Comment by granzymes
2 hours ago
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.
They're correct about the equity ownership bit, but not in their argument that there's an implicit public claim of control.