Built to be transparent.
Public budgets. Documented governance. Verifiable spending. Annual Form 990 reporting. We chose the nonprofit structure precisely because it requires this level of accountability — and we lean into it.
Every policy. Signed. On file. Available on request.
We don't list these as a promise. We list them because they're already adopted by board resolution and in force from day one.
Filed with and approved by the State of Utah. Establishes Fathom Restoration as a Utah nonprofit corporation.
Full corporate governance framework. Signed by all three founding directors. Defines voting, officer authority, and procedure.
Annual disclosure from every director and officer. Recusal procedures for any directly or indirectly interested decision.
Protected reporting channels for financial misconduct, governance violations, or operational safety concerns without retaliation.
Seven-year retention schedule covering financial records, donor data, meeting minutes, and contracts — per IRS guidelines.
Founding board meeting minutes signed by all directors. Establishes officer election, signing authority, and banking authorization.
Our complete startup and operating budget.
Published in our IRS application and in every grant proposal we submit. No hidden line items, no inflated overhead — and as of June 2026, $0 of this is secured. We show the gap on purpose.
One-time capital purchase: vessels ($260K), dive equipment ($178K), trucks ($165K), ROV ($120K), hydraulic lift ($115K), HazMat containment ($88K), working capital reserve ($498K).
Recurring annual costs: full team payroll ($795K), fuel, insurance, certifications, compliance, equipment maintenance, ongoing training, and field operations.
Total revenue goal Year One — combined grants, donations, sponsorships. Secured to date: $0. Built with a 10% operating reserve in every projection.
What we commit to once operational.
As a recognized 501(c)(3) we file an annual IRS Form 990 (or 990-EZ depending on revenue). This document becomes public record on Candid (formerly GuideStar) and at the IRS website.
Each year we publish a stakeholder-facing annual report covering recoveries completed, contamination contained, financial summary, partner acknowledgments, and forward-year plan.
Quarterly updates against our published Year One impact goals — recoveries, contamination contained, water quality data, funds deployed, partnerships active.
Every recovery operation will be documented in a public incident report within 30 days — including water quality data, photos, and partner notifications.
Articles of Incorporation, Bylaws, governance policies, signed meeting minutes, operating budget, and grant pipeline. Email us with your name, role, and what you need.
Request DocumentsTransparent from day one.
The choice to operate as a nonprofit means accepting public accountability. We didn't take that on reluctantly — we did it because the work demands it.