Virgin Islands Power Boat Racing Association Inc

Nonprofit profile at a glance

EIN
660914722
IRS 990-EZ coverage
2023–2025
Forms available
Form 990-EZ 2025, Form 990-N 2022
Location
St Thomas, VI, USA
Phone
3404235373
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Recreational l Clubs

Reported finances

Revenue
$75,333
Expenses
$71,749
Assets
$21,123
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Elroy Donovan Jr (President)
  • Roshanna Malone (Vice President)

People named in this filing

  • Elroy Donovan Jr (President)
  • Roshanna Malone (Vice President)
  • Cheryl Charleswell (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 100
  • Sustainability: 46
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.6%; rating input score 94
  • Program expense ratio: 98.3%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 4.8%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -6.1% per year; rating input score 0; 34th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: -10.9% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 93.6% of revenue deployed · 98.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $71K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.