Thuya Poetry Review is organized as a non-profit unincorporated association, currently pending IRS approval of tax-exempt status under section 501(c)(3). This means that donations made to Thuya Poetry Review now will be recognized as tax-deductible for the donor, contingent upon ultimate tax-exemption approval. Donors will be notified immediately when tax-exempt status is decided.
As part of our commitment to transparency and ethical conduct, as well as continued compliance under section 501(3)(c) of the IRS tax-exemption code, sections 3, 5 and 6 of Thuya Poetry Review’s operating by-laws expressly forbid the use of donations for any purpose not hereby disclosed. Those sections are as follows:
Third: Said Association is organized exclusively for educational and literary purposes.
Fifth: No part of the net earnings of the association shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the association shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article Third hereof. No substantial part of the activities of the association shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the association shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office. Notwithstanding any other provision of these articles, the association shall not carry on any other activities not permitted to be carried on (a) by a corporation/association exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or (b) by a corporation/association, contributions to which are deductible under section 170(c)(2) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
Sixth: Upon the dissolution of the association, assets shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the association is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.