This includes the Non-governmental organizations (NGOs, Clubs, Churches and Mosques). These are organizations that are NOT meant for profit they are specifically set-up for the public or a particular section of the public and in this vein they are exempted from tax payment. If members receive payment or benefits, it is only in the form of a reasonable salary and benefits in return for the work that is done as an employee of the organization.
Any profit that is produced is used by the organization to make a greater impact in terms of their public purpose. Examples include Yoruba Tennis Club, Ikoyi Club, The Progressive Women Club, Ibadan etc.
Unlike in Company name where Proprietor features and Private Limited where shareholders feature, Trustes is the integral part of this class of registration. Suffixes as Ministry, Inc. and a host of others feature in this class of registration