FLORIDA KEYS HISTORY OF DIVING MUSEUM INC

EIN: 651037158 501(c)(3) Arts, Culture & Humanities

ISLAMORADA, FL

Total Revenue
$946,529
Total Expenses
$466,920
Total Assets
$5,431,410
Net Assets
$5,421,639
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
FL
Principal Officer
DR SALLY E BAUER
Phone
3056649737
Tax Period
2024-10-01 to 2025-09-30

FLORIDA KEYS HISTORY OF DIVING MUSEUM INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $947K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $480K, a strong 51% operating margin.

Mission

THE FLORIDA KEYS HISTORY OF DIVING MUSEUM IS DEDICATED TO COLLECTING, PRESERVING, DISPLAYING AND INTERPRETING ARTIFACTS, ANTIQUES, BOOKS, DOCUMENTS, PHOTOGRAPHS AND ORAL HISTORY RELATIVE TO THE HISTORY OF DIVING. WE TELL THE INTERNATIONAL STORY OF THE ATTEMPTS TO EXPLORE, UNDERSTAND AND VENTURE UNDER THE SEA. WE ALSO CELEBRATE THE SPECIAL ROLE THAT SOUTH FLORIDA AND THE FLORIDA KEYS PLAYED IN THIS UNTOLD STORY.

Program Service Accomplishments

Program 1
Expenses: $246,989 Revenue: $301,259

MUSEUM EXHIBITS - WELCOMED 20,676 VISITORS FROM 77 COUNTRIES AND ALL 50 STATES TO EXPERIENCE MUSEUM EXHIBITS SHOWCASING MORE THAN 5,000 YEARS OF DIVING HISTORY, INCLUDING INTERACTIVE AND HANDS-ON...

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MUSEUM EXHIBITS - WELCOMED 20,676 VISITORS FROM 77 COUNTRIES AND ALL 50 STATES TO EXPERIENCE MUSEUM EXHIBITS SHOWCASING MORE THAN 5,000 YEARS OF DIVING HISTORY, INCLUDING INTERACTIVE AND HANDS-ON EXHIBITS, AUDIO/VISUAL PRESENTATIONS, A SALT WATER AQUARIUM, THE WORLD'S LARGEST DISPLAY OF DIVING EQUIPMENT, AND SHIPWRECK TREASURE WITH A SPECIAL TRIBUTE TO THE UNIQUE CONTRIBUTIONS SOUTH FLORIDA MADE TO DIVING HISTORY. THE DIVING HISTORY RESEARCH LIBRARY, OPENED IN FEBRUARY 2012, IS USED AS A COMPLIMENTARY MEETING ROOM VENUE FOR NONPROFIT ORGANIZATIONS WITH SIMILAR MISSIONS.

Program 2
Expenses: $138,630

EDUCATION - PROVIDED MONTHLY LECTURES, GUIDED TOURS, AND HOSTED SPECIAL EVENTS BY AUTHORITIES ON SUBJECTS RELATED TO MAN'S ATTEMPTS TO EXPLORE, UNDERSTAND AND VENTURE UNDER THE SEA. OVER 1,500 PEOPLE...

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EDUCATION - PROVIDED MONTHLY LECTURES, GUIDED TOURS, AND HOSTED SPECIAL EVENTS BY AUTHORITIES ON SUBJECTS RELATED TO MAN'S ATTEMPTS TO EXPLORE, UNDERSTAND AND VENTURE UNDER THE SEA. OVER 1,500 PEOPLE ATTENDED THESE FREE PRESENTATIONS, IN-PERSON OR VIRTUALLY. PROVIDED EDUCATIONAL PROGRAMS FOR SEVERAL COMMUNITY AND DIVING-RELATED GROUPS AND FOR SCHOOL CHILDREN. SERVED AS AN INTERNATIONAL RESOURCE FOR INFORMATION ON DIVING HISTORY AND VINTAGE EQUIPMENT.

Program 3
Expenses: $24,399

MUSEUM SERVICES - GAVE FREE ADMISSION TO ACTIVE MILITARY AND INJURED VETERANS' GROUPS YEAR ROUND. IN ADDITION THE MUSEUM PARTICIPATED IN THE BLUE STAR PROGRAM FROM ARMED FORCES DAY TO LABOR DAY TO...

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MUSEUM SERVICES - GAVE FREE ADMISSION TO ACTIVE MILITARY AND INJURED VETERANS' GROUPS YEAR ROUND. IN ADDITION THE MUSEUM PARTICIPATED IN THE BLUE STAR PROGRAM FROM ARMED FORCES DAY TO LABOR DAY TO PROVIDE FREE ADMISSION TO ACTIVE MILITARY AND THEIR FAMILIES BENEFITING CLOSE TO 653 INDIVIDUALS. OVER 1,020 VETERANS AND 3,145 SENIORS BENEFITED BY RECEIVING A REDUCED ADMISSION PRICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $288,168
Program Service Revenue $247,820
Investment Income $357,102
Other Revenue $53,439
TOTAL REVENUE $946,529

Expense Breakdown

Grants Paid $0
Salaries & Benefits $270,553
Fundraising Expenses $0
Program Expenses $410,018
Other Expenses $196,367
TOTAL EXPENSES $466,920

Year-over-Year Comparison

2024 2023 Change
Revenue $946,529 $788,719 +0.2%
Expenses $466,920 $470,578 0.0%
Net Income $479,609 $318,141 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
8
Volunteers
68

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$90,713
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR SALLY E BAUER PRESIDENT 21.00
Officer Director
$0 $0 $0
ROBERT W MURRAY SECRETARY 2.40
Officer Director
$0 $0 $0
MARY EILEEN VITALE TREASURER 5.00
Officer Director
$0 $0 $0
CHRISTOPHER DUTTON CHAIRMAN 3.50
Officer Director
$0 $0 $0
MARK ALEXANDER DIRECTOR 2.00
Director
$0 $0 $0
ERIK DENSON DIRECTOR 1.10
Director
$0 $0 $0
BARBARA DRAVES DIRECTOR 1.00
Director
$0 $0 $0
JON HAZELBAKER DIRECTOR 6.00
Director
$0 $0 $0
KRISTIN MISSO DIRECTOR 1.00
Director
$0 $0 $0
PATTI GROSS DIRECTOR THRU 12/31/2024 3.00
Director
$0 $0 $0
LISA MONGELIA EXECUTIVE DIRECTOR 40.00
Officer
$90,713 $0 $90,713
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $946,529 $466,920 $5,431,410 $479,609
2024 $788,719 $470,578 $4,941,977 $318,141
2023 $745,342 $447,438 $4,621,384 $297,904
2022 $811,697 $404,040 $4,315,497 $407,657
2021 $689,885 $354,230 $3,948,850 $335,655
2020 $455,084 $339,596 $3,615,590 $115,488
2019 $665,785 $475,126 $3,464,219 $190,659
2018 $429,179 $378,392 $3,266,044 $50,787
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