should the board establish a not-for-profit c orporation?
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Should the Board Establish a Not-for-Profit C orporation?. October 2012 Branson, MO. The Question. Are there benefits to the NFHP if the board established a not-for-profit corporation?. NFHP Now. - PowerPoint PPT PresentationTRANSCRIPT
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Should the Board Establish a
Not-for-Profit Corporation?
October 2012Branson, MO
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The Question• Are there benefits to the NFHP if the
board established a not-for-profit corporation?
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NFHP Now• A coalition of federal, state, and tribal governments, and
NGOs (seeking to add more business representatives) seeking common goals.– In business-speak, we’re a “strategic alliance.”– In government-speak, we’re a “partnership.”
• We function through services provided by members.– e.g., NFWF and AFWA the “banks.”
• Achieved significant accomplishments on path to organizational maturity.– Clear strategic direction.– Excellent governance structure.– Highly functioning staff.
• Resources tightening.
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Why Incorporate?• Incorporation is a STRATEGY to help achieve
specific objectives or ends.• Incorporation is NOT AN OBJECTIVE itself.• It may be a good strategy for us in the context of:
– “Business”• Protecting assets.• Reducing liability and risk.
– “Growth”• Building/capitalizing on initiative.• Growing and making best use of limited resources.
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Some Potential Benefits• Allow for direct funding by foundations.• Allow for “membership” revenue from partner
coalition or individual members.• Leverage project funding for dedicated staff.• Allow net assets to grow.
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The Concerns Raised• These are just some of the concerns
– Federal agency reps on the board.– Setting up a new corporation costs money.– We already have a functioning governance
structure.– Does it conflict with the NFHCA?
• We’d like to hear more about thoughts you have
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A ModelMission/Goals
Purpose, Direction
ProgramsConservation Delivery by
Board and FHPs
Strategies2nd Edition Action PlanStrategic Issues
ManageNFHP Staff
“Facilitate”501(c)(3)
GovernNational Fish Habitat
Board
• Corporate Directors selected by and Responsible to
NFH Board
$