EIN: 660899991
UEI: RN9LNRX989R9
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 24, 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 October 24, 2025 (307 days ago).
What is a management decision? →FINDING NO. 2022-001 REPORT SUBMISSION - CRITERIA Report submission (a) General- (1) The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report(s) or nine months after the end of the audit period (whichever is earlier). The cognizant agency for audit or oversight agency for audit (in the absence of a cognizant agency for audit) may authorize an extension when the nine-month timeframe would place an undue burden on the auditee. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day. (2) The auditee must make copies available for public inspection unless restricted by Federal statute or regulation. Auditees and auditors must ensure that their respective parts of the reporting package do not include protected personally identifiable information. PART 200—Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards Subpart F—Audit Requirements 200.512 Report submission. CONDITION Activities Allowed or Unallowed and Allowable Cost/Cost Principles- During our field work we noted that the entity did not comply in submitting the audit report package according to due dates stated in the regulations. EFFECT - BTPR is not in compliance with the according regulations. POTENTIAL EFFECT -The cognizant agency may hold the program funds until receive the corresponding audit report package. QUESTIONED COSTS -$0.00 CAUSE -BTPR was not prepared on a timely basis for the audit and therefore did not send audit package according to regulations. RECOMMENDATION - The management should establish adequate procedures to perform the audit on a timely basis and filed the audit package according to regulations. VIEWS OF RESPONSIBLE OFFICIALS- See the Corrective Action Plan for details of action required.
Show full finding ▾Hide full finding ▴FINDING NO. 2022-001 REPORT SUBMISSION - CRITERIA Report submission (a) General- (1) The audit, the data collection form, and the reporting package must be submitted within 30 calendar days after the auditee receives the auditor's report(s) or nine months after the end of the audit period (whichever is earlier). The cognizant agency for audit or oversight agency for audit (in the absence of a cognizant agency for audit) may authorize an extension when the nine-month timeframe would place an undue burden on the auditee. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day. (2) The auditee must make copies available for public inspection unless restricted by Federal statute or regulation. Auditees and auditors must ensure that their respective parts of the reporting package do not include protected personally identifiable information. PART 200—Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards Subpart F—Audit Requirements 200.512 Report submission. CONDITION Activities Allowed or Unallowed and Allowable Cost/Cost Principles- During our field work we noted that the entity did not comply in submitting the audit report package according to due dates stated in the regulations. EFFECT - BTPR is not in compliance with the according regulations. POTENTIAL EFFECT -The cognizant agency may hold the program funds until receive the corresponding audit report package. QUESTIONED COSTS -$0.00 CAUSE -BTPR was not prepared on a timely basis for the audit and therefore did not send audit package according to regulations. RECOMMENDATION - The management should establish adequate procedures to perform the audit on a timely basis and filed the audit package according to regulations. VIEWS OF RESPONSIBLE OFFICIALS- See the Corrective Action Plan for details of action required.
Title: Audit Submission and Financial Recovery for Bluetide Puerto Rico Inc. Author: Danixa Rivera-Merced, Executive Director Date: March 3rd,2025 1. Background: • Organization: Bluetide Puerto Rico Inc. Action Plan • Issue: Inability to complete and submit the 2022 audit on time due to delays in reimbursement from the Economic Development Administration (EDA) and subsequent grant suspension. 2. Timeline of Events: • March 2023: o Bluetide Puerto Rico Inc. was awaiting reimbursement from the EDA for over two months. o EDA suspended the grant due to findings, leading to the organization using its operational funds to sustain operations, resulting in a negative budget. • Resolution of Findings: o The executive director, Danixa Rivera-Merced, clarified and resolved the findings. time limit. 3. Current Status: o The EDA reactivated the grant and made the reimbursements, but it was too late to submit the 2022 audit within the original Tel. 787-727-8980 P.O. Box 13832 San Juan, PR 00908 • Bluetide Puerto Rico Inc. is now recovering its financial continuous. • The organization is no longer dependent on federal funds to maintain operations. • The 2022 audit has completed for submission. 4. Action Steps: 1. Audit Submission: o Submit the 2022 audit to the relevant authorities as soon as possible, highlighting the extenuating circumstances that led to the delay. o Ensure all financial documents and evidence of the reimbursement delays and grant suspension are included. 2. Financial Recovery: o Continue to monitor and manage the organization's financial health to ensure sustained recovery. o Implement a robust financial management system to avoid future sole sourced dependencies on federal funds. 3. Future Audits: o Set aside budget and time resources to carryout required financial audits in a timely manner. o Implement a tracking system for grants and reimbursements to avoid future delays. o Ensure all necessary audits are processed as per regulatory requirements. 4. Communication: o Communicate the situation to stakeholders to maintain transparency. o Provide updates on financial recovery and plans for audits and funding management. Tel. 787-727-8980 P.O. Box 13832 San Juan, PR 00908 5. Monitoring and Evaluation: • Quarterly review and assess the progress of the action steps outlined above. • Adjust the plan as necessary to ensure financial stability and compliance with Bluetide Puerto Rico Inc.
FAC accepted this audit on February 14, 2023 — management decision was due August 14, 2023.
FINDING NO. 2021-001 ? Allowable costs/ SBA Paycheck Protection ProgramCRITERIA? 200.403 Factors affecting allowability of costs.Except where otherwise authorized by statute, costs must meet the following general criteria in order to be allowable under Federal awards:(f) Not be included as a cost or used to meet cost sharing or matching requirements of any other federally-financed program in either the current or a prior period. See also ? 200.306(b).(g) Be adequately documented. See also ?? 200.300 through 200.309 of this part.? 200.405 Allocable costs.(a) A cost is allocable to a particular Federal award or other cost objective if the goods or services involved are chargeable or assignable to that Federal award or cost objective is in accordance with relative benefits received. This standard is met if the cost:(1) Is incurred specifically for the Federal award;(c) Any cost allocable to a particular Federal award under the principles provided for in this part may not be charged to other Federal awards to overcome fund deficiencies, to avoid restrictions imposed by Federal statutes, regulations, or terms and conditions of the Federal awards, or for other reasons. However, this prohibition would not preclude the non-Federal entity from shifting costs that are allowable under two or more Federal awards in accordance with existing Federal statutes, regulations, or the terms and conditions of the Federal awards.CONDITIONOn May 18, 2020, BTPR receive an SBA Paycheck Protection Program for the amount of $16,474.35 to cover employes salaries during pandemic of COVID-19 period. During the same period, BTPR request to EDA advances to cover the salaries creating double dipping to obtain money from different sources for the same purposes. The SBA Paycheck Protection Program was fully forgiven on January 9, 2021.EFFECTRequest funds of $16,474.35 from two different federal sources for the same purposes.BLUETIDE PUERTO RICO, INC.SCHEDULE OF FINDINGS AND QUESTIONED COSTSYEAR ENDED DECEMBER 31, 2021FEDERAL PROGRAM FINDINGS AND QUESTIONED COSTS (CONTINUE)ALLOWABLE COST/COST PRINCIPLE (CONTINUE)FINDING NO. 2021-001 ? Allowable costs/ SBA Paycheck Protection Program (continue)QUESTIONED COSTS $16,474.35CAUSEThe management unknow the regulations requirements and request funds for the same expenses in two different federal agencies.RECOMMENDATIONSBTPR must comply with established regulations and designate human resources to monitor compliance with regulations. In addition, BTPR must returned the questioned costs of $16,474.35 to EDA.VIEWS OF RESPONSIBLE OFFICIALSSee the Corrective Action Plan for details of action required.
Show full finding ▾Hide full finding ▴FINDING NO. 2021-001 ? Allowable costs/ SBA Paycheck Protection ProgramCRITERIA? 200.403 Factors affecting allowability of costs.Except where otherwise authorized by statute, costs must meet the following general criteria in order to be allowable under Federal awards:(f) Not be included as a cost or used to meet cost sharing or matching requirements of any other federally-financed program in either the current or a prior period. See also ? 200.306(b).(g) Be adequately documented. See also ?? 200.300 through 200.309 of this part.? 200.405 Allocable costs.(a) A cost is allocable to a particular Federal award or other cost objective if the goods or services involved are chargeable or assignable to that Federal award or cost objective is in accordance with relative benefits received. This standard is met if the cost:(1) Is incurred specifically for the Federal award;(c) Any cost allocable to a particular Federal award under the principles provided for in this part may not be charged to other Federal awards to overcome fund deficiencies, to avoid restrictions imposed by Federal statutes, regulations, or terms and conditions of the Federal awards, or for other reasons. However, this prohibition would not preclude the non-Federal entity from shifting costs that are allowable under two or more Federal awards in accordance with existing Federal statutes, regulations, or the terms and conditions of the Federal awards.CONDITIONOn May 18, 2020, BTPR receive an SBA Paycheck Protection Program for the amount of $16,474.35 to cover employes salaries during pandemic of COVID-19 period. During the same period, BTPR request to EDA advances to cover the salaries creating double dipping to obtain money from different sources for the same purposes. The SBA Paycheck Protection Program was fully forgiven on January 9, 2021.EFFECTRequest funds of $16,474.35 from two different federal sources for the same purposes.BLUETIDE PUERTO RICO, INC.SCHEDULE OF FINDINGS AND QUESTIONED COSTSYEAR ENDED DECEMBER 31, 2021FEDERAL PROGRAM FINDINGS AND QUESTIONED COSTS (CONTINUE)ALLOWABLE COST/COST PRINCIPLE (CONTINUE)FINDING NO. 2021-001 ? Allowable costs/ SBA Paycheck Protection Program (continue)QUESTIONED COSTS $16,474.35CAUSEThe management unknow the regulations requirements and request funds for the same expenses in two different federal agencies.RECOMMENDATIONSBTPR must comply with established regulations and designate human resources to monitor compliance with regulations. In addition, BTPR must returned the questioned costs of $16,474.35 to EDA.VIEWS OF RESPONSIBLE OFFICIALSSee the Corrective Action Plan for details of action required.
IssueOn May 18, 2020, Bluetide Puerto Rico Inc. (BTPRI), received assistance under the SBA Paycheck Protection Program in the amount of $16,474.35 to cover employee wages during the pandemic resulting from COVID 19. During the same period, BTPRI requested advance payments to cover salaries creating double dip to obtain money from different sources for the same purpose. The SBA Paycheck Protection Program was fully forgiven on January 9, 2021, and resulted in a request for funds of $16,474.35 from two different federal sources for the same purposes. The current administration requests the investigation and resolution of the matter upon discovering the findings because the previous administration was unaware of the regulatory requirements and as a result requested funds for the same expenses in two different federal agencies.Auditor?s RecommendationBTPR must comply with established regulations and designate human resources to monitor compliance with regulations. In addition, BTPR must returned the questioned costs of $16,474.35 to EDA.Responsible Official ResolutionI, Danixa Rivera Merced, Executive Director of Bluetide Puerto Rico Inc., accept the resolution provided by the Auditor and approve the immediate return of the money to the corresponding agency
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