Audit 375042

FY End
2025-06-30
Total Expended
$4.95M
Findings
0
Programs
8
Organization: New Foundations Charter School (PA)
Year: 2025 Accepted: 2025-12-16
Auditor: MAILLIE LLP

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
UF9LBH491TG1 Sam Mercanti Auditee
8565051300 Michael J. Gentile Auditor
No contacts on file

Notes to SEFA

The federal programs as listed in the schedule of expenditures of federal awards are accounted for by the School in the General Fund for U.S. Department of Education and U.S. Department of Treasury programs and in the Food Service Fund for U.S. Department of Agriculture programs.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note A to the School’s basic financial statements.
Donated foods were valued according to cost estimates provided by the U.S. Department of Agriculture.
U.S. Department of Education - Funds passed through the Pennsylvania Department of Education under Title I Grants to Local Educational Agencies are used primarily to provide education to economically disadvantaged children. Funds received under other grants are used to support instructional programs. Funds passed through the School District of Philadelphia under Special Education Grants to States are used to provide special education and related services to all children with disabilities. U.S. Department of Agriculture - Funds passed through the Pennsylvania Departments of Education and Agriculture are used to provide nutritional meals to economically disadvantaged children. U.S. Department of Treasury - Funds passed through the Pennsylvania Commission on Crime and Delinquency are used to provide support services to the School’s children.