Nonprofit · EIN 52-1652248
FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC
Also known as International Submarine Races
Tax-exempt · ARLINGTON, VA 22204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $6,000 | $6,812 | -$812 | $48,300 | – | $48,300 |
| December 31, 2023 | 990-EZ | $50,180 | $69,474 | -$19,294 | $49,111 | – | $49,111 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,000
Expenses
- Grants and similar amounts paid
- $2,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $868
- Printing, publications and postage
- $361
- Other expenses
- $3,583
Balance sheet and other
- Total assets, start of year
- $49,111
- Total assets, end of year
- $48,300
- Total liabilities, end of year
- –
- Net assets, end of year
- $48,300
- Cash, savings and investments
- $48,300
- Gross receipts
- $6,000
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vincent Malkoski | Chairman President | 8 | $0 |
| Pamela E Corry | Treasurer | 8 | $0 |
| Dave Peterson | Secretary | 8 | $0 |
| Serena Padilla | Director Vice President | 8 | $0 |
| Eric Padilla | Director | 4 | $0 |
| Eric Brege | Director | 4 | $0 |
| William J Marr | Director | 4 | $0 |
| Kristina Haller-Corkum | Director | 4 | $0 |
| Christopher Pietras | Director | 4 | $0 |
| Justin Chase | Director | 4 | $0 |
990-EZ for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vincent Malkoski | Chairman President | 8 | $0 |
| Eric Jones | Vice Chairman | 8 | $0 |
| Pamela E Corry | Treasurer | 8 | $0 |
| Dave Peterson | Secretary | 8 | $0 |
| Serena Padilla | Director Vice President | 8 | $0 |
| Eric Padilla | Director | 4 | $0 |
| Eric Brege | Director | 4 | $0 |
| William J Marr | Director | 4 | $0 |
| Kristina Haller-Corkum | Director | 4 | $0 |
| Christopher Pietras | Director | 4 | $0 |
| Justin Chase | Director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 40156, ARLINGTON, VA 22204-7156
- In care of
- % CLAUDE BRANCART
- Mailing address (990-N for 2012)
- 18 Juniper Road, Brunswick ME 040113418
- Principal officer (990-N for 2012)
- Nancy Hussey, 3031 Baltimore Street, Cjarleston SC 29492
- Signed the 990-EZ
- Pam Corry, Treasurer
- Return prepared by
- Myerson & Myerson LLC
Mission
Advancing marine tech and ocean engineering by investing in todays youth
Program accomplishments
- FURE conducted the 17th biennial Intl Submarine Races in 2023. University students, individuals are required to design, construct race a person powered submarine. The ISR is a STEM event for young people around the world.
- 1 scholarship to Liam Vincent Oregon State University 2,000grants $2,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 52-1652248
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $48,300
- Income (IRS master file)
- $6,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $6,000 | $6,812 | $48,300 | IRS |
| 990-EZ | December 2023 | $50,180 | $69,474 | $49,111 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Nancy Hussey | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1652248).
Questions about FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC
- What is the EIN of FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC?
- The employer identification number (EIN) of FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC is 52-1652248.
- Is FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC?
- The 990-N for 2012 names Nancy Hussey.
- Who are the officers and directors of FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR UNDERWATER RESEARCH AND EDUCATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $6,000, expenses of $6,812 and total assets of $48,300 at year end.
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