Thresher Aquatics INC

Tax-deductible

Lantana, FL501(c)(3)Recreation & SportsEIN 81-0960665Revenue $228K in FY2022

On file with the IRSthresheraquatics.org613b N 5th St, 33462-1715 · Lantana, FLTax-exempt since Nov 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Thresher Aquatics is an organization that offers life-changing experiences for adaptive SCUBA divers and their families. We provide a modern and integrative approach combining travel, adaptive SCUBA diving, and other inclusive activities. The goal is to connect people with a shared passion for conserving, protecting, and exploring the world's oceans. Thresher Aquatics welcomes certified and non-certified individuals of all abilities to share in the joy of underwater exploration. Our mission is to serve individuals living with disabilities, fostering relationships through adaptive diving experiences. We prioritize building connections within our Thresher family, which is united by a shared passion for SCUBA diving. We believe in the power of small acts of kindness to create positive ripples across their undersea community. SCUBA diving and snorkeling are avenues to forge lasting connections and create cherished memories for everyone involved in the Thresher experiences.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 38% of spending
Top officer’s pay lower than 61% of similar orgs
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $20K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$228K
+90% vs prior year
Spent
$226K
To programs
55%
Net assets
$32K
By yearFY2021–FY2022
Revenue
$228K
FY2022▲ +90%
Tap a bar for its year
Revenue by fiscal year
FY2021$120K
FY2022$228K
Net assets
$32K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2021$35K
FY2022$32K

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Nov 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $125K Management & general 45% · $101K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation
$24,000Pt VII · Sec A
President
$24,000Pt VII · Sec A
$18,000Pt VII · Sec A
$12,000Pt VII · Sec A
$8,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sarah Stanton’s $24K as President is at the 39th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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 · 7 named individuals · Part VII

NameFY2022FY2021
Sarah Stanton$24,000—
Bradley Gagas$24,000—
Rose Steffen$18,000$6,800
Kristina Graham$12,000—
Aria Cross$8,000—
Brad Gagas—$6,800
Sarah W Stanton—$6,800

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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers adaptive SCUBA diving and inclusive activities for people with disabilities and their families.

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Provided by the organization

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3 programs · $111K · in their own filed words · FY2022
01

We hosted three Adaptive dive trips to Bimini, which included diving and accommodations for the participants and volunteers. The trips were 5 days and 4 nights with 3 days of diving. A total of 15 participants and 57 volunteers over the three trips

$68Kprogram expense
02

We hosted three Adaptive Dive trips to Key Largo, which included accommodations, diving, and food for participants and volunteers. These trips were 3-4 days long with 2 days of diving on each trip

$29Kprogram expense
03

Local Dive trips throughout the year. We offered 12 trips this year with 4 participants per trip and 14 volunteers.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Gifts and grantsLn 1h$228K
Money outPt IX
$226K
Ln 25
Programscol B$125K
Managementcol C$101K
Owns and owesPt X
$32K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$32K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Government grantsLn 1e$0
Fundraising eventsLn 1c$0
Gains on assetsLn 7$0
Total revenueLn 12$228K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$0
Cash and savings togetherLn 1–2$32K
Total assetsLn 16$32K
LiabilitiesLn 26$0
Net assetsLn 32$32K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$35K$32K
Total assetsLn 16$35K$32K
LiabilitiesLn 26$0$0
Net assetsLn 32$35K$32K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$83K$83K
Pay of disqualified personsLn 6$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$18K$18K
Other fees for servicesLn 11g$21K$21K
OccupancyLn 16$10K$10K
Travel and entertainment for public officialsLn 18$0$0
InsuranceLn 23$7K$7K
All other expensesLn 24e$87K$87K
Total functional expensesLn 25$226K$125K$101K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $228K$226K$2K$32K 990 PDF
FY2021 $120K$35K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $227,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,000$227,827
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,000$227,827
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$100,988
I-16a Professional fundraising fees$0
I-17 Other expenses$125,122
I-18 Total expensesPrior year $0$226,110
I-19 Revenue less expensesPrior year $12,000$1,717
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $227,827 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$227,827
VIII-1h Total contributions, gifts and grants$227,827
VIII-3 Investment incomeExcluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$227,827
Part IX · Statement of functional expenses $226,110 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffManagement $83,098$83,098
IX-6 Pay of disqualified personsPrograms $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0$0
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesManagement $17,890$17,890
IX-11g Other fees for servicesPrograms $21,330$21,330
IX-16 OccupancyPrograms $9,900$9,900
IX-18 Travel and entertainment for public officialsPrograms $0$0
IX-23 InsurancePrograms $6,647$6,647
IX-24e All other expensesPrograms $87,245$87,245
IX-25 Total functional expensesPrograms $125,122 · Management $100,988 · Fundraising $0$226,110
Part X · Balance sheet $32,166 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $35,449$32,166
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-16 Total assetsStart of year $35,449$32,166
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $35,449$32,166
X-32 Total net assets or fund balancesStart of year $35,449$32,166
X-33 Total liabilities and net assetsStart of year $35,449$32,166
Part XI · Reconciliation of net assets $32,166 net assets at year end
XI-1 Total revenue$227,827
XI-2 Total expenses$226,110
XI-3 Revenue less expenses$1,717
XI-4 Net assets at start of year$35,449
XI-10 Net assets at end of year$32,166

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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