Non-Profit Organizations And Nonprofit Organizations

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Why are nonprofit organizational boards held accountable to so many different people and groups? For starters, unlike for profit organizations, nonprofits do not have owners in which they have to manage a single bottom line in regards to their interests and profit margins. According to the lecture notes, nonprofits are held accountable to multiple stakeholders which include board members, supporters, beneficiaries and users, paid and voluntary staff, contractors and cooperating organizations, and public agencies such as regulatory agencies. Nonprofit boards have to manage multiple responsibilities which may affect their duties to the organization as well as the society they serve. (Worth, 2017, p.99) Nonprofit boards also have to decide which