Volunteer: Two-Year Independent Financial Audit (CPA Required)
Scope of Work
- Coverage of PYT’s financial statements for the last two fiscal years
- Review of accounting records, supporting documentation, and internal controls
- Identification of any material weaknesses or compliance gaps
- Delivery of audited financial statements (or audit report) in accordance with nonprofit accounting standards (GAAP)
- Offering recommendations for strengthening financial systems and audit readiness going forward
Volunteer Qualifications
- Active CPA license
- Experience conducting nonprofit audits
- Familiarity with Form 990 and nonprofit compliance standards
- Experience with QuickBooks or similar accounting software
Deliverables
- Independent auditor’s report
- Audited financial statements for 2 fiscal years
- Management letter (if applicable) with recommendations
- Brief presentation (optional) to leadership/board summarizing findings
Pay Your Tuition Foundation
Pay Your Tuition Foundation exists to reduce barriers to higher education and help students avoid unnecessary student loan debt. The audit project directly supports our mission by:
- Strengthening our credibility with major funders
- Increasing our eligibility for foundation and corporate grants
- Improving financial transparency and governance
- Positioning us to scale programs that support students in accessing tuition-free education pathways
Mission
At PYTF, we are dedicated to empowering underserved communities through innovative financial solutions. We strive to make higher education accessible and sustainable, recognizing the significant funding gaps that hinder many low to moderate-income undergraduate students from starting, staying in, and completing their degrees. Research indicates that financial obstacles account for 50% of the reasons why low-income students fail to complete their degrees. Our vision is to reshape the socioeconomic landscape by ensuring equitable access to education. Through our Student Loanership product offering—a unique blend of loan and scholarship—we connect families and banks to groundbreaking financing solutions. By harnessing technology and data, we bridge the higher education funding gap. Our program not only revolutionizes the scholarship industry but also places a strong emphasis on student advocacy, championing the financial interests, needs, and overall well-being of students.