Fisheye Collaborative Inc

Nonprofit profile at a glance

EIN
932623905
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-N 2023
Location
Arlington, VA, USA
Phone
6075922418
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Biological & Life Sciences

Official website

Reported finances

Revenue
$650,358
Expenses
$406,735
Assets
$632,087
Liabilities
$1,621

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • DAN ARDIA (BOARD MEMBER)
  • DIJI BEHR (BOARD MEMBER)
  • JAMES BOYD (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The fisheye collaborative, inc. (the collaborative) is a Delaware nonprofit nonstock corporation formed on july 24, 2023, and is organized and shall at all times be operated exclusively for charitable, educational, or scientific purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended (the code). The collaboratives principal purposes include using emerging monitoring methods to both lead in and support charitable, scientific, and educational organizations of all sizes (regional fisheries, conservation ngos, government agencies, etc.) in managing sustainable fisheries, conserving marine biodiversity, and studying ocean life.

What it reported doing in 2025

Developing foundational acoustic technology - advanced both upac (fisheye) and pam (findrop) device technologies

Operating model

Revenue model
Donor-supported. 90% 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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 92
  • Accountability: 52
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.1%; rating input score 44
  • Program expense ratio: 70.5%; rating input score 70
  • Fundraising efficiency: $11.12 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 37.5%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 1.55; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 47.4% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 15.5% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 46.3% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 44.1% of revenue deployed · 70.5% of spending went to programs
  • Governance: 4 of 5 board members independent · 1 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $287K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.