FAC Explorer

Audit 381505

FY End
2025-06-30
Total Expended
$93.78M
Findings
0
Programs
94
Organization: Florida Institute of Technology, Inc. (FL)
Year: 2025 Accepted: 2026-01-14
Auditor: BERMAN HOPKINS WRIGHT & LAHAM CPAS AND ASSOCIATES

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $67.21M Yes 0
84.063 FEDERAL PELL GRANT PROGRAM $8.31M Yes 0
64.028 POST-9/11 VETERANS EDUCATIONAL ASSISTANCE $6.11M Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $826,109 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $703,346 Yes 0
47.083 INTEGRATIVE ACTIVITIES $448,383 Yes 0
16.301 LAW ENFORCEMENT ASSISTANCE FBI CRIME LABORATORY SUPPORT $419,324 Yes 0
12.U21 Army Research Institute (ARI) $374,241 Yes 0
12.U04 Department of Defense - Air Force Research Lab (AFRL) $360,155 Yes 0
43.012 SPACE TECHNOLOGY $333,171 Yes 0
81.049 OFFICE OF SCIENCE FINANCIAL ASSISTANCE PROGRAM $227,270 Yes 0
11.431 CLIMATE AND ATMOSPHERIC RESEARCH $225,860 Yes 0
16.U26 U.S. Central Intelligence Agency (CIA) $176,594 Yes 0
12.U16 Creare LLC $160,724 Yes 0
12.800 AIR FORCE DEFENSE RESEARCH SCIENCES PROGRAM $159,398 Yes 0
10.310 AGRICULTURE AND FOOD RESEARCH INITIATIVE (AFRI) $128,097 Yes 0
11.478 CENTER FOR SPONSORED COASTAL OCEAN RESEARCH COASTAL OCEAN PROGRAM $107,885 Yes 0
59.043 WOMEN'S BUSINESS OWNERSHIP ASSISTANCE $106,834 Yes 0
43.U30 SCIENCE $104,582 Yes 0
12.U17 DCS Corporation $98,847 Yes 0
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $87,712 Yes 0
93.242 MENTAL HEALTH RESEARCH GRANTS $87,464 Yes 0
47.070 COMPUTER AND INFORMATION SCIENCE AND ENGINEERING $84,667 Yes 0
47.049 MATHEMATICAL AND PHYSICAL SCIENCES $83,657 Yes 0
12.U13 Maryland Procurement Office (MPO) $83,142 Yes 0
15.628 MULTISTATE CONSERVATION GRANT $82,703 Yes 0
12.330 SCIENCE, TECHNOLOGY, ENGINEERING & MATHEMATICS (STEM) EDUCATION, OUTREACH AND WORKFORCE PROGRAM $80,866 Yes 0
66.484 GEOGRAPHIC PROGRAMS - SOUTH FLORIDA GEOGRAPHIC INITIATIVES PROGRAM $80,325 Yes 0
12.U19 Naval Air Warfare Center Training Systems Division (NAWCTSD) $79,603 Yes 0
12.U20 US Special Operations Command (USSOCOM) $78,118 Yes 0
93.286 DISCOVERY AND APPLIED RESEARCH FOR TECHNOLOGICAL INNOVATIONS TO IMPROVE HUMAN HEALTH $75,245 Yes 0
43.U33 Analytical Mechanics Associates (AMA) $74,809 Yes 0
81.U37 UT-Battelle $74,119 Yes 0
93.846 ARTHRITIS, MUSCULOSKELETAL AND SKIN DISEASES RESEARCH $72,500 Yes 0
12.U08 Department of Defense - Office of Naval Research (ONR) $71,021 Yes 0
47.075 SOCIAL, BEHAVIORAL, AND ECONOMIC SCIENCES $70,388 Yes 0
11.012 INTEGRATED OCEAN OBSERVING SYSTEM (IOOS) $69,850 Yes 0
20.U28 HIGHWAY RESEARCH AND DEVELOPMENT PROGRAM $67,890 Yes 0
11.427 FISHERIES DEVELOPMENT AND UTILIZATION RESEARCH AND DEVELOPMENT GRANTS AND COOPERATIVE AGREEMENTS PROGRAM $65,787 Yes 0
11.U02 Corporation for Public Broadcasting (CPB) $64,921 Yes 0
93.859 BIOMEDICAL RESEARCH AND RESEARCH TRAINING $64,882 Yes 0
11.417 SEA GRANT SUPPORT $64,682 Yes 0
12.U22 Defense Advanced Research Projects Agency (DARPA) $61,549 Yes 0
11.439 MARINE MAMMAL DATA PROGRAM $53,469 Yes 0
93.865 CHILD HEALTH AND HUMAN DEVELOPMENT EXTRAMURAL RESEARCH $48,343 Yes 0
43.009 MISSION SUPPORT $43,144 Yes 0
84.U41 Florida Department of Education (FDoEd) $41,510 Yes 0
43.U31 SCIENCE $41,144 Yes 0
93.958 BLOCK GRANTS FOR COMMUNITY MENTAL HEALTH SERVICES $40,593 Yes 0
93.847 DIABETES, DIGESTIVE, AND KIDNEY DISEASES EXTRAMURAL RESEARCH $38,142 Yes 0
47.074 BIOLOGICAL SCIENCES $38,101 Yes 0
47.050 GEOSCIENCES $34,666 Yes 0
12.U23 Defense Advanced Research Projects Agency (DARPA) $33,974 Yes 0
12.U15 Defense Threat Reduction Agency (DTRA) $33,337 Yes 0
43.U34 Analytical Mechanics Associates (AMA) $31,780 Yes 0
12.U12 Patrick Air Force Base (PAFB) $31,710 Yes 0
20.108 AVIATION RESEARCH GRANTS $30,520 Yes 0
59.U39 Small Business Administration $28,204 Yes 0
12.U09 Naval Surface Warfare Center Dahlgren Division (NSWCDD) $27,863 Yes 0
10.215 SUSTAINABLE AGRICULTURE RESEARCH AND EDUCATION $27,500 Yes 0
12.U06 Department of Defense - Office of Naval Research (ONR) $25,616 Yes 0
20.U27 HIGHWAY RESEARCH AND DEVELOPMENT PROGRAM $25,478 Yes 0
43.U32 A.I. Solutions, Inc. $23,676 Yes 0
16.U25 Federal Bureau of Investigation (FBI) $22,849 Yes 0
47.041 ENGINEERING $20,144 Yes 0
81.U38 JSA, LLC/Jefferson Lab $19,344 Yes 0
84.U40 Florida Department of Education (FDoEd) $19,045 Yes 0
11.U01 Corporation for Public Broadcasting (CPB) $18,728 Yes 0
11.454 UNALLIED MANAGEMENT PROJECTS $18,286 Yes 0
93.853 EXTRAMURAL RESEARCH PROGRAMS IN THE NEUROSCIENCES AND NEUROLOGICAL DISORDERS $17,242 Yes 0
20.U29 HIGHWAY RESEARCH AND DEVELOPMENT PROGRAM $16,466 Yes 0
66.456 NATIONAL ESTUARY PROGRAM $16,284 Yes 0
12.630 BASIC, APPLIED, AND ADVANCED RESEARCH IN SCIENCE AND ENGINEERING $15,999 Yes 0
12.U24 Brookhaven National Laboratory (BNL) $15,498 Yes 0
43.U35 The Boeing Company $15,345 Yes 0
12.300 BASIC AND APPLIED SCIENTIFIC RESEARCH $11,250 Yes 0
12.U03 Department of Defense - Air Force Research Lab (AFRL) $10,992 Yes 0
10.216 1890 INSTITUTION CAPACITY BUILDING GRANTS $9,398 Yes 0
12.U11 TRI Austin, Inc. $8,736 Yes 0
15.945 COOPERATIVE RESEARCH AND TRAINING PROGRAMS – RESOURCES OF THE NATIONAL PARK SYSTEM $8,664 Yes 0
43.001 SCIENCE $8,584 Yes 0
12.U18 JSA, LLC/Jefferson Lab $8,410 Yes 0
43.003 EXPLORATION $8,079 Yes 0
12.U05 Department of Defense - Office of Naval Research (ONR) $7,799 Yes 0
93.959 BLOCK GRANTS FOR PREVENTION AND TREATMENT OF SUBSTANCE ABUSE $7,459 Yes 0
12.U07 Department of Defense - Office of Naval Research (ONR) $7,389 Yes 0
45.149 PROMOTION OF THE HUMANITIES DIVISION OF PRESERVATION AND ACCESS $6,954 Yes 0
12.U10 Naval Surface Warfare Center Dahlgren Division (NSWCDD) $5,577 Yes 0
66.U36 IRL Council $3,315 Yes 0
20.200 HIGHWAY RESEARCH AND DEVELOPMENT PROGRAM $2,629 Yes 0
20.109 AIR TRANSPORTATION CENTERS OF EXCELLENCE $2,612 Yes 0
43.008 OFFICE OF STEM ENGAGEMENT (OSTEM) $1,506 Yes 0
12.910 RESEARCH AND TECHNOLOGY DEVELOPMENT $1,046 Yes 0
12.U14 Defense Threat Reduction Agency (DTRA) $218 Yes 0

Contacts

Name Title Type
WNN6VH618X58 Wendy Murrell Auditee
3216748837 Laura Anne Pray Auditor
No contacts on file

Notes to SEFA

Basis of Presentation - The accompanying schedule of expenditures of federal awards and state financial assistance summarizes the expenditures incurred under all federal and state awards received by Florida Institute of Technology, Inc. (the “University”) for the year ended June 30, 2025. For purposes of this schedule, federal awards and state projects include all grants, contracts, loans, and loan guarantee agreements entered into directly between the University and agencies and departments of the federal and state government and federal and state awards passed through other agencies. Expenditures for federal and state awards programs are recognized on the accrual basis of accounting. The information on 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 for Federal Awards and Chapter 10.650, Rules of the Auditor General; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
Federal Uniform Guidance and the Florida State Single Audit Act define a cluster of programs as a grouping of closely related programs that share common compliance requirements. According to this definition, we have determined the Student Financial Assistance Programs and Research and Development Programs to be Federal clusters of programs and the Florida Student Financial Assistance to be a State cluster of programs.
The University had the following loan balances due to the federal government at June 30, 2025: See the Notes to the SEFA for Chart / table
During the year ended June 30, 2025, the University processed loans under the following Guaranteed Student Loan Programs: See the Notes to the SEFA for Chart / table
Under the current federally negotiated rate agreement, the University uses a predetermined indirect cost rate using a modified total direct cost base. This rate is in effect until June 30, 2026. The University applies a 44.87% indirect cost rate or a 28.45% off campus rate on a modified total direct cost basis to all federal grants, unless otherwise restricted by the granting agency.