Does the Society qualify as an Educational Non-Profit Corporation under Federal IRS rules applicable to 501(c)(3) entities?
Yes, in 2001, the Society applied for and was granted Non-Profit status by the Internal Revenue Service of the United States. As such, the Society is exempt from federal income tax under section 501(a) of the Internal Revenue Code as an organization described in section 501(c)(3). In the same year, the Society’s Non-Profit status was formally recognized by the government of the U.S. Virgin Islands. Over the years this status has been reaffirmed by the government of the U.S. Virgin Islands and the Society has annually filed the IRS–Return of Organizations exempt from Income Taxes—Form 990. Donations to the society are tax deductible to the fullest extent of the law.