NonprofitsUndersea Technology Innovation Center

Science & Technology

Undersea Technology Innovation Center

MIDDLETOWN, RI

Total revenue

$1.4M

Total expenses

$710K

Net assets

$4.1M

Grants received

EIN

814151205

Tax year

2024

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.

Programs

2 programs

UTICs scholarship program is part of an ongoing effort to promote workforce development and education in undersea technology. Scholarships are awarded to students pursuing an undergraduate and/or graduate degree in STEM-related fields (such as engineering, computer science, cybersecurity, information technology, mathematics, etc.) with a focus on undersea technology.

Expenses: $53KGrants: $50K

UTICs Prize Challenge program is focused on identifying innovative solutions to pressing undersea technology, workforce development and supply chain challenges. Competing teams from academic and vocational programs are invited to submit innovative strategies and approaches focused on select marine and undersea challenge scenarios. Winners will be awarded a monetary prize for scholarship or internship opportunities.

Expenses: $32KGrants: $30K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.3M
Investment income$148K
Other revenue
Total revenue$1.4M

Expenses

Grants paid$80K
Salaries & benefits$241K
Fundraising
Other expenses$389K
Total expenses$710K
Total assets$4.1M
Net assets$4.1M

People

12 listed

NameRoleCompensation

Timothy DelGiudice

Director

Board

1 hrs/wk

Jonathan Tetreault

Director

Board

1 hrs/wk

Jeff Smith

Director

Board

1 hrs/wk

Don McCormack

Director

Board

1 hrs/wk

Mike Connor

Director

Board

1 hrs/wk

Ryan Smee

Director

Board

1 hrs/wk

Jim Lacroix

Director

Board

1 hrs/wk

Dave Cadorette

Director

Board

1 hrs/wk

Rusty Smith

Director

Board

1 hrs/wk

Kelly Mendell

Secretary and Treasurer

Board

2 hrs/wk

Deborah Proffitt

Chair

Board

2 hrs/wk

Molly Donohue Magee

Executive Director

Staff

$199K

30 hrs/wk

Independent contractors

ATI

Contract Mgmt

$154K

Details

EIN814151205
NTEE codeU42
Subsection03
Ruling date2016-11
Formed2016
Employees2
UNDERSEA TECHNOLOGY INNOVATION CENTER — Mission, Financials & Grants Received | Grantivo