IPHNY, Inc.

EIN: 141666321

UEI: M1MLXT5ZH7N6

Data as of August 27, 2026

IPHNY, Inc.7 audit years1 findings
7
Audit Years
1
Total Findings
0
Repeat Findings

FY 2019-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 12, 2020. 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 April 12, 2021 (1963 days ago).

What is a management decision? →
2019-001
Procurement & Suspension/Debarment

during our audit, we noted there was no formal procurement policy in place to be in compliance with federal Office of Management and Budget (OMB) requirements. Criteria: formal procurement policy should be in place. Cause: management not aware of. Effect: no significant effect noted as no purchases over micro purchases threshold ($10,000) noted. Recommendation: Management should develop a formal procurement policy in accordance with federal Office of Management and Budget (OMB) requirements Views of responsible officials and planned corrective actions: Management is developing the new procurement policies to be in compliance with OMB federal requirements. Section 3 ? Federal Award Findings and Questioned Costs Finding 2019-001 ? Formal Written Procurement Policy None.

Show full finding ▾
Full finding narrative

Section 2 ? Financial Statement Findings Finding 2019-001 ? Formal Written Procurement Policy Condition: during our audit, we noted there was no formal procurement policy in place to be in compliance with federal Office of Management and Budget (OMB) requirements. Criteria: formal procurement policy should be in place. Cause: management not aware of. Effect: no significant effect noted as no purchases over micro purchases threshold ($10,000) noted. Recommendation: Management should develop a formal procurement policy in accordance with federal Office of Management and Budget (OMB) requirements Views of responsible officials and planned corrective actions: Management is developing the new procurement policies to be in compliance with OMB federal requirements. Section 3 ? Federal Award Findings and Questioned Costs Finding 2019-001 ? Formal Written Procurement Policy None.

Corrective Action Plan

Response/Corrective Action Plan The Organization is in its first year working with new auditors and became aware of the OMB procurement requirements as part of this process. Management is developing the new procurement policies to be in compliance with OMB federal requirements

About Procurement and Suspension and Debarment →

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.

Are you this organization?

Track your findings and corrective action plans across audit cycles.

Start tracking findings →

Do you fund this organization?

Monitor subrecipient audit findings and compliance status.

Start monitoring →

Product

Resources

Legal

Single Audit Intelligence is an independent tool powered by Federal Audit Clearinghouse data. Not affiliated with GSA, OMB, or any federal agency.

© 2026 Single Audit Intelligence. All data is public domain.