Project Deep Inc
Nonprofit profile at a glance
- EIN
- 042733972
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Wilbraham, MA, USA
- Phone
- 4135365910
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $151,120
- Expenses
- $130,171
- Assets
- $55,424
- Liabilities
- $4,303
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- DAY DEGENZA (PRESIDENT AND DIRECTOR)
People named in this filing
- DAY DEGENZA (PRESIDENT AND DIRECTOR)
- JASON COOK (TREASURER AND CLERK AND DIRECTOR)
- JEFF MENARD (DIRECTOR)
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
Education and instruction of scuba diving, marine photography and marine science.
What it reported doing in 2025
Education and instruction of scuba diving, marine photography and marine science
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.7%; rating input score 78
- Program expense ratio: 90.1%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 13.9%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 10.6%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 1.5% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 77.7% of revenue deployed · 90.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $117K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 4 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- High — Sustainability: Officer compensation ratio scored 21/100.