FAC Explorer

Finding 513870 (2023-002)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-12-11
Audit: 331886
Organization: Baraga-Houghton-Keweenaw Child Development Board, Inc. (MI)
Auditor: Rukkila Negro and Associates CPAS PC

AI Summary

  • Issue: Form 990 was submitted 65 days late, missing the extended due date of September 16, 2024.
  • Trend: Timeliness of submissions is critical; this delay could indicate potential compliance issues.
  • Recommendation: Implement a tracking system for due dates to ensure timely submissions in the future.

Finding Text

According to the IRS, form 990 musb te submitted by the fifteenth of the eleventh month following the fiscal year end. The form 990 for the fiscal year ending October 31, 2023 was submitted sixty-five days past the required extended due date of September 16, 2024 as per the Internal Revenue Service (IRS).

Corrective Action Plan

This finding should be considered a one-time occurrence as it was unexpected personal circumstances that led to a delay in the completion of annual form 990. These circumstances have since been addressed. Midpoints & deadlines have been added to the Agency's Annual Planning Calendar in order to verify that progress on the audit & form 990 are being made in a timely manner. Additionally, support has been assigned to the Finance Department to assist with day-to-day duties so that the Finance Director can focus on priorities such as these.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
93.600 Head Start $6.22M
84.287 Twenty-First Century Community Learning Centers $237,273
10.558 Child and Adult Care Food Program $223,731
10.559 Summer Food Service Program for Children $27,951