bParati Nonprofit Icon

Nonprofit coalitions are corporations

 
nonprofit foundational services Image

Like for-profit corporations, nonprofit corporations, need banking, accounting and insurance services, and may need to engage legal services if the situation warrants.

why incorporate your healthcare coalition

incorporating as a nonprofit provides benefits to the coalition that help pave the way to self sustainability

Incorporating provides several important benefits for the healthcare coalition:

  • Registers the coalition’s name as a corporate entity
  • Limits the personal liability of the coalition's directors and members
  • Adds credibility to the coalition and its brand
  • Allows the coalition to apply for grants directly from the state and other potential funding entities
  • Allows the coalition to earn unrestricted revenue through delivery of services 
  • Eliminates inconsistent third-party interpretations of how restricted funds may and may not be used
  • The coalition retains legal ownership of all assets purchased
  • Paves the way to applying for 501(c) federal tax exemption
  • Empowers coalition's Board of Directors to interpret grant guidance from the state and other grantors

501(c)(3), tax deductible coalition

incorporating as a nonprofit does not require a healthcare coalition to apply for 501(c)(3) designation

nonprofit 501(c)(3) Image

Contrary to popular belief, taking a healthcare coalition nonprofit is not one and the same as taking it 501(c)(3). Becoming a nonprofit corporation is a state action that makes the coalition a legal entity, whereas obtaining a 501(c)(3) designation from the Internal Revenue Service (IRS), is a federal thing. The 501(c)(3) designation is optional and can be done at a later date.

Learn more about taking your healthcare coalition 501(c)(3)

healthcare coalition governance

coalition governance changes little when transitioning to independent nonprofit status

Healthcare Coalition Governing Documents

Healthcare coalitions that establish independent nonprofit corporations must concern themselves with living by the requirements of their corporate charter. For coalitions using third-party fiduciary agents, governance starts with their bylaws.

Learn more about healthcare coalition governance


contact us

(217) 953-0843

Home Base: 600 Wind Meadow Dr.
Chatham, Illinois  62629, USA

Message:    us a  

About bParati

We are laser focused on ASPR Healthcare Capability 1, the Foundation for Healthcare & Medical Readiness. We help healthcare coalition leaders lay the foundation for effective, sustainable organizations that deliver value to their members ... learn more