Ronin Institute for Independent Scholarship

EIN: 454524080

UEI: JC6MG997HEK8

Data as of August 20, 2026

2
Audit Years
6
Total Findings
3
Repeat Findings

FY 2022-09-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 30, 2024. 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 30, 2025, which was (508 days ago).

What is a management decision? →
2022-002
Other
REPEAT
Condition

2022-002—Late Audit Report Federal program information: Funding agency: All Title: All Assistance Listing Number (ALN): All Award year and number: All Pass-through entity (if applicable): All Criteria: According to 2 CFR Part 200.512, the annual single audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period (June 30, 2023). Condition: The Institute’s fiscal year 2022 single audit reporting package was not submitted by the due date of June 30, 2023. Questioned Costs: None. Context: N/A Cause: The Institute experienced turnover in the accounting department during the year, which caused delays in completion of year-end reconciliations of the financial statements and the schedule of expenditures of federal awards. Effect: The audit was not started and completed until more than 9 months after year-end and was ultimately submitted past the regulatory deadline. Auditor’s Recommendations: The Institute should develop formal accounting policies and procedures, including its monthly and annual reconciliation procedures. This will help ensure that account reconciliations are performed timely so that the audit can be completed earlier in the year and the data collection form and reporting package are submitted by the due date. Management’s Response: Management of the Institute did not provide any comments in response to this finding.

Corrective Action Plan

Corrective Action: Management of the Institute did not provide any planned corrective actions for this finding. Person Responsible: Management of the Institute did not identify an individual responsible for corrective action for this finding. Completion Date: Management of the Institute has not established a completion date for corrective action for this finding.

Prior Finding References

2021-002

About Other →
2022-003
Procurement & Suspension/Debarment
REPEATMATERIAL WEAKNESS
Condition

2022-003—Procurement, Suspension and Debarment Federal program information: Funding agency: All Title: All Assistance Listing Number (ALN): All Award year and number: All Pass-through entity (if applicable): All Criteria: According to 2 CFR Part 200.318, a non-federal entity must have and use documented procurement procedures for the acquisition of property or services required under a Federal award or subaward. The entity's documented procurement procedures must conform to the procurement standards identified in Parts 200.317 through 200.327, including written standards of conduct covering conflicts of interest and governing the actions of its employees engaged in the selection, award and administration of contracts. Condition: The Institute has not developed and approved policies and procedures over procurement, suspension and debarment as required by the Uniform Guidance. Questioned Costs: None. Context: N/A Cause: The Institute had never been subject to an external audit prior to 2021 and had not developed formal policies and procedures over procurement, among others. Effect: The Institute is not in compliance with the Uniform Guidance general procurement standards at 2 CFR Part 200.318. Auditor’s Recommendations: The Institute should development written policies and procedures over procurement, suspension and debarment that meets the requirements of 2 CFR Parts 200.317 through 200.327. Management’s Response: Management of the Institute did not provide any comments in response to this finding.

Corrective Action Plan

Corrective Action: Management of the Institute did not provide any planned corrective actions for this finding. Person Responsible: Management of the Institute did not identify an individual responsible for corrective action for this finding. Completion Date: Management of the Institute has not established a completion date for corrective action for this finding.

Prior Finding References

2021-003

About Procurement and Suspension and Debarment →
2022-004
Cost Allowability
REPEATMATERIAL WEAKNESSQUESTIONED COSTS
Condition

2022-004—Allowable Costs/Cost Principles Federal program information: Funding agency: All Title: All ALN: All Award year and number: All Pass-through entity (if applicable): All Criteria: According to 2 CFR Part 200.403, to be allowable under federal awards, costs must be adequately documented. Additionally, according to 2 CFR Part 200.430, charges to Federal awards for salaries and wages must be based on records that accurately reflect the work performed, be supported by a system of internal control which provides reasonable assurance that the charges are accurate, allowable, and properly allocated, and comply with established accounting policies and practices of the entity. Condition: Accurate and complete records to support payroll disbursements were not maintained for federal award programs. We specifically noted the following: • There is no documentation of an employee’s approved pay rate. • The Institute has not developed formal accounting or personnel policies and procedures that meet the requirements of federal statutes. Questioned Costs: Undeterminable Context: Six of six payroll disbursements tested were not adequately documented. Cause: The Institute was not aware of the Uniform Guidance requirements regarding allowable costs/cost principles (2 CFR Part 200.403), and compensation for personal services (2 CFR Part 200.430). Additionally, the Institute has not developed formal accounting or personnel policies. Effect: The Institute may not be able to demonstrate that costs charged to federal programs are allowable. Auditor’s Recommendations: The Institute should develop formal accounting and personnel policies and procedures that meet the requirements of the Uniform Guidance. Management’s Response: Management of the Institute did not provide any comments in response to this finding.

Corrective Action Plan

Corrective Action: Management of the Institute did not provide any planned corrective actions for this finding. Person Responsible: Management of the Institute did not identify an individual responsible for corrective action for this finding. Completion Date: Management of the Institute has not established a completion date for corrective action for this finding.

Prior Finding References

2021-004

About Allowable Costs / Cost Principles →

FY 2021-09-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on January 22, 2023. 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 July 22, 2023, which was (1125 days ago).

What is a management decision? →
2021-002
Other
Condition

2021-002?Late Audit Report Federal program information: Funding agency: All Title: All Assistance Listing Number (ALN): All Award year and number: All Pass-through entity (if applicable): All Criteria: According to 2 CFR Part 200.512, the annual single audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period (June 30, 2022). Condition: The Institute?s fiscal year 2021 single audit reporting package was not submitted by the due date of June 30, 2022. Questioned Costs: None. Context: N/A Cause: The Institute experienced turnover in the accounting department during the year, which caused delays in completion of year-end reconciliations of the financial statements and the schedule of expenditures of federal awards. Effect: The audit was not started and completed until more than 9 months after year-end and was ultimately submitted past the regulatory deadline. Auditor?s Recommendations: The Institute should develop formal accounting policies and procedures, including its monthly and annual reconciliation procedures. This will help ensure that account reconciliations are performed timely so that the audit can be completed earlier in the year and the data collection form and reporting package are submitted by the due date. Management?s Response: The Institute agrees with the recommendation and, as further discussed in our response to finding 2021-001, we will develop and document formal accounting policies and procedures, including its monthly and annual reconciliation procedures, which will allow our fiscal year 2022 audit to commence and be completed in a timely fashion.

Corrective Action Plan

2021-002?Late Audit Report Corrective Action: As a component of the Corrective Action described under finding 2021-001 above, the Institute will review its operations and identify and document its significant processes and controls including those associated with accounting and financial reporting. A formal set of policies and procedures will be developed which will be approved by the Board of Trustees. We will schedule our audit no later than March 2023, three months before the regulatory deadline. Person Responsible: Richard Murray, Board member Completion Date: March 31, 2023

About Other →
2021-003
Procurement & Suspension/Debarment
MATERIAL WEAKNESS
Condition

2021-003?Procurement, Suspension and Debarment Federal program information: Funding agency: All Title: All Assistance Listing Number (ALN): All Award year and number: All Pass-through entity (if applicable): All Criteria: According to 2 CFR Part 200.318, a non-federal entity must have and use documented procurement procedures for the acquisition of property or services required under a Federal award or subaward. The entity's documented procurement procedures must conform to the procurement standards identified in Parts 200.317 through 200.327, including written standards of conduct covering conflicts of interest and governing the actions of its employees engaged in the selection, award and administration of contracts. Condition: The Institute has not developed and approved policies and procedures over procurement, suspension and debarment as required by the Uniform Guidance. Questioned Costs: None. Context: N/A Cause: The Institute has never been subject to an external audit and has not developed formal policies and procedures over procurement, among others. Effect: The Institute is not in compliance with the Uniform Guidance general procurement standards at 2 CFR Part 200.318. Auditor?s Recommendations: The Institute should development written policies and procedures over procurement, suspension and debarment that meets the requirements of 2 CFR Parts 200.317 through 200.327. Management?s Response: The Institute agrees with the recommendation and as stated in our response to finding 2021-001, we will develop and document formal accounting policies and procedures, including those associated with Procurement, Suspension and Debarment which meet the requirements of 2 CFR Parts 200.317 through 200.327

Corrective Action Plan

2021-003?Procurement, Suspension and Debarment Corrective Action: As a component of the Corrective Action described under finding 2021-001 above, the Institute will review its operations and identify and document its significant processes and controls including those associated with Procurement, Suspension and Debarment. A formal set of policies and procedures will be developed which will be approved by the Board of Trustees. Person Responsible: Richard Murray, Board member Completion Date: December 15, 2022

About Procurement and Suspension and Debarment →
2021-004
Activities Allowed or Unallowed / Cost Allowability
MATERIAL WEAKNESSQUESTIONED COSTS
Condition

2021-004?Allowable Costs/Cost Principles Federal program information: Funding agency: All Title: All ALN: All Award year and number: All Pass-through entity (if applicable): All Criteria: According to 2 CFR Part 200.403, to be allowable under federal awards, costs must be adequately documented. Additionally, according to 2 CFR Part 200.430, charges to Federal awards for salaries and wages must be based on records that accurately reflect the work performed, be supported by a system of internal control which provides reasonable assurance that the charges are accurate, allowable, and properly allocated, and comply with established accounting policies and practices of the entity. Condition: Accurate and complete records to support payroll disbursements were not maintained for federal award programs. We specifically noted the following: ? There is no documentation of an employees approved pay rate. ? The Institute has not development formal accounting or personnel policies and procedures that meet the requirements of federal statutes. Questioned Costs: Payroll disbursements totaling $148,582. Context: Ten of ten payroll disbursements tested were not adequately documented. Cause: The Institute was not aware of the Uniform Guidance requirements regarding allowable costs/cost principles (2 CFR Part 200.403), and compensation for personal services (2 CFR Part 200.430). Additionally, the Institute has not developed formal accounting or personnel policies. Effect: The Institute may not be able to demonstrate that costs charged to federal programs are allowable. Auditor?s Recommendations: The Institute should develop formal accounting and personnel policies and procedures that meet the requirements of the Uniform Guidance. Management?s Response: The Institute agrees with the recommendation and, as stated in our response to finding 2021-001, we will develop and document formal accounting policies and procedures that meet the requirements of the Uniform Guidance.

Corrective Action Plan

2021-004?Allowable Costs/Cost Principles Corrective Action: As a component of the Corrective Action described under finding 2021-001 above, the Institute will review its operations and identify and document its significant processes and controls including those associated with Allowable Costs/Cost Principles. A formal set of policies and procedures will be developed which will be approved by the Board of Trustees. Person Responsible: Richard Murray, Board member Completion Date: December 15, 2022

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

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.

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