2024-03-21T09:17:35-07:00 2023-12-31 990EZ 2023-01-01 660914722 VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC VIRG 3404235373 6200 Frydenhoj St Thomas VI 00802 Cheryl Charleswell Secretary 3406437071 2024-03-18 Cheryl Charleswell 999009999 0 0 11 0 AAL2 2023 2023-04-26 12:10:37Z X X X X X 78355 X 76000 0 0 0 0 0 0 0 2355 2161 194 0 0 0 0 76194 0 0 0 0 0 0 75617 75617 577 16653 8566 25796 16653 25796 0 0 0 0 16653 25796 0 0 16653 25796 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. 2022 St. John Festival Boat Races - hosted by the US Virgin Islands Dept. of Tourism, Division of Festivals. Organization conducted the event on behalf of the USVI Government. Prize funds of $15,000 received actually in 2023 to expend to the boat race winners and other expenses. General Public benefited from watching the event along with vendors selling food, drinks, etc. 0 13400 2023 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 $35,000. funds received and expended to over thirty (30) persons. General public benefited by watching the event; vendors selling food and drinks. 0 35400 2023 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 $26,000 and disbursed in prizes and other expenses to over twenty (20) persons. Overall, the event was benefited by the public at large who watched the event along with vendors selling food and drinks. 0 26300 Program fundraising event wherein the Association sold drinks at the St. Thomas Carnival Boat Races as part of its fundraising efforts Revenue of $2,355 and expenses of $2267.47. Other additional expenses of $45 bank fees; $365.96 supplies. 0 2678 77778 X Elroy Donovan President 5.0 0 0 0 Roshanna Malone Vice President 5.0 0 0 0 Cheryl Charleswell Secretary 5.0 0 0 0 Cedric Rogers Treasurer 5.0 0 0 0 Gunther Carlson Assistant Treasurer 5.0 0 0 0 Joseph Cranston Board Chair 5.0 0 0 0 Nazil Baksh Board Vice Chair 5.0 0 0 0 Kishon Casey Media Relations Coordinator 5.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VI Cheryl Charleswell 382 Estate Wintberg St Thomas VI 00802 3406437071 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 13210 2920 0 24400 76000 116530 13210 2920 0 24400 76000 116530 116530 12470 378 0 0 2355 15203 131733 0 X Schedule A, Part II, Line 10 Other Income: 2019 - Fundraising events of $11,530.24 and Other Sources of $940 Fish Fry Food Sale 2020 - Other Sources of $378 as donation from members 2023 - Fundraising event selling of drinks at St. Thomas Carnival Boat Races Revenue of $2,355 Form 990-EZ, Part I, Line 16 Funds received from the US Virgin Islands Department of Tourism, Division of Festivals to host on its behalf Carnival and Festival boat races. 2023 St. Thomas Boat Races - Funds received of $35,000 --Expenses of 35,400 (prizes awarded of $28,700; Permit Fee of $100; Other Expenses of $3,923.10; Funds returned to the USVI Government of $2,676.90. 2023 St. John Festival Boat Races - Funds received of $26,000 Expenses of $26,300 (prizes awarded of $17,900; Permit Fee of $100; Other Expenses of $2,881.20; Funds returned to the USVI Government of $5,418.80). 2022 St. John Festival Boat Races - Funds received in 2023 of $15,000 (but races held in 2022) Expenses of $13,400 (prizes of $13,400. Note $100 Permit Fee paid in 2022. Form 990-EZ, Part I, Line 20 At December 31, 2023 - there were several checks not cleared, thus reflecting increased cash at end of year. Form 990-EZ, Part IV On October 7, 2023, special meeting held and Corporate Resolution adopted and dated 10/9/23 as to the following members resigned or replaced: Roger Francis - removed and Joseph Cranston appointed Alton Phillip - stepped down as President; Elroy Donovan appointed Glenville Ross, Sr. - stepped down as Vice President; Roshanna Malone appointed Joseph Cranston - appointed as Board Chair Nazil Baksh - appointed as Board Vice Chair Cedric Rogers - appointed as Treasurer Gunther Carlson - appointed as Assistant Treasurer Kishon Casey - appointed as Media Relations Coordinator Rochelle Niles- former Secretary passed away and previously was replaced by Cheryl Charleswell Devon Blyden - resigned previously from the Board Note: All Directors and Officers provide a voluntary service only and thus not compensated from direct funds of the Association. Corporate Resolution filed with the US Virgin Islands Office of the Lieutenant Governor, Division of Corporations and Trademarks.