MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION, INC.

Finding 2021-001: The Foundation?s data collection form was not filed by its due date. Condition: The Foundation filed its data collection form subsequent to the due date of nine months after its fiscal year end of September 30, 2021. Criteria for Specific Requirement: The Foundation is required to submit its data collection form to the federal audit clearinghouse at the earlier of thirty days after issuance or nine months after year end. Cause: The Foundation?s audit was not completed at the end of the ninth month after fiscal year. Effect: The Foundation?s data collection form was submitted subsequent to nine months after its fiscal year end of September 30, 2021. Questioned costs: None Repeat Finding: No Recommendation: It is recommended that the Foundation allows for sufficient time for submitting its data collection form subsequent to the completion of its annual audit. Views of Management and Planned Corrective Actions: Management will prioritize year-end closing and audit scheduling that allows for enough time to submit data collection form within nine months of fiscal year end.

Management will prioritize year-end closing and audit scheduling that allows for enough time to submit data collection form within nine months of fiscal year end.