News: Kentucky News

What's this about a subsidiary?

Thursday, September 21, 2017   (0 Comments)
Posted by: Leila Faucette
Share |

By: Danny Albertson, Beth Partin, Cathy Waits, Ellen Thomson, Judi Kuric, Carol Darwin, Leila Faucette


The Kentucky Coalition of Nurse Practitioners & Nurse-Midwives is a tax-exempt organization under IRS Code Section 501(c)(3). The Coalition was formed in 1988 to, among other things, provide education to Kentucky APRNs, and to improve access to care and health in Kentucky. In 2013, we began having conversations about whether certain of the Coalition’s activities might be better conducted out of a new organization. It seemed to us that some of the activities were also the type that can be conducted by a classic trade association (exempt under Section 501(c)(6). Using such an organization would allow us to carry out or expand certain activities that are better suited to an association.


During our annual general membership meeting, last April, an announcement was made about this new organization. We wanted to take some space in this newsletter to give you some background on the subject. For the Q&A below we’re calling the subsidiary the “Association” and our existing, parent organization the “Coalition.” While we refer to the Association as a “subsidiary,” it is not one in the traditional sense, since control is not maintained via stock ownership, but rather via board appointment.


Q. What exactly is occurring?
A. The Coalition is in the process of forming a new Kentucky nonprofit corporation, which will apply for exempt status under Section 501(c)(6) of the Code. The activities of the Coalition and the Association will be separate activities, but the two organizations will be tightly connected by virtue of the fact that the Coalition will appoint (and can remove) the board of directors of the Association.

 

Q. Why is the Coalition going to the trouble and expense of forming a subsidiary organization?
A. So that it can conduct certain activities, in type or magnitude, that a Section 501(c)(3) cannot, and to expand the reach and strength of the Coalition. This will help with our effort to move toward Full Practice Authority for the APRNs of Kentucky. The Coalition leadership, in fact the entire board of directors, is committed to putting all necessary resources toward this initiative.

 

Q. What does this subsidiary have to do with our legislative goals?
A. Section 501(c)(6) organizations do not have the limits on lobbying that Section 501(c)(3) organizations do. It is also the better vehicle for promoting the APRN profession and increasing its visibility in the Commonwealth. Unlike the Coalition, the Association will also be permitted to engage in political activities.

 

Q. Are there other considerations?
A. Yes, the Association has the potential to offer health insurance for purchase by its members and the Association can also work for more discounted relationships with vendors. These activities are off-limits to the Coalition.

 

Q. As a member of the Coalition, why should I support this decision to form the Association?
A. Because it strengthens Coalition through its common mission with the Association and allows the “system” to move into new areas.

 

Q. But I don’t want another membership. Must I participate with the Association?
A. We understand! The way this will work is that, by virtue of being a member of the Coalition, one will automatically be a member of the Association. There will be a single dues statement, with an allocation of dues set out on the statement. Your check will be made out to one organization, and that organization will transfer the other organization’s allocatable amount to that organization. In addition, there will be one website login.

 

Q. When is all this happening?
A. The plan, approved by the Coalition’s board of directors, is to roll out the Association’s proverbial red carpet shortly after January 1, 2018.


If you have other questions we didn’t cover here, please feel free to contact Danny Albertson at vice.president@kcnpnm.org ro join the Virtual Town Hall Meeting on Wed., October 4th at 7:00 PM Eastern/6:00 PM Central.

 

Join by video from PC, Mac, Linux, iOS or Android:
https://zoom.us/j/835393327

Or iPhone one-tap :
US: +16699006833,,835393327#

Or Telephone:
US: +1 669 900 6833 Meeting ID: 835 393 327

 

All members are encouraged to attend!


more Calendar

10/19/2017
Regional Meeting Ashland

10/19/2017
Regional Meeting Northern KY

10/19/2017
Regional Meeting Paducah

10/19/2017
Regional Meeting Owensboro

10/19/2017
Regional Meeting Louisville

10/21/2017
Prescribing Pearls: Clinical Tips for Your Daily Practice - Lexington, KY

10/23/2017
Regional Meeting Danville

.
Association Management Software Powered by YourMembership  ::  Legal