Should the Board Establish a Not-for-Profit Corporation? October 2012 Branson, MO

The Question Are there benefits to the NFHP if the board established a not-for-profit corporation?

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.

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.

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.

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

A Model Mission/Goals Purpose, Direction Programs Conservation Delivery by Board and FHPs Strategies 2 nd Edition Action Plan Strategic Issues Manage NFHP Staff Govern National Fish Habitat Board