Nonprofit · EIN 81-4151205
UNDERSEA TECHNOLOGY INNOVATION CENTER
Tax-exempt · MIDDLETOWN, RI 02842
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,653,840 | $869,231 | $784,609 | $5,145,867 | $79,530 | $5,066,337 |
| December 31, 2024 | 990 | $1,424,053 | $709,884 | $714,169 | $4,115,174 | $62,578 | $4,052,596 |
| December 31, 2023 | 990 | $1,010,873 | $585,924 | $424,949 | $3,402,490 | $92,114 | $3,310,376 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,516,036
- Investment income
- $137,325
- Other revenue
- $479
Expenses
- Grants and similar amounts paid
- $65,000
- Compensation of officers, directors and key employees
- $227,441
- Other salaries and wages
- $68,752
- Salaries, compensation and benefits (total)
- $325,277
- Professional fundraising fees
- $0
- Accounting fees
- $6,333
- Occupancy
- $17,727
- Program services (functional)
- $734,363
- Management and general (functional)
- $134,868
Balance sheet and other
- Total assets, start of year
- $4,115,174
- Total assets, end of year
- $5,145,867
- Total liabilities, end of year
- $79,530
- Net assets, end of year
- $5,066,337
- Publicly traded securities
- $1,985,231
- Net assets without donor restrictions
- $5,066,337
- Gross receipts
- $1,653,840
- Employees
- 3
- Volunteers
- 11
- Year formed
- 2016
- State of legal domicile
- RI
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Molly Donohue Magee | CEO Officer, Key employee | 31.2 | $207,442 | $20,000 |
| Timothy DelGiudice | Director Trustee or director | 1 | $0 | $0 |
| Kelly Mendell | Secretary and Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Deborah Proffitt | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Jonathan Tetreault | Director Trustee or director | 1 | $0 | $0 |
| Donald McCormack | Director Trustee or director | 1 | $0 | $0 |
| Michael Connor | Director Trustee or director | 1 | $0 | $0 |
| Ryan Smee | Director Trustee or director | 1 | $0 | $0 |
| David Cadorette | Director Trustee or director | 1 | $0 | $0 |
| Russell Smith | Director Trustee or director | 1 | $0 | $0 |
| Jeremy Shattuck | Director Trustee or director | 1 | $0 | $0 |
| Christopher Weeks | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Molly Donohue Magee | Executive Director Key employee | 30 | $198,915 | $5,967 |
| Timothy DelGiudice | Director Trustee or director | 1 | $0 | $0 |
| Jonathan Tetreault | Director Trustee or director | 1 | $0 | $0 |
| Jeff Smith | Director Trustee or director | 1 | $0 | $0 |
| Don McCormack | Director Trustee or director | 1 | $0 | $0 |
| Mike Connor | Director Trustee or director | 1 | $0 | $0 |
| Ryan Smee | Director Trustee or director | 1 | $0 | $0 |
| Jim Lacroix | Director Trustee or director | 1 | $0 | $0 |
| Dave Cadorette | Director Trustee or director | 1 | $0 | $0 |
| Rusty Smith | Director Trustee or director | 1 | $0 | $0 |
| Kelly Mendell | Secretary and Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Deborah Proffitt | Chair Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Molly Donohue Magee | Executive Director Key employee | 33.37 | $184,888 | $5,547 |
| Brian McKeon | Director Trustee or director | 1 | $0 | $0 |
| Don McCormack | Director Trustee or director | 1 | $0 | $0 |
| Ryan Smee | Director Trustee or director | 1 | $0 | $0 |
| Mike Connor | Director Trustee or director | 1 | $0 | $0 |
| Timothy DelGiudice | Director Trustee or director | 1 | $0 | $0 |
| Jonathan Tetreault | Director Trustee or director | 1 | $0 | $0 |
| Rusty Smith | Director Trustee or director | 1 | $0 | $0 |
| Kelly Mendell | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Deborah Proffitt | Chair Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 CORPORATE PL STE 203, MIDDLETOWN, RI 02842-6294
- In care of
- % MARY D MAGEE
- Mailing address (990-N for 2016)
- 55 John Clarke Road - Suite B1, Middletown RI 02842
- Principal officer (990 for 2025)
- Molly Donohue Magee, 2 Corporate Place STE 206, Middletown, RI 02842
- Principal officer (990-N for 2016)
- Mary Magee, 55 John Clarke Road - Suite B1, Middletown RI 02842
- Signed the 990
- MARY D MAGEE, CEO
- Phone
- (401) 846-5820
- Website
- www.underseatech.org
- Return prepared by
- Katharine H Leary CPA Inc
Mission
To facilitate collaborative, rapid development, testing and commercialization of innovative undersea and maritime technology for commerical, academic, and nonprofit organizations contributing to the defense and security of our nation.
Program accomplishments
- OTA: manage the industry consortium for the DoN other transaction agreement (OTA) for innovative undersea technology.Expenses $526,548 · revenue $1,516,036
- Workforce Development: provide scholarships and incumbent worker training opportunities to grow and sustain the undersea tech workforce.Expenses $187,396 · grants $65,000
- General program management expendituresExpenses $20,419
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4151205
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U42)
- Assets (IRS master file)
- $5,145,867
- Income (IRS master file)
- $1,653,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,653,840 | $869,231 | $5,145,867 | XML |
| 990 | December 2024 | $1,424,053 | $709,884 | $4,115,174 | XML |
| 990 | December 2023 | $1,010,873 | $585,924 | $3,402,490 | XML |
| 990 | December 2022 | $874,119 | $366,309 | $2,988,779 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Mary Magee | December 31, 2016 | ≤ $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 81-4151205).
Questions about UNDERSEA TECHNOLOGY INNOVATION CENTER
- What is the EIN of UNDERSEA TECHNOLOGY INNOVATION CENTER?
- The employer identification number (EIN) of UNDERSEA TECHNOLOGY INNOVATION CENTER is 81-4151205.
- Is UNDERSEA TECHNOLOGY INNOVATION CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to UNDERSEA TECHNOLOGY INNOVATION CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNDERSEA TECHNOLOGY INNOVATION CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNDERSEA TECHNOLOGY INNOVATION CENTER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNDERSEA TECHNOLOGY INNOVATION CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of UNDERSEA TECHNOLOGY INNOVATION CENTER?
- The 990 for the year ended December 31, 2025 names Molly Donohue Magee.
- Who are the officers and directors of UNDERSEA TECHNOLOGY INNOVATION CENTER?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $207,442 (Molly Donohue Magee, CEO).
- How much revenue does UNDERSEA TECHNOLOGY INNOVATION CENTER have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,653,840, expenses of $869,231 and total assets of $5,145,867 at year end.
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