Dive Lab

What it reported doing in 2025

The organization's holistic and technical approach to diving focuses on the joy of diving and encourages personal development and intrinsic self-worth. One of the organizations goals is to expand the opportunity to participate in recreational and competitive diving by furthering and promoting inclusion within the sport through both increased access and increased affordability. The organization makes the sport affordable by offering reduced rates to those without sufficient means to participate. The organization plans to offer the opportunity to participate in its diving programs to as many people as possible. The organization also intends to promote greater well-being in the community through the life-long benefits to people of all ages of being engaged in athletics.in order to carry out these charitable purposes, the organization has commenced holding diving lessons and practices with trained professionals for people ages 5 and up, programs with multi-disciplinary specialists, including sports psychologists, to address the greater wellness of the athletes, and dryland trainings including strength and conditioning classes, mobility and bodywork, focusing on movement. The organization also plans to host diving competitions, tournaments, and meets and host training camps and seminars. These activities are being and will continue to be offered in a fun, positive, supportive, manner and will include sports psychology with goal achievement strategies and general education on self-care and well-being of the athletes. All of the organization's time is devoted to these activities which are funded through donations and fees.in addition, the organization plans to create a coach mentorship program with experienced divers. The program will give those divers additional opportunities to stay involved in the sport, with coaching-specific education, and will provide support to the novice or less-experienced athletes.in addition to providing reduced fees for those in need, the organization plans to assist with transportation to pools and meets, funding for coaches, and costs to compete, for families that cannot afford those expenses. The organization does not turn anyone away because they cannot afford to participate. The organization also intends to offer free learn-to-dive days in conjunction with a USA diving initiative in order to expand access to the sport of diving.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 99.1%; rating input score 99
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -8%; rating input score 21; 21st percentile among comparable filings
• Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 0.3%; rating input score 35; 35th percentile among comparable filings

Growth

• Program expense growth: -1.6% per year; rating input score 0; 23rd percentile among comparable filings
• Revenue growth: 17.9% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: -11.2% per year; rating input score 0; 5th percentile among comparable filings