501(c)(3) Status


March 19, 2024
Chess History

Chess Journalists of America is pleased to announce that the Internal Revenue Service has approved its application for a determination letter confirming its status as an organization exempt from tax under Section 501(c)(3) of the Internal Revenue Code.

The Board of Directors unanimously approved the application for 501(c)(3) status on February 13, 2024. This action followed the unanimous vote of the membership recommending this action at the winter meeting held earlier during that month. As directed by the Board of Directors, the Secretary promptly prepared and filed Form 1023-EZ on behalf of the organization. The Internal Revenue Service then approved the application by issuing our determination letter.

This achievement is important because it provides much needed assurance that the organization’s income is exempt from federal income taxes and enables it to pursue state tax exemptions as applicable. It also means that the organization can accept tax-deductable donations and receive grants from donor advised funds. Other advantages, including reduced postal rates, may also be possible.