Nonprofit · EIN 05-0470320
IYRS SCHOOL OF TECHNOLOGY & TRADES
Tax-exempt · NEWPORT, RI 02840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,698,292 | $5,480,527 | $217,765 | $21,288,824 | $1,311,144 | $19,977,680 |
| June 30, 2024 | 990 | $5,381,659 | $5,323,374 | $58,285 | $21,806,897 | $1,435,183 | $20,371,714 |
| June 30, 2023 | 990 | $4,779,750 | $5,660,729 | -$880,979 | $23,167,671 | $2,853,708 | $20,313,963 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,399,399
- Program service revenue
- $3,035,837
- Investment income
- $138,384
- Net rental income
- $44,702
- Net gain from sales of assets
- $3,178
- Net income from fundraising events
- -$170,869
- Net income from gaming
- $20,560
- Net income from sales of inventory
- $3,301
- Other revenue
- $124,672
Expenses
- Grants and similar amounts paid
- $320,587
- Compensation of officers, directors and key employees
- $512,490
- Other salaries and wages
- $1,922,404
- Salaries, compensation and benefits (total)
- $2,802,002
- Professional fundraising fees
- $0
- Legal fees
- $18,493
- Accounting fees
- $46,707
- Occupancy
- $344,109
- Travel
- $10,401
- Depreciation
- $436,024
- Program services (functional)
- $4,084,881
- Management and general (functional)
- $874,013
- Fundraising (functional)
- $521,633
Balance sheet and other
- Total assets, start of year
- $21,806,897
- Total assets, end of year
- $21,288,824
- Total liabilities, end of year
- $1,311,144
- Net assets, end of year
- $19,977,680
- Land, buildings and equipment
- $10,838,807
- Publicly traded securities
- $872,900
- Net assets without donor restrictions
- $18,379,123
- Net assets with donor restrictions
- $1,598,557
- Gross unrelated business income
- $51,276
- Gross receipts
- $6,254,882
- Employees
- 29
- Volunteers
- 34
- Year formed
- 1993
- State of legal domicile
- RI
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KERN MAASS | PRESIDENT/CEO Trustee or director, Officer | 50 | $292,356 | $46,859 |
| MONIQUE COLLINS | CFO & DIRECTOR OF OPERATIONS Officer | 50 | $138,698 | $37,629 |
| WILLIAM KENYON | DEAN OF STUDENTS Highest-paid employee | 50 | $105,558 | $6,317 |
| STEPHEN GLASCOCK | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| RONALD O'HANLEY | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| DOUGLAS NEWHOUSE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| TOM FARRELL | SECRETARY THRU 02/2025 Trustee or director, Officer | 0.5 | $0 | $0 |
| LISA LEFORT | SECRETARY AS OF 03/2025 Trustee or director, Officer | 0.5 | $0 | $0 |
| GEORGE BAKER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SUSAN BALLOCH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DR KATHLEEN BARNES | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN BROOKS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CONNELL CHRISTOPHER CANNON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LISA HINTZ CHEEK | TRUSTEE THRU 07/2024 Trustee or director | 0.5 | $0 | $0 |
| MALCOLM D CLARKE JR | TRUSTEE THRU 09/2024 Trustee or director | 0.5 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARRELL CRATE | TRUSTEE Trustee or director | 0.5 | $0 |
| PETER DENTON | TRUSTEE Trustee or director | 0.5 | $0 |
| DAISY D'ISERNIA | TRUSTEE Trustee or director | 0.5 | $0 |
| RONALD DUNBAR | TRUSTEE Trustee or director | 0.5 | $0 |
| BILL FIRTH | TRUSTEE Trustee or director | 0.5 | $0 |
| LAUREN FLAHERTY | TRUSTEE Trustee or director | 0.5 | $0 |
| ROBERT FLAXMAN | TRUSTEE THRU 05/2025 Trustee or director | 0.5 | $0 |
| LAWRENCE GLENN | TRUSTEE THRU 03/2025 Trustee or director | 0.5 | $0 |
| JOHN HALEY | TRUSTEE Trustee or director | 0.5 | $0 |
| RALPH ISHAM | TRUSTEE Trustee or director | 0.5 | $0 |
| NEAL HARRELL JR | TRUSTEE Trustee or director | 0.5 | $0 |
| BILL KAHANE | TRUSTEE Trustee or director | 0.5 | $0 |
| MARTIN KEEN | TRUSTEE Trustee or director | 0.5 | $0 |
| TERRY LANZA | TRUSTEE THRU 07/2024 Trustee or director | 0.5 | $0 |
| SEAN NEWTH | TRUSTEE Trustee or director | 0.5 | $0 |
| DAN OGDEN | TRUSTEE Trustee or director | 0.5 | $0 |
| RIVES POTTS | TRUSTEE Trustee or director | 0.5 | $0 |
| CARTER RICHARDSON | TRUSTEE Trustee or director | 0.5 | $0 |
| HANNAH SWETT | TRUSTEE Trustee or director | 0.5 | $0 |
| ALEX VALCIC | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAY COOGAN | PRESIDENT/CEO (TO 7/23) Trustee or director, Officer | 50 | $189,813 | $24,116 |
| MONIQUE COLLINS | CFO Officer | 50 | $137,481 | $20,175 |
| KERN MAASS | PRESIDENT/CEO Trustee or director, Officer | 50 | $149,507 | $4,640 |
| ALEX VALCIC | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BILL FIRTH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BILL MORONG | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CARTER RICHARDSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CONNELL CHRISTOPHER CANNON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DAISY D'ISERNIA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DANIEL OGDEN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DARRELL CRATE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DEBORAH HADLEY | TRUSTEE (TO 9/23) Trustee or director | 0.5 | $0 | $0 |
| DOUGLAS L NEWHOUSE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DR KATHLEEN BARNES | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GEORGE BAKER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| HANNAH SWETT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| J STEVE WHITE | TRUSTEE (TO 7/23) Trustee or director | 0.5 | $0 | $0 |
| JOHN BROOKS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN HALEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN KLINCK JR | TRUSTEE (TO 7/23) Trustee or director | 0.5 | $0 | $0 |
| LAUREN FLAHERTY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LAWRENCE GLENN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LISA HINTZ CHEEK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LISA LEFORT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MALCOLM D CLARKE JR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARTIN KEEN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MICHAEL J DOMINGUEZ | SECRETARY (TO 7/23) Trustee or director, Officer | 0.5 | $0 | $0 |
| NEAL HARRELL JR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| PETER DENTON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RALPH ISHAM | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RIVES POTTS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT FLAXMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RONALD DUNBAR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RONALD P O'HANLEY | VICE-CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| SEAN NEWTH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEPHEN GLASCOCK | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| SUSAN BALLOCH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TERRY LANZA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| THOMAS FARRELL | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| WILLIAM KAHANE | TRUSTEE Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAY COOGAN | PRESIDENT/CEO Trustee or director, Officer | 50 | $280,226 | $30,632 |
| MONIQUE COLLINS | CFO Officer | 50 | $134,537 | $11,737 |
| CONNELL CHRISTOPHER CANNON | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| RONALD P O'HANLEY | VICE-CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| WILLIAM KAHANE | DIRECTOR (FROM 7/2022) Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL J DOMINGUEZ | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| GEORGE BAKER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SUSAN BALLOCH | TRUSTEE (FROM 7/2022) Trustee or director | 0.5 | $0 | $0 |
| LISA HINTZ CHEEK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MALCOLM D CLARKE JR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DARRELL CRATE | TRUSTEE (FROM 7/2022) Trustee or director | 0.5 | $0 | $0 |
| PETER DENTON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DAISY D'ISERNIA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RONALD DUNBAR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| THOMAS FARRELL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BILL FIRTH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT FLAXMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEPHEN GLASCOCK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LAWRENCE GLENN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DEBORAH HADLEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RALPH ISHAM | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN KLINCK JR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARTIN KEEN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TERRY LANZA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LISA LEFORT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BILL MORONG | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DOUGLAS L NEWHOUSE | TREASURER Trustee or director | 0.5 | $0 | $0 |
| SEAN NEWTH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DANIEL OGDEN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RON O'HANLEY VICE CHAIRMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RIVES POTTS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CARTER RICHARDSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| HANNAH SWETT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ALEX VALCIC | TRUSTEE (FROM 7/2022) Trustee or director | 0.5 | $0 | $0 |
| J STEVE WHITE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 449 THAMES ST UNIT 111, NEWPORT, RI 02840-6750
- Principal officer (990 for 2024)
- KERN MAASS, 449 THAMES STREET, NEWPORT, RI 02840
- Signed the 990
- MONIQUE COLLINS, CFO
- Phone
- (401) 848-5777
- Website
- WWW.IYRS.EDU
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
IYRS EMPOWERS STUDENTS THROUGH IMMERSIVE, HANDS-ON INNOVATIVE LEARNING TO REALIZE THEIR FULL POTENTIAL.
Program accomplishments
- 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.Expenses $3,710,601 · grants $320,587 · revenue $2,441,558
- 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.Expenses $374,280 · revenue $594,279
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0470320
- 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
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80Z)
- Assets (IRS master file)
- $21,288,824
- Income (IRS master file)
- $6,254,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,698,292 | $5,480,527 | $21,288,824 | IRS |
| 990 | June 2024 | $5,381,659 | $5,323,374 | $21,806,897 | XML |
| 990 | June 2023 | $4,779,750 | $5,660,729 | $23,167,671 | XML |
| 990 | June 2022 | $5,182,625 | $4,570,296 | $24,395,751 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 05-0470320).
Questions about IYRS SCHOOL OF TECHNOLOGY & TRADES
- What is the EIN of IYRS SCHOOL OF TECHNOLOGY & TRADES?
- The employer identification number (EIN) of IYRS SCHOOL OF TECHNOLOGY & TRADES is 05-0470320.
- Is IYRS SCHOOL OF TECHNOLOGY & TRADES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to IYRS SCHOOL OF TECHNOLOGY & TRADES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IYRS SCHOOL OF TECHNOLOGY & TRADES 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 IYRS SCHOOL OF TECHNOLOGY & TRADES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IYRS SCHOOL OF TECHNOLOGY & TRADES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IYRS SCHOOL OF TECHNOLOGY & TRADES?
- The 990 for the year ended June 30, 2025 names KERN MAASS.
- Who are the officers and directors of IYRS SCHOOL OF TECHNOLOGY & TRADES?
- The 990 for the year ended June 30, 2025 lists 35 people; 3 received compensation from the organization, the highest $292,356 (KERN MAASS, PRESIDENT/CEO).
- How much revenue does IYRS SCHOOL OF TECHNOLOGY & TRADES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,698,292, expenses of $5,480,527 and total assets of $21,288,824 at year end.
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