Nonprofit status carries with it a specific set of obligations for the owners and managers of the company. Increasingly, this status is coming under scrutiny by the government and private contributors. Public and private supporters want to be sure that not for profit organizations operate legally and ethically. Organizational transparency is an important tool of nonprofit leadership that helps convey to supports that the business is operating in accordance with the law and the company’s mission, vision and values.

Benefits of Nonprofit Status

According to the article, "What are the benefits and drawbacks of nonprofit tax exempt status?" published on findlaw, not for profit standing offers a number of advantages as well as responsibilities. These include:

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