REPORT DIGEST IMSA FUND FOR ADVANCEMENT OF EDUCATION FINANCIAL AUDIT FOR THE TWO YEARS ENDED JUNE 30, 2018 Release Date: February 6, 2018 FINDINGS THIS AUDIT: 0 FINDINGS LAST AUDIT: 0 State of Illinois, Office of the Auditor General FRANK J. MAUTINO, AUDITOR GENERAL To obtain a copy of the Report contact: Office of the Auditor General, Iles Park Plaza, 740 E. Ash Street, Springfield, IL 62703 (217) 782-6046 or TTY (888) 261-2887 This Report Digest and Full Report are also available on the worldwide web at www.auditor.illinois.gov INTRODUCTION The IMSA Fund for Advancement of Education (Fund) was incorporated February 6, 1986 as an Illinois not-for-profit corporation. The Fund serves as the primary source of private funding for the Illinois Mathematics and Science Academy (Academy). The primary functions of the Fund are to raise funds from the private sector, oversee the management and distribution of the Fund’s assets and to enrich the Academy’s education programs. Private sector contributions also provide resources to enhance the Academy’s continuing development as an educational laboratory for schools and teachers throughout the State. There were no material findings disclosed during our audit. AUDITOR’S OPINION The auditors stated the financial statements of the IMSA Fund for Advancement of Education as and for the year ended June 30, 2018 are presented fairly in all material respects. This financial audit was conducted by Washington, Pittman & McKeever, LLC. JANE CLARK Division Director This report is transmitted in accordance with Section 3-14 of the Illinois State Auditing Act. FRANK J. MAUTINO Auditor General FJM:DMG