THORNTON TOWNSHIP FOUNDATION INC

EIN: 472713800

UEI: ZCVMVGEEN155

Data as of August 21, 2026

THORNTON TOWNSHIP FOUNDATION INC3 audit years2 findings1 repeat
3
Audit Years
2
Total Findings
1
Repeat Findings

FY 2021-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on July 12, 2022. 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 January 12, 2023 (1318 days ago).

What is a management decision? →
2021-004
Special Tests & Provisions
REPEAT

The Foundation did not do an annual physical inventory at 6/30/21. Questioned Cost: $0. Cause: The Foundation did not comply with the Uniform Guidance requirements on performing an annual physical inventory of the food held at 6/30/21. Effect: The Foundation is not in compliance with Uniform Guidance 2 CFR 200. Recommendation: We recommend doing an annual physical inventory at year-end each year. Management Response: A physical inventory will be performed during the next year-end audit of 6/30/22.

Show full finding ▾
Full finding narrative

Criteria: An annual physical inventory should be performed in accordance with Uniform Guidance 2 CFR 200. Condition: The Foundation did not do an annual physical inventory at 6/30/21. Questioned Cost: $0. Cause: The Foundation did not comply with the Uniform Guidance requirements on performing an annual physical inventory of the food held at 6/30/21. Effect: The Foundation is not in compliance with Uniform Guidance 2 CFR 200. Recommendation: We recommend doing an annual physical inventory at year-end each year. Management Response: A physical inventory will be performed during the next year-end audit of 6/30/22.

Corrective Action Plan

2021-004 Condition: The Foundation did not do an annual physical inventory at 6/30/21. Plan: The Foundation will perform an annual physical inventory at year-end each year. Anticipated date of completion: 6/30/2022. Name of Contact person: Robert Hunt. Management response: A physical inventory will be performed during the next year-end audit of 6/30/2022.

Prior Finding References

2020-003

About Special Tests and Provisions →

FY 2020-06-30

FAC accepted this audit on September 6, 2021 — management decision was due March 6, 2022.

2020-003
Special Tests & Provisions

Criteria- An annual physical inventory should be performed in accordance with Uniform Guidance 2 CFR 200. Condition- The Foundation did not do an annual physical inventory at 6/30/20. Effect- The Foundation is not in compliance with Uniform Guidance 2 CFR200. Recommendation- We recommend doing an annual physical inventory at yearend each year. Management Response- A physical inventory will be performed during the next yearend audit of 6/30/21.

Show full finding ▾
Full finding narrative

Criteria- An annual physical inventory should be performed in accordance with Uniform Guidance 2 CFR 200. Condition- The Foundation did not do an annual physical inventory at 6/30/20. Effect- The Foundation is not in compliance with Uniform Guidance 2 CFR200. Recommendation- We recommend doing an annual physical inventory at yearend each year. Management Response- A physical inventory will be performed during the next yearend audit of 6/30/21.

Corrective Action Plan

The Foundation did not do an annual physical inventory at 6/30/20. The Foundation will perform an annual physical inventory at yearend each year. Anticipated date of completion- 6/30/21, Contact person- Robert Hunt, Management response- A physical inventory will be performed during the next yearend audit of 6/30/21.

About Special Tests and Provisions →

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.