Undersea Technology Innovation Center
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$4.1M
+20.9% YoY
Annual Giving
$15K
Grant Count
2
Avg Grant Size
$8K
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,115,174 | $3,402,490 | $2,988,779 |
| Revenue | $1,424,053 | $1,010,873 | $874,119 |
| Expenses | $709,884 | $585,924 | $366,309 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $147,935 | $49,368 | $298 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Undersea Technology Innovation Center fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Molly Donohue Magee | Executive Director | 30 | $198,915 |
| Timothy DelGiudice | Director | 1 | — |
| Jonathan Tetreault | Director | 1 | — |
| Jeff Smith | Director | 1 | — |
| Don McCormack | Director | 1 | — |
| Mike Connor | Director | 1 | — |
| Ryan Smee | Director | 1 | — |
| Jim Lacroix | Director | 1 | — |
| Dave Cadorette | Director | 1 | — |
| Rusty Smith | Director | 1 | — |
| Kelly Mendell | Secretary and Treasurer | 2 | — |
| Deborah Proffitt | Chair | 2 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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