Nonprofits take many different shapes and forms, but all have a variety of stakeholders—that is, individuals and entities with a stake in their work, either because it can benefit them or because it can harm them. Nonprofits formally have no shareholders—that is, no one is supposed to be personally enriched by the organization’s work. But the teeth in nonprofit accountability relationships—both in actual and legal terms—are often more commonly and carefully attended to when the organization is receiving money dependent on its compliance than they are when stakeholders have a more general moral call on its attention. Mapping the nonprofit stakeholder accountability with further exploring this approach is available here.
Source: NPQ