There are many organizations that call themselves “cooperatives.” However, many of them do not follow the principles of a "true cooperative." A true cooperative is wholly-owned by its stockholders, is democratically run, directs profits to its stockholders—not third parties—and operates in a cooperative fashion under Subchapter T of the Internal Revenue Code.

Thanexus, Inc. is governed by an elected nine-person Board of Directors and managed by a sitting president and executive vice president.

Thanexus, Inc. is a member of the National Cooperative Business Association (NCBA). The NCBA represents cooperatives across the United States including: credit unions; agricultural coops; retail food and housing coops; rural electric, telephone and communications coops; health care coops; and more.

Thanexus, Inc. President and New Jersey State Funeral Directors Association, Inc. Executive Director, Wilson H. Beebe Jr., serves as chair of the NCBA.