FAC Explorer

Audit 368187

FY End
2022-12-31
Total Expended
$3.00M
Findings
2
Programs
1
Organization: Tumo Foundation (TX)
Year: 2022 Accepted: 2025-10-07
Auditor: Orta & Choate PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1155789 2022-001 Material Weakness Yes J
1155790 2022-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.218 U.s. Department of Housing and Urban Development Community Development Block Grant ("cdbg") $3.00M Yes 2

Contacts

Name Title Type
XTPLNKNWRGX1 Elie Akilian Auditee
9727137129 Lori Orta Auditor
No contacts on file

Finding Details

Finding 2022-001
During our review of the accounting for the loan proceeds from the CDBG funds, it was determined that the Foundation incorrectly booked the loan proceeds received as revenue instead of loan payable.
Finding 2022-002
Per discussions with management, it was determined that the Foundation was unaware of the Single Audit filing requirement for Federal funds received in the Organization’s fiscal year in excess of $750,000.