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Bermuda Race Foundation, Inc.

Company Details

Name: Bermuda Race Foundation, Inc.
Jurisdiction: Rhode Island
Entity type: Domestic Non-Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 08 Feb 2021 (4 years ago)
Identification Number: 001718999
ZIP code: 02919
County: Providence County
Principal Address: 1301 ATWOOD AVENUE SUITE 215N, JOHNSTON, RI, 02919, USA
Purpose: THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES AS PROVIDED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE), INCLUDING, WITHOUT LIMITATION, TO PROMOTE NATIONAL AND INTETNATIONAL AMATEUR SAILING COMPETITION BY CONDUCTING REGIONAL, NATIONAL AND INTERNATIONAL REGATTAS AND RACES, EDUCATIONAL SEMINARS, TRAINING, CONFERENCES AND MEETINGS REGARDING OFFSHORE RACING AND SAFETY AT SEA, TO PROVIDE SERVICES IN FURTHERANCE OF THE FOREGOING, AND TO SOLICIT, COLLECT AND EXPEND FUNDS FOR SUCH PURPOSES, AND IS FURTHER AUTHORIZED TO CONDUCT ACTIVITIES IN FURTHERANCE OF ALL OTHER PURPOSES WHICH MAY BE CONDUCTED BY A NOT FOR PROFIT TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE.

Industry & Business Activity

NAICS

813211 Grantmaking Foundations

This U.S. industry comprises establishments known as grantmaking foundations or charitable trusts. Establishments in this industry award grants from trust funds based on a competitive selection process or the preferences of the foundation managers and grantors; or fund a single entity, such as a museum or university. Learn more at the U.S. Census Bureau

Agent

Name Role Address
JOHN R. GOWELL Agent PANNONE LOPES DEVEREAUX & O'GARA LLC 1301 ATWOOD AVENUE SUITE 215N, JOHNSTON, RI, 02919, USA

PRESIDENT

Name Role Address
W. BRADFORD WILLAUER PRESIDENT 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA

TREASURER

Name Role Address
JEFFREY L. EBERLE TREASURER 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA

SECRETARY

Name Role Address
PETER B. BECKER SECRETARY 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA

ASSISTANT TREASURER

Name Role Address
PATRICIA YOUNG ASSISTANT TREASURER 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA

VICE PRESIDENT

Name Role Address
JOHN R. GOWELL VICE PRESIDENT 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA

DIRECTOR

Name Role Address
JOHN R. GOWELL DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
P. LESLIE CRANE DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
SOMERS W. KEMPE DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
W. BRADFORD WILLAUER DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
JAMES G. BINCH DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
JEFFREY L. EBERLE DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
NICHOLAS OREM DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
KATHLEEN M. O'DONNELL DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
BUDDY REGO DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA
PETER B. BECKER DIRECTOR 1301 ATWOOD AVENUE, SUITE 215N JOHNSTON, RI 02919 USA

Filings

Number Name File Date
202454810910 Annual Report 2024-05-23
202331783980 Annual Report 2023-03-27
202217908690 Annual Report 2022-05-27
202190388180 Articles of Incorporation 2021-02-08

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
86-1989934 Corporation Unconditional Exemption 449 THAMES ST, NEWPORT, RI, 02840-6751 2022-02
In Care of Name % JEFFREY L EBERLE
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Educational Organization, Local Association of Employees, Agricultural Organization, Horticultural Organization, Board of Trade, Business League, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Voluntary Employees' Beneficiary Association (Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Mutual Ditch or Irrigation Co., Burial Association, Cemetery Company, Credit Union, Other Mutual Corp. or Assoc., Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2023-12
Asset 500,000 to 999,999
Income 25,000 to 99,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 570724
Income Amount 60967
Form 990 Revenue Amount 60967
National Taxonomy of Exempt Entities M99 Public Safety, Disaster Preparedness & Relief N.E.C Recreation & Sports: Amateur Sports Competitions
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_86-1989934_BERMUDARACEFOUNDATIONINC_07052021_00.tif

Form 990-N (e-Postcard)

Organization Name BERMUDA RACE FOUNDATION INC
EIN 86-1989934
Tax Year 2021
Beginning of tax period 2021-11-01
End of tax period 2022-10-31
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 6 WRIGHT FARM, CONCORD, MA, 01742, US
Principal Officer's Name JEFFREY EBERLE
Principal Officer's Address 6 WRIGHT FARM, CONCORD, MA, 01742, US
Organization Name BERMUDA RACE FOUNDATION INC
EIN 86-1989934
Tax Year 2020
Beginning of tax period 2020-11-01
End of tax period 2021-10-31
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 6 WRIGHT FARM, CONCORD, MA, 01742, US
Principal Officer's Name JEFFREY L EBERLE
Principal Officer's Address 6 WRIGHT FARM, CONCORD, MA, 01742, US

Date of last update: 28 Oct 2024

Sources: Rhode Island Department of State