A financial audit for the foundation that handles fundraising for Canyon Crest Academy is now out, and the students who spurred the audit said they feel vindicated.
Auditors found inaccurate financial reporting, missing records and more.
“Many of our key points were vindicated by the report," Litong Tian said. "For example, they confirmed that the foundation failed to disclose salaries under IRS form 990s, which was what we claimed. They confirmed that their balance sheets did not line up — another one of our claims.”
Last year, Tian, along with Kevin Wang, they found with the bookkeeping at Canyon Crest Academy Foundation (CCAF). The Foundation raises and manages money for student clubs.
In their report, Wang and Tian found that the foundation charges significantly higher fees than ot