EIN: 066100574
UEI: HZRGZV87XM52
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 26, 2025. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by March 26, 2026 (149 days ago).
What is a management decision? →During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. As a whole, payroll charged to the award is not in excess of the budgeted amount. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: Yes, 2023-001 Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management is not in agreement with the finding. See separate corrective action plan.
Show full finding ▾Hide full finding ▴Federal Agency: U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: July 26, 2022- September 30, 2025; September 14, 2022- September 30, 2026 Type of Finding: • Material Weakness in Internal Control over Compliance • Material Noncompliance (Modified Opinion) Criteria: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of allowable costs. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. As a whole, payroll charged to the award is not in excess of the budgeted amount. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: Yes, 2023-001 Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management is not in agreement with the finding. See separate corrective action plan.
Professional and Cultural Exchange Programs - Citizen Exchanges - Assistance Listing No. 19.415 Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Explanation of disagreement with audit finding: American Institute For Foreign Study Foundation, Inc. does not agree with the finding. American Institute For Foreign Study Foundation, Inc. has been charging the correct actual hours and the actual rates that have been approved in the budget. What has not been adjusted and captured are the raises that individuals get during the time they are working on the grant (which cross a calendar year). This would result in more salary being charged to the grant. In the future, we will ensure any employee rate increases get charged to the grant so that we do not under charge the grant. Action taken in response to finding: Management will ensure the actual salary is ultimately charged to the awards. Name of the contact person responsible for corrective action: James Mahoney, CFO Planned completion date for corrective action plan: August 31 , 2025
2023-001
The procurement policy of the Foundation does not include the essential elements as outlined in 2 CFR sections 200.318 through 200.326. Questioned costs: None Context: We reviewed the procurement policy of the Foundation and noted that the policy does not include the essential compliance elements as outlined in 2 CFR sections 200.318 through 200.326. Cause: Management was unaware of the restrictive requirements of the new procurement standards. Effect: With the absence of a compliant policy, the Foundation is at risk for noncompliance as it relates to federal procurement. Repeat Finding: No Recommendation: We recommend that the Foundation review its procurement policy and make necessary changes to comply with the criteria as set out in 2 CFR sections 200.318 and 200.326. Views of Responsible Officials: Management is not in agreement with the finding. See separate corrective action plan.
Show full finding ▾Hide full finding ▴Federal Agency: U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: July 26, 2022- September 30, 2025; September 14, 2022- September 30, 2026 Type of Finding: • Material Weakness in Internal Control over Compliance • Material Noncompliance (Modified Opinion) Criteria or Specific Requirement: The Foundation must comply with procurement standards set out at 2 CFR sections 200.318 through 200.326 within Uniform Guidance. Condition: The procurement policy of the Foundation does not include the essential elements as outlined in 2 CFR sections 200.318 through 200.326. Questioned costs: None Context: We reviewed the procurement policy of the Foundation and noted that the policy does not include the essential compliance elements as outlined in 2 CFR sections 200.318 through 200.326. Cause: Management was unaware of the restrictive requirements of the new procurement standards. Effect: With the absence of a compliant policy, the Foundation is at risk for noncompliance as it relates to federal procurement. Repeat Finding: No Recommendation: We recommend that the Foundation review its procurement policy and make necessary changes to comply with the criteria as set out in 2 CFR sections 200.318 and 200.326. Views of Responsible Officials: Management is not in agreement with the finding. See separate corrective action plan.
Professional and Cultural Exchange Programs - Citizen Exchanges - Assistance Listing No. 19.415 Recommendation: We recommend that the Foundation review its procurement and make necessary changes to comply with the criteria as set out in 2 CFR sections 200.318 through 200.326. Explanation of disagreement with audit finding: American Institute For Foreign Study Foundation, Inc. does not agree with the finding. During a visit by representatives of BEGA the existing procurement policy was shared with those representatives. They approved of it and did not recommend any changes. However, a compliant policy that complies with CFR sections 200.318 through 200.326 will be developed. Name of the contact person responsible for corrective action: James Mahoney, CFO Planned completion date for corrective action plan: August 31, 2025
FAC accepted this audit on September 12, 2024 — management decision was due March 12, 2025.
During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: Yes, 2022-001 Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.
Show full finding ▾Hide full finding ▴Finding No. 2023-001 Federal Agency: U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: September 30, 2019 - September 30, 2023; July 26, 2022 – September 30, 2025; September 14, 2022 – September 30, 2026 Type of Finding: -Material Weakness in Internal Control over Compliance -Material Noncompliance (Modified Opinion) Criteria: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of allowable costs. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: Yes, 2022-001 Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.
2023-001 Professional and Cultural Exchange Programs - Citizen Exchanges – Assistance Listing No. 19.415 Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will ensure only actual salary is charged to the awards. Name of the contact person responsible for corrective action: James Mahoney, CFO Planned completion date for corrective action plan: August 31, 2024 If the U.S. Department of State has questions regarding this plan, please call James Mahoney at 203-399-5143.
2022-001
FAC accepted this audit on September 26, 2023 — management decision was due March 26, 2024.
During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: No Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.
Show full finding ▾Hide full finding ▴2022-001 Federal Agency U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: September 30, 2019 - September 30, 2023; April 9, 2019 ? August 31, 2022; July 26, 2022 ? September 30, 2025 Type of Finding: * Material Weakness in Internal Control over Compliance * Material Noncompliance (Modified Opinion) Criteria: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of allowable costs. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing of payroll expenditures, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure only allowable costs were charged to the award. Questioned costs: Unknown Context: American Institute For Foreign Study Foundation, Inc. is charging to the award based on the budgeted payroll expenses which does not correspond with the actual salary expense that should have been allocated to the award. Cause: Management believed that they should charge the award based on budget. Effect: The effect is that salaries charged may not represent the award's allocable share. Repeat Finding: No Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.
Finding 2022-001 U.S Department of State Professional and Cultural Exchange Programs - Citizen Exchanges ? Assistance Listing No. 19.415 Recommendation: American Institute For Foreign Study Foundation, Inc. should formalize review over allocations to the award to ensure that allocations are based on actual time and effort. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will ensure only actual salary is charged to the awards. Name of the contact person responsible for corrective action: James Mahoney, CFO Planned completion date for corrective action plan: September 15, 2023
During our testing over period of performance, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure costs were properly charged to awards within the period of performance. Cause: Exception was caused due to inadequate review over period of performance compliance. Effect: Expenditures for the award were overstated for prior period expenditures. Repeat Finding: No Recommendation: We recommend American Institute For Foreign Study Foundation, Inc. design controls to ensure an adequate review process is in place to review the period of costs incurred to ensure costs are charged to grants in the proper period. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.
Show full finding ▾Hide full finding ▴2022-002 Federal Agency: U.S. Department of State Federal Program Name: Professional and Cultural Exchange Programs - Citizen Exchanges Assistance Listing Number: 19.415 Award Period: July 26, 2022 ? September 30, 2025 Type of Finding: * Material Weakness in Internal Control over Compliance *Material Noncompliance (Modified Opinion) Criteria or specific requirement: 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award requires compliance with the provisions of period of performance. American Institute For Foreign Study Foundation, Inc. should have internal controls designed to ensure compliance with those provisions. Condition: During our testing over period of performance, we noted American Institute For Foreign Study Foundation, Inc. did not have adequate internal controls designed to ensure costs were properly charged to awards within the period of performance. Cause: Exception was caused due to inadequate review over period of performance compliance. Effect: Expenditures for the award were overstated for prior period expenditures. Repeat Finding: No Recommendation: We recommend American Institute For Foreign Study Foundation, Inc. design controls to ensure an adequate review process is in place to review the period of costs incurred to ensure costs are charged to grants in the proper period. Views of Responsible Officials: Management concurs with the finding. See separate corrective action plan.
Finding 2022-002 U.S Department of State Professional and Cultural Exchange Programs - Citizen Exchanges ? Assistance Listing No. 19.415 Recommendation: We recommend American Institute For Foreign Study Foundation, Inc. design controls to ensure an adequate review process is in place to review the period of costs incurred to ensure costs are charged to awards in the proper period. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will review more closely to ensure costs are charged to awards within the period of performance. They note that all costs being charged to awards are grant related regardless of the period and that they consistently do not use all approved grant awards. Name of the contact person responsible for corrective action: James Mahoney, CFO Planned completion date for corrective action plan: September 15, 2023 If the U.S. Department of State has questions regarding this plan, please call James Mahoney at 203-399-5143.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and compliance status.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.