When we started KAIROS, we had one dream: to publish the most riveting and cathartic work we could find. We chose the name KAIROS because it fits this search: we are always looking for the prime, opportune moment for action in our submissions.
Over the last five years, we have had the pleasure to read thousands of submissions and publish the work of nearly 200 unique contributors, both established and brand new to literary publication.
But change is afoot.
In the coming months, KAIROS will continue to grow as we transition into a non-profit entity as defined under IRC Section 501(c)(3). Officially KAIROS Literary, Inc., KAIROS has been granted by the United States Internal Revenue Service to become a literary non-profit incorporation. The magazine will largely remain the same; however, our legal definition will mean that minor changes will be made to our internal makeup. In short, we have continually grown since our very first issue all the way back in August of 2016 and this will not cease.
What is a 501(c)3 non-profit?
Under section 501 of Title 26 of the United States Code, several different kinds of charitable organizations are defined. The 501(c)3 section defines those entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes; for testing for public safety; to foster national or international amateur sports competition; or for the prevention of cruelty to children, women or animals. As you might guess, we are in the first of these—an entity organized and operated exclusively for literary or educational purposes.
As of July 20, 2021, KAIROS Literary, Inc. is classified as 509(a)(2), meaning the organization must have more than 1/3 of its revenue coming from public support in the form of gifts, grants, membership fees, sales of merchandise, performance of services or furnishing of facilities in an activity that is not unrelated business income. Additionally 509(a)(2) charities may not have more than 1/3 of its support from investment income.
What will change about KAIROS?
Not much. The change in classification for the magazine is largely internal. As a non-profit incorporation, we will have to file specific documentation with the IRS to disclose our financial income and distributions. We are obliged to disclose financial documentation to the public upon request. Finally, we are required to register with a home-state in the U.S. (we have chosen Florida for now), which requires the creation of a Board of Directors, including the Chairperson of the Board of Directors, and at least two other members with three-year tenures.
Transitioning to a non-profit entity leaves most of the experience of KAIROS for readers and contributors unchanged. However, this is just the most recent step in our constant growth. In the coming months and years, we hope to broaden the abilities and reach of KAIROS Literary, Inc. and we know that this is possible, so long as we have your continued support.
As always, this support comes in a variety of different fashions. We do not solicit donations; however, your support on social media platforms is priceless. Sharing the magazine with your friends and loved ones, purchasing the print edition, and submitting to our magazine is what keeps our organization strong and relevant.
So, like and share us on Facebook and follow and retweet us on Twitter! Nothing is short of impactful when it comes to social media. Every like, follow, retweet, and share goes into the creation of an inclusive, broadened future for the magazine.
We thank you each for your contribution, either as reader or author, and we hope that you will continue to be a part of the KAIROS Literary family as we continue to grow.