FAC Explorer

Audit 55471

FY End
2022-12-31
Total Expended
$11.12M
Findings
0
Programs
5
Organization: Ocean Exploration Trust, Inc. (CT)
Year: 2022 Accepted: 2023-04-25
Auditor: Hintonburdick PLLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
11.432 National Oceanic and Atmospheric Administration (noaa) Cooperative Institutes $8.39M - 0
11.400 Geodetic Surveys and Services (geodesy and Applications of the National Geodetic Reference System) $375,000 - 0
12.300 Basic and Applied Scientific Research $243,006 Yes 0
11.011 Ocean Exploration $108,438 Yes 0
11.429 Marine Sanctuary Program $97,467 - 0

Contacts

Name Title Type
LQKKJNMXRR95 Denise H. Armstrong Auditee
8605749079 Jennifer E. Frank Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Organization and is presented on the accrual basis of accounting. The information in this schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or usedin the preparation of, the basic financial statements.The expenditures are recognized following, as applicable, either the cost principles contained in OMBCircular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.