THE TRUST FOR TOMORROW

EIN: 264815517

UEI: K75DNB6UAMW8

Data as of August 26, 2026

THE TRUST FOR TOMORROW9 audit years11 findings9 repeat
9
Audit Years
11
Total Findings
9
Repeat Findings

FY 2025-09-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on June 26, 2026. 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 December 26, 2026 (121 days from today).

What is a management decision? →
2025-001
Other
REPEAT

Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, etc. However, the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks.

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Full finding narrative

Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, etc. However, the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks.

Corrective Action Plan

As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. For example, beginning in fiscal year 2026, the Organization’s outsourced accountant is slated to pick up additional responsibilities, such as preparation of bank reconciliations. We will continue to review our processes to determine where duties can be segregated amongst existing staff and/or outsourced accountant further. Lastly, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Prior Finding References

2024-001

About Other →

FY 2024-09-30

FAC accepted this audit on June 25, 2025 — management decision was due December 25, 2025.

2024-001
Other
REPEAT

Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and hiring a Director of Financial Operations,. However, the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks.

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Full finding narrative

Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and hiring a Director of Financial Operations,. However, the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks.

Corrective Action Plan

As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. For example, the Director of Financial Operations was present for the full fiscal year under audit, and this individual has taken over certain responsibilities, including but not limited to general ledger coding, review and approval of invoices, processing timesheets, and handling expense reimbursement requests. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff, as well as look to hire a new DFO or contract additional responsibilities to an outsourced accountant. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Prior Finding References

2023-001

About Other →

FY 2023-09-20

FAC accepted this audit on June 25, 2024 — management decision was due December 25, 2024.

2023-001
Other
REPEAT

Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, hiring a Director of Financial Operations, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide ideal segregation of duties. Auditor’s Recommendation: We recommend the Organization continue to add compensating controls where prudent and to continue to rely on the mitigating controls of close oversight by the Board of Directors and to evaluate the oversight on a consistent basis. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. For example, a Director of Financial Operations was hired during the last half of the fiscal year under audit and this individual has taken over certain responsibilities, including but not limited to general ledger coding, review and approval of invoices, processing timesheets, and handling expense reimbursement requests. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

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Full finding narrative

Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, hiring a Director of Financial Operations, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide ideal segregation of duties. Auditor’s Recommendation: We recommend the Organization continue to add compensating controls where prudent and to continue to rely on the mitigating controls of close oversight by the Board of Directors and to evaluate the oversight on a consistent basis. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. For example, a Director of Financial Operations was hired during the last half of the fiscal year under audit and this individual has taken over certain responsibilities, including but not limited to general ledger coding, review and approval of invoices, processing timesheets, and handling expense reimbursement requests. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Corrective Action Plan

As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. For example, a Director of Financial Operations was hired during the last half of the fiscal year under audit and this individual has taken over certain responsibilities, including but not limited to general ledger coding, review and approval of invoices, processing timesheets, and handling expense reimbursement requests. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Prior Finding References

2022-001

About Other →

FY 2022-09-30

FAC accepted this audit on June 28, 2023 — management decision was due December 28, 2023.

2022-001
Other
REPEAT

Finding No 2022-001 - Segregation of Duties - Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide ideal segregation of duties. Auditor?s Recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Show full finding ▾
Full finding narrative

Finding No 2022-001 - Segregation of Duties - Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide ideal segregation of duties. Auditor?s Recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Corrective Action Plan

The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Prior Finding References

2021-001

About Other →

FY 2021-09-30

FAC accepted this audit on June 26, 2022 — management decision was due December 26, 2022.

2021-001
Other
REPEAT

Finding No 2021-001 Segregation of Duties. Condition & Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Questioned Costs: None. Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide adequate segregation of duties. Auditor's Recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Show full finding ▾
Full finding narrative

Finding No 2021-001 Segregation of Duties. Condition & Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Questioned Costs: None. Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide adequate segregation of duties. Auditor's Recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Corrective Action Plan

The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Prior Finding References

2020-001

About Other →

FY 2020-09-30

FAC accepted this audit on June 27, 2021 — management decision was due December 27, 2021.

2020-001
Other
REPEAT

FINDING NO. 2020-001: Segregation of duties Questioned Costs: None Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. None Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide adequate segregation of duties. Auditor?s Recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

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Full finding narrative

FINDING NO. 2020-001: Segregation of duties Questioned Costs: None Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. None Effect: Significant deficiency in internal controls. Cause: Limited staff and resources are available to provide adequate segregation of duties. Auditor?s Recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities. Views of Responsible Officials and Planned Corrective Actions: As noted above, The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Corrective Action Plan

The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

Prior Finding References

2019-001

About Other →

FY 2019-09-30

FAC accepted this audit on June 21, 2020 — management decision was due December 21, 2020.

2019-001
Cash Management

Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Effect: Significant deficiency in internal controls. Questioned costs: None. Cause: Limited staff and resources are available to provide adequate segregation of duties. Auditor's recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities.

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Full finding narrative

Condition and Criteria: Limited number of staff prevents separation of functions necessary to assure adequate internal control structure. Over the past few years, management has implemented several compensating controls to limit the severity of the deficiency, including: hiring an outsourced accountant who performs quarterly reviews, implementing a director-level review of expense reimbursements and purchase requests prior to disbursement, and having another staff member reconcile the bank statements. However, the staff member preparing the reconciliations is closely related to the Executive Director and the Executive Director remains responsible for performing substantially all bookkeeping and accounting functions, including having the ability to print and sign checks. Effect: Significant deficiency in internal controls. Questioned costs: None. Cause: Limited staff and resources are available to provide adequate segregation of duties. Auditor's recommendation: Since the Organization now has additional employees, management should consider having another employee, not related to the Executive Director, if feasible, perform some of the functions currently performed by the Executive Director, to further segregate duties. Additionally, the Organization could continue to explore ways the outsourced accountant can take on even greater roles in monthly activities.

Corrective Action Plan

As noted in the finding itself, The Trust for Tomorrow continues to add compensating controls each year when possible. Further, we will continue to review our processes to determine where duties can be segregated amongst existing staff. Additionally, the board will continue to provide close oversight of the Organization and evaluate that oversight on a consistent basis.

About Cash Management →

FY 2017-09-30

FAC accepted this audit on April 16, 2018 — management decision was due October 16, 2018.

2017-001
Activities Allowed or Unallowed / Cost Allowability / Cash Management
MATERIAL WEAKNESSREPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2016-001

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Cash Management →
2017-002
Activities Allowed or Unallowed / Cost Allowability / Cash Management
MATERIAL WEAKNESSREPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2016-002

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Cash Management →

FY 2016-09-30

FAC accepted this audit on March 28, 2017 — management decision was due September 28, 2017.

2016-001
Activities Allowed or Unallowed / Cost Allowability / Cash Management
MATERIAL WEAKNESSREPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-001

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Cash Management →
2016-002
Activities Allowed or Unallowed / Cost Allowability / Cash Management
MATERIAL WEAKNESS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Cash Management →

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