What onboarding information is required for the non-profit organization (NPO)?

Published on Oct 13, 2023Updated on Jan 29, 20252 min read42

What's a non-profit organization (NPO)?

An NPO is an entity, often tax-exempt, that seeks to serve the public good rather than make a profit. NPOs can operate within one jurisdiction or internationally and can include foundations, charities, non-governmental organizations, political organizations, volunteer service providers, research institutes, and professional organizations.

Who are the key persons for an NPO?

  • Corporate officers: Persons with significant responsibility to control, manage or direct the NPO including executive officers or senior managers (for example, CEO, CFO, COO, Managing Member, General Partner, President, Vice President, or Treasurer), or any other persons who regularly perform similar functions.

  • Directors: Persons elected or appointed to serve on the board of directors of the NPO. These persons govern and oversee the NPO, and are responsible for its high-level strategy, operations, and accountability.

  • Donors: Persons or institutions that provide financial contributions (donations) to the NPO supporting its mission and activities without expecting any gain in return.

  • Authorized users: Persons who have access to and can operate your institution’s OKX account.

What'll an NPO need to consider for the onboarding process?

  • Identify all key parties

    • Identify all parties involved in the NPO, including the corporate officers, directors, major donors, and any authorized users.

  • Provide organizational documentation

    • Provide organizational documentation that establishes the organization's structure, purpose, and rules of the NPO.

  • Provide identifying information

    • Provide identifying information for the NPO, such as your institution’s legal full name, registration address, principal place of business, institution type, an industry, amongst other pertinent and verifiable data.

  • Provide identification documentation

    • Provide valid proof of identity (PoI) and proof of address (PoA) documents that verify the existence and establishment of the NPO, as well as the identity of each key person involved.

Learn more about the types of institutions that are supported by us here.

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