Comment by jongjong
1 hour ago
I'm using the term 'owners' loosely here, but this is a much more reasonable interpretation than the interpretation that the donors are the owners.
1 hour ago
I'm using the term 'owners' loosely here, but this is a much more reasonable interpretation than the interpretation that the donors are the owners.
I don't think you understand how non-profits work. Essentially they are exactly the same as for-profits, except they can't issue dividends. Ownership works exactly the same as for-profit companies.
A cynical take is that non-profits are for-salary; they still pay their owners, just using other means.
edit: no, my bad, apparently I misunderstood how non-profits work in the USA. Thanks for the correction :)
This is not correct. jongjong is correct that a nonprofit does not have owners in the sense that a for-profit has owners. Nonprofits are dedicated to their mission, and are run by a board of directors.
You cannot have a % ownership in a nonprofit because its resources must be used exclusively to carry out its mission. You could have a % control in its decision making process.