EIN 05-0470320

IYRS School of Technology and Trades School

IRS 501(c) type
501(c)(3)
Num. employees
37
Year formed
1993
Most recent tax filings
2023-06-01
Description
IYRS School of Technology and Trades empowers students through hands-on education in marine trades and advanced manufacturing, fostering craftsmanship and professional growth.
Also known as...
Iyrs School of Technology and Trades; The International Yacht Restoration School
Total revenues
$4,779,750
2023
Total expenses
$5,660,729
2023
Total assets
$23,167,671
2023
Num. employees
37
2023

Program areas at IYRS School of Technology and Trades School

Iyrs offers five, accsc-accredited programs that range in duration from 6 to 20 months. The boatbuilding & restoration is a two-year program about mastering a craft based on the fundamentals of woodenn boatbuilding. The marine stystems is a 6-month program that trains students to install, repair and maintain every essential system on boats of all sizes: electrical, navigaion, electronics, steering, diesel engines, plumbing, firefighting, hvac, refrigeration and more. The composites Technology is a 6 month program that has four cornerstones: composites fundamentals, composites manufacturing methods, composites tooling development, and composites repair and refinishing. The combined program in composites Technology and marine systems program is 11 months, where students attend both programs and complete the program with one externship. The digital modeling & fabrication is a 9 month program that is a technical skill building platform for the modern maker or manufacturer.
Iyrs also owns and operates a marina to showcase classic and other boats which provide students opportunities for hands-on work. In addition, Iyrs manages other related organizations.

Who funds IYRS School of Technology and Trades School

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$345,450
Alletta Morris Mcbean Charitable TrustCapital Campaign To Secure Iyrs's Future$250,000
Van Beuren Charitable Foundation (vBCF)Power of 100 Scholarship, Wharf Design and General Support$115,000
...and 27 more grants received totalling $1,077,283

Personnel at IYRS School of Technology and Trades School

NameTitleCompensation
Jay CooganPresident and Chief Executive Officer$280,226
Monique CollinsChief Financial Officer and Director of Operations$134,537
Lisa EspositoDean of Education
Bill KenyonDean of Students and Lead Instructor of Boatbuilding and Restoration
Monika MillerDirector of Finance$84,180
...and 11 more key personnel

Financials for IYRS School of Technology and Trades School

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,013,201
Program services$2,726,052
Investment income and dividends$299,216
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$89,260
Net gain from sale of non-inventory assets$-400,840
Net income from fundraising events$27,152
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$25,709
Total revenues$4,779,750

Form 990s for IYRS School of Technology and Trades School

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-10990View PDF
2022-062023-04-12990View PDF
2021-062022-03-24990View PDF
2020-062021-04-14990View PDF
2019-062020-09-15990View PDF
...and 9 more Form 990s
Data update history
November 3, 2024
Updated personnel
Identified 17 new personnel
October 24, 2024
Received grants
Identified 1 new grant, including a grant for $2,500 from Lyn and Margaret Comfort Charitable Foundation
July 20, 2024
Updated personnel
Identified 4 new personnel
July 16, 2024
Received grants
Identified 6 new grant, including a grant for $20,000 from Laura M and Peter T Grauer Foundation
July 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Employment organizationsSchoolsCharities
Issues
EducationArts, cultural, and humanitiesHuman servicesSportsHistory
Characteristics
Fundraising eventsNational levelReceives government fundingEndowed supportProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
449 Thames St
Newport, RI 02840
Metro area
Providence-Warwick, RI-MA
County
Newport County, RI
Website URL
iyrs.edu/ 
Phone
(401) 848-5777
Facebook page
IYRS.Training.Programs 
Twitter profile
@iyrsedu 
IRS details
EIN
05-0470320
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B41: Community College, Jr. College
NAICS code, primary
61151: Technical and Trade Schools
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0226008
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-12-31
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