bParati Nonprofit Icon

Nonprofit coalitions are corporations

bParati.com 4.0 is on the way

Forgive us for being quiet lately, we've been bit busy. Within weeks we will take bParati.com 4.0 live, and it's more than just a pretty new face. Sure, it will be packed with much needed features, but the real power is under the hood. We invested much to the  technology that will power the bParati healthcare coalition network, which will allow us to stream our content, fully formatted, to healthcare coalition websites in real time. When we publish a new resource, you get it on your coalition website– delivering excellent value to your members.  Stay tuned.

Karl schmitt

Karl SchmittFounder & CEO


 
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