Float Research Collective

Nonprofit profile at a glance

EIN
873445071
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-N 2023
Location
Kihei, HI, USA
Phone
8087270341
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$192,574
Expenses
$137,901
Assets
$311,433
Liabilities
$3,119

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

Leadership & pay

9 people listed

Executive titles in this filing

  • JUSTIN FEINSTEIN (PRESIDENT)

Highest reported compensation

  • JUSTIN FEINSTEIN (PRESIDENT): $66,638 total reported compensation
  • BROOKE FEINSTEIN (SECRETARY): $17,247 total reported compensation

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

Overview

Mission

Establish worldwide acceptance for floatation-rest (reduced environmental stimulation therapy) as a treatment to naturally relieve pain, stress, anxiety and other related conditions.

What it reported doing in 2025

Maui calm project - maui is in the midst of a massive mental health crisis due to the horrific trauma from the fires. The maui calm project has been set up to provide a new type of disaster relief, a purpose built center to offer free clinical float therapy for anyone on maui who is suffering from the trauma of the fires. Clinical float therapy is a safe and non-invasive treatment that has been shown to help people with trauma, anxiety and ptsd. Built into shipping containers, these float centers can be rapidly deployed to maui and placed near lahaina in order to make the therapy as accessible as possible to everyone who has been traumatized.we received approval from Hawaii community foundation for a $238k grant in 2024 to be paid in two installments in 2025. We additionally raised the funds required by the terms of this grant to unlock the first payment. These additional funds were to allow manufacturing to commence on a 3 room float center in a 40 foot shipping container. This will then be shipped to maui and setup on the ground in lahaina near where the fires occurred. The grant will fund the first full year of operations to allow all first responders and fire survivors (or anyone affected by the fires) to float for free. This is called the maui calm project - www.mauicalm.org. The first half was received in 2025, we are still awaiting the completion and shipping of the float container from the uk to maui as of early 2026.

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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 55
  • Accountability: 70
  • Sustainability: 60
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.7%; rating input score 68
  • Program expense ratio: 94.5%; rating input score 95
  • Fundraising efficiency: $59.16 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 26th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28.4%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.26; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 60.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 147.4% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -22% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 19.8% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 67.7% of revenue deployed · 94.5% of spending went to programs
  • Governance: 7 of 8 board members independent · 4 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $130K in reported program spending
  • Leadership: top reported pay $67K · 9 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.