Under Beneficial Ownership rules, NGOs, charities and religious organizations typically must identify what?

• A. A controlling party
• B. All beneficial owners
• C. 25% ownership threshold
• D. CEO

Answer: (A)

Beneficial ownership focuses on who ultimately exercises control over an entity, not who holds shares. For NGOs, charities, and religious organizations there aren’t owners in the corporate sense, so the important point is identifying the person or persons with ultimate control through governance—typically trustees or board members who can direct assets and policy. That controlling party is the key figure required to be identified. The other options don’t fit because there isn’t ownership with a 25% threshold to measure, there aren’t “all beneficial owners” in the sense used for for‑profit companies, and the CEO alone isn’t always the person who holds ultimate control—the board or trustees usually determine and oversee that control.