Incorporators: Incorporators are the individuals who initiate the process of establishing the Not-For-Profit organization. They file the necessary paperwork with the appropriate government agency to legally form the organization. In many cases, the incorporator can be an attorney or a service company that specializes in Not-For-Profit formations. Once the organization is formed, the incorporator’s role is typically complete. Board of Directors: The board of directors is a group of individuals elected by the members to oversee the management of the organization. They make high-level decisions and set the strategic direction of the organization. Directors are responsible for appointing officers and they have a fiduciary duty to protect the interests of the members. Officers: Officers are individuals appointed by the board of directors to manage the day-to-day operations of the organization. Common officer positions include the Executive Director, Chief Financial Officer (CFO), and Chief Operating Officer (COO). Officers are considered employees of the organization and they carry out the strategies set by the board of directors. Members: Members are the stakeholders of the Not-For-Profit organization. They do not hold shares of stock, as Not-For-Profit organizations do not issue stock. Members have the right to vote on major organizational decisions, such as electing directors. Unlike shareholders in a corporation, members do not receive dividends, as any profits made by the organization are reinvested back into the organization’s mission.