- Revenue 2023
- $5,381,659
- Expenses 2023
- $5,323,374
Program services were 74.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- A80Z
- Classification
- 2000
- Street
- 449 THAMES ST UNIT 111
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2023
Mission
IYRS EMPOWERS STUDENTS THROUGH IMMERSIVE, HANDS-ON LEARNING TO REALIZE THEIR FULL POTENTIAL IN CAREER AND IN LIFE.
Activities or mission (Part I)
IYRS EMPOWERS STUDENTS THROUGH IMMERSIVE, HANDS-ON LEARNING TO REALIZE THEIR FULL POTENTIAL IN CAREERS AND IN LIFE.
-
IYRS OFFERS FOUR, 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 9-MONTH PROGRAM THAT HAS FOUR CORNERSTONES: COMPOSITES FUNDAMENTALS, COMPOSITES MANUFACTURING METHODS, COMPOSITES TOOLING DEVELOPMENT, AND COMPOSITES REPAIR AND REFINISHING. THE DIGITAL MODELING & FABRICATION PROGRAM IS A 9-MONTH PROGRAM THAT IS A TECHNICAL SKILL BUILDING PLATFORM FOR THE MODERN MAKER OR MANUFACTURER.
Expenses $3,601,660 · Grants $296,870 · Revenue $2,323,538
-
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.
Expenses $347,085 · Revenue $673,062
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2023
As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Alex ValcicALEX VALCIC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill FirthBILL FIRTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill MorongBILL MORONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Carter RichardsonCARTER RICHARDSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Connell Christopher CannonCONNELL CHRISTOPHER CANNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Daisy D'IserniaDAISY D'ISERNIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel OgdenDANIEL OGDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Darrell CrateDARRELL CRATE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Deborah HadleyDEBORAH HADLEY
TRUSTEE (TO 9/23)
- Total calculated
- $0
- Hours/week
- 0.5
-
Douglas L NewhouseDOUGLAS L NEWHOUSE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Kathleen BarnesDR KATHLEEN BARNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
George BakerGEORGE BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Hannah SwettHANNAH SWETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
J Steve WhiteJ STEVE WHITE
TRUSTEE (TO 7/23)
- Total calculated
- $0
- Hours/week
- 0.5
-
Jay CooganJAY COOGAN
PRESIDENT/CEO (TO 7/23)
- Total calculated
- $213,929
- From this org
- $189,813
- From related orgs
- $0
- Other
- $24,116
- Hours/week
- 50 + 2 related
Schedule J breakdown matched by us
- Base
- $189,813
- Bonus
- $0
- Other
- $0
- Deferred
- $11,407
- Nontaxable benefits
- $12,709
- Filer's total
- $213,929
-
John BrooksJOHN BROOKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John HaleyJOHN HALEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John Klinck JrJOHN KLINCK JR
TRUSTEE (TO 7/23)
- Total calculated
- $0
- Hours/week
- 0.5
-
Kern MaassKERN MAASS
PRESIDENT/CEO
- Total calculated
- $154,147
- From this org
- $149,507
- From related orgs
- $0
- Other
- $4,640
- Hours/week
- 50 + 2 related
Schedule J breakdown matched by us
- Base
- $114,507
- Bonus
- $35,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,640
- Filer's total
- $154,147
-
Lauren FlahertyLAUREN FLAHERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Lawrence GlennLAWRENCE GLENN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Lisa Hintz CheekLISA HINTZ CHEEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Lisa LefortLISA LEFORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Malcolm D Clarke JrMALCOLM D CLARKE JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Martin KeenMARTIN KEEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.
Filings
-
2023
- Revenue
- $5,381,659
- Expenses
- $5,323,374
- Contributions
- $2,281,307
- Grants paid
- $296,870
-
2022
- Revenue
- $4,779,750
- Expenses
- $5,660,729
- Contributions
- $2,013,201
- Grants paid
- $467,981
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $5,182,625
- Expenses
- $4,570,296
- Assets (EOY)
- $24,395,751
-
2020 · 990
- Revenue
- $6,955,920
- Expenses
- $4,380,319
- Assets (EOY)
- $26,287,190
-
2019 · 990
- Revenue
- $4,836,512
- Expenses
- $4,215,374
- Assets (EOY)
- $26,980,906
-
2018 · 990
- Revenue
- $3,859,744
- Expenses
- $4,463,587
- Assets (EOY)
- $26,607,842
-
2017 · 990
- Revenue
- $4,936,001
- Expenses
- $4,799,487
- Assets (EOY)
- $27,496,461
-
2015 · 990
- Revenue
- $5,948,024
- Expenses
- $3,831,943
- Assets (EOY)
- $18,577,346
-
2014 · 990
- Revenue
- $4,437,834
- Expenses
- $3,465,080
- Assets (EOY)
- $16,857,329
-
2013 · 990
- Revenue
- $4,169,887
- Expenses
- $3,350,564
- Assets (EOY)
- $15,034,912
-
2012 · 990
- Revenue
- not reported
- Expenses
- $3,190,211
- Assets (EOY)
- $13,679,367
-
2011 · 990
- Revenue
- not reported
- Expenses
- $3,277,527
- Assets (EOY)
- $13,591,948
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
2022 For grant recipient's exempt purposes
-
2024 For grant recipient's exempt purposes
-
2023 For grant recipient's exempt purposes
-
2023 FOR RECIPIENT'S EXEMPT PURPOSE
-
DONOR ADVISED CHARITABLE GIVING
$49,174
2024 ARTS, CULTURE & HUMANITIES
-
2022 EDUCATION
-
2022 FOR RECIPIENT'S EXEMPT PURPOSE
-
2023 EDUCATIONAL SUCCESS
-
DONOR ADVISED CHARITABLE GIVING
$22,500
2023 ARTS, CULTURE & HUMANITIES
-
$21,500
2023 FOR GENERAL SUPPORT.
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Related partnerships on its 2023 return
-
MILL RESTORATION LLC
EXCLUDED · REAL ESTATE · RI · 100% owned · share of income $420,577 · share of assets $7,334,560
-
RESTORATION LEASING LLC
EXCLUDED · REAL ESTATE · RI · 100% owned · share of income $654,183 · share of assets $1,323,011 · general or managing partner
Related corporations and trusts on its 2023 return
-
RESTORATION MANAGEMENT INC
C · REAL ESTATE · RI · 100% owned · share of income $39,894 · share of assets $3,893,652
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.