Final answer:
The statement 'Facilitating profit maximization' is NOT a key reason for IT being essential in managing nonprofit organizations, as nonprofits aim to fulfill a mission rather than maximize profits.
Step-by-step explanation:
When analyzing which of the following statements is NOT a key reason that information technology (IT) is essential to managing nonprofit organizations, we need to address the specific functions and goals of these entities. Nonprofit organizations are not focused on generating profits but instead on fulfilling their mission. While IT can play a myriad of roles, including enhancing communication and collaboration, improving operational efficiency, and supporting data-driven decision-making, it does not aim to facilitate profit maximization in the context of a nonprofit. Profit maximization is a typical goal of for-profit businesses, not nonprofits. Therefore, the correct answer to the question is c. Facilitating profit maximization.