NPC Registration

REGISTRATION OF 12 ALLIANCE PARTNER ORGANIZATIONS AS NON PROFIT ORGANIZATION
Enterprise Number: 2025/839436/08
Enterprise Name: 12 ALLIANCE PARTNER ORGANIZATIONS
Income Tax Number: 9031149322

A not-for-profit company (NPC) is a legal entity established for a public benefit purpose, such as promoting cultural, social, or communal interests, and its income and property are used to advance its mission rather than being distributed to members. They are structured similarly to for-profit companies but cannot pay dividends or distribute shares, and any surplus funds must be used for the company's stated objectives. Unlike some other organizations, NPCs are registered with a government body, such as the Companies and Intellectual Property Commission (CIPC) in South Africa, and must comply with their own Memorandum of Incorporation

Key features

·        Public benefit purpose: Their primary goal is to serve the public good, whether through charity, social welfare, education, or other activities. 

·        Non-distribution of profits: Any income or property generated is reinvested to achieve the company's objectives. Members, directors, and officers cannot receive profits beyond reasonable compensation for services rendered. 

·        Legal structure: They operate under a Memorandum of Incorporation (MOI), which outlines the rules for the company's management and objectives. 

·        Governance: They must have a minimum number of directors (e.g., three in South Africa) to be responsible for the company's governance. 

·        Registration: NPCs are registered with a government authority like the CIPC. They are distinct from other non-profit organizations like trusts or associations, which have different registration requirements.