Civic Intelligence

Under Sea Adventurers Inc

EIN 65-0139609 • 501(c)7 • Lighthouse Point, FL

Profile

Scuba Diving club: Overseas diving, Local Diving, Monthly informational and/or educational meetings, occasional social event

4011 NE 24 AveLighthouse Point, FL 33064-8025

usadiveclub.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.42x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

82nd percentile

0.16x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Net Margin

45th percentile

0.6%

Higher net margin than 45% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2025

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

19th percentile

-23%

Faster revenue growth than 19% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$84,998

Down $47,274 (-36%) from 2023

Liabilities

Down

$46,328

Down $47,389 (-51%) from 2023

Net Assets

Up

$38,670

Up $115 (+0.3%) from 2023

Revenue

Down

$227,411

Down $106,169 (-32%) from 2023

Expenses

Down

$227,296

Down $99,745 (-30%) from 2023

Net Income

Down

$115

Down $6,424 (-98%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2011: $42,745Liabilities 2011: $15,7372011Assets 2012: $39,247Liabilities 2012: $10,5182012Assets 2013: $46,111Liabilities 2013: $8,8342013Assets 2014: $12,569Liabilities 2014: -$12,3882014Assets 2015: $26,401Liabilities 2015: $10,8942015Assets 2016: $39,120Liabilities 2016: $21,4002016Assets 2017: $36,339Liabilities 2017: $13,1052017Assets 2018: $109,334Liabilities 2018: $83,3912018Assets 2019: $94,091Liabilities 2019: $65,3522019Assets 2020: $114,199Liabilities 2020: $83,4512020Assets 2021: $185,693Liabilities 2021: $154,541Net Assets 2021: $31,1522021Assets 2022: $254,517Liabilities 2022: $222,501Net Assets 2022: $32,0162022Assets 2023: $132,272Liabilities 2023: $93,717Net Assets 2023: $38,5552023Assets 2024: $84,998Liabilities 2024: $46,328Net Assets 2024: $38,6702024

Highlighted filing

2024

Assets$84,998
Liabilities$46,328
Net Assets$38,670

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $153,447Expenses 2011: $152,914Net Income 2011: $5332011Revenue 2012: $143,789Expenses 2012: $142,068Net Income 2012: $1,7212012Revenue 2013: $142,494Expenses 2013: $133,946Net Income 2013: $8,5482013Revenue 2014: $128,727Expenses 2014: $141,047Net Income 2014: -$12,3202014Revenue 2015: $182,757Expenses 2015: $192,207Net Income 2015: -$9,4502015Revenue 2016: $141,299Expenses 2016: $139,086Net Income 2016: $2,2132016Revenue 2017: $139,057Expenses 2017: $156,250Net Income 2017: -$17,1932017Revenue 2018: $97,885Expenses 2018: $108,930Net Income 2018: -$11,0452018Revenue 2019: $67,921Expenses 2019: $145,049Net Income 2019: -$77,1282019Revenue 2020: $89,510Expenses 2020: $87,501Net Income 2020: $2,0092020Revenue 2021: $147,045Expenses 2021: $146,641Net Income 2021: $4042021Revenue 2022: $241,434Expenses 2022: $240,569Net Income 2022: $8652022Revenue 2023: $333,580Expenses 2023: $327,041Net Income 2023: $6,5392023Revenue 2024: $227,411Expenses 2024: $227,296Net Income 2024: $1152024

Highlighted filing

2024

Revenue$227,411
Expenses$227,296
Net Income$115

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.46$0.39$2.27$2.27$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.32$0.94$0.39$3.34$3.27$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.55$2.23$0.32$2.41$2.41$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.86$1.55$0.31$1.47$1.47$0.00
2020Summary only. Only limited summary data is available for this year.$1.14$0.83$0.90$0.88$0.02
2019Summary only. Only limited summary data is available for this year.$0.94$0.65$0.68$1.45$0.77
2018Summary only. Only limited summary data is available for this year.$1.09$0.83$0.98$1.09$0.11
2017Summary only. Only limited summary data is available for this year.$0.36$0.13$1.39$1.56$0.17
2016Summary only. Only limited summary data is available for this year.$0.39$0.21$1.41$1.39$0.02
2015Summary only. Only limited summary data is available for this year.$0.26$0.11$1.83$1.92$0.09
2014Summary only. Only limited summary data is available for this year.$0.13$0.12$1.29$1.41$0.12
2013Summary only. Only limited summary data is available for this year.$0.46$0.09$1.42$1.34$0.09
2012Summary only. Only limited summary data is available for this year.$0.39$0.11$1.44$1.42$0.02
2011Summary only. Only limited summary data is available for this year.$0.43$0.16$1.53$1.53$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 10, 2025
Return Version
2024v5.0
Gross Receipts
$227,411
Mission and Program Overview

Mission

Scuba Diving club: Overseas diving, Local Diving, Monthly informational and/or educational meetings, occasional social activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$85,911$70,408▼ $15,503
Rtn Earn Endowment Incm Other Fnds$38,555$38,670▲ $115
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$132,272$84,998▼ $47,274
Other Assets Total$46,361$14,590▼ $31,771
Liabilities
Other Liabilities$89,233$43,348▼ $45,885
Deferred Revenue$2,510$2,980▲ $470
Unsecured Notes Loans Payable$1,974$0▼ $1,974
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$93,717$46,328▼ $47,389
Net Assets / Fund Balance
Total Net Assets Fund Balance$38,555$38,670▲ $115
Total Liabilities and Net Assets / Fund Balance$132,272$84,998▼ $47,274

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$200--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris HardhamPresident
Amy WellmanSecretary
Veronica FarrTreasurer
Ryan GoheenVP Local Diving
Lureen FerrettuVP of Social Events
Nils JacobsenVP Overseas Diving
Rick DayanVP Program
Revenue and Support

Revenue Composition

Contributions and Grants
$3,835
Program Service Revenue
$222,479
Investment Income
$2
Other Revenue
$1,095
All Other Contributions
$0
Change in Net Assets
$115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$2,904
Other Expenses---$2,456
All Other Expenses---$1,291
Information Technology---$1,180
Interest---$82
Total Functional Expenses$0$0$0$227,296
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Prepayment for Phillipines$26,210
Member Prepayment Roatan$11,400
Member Prepayment LCBR$5,738
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Form 990, Part VI, Section A, Line 6 - The membership Count was 119 on 12/31/2024

Form 990, Part VI, Section A, Line 7A

Form 990, Part VI, Section A, Line 7a - At the annual election - an elected board of up to 7 Defined positions are chosen in a general election by all members. At the first annual meeting the board constitutes itself - by appointing a set of appointed positions - as necessary to perform duties. After being appointed these appointed officers have the same voting rights as the elected board

Form 990, Part VI, Section B, Line 11B

Form 990, Part VI, Section B, Line 11b - VP Overseas Travel (me - Nils) creates this filing and reviews it with the President (C Hardham) and the Treasurer (V Farr) that will sign this filing

Form 990, Part VI, Section C, Line 19

Form 990, Part VI, Section C, Line 19 - Bylaws are posted on https://usadiveclub.org/page-18118; other documents are not currently posted

Filing and Contact Details

Filer

Filer Name
Under Sea Adventurers Inc
EIN
65-0139609
Phone
9546057405
Address
4011 NE 24 Ave, Lighthouse Point, FL 33064-8025

Signing Officer

Name
Veronica Farr
Title
Treasurer
Phone
9542496797
Signed
2025-05-10

Organization Details

Principal Officer
Nils Jacobsen
Formed
1971
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Nils Jacobsen
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0BVI Trip
IRS990/ProgramServiceRevenueGrp/Desc1Solomon & PNG Trip
IRS990/ProgramServiceRevenueGrp/Desc2LCBR Trip
IRS990/ProgramServiceRevenueGrp/Desc3Local Diving
IRS990/ProgramServiceRevenueGrp/Desc4Christmas Party
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082225
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt177020
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250210
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38271
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177020
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250210
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41880
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Scuba Diving Trip to Solomon Islands and PNG, Tufi Resort (6 people)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt076414
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt077020
IRS990/ProgSrvcAccomActy3Grp/Desc0Scuba Diving Trip to Little Cayman Beach Resort (16 people)
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt049349
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt050210
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Local Diving (17 Trips)
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Christmas Party (41 peopl)
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Mini trip - Rainbow River &Scalloping (8 people)
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt08189
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt14590
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt22456
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt10
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt20
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt08271
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt11880
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt22497
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03924
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0327041
IRS990/PYOtherRevenueAmt01801
IRS990/PYProgramServiceRevenueAmt0327853
IRS990/PYRevenuesLessExpensesAmt06539
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0327041
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0333580
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0115
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt082225
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt038555
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt038670
IRS990/SavingsAndTempCashInvstGrp/BOYAmt085911
IRS990/SavingsAndTempCashInvstGrp/EOYAmt070408
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08740
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3200
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0payment for 2025 trip Philippines
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Payment for 2025 Trip - Roatan Aggressor
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Payment foe 2025 trip - LCBR
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Prepaid DEMA for 2025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Prepayment for Phillipines
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Prepayment Roatan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Member Prepayment LCBR
IRS990ScheduleD/TotalBookValueOtherAssetsAmt014590
IRS990ScheduleD/TotalLiabilityAmt043348
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section A, Line 6 - The membership Count was 119 on 12/31/2024
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section A, Line 7a - At the annual election - an elected board of up to 7 Defined positions are chosen in a general election by all members. At the first annual meeting the board constitutes itself - by appointing a set of appointed positions - as necessary to perform duties. After being appointed these appointed officers have the same voting rights as the elected board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Section B, Line 11b - VP Overseas Travel (me - Nils) creates this filing and reviews it with the President (C Hardham) and the Treasurer (V Farr) that will sign this filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Part VI, Section C, Line 19 - Bylaws are posted on https://usadiveclub.org/page-18118; other documents are not currently posted
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0132272
IRS990/TotalAssetsEOYAmt084998
IRS990/TotalAssetsGrp/BOYAmt0132272
IRS990/TotalAssetsGrp/EOYAmt084998
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03835
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227296
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093717
IRS990/TotalLiabilitiesEOYAmt046328

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