Do non profit companies have shareholders?

Nonprofit

companies do not have shareholders. Board members are considered

the collective owners of an organization and are ultimately

responsible for that organization.

Boards of

directors are responsible for securing resources, acting as the

fiduciary responsible agent, setting policy and hiring, supporting

and evaluating the executive. The executive is expected to support

the board, lead the staff, ensure the agency is meeting its

mission, acting as good stewards of the community's resources and

upholding all organizational policies and the law.