FAC Explorer

Audit 356289

FY End
2024-12-31
Total Expended
$2.47M
Findings
2
Programs
1
Organization: Innovate Washington Foundation Dba Ignite Northwest (WA)
Year: 2024 Accepted: 2025-05-14
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
560394 2024-001 Significant Deficiency - B
1136836 2024-001 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
11.307 Economic Adjustment Assistance $2.47M Yes 1

Contacts

Name Title Type
JS1PX3T7HBC6 April Stoltz Auditee
5099819228 Jaclyne Hawley 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: IWF has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Innovate Washington Foundation dba: Ignite Northwest (IWF) under programs of the federal government for the year ended December 31, 2024. The information in the 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 IWF, it is not intended to and does not present the financial position, changes in net assets, or cash flows of IWF.

Finding Details

Finding 2024-001
During our testing of allowable costs, we discovered that one of the 14 payroll costs tested had an incorrect allocation. CLA determined this to be an isolated incident after review of additional pay periods and discussion with IWF.
Finding 2024-001
During our testing of allowable costs, we discovered that one of the 14 payroll costs tested had an incorrect allocation. CLA determined this to be an isolated incident after review of additional pay periods and discussion with IWF.