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
2022-06-01
Description
IYRS offers immersive, hands-on learning in 5 programs, including boatbuilding and marine systems. It owns a marina and restoration facilities.
Also known as...
Iyrs School of Technology and Trades; The International Yacht Restoration School
Total revenues
$5,182,625
2022
Total expenses
$4,570,296
2022
Total assets
$24,395,751
2022
Num. employees
37
2022

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, and owns a temporary building used for the restoration of the yacht "coronet". In addition, Iyrs manges other related organizations.

Who funds IYRS School of Technology and Trades School

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Van Beuren Charitable Foundation (vBCF)Unrestricted, Brooks Building Capital Campaign$400,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$241,100
Block Island Maritime FundingGeneral Support$127,132
...and 18 more grants received totalling $1,120,622

Personnel at IYRS School of Technology and Trades School

NameTitleCompensation
Jay CooganPresident$257,184
Monique CollinsChief Financial Officer$5,385
Monika MillerDirector of Finance$84,180
Bill KenyonDirector of Education
John CayerDirector of Facilities and Marina Manager
...and 14 more key personnel

Financials for IYRS School of Technology and Trades School

RevenuesFYE 06/2022
Total grants, contributions, etc.$2,295,446
Program services$2,215,875
Investment income and dividends$107,044
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$72,806
Net gain from sale of non-inventory assets$-12,509
Net income from fundraising events$151,948
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$352,015
Total revenues$5,182,625

Form 990s for IYRS School of Technology and Trades School

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-12990View PDF
2020-062021-04-14990View PDF
2019-062020-09-15990View PDF
2018-062019-12-20990View PDF
2016-062017-08-16990View PDF
...and 7 more Form 990s
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 13 new personnel
May 14, 2023
Used new vendors
Identified 1 new vendor, including
May 9, 2023
Received grants
Identified 2 new grant, including a grant for $45,000 from R Dudley Harrington JR Char Foundation
August 3, 2022
Received grants
Identified 7 new grant, including a grant for $60,000 from R Dudley Harrington JR Char Foundation
Nonprofit Types
Employment organizationsSchoolsCharities
Issues
EducationArts, cultural, and humanitiesHuman servicesSportsHistory
Characteristics
Fundraising eventsEndowed supportGala fundraisersTax deductible 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
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