answersLogoWhite

0


Best Answer

Actually, with nonprofits there is a way for say the founder to make sure they can't be voted out or that the board doesn't decide to go another direction. When the bylaws are written it is possible to have one or more of the board members assigned the voting rights. Almost like a for profit can have different levels of stock, except of course nonprofits don't need stock, but if you are the founder of a nonprofit, and as a board has to be assigned to get approval for nonprofit status, it may in some cases make sense to have the authority of the vote assigned to the founding member

Surely thequestion makes sense only if the non-profit has assets/property which need managing. That being so, how is the managing controlled? As a corporation the non-profit will have directors - who will have apparent control? If all directors serve for an indefinite term , and if appointment of a repacement director is done by the diectors, the directors surely control everything hence are the owners.

At the other extreme if all directors are elected and/or subject to recall by a defined body of voters, and if the corporate bylaws are subject to approval/amendment by that body, then ownership at any tie surely lies in that body

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

13y ago

you are the owner ..

This answer is:
User Avatar

User Avatar

Wiki User

11y ago

no

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can a non-profit corporation have an owner?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can nonprofit organizations be incorporated?

Yes, nonprofit organizations can be incorporated as either a nonprofit corporation or a not-for-profit corporation, depending on the state in which they are located. Incorporating provides the organization with legal protection and allows it to apply for tax-exempt status.


Is coka-cola a nonprofit organization?

No, it is a for profit corporation.


Where is the Aslett Clean World Foundation A Nonprofit Corporation in Pocatello Idaho located?

The address of the Aslett Clean World Foundation A Nonprofit Corporation is: Po Box 700, Pocatello, ID 83204-0700


Where is the Ogden Pioneer Heritage Foundation A Nonprofit Corporation in Ogden Utah located?

The address of the Ogden Pioneer Heritage Foundation A Nonprofit Corporation is: Po Box 150092, Ogden, UT 84415-0092


Where is the Friends Of Linwood Arboretum A Nj Nonprofit Corporation in Linwood New Jersey located?

The address of the Friends Of Linwood Arboretum A Nj Nonprofit Corporation is: Po Box 157, Linwood, NJ 08221


What rate of output is appropriate for a nonprofit corporation?

The rate of output for a nonprofit corporation is based on the number of people they are able to help. The number will vary depending on the amount of trained professionals the non profit organization has.


What is the difference between corporation and nonprofit corporation?

A corporation such as Microsoft tries to make as much profit as possible where as a non profit Corporation such as a hospital isn't looking to make money


Who is the owner and ceo of aldrtz corporation?

The owner of Aldrtz corporation is Ritchie Corpus


Where is the Ralston Cider Mill A Nj Nonprofit Corporation in Mendham New Jersey located?

The address of the Ralston Cider Mill A Nj Nonprofit Corporation is: 303C Mendham Rd W, Mendham, NJ 07945-3059


Where is the Alfa Art Center A Nj Nonprofit Corporation in New Brunswick New Jersey located?

The address of the Alfa Art Center A Nj Nonprofit Corporation is: 108 Church St, New Brunswick, NJ 08901-2002


Who decides who will be a moderator in the presidential debates?

The Commission on Presidential Debates, a nonprofit, nonpartisan corporation.


Can a governmental agency form a nonprofit corporation?

yes because aliens wear hats