Diveheart Foundation EIN 36-4446147 Form 990 (PDF) Claim this org

Diveheart Foundation

Not yet claimed Claim this org →

Offers scuba diving and snorkeling for people with disabilities, aiding rehabilitation and development. For fiscal year 2024 it reported $592K in revenue, $513K in expenses, and $1.6M in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Downers Grove, IL
Filings
2 on file (2020–2024)
Revenue
$592KFY2024
Expenses
$513K
Net assets
$1.6M
People
12
Filings
2
Updates
0
More identity details & actions ⌄
EIN  36-4446147 Public charity (501(c)(3)) Downers Grove, IL
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Diveheart Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Offers scuba diving and snorkeling for people with disabilities, aiding rehabilitation and development.
Leadership
Tinamarie Hernandez · Executive Director · $81K
Money in and out
$592K revenue, $513K expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$592K
Pt VIII · Ln 12
Total expenses
$513K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $78K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.25 Fundraising $0.03
Program efficiency
72%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
34.9mo
months of highly liquid reserves at operating expense rate▲ +36% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▼ -55% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$592K
FY2024▼ -19%
Expenses
$513K
FY2024-0.4%
Total assets
$1.6M
FY2024▲ +23%
Total liabilities
$46K
FY2024▲ +85%
Total revenue
$592K
Pt VIII · Ln 12
Total expenses
$513K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDiveheart Foundation
EINHdr · item D36-4446147
Principal addressHdr · item CDowners Grove, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F99)
Ruling yearIRS BMFOct 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$80,550Pt VII · Sec A
Office Manager
$21,790Pt VII · Sec A
Social Media & Marketing
$20,800Pt VII · Sec A
Director of Education & Training
$4,593Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Tinamarie Hernandez’s $81K as Executive Director is at the 70th percentile of top reported officer pay among 2082 $100K–1M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2020
Tinamarie Hernandez$80,550$36,000
Rachel Crane$4,593$25,216
Denise Brown$21,790$17,558
Jessica Collins$20,800
Sarah Wilhelmina Stanton$1,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Diveheart Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $370K of program spending, described in the organization's own filed words · FY2024.
01

Diveheart conducts adaptive buddy and instructor training programs and facilities adaptive scuba programs around the world so adaptive dive teams can serve indigenous people in their communities who have disabilities. Diveheart conducts trips around the world for individuals to experience open water scuba diving.

$143Kprogram expense
02

Diveheart provides education and outreach programs supporting aquatic activities for individuals with disabilities.

$114Kprogram expense
03

Diveheart provides diving experiences for individuals through planned trips.

$113Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$442K · 75%
Program service revenue$88K · 15%
Investment income$61K · 10%
Contributions & grants75%$442K
Program service revenue15%$88K
Investment income10%$61K
Total revenueLn 12$592K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.25 Fundraising $0.03
Program services72%$370K
Management & general25%$130K
Fundraising3%$13K
Total functional expensesLn 25$513K

Balance Sheet

Part X · end of year
CashLn 1$342K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$46K
Total net assetsLn 32$1.6M
Months of cash on handcomputed8.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $513K
34.9 months
Where the money goes
Program services
Program services $370K · Total expenses $513K
72%
Management & General
Management & general $130K · Total expenses $513K
25%
Fundraising
Fundraising $13K · Total expenses $513K
3%
Cost to raise $1
Fundraising expense $13K · Solicited contributions $442K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $442K · Total revenue $592K
75%
Government reliance
Government grants — · Total revenue $592K
Earned-income share
Program service revenue $88K · Total revenue $592K
15%
Investment reliance
Investment income $61K · Total revenue $592K
+10%
Program self-sufficiency
Program service revenue $88K · Total expenses $513K
17%
Growth & trend
Revenue growth (YoY)
This year $592K · Prior year $732K
-19%
Revenue CAGR
FY2020 $732K · FY2024 $592K
-5%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $592K · Expenses $513K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.6M · Total assets $1.6M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
72%
People & payroll
Highest Reported Total Compensation
Individual Tinamarie Hernandez · Reported title Executive Director · Highest reported compensation $81K · Total expenses $513K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $138K · Total expenses $513K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 25%
Fundraising cost ratio 3%
Revenue growth -19%
Investment management fee ratio 0.5%
Accounting fee ratio 12%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$104K
See all 4 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Diveheart Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$592K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022not on file
FY2021not on file
FY2020$732K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.