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Virgin Islands Power Boat Racing Association Inc

EIN 66-0914722 · St Thomas, VI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood79 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$75,333
Spending
$71,749
Reserves
3.5 months of spending
Largest source of income
donations and private grants, 99%

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 79 out of 100. Higher than 51% of charities in its peer group (recreation and sports, under $250k).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 5% of income.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $26,700 spent. 2024 St. Thomas Carnival Boat Races - The Association conducted the races on behalf of the US Virgin Islands Dept. of Tourism, Division of Festivals. The Association received the funds of $31,954.50 to disburse the prize monies to the winners in 2025 via check from M.T.O.C (Meeting Needs of Our Community Inc). The Association had paid the vendors directly from its funds in 2024 but not the prize winners, which was addressed/included in the 2024 990-EZ filing.
  2. $26,349 spent. 2025 St. Thomas Carnival boat races - The Association conducted the races on behalf of the US Virgin Islands Dept. of Tourism, Division of Festivals. Funds received of $25,000 via check from M.T.O.C. (Meeting Needs of Our Community, Inc.) and disbursed in prizes and other expenses. Overall, the event was benefited by the public at large who watched the event along with vendors selling food and drinks. Program expenses included $22,900 in prizes and other expenses of $3,449.
  3. $15,430 spent. 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.
  4. $2,042 spent. The Association purchased additional rash guards for fundraising purposes. There are funds to be deposited in 2026 for sales not recorded at the close of 2025.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.