09 November 2011

Nonprofit Status!

Hello readers.  I'm very excited to inform you that 5x5 is officially a 501(c)(3) nonprofit organization recognized by the IRS.  This is very exciting news, because it's a major step forward for the magazine, and because it means I know how to fill out complicated IRS forms.  That's right, we keep the overhead low by doing everything we possibly can on our own, and sometimes we cross our fingers and hope that we've done it correctly.

Alright, I did get some help with the financial side of it from an accountant friend, but I paid him only with wine and my pleasant company.  Thanks, David.

And, of course, thank you for reading, contributing and donating.  While 5x5 started out as my own personal project, it quickly turned into a collaborative project between hundreds of people.

What else is going?  Here it is.  We've pushed our deadline back one month for the winter issue because we simply haven't had as many submissions as we'd like to see.  This is somewhat of an anomaly.  As you know, our fall issue was our biggest issue yet.  We're hoping that our winter issue will be just as big or bigger, but we need more submissions to make that happen.

Please, if you've been thinking about submitting, now is the time.  If you've been thinking about telling your friends about us, do it today.  We want to see your work, because, as I mentioned above, 5x5 would be nothing without its contributors and readers.

Thanks.  Sincerely.  Thank you all for your help so far, and we look forward to doing great things for literature and the arts together.

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