FORM OF OWNERSHIP

Form of Ownership

The form of ownership for a not-for-profit organization like the Centre of African-Australian Youth Services (AYCSII) typically takes the shape of a non-profit entity or a charitable organization. In most cases, these organizations are established as a charitable trust, an association, or a corporation limited by guarantee, depending on the legal structures permitted by the jurisdiction and the specific requirements of the organization’s mission and activities.

Non-profit organizations typically operate for charitable, educational, or community service purposes and are structured to serve the public interest rather than to generate profits for individuals or shareholders. The ownership of a non-profit is not held by individuals in the traditional sense, as the organization is typically governed by a board of directors or trustees who oversee its operations and ensure its mission is carried out effectively.