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.
Undersea Technology Innovation Center at a glance
- Total assets
- $5,145,867
- +25.0% vs 2024
- Revenue (2025)
- $1,653,840
- +16.1% vs 2024
- Net investment income (2025)
- $137,325
- -7.2% vs 2024
- Expenses (2025)
- $869,231
- +22.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Undersea Technology Innovation Center
Open Grants
1 open opportunity from Undersea Technology Innovation Center
Who Undersea Technology Innovation Center funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| URI Foundation Kingston, RI | educational scholarship | $7,500 |
| University of Connecticut Storrs Mansfield, CT | educational scholarship | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,145,867 | $1,653,840 | $869,231 | — | — | $137,325 |
| 2024 | $4,115,174 | $1,424,053 | $709,884 | $15,000 | 2 | $147,935 |
| 2023 | $3,402,490 | $1,010,873 | $585,924 | — | — | $49,368 |
| 2022 | $2,988,779 | $874,119 | $366,309 | — | — | $298 |
| 2021 | $2,407,980 | $1,370,523 | $291,657 | — | — | $80 |
| 2020 | $1,317,514 | $1,247,653 | $207,770 | — | — | $691 |
| 2019 | $266,342 | $485,222 | $204,269 | — | — | $101 |
About Undersea Technology Innovation Center
Based on IRS filings
Undersea Technology Innovation Center is a public charity focused on Science & Technology, based in Middletown, RI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.1M in total assets. Net investment income was $137K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Undersea Technology Innovation Center is led by Molly Donohue Magee, CEO since 2025 (on filings since 2019); 1 of 12 officers listed in 2025 is compensated.
Officers on the 2025 filing
Molly Donohue Magee
CEO
Executive Director → CEO, 2025
On filings since 2019
31.2 hrs/week
$4K (2021) → $207K (2025)
Deborah Proffitt
Chair
Director → Chair, 2021
On filings since 2020
2 hrs/week
No compensation reported
Jonathan Tetreault
Director
On filings since 2019
1 hr/week
No compensation reported
Timothy DelGiudice
Director
President → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Ryan Smee
Director
On filings since 2023
1 hr/week
No compensation reported
Christopher Weeks
Director
New on the 2025 filing
1 hr/week
No compensation reported
David Cadorette
Director
New on the 2025 filing
1 hr/week
No compensation reported
Donald McCormack
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jeremy Shattuck
Director
New on the 2025 filing
1 hr/week
No compensation reported
Michael Connor
Director
New on the 2025 filing
1 hr/week
No compensation reported
Russell Smith
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kelly Mendell
Secretary & Treasurer
Treasurer → Secretary & Treasurer, 2024
On filings since 2019
2 hrs/week
No compensation reported
Former officers (11)
- Former: Rusty Smith (2019–2024) — Director
- Former: Don McCormack (2021–2024) — Director
- Former: Mike Connor (2021–2024) — Director
- Former: Dave Cadorette (2024) — Director
- Former: Jeff Smith (2024) — Director
- Former: Jim Lacroix (2024) — Director
- Former: Brian McKeon (2021–2023) — Director
- Former: Rick Murry (2021–2022) — Director
- Former: Joseph Marino (2019–2020) — Director
- Former: Debbie Proffitt (2019) — Director
- Former: Tim Delgiudice (2019) — Chairman
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $207K, to Molly Donohue Magee (CEO).
Frequently asked questions about Undersea Technology Innovation Center
How large is Undersea Technology Innovation Center?
Undersea Technology Innovation Center reported $5.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.7M.
What is Undersea Technology Innovation Center?
Undersea Technology Innovation Center is a public charity focused on Science & Technology, based in Middletown, RI. It holds $5.1M in total assets as of 2025.
Where does Undersea Technology Innovation Center operate?
Undersea Technology Innovation Center has awarded grants in Connecticut, Rhode Island.
What is Undersea Technology Innovation Center's EIN?
Undersea Technology Innovation Center's EIN (Employer Identification Number) is 81-4151205. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS March 13, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Undersea Technology Innovation Center funds
Science & Technology Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Undersea Technology Innovation Center's focus areas in our free grants database
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Undersea Technology Innovation Center down — hundreds of funders to go?