Nonprofit · EIN 66-0914722
VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC
Tax-exempt · ST THOMAS, VI 00805
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $75,333 | $71,749 | $3,584 | $21,123 | $0 | $21,123 |
| December 31, 2024 | 990-EZ | $22,905 | $31,112 | -$8,207 | $17,539 | $0 | $17,539 |
| December 31, 2023 | 990-EZ | $76,194 | $75,617 | $577 | $25,796 | $0 | $25,796 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $74,583
- Membership dues
- $700
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $50
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $71,749
- Program services (functional)
- $70,521
Balance sheet and other
- Total assets, start of year
- $17,539
- Total assets, end of year
- $21,123
- Total liabilities, end of year
- $0
- Net assets, end of year
- $21,123
- Cash, savings and investments
- $21,123
- Gross receipts
- $75,333
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elroy Donovan Jr | President | 4 | $0 |
| Roshanna Malone | Vice President | 4 | $0 |
| Cheryl Charleswell | Secretary | 4 | $0 |
| Cedric Rogers | Treasurer | 4 | $0 |
| Gunther Carlson | Assistant Treasurer | 4 | $0 |
| Joseph Cranston | Board Chair | 4 | $0 |
| Nazil Baksh | Board Vice Chair | 4 | $0 |
| Kishon Casey | Media Relations Coordinator | 4 | $0 |
990-EZ for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elroy Donovan | President | 10 | $0 |
| Roshanna Malone | Vice President | 10 | $0 |
| Cheryl Charleswell | Secretary | 10 | $0 |
| Cedric Rogers | Treasurer | 10 | $0 |
| Gunther Carlson | Assistant Treasurer | 10 | $0 |
| Joseph Cranston | Board Chair | 10 | $0 |
| Nazil Baksh | Board Vice Chair | 10 | $0 |
| Kishon Casey | Media Relations Coordinator | 10 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elroy Donovan | President | 5 | $0 |
| Roshanna Malone | Vice President | 5 | $0 |
| Cheryl Charleswell | Secretary | 5 | $0 |
| Cedric Rogers | Treasurer | 5 | $0 |
| Gunther Carlson | Assistant Treasurer | 5 | $0 |
| Joseph Cranston | Board Chair | 5 | $0 |
| Nazil Baksh | Board Vice Chair | 5 | $0 |
| Kishon Casey | Media Relations Coordinator | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 503026, ST THOMAS, VI 00805-3026
- In care of
- % VI POWER BOAT RACING ASSOCIATION
- Mailing address (990-N for 2022)
- 6200 Frydenhoj Suite 9, St Thomas VI 00801
- Principal officer (990-N for 2022)
- Alton Phillip, 1a 21 Dorothea, St Thomas VI 00801
- Signed the 990-EZ
- Elroy Donovan, President
- Phone
- (340) 423-5373
Mission
The Association is a non-profit organization to promote safe boating and youth development in the marine industry. Also conduct programs as to boating and swimming in a safe, supervised manner for the younger generation; teach the concept of teamwork, sportsmanship, pride and courage and stimulate community interest in water sports. The Association programs include youth activities, fundraising events, and boat race activities/competition.
Program accomplishments
- 2024 St. Thomas Carnival Boat Races - The Association conducted the races on behalf of the US Virgin Islands Dept. of Tourism, Division of Festivals. The Association received the funds of $31,954.50 to disburse the prize monies to the winners in 2025 via check from M.T.O.C (Meeting Needs of Our Community Inc). The Association had paid the vendors directly from its funds in 2024 but not the prize winners, which was addressed/included in the 2024 990-EZ filing.Expenses $26,700 · grants $31,955
- 2025 St. Thomas Carnival boat races - The Association conducted the races on behalf of the US Virgin Islands Dept. of Tourism, Division of Festivals. Funds received of $25,000 via check from M.T.O.C. (Meeting Needs of Our Community, Inc.) and disbursed in prizes and other expenses. Overall, the event was benefited by the public at large who watched the event along with vendors selling food and drinks. Program expenses included $22,900 in prizes and other expenses of $3,449.Expenses $26,349 · grants $25,000
- 2025 St. John Festival Boat Races - The Association conducted the races on behalf of the US Virgin Islands Dept. of Tourism, Division of Festivals. Funds received of $17,378.10 via check from M.T.O.C. and disbursed in prizes and other expenses. Note that $1,349 of that amount was a balance due from St. Thomas races to the Association. Program Service Expenses for STJ races included $13800 in prizes and other expenses of $1,629. Also, only $200 in stipend was disbursed instead of $800 (leaving balance of $600). Overall, the event was benefited by the public at large who watched the event along with vendors selling food and drinks.Expenses $15,430 · grants $17,378
- The Association purchased additional rash guards for fundraising purposes. There are funds to be deposited in 2026 for sales not recorded at the close of 2025.Expenses $2,042
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 66-0914722
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $21,123
- Income (IRS master file)
- $75,333
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $75,333 | $71,749 | $21,123 | IRS |
| 990-EZ | December 2024 | $22,905 | $31,112 | $17,539 | XML |
| 990-EZ | December 2023 | $76,194 | $75,617 | $25,796 | XML |
| 990-N for 2022 Officer: Alton Phillip | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Alton Phillip | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0914722).
Questions about VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC
- What is the EIN of VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC?
- The employer identification number (EIN) of VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC is 66-0914722.
- Is VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC?
- The 990-N for 2022 names Alton Phillip.
- Who are the officers and directors of VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $75,333, expenses of $71,749 and total assets of $21,123 at year end.
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