Block Island Maritime Funding Inc
Donations deductibleRevenue
$4.3m
year to 31 December 2024
Expenses
$1.6m
year to 31 December 2024
Total assets
$4.8m
$240k liabilities
Net assets
$4.6m
assets less liabilities
Directors and trustees
3
5.8y av
Staff
5
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
1
named in Part VII
Block Island Maritime Funding Inc's network
3 peoplei3 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (3). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
3 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 3 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Linda Harris | Company secretary | 2022 | 4 yrs |
| Nathaniel Harris | President | 2022 | 4 yrs |
| Richard T Harris | Director | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Susan Rhodes | Treasurer | since 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Richard T Harris | Director | 40 | $39k | $3k | |
| Linda Harris | Secretary | 30 | $38k | ||
| Nathaniel Harris | President | 5 | $0 |
About
- Legal name
- Block Island Maritime Funding Inc
- EIN
- 050507802
- Address
- Po Box 5338, Wakefield, RI, 02880-5338
- State
- Rhode Island
- Mission
- Supports youth sailing programs through Atlantic Challenge Foundation and Piers Island Maritime Institute (as filed on the Form 990)
- Activity (NTEE)
- O50 Youth development
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Youth Development
- Size band
- 6 (IRS master file code)
- Formed
- 2001
- Principal officer
- Nathaniel Harris (as named on the Form 990)
- IRS ruling date
- 1 December 2012
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsRichard T Harris
≥4years on the filingsLinda Harris
≥4years on the filingsNathaniel Harris
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $4.8m
- Total liabilities
- $240k
- Net assets or fund balances
- $4.6m
- Contributions and grants received
- $4.1m
- Program service revenue
- $422k
- Employees
- 5
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $4.3m | $1.6m | $2.7m |
As filed on the IRS Form 990. US dollars.