FAC Explorer

Audit 358091

FY End
2024-06-30
Total Expended
$4.16M
Findings
2
Programs
1
Organization: Federation of American Scientists (DC)
Year: 2024 Accepted: 2025-06-04
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
563872 2024-002 Significant Deficiency - P
1140314 2024-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
10.186 Regional Food Business Centers $4.16M Yes 1

Contacts

Name Title Type
KHMQUXDA2K33 Manizha Nabieva Auditee
2029338969 Jeri Fleming Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Federation of American Scientists under programs of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Federation of American Scientists, it is not intended to and does not present the financial position, functional expenses, changes in net assets, or cash flows of Federation of American Scientists. De Minimis Rate Used: N Rate Explanation: Federation of American Scientists has elected not to use the 10% de minimis 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 Federation of American Scientists under programs of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Federation of American Scientists, it is not intended to and does not present the financial position, functional expenses, changes in net assets, or cash flows of Federation of American Scientists.
Title: Summary of Significant Accounting Policies Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Federation of American Scientists under programs of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Federation of American Scientists, it is not intended to and does not present the financial position, functional expenses, changes in net assets, or cash flows of Federation of American Scientists. De Minimis Rate Used: N Rate Explanation: Federation of American Scientists has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. 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.
Title: Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Federation of American Scientists under programs of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Federation of American Scientists, it is not intended to and does not present the financial position, functional expenses, changes in net assets, or cash flows of Federation of American Scientists. De Minimis Rate Used: N Rate Explanation: Federation of American Scientists has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Federation of American Scientists has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-002
Finding 2024-002: Timely Submission of the Data Collection Form Agency and Award: United States Department of Agriculture: Regional Food Business Centers for Assistance Listing Number 10.186 Criteria: Under the Uniform Guidance, Section 200.512, Report Submission, the audit must be completed, and the data collection form must be submitted within the earlier of 30 days of the auditor’s report or nine months after the end of the audit period. Condition: FAS’ fiscal year 2024 data collection form was not submitted within nine months after the end of the audit period. Cause: The audit was not completed before the deadline due to the material weakness noted in Finding 2024-001 above. Effect: Non-timely electronic submission of federal reporting package represents noncompliance with regulations, which could have implications on federal funding. Context: FAS did not have a proper set of internal controls related to financial reporting in place to report timely. Questioned costs: None reported Repeat Finding: No Recommendation: We recommend FAS ensure its controls over timely electronic submission of the federal report package is effective. View of responsible officials and planned corrective actions: FAS agrees with the finding. See corrective action plan
Finding 2024-002
Finding 2024-002: Timely Submission of the Data Collection Form Agency and Award: United States Department of Agriculture: Regional Food Business Centers for Assistance Listing Number 10.186 Criteria: Under the Uniform Guidance, Section 200.512, Report Submission, the audit must be completed, and the data collection form must be submitted within the earlier of 30 days of the auditor’s report or nine months after the end of the audit period. Condition: FAS’ fiscal year 2024 data collection form was not submitted within nine months after the end of the audit period. Cause: The audit was not completed before the deadline due to the material weakness noted in Finding 2024-001 above. Effect: Non-timely electronic submission of federal reporting package represents noncompliance with regulations, which could have implications on federal funding. Context: FAS did not have a proper set of internal controls related to financial reporting in place to report timely. Questioned costs: None reported Repeat Finding: No Recommendation: We recommend FAS ensure its controls over timely electronic submission of the federal report package is effective. View of responsible officials and planned corrective actions: FAS agrees with the finding. See corrective action plan