Audit 370553

FY End

2024-12-31

Total Expended

$818,464

Findings

1

Programs

1

Organization: Reset to Success Foundation, Inc. (IL)

Year: 2024 Accepted: 2025-10-08

Auditor: Stopp & Vanhoy CPAS and Business Advisors LLC

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
1160183	2024-001	Material Weakness	Yes	L

ALN	Program	Spent	Major	Findings
17.285	Registered Apprenticeship	$818,464	Yes	1

Contacts

Name	Title	Type
HH4YXJVCHGP9	Sulbrena Day	Auditee
6182136539	Mollie Malone, Cpa, Cgfm	Auditor
No contacts on file

Notes to SEFA

The Organization employs members of the Board as qualified trained professionals to provide case management for student supportive services; other duties related to the responsibilities of their roles as Board members are unpaid. Salaries and wages paid to the Board members using Registered Apprenticeship grant funds totaled $83,520 for the year ended December 31, 2024. The Organization also employs family members of Board members and the Organization's Administrator. Salaries and wages paid to family members using Registered Apprenticeship grant funds totaled $373,152 for the year ended December 31, 2024.

The Organization has evaluated events subsequent to December 31, 2024 to assess the need for potential recognition or disclosure in the financial statements. Such events have been evaluated through September 30, 2025, the date the financial statements were available to be issued.

Finding Details

Finding 2024-001

Federal Grantor: U.S. Department of Labor; Pass-through Grantor: Not applicable.; Federal Assistance Listing No.: 17.285; Program Title: Registered Apprenticeship; Award Year: 2024; Compliance Requirement: Reporting; Known Questioned Costs: Not applicable. Criteria: As outlined in the Funding Opportunity Announcement, Funding Opportunity Number FOA-ETA-23.09 for the Registered Apprenticeship program, management is required to submit Quarterly Financial Reports utilizing Form ETA-9130. These reports are due by the 15th day of the second month after each calendar-year quarter. Federal expenditures must be reported on an accrual basis. If the recipient's accounting system is not on an accrual basis, the recipient must develop and report such accrual information through best estimates based on an analysis of documentation on hand. Condition: During our audit, we noted the Quarterly Financial Reports prepared for 2nd Quarter and 4th Quarter were prepared with errors due to timing of expenses requested for reimbursement. Cause: Management did not develop an adequate system for accounting and reporting of expenditures on the accrual basis as required by the instructions for Form ETA-9130. Effect: Reports prepared for 2nd Quarter and 4th Quarter contained inaccuracies. Recommendation: We recommend management develop an adequate system for accounting and reporting expenditures on the accrual basis of accounting as required by the instructions for Form ETA-9130. Additionally, we recommend management develop internal controls sufficient enough to ensure that the processes for accounting and reporting expenditures on an accrual basis of accounting are designed and operating effectively. Management's Response: With the input of our accounting firm, we will change our internal accounting and expenditure reporting procedures from cash to accrual basis, starting with the month of October 2025 reporting. This will be done in order to establish clear processes for tracking expenditures on the accrual basis, ensuring alignment with ETA-9130 reporting requirements. This will include training relevant staff.