FAC Explorer

Audit 397354

FY End
2025-06-30
Total Expended
$3.57M
Findings
1
Programs
1
Organization: Pyramid Learning Corp. (PR)
Year: 2025 Accepted: 2026-04-01
Auditor: 660701886

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1205660 2025-001 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
84.287 TWENTY-FIRST CENTURY COMMUNITY LEARNING CENTERS $3.57M Yes 1

Contacts

Name Title Type
NTK5P78SUML4 Zaira Martinez Auditee
7876738688 Eric Rosaly Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grants activity of this Organization, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the OMB Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Expenditures reported on the schedule are accounted for on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where-in certain types of expenditures are not allowable or are limited as to reimbursement. Due to the grant contract agreement, the Organization can not elect to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
The Organization should enforce its policies and procedures in order to accurately maintain its financial information, and on a timely basis, assuring that they reflect its assets and liabilities, and to maintain an appropriate control over its revenues and the amounts expended, which will allow a proper management and monitoring of operations. These policies and procedures should be enforced to consider the following: