2025-03-21T17:09:51-07:00 2024-12-31 990EZ 2024-01-01 660914722 VIRGIN ISLANDS POWER BOAT RACING ASSOCIATION INC VIRG 3404235373 PO Box 503026 St Thomas VI 00805 Elroy Donovan President 3404235373 2025-03-04 1 2024 2025-03-06 01:10:19Z X X X X 22905 X 16600 0 400 0 0 0 0 0 5905 0 5905 0 0 0 0 22905 0 0 0 0 0 0 31112 31112 -8207 25796 -50 17539 25796 17539 0 0 0 0 25796 17539 0 0 25796 17539 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. 2024 St. Thomas Carnival Boat Races - The Association conducted the races on behalf of the US Virgin Islands Dept. of Tourism, Division of Festivals. To date, the Association has not received the funds of $30,000 to disburse the prize monies to the winners. It is anticipated the funds will be provided on or before April 1, 2025. However, certain payments were made to vendors directly from the Association. 0 2358 2024 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 $16,100 via check from M.T.O.C. 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. Additionally, there were checks reissued for the 2023 St. John Boat races ($5,450). Other fees - $250 bank fees for "stop payment" of checks, etc. 0 18720 Program fundraising event wherein the Association sold rash guards to members as well as the public at both the St. Thomas Carnival Boat Races and St. John Festival Boat Races as part of its fundraising efforts. Revenues collected of $5,220 and expenses of $9,663 associated to the creating and purchasing of the rash guards for sale. Note: The Association still have on hand rash guards for further fundraising of selling the shirts. 0 9663 Several Association members joined the students and members of the Marine Vocational Program (MVP) for an educational field event in May 2024 to the local US Coast Guard on St. Thomas. US Coast Guard representative provided valuable lessons on the proper use of life vests, importance of the required life vest on vessels, etc. Also, Native Son, Inc. partnered with the Coast Guard wherein everyone present were able to take a trip and witness a rescue if a passenger goes overboard. 0 0 30741 Elroy Donovan President 10.00 0 0 0 Roshanna Malone Vice President 10.00 0 0 0 Cheryl Charleswell Secretary 10.00 0 0 0 Cedric Rogers Treasurer 10.00 0 0 0 Gunther Carlson Assistant Treasurer 10.0 0 0 0 Joseph Cranston Board Chair 10.0 0 0 0 Nazil Baksh Board Vice Chair 10.00 0 0 0 Kishon Casey Media Relations Coordinator 10.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VI Elroy Donovan Jr PO Box 503026 St Thomas VI 00805 3404235373 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 2920 0 24400 76000 17000 120320 2920 0 24400 76000 17000 120320 120320 378 0 0 2355 5905 8638 128958 0 0.93302 0.00 X Schedule A, Part II, Line 10 Fundraising event - sale of rash guards RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 16 Other Expenses: Boat race prizes - $16,000 Government fees - $200 Bank Fees - $270 Supplies/Rash guards - $9,663 Misc. Expenses - $4,978.33 (which include $370 for three wreaths for members' funeral) Form 990-EZ, Part I, Line 20 difference in paid check - bank cleared amount of $195.96 but actual check is $145.96 (ck #1134)