IYRS SCHOOL OF TECHNOLOGY & TRADES: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- IYRS SCHOOL OF TECHNOLOGY & TRADES (EIN 05-0470320)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-05
- IRS object ID
- 202641259349304009
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-05T20:19:31-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE SUITE 301 | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050470320 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IYRS SCHOOL OF TECHNOLOGY & TRADES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IYRS | BusinessNameControlTxt |
| Phone | 4018485777 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 THAMES STREET | AddressLine1Txt |
| City | NEWPORT | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02840 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MONIQUE COLLINS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4018485777 | PhoneNum |
| Signature | 2026-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA MODELSON | PreparerPersonNm |
| PTIN | P01603524 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2026-04-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KERN MAASS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 THAMES STREET | AddressLine1Txt |
| City | NEWPORT | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02840 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,254,882 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.IYRS.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | RI | LegalDomicileStateCd |
| Activity Or Mission | IYRS EMPOWERS STUDENTS THROUGH IMMERSIVE, HANDS-ON INNOVATIVE LEARNING TO REALIZE THEIR POTENTIAL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 29 | TotalEmployeeCnt |
| Total Volunteers | 34 | TotalVolunteersCnt |
| Total Gross UBI | $51,276 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $45,105 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,281,307 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,399,399 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,825,781 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,035,837 | CYProgramServiceRevenueAmt |
| PY Investment Income | $194,207 | PYInvestmentIncomeAmt |
| CY Investment Income | $138,384 | CYInvestmentIncomeAmt |
| PY Other Revenue | $80,364 | PYOtherRevenueAmt |
| CY Other Revenue | $124,672 | CYOtherRevenueAmt |
| PY Total Revenue | $5,381,659 | PYTotalRevenueAmt |
| CY Total Revenue | $5,698,292 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $296,870 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $320,587 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,612,674 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,802,002 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $521,633 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,413,830 | PYOtherExpensesAmt |
| CY Other Expenses | $2,357,938 | CYOtherExpensesAmt |
| PY Total Expenses | $5,323,374 | PYTotalExpensesAmt |
| CY Total Expenses | $5,480,527 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $58,285 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $217,765 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $21,806,897 | TotalAssetsBOYAmt |
| Total Assets EOY | $21,288,824 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,435,183 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,311,144 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $20,371,714 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $19,977,680 | NetAssetsOrFundBalancesEOYAmt |
| Mission | IYRS EMPOWERS STUDENTS THROUGH IMMERSIVE, HANDS-ON INNOVATIVE LEARNING TO REALIZE THEIR FULL POTENTIAL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,710,601 | ExpenseAmt |
| Grant | $320,587 | GrantAmt |
| Revenue | $2,441,558 | RevenueAmt |
| Desc | IYRS OFFERS FOUR, ACCSC-ACCREDITED PROGRAMS THAT RANGE IN DURATION FROM 6 TO 20 MONTHS. THE BOATBUILDING & RESTORATION PROGRAM IS A COMPREHENSIVE TWO-YEAR COURSE FOCUSED ON TRADITIONAL WOODEN BOAT-BUILDING TECHNIQUES. THE MARINE SYSTEMS PROGRAM, LASTING 6 MONTHS, PREPARES STUDENTS TO INSTALL, REPAIR, AND MAINTAIN ESSENTIAL MARINE SYSTEMS, INCLUDING ELECTRICAL, NAVIGATION, PROPULSION, PLUMBING, AND SAFETY SYSTEMS. THE 9-MONTH COMPOSITES TECHNOLOGY PROGRAM PROVIDES TRAINING IN COMPOSITES FUNDAMENTALS, MANUFACTURING METHODS, TOOLING DEVELOPMENT, AND REPAIR. THE DIGITAL MODELING & FABRICATION PROGRAM, ALSO 9 MONTHS, OFFERS TECHNICAL SKILL DEVELOPMENT IN MODERN DIGITAL FABRICATION METHODS FOR CAREERS IN ADVANCED MANUFACTURING AND DESIGN. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $374,280 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $594,279 | RevenueAmt |
| Desc | IYRS OWNS AND OPERATES A MARINA THAT SHOWCASES CLASSIC AND OTHER BOATS, PROVIDING STUDENTS WITH HANDS-ON LEARNING OPPORTUNITIES. IYRS ALSO MANAGES RELATED ORGANIZATIONS TO FURTHER SUPPORT ITS EDUCATIONAL MISSION. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,084,881 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 28 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 29 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | Yes (1) | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MONIQUE COLLINS CFO | PersonNm |
| Phone | 4018485777 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 THAMES STREET | AddressLine1Txt |
| City | NEWPORT | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02840 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| KERN MAASS | ||||||||
| PRESIDENT/CEO | 50.00 | 2.00 | Yes (X) | Yes (X) | $292,356 | $0 | $46,859 | |
| STEPHEN GLASCOCK | ||||||||
| CHAIRMAN | 0.50 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RONALD O'HANLEY | ||||||||
| VICE CHAIRMAN | 0.50 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DOUGLAS NEWHOUSE | ||||||||
| TREASURER | 0.50 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TOM FARRELL | ||||||||
| SECRETARY THRU 02/2025 | 0.50 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LISA LEFORT | ||||||||
| SECRETARY AS OF 03/2025 | 0.50 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GEORGE BAKER | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN BALLOCH | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DR KATHLEEN BARNES | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN BROOKS | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CONNELL CHRISTOPHER CANNON | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA HINTZ CHEEK | ||||||||
| TRUSTEE THRU 07/2024 | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MALCOLM D CLARKE JR | ||||||||
| TRUSTEE THRU 09/2024 | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DARRELL CRATE | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER DENTON | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DAISY D'ISERNIA | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| RONALD DUNBAR | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| BILL FIRTH | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LAUREN FLAHERTY | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT FLAXMAN | ||||||||
| TRUSTEE THRU 05/2025 | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LAWRENCE GLENN | ||||||||
| TRUSTEE THRU 03/2025 | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN HALEY | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| RALPH ISHAM | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| NEAL HARRELL JR | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| BILL KAHANE | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MARTIN KEEN | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| TERRY LANZA | ||||||||
| TRUSTEE THRU 07/2024 | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SEAN NEWTH | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DAN OGDEN | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| RIVES POTTS | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CARTER RICHARDSON | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| HANNAH SWETT | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| ALEX VALCIC | ||||||||
| TRUSTEE | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MONIQUE COLLINS | ||||||||
| CFO & DIRECTOR OF OPERATIONS | 50.00 | 2.00 | Yes (X) | $138,698 | $0 | $37,629 | ||
| WILLIAM KENYON | ||||||||
| DEAN OF STUDENTS | 50.00 | 0.00 | $105,558 | $0 | $6,317 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $536,612 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $90,805 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EAB GLOBAL INC | |||||
| PO BOX 603519 | CHARLOTTE | NC | 28260 | MARKETING SERVICES | $260,765 |
| SME ENTERTAINMNET GROUP LLC | |||||
| 11777 SAN VINCENTE BLVD | LOS ANGELES | CA | 90049 | ENTERTAINMENT SERVICES | $145,475 |
| SECURE FUTURE TECH SOLUTIONS | |||||
| 475 KILVERT STREET SUITE 110 | WARWICK | RI | 02886 | IT SERVICES | $119,390 |
| RUSSEL MORIN CATERING & EVENTS | |||||
| 95 FRANK MOSSBERG DRIVE | ATTLENBORO | MA | 02703 | CATERING SERVICES | $117,285 |
| REAGAN MARINE CONSTRUCTION LLC | |||||
| 221 THIRD STREET SUITE 201 | NEWPORT | RI | 02840 | CONSTRUCTION SERVICES | $108,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $763,250 | FundraisingAmt |
| All Other Contributions | $1,636,149 | AllOtherContributionsAmt |
| Noncash Contributions | $566,537 | NoncashContributionsAmt |
| Total Contributions | $2,399,399 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION FEES | 611519 | $2,267,348 | $2,267,348 |
| MARINA INCOME | 713990 | $376,159 | $376,159 |
| MANAGEMENT FEES | 541610 | $218,120 | $218,120 |
| STUDENT HOUSING FEES | 721310 | $174,210 | $174,210 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,035,837 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $135,206 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $51,276 | UnrelatedBusinessRevenueAmt |
| Exclusion | $83,930 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $44,702 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $44,702 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,702 | TotalRevenueColumnAmt |
| Exclusion | $44,702 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $106,476 | SecuritiesAmt |
| Other | $2,373 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $105,671 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $805 | SecuritiesAmt |
| Other | $2,373 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,178 | TotalRevenueColumnAmt |
| Exclusion | $3,178 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $263,615 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $763,250 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $434,484 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$170,869 | TotalRevenueColumnAmt |
| Exclusion | -$170,869 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $30,450 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $9,890 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,560 | TotalRevenueColumnAmt |
| Exclusion | $20,560 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $9,846 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $6,545 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,301 | TotalRevenueColumnAmt |
| Exclusion | $3,301 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| PARKING REVENUE | 900099 | $164,496 | $164,496 |
| MISCELLANEOUS INCOME | 900099 | $62,482 | $62,482 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $226,978 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,698,292 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,035,837 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $51,276 | UnrelatedBusinessRevenueAmt |
| Exclusion | $211,780 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,587 | TotalAmt |
| Program Services | $320,587 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $512,490 | TotalAmt |
| Program Services | $84,547 | ProgramServicesAmt |
| Management And General | $292,667 | ManagementAndGeneralAmt |
| Fundraising | $135,276 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,922,404 | TotalAmt |
| Program Services | $1,548,834 | ProgramServicesAmt |
| Management And General | $116,152 | ManagementAndGeneralAmt |
| Fundraising | $257,418 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,882 | TotalAmt |
| Program Services | $64,836 | ProgramServicesAmt |
| Management And General | $6,036 | ManagementAndGeneralAmt |
| Fundraising | $7,010 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,900 | TotalAmt |
| Program Services | $94,100 | ProgramServicesAmt |
| Management And General | $5,060 | ManagementAndGeneralAmt |
| Fundraising | $19,740 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,326 | TotalAmt |
| Program Services | $119,539 | ProgramServicesAmt |
| Management And General | $25,387 | ManagementAndGeneralAmt |
| Fundraising | $25,400 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,493 | TotalAmt |
| Management And General | $18,493 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,707 | TotalAmt |
| Management And General | $46,707 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,887 | TotalAmt |
| Program Services | $216,493 | ProgramServicesAmt |
| Management And General | $17,730 | ManagementAndGeneralAmt |
| Fundraising | $2,664 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $221,734 | TotalAmt |
| Program Services | $221,270 | ProgramServicesAmt |
| Fundraising | $464 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,472 | TotalAmt |
| Program Services | $83,580 | ProgramServicesAmt |
| Management And General | $3,053 | ManagementAndGeneralAmt |
| Fundraising | $19,839 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,424 | TotalAmt |
| Program Services | $136,864 | ProgramServicesAmt |
| Management And General | $51,577 | ManagementAndGeneralAmt |
| Fundraising | $20,983 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,109 | TotalAmt |
| Program Services | $335,451 | ProgramServicesAmt |
| Management And General | $6,753 | ManagementAndGeneralAmt |
| Fundraising | $1,905 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,401 | TotalAmt |
| Program Services | $9,259 | ProgramServicesAmt |
| Management And General | $530 | ManagementAndGeneralAmt |
| Fundraising | $612 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,700 | TotalAmt |
| Program Services | $2,865 | ProgramServicesAmt |
| Management And General | $835 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,607 | TotalAmt |
| Program Services | $975 | ProgramServicesAmt |
| Management And General | $632 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $436,024 | TotalAmt |
| Program Services | $417,434 | ProgramServicesAmt |
| Management And General | $9,067 | ManagementAndGeneralAmt |
| Fundraising | $9,523 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,041 | TotalAmt |
| Program Services | $178,557 | ProgramServicesAmt |
| Management And General | $45,277 | ManagementAndGeneralAmt |
| Fundraising | $1,207 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROGRAM EXPENSE | $339,578 | $126,051 | $213,527 | |
| REPAIRS & MAINTENANCE | $70,644 | $70,644 | ||
| COMMUNICATION EXPENSE | $30,206 | $23,341 | $4,192 | $2,673 |
| PROGRAM FOOD | $24,156 | $15,879 | $7,198 | $1,079 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,755 | TotalAmt |
| Program Services | $13,775 | ProgramServicesAmt |
| Management And General | $3,140 | ManagementAndGeneralAmt |
| Fundraising | $15,840 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,480,527 | TotalAmt |
| Program Services | $4,084,881 | ProgramServicesAmt |
| Management And General | $874,013 | ManagementAndGeneralAmt |
| Fundraising | $521,633 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $402,265 | BOYAmt |
| EOY | $417,721 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,303,335 | BOYAmt |
| EOY | $1,511,907 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,096 | BOYAmt |
| EOY | $79,429 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,148 | BOYAmt |
| EOY | $67,845 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,650 | BOYAmt |
| EOY | $49,458 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $445,364 | BOYAmt |
| EOY | $311,259 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $15,632,762 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,793,955 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,121,679 | BOYAmt |
| EOY | $10,838,807 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $847,888 | BOYAmt |
| EOY | $872,900 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,292,569 | BOYAmt |
| EOY | $4,663,353 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,100,903 | BOYAmt |
| EOY | $2,476,145 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,806,897 | BOYAmt |
| EOY | $21,288,824 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $457,605 | BOYAmt |
| EOY | $300,899 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $963,099 | BOYAmt |
| EOY | $999,256 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,479 | BOYAmt |
| EOY | $7,989 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,435,183 | BOYAmt |
| EOY | $1,311,144 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,903,602 | BOYAmt |
| EOY | $18,379,123 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,468,112 | BOYAmt |
| EOY | $1,598,557 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,371,714 | BOYAmt |
| EOY | $19,977,680 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,806,897 | BOYAmt |
| EOY | $21,288,824 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $217,765 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $17,417 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$491,612 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$137,604 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,865,638 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,295,446 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,877,009 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,635,584 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,399,399 | CurrentTaxYearAmt |
| Total | $13,073,076 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,310,191 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,469,359 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,326,744 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,875,468 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,035,837 | CurrentTaxYearAmt |
| Total | $15,017,599 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,175,829 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,764,805 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,203,753 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,511,052 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,435,236 | CurrentTaxYearAmt |
| Total | $28,090,675 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $273,751 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $515,513 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $373,775 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $602,359 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $252,156 | CurrentTaxYearAmt |
| Total | $2,017,554 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $75,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $307,330 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $46,589 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $50,918 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $98,016 | CurrentTaxYearAmt |
| Total | $577,853 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $348,751 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $822,843 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $420,364 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $653,277 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $350,172 | CurrentTaxYearAmt |
| Total | $2,595,407 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $25,495,268 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $126,280 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $190,616 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $438,476 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $312,682 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $128,632 | CurrentTaxYearAmt |
| Total | $1,196,686 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $126,280 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $190,616 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $438,476 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $312,682 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $128,632 | CurrentTaxYearAmt |
| Total | $1,196,686 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $99,348 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $352,015 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,709 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,019 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $226,978 | CurrentTaxYearAmt |
| Total | $739,069 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,401,457 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,307,436 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,667,938 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,858,753 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,790,846 | CurrentTaxYearAmt |
| Total | $30,026,430 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.84910 | PublicSupportCY509Pct |
| Public Support PY509 | 0.81870 | PublicSupportPY509Pct |
| Investment Income CY | 0.03990 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04060 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISC INCOME - 2020 AMOUNT: $ 99,348. 2021 AMOUNT: $ 352,015. 2022 AMOUNT: $ 25,709. 2023 AMOUNT: $ 35,019. 2024 AMOUNT: $ 62,482. PARKING REVENUE - 2024 AMOUNT: $ 164,496. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $592,890 | BeginningYearBalanceAmt |
| Contributions | $32,663 | ContributionsAmt |
| Investment Earnings Or Losses | $29,360 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $30,172 | OtherExpendituresAmt |
| End Year Balance | $624,741 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $595,178 | BeginningYearBalanceAmt |
| Contributions | $0 | ContributionsAmt |
| Investment Earnings Or Losses | $25,974 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $28,262 | OtherExpendituresAmt |
| End Year Balance | $592,890 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $556,324 | BeginningYearBalanceAmt |
| Contributions | $0 | ContributionsAmt |
| Investment Earnings Or Losses | $66,229 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $27,375 | OtherExpendituresAmt |
| End Year Balance | $595,178 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $591,738 | BeginningYearBalanceAmt |
| Contributions | $0 | ContributionsAmt |
| Investment Earnings Or Losses | -$35,414 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $0 | OtherExpendituresAmt |
| End Year Balance | $556,324 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $597,150 | BeginningYearBalanceAmt |
| Contributions | $0 | ContributionsAmt |
| Investment Earnings Or Losses | $14,588 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $20,000 | OtherExpendituresAmt |
| End Year Balance | $591,738 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.92865 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.07135 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,218,900 | OtherCostOrOtherBasisAmt |
| Book Value | $3,218,900 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,896,019 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,221,807 | DepreciationAmt |
| Book Value | $6,674,212 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,472,595 | OtherCostOrOtherBasisAmt |
| Depreciation | $896,966 | DepreciationAmt |
| Book Value | $575,629 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,045,248 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,675,182 | DepreciationAmt |
| Book Value | $370,066 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,838,807 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS IN SUBSIDIARIES | Desc |
| Book Value | $4,663,353 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $4,663,353 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RELATED PARTY RECEIVABLES | $851,249 |
| WORKS OF ART | $584,733 |
| BOAT RESTORATION ASSETS | $688,477 |
| RIGHT OF USE ASSETS | $7,442 |
| DEVELOPER FEE RECEIVABLE | $307,744 |
| OTHER ASSETS | $36,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,476,145 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FINANCE LEASE LIABILITY | Desc |
| Amt | $7,989 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,989 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,517,783 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $17,417 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,211,569 | OtherRevenueAmt |
| Revenue Not Reported | $1,228,986 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,288,797 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,409,495 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,409,495 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,698,292 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,378,770 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,262,660 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,262,660 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,116,110 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,364,417 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,364,417 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $5,480,527 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE SCHOOL HOLDS THE FUNDS FOR THE STUDENTS AND THE FUNDS ARE RETURNED ONCE THEY MOVE OUT OF THE RENTAL PROPERTY. |
| PART V, LINE 4: | THE SCHOOLS ENDOWMENT CONSISTS OF DONOR-RESTRICTED FUNDS ESTABLISHED TO SUPPORT SCHOLARSHIPS, INCLUDING THE ACCUMULATED APPRECIATION OF THOSE FUNDS. |
| PART X, LINE 2: | THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2022. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUE ALLOCABLE TO CONSOLIDATED SUBSIDIARIES 1,205,024. COST OF GOODS SOLD REPORTED ON FORM 990 PART VII LINE 10B 6,545. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS EXPENSE REPORTED ON FORM 990 PART IX LINE 2 320,587. SPECIAL EVENT EXPENSE REPORTED ON FORM 990 PART IX LINE 24 14,109. ELIMINATIONS IN CONSOLIDATION 937,195. INCOME/(LOSS IN SUBSIDIARIES REPORTED ON FORM 990 PART XI LINE 9 137,604. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD REPORTED ON FORM 990 PART VII LINE 10B 6,545. EXPENSES ALLOCABLE TO CONSOLIDATED SUBSIDIARIES 1,256,115. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS EXPENSE REPORTED ON FORM 990 PART IX LINE 2 320,587. SPECIAL EVENT EXPENSE REPORTED ON FORM 990 PART IX LINE 24 14,109. ELIMINATIONS IN CONSOLIDATION 1,029,721. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | IYRS SUMMER GALA | Event1Nm |
| Gross Receipts Event1 | $976,197 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $751,735 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $224,462 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $47,127 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $59,148 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $149,000 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $136,952 | OtherDirectExpensesEvent1Amt |
| Event2 | IYRS CLASSIC YACHT REGATTA | Event2Nm |
| Gross Receipts Event2 | $29,403 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $0 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $29,403 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $0 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $8,296 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $4,000 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $14,154 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $21,265 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $11,515 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $9,750 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $3,500 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $8,256 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $0 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $4,051 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $1,026,865 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $763,250 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $263,615 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $50,627 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $75,700 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $153,000 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $155,157 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $434,484 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$170,869 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $30,450 | GrossRevenueOtherGamingAmt |
| Non Cash Prizes Other Gaming | $9,885 | NonCashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $5 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | Yes (1) | VolunteerLaborOtherGamingInd |
| Volunteer Labor Other Gaming | 1.00000 | VolunteerLaborOtherGamingPct |
| Gross Revenue Total Gaming | $30,450 | GrossRevenueTotalGamingAmt |
| Non Cash Prizes Total Gaming | $9,885 | NonCashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $5 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $9,890 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $20,560 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | RI | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | 0 | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1.00000 | GamingOwnFacilityPct |
| Gaming Other Facility | 0.00000 | GamingOtherFacilityPct |
| Individual With Books | MONIQUE COLLINS | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 EDMOND DRIVE | AddressLine1Txt |
| City | WARWICK | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02886 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Gaming Manager Person | MONIQUE COLLINS | GamingManagerPersonNm |
| Gaming Manager Compensation | $267 | GamingManagerCompensationAmt |
| Gaming Manager Services Prov | MAINTAINS THE BOOKS AND RECORDS OF THE BOAT RAFFLE | GamingManagerServicesProvTxt |
| Gaming Manager Is Employee | Yes (X) | GamingManagerIsEmployeeInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 56 | RecipientCnt |
| Cash Grant | $320,587 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION AWARDS SCHOLARSHIPS BASED ON BOTH FINANCIAL NEED AND MERIT. FINANCIAL NEED IS DETERMINED USING INFORMATION PROVIDED BY THE STUDENT THROUGH THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). MERIT SCHOLARSHIPS ARE AWARDED BASED ON RESPONSES TO A SCHOLARSHIP APPLICATION, WHICH ARE EVALUATED USING A STANDARDIZED RUBRIC. TO ENSURE THAT SCHOLARSHIP FUNDS ARE USED FOR THEIR INTENDED PURPOSE, ALL AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S TUITION ACCOUNT AND CANNOT BE DISBURSED AS UNRESTRICTED CASH. THE ORGANIZATION MONITORS COMPLIANCE THROUGH ITS FINANCIAL AID MANAGEMENT SYSTEM, WHICH REQUIRES STUDENTS TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS (SAP) AS DEFINED IN INSTITUTIONAL POLICY. TERM-BASED AUDITS ARE CONDUCTED TO CONFIRM ENROLLMENT STATUS AND PROPER APPLICATION OF FUNDS. IF A STUDENT FAILS TO MEET ELIGIBILITY REQUIREMENTS, FUNDS MAY BE ADJUSTED OR REVOKED. APPEALS ARE REVIEWED BY THE SCHOLARSHIP COMMITTEE UNDER DOCUMENTED PROCEDURES. RECIPIENTS ARE SELECTED THROUGH A FAIR AND CONSISTENT PROCESS. FOR NEED-BASED AWARDS, FAFSA DATA IS VERIFIED DURING THE FINANCIAL AID REVIEW. FOR MERIT-BASED AWARDS, APPLICATIONS ARE SCORED USING A RUBRIC THAT MEASURES ACADEMIC ACHIEVEMENT, LEADERSHIP, AND ALIGNMENT WITH PROGRAM VALUES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KERN MAASS | ||||||||||||||
| PRESIDENT/CEO | $260,356 | $0 | $32,000 | $0 | $0 | $0 | $15,243 | $0 | $31,616 | $0 | $339,215 | $0 | $0 | $0 |
| MONIQUE COLLINS | ||||||||||||||
| CFO & DIRECTOR OF OPERATIONS | $138,698 | $0 | $0 | $0 | $0 | $0 | $9,070 | $0 | $28,559 | $0 | $176,327 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2024, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. | ExplanationTxt |
Schedule M IRS990ScheduleM
Boats And Planes BoatsAndPlanesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 13 | ContributionCnt |
| Noncash Contributions Rpt F990 | $440,175 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | SALE OF COMPARABLES | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $116,362 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $10,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | SALE OF COMPARABLES | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL IS REPORTING THE NUMBER OF CONTRIBUTIONS FOR BOATS AND PLANES AND COLLECTIBLES, AND REPORTING THE NUMBER OF CONTRIBUTORS FOR PUBLICLY TRADED SECURITIES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, THE CEO AND CFO REVIEW THE FORM PRIOR TO FILING AND WORK CLOSELY WITH THE EXTERNAL TAX TEAM THROUGHOUT THE PROCESS. ONCE THEY ARE SATISFIED WITH THE FORM, IT IS SHARED ELECTRONICALLY WITH THE FINANCE COMMITTEE AND THEN WITH THE BOARD OF TRUSTEES. BOTH THE COMMITTEE AND THE BOARD ARE ASKED TO SUBMIT ANY QUESTIONS OR COMMENTS ELECTRONICALLY. AFTER ALL FEEDBACK HAS BEEN REVIEWED AND NO FURTHER CHANGES ARE NEEDED, THE FORM IS SUBMITTED TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES. ANNUALLY, THESE INDIVIDUALS ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY, HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT'S EVALUATION INCLUDES REVIEWING A SALARY SURVEY OF COMPARABLE POSITIONS BASED ON FORMS 990 FROM SIMILAR ORGANIZATIONS. THE CURRENT PRESIDENT WAS HIRED ON JULY 15, 2023, UNDER A THREE-YEAR CONTRACT THAT RUNS THROUGH JULY 1, 2026. COMPENSATION FOR ALL OTHER EMPLOYEES INCLUDING THE CHIEF FINANCIAL OFFICER, KEY EMPLOYEES, AND THE HIGHEST-COMPENSATED STAFF IS DETERMINED BY THE PRESIDENT. HOWEVER, THE BOARD OF TRUSTEES APPROVES THE OVERALL BUDGET, WHICH INCLUDES EMPLOYEE SALARIES, AND A SALARY WORKSHEET IS AVAILABLE TO ALL EXECUTIVE COMMITTEE MEMBERS UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. |
| FORM 990, PART XI, LINE 9: | INCOME LOSS IN SUBSIDIARIES -137,604. |
| FORM 990, PART XII, LINE 2C: | THE SCHOOL'S FISCAL COMMITTEE IS COMPRISED OF MULTIPLE TRUSTEES AND HEADED BY THE TREASURER OF THE BOARD. THEY ARE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MILL RESTORATION LLC | |||||||||||||
| 449 THAMES STREET | NEWPORT | RI | 02840 | 261134582 | REAL ESTATE | RI | RESTORATION MANAGEMENT INC | EXCLUDED | $661 | $2,624,814 | 0 | 0 | 1.00000 |
| RESTORATION LEASING LLC | |||||||||||||
| 449 THAMES STREET | NEWPORT | RI | 02840 | 261134383 | REAL ESTATE | RI | IYRS SCHOOL OF TECNOLOGY & TRADES | UNRELATED | -$191,672 | $1,374,376 | 0 | 0 | 0.99990 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTORATION MANAGEMENT INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 THAMES STREET | AddressLine1Txt |
| City | NEWPORT | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02840 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261126450 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | RI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IYRS SCHOOL OF TECNOLOGY & TRADES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $117,771 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $5,494,689 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MILL RESTORATION LLC | ||
| A | $50,615 | COST |
| RESTORATION LEASING LLC | ||
| K | $140,952 | COST |
| RESTORATION LEASING LLC | ||
| L | $155,924 | COST |
| MILL RESTORATION LLC | ||
| Q | $82,156 | COST |