Diverseafy
Nonprofit profile at a glance
- EIN
- 851360071
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Santa Monica, CA, USA
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $55,423
- Expenses
- $53,765
- Assets
- $25,873
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Maxwell Bracey (President)
People named in this filing
- Maxwell Bracey (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
DiverSeaFy raises funds to support and train underrepresented youth of color in underwater swimming and scuba to gain the skills needed to pass requirements for scuba certifications. We provide education on swim and scuba as well as ocean and enviromental issues. Our programs make the underwater world more accessible to these groups of youth who may not have had these type of opportunities otherwise.
What it reported doing in 2025
DiverSeaFy provided Swimming Lessons Scuba Classroom Trainings Scuba underwater pool trainings and Open Water Scuba Trainings to underrepresented students of color. Further provided education and skill enhancement training to prior graduates of the program from prior years to clean up the harbor and coasts in Southern California and had the student graduates participate in events with more experienced Divers in the Scuba community expanding these students horizons and knowledge of ocean conservation issues.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97%; rating input score 97
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 3%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 31.7%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 74.9% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 97% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $54K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 50/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Sustainability: Officer compensation ratio scored 6/100.