Not-for-Profit

We are your biggest advocates.

Your organization is here for a reason. You have a mission to accomplish and you’re going to drive hard every day to meet that challenge. Blue & Co. understands the day-to-day management issues and ever-present operational concerns — such as internal controls, segregation of duties, management effectiveness, and board development — and we offer practical solutions that add value.

It is our mission to support your mission. We want to stand with you, not only as your business partner, but as an invaluable resource to promote your services in the community. We believe in our not-for-profit clients and are dedicated to helping you carry out your vision. Let us be a partner to you as you drive your organization to succeed.

Who we serve.

We serve not-for-profit organizations in a variety of industries. Some firm specialties include:

  • Healthcare Organizations
  • Fraternal Organizations
  • Higher Education Entities
  • Community Foundations
  • Social Service Groups
  • Trade Organizations
  • Private and Corporate Foundations

Services Overview

  • Audits and reviews of financial statements
  • Monthly, quarterly, or annual compilations of financial statements
  • Agreed-upon procedures to address specific financial objectives
  • Form 990 and related state informational returns
  • State property tax exemptions and minimization
  • Public support projections and forecasts
  • Unrelated business income tax strategies
  • Graphical trend analysis and peer comparisons
  • Information concerning best practices in our client base
  • Recommendations on internal controls and suggestions for improvements
  • Additional benefits and offerings
  • Email newsletter for timely and relevant updates about emerging issues in your industry
  • Bookkeeping and reconciliation services
  • Development of profit plans and budgets to address sustainability issues
  • Consulting on new accounting standards and their impact on your organization
  • Employee benefit plan development and administration
  • Cyber risk assessments and internal control consulting

Testimonials

  • “Doug and Ann Marie have been very quick to respond and always provide whatever is needed quickly. Being new to this industry, it is great to have someone easy and quick to contact when needed.”

    Tim Johnson

    Alpha Chi Omega Fraternity Inc.

Exempt Organization Highlights of Spending Package’s Tax Law Changes

Exempt Organization Highlights of Spending Package’s Tax Law Changes

While the Further Consolidated Appropriations Act, 2020 (Act) brought about extensions for certain credits and deductions, it also brought the following two changes for exempt organizations: Parking Tax Retroactively Repealed The Parking Tax imposed under Internal Revenue Code Section 512(a)(7) has now been retroactively repealed.  Exempt organizations will no longer owe this tax and are […]

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Gift Acceptance Policies

Gift Acceptance Policies

Having sound governance policies to accomplish an organization’s mission encourages operational and managerial efficiency. Organizations that receive more than $25,000 in non-cash contributions are required to file a Schedule M with their Form 990. For those organizations, they have already been confronted with the question of having a gift acceptance policy. Regardless, if an organization […]

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Federal Perkins Loan Program Update

Federal Perkins Loan Program Update

Updates to the Federal Perkins Loan Program continue as the Department of Education (“Department”) proceeds to wind down the program. During the fall, the Department issued several announcements including literature on the reimbursement for Perkins Service Cancellation, distributions of assets from the Revolving Loan Fund, and the assignment of Perkins Loan in default for two […]

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Connect with our team.

To learn more about the industries we work with, contact our team here.

Send us a message.