RESET TO SUCCESS FOUNDATION INC

EIN: 562616431

UEI: HH4YXJVCHGP9

Data as of August 22, 2026

RESET TO SUCCESS FOUNDATION INC2 audit years3 findings1 repeat
2
Audit Years
3
Total Findings
1
Repeat Findings

FY 2024-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 8, 2025. 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 8, 2026 (136 days ago).

What is a management decision? →
2024-001
Reporting
REPEAT

During our audit, we noted the Quarterly Financial Reports prepared for 2nd Quarter and 4th Quarter were prepared with errors due to timing of expenses requested for reimbursement. Cause: Management did not develop an adequate system for accounting and reporting of expenditures on the accrual basis as required by the instructions for Form ETA-9130. Effect: Reports prepared for 2nd Quarter and 4th Quarter contained inaccuracies. Recommendation: We recommend management develop an adequate system for accounting and reporting expenditures on the accrual basis of accounting as required by the instructions for Form ETA-9130. Additionally, we recommend management develop internal controls sufficient enough to ensure that the processes for accounting and reporting expenditures on an accrual basis of accounting are designed and operating effectively. Management's Response: With the input of our accounting firm, we will change our internal accounting and expenditure reporting procedures from cash to accrual basis, starting with the month of October 2025 reporting. This will be done in order to establish clear processes for tracking expenditures on the accrual basis, ensuring alignment with ETA-9130 reporting requirements. This will include training relevant staff.

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Full finding narrative

Federal Grantor: U.S. Department of Labor; Pass-through Grantor: Not applicable.; Federal Assistance Listing No.: 17.285; Program Title: Registered Apprenticeship; Award Year: 2024; Compliance Requirement: Reporting; Known Questioned Costs: Not applicable. Criteria: As outlined in the Funding Opportunity Announcement, Funding Opportunity Number FOA-ETA-23.09 for the Registered Apprenticeship program, management is required to submit Quarterly Financial Reports utilizing Form ETA-9130. These reports are due by the 15th day of the second month after each calendar-year quarter. Federal expenditures must be reported on an accrual basis. If the recipient's accounting system is not on an accrual basis, the recipient must develop and report such accrual information through best estimates based on an analysis of documentation on hand. Condition: During our audit, we noted the Quarterly Financial Reports prepared for 2nd Quarter and 4th Quarter were prepared with errors due to timing of expenses requested for reimbursement. Cause: Management did not develop an adequate system for accounting and reporting of expenditures on the accrual basis as required by the instructions for Form ETA-9130. Effect: Reports prepared for 2nd Quarter and 4th Quarter contained inaccuracies. Recommendation: We recommend management develop an adequate system for accounting and reporting expenditures on the accrual basis of accounting as required by the instructions for Form ETA-9130. Additionally, we recommend management develop internal controls sufficient enough to ensure that the processes for accounting and reporting expenditures on an accrual basis of accounting are designed and operating effectively. Management's Response: With the input of our accounting firm, we will change our internal accounting and expenditure reporting procedures from cash to accrual basis, starting with the month of October 2025 reporting. This will be done in order to establish clear processes for tracking expenditures on the accrual basis, ensuring alignment with ETA-9130 reporting requirements. This will include training relevant staff.

Corrective Action Plan

With the input of our accounting firm, we will change our internal accounting and expenditure reporting procedures from cash to accrual basis, starting with the month of October 2025 reporting. This will be done in order to establish clear processes for tracking expenditures on the accrual basis, ensuring alignment with ETA-9130 reporting requirements. This will include training relevant staff.

Prior Finding References

2023-002

About Reporting →

FY 2023-12-31

FAC accepted this audit on October 16, 2024 — management decision was due April 16, 2025.

2023-001
Other

During our audit, we noted that the Schedule of Expenditures of Federal Awards was not prepared with all of the required elements in accordance with 2 CFR 200. The Organization's current internal controls over preparation of the Schedule of Expenditures of Federal Awards are not sufficient enough to ensure correct reporting. Cause: Management failed to follow reporting requirements related to the Schedule of Expenditures of Federal Awards as outlined in 2 CFR 200. Effect: An accurate Schedule of Expenditure of Federal Awards was not prepared by management. Recommendation: We recommend management develop internal controls over reporting and consult with external consultants, if necessary, to ensure an accurate Schedule of Expenditures of Federal Awards is prepared. Management's Response: We will engage with an outside consultant/independent CPA firm to review and manage the internal control process. This corrective action will be implemented by December 31, 2024 by the Administrator and Board.

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Full finding narrative

Federal Grantor: U.S. Department of Labor; Pass-through Grantor: Illinois Department of Commerce; Federal Assistance Listing No.: All Programs; Program Title: All Programs. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires auditees to prepare an accurate Schedule of Expenditures of Federal Awards containing awards expended, assistance listing title and number, award number, name of the Federal agency, name of pass-through entity, and awards paid to subrecipients. Condition: During our audit, we noted that the Schedule of Expenditures of Federal Awards was not prepared with all of the required elements in accordance with 2 CFR 200. The Organization's current internal controls over preparation of the Schedule of Expenditures of Federal Awards are not sufficient enough to ensure correct reporting. Cause: Management failed to follow reporting requirements related to the Schedule of Expenditures of Federal Awards as outlined in 2 CFR 200. Effect: An accurate Schedule of Expenditure of Federal Awards was not prepared by management. Recommendation: We recommend management develop internal controls over reporting and consult with external consultants, if necessary, to ensure an accurate Schedule of Expenditures of Federal Awards is prepared. Management's Response: We will engage with an outside consultant/independent CPA firm to review and manage the internal control process. This corrective action will be implemented by December 31, 2024 by the Administrator and Board.

Corrective Action Plan

We will engage with an outside consultant/independent CPA firm to review and manage the internal control process. This corrective action will be implemented by December 31, 2024 by the Administrator and Board.

About Other →
2023-002
Reporting

During our audit, we noted the Quarterly Financial Reports prepared for 2nd Quarter, 3rd Quarter, and 4th Quarter were prepared with errors due to timing of expenses requested for reimbursement. Cause: Management did not develop an adequate system for accounting and reporting of expenditures on the accrual basis as required by the instructions for Form ETA-9130. Effect: Reports prepared for 2nd Quarter, 3rd Quarter, and 4th Quarter contained inaccuracies. Recommendation: We recommend management develop an adequate system for accounting and reporting expenditures on the accrual basis of accounting as required by the instructions for Form ETA-9130. Additionally, we recommend management develop internal controls sufficient enough to ensure that the processes for accounting and reporting expenditures on an accrual basis of accounting are designed and operating effectively. Management's Response: We will engage with an outside consultant/independent CPA firm to review and manage the internal control process. This corrective action will be implemented by December 31, 2024 by the Administrator and Board.

Show full finding ▾
Full finding narrative

Federal Grantor: U.S. Department of Labor; Pass-through Grantor: Not applicable.; Federal Assistance Listing No.: 17.285; Program Title: Registered Apprenticeship; Award Year: 2023; Compliance Requirement: Reporting; Known Questioned Costs: Not applicable. Criteria: As outlined in the Funding Opportunity Announcement, Funding Opportunity Number FOA-ETA-23.09 for the Registered Apprenticeship program, management is required to submit Quarterly Financial Reports utilizing Form ETA-9130. These reports are due by the 15th day of the second month after each calendar-year quarter. Federal expenditures must be reported on an accrual basis. If the recipient's accounting system is not on an accrual basis, the recipient must develop and report such accrual information through best estimates based on an analysis of documentation on hand. Condition: During our audit, we noted the Quarterly Financial Reports prepared for 2nd Quarter, 3rd Quarter, and 4th Quarter were prepared with errors due to timing of expenses requested for reimbursement. Cause: Management did not develop an adequate system for accounting and reporting of expenditures on the accrual basis as required by the instructions for Form ETA-9130. Effect: Reports prepared for 2nd Quarter, 3rd Quarter, and 4th Quarter contained inaccuracies. Recommendation: We recommend management develop an adequate system for accounting and reporting expenditures on the accrual basis of accounting as required by the instructions for Form ETA-9130. Additionally, we recommend management develop internal controls sufficient enough to ensure that the processes for accounting and reporting expenditures on an accrual basis of accounting are designed and operating effectively. Management's Response: We will engage with an outside consultant/independent CPA firm to review and manage the internal control process. This corrective action will be implemented by December 31, 2024 by the Administrator and Board.

Corrective Action Plan

We will engage with an outside consultant/independent CPA firm to review and manage the internal control process. This corrective action will be implemented by December 31, 2024 by the Administrator and Board.

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