NonprofitsBermuda Race Foundation Inc

Recreation & Sports

Bermuda Race Foundation Inc

NEWPORT, RI

Total revenue

$713K

Total expenses

$631K

Net assets

$742K

Grants received

$35K

4 grants

EIN

861989934

Tax year

2024

Mission

To promote national and international 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, and to solicit, collect and expend funds for such purposes, and all other legal purposes under section 501(c)(3) of the code.

Programs

2 programs

Educate and train individual amateur sailors for offshore national and international amateur yacht-racing competition

Expenses: $105K

Hosting a public event, seminar or workshop

Expenses: $31K

Financials

FY 2024

Revenue

Contributions & grants$20K
Program service revenue$670K
Investment income$23K
Other revenue
Total revenue$713K

Expenses

Grants paid
Salaries & benefits
Fundraising$472
Other expenses$631K
Total expenses$631K
Total assets$742K
Net assets$742K

People

13 listed

NameRoleCompensation

BRAD WILLAUER

PRESIDENT

Board

1 hrs/wk

JEFFREY EBERLE

TREASURER

Board

14 hrs/wk

JAY GOWELL

VICE PRESIDENT, SECRETARY

Board

1 hrs/wk

PETER BECKER

BOARD MEMBER

Board

1 hrs/wk

HAL KEMPE

BOARD MEMBER

Board

1 hrs/wk

JIM BINCH

BOARD MEMBER

Board

1 hrs/wk

LES CRANE

BOARD MEMBER

Board

1 hrs/wk

NICK OREM

BOARD MEMBER

Board

1 hrs/wk

SOMERS KEMPE

BOARD MEMBER

Board

1 hrs/wk

JAMES PHYFE

BOARD MEMBER

Board

1 hrs/wk

CHANCE ANDERSON

BOARD MEMBER

Board

1 hrs/wk

BUDDY REGO

BOARD MEMBER

Board

1 hrs/wk

REBECCA ROBERTS

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$2K
UNRESTRICTED GENERAL
2023
$500
GENERAL OPERATING
2023
$27K
FUND FUTURE RACES
2022

Funded by

$35K from 4 funders · 4 grants · 2022–2023

Details

EIN861989934
NTEE codeN70
Subsection03
Ruling date2022-02
Formed2021
Employees0
Volunteers180
BERMUDA RACE FOUNDATION INC — Mission, Financials & Grants Received | Grantivo