Undersea Technology Innovation Center

Science & technology organization based in Middletown, RI. 2 employees. Exempt under §501(c)(3).

MissionTo 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.

EIN
81-4151205
State
RI
Sector
Science & technology
Budget band
$1M–$2.5M
Latest filing
TY 2024
Records
1 officers · 3 years

Financial snapshot · TY 2024

$1.4M
Total revenue
$710K
Total expenses
$4.1M
Net assets

Financial health · TY 2024

47
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
68.5 months of expenses
Program efficiency
0
48.7% spent on programs
Revenue diversity
37
Mix of program fees, grants & contributions

Leadership compensation

Molly Donohue Magee
Executive Director
$204,882
73th percentile vs. peers

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Undersea Technology Innovation Center Executive Compensation | 990 Data | DoubleNine