GRACE UNIVERSITY: Single Audit Reports and Findings
GRACE UNIVERSITY filed 3 single audits between 2016 and 2018; the most recently observed auditor is HSMC ORIZON LLC (2018), and the 2018 report lists 10 findings, including 1 material weakness. Data as of 2026-08-31.
Data as of Aug 31, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; GRACE UNIVERSITY is recorded in OMAHA, Nebraska under EIN 470384159, and the Clearinghouse records it as a nonprofit.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2018 | 2018-06-30 | $2,096,516 | $750,000 | HSMC ORIZON LLC | 10 | MW | 2018-06-CENSUS-0000069312 |
| 2017 | 2017-06-30 | $3,541,409 | $750,000 | HSMC ORIZON LLC | 10 | MW | 2017-06-CENSUS-0000069312 |
| 2016 | 2016-06-30 | $3,761,878 | $750,000 | HSMC ORIZON LLC | 0 | SD | 2016-06-CENSUS-0000069312 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 84.268 | FEDERAL DIRECT STUDENT LOANS | $1,643,470 | Yes |
| 84.063 | FEDERAL PELL GRANT PROGRAM | $398,645 | Yes |
| 84.033 | FEDERAL WORK-STUDY PROGRAM | $26,455 | Yes |
| 84.007 | FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS | $26,078 | Yes |
| 84.379 | TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) | $1,868 | Yes |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2018-003 | ACEGLN | Material weakness | Yes |
| 2018-004 | ACEGLN | Other | Yes |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits GRACE UNIVERSITY now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “GRACE UNIVERSITY Single Audits and Findings (NE).” https://getauditradar.com/single-audits/ne/grace-university-470384159/. Data as of 2026-08-31.