FLOAT RESEARCH COLLECTIVE

EIN: 873445071 501(c)(3) Medical Research

KIHEI, HI

Total Revenue
$192,574
Total Expenses
$137,901
Total Assets
$311,433
Net Assets
$308,314
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
HI
Principal Officer
JUSTIN FEINSTEIN
Phone
8087270341
Tax Period
2025-01-01 to 2025-12-31

FLOAT RESEARCH COLLECTIVE, founded in 2021, is a small nonprofit in the Medical Research sector that reported $193K in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $55K, a strong 28% operating margin.

Mission

ESTABLISH WORLDWIDE ACCEPTANCE FOR FLOATATION-REST (REDUCED ENVIRONMENTAL STIMULATION THERAPY) AS A TREATMENT TO NATURALLY RELIEVE PAIN, STRESS, ANXIETY AND OTHER RELATED CONDITIONS.

Program Service Accomplishments

Program 1
Expenses: $70,883 Revenue: $0

PROJECT ARCTURUS - CREATE A CLOUD BASED SYSTEM FOR COMMERCIAL FLOAT CENTERS TO CONNECT THEIR FREQUENT FLOATERS/MEMBERS TO REPORT INFORMATION SUCH AS HOW OFTEN THEY FLOAT, WHY THEY FLOAT, AND WHAT...

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PROJECT ARCTURUS - CREATE A CLOUD BASED SYSTEM FOR COMMERCIAL FLOAT CENTERS TO CONNECT THEIR FREQUENT FLOATERS/MEMBERS TO REPORT INFORMATION SUCH AS HOW OFTEN THEY FLOAT, WHY THEY FLOAT, AND WHAT BENEFITS THEY RECEIVE FROM FLOATING. THIS WILL BE A GLOBAL STUDY AND THE PLAN IS TO OFFICIALLY PUBLISH THE RESULTS WHEN COMPLETED. 2025 HAS BEEN AN EXECUTION YEAR GETTING THE SOFTWARE SETUP TO BE ABLE TO ROLL OUT THE PROJECT TO FLOAT CENTERS IN 2026.

Program 2
Expenses: $59,494 Revenue: $0

MAUI CALM PROJECT - MAUI IS IN THE MIDST OF A MASSIVE MENTAL HEALTH CRISIS DUE TO THE HORRIFIC TRAUMA FROM THE FIRES. THE MAUI CALM PROJECT HAS BEEN SET UP TO PROVIDE A NEW TYPE OF DISASTER RELIEF, A...

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MAUI CALM PROJECT - MAUI IS IN THE MIDST OF A MASSIVE MENTAL HEALTH CRISIS DUE TO THE HORRIFIC TRAUMA FROM THE FIRES. THE MAUI CALM PROJECT HAS BEEN SET UP TO PROVIDE A NEW TYPE OF DISASTER RELIEF, A PURPOSE BUILT CENTER TO OFFER FREE CLINICAL FLOAT THERAPY FOR ANYONE ON MAUI WHO IS SUFFERING FROM THE TRAUMA OF THE FIRES. CLINICAL FLOAT THERAPY IS A SAFE AND NON-INVASIVE TREATMENT THAT HAS BEEN SHOWN TO HELP PEOPLE WITH TRAUMA, ANXIETY AND PTSD. BUILT INTO SHIPPING CONTAINERS, THESE FLOAT CENTERS CAN BE RAPIDLY DEPLOYED TO MAUI AND PLACED NEAR LAHAINA IN ORDER TO MAKE THE THERAPY AS ACCESSIBLE AS POSSIBLE TO EVERYONE WHO HAS BEEN TRAUMATIZED.WE RECEIVED APPROVAL FROM HAWAII COMMUNITY FOUNDATION FOR A $238K GRANT IN 2024 TO BE PAID IN TWO INSTALLMENTS IN 2025. WE ADDITIONALLY RAISED THE FUNDS REQUIRED BY THE TERMS OF THIS GRANT TO UNLOCK THE FIRST PAYMENT. THESE ADDITIONAL FUNDS WERE TO ALLOW MANUFACTURING TO COMMENCE ON A 3 ROOM FLOAT CENTER IN A 40 FOOT SHIPPING CONTAINER. THIS WILL THEN BE SHIPPED TO MAUI AND SETUP ON THE GROUND IN LAHAINA NEAR WHERE THE FIRES OCCURRED. THE GRANT WILL FUND THE FIRST FULL YEAR OF OPERATIONS TO ALLOW ALL FIRST RESPONDERS AND FIRE SURVIVORS (OR ANYONE AFFECTED BY THE FIRES) TO FLOAT FOR FREE. THIS IS CALLED THE MAUI CALM PROJECT - WWW.MAUICALM.ORG. THE FIRST HALF WAS RECEIVED IN 2025, WE ARE STILL AWAITING THE COMPLETION AND SHIPPING OF THE FLOAT CONTAINER FROM THE UK TO MAUI AS OF EARLY 2026.

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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 (2025)

Revenue Breakdown

Contributions & Grants $192,574
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $192,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,381
Fundraising Expenses $3,255
Program Expenses $130,377
Other Expenses $46,520
TOTAL EXPENSES $137,901

Year-over-Year Comparison

2025 2024 Change
Revenue $192,574 $240,109 -0.2%
Expenses $137,901 $24,502 +4.6%
Net Income $54,673 $215,607 -0.7%
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
8
Independent Members
7
Employees
2
Volunteers
12

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
3
$83,885
Total Directors
8
$66,638
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN FEINSTEIN PRESIDENT 40.00
Officer Director
$66,638 $0 $66,638
ANDY LARSON TREASURER 4.00
Officer Director
$0 $0 $0
SAHIB KHALSA DIRECTOR 2.00
Director
$0 $0 $0
THOMAS FINE DIRECTOR 2.00
Director
$0 $0 $0
COLIN STANWELL-SMITH DIRECTOR 2.00
Director
$0 $0 $0
DYLAN CALM DIRECTOR 2.00
Director
$0 $0 $0
SANDRA CALM DIRECTOR 2.00
Director
$0 $0 $0
ANTIONETTA BASILE DIRECTOR 2.00
Director
$0 $0 $0
BROOKE FEINSTEIN SECRETARY 8.00
Officer
$17,247 $0 $17,247
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 $192,574 $137,901 $311,433 $54,673
2024 No data No data No data No data
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