IYRS SCHOOL OF TECHNOLOGY & TRADES: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- IYRS SCHOOL OF TECHNOLOGY & TRADES (EIN 05-0470320)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-15
- IRS object ID
- 201321359349307017
- Schema version
- 2011v1.5
- 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) |
|---|---|---|
| Timestamp | 2013-05-15T14:50:59-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263753134 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ TOFIAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 EXCHANGE TERRACE | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050470320 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE INTERNATIONAL YACHT RESTORATION SCHOOL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | INTE | NameControl |
| Phone | 4018485777 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 THAMES STREET NO 111 | AddressLine1 |
| City | NEWPORT | City |
| State | RI | State |
| ZIP Code | 02840 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RHONDA LANDERS | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 4018485777 | Phone |
| Date Signed | 2013-05-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN T WILMOT | Name |
| PTIN | P00095129 | PTIN |
| Phone | 4016263200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RHONDA LANDERS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 THAMES STREET | AddressLine1 |
| City | NEWPORT | City |
| State | RI | State |
| ZIP Code | 02840 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3360314 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.IYRS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1993 | YearFormation |
| State Legal Domicile | RI | StateLegalDomicile |
| Activity Or Mission Description | TO TEACH THE SKILLS, HISTORY, ART, AND SCIENCE OF RESTORING, MAINTAINING AND BUILDING BOATS AND THEIR SYSTEMS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 35 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 34 | NbrIndependentVotingMembers |
| Total Nbr Employees | 37 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 12011 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 563748 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1442707 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 538709 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1075555 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 23097 | InvestmentIncomePriorYear |
| Investment Income Current Year | 22706 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 107835 | OtherRevenuePriorYear |
| Other Revenue Current Year | 341650 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1233389 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2882618 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 60000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 209750 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 786448 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1742254 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 434938 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 678655 | OtherExpensePriorYear |
| Other Expenses Current Year | 1325523 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1525103 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3277527 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -291714 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -394909 | RevenuesLessExpensesCY |
| Total Assets BOY | 13689552 | TotalAssetsBOY |
| Total Assets EOY | 13591948 | TotalAssetsEOY |
| Total Liabilities BOY | 1073770 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1388559 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 12615782 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 12203389 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO TEACH THE SKILLS, HISTORY, ART, AND SCIENCE OF RESTORING, MAINTAINING AND BUILDING BOATS AND THEIR SYSTEMS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1927700 | Expense |
| Grants | 209750 | Grants |
| Revenue | 1217133 | Revenue |
| Description | THE INTERNATIONAL YACHT RESTORATION SCHOOL CONDUCTS VARIOUS EDUCATIONAL PROGRAMS, INCLUDING THE FOLLOWING:THE STUDENTS IN THE TWO YEAR YACHT RESTORATION PROGRAM RECEIVE A CERTIFICATE IN YACHT RESTORATION. THIS PROGRAM IS VERY HANDS ON. PRACTICAL EXPERIENCE RESTORING WOODEN BOATS IS SUPPLEMENTED BY CLASSROOM LECTURES, DRAWING AND DESIGN EXERCISES, CLASSES IN SURVEYING AND BUSINESS TECHNIQUES AND OFF CAMPUS EXCURSIONS. MOST STUDENTS GO ON TO WORK IN THE INDUSTRY. SIXTEEN STUDENTS RECEIVED A CERTIFICATE IN BOAT BUILDING AND RESTORATION IN 2011.THERE IS A 6 MONTH CERTIFICATE PROGRAM IN MARINE SYSTEMS. STUDENTS LEARN HOW TO INSTALL, MAINTAIN AND REPAIR THE MAJOR SYSTEMS FOUND IN BOTH POWER AND SAIL BOATS. CLASSES INCLUDE A BALANCE OF CLASSROOM AND HANDS-ON-STUDY. ELEVEN STUDENTS RECEIVED A CERTIFICATE IN MARINE SYSTEMS IN 2012.THERE IS A 6 MONTH CERTIFICATE PROGRAM IN COMPOSITES TECHNOLOGY. THE PROGRAM HAS AN INTENSIVE, SIX-MONTH SCHEDULE THAT GOES INTO MORE DEPTH THAN OTHER TRAINING PROGRAMS AND BLENDS THEORY WITH HANDS-ON TRAINING. IN THE PROGRAM, AFTER STUDENTS ESTABLISH A FOUNDATION IN TRADITIONAL COMPOSITES TECHNOLOGY, THEY MOVE ON TO THE LEADING-EDGE IN ADVANCED COMPOSITES. STUDENTS LEARN VACUUM INFUSION PROCESSING, ADVANCED COMPOSITES MOLDING, CAD/CAM OPERATIONS, ROBOTIC CNC PLUG BUILDING AND COMPOSITES RESTORATION PRACTICES. GRADUATES EMERGE FROM THE PROGRAM EQUIPPED TO MAKE AN IMMEDIATE CONTRIBUTION TO THE MARINE INDUSTRY OR OTHER AREAS WHERE QUALIFIED COMPOSITES PROFESSIONALS ARE IN DEMAND. EFFECTIVE SEPT. 2012, THE MARINE SYSTEMS AND COMPOSITE TECHONOLOGY PROGRAMS HAVE BEEN REVISED TO SIX-MONTH PROGRAMS AT 920 HOURS.IYRS ALSO OWNS AND OPERATES A MARINA TO SHOWCASE CLASSIC AND OTHER BOATS. IYRS ALSO OWNS A TEMPORARY BUILDING USED FOR THE RESORATION OF THE YACHT "CORONET", AMERICA'S MOST HISTORIC YACHT. | Description |
| Total Program Service Expense | 1927700 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 115 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 37 | NumberOfEmployees |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 35 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 34 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RHONDA LANDERS CFO | NamePerson |
| Telephone Number | 4018485777 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 THAMES STREET | AddressLine1 |
| City | NEWPORT | City |
| State | RI | State |
| ZIP Code | 02840 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| TERRY L NATHAN | ||||||
| PRESIDENT | 60.00 | X | X | 199969 | 0 | 16617 |
| GEORGE M ISDALE | ||||||
| CHAIRMAN | 0.50 | X | X | 0 | 0 | 0 |
| JOHN MECRAY | ||||||
| VICE CHAIRMAN | 0.50 | X | X | 0 | 0 | 0 |
| HARRY REIN | ||||||
| TREASURER | 0.50 | X | X | 0 | 0 | 0 |
| MARTHA FAY COOLIDGE | ||||||
| SECRETARY | 0.50 | X | X | 0 | 0 | 0 |
| J STEVEN WHITE | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| ALFRED W BOYLAN | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| TED GRAVES | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| PEGGY COMFORT | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| ERNEST K JACQUET | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| DAVID ELWELL JR | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| RICHARD BREADY | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| CHARLES T TOWNSEND | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| JAMES J COLEMAN JR | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| BRENDA L WILSON | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| GERALD P MIGLIACCIO | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| JOSEPH T DOCKERY | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| LAWRENCE GLENN | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| PETER GONZALEZ | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| EARL MCMILLEN | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| PETER DENTON | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| RON O'HANLEY | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| MARK WATSON | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| MICHAEL DOMINGUEZ | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| DEBORAH HADLEY | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| WILLIAM BROOKS | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| DARRELL CRATE | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| CLAYTON G DEUTSCH | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| RALPH ISHAM | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| TERRY MCCLINCH | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| JAMES O'BRIEN JR | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| CAROL O'MALLEY | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| ZBYNEK E ZAK | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| JUERGEN FRIEDRICH | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| SETH HAGEN | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| RHONDA LANDERS | ||||||
| CHIEF FINANCIAL OFFICER | 60.00 | X | 109363 | 0 | 4563 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 309332 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 21180 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Membership Dues | 19492 | MembershipDues |
| Fundraising Events | 480035 | FundraisingEvents |
| Government Grants | 9954 | GovernmentGrants |
| All Other Contributions | 933226 | AllOtherContributions |
| Noncash Contributions | 218657 | NoncashContributions |
| Total Contributions | 1442707 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| SCHOOL INCOME | 611600 | 945880 | 945880 | |
| MANAGEMENT FEES | 900099 | 120300 | 120300 | |
| ADVERTISING INCOME | 541800 | 9375 | 9375 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1075555 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 29842 | TotalRevenueColumn |
| Exclusion | $29,842 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 262927 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 262927 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 262927 | TotalRevenueColumn |
| Related Or Exempt Function Income | 140561 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2366 | UnrelatedBusinessRevenue |
| Exclusion | $120,000 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 208079 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 215215 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -7136 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -7136 | TotalRevenueColumn |
| Exclusion | -$7,136 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 321868 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 480035 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 253807 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 68061 | TotalRevenueColumn |
| Exclusion | $68,061 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 8944 | GrossSalesOfInventory |
| Cost Of Goods Sold | 8674 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 270 | TotalRevenueColumn |
| Unrelated Business Revenue | 270 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 10392 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10392 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 10392 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2882618 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1217133 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 12011 | UnrelatedBusinessRevenue |
| Exclusion | $210,767 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138000 | Total |
| Program Services | 138000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71750 | Total |
| Program Services | 71750 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 360055 | Total |
| Program Services | 118818 | ProgramServices |
| Management And General | 118818 | ManagementAndGeneral |
| Fundraising | 122419 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1171314 | Total |
| Program Services | 652397 | ProgramServices |
| Management And General | 334782 | ManagementAndGeneral |
| Fundraising | 184135 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46291 | Total |
| Program Services | 29639 | ProgramServices |
| Management And General | 11281 | ManagementAndGeneral |
| Fundraising | 5371 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43787 | Total |
| Program Services | 17641 | ProgramServices |
| Management And General | 14743 | ManagementAndGeneral |
| Fundraising | 11403 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120807 | Total |
| Program Services | 62918 | ProgramServices |
| Management And General | 33973 | ManagementAndGeneral |
| Fundraising | 23916 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2994 | Total |
| Management And General | 2994 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91988 | Total |
| Management And General | 91988 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150173 | Total |
| Program Services | 124944 | ProgramServices |
| Management And General | 5270 | ManagementAndGeneral |
| Fundraising | 19959 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31180 | Total |
| Program Services | 24944 | ProgramServices |
| Fundraising | 6236 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 251515 | Total |
| Program Services | 133205 | ProgramServices |
| Management And General | 100855 | ManagementAndGeneral |
| Fundraising | 17455 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 302581 | Total |
| Program Services | 208972 | ProgramServices |
| Management And General | 93609 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70821 | Total |
| Program Services | 34828 | ProgramServices |
| Management And General | 28139 | ManagementAndGeneral |
| Fundraising | 7854 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41031 | Total |
| Program Services | 27171 | ProgramServices |
| Management And General | 10708 | ManagementAndGeneral |
| Fundraising | 3152 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7727 | Total |
| Management And General | 7727 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 181776 | Total |
| Program Services | 157423 | ProgramServices |
| Management And General | 24353 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67294 | Total |
| Program Services | 48851 | ProgramServices |
| Management And General | 18443 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| TOOLS & EQUIPMENT | 52502 | 44478 | 8024 | |
| EVENT EXPENSE | 30820 | 1398 | 3416 | 26006 |
| IN-KIND EXPENSE | 24858 | 24592 | 266 | |
| EVENT EXPENSE - GALA | 7032 | 7032 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11231 | Total |
| Program Services | 5731 | ProgramServices |
| Management And General | 5500 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3277527 | Total |
| Program Services | 1927700 | ProgramServices |
| Management And General | 914889 | ManagementAndGeneral |
| Fundraising | 434938 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73771 | BOY |
| EOY | 15653 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 906562 | BOY |
| EOY | 948855 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 502818 | BOY |
| EOY | 355197 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1557753 | BOY |
| EOY | 1689883 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80045 | BOY |
| EOY | 77121 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79916 | BOY |
| EOY | 104796 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4536219 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1417534 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3270179 | BOY |
| EOY | 3118685 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1049577 | BOY |
| EOY | 1106236 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5033393 | BOY |
| EOY | 5033393 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1135538 | BOY |
| EOY | 1142129 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13689552 | BOY |
| EOY | 13591948 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 334891 | BOY |
| EOY | 389342 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 417773 | BOY |
| EOY | 523862 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194000 | BOY |
| EOY | 308680 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127106 | BOY |
| EOY | 166675 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1073770 | BOY |
| EOY | 1388559 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11310662 | BOY |
| EOY | 10976786 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1137620 | BOY |
| EOY | 1021103 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167500 | BOY |
| EOY | 205500 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12615782 | BOY |
| EOY | 12203389 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13689552 | BOY |
| EOY | 13591948 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -394909 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -17484 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2433571 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2497751 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1425662 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1944899 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1442707 | CurrentTaxYear |
| Total | 9744590 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2433571 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2497751 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1425662 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1944899 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1442707 | CurrentTaxYear |
| Total | 9744590 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 687752 | AmountsSubstContributorsTotal |
| Public Support Total170 | 9056838 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 235551 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 249112 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 272645 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 300434 | CurrentTaxYearMinus1Year |
| Current Tax Year | 290403 | CurrentTaxYear |
| Total | 1348145 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8972 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3514 | CurrentTaxYearMinus3Years |
| Total | 12486 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 194 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus2 Years | 1486035 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 123486 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10392 | CurrentTaxYear |
| Total | 1620107 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 12725328 | TotalSupport |
| Gross Receipts From Admissions Etc | 3825705 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.71170 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.71650 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE DEVELOPER FEE - PRESERVATION OF CAMPUS BUILDING | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 791000 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 1 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 185135 | BeginningOfYearBalance |
| Contributions | 38000 | Contributions |
| Investment Earnings Or Losses | 537 | InvestmentEarningsOrLosses |
| End Of Year Balance | 223672 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 167404 | BeginningOfYearBalance |
| Contributions | 17500 | Contributions |
| Investment Earnings Or Losses | 231 | InvestmentEarningsOrLosses |
| End Of Year Balance | 185135 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 50000 | BeginningOfYearBalance |
| Contributions | 100000 | Contributions |
| Investment Earnings Or Losses | 17404 | InvestmentEarningsOrLosses |
| End Of Year Balance | 167404 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 55121 | BeginningOfYearBalance |
| End Of Year Balance | 50000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.91880 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.08120 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1312145 | OtherCostOrOtherBasis |
| Book Value | 1312145 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1675286 | OtherCostOrOtherBasis |
| Depreciation | 458949 | Depreciation |
| Book Value | 1216337 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 72765 | OtherCostOrOtherBasis |
| Depreciation | 19534 | Depreciation |
| Book Value | 53231 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1311369 | OtherCostOrOtherBasis |
| Depreciation | 812349 | Depreciation |
| Book Value | 499020 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 164654 | OtherCostOrOtherBasis |
| Depreciation | 126702 | Depreciation |
| Book Value | 37952 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3118685 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENT IN SUBSIDIARY | Description |
| Book Value | 5033393 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 5033393 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| ASSETS HELD FOR RESTORATION PURPOSES | 349373 |
| COLLECTIONS | 791000 |
| INTEREST RECEIVABLE | 1756 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1142129 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO RHODE ISLAND MARINE TRADES ASSOCIATION | $20,000 |
| DEPOSITS | $146,675 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 166675 | TotalOfAmounts |
| Total Revenue | 2882618 | TotalRevenue |
| Total Expenses | 3277527 | TotalExpenses |
| Excess Or Deficit For Year | -394909 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 22516 | NetUnrealizedGLOnInvestments |
| Other | -$40,000 | OtherAmount |
| Total Adjustments | -17484 | TotalAdjustments |
| Excess Or Deficit Per FS | -412393 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3300990 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 22516 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 153171 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 253807 | OtherRevenues |
| Revenue Not Rptd F990 | 429494 | RevenueNotRptdF990 |
| Revenue Subtotal | 2871496 | RevenueSubtotal |
| Other Revenues Not Included | 11122 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 11122 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2882618 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3673383 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 153171 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 253807 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 406978 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3266405 | ExpensesSubtotal |
| Other Expenses Not Included | 11122 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 11122 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3277527 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE ORGANIZATION HAS A COLLECTION OF SCALE YACHT MODELS TO BE DISPLAYED FOR OUR STUDENTS AND THE PUBLIC. THE MODELS FURTHER THE ORGANIZATION'S EXEMPT PURPOSE BY PROVIDING OUR STUDENTS THE OPPORTUNITY TO SEE MODELS OF HISTORICAL YACHTS SOME OF WHICH ARE NO LONGER IN EXISTENCE. | |
| PART V, LINE 4: | EARNINGS FROM ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. IYRS HAS IDENTIFIED ITS TAX STATUS AND THAT OF MOY AS TAX EXEMPT ENTITIES AS TAX POSITIONS. IN ADDITION, MILL RESTORATION AND RESTORATION LEASING'S ELECTIONS TO BE TAXED AS PARTNERSHIPS HAVE ALSO BEEN IDENTIFIED AS TAX POSITIONS. THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE SCHOOL'S FEDERAL INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| PRIOR YEAR LATE F/S ADJUSTMENT FOR BAD DEBTS, NOT REFLECTED ON PY 990 -40,000. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| SUMMER FUNDRAISER SHOWN NET 253,807. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| MOY EXPENSES 11,122. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| SUMMER FUNDRAISER SHOWN NET 253,807. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| MOY EXPENSES 11,122. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GALA | NameOfEvent1 |
| Gross Receipts Event1 | 801903 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 480035 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 321868 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 253807 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 801903 | GrossReceiptsTotal |
| Charitable Contributions Total | 480035 | CharitableContributionsTotal |
| Gross Revenue Total Events | 321868 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 253807 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 253807 | DirectExpenseSummaryEvents |
| Net Income Summary | 68061 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORONET RESTORATION PARTNERS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 261754168 | EINOfRecipient |
| Amount Of Non Cash Assistance | 138000 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | USE OF FACILITIES | DescriptionOfNonCashAssistance |
| Purpose Of Grant | RESTORATION OF YACHT CORONET | PurposeOfGrant |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS ARE AWARDED TO STUDENTS FOR TUITION AND FEES BASED UPON FINANCIAL NEED. | TypeOfGrant |
| Number Of Recipients | 31 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 71750 | AmountOfNonCashAssistance |
| Method Of Valuation | COST | MethodOfValuation |
| Description Of Non Cash Assistance | THE SCHOLARSHIP FUNDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE GRANTS ARE POSTED TO THE RECIPIENTS' ACCOUNTS. THE AMOUNT IS VERIFIED WITH THE ORIGINAL AMOUNT AWARDED THROUGH THE RECONCILIATION OF THE SCHOLARSHIP ACCOUNT BY THE ACCOUNTING DEPARTMENT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TERRY L NATHAN | NamePerson |
| Base Compensation Filing Org | 199969 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 12780 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 3837 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 216586 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE ORGANIZATION PAID FOR THE PRESIDENT'S MEMBERSHIP IN THE NEW YORK YACHT CLUB. |
| PART I, LINE 1B | THE EXPENSE WAS APPROVED BY THE CHAIRMAN OF THE BOARD. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 19643 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 1000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 11177 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 31 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 34000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 64602 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 19 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 38807 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (5 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | MECHANICAL EQUIPMENT | 8 | 15795 | FMV ON DATE OF GIFT |
| X | TOOLS AND SUPPLIES | 3 | 2297 | FMV ON DATE OF GIFT |
| X | MISCELLANEOUS | 40 | 20308 | FMV ON DATE OF GIFT |
| X | BOAT EQUIPMENT | 1 | 275 | FMV ON DATE OF GIFT |
| X | JEWELRY | 4 | 10753 | FMV ON DATE OF GIFT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | PART I, COLUMN (B): | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. |
| THIRD PARTY USE: | PART I, LINE 32B: | UBS FINANCIAL SERVICES WAS USED IN FISCAL YEAR ENDING 6-30-2012 TO PROCESS STOCK GIFTS BY RECEIVING THE STOCK AND LIQUIDATING, ALL ON BEHALF OF IYRS. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE DIRECTOR OF FINANCE AND CHIEF FINANCIAL OFFICER BOTH REVIEW THE 990 PRIOR TO FILING AND WORK CLOSELY WITH THE EXTERNAL TAX TEAM. FOR 2012, THE FORM 990 WILL BE REVIEWED BY THE AUDIT COMMITTEE IN CONJUNCTION WITH ITS REVIEW OF THE AUDITED FINANCIAL STATEMENTS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS THE TRUSTEES SIGN A CONFLICT OF INTEREST DOCUMENT ANNUALLY AT THE LAST BOARD MEETING OF EACH YEAR. | |
| FORM 990, PART VI, SECTION B, LINE 15A | A SALARY SURVEY IS CONSIDERED BY THE CHAIRMAN OF THE BOARD AS PART OF THE NEGOTIATION AND APPROVAL OF THE PRESIDENT'S YEARLY PACKAGE. THE BOARD OF DIRECTORS APPROVE THE BUDGET WHICH INCLUDES EMPLOYEE SALARIES. THE SALARY WORKSHEET IS AVAILABLE TO ALL BOARD MEMBERS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE DOCUMENTS ARE GIVEN TO THE REQUESTER WITHIN A FEW DAYS. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 22,516. PRIOR YEAR LATE F/S ADJUSTMENT FOR BAD DEBTS, NOT REFLECTED ON PY 990 -40,000. TOTAL TO FORM 990, PART XI, LINE 5: -17,484. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2B | THE INTERNATIONAL YACHT RESTORATION SCHOOL, INC. ("IYRS") PREPARES CONSOLIDATED FINANCIAL STATEMENTS WHICH INCLUDE THE ACCOUNTS OF IYRS'S AFFILIATES MILL RESTORATION, LLC, RESTORATION MANAGEMENT, INC., RESTORATION LEASING, LLC, AND THE MUSEUM OF YACHTING. THE CONSOLIDATED FINANCIAL STATEMENTS FOR IYRS AND ITS AFFILIATES ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. STAND-ALONE FINANCIAL STATEMENTS FOR IYRS ARE NOT AUDITED. | |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION'S PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THE ORGANIZATION'S AUDIT COMMITTEE MEETS WITH THE AUDIT FIRM, BOTH PRIOR TO AND UPON COMPLETION OF THE AUDIT, TO REVIEW THE FINANCIAL STATEMENTS AND DISCUSS ANY INTERNAL CONTROL OR OTHER RECOMMENDATIONS NOTED BY THE AUDIT FIRM. THE AUDIT FIRM IS THE LOCAL OFFICE OF A NATIONAL ACCOUNTING FIRM THAT IS SUBJECT TO REVIEW BY THE PCAOB AS WELL AS A TRIENNIAL PEER REVIEW OF ITS AUDIT PRACTICE BY ANOTHER SIMILARLY QUALIFIED ACCOUNTING FIRM. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MUSEUM OF YACHTING INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FT ADAMS STATE PARK | AddressLine1 |
| City | NEWPORT | City |
| State | RI | State |
| ZIP Code | 02840 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050387774 | EIN |
| Primary Activities | MUSEUM | PrimaryActivities |
| Legal Domicile State | RI | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 7 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MILL RESTORATION LLC | ||||||||||||||
| 449 THAMES STREET | NEWPORT | RI | 02840 | 261134582 | REAL ESTATE | RI | RESTORATION MANAGEMENT INC | UNRELATED | 13655 | 95766 | 0 | 0 | 0.01000 | |
| RESTORATION LEASING LLC | ||||||||||||||
| 449 THAMES STREET | NEWPORT | RI | 02840 | 261134383 | REAL ESTATE | RI | N/A | |||||||
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTORATION MANAGEMENT INC | |||||||||||
| 449 THAMES STREET | NEWPORT | RI | 02840 | 261126450 | REAL ESTATE | RI | N/A | C | -25522 | 4409269 | 1.00000 |
| AVOCET INDUSTRIES INC | |||||||||||
| C/O MUSEUM OF YACHTING FORT ADAMS | NEWPORT | RI | 02840 | 223450395 | HOLDS TITLE TO A BOAT | DE | N/A | C | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| RESTORATION LEASING LLC | ||
| J | 170489 | AT COST |
| THE MUSEUM OF YACHTING INC | ||
| N | 106327 | AT COST |
| RESTORATION LEASING LLC | ||
| N | 72300 | AT COST |