Audit 376700

FY End
2025-06-30
Total Expended
$50.95M
Findings
0
Programs
6
Organization: William Penn University (IA)
Year: 2025 Accepted: 2025-12-19

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $38.38M Yes 0
84.268 FEDERAL DIRECT STUDENT LOANS $7.79M Yes 0
84.063 FEDERAL PELL GRANT PROGRAM $4.29M Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $182,976 Yes 0
84.038 Federal Perkins Loan Program, beginning loan balance $166,071 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $136,825 Yes 0

Contacts

Name Title Type
XL2LT5DKJCY1 Bonnie Johnson Auditee
6416731001 Dan Montgomery Auditor
No contacts on file

Notes to SEFA

Information on student loans, by program, is presented below for the year ended June 30, 2025: Loans Disbursed Federal Direct Loan Program $ 7,788,382 Loans Outstanding Federal Perkins Loans, net of allowance of $46,018 $ 138,053 The University is responsible only for the performance of certain administrative duties with respect to the Federal Direct Loan Program, and accordingly, loans under this program are not included in the University’s financial statements.
The U.S. Department of Agriculture Community Facilities loan balances for the year ended June 30, 2025 equaled $37,368,618.