FAC Explorer

Audit 349925

FY End
2024-06-30
Total Expended
$1.52M
Findings
2
Programs
14
Organization: Baltimore Research and Education Foundation, Inc. (MD)
Year: 2024 Accepted: 2025-03-28
Auditor: K L Hoffman & Company PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
539384 2024-001 Significant Deficiency - P
1115826 2024-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
93.000 Leidos Biomedical, Inc./nih $821,341 Yes 0
12.000 Military Health System and Defenses Health Agency $183,134 Yes 0
93.000 Covid-19 International Network of Strategic Initiatives in Global Hiv Trials (insight); Accelerating Covid-19 Therapeutic Interventions and Vaccines (activ) $98,793 Yes 0
93.433 Acl National Institute on Disability, Independent Living, and Rehabilitation Research $98,268 Yes 0
93.000 Resource for the Collection of Human Tissue, Cells, Biofluids and Epidemiologic Profiles From Donors $63,302 Yes 0
12.750 Uniformed Services University Medical Research Projects $38,352 Yes 0
93.000 Covid-19 Outpatient Early Treatment Study (insight 012) $33,399 Yes 0
12.420 Military Medical Research and Development $31,677 Yes 0
93.397 Cancer Centers Support Grants $24,102 Yes 0
93.866 Aging Research $10,310 Yes 0
93.855 Covid-19 -- Allergy and Infectious Diseases Research $4,808 Yes 0
93.084 Prevention of Disease, Disability, and Death by Infectious Diseases $1,676 Yes 0
93.279 Drug Abuse and Addiction Research Programs $829 Yes 0
93.853 Extramural Research Programs in the Neurosciences and Neurological Disorders $538 Yes 0

Contacts

Name Title Type
F2GESED9PK47 Dr. Caroline Zink, Ph.d. Auditee
4106057130 Karen L. Hoffman, CPA Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization and is presented on the accrual basis of accounting. The information 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). Therefore, some amounts presented in this schedule may differ from amounts presented in the financial statements. The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for federal grants. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Condition: The data collection form and Single Audit reporting package was filed late with the Federal Audit Clearinghouse for fiscal year ending June 30, 2023. Criteria: The data collection form and Single Audit reporting package is due the earlier of nine (9) months after the organization's year end or thirty (30) days after delivery of the financial statements. Cause: Delays in obtaining sufficient information caused the form to be filed late. Effect: The late filing of the data collection form and Single Audit reporting package caused the subsequent audit to be a non low-risk audit. Recommendation: The data collection form and Single Audit reporting package should be filed the earlier of nine (9) months after the organization's year end or thirty (30) days after delivery of the financial statements.
Finding 2024-001
Condition: The data collection form and Single Audit reporting package was filed late with the Federal Audit Clearinghouse for fiscal year ending June 30, 2023. Criteria: The data collection form and Single Audit reporting package is due the earlier of nine (9) months after the organization's year end or thirty (30) days after delivery of the financial statements. Cause: Delays in obtaining sufficient information caused the form to be filed late. Effect: The late filing of the data collection form and Single Audit reporting package caused the subsequent audit to be a non low-risk audit. Recommendation: The data collection form and Single Audit reporting package should be filed the earlier of nine (9) months after the organization's year end or thirty (30) days after delivery of the financial statements.