FAC Explorer

Audit 388389

FY End
2025-06-30
Total Expended
$1.92M
Findings
1
Programs
2
Organization: Innovia Foundation (WA)
Year: 2025 Accepted: 2026-02-20
Auditor: EIDE BAILLY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1174833 2025-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
84.116 FUND FOR THE IMPROVEMENT OF POSTSECONDARY EDUCATION $1.28M Yes 1
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $535,750 Yes 0

Contacts

Name Title Type
JGNFHK7ULLB2 Lauren Autrey Auditee
5096242606 Tiffany Williamson Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Innovia Foundation (the Foundation) under programs of the federal government for the year ended June 30, 2025. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Foundation.
Expenditures reported in the schedule are reported on the accrual basis of accounting, except for subrecipient expenditures, which are recorded on the cash basis. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Foundation has not elected to use the 10% de minimis cost rate for grants entered into prior to October 1, 2024, or the 15% de minimis cost rate for grants entered into after October 1, 2024.

Finding Details

Finding 2025-002
U.S. Department of the Education Fund for the Improvement of Postsecondary Education, 84,116Z Reporting Material Weakness in Internal Control over Compliance and Material Noncompliance Grant Year: FY 2022 Grant Award Number: P116Z220137 Criteria: The Federal Funding Accountability and Transparency Act (FFATA) explains that the grant award term is issued in accordance with 2 CFR Part 170 Reporting Subaward and Executive Compensation Information. This is designed to increase transparency and improve the public’s access to Federal government information. FFATA requires the grant recipients to report first-tier subawards made under Federal grants that are funded at $30,000 or more that meet the reporting conditions as set forth in this grant award term. Condition: The Foundation did not report the first-tier subawards funded at $30,000 or more in accordance with FFATA. Subaward Missing Transactions Subaward Report Amount Key Tested Not Reported Not Timely Incorrect Elements Quantity 15 15 N/A N/A N/A Subaward Missing Transactions Subaward Report Amount Key Tested Not Reported Not Timely Incorrect Elements Dollar Value $731,000 $731,000 N/A N/A N/A N/A – As none of the reports were submitted, these categories were not applicable and/or we were unable to test them. Cause: The Foundation did not have adequate internal controls to ensure that the FFATA reporting requirements were completed in accordance with the grant agreement. Effect: $731,000 of subawards that should have been reported in accordance with FFATA was not completed. Questioned Costs: None reported. Context/Sampling: No sampling was done as the FFATA reporting was not performed, the full population of first-tier subawards is shown above. Repeat Finding from Prior Year: No Recommendation: We recommend the Foundation enhance internal controls to ensure that the FFATA reporting requirements are met. Views of Responsible Officials: Management agrees with the finding.