Which individuals are NOT considered stakeholders in not-for-profit corporations?

In the context of not-for-profit corporations, stakeholders are individuals or groups that have an interest in the performance and activities of the organization. This typically includes those who contribute to, benefit from, or are affected by the organization's operations.

Stockholders are not considered stakeholders in not-for-profit corporations because these types of organizations do not have traditional ownership structures based on shares of stock. Unlike for-profit corporations, which are owned by individuals or entities holding stock and have a financial interest in the profitability of the organization, not-for-profits are focused on furthering a mission rather than generating profit for owners. Therefore, they do not issue shares or have stockholders in the traditional sense.

In contrast, donors, volunteers, and board members play integral roles in the functioning of not-for-profit organizations. Donors provide financial support, volunteers donate their time and services, and board members govern the organization, making strategic decisions to ensure it fulfills its mission. Thus, stakeholders in a not-for-profit context are those who contribute in various ways to the success and sustainability of the organization, further differentiating them from entities with stockholder relationships.