The Coronavirus Update web page offers answers to some frequently asked questions, and chapter advisors, district officers, and Theta staff are also resources for you.
As you know, keeping a board in compliance with IRS regulations is hard work! Not only does the treasurer have to pay bills, collect rent and facility fees from the chapter, keep up with monthly financial statements and depreciating fixed assets, she also needs to make sure property tax returns, 990 tax returns, and state required reports are completed. We recognized a need for helping corporations keep up with all federal, state and financial requirements that come with being recognized as a 501c7 exempt organization with the IRS.
You may have received an email from MJ Insurance that included new compulsory controls they are recommending. In that email, they mention that FCS is an acceptable third-party accounting firm. Our goal is and always has been to keep both our dedicated volunteers and the Fraternity safe from fraud or the appearance of fraud.