FAC Explorer

Audit 359035

FY End
2024-12-31
Total Expended
$4.17M
Findings
0
Programs
8
Organization: American Institute of Chemical Engineers (NY)
Year: 2024 Accepted: 2025-06-17
Auditor: Cohnreznick LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
11.619 Arrangements for Interdisciplinary Research Infrastructure $1.73M Yes 0
47.074 Biological Sciences $185,940 Yes 0
12.300 Basic and Applied Scientific Research $104,841 Yes 0
47.041 Engineering $96,820 Yes 0
81.087 Renewable Energy Research and Development $51,468 Yes 0
81.049 Office of Science Financial Assistance Program $30,000 Yes 0
47.049 Mathematical and Physical Sciences $29,825 Yes 0
81.086 Conservation Research and Development $20,633 Yes 0

Contacts

Name Title Type
KLPNCLPDAS45 Barbara Valentine Auditee
6464951350 Joseph Arnone Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – BASIS OF PRESENTATION Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NOTE 3 – INDIRECT COST RATES De Minimis Rate Used: N Rate Explanation: AIChE uses indirect cost rate developed by independent contrator and approved by the DOE. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of American Institute of Chemical Engineers (“AIChE”) 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 AIChE, it is not intended to and does not present the financial position, changes in net assets or cash flows of AIChE.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NOTE 3 – INDIRECT COST RATES De Minimis Rate Used: N Rate Explanation: AIChE uses indirect cost rate developed by independent contrator and approved by the DOE. Expenditures reported on the Schedule are reported on the accrual basis of accounting except for amounts passed through to subrecipients which are reported when cash is disbursed. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement.
Title: NOTE 3 – INDIRECT COST RATES Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NOTE 3 – INDIRECT COST RATES De Minimis Rate Used: N Rate Explanation: AIChE uses indirect cost rate developed by independent contrator and approved by the DOE. AIChE has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.