FAC Explorer

Audit 413286

FY End
2025-12-31
Total Expended
$2.80M
Findings
1
Programs
3
Organization: Grupo Nexos, Inc. (PR)
Year: 2025 Accepted: 2026-09-29
Auditor: RODRIGUEZ & SANTIAGO CPA'S PSC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1238422 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
93.297 TEENAGE PREGNANCY PREVENTION PROGRAM $1.71M Yes 1
93.926 HEALTHY START INITIATIVE $278,348 Yes 0
93.310 TRANS-NIH RESEARCH SUPPORT $270,262 Yes 0

Contacts

Name Title Type
PEYDYH2EN6E7 Ivette Llovet Auditee
7875587052 Daniel Santiago Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Organization under programs of the federal government for the year ended December 31, 2025. The information in this schedule is presented in accordance with the requirements of 2 CFR, Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the financial statements.
The reconciliation of expenses per financial statements to the Schedule is as follows: Expenses per financial statements $ 10,643,587 Less: Depreciation (38,160) Amortization of operating lease right-of-use asset (210,144) Nonfederal expenditures (7,596,991) Expenditures per Schedule of Expenditures of Federal Award $ 2,798,292

Finding Details

Finding 2025-001
Statement of Condition The results of the procedures performed in the financial and performance reporting requirements showed the following instances of noncompliance: (1) One of the two Federal Financial Report (SF-425) selected on our sample was submitted 5 days after due date to the federal government. Criteria In accordance with 2 CFR 200.328, unless otherwise approved by OMB, the Federal awarding agency must solicit only the OMB-approved government wide data elements for collection of financial information at the time of publication the Federal Financial Report or such future, OMB-approved, government wide data elements available from the OMB-designated standards lead. This information must be collected with the frequency required by the terms and conditions of the Federal award, but no less frequently than annually nor more frequently than quarterly except in unusual circumstances. The Federal awarding agency must use OMB- approved common information collections, as applicable, when providing financial and performance reporting information. According to the terms and conditions of the federal awards of the Teenage Pregnancy Prevention Program, the recipient must submit on a quarterly basis the Federal Financial Report. The FFR is due 30 days after the end of each quarter in the federal fiscal year. Specific due date for the FFR submissions under the Teenage Pregnancy Prevention Program are as follows: • Quarter ending September 30, the FFR is due on October 30 • Quarter ending December 31, the FFR is due on January 30 • Quarter ending March 30, the FFR is due on April 30 • Quarter ending June 30, the FFR is due on July 30 Cause of Condition Lack of follow-up and monitoring procedures by personnel and management to submit required financial reports in a timely basis. Effect of Condition As stated by the federal agency, failure to comply with the reporting requirements may delay processing any pending requests or applications. Recommendation Management must verify that all required reports are prepared, reviewed and submitted on a timely manner. Questioned Costs None. Views of Responsible Officials and Planned Corrective Actions The Organization agrees with the finding and the recommended procedures will be or have been implemented.