Combat Diver Foundation FY2023 filing

Tax-deductible

St Petersburg, FL501(c)(3)Arts & CultureEIN 82-4473177

The mission of the Combat Diver Foundation is to preserve the history of the Combat Diver community.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$14K 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

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $11K a year · 28% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$14K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
+45% vs prior year
Spent
$71K
To programs
64%
Net assets
$31K
By yearFY2020–FY2025
Revenue
$48K
FY2023▲ +45%
Revenue by fiscal year
FY2020$43K
FY2021$55K
FY2022$33K
FY2023$48K
FY2024$42K
FY2025$25K
Expenses
$71K
FY2023▲ +83%
Expenses by fiscal year
FY2020$13K
FY2021$13K
FY2022$39K
FY2023$71K
FY2024$26K
FY2025$15K
Net assets
$31K
FY2023▼ -42%
Net assets by fiscal year
FY2020$18K
FY2021$60K
FY2022$54K
FY2023$31K
FY2024$43K
FY2025$38K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CCombat Diver Foundation
EINHdr · item D82-4473177
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2018
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSt Petersburg, FL
NTEE classificationIRS BMFArts & Culture (A54)
WebsiteHdr · item Jcombatdiver.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$46K
Management & general36%$25K
Total functional expensesLn 25$71K

Financial health

Is it on solid ground?

Program efficiency
64%
of spending reaches programs
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-48%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$38K
FY2023▼ -37%
Total assets by fiscal year
FY2020$24K
FY2021$66K
FY2022$61K
FY2023$38K
FY2024$50K
FY2025$39K
Total liabilities
$7K
FY2023▲ +6%
Total liabilities by fiscal year
FY2020$6K
FY2021$6K
FY2022$7K
FY2023$7K
FY2024$7K
FY2025$1K
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$38K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$38K
Total liabilitiesLn 26$7K
Total net assetsLn 32$31K
Months of cash on handcomputed3.4

Statement of Revenue

Part VIII
Contributions & grants$25K · 51%
Other revenue$23K · 49%
Contributions & grants51%$25K
Other revenue49%$23K
Total revenueLn 12$48K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses (Pt IX) $71K · Less non-cash grants $17K · Cash operating expenses/yr $54K
4.5 months
Where the money goes
Program services
Program services $46K · Total expenses $71K
64%
Management & General
Management & general $25K · Total expenses $71K
36%
Fundraising
Fundraising $0 · Total expenses $71K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $367 · Solicited contributions (3-yr avg) $19K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $48K
51%
Government reliance
Government grants — · Total revenue $48K
—
Earned-income share
Program service revenue $0 · Total revenue $48K
0%
Investment reliance
Investment income $0 · Total revenue $48K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $71K
0%
Growth & trend
Revenue growth (YoY)
This year $48K · Prior year $33K
+45%
Net-asset trend (YoY)
End of year $31K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $48K · Expenses $71K
-48%
Liabilities-to-Assets
Total liabilities — · Total assets $38K
—
Net-asset ratio
Net assets $31K · Total assets $38K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $38K
0%
People & payroll
Highest Reported Total Compensation
Individual Lino Miani · Reported title President · Highest reported compensation $8K · Total expenses $71K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $71K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 36%——
Fundraising cost ratio 0%——
Revenue growth 45%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$8,400Pt VII · Sec A
Executive V.p.
$6,000Pt VII · Sec A

Lino Miani’s $2K as President is at the 13th percentile of top reported officer pay among 250 <$100K arts & culture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Lino Miani$2,100$8,400$8,400
Stephen Cain$1,500$6,000$6,000

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 Combat Diver Foundation executive salaries →

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Governance & Policies

Part VI
  • 2Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Preserves the history of the Combat Diver community.

Provided by the organization

This section is blank until Combat Diver Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $46K of program spending, described in the organization's own filed words · FY2023.
01

Membership Program

200 members in 10 countries and 40 US States from all branches of service and even non-military members.

$46Kprogram expense

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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 · FY2023
Total grants receivedfrom 2 funders$10K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $25K$15K-40% 990 PDF
FY2024 $42K$26K-13% 990 PDF
FY2023 Viewing $48K$71K+45% 990 PDF
FY2022 $33K$39K-40% 990 PDF
FY2021 $55K$13K+29% 990 PDF
FY2020 $43K$13K 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

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $70,969 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $21,800$21,800
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,999$1,999
IX-13 Office expensesManagement $98$98
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $14,325$14,325
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $26,608$26,608
IX-20 InterestManagement $411$411
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $2,587 · Management $3,141$5,728
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $45,519 · Management $25,450 · Fundraising $0$70,969

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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