recommend that management of the Organization adopt written policies, procedures and standards of conduct as required by 2 CFR 200, Subparts D and E. Response: Management accepts the recommendation and is working to develop an updated financial policies and procedures manual to meet Federal compliance requirements.