Nonprofit · EIN 64-0881293
CRUISIN THE COAST INC
Tax-exempt · GULFPORT, MS 39505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,512,725 | $2,058,344 | $454,381 | $5,551,860 | $0 | $5,551,860 |
| December 31, 2024 | 990 | $2,418,948 | $1,816,388 | $602,560 | $5,102,942 | $5,463 | $5,097,479 |
| December 31, 2023 | 990 | $2,373,417 | $1,733,365 | $640,052 | $4,495,305 | $386 | $4,494,919 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $509,755
- of which government grants
- $509,755
- Program service revenue
- $1,870,923
- Investment income
- $131,047
- Other revenue
- $1,000
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $7,310
- Program services (functional)
- $2,051,034
- Management and general (functional)
- $7,310
Balance sheet and other
- Total assets, start of year
- $5,102,942
- Total assets, end of year
- $5,551,860
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,551,860
- Land, buildings and equipment
- $258,350
- Gross receipts
- $2,512,725
- Employees
- 4
- Volunteers
- 600
- Year formed
- 1996
- State of legal domicile
- MS
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERWOOD R BAILEY Jr | VICE-PRESIDENT Officer, Highest-paid employee | 40 | $155,577 |
| CHEVIS C SWETMAN | PRESIDENT Officer | 0 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERWOOD R BAILEY Jr | VICE-PRESIDENT Officer, Highest-paid employee | 40 | $148,654 |
| CHEVIS C SWETMAN | PRESIDENT Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERWOOD R BAILEY Jr | VICE-PRESIDENT Officer, Highest-paid employee | 40 | $125,961 |
| BILL LADY | SECTREAS Officer | 0 | $0 |
| CHEVIS C SWETMAN | PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3001, GULFPORT, MS 39505-3001
- In care of
- % SHERWOOD R BAILEY JR
- Principal officer (990 for 2025)
- SHERWOOD R BAILEY Jr, PO BOX 3001, Gulfport, MS 395053001
- Signed the 990
- SHERWOOD R BAILEY JR, VICE-PRES
- Phone
- (228) 385-3847
- Return prepared by
- Graves Accounting LLC
Mission
INCREASE TOURISM ON GULF COAST
Program accomplishments
- ANNUAL CAR SHOW WITH OVER 10000 ENTRANTS FROM 45 STATES ENHANCING HOTEL/MOTEL OCCUPANCY AND THE OVERALL ECONOMY IN THE 3 COASTAL COUNTIES.Expenses $2,051,034 · revenue $2,512,725
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0881293
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,551,860
- Income (IRS master file)
- $2,512,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,512,725 | $2,058,344 | $5,551,860 | IRS |
| 990 | December 2024 | $2,418,948 | $1,816,388 | $5,102,942 | IRS |
| 990 | December 2023 | $2,373,417 | $1,733,365 | $4,495,305 | XML |
| 990 | December 2022 | $1,828,834 | $1,656,020 | $3,874,867 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 64-0881293).
Questions about CRUISIN THE COAST INC
- What is the EIN of CRUISIN THE COAST INC?
- The employer identification number (EIN) of CRUISIN THE COAST INC is 64-0881293.
- Is CRUISIN THE COAST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1997.
- Are donations to CRUISIN THE COAST INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CRUISIN THE COAST 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 CRUISIN THE COAST 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 CRUISIN THE COAST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CRUISIN THE COAST INC?
- The 990 for the year ended December 31, 2025 names SHERWOOD R BAILEY Jr.
- Who are the officers and directors of CRUISIN THE COAST INC?
- The 990 for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $155,577 (SHERWOOD R BAILEY Jr, VICE-PRESIDENT).
- How much revenue does CRUISIN THE COAST INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,512,725, expenses of $2,058,344 and total assets of $5,551,860 at year end.
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