FAC Explorer

Audit 370075

FY End
2024-12-31
Total Expended
$1.26M
Findings
1
Programs
1
Organization: Think Regeneration (IL)
Year: 2024 Accepted: 2025-09-30
Auditor: Odoni Partners LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1158151 2024-002 Material Weakness Yes AB

Programs

ALN Program Spent Major Findings
10.182 Pandemic Relief Activities: Local Food Purchase Agreements with States, Tribes, and Local Governments $1.26M Yes 1

Contacts

Name Title Type
LKAAF3EFHYH3 Ryan Slabaugh Auditee
9703895218 Dante Odoni Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of federal awards includes the federal grant activity of Think Regeneration and is presented on the accrual basis of accounting. The information in this 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 of Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in preparation of the basic financial statements.
The Organization did not provide federal awards to subrecipients during the year ended December 31, 2024.
The purpose of the Pandemic Relief Activities: Local Food Purchase Agreements with States, Tribes, and Local Governments is to 1. Provide an opportunity for State, Local and Tribal governments to strengthen their local and regional food system. 2. Help to support local and socially disadvantaged producers through building and expanding economic opportunities. 3. Establish and broaden partnerships with producers and the food distribution community to ensure distribution of fresh and nutritious foods in underserved communities.
The Organization did not receive any federal non-cash assistance, federal loans or federal insurance for the year ended December 31, 2024. The Organization has no outstanding loans or loan guarantees with continuing compliance requirements.
The Organization did not elect to use the de minimis rate of 10 percent for the year ended December 31, 2024.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.

Finding Details

Finding 2024-002
Significant Deficiency 2024-002 Pandemic Relief Activities: Local Food Purchase Agreements with States, Tribes, and Local Governments – Allowable Cost and Cost Principles Information on Federal Program: U.S. Department of Agriculture (Federal Assistance Listing Number 10.182). Criteria: CFR Section 200.302 stipulates that a non-Federal entity must use its own written procedures for determining the allowability of costs in accordance with Subpart E-Cost Principles of this part and the terms and conditions of the Federal award. Statement of Condition: During our discussions with management, we noted that the Organization does not have evidence of review of expenses charged to the grant. Statement of Cause: The Organization did not review compliance requirements related to allowable cost and cost principles outlined in 2 CFR Section 200.302. Statement of Effect: The Organization is not in compliance with 2 CFR Section 200.302. The Organization does not have evidence of review and is therefore not performing required procedures that would be standard for all purchases charged to the program. Questioned Costs: None. Perspective Information: As part of the required allowable cost testing, inquiries are made of the Organization’s management as to any internal control policies that the Organization has. Recommendation: We recommend that the Organization review the requirements of 2 CFR Section 200.302 to follow their internal control policies. Views of responsible officials and planned corrective actions: Think Regeneration, NFP will develop and implement a written procurement policy in accordance with CFR Section 200.302. We will have this in place as soon as possible.