REPORT DIGEST THE ILLINOIS LITERACY FOUNDATION FINANCIAL AUDIT FOR THE YEAR ENDED JUNE 30, 2023 Release Date: February 15, 2024 FINDINGS THIS AUDIT: 0 FINDINGS LAST AUDIT: 1 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 Illinois Literacy Foundation (Foundation) was created to promote literacy among the residents of the State of Illinois by supporting literacy programs and enhancing Statewide literacy awareness, to make grants and gifts in aid and support of the goal, and to engage generally in other lawful endeavors consistent with the foregoing purposes. This digest covers the financial statement audit of the Foundation as of and for the two years ended June 30, 2023. The Foundation’s compliance examination covering the two years ended June 30, 2023 will be released under a separate cover. AUDITOR’S OPINION The auditors stated the financial statements of the Foundation as of and for the years ended June 30, 2022, and June 30, 2023, are fairly stated in all material respects. This financial audit was conducted by Sikich, LLP. 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:SDW