Who Owns A Non Profit Organization?

No one owns a nonprofit. The Board of Directors is responsible for the organization but they do not own it the way an individual or partners own a for-profit business. Owners of a business get to pocket profits. Profits in a 501(c)(3) nonprofit are called surpluses, and they must be plowed back into the organization. No individual is allowed to profit from a nonprofit. If the Board votes to dissolve the organization, the assets have to be distributed to a nonprofit with a similar mission.

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