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US nonprofit · EIN 861989934 · Newport, RIiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 861989934) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 31 December 2024: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R).Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.Principal officer IRS Form 990-N (e-Postcard) - principal officer named for tax year 2021.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Bermuda Race Foundation Inc

Donations deductible
Revenue
$713k
year to 31 December 2024
Expenses
$631k
year to 31 December 2024
Total assets
$742k
$0 liabilities
Net assets
$742k
assets less liabilities
Directors and trustees
13
3.3 years on average
Staff
0
180 volunteers
Left since last filing
0
no seats appear to have opened
Voting members
13
reported in Part VI
How am I connected?

Bermuda Race Foundation Inc's network

13 peoplei13 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (13). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.

The board

13 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.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 13 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Brad WillauerPresident2023
3 yrs
Buddy RegoBoard Member2023
3 yrs
Chance AndersonBoard Member2023
3 yrs
HAL KempeBoard Member2023
3 yrs
James PhyfeBoard Member2023
3 yrs
Jay GowellVice President, Secretary2023
3 yrs
Jeffrey EberleTreasurer2023
3 yrs
Jim BinchBoard Member2023
3 yrs
LES CraneBoard Member2023
3 yrs
Nick OremBoard Member2023
3 yrs
Peter BeckerBoard Member2023
3 yrs
Rebecca RobertsBoard Member2024
2 yrs
Somers KempeBoard Member2023
3 yrs
Under 5 years5 to 6 years6 years or moreShow all 13 →

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.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Brad WillauerPresident1$0
Jeffrey EberleTreasurer14$0
Jay GowellVice President, Secretary1$0
Peter BeckerBoard Member1$0
Hal KempeBoard Member1$0
Jim BinchBoard Member1$0
Les CraneBoard Member1$0
Nick OremBoard Member1$0
Somers KempeBoard Member1$0
James PhyfeBoard Member1$0
Chance AndersonBoard Member1$0
Buddy RegoBoard Member1$0
Rebecca RobertsBoard Member1$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Bermuda Race Foundation Inc
EIN
861989934
Address
449 Thames St, Newport, RI, 02840-6751
State
Rhode Island
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. (as filed on the Form 990)
Activity (NTEE)
N70 Recreation and sports
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Recreation & Sports
Size band
5 (IRS master file code)
Formed
2021
Principal officer
Jeffrey L Eberle (as named on the Form 990)
IRS ruling date
1 February 2022
Status
Code 01 (unconditional exemption)
Form 990 filings on record
2, latest 2024
IRS Publication 78
PC (contributions deductible)

Most connected

Related organisations (Schedule R)

RelatedPROMOTION OF CRUISING ACTIVITIES & EDUCATIONCruising Club of America

Longest observed on the filings

≥3years on the filingsBrad Willauer
≥3years on the filingsBuddy Rego
≥3years on the filingsChance Anderson
≥3years on the filingsHAL Kempe

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
$742k
Total liabilities
$0
Net assets or fund balances
$742k
Contributions and grants received
$20k
Program service revenue
$670k
Employees
0
Volunteers
180

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2024$713k$631k$82k

As filed on the IRS Form 990. US dollars.