How Blue & Co. Helps Fraternal Organizations

Blue & Co., 2023-24 Platinum Alliance Partner

We provide superior service and value to our clients through the combination of great people, extensive not-for-profit industry knowledge, and a passionate service approach.

What distinguishes Blue & Co. from other public accounting firms?

  • Responsive service by a team dedicated to serving the accounting, tax and consulting needs of not-for-profit organizations, with a specialization in serving fraternity and sorority foundations and related national entities.
  • Continuity of contact by the engagement director and management team.
  • An entrepreneurial approach to resolving your organization’s issues.
  • Timely service built around your schedule to ensure your deadlines are met in an effective manner.
  • An experienced sounding board for management and the Board as you contemplate important decisions.
  • Proactive recommendations and ideas focused on improving the success of your organization.
  • Frequent updates on current not-for-profit developments through our free not-for-profit eBlast service, frequent webinars, and our emerging issues update letters.
  • Benchmarking and trend analysis to help you understand emerging patterns as well as how your organization compares to others in the industry, with direct comparisons to peer fraternity and sorority foundations.
  • Availability of a wide range of other service offerings to meet your changing needs.

How have we helped our fraternal clients lately?

We have consulted with several fraternal organizations on entity structures. For national fraternity headquarters, this may include moving investments to a separate title holding company exempt from tax under IRC Section 501(c)(2).

On the national housing side, we help clients determine the best tax structure for adding local housing corporations to the national organization through single member LLCs or title holding companies.

We work with all of our fraternity clients on managing set aside funds, both from the financial statement disclosures perspective to identifying elegible expenses. Further, we are finding that in today’s remote work environment, more national headquarters are downsizing and relocating to smaller facilities. As this is potentially a taxable event, we help clients look for solutions to defer any gain on the sale.

On the chapter side, we can help revoked chapters regain their tax-exempt status and manage individual chapter annual filings, or filing a group return if they don’t file individually. We have successfully helped dozens of chapters regain their tax-exempt status with minimal follow-up from the IRS during the process.

Want to learn more?

Readers can access our Blue & Co. Fraternal Thought Leadership page here.

Blue & Co., LLC is an independent accounting and advisory firm with more than 450 people in 10 offices across Indiana, Ohio, and Kentucky. We are dedicated to helping clients carry out their visions and impact their communities. At Blue & Co., we are committed to taking care of your organization holistically. This is why more than 50 fraternal organizations trust Blue & Co. to serve their organization in a variety of ways. We understand the important work your organization does, and we take pride in our abilities to provide specialized expertise in the realm of accounting, assurance, tax and consulting as it relates to the fraternal industry.

Questions? Contact Us!

Annmarie Novotney
Email Annmarie

Angela Crawford, CPA
Email Angela