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 · View filing
Total Assets
$4.1M
+20.9% YoY
Annual Giving
$15K
Grant Count
2
Avg Grant Size
$8K
About Undersea Technology Innovation Center
Based on IRS filings
Undersea Technology Innovation Center is a nonprofit organization focused on Science & Technology, based in MIDDLETOWN, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 2 grants totaling $15K. Net investment income was $148K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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
Open Grants
2 open opportunities from Undersea Technology Innovation Center
UTIC 2026-2027 Scholarship Program
Undersea Technology Innovation Center
Amount
Individual awards: $5,000 each; Total pool: Up to $50,000 (up to 10 scholarships)
Deadline
Closed
UTIC Other Transaction Authority (OTA) Agreement for Undersea Technology Innovation
Undersea Technology Innovation Center
Amount
Minimum $20M annually
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & 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 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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