EIN: 560530005
UEI: MJEQCK9FLF61
Audited by: Brown, Edwards, and Company LLP
Oversight agency: 84 [Department of Education]
View federal awards & risk assessment →
Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 11, 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 September 11, 2026 (4 days from today).
What is a management decision? →FAC accepted this audit on January 13, 2025 — management decision was due July 13, 2025.
FAC accepted this audit on January 4, 2024 — management decision was due July 4, 2024.
FAC accepted this audit on November 17, 2022 — management decision was due May 17, 2023.
FAC accepted this audit on March 30, 2022 — management decision was due September 30, 2022.
FAC accepted this audit on May 24, 2021 — management decision was due November 24, 2021.
The College does not have a policy in place documenting specific risks identified in relation to the Gramm-Leach-Bliley Act, or safeguards to address identified risks. Cause: Oversight in recording formal documentation of (i) risks identified and (ii) safeguards to such risks. Effect: The College is not in compliance with the requirement to follow the Gramm-Leach-Bliley Act Questioned costs: None. Context: The College does not have in place the required formal documentation. Repeat finding: No Recommendation: The College should implement a policy to ensure it follows the Gramm-Leach Bliley Act requirements.
Show full finding ▾Hide full finding ▴Item 2020-003: Graham-Leach-Bliley Act U.S. Department of Education Student Financial Assistance Cluster Criteria or specific requirement: The Gramm-Leach-Bliley Act (Public Law 106-102) requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data. The Federal Trade Commission considers Title IV-eligible institutions that participate in Title IV Educational Assistance Programs as financial institutions and subject to the Gramm-Leach-Bliley Act (16 CFR313.3(k)(2)(vi). Under an institution?s Program Participation Agreement with the Department of Education and the Gramm-Leach-Bliley Act, schools must protect student financial aid information, with particular attention to information provided to institutions by the Department or otherwise obtained in support of the administration of the federal student financial aid programs. Condition: The College does not have a policy in place documenting specific risks identified in relation to the Gramm-Leach-Bliley Act, or safeguards to address identified risks. Cause: Oversight in recording formal documentation of (i) risks identified and (ii) safeguards to such risks. Effect: The College is not in compliance with the requirement to follow the Gramm-Leach-Bliley Act Questioned costs: None. Context: The College does not have in place the required formal documentation. Repeat finding: No Recommendation: The College should implement a policy to ensure it follows the Gramm-Leach Bliley Act requirements.
Identifying Number: 2020-003- Graham-Leach-Bliley Act Finding: The Gramm-Leach-Bliley Act (Public Law 106-102) requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data. The Federal Trade Commission considers Title IV-eligible institutions that participate in Title IV Educational Assistance Programs as financial institutions and subject to the Gramm-Leach-Bliley Act (16 CFR313.3(k)(2)(vi). Under an institution?s Program Participation Agreement with the Department of Education and the Gramm-Leach-Bliley Act, schools must protect student financial aid information, with particular attention to information provided to institutions by the Department or otherwise obtained in support of the administration of the federal student financial aid programs. The College does not have a policy in place documenting specific risks identified in relation to the Gramm-Leach-Bliley Act, or safeguards to address identified risks. Anticipated Completion Date: June 30, 2020 Contact Person: Paul Coscia, Assistant Vice President for Financial Aid Corrective Actions Taken or Planned: The College is working on drafting policies that address the specific risks identified within the Act and safeguards to those identified risks
FAC accepted this audit on November 7, 2019 — management decision was due May 7, 2020.
The reporting requirements discussed in the Criteria section were not met. Cause: Salem has experienced management turnover. Emphasis has been placed on remediating its financial probation with its accreditor resulting in Salem not identifying these compliance reporting requirements. Effect: These are discretionary triggers. If there is any required course of action, it will be determined and communicated to Salem by the ED at a later date. Context: Institutions are required to report to the ED when a financial or discretionary event occurs, generally within 10 days of a certain point in time (defined for each type of event), per 34 CFR 668.171(h). Salem's probationary accreditation status is a discretionary event under the guidance. Salem communicated this discretionary event to the ED but it was not within 10 days of the institution being notified of its probationary accreditation status. Additionally, 34 CFR 668.41 (i)(4 and 5) requires that such discretionary events be communicated via letter or e-mail to enrolled and prospective students within 30 days of the occurrence of the discretionary event. The guidance also requires that the discretionary event be the only substantive content of the communication. While a communication was provided to enrolled students within 30 days of the occurrence of the discretionary event, the discretionary event was not the only substantive content of the communication. Additionally, no communication was provided to prospective students. Further, 34 CFR 668.41 (i)(6) requires that the Institution provide a disclosure of the discretionary event in a simple and meaningful manner on the home page of the institution's Web site. Salem did not provide a disclosure in a simple and meaningful manner on the home page of its website. Recommendation: We recommend that Salem provide the required communications. We also recommend that Salem implement measures to prevent such compliance findings in the future. Views of responsible officials and planned corrective actions: Refer to the College?s Corrective Action Plan.
Show full finding ▾Hide full finding ▴2019-002: Communication Requirements for Discretionary Events Criteria: Institutions are required to report to the ED when a financial or discretionary event occurs, generally within 10 days of a certain point in time (defined for each type of event), per 34 CFR 668.171(h). 34 CFR 668.41 (i)(4 through 6) requires that such discretionary events be communicated via letter or e-mail to enrolled and prospective students, as well as displayed in a simple and meaningful manner on the home page of the Institution?s web site, within 30 days of the occurrence of the discretionary event. Condition: The reporting requirements discussed in the Criteria section were not met. Cause: Salem has experienced management turnover. Emphasis has been placed on remediating its financial probation with its accreditor resulting in Salem not identifying these compliance reporting requirements. Effect: These are discretionary triggers. If there is any required course of action, it will be determined and communicated to Salem by the ED at a later date. Context: Institutions are required to report to the ED when a financial or discretionary event occurs, generally within 10 days of a certain point in time (defined for each type of event), per 34 CFR 668.171(h). Salem's probationary accreditation status is a discretionary event under the guidance. Salem communicated this discretionary event to the ED but it was not within 10 days of the institution being notified of its probationary accreditation status. Additionally, 34 CFR 668.41 (i)(4 and 5) requires that such discretionary events be communicated via letter or e-mail to enrolled and prospective students within 30 days of the occurrence of the discretionary event. The guidance also requires that the discretionary event be the only substantive content of the communication. While a communication was provided to enrolled students within 30 days of the occurrence of the discretionary event, the discretionary event was not the only substantive content of the communication. Additionally, no communication was provided to prospective students. Further, 34 CFR 668.41 (i)(6) requires that the Institution provide a disclosure of the discretionary event in a simple and meaningful manner on the home page of the institution's Web site. Salem did not provide a disclosure in a simple and meaningful manner on the home page of its website. Recommendation: We recommend that Salem provide the required communications. We also recommend that Salem implement measures to prevent such compliance findings in the future. Views of responsible officials and planned corrective actions: Refer to the College?s Corrective Action Plan.
Identifying Number: 2019-002 ?Communication Requirements for Discretionary Events Finding: Institutions are required to report to the ED when a financial or discretionary event occurs, generally within 10 days of a certain point in time (defined for each type of event), per 34 CFR 668.171(h). Salem's probationary accreditation status is a discretionary event under the guidance. Salem communicated this discretionary event to the ED but it was not within 10 days of the institution being notified of its probationary accreditation status. Additionally, 34 CFR 668.41 (i)(4 and 5) requires that such discretionary events be communicated via letter or e-mail to enrolled and prospective students within 30 days of the occurrence of the discretionary event. The guidance also requires that the discretionary event be the only substantive content of the communication. While a communication was provided to enrolled students within 30 days of the occurrence of the discretionary event, the discretionary event was not the only substantive content of the communication. Additionally, no communication was provided to prospective students. Further, 34 CFR 668.41 (i)(6) requires that the Institution provide a disclosure of the discretionary event in a simple and meaningful manner on the home page of the institution's Web site. Salem did not provide a disclosure in a simple and meaningful manner on the home page of its website. Anticipated Completion Date: December 31, 2019 Salem Official Responsible for Corrective Action: Ken Buchanan, CFO and Scott Morin, Controller Corrective Action Taken: As it relates to timely communication of discretionary events to the ED, we originally notified the ED in November 2018. We will implement a process to mitigate such delays in future periods. As it relates to communication to enrolled and prospective students, we are in the process of drafting communication to enrolled and prospective students wherein our probation with our accreditor will be the only substantive content of the communication. As it relates to providing a disclosure on the home page of our website, we are working to provide a disclosure of the discretionary event in a simple and meaningful manner.
FAC accepted this audit on February 13, 2019 — management decision was due August 13, 2019.
FAC accepted this audit on January 22, 2018 — management decision was due July 22, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on April 25, 2017 — management decision was due October 25, 2017.
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.
Browse other Single Audit organizations in Virginia →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Add it to a monitored group and get alerted when a new audit, finding, repeat finding, or management-decision deadline shows up — instead of checking back.
Checking several at once? Portfolio view →
© 2026 Single Audit Intelligence. All data is public domain.
