FAC Explorer

Audit 346462

FY End
2024-09-30
Total Expended
$126.40M
Findings
2
Programs
20
Organization: World Relief Corporation of National Association of Evangelicals (MD)
Year: 2024 Accepted: 2025-03-17
Auditor: Tait Weller & Baker LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
528447 2024-001 Significant Deficiency - B
1104889 2024-001 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
19.510 U.s. Refugee Admissions Program $28.62M - 0
93.567 Refugee and Entrant Assistance State/replacement Designee Administered Programs $9.75M - 0
98.001 Usaid Foreign Assistance for Programs Overseas $776,850 - 0
93.323 Epidemiology and Laboratory Capacity for Infectious Diseases (elc) $187,175 - 0
97.010 Citizenship Education and Training $168,624 - 0
93.576 Refugee and Entrant Assistance State/replacement Designee Administered Programs $144,714 Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $136,943 - 0
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $82,701 - 0
84.002 Adult Education - Basic Grants to States $43,951 - 0
93.558 Temporary Assistance for Needy Families $37,832 - 0
97.008 Non-Profit Security Program $31,086 - 0
93.048 Special Programs for the Aging, Title Iv, and Title Ii, Discretionary Projects $31,010 - 0
93.575 Refugee and Entrant Assistance State/replacement Designee Administered Programs $23,297 - 0
93.569 Refugee and Entrant Assistance State/replacement Designee Administered Programs $20,353 - 0
21.019 Coronavirus Relief Fund $15,941 - 0
10.557 Wic Special Supplemental Nutrition Program for Women, Infants, and Children $8,684 - 0
94.006 Americorps State and National 94.006 $5,365 - 0
17.259 Wioa Youth Activities $-1 - 0
97.024 Emergency Food and Shelter National Board Program $-367 - 0
93.566 Refugee and Entrant Assistance State/replacement Designee Administered Programs $-10,369 Yes 0

Contacts

Name Title Type
C2TKJFL5CKP7 Adam Cox Auditee
7705087041 Ken Badasarian 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, where certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. 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. De Minimis Rate Used: N Rate Explanation: World Relief has a negotiated indirect cost rate; as such, World Relief did not elect to use the 10% de minimis indirect cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of World Relief under programs of the federal government for the year ended September 30, 2024. 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 World Relief, it is not intended to and does not present the financial position, changes in net assets, or cash flows of World Relief.
Title: Reconciliation to the financial statements 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, where certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. 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. De Minimis Rate Used: N Rate Explanation: World Relief has a negotiated indirect cost rate; as such, World Relief did not elect to use the 10% de minimis indirect cost rate. Government and other public grant revenue $152,985,187 less other public grants (26,576,409) less Reclassifications (12,954) = Federal award expenditures $126,395,824

Finding Details

Finding 2024-001
Condition: Rent expense for the 2025 fiscal year in one branch office was paid in advance, in order to receive a discount, and charged to the federal award rather than capitalized and amortized over the period of benefit. Criteria: Costs must be determined in accordance with generally accepted accounting principles (GAAP). Context: World Relief follows GAAP in financial reporting. Cause: As rent is routinely charged each month it is paid, management overlooked capitalizing the payment and amortizing it over the periods benefited. Effect: As this cost was a prepayment for future period benefit, it was not determined in accordance with generally accepted accounting principles as required under 2 CFR 200.403, Factors affecting allowability of costs.
Finding 2024-001
Condition: Rent expense for the 2025 fiscal year in one branch office was paid in advance, in order to receive a discount, and charged to the federal award rather than capitalized and amortized over the period of benefit. Criteria: Costs must be determined in accordance with generally accepted accounting principles (GAAP). Context: World Relief follows GAAP in financial reporting. Cause: As rent is routinely charged each month it is paid, management overlooked capitalizing the payment and amortizing it over the periods benefited. Effect: As this cost was a prepayment for future period benefit, it was not determined in accordance with generally accepted accounting principles as required under 2 CFR 200.403, Factors affecting allowability of costs.