Overview
What is Undersea Technology Innovation Center?
The Undersea Technology Innovation Center (UTIC) is a nonprofit organization situated in Middletown, Rhode Island. Its primary mission is to collaborate with various nontraditional, academic, and business entities, forming a consortium. This alliance enables the government to effortlessly access innovative undersea and maritime technologies, contributing significantly to national security, particularly in support of the Department of Navy. The center's purpose is to foster rapid development, testing, and commercialization of these innovative technologies among commercial, academic, and nonprofit organizations. The UTIC operates with a dedicated workforce of one individual, ensuring the smooth execution of its mission.
Official website here: www.underseatech.org
Is Undersea Technology Innovation Center legitimate?
Undersea Technology Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Undersea Technology Innovation Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $112,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.underseatech.org
What is the mission statement of Undersea Technology Innovation Center?
The Undersea Technology Innovation Center's mission is to encourage collaborative innovation in the development, testing, and commercialization of advanced undersea and maritime technologies. This mission primarily serves commercial, academic, and nonprofit organizations, with a focus on enhancing national security and defense. By managing a consortium of nontraditional, nonprofit, academic, and business entities, the center provides the government with streamlined access to cutting-edge technologies, supporting initiatives through the Department of Navy's Other Transaction Agreement for undersea technology.
Official website here: www.underseatech.org
Who is the CEO of Undersea Technology Innovation Center?
Molly Donohue Magee is the Executive Director of Undersea Technology Innovation Center.
Official website here: www.underseatech.org
What is the revenue of Undersea Technology Innovation Center?
Undersea Technology Innovation Center's revenue in 2022 was $874,119.
Official website here: www.underseatech.org
Who are the executives of Undersea Technology Innovation Center and what are their salaries?
The average compensation at Undersea Technology Innovation Center during 2022 was $112,038. There are 1 employees at Undersea Technology Innovation Center.
Here are 10 key members and their salaries:
- Molly Donohue Magee (Executive Director)
- Brian Mckeon (Director)
- Don Mccormack (Director)
- Mike Connor (Director)
- Rick Murry (Director)
- Timothy Delgiudice (Director)
- Jonathan Tetreault (Director)
- Rusty Smith (Director)
- Kelly Mendell (Treasurer) [Trustee/Director]
- Deborah Proffitt (Chair) [Trustee/Director]
Official website here: www.underseatech.org
Where can I find the form 990 for Undersea Technology Innovation Center?
The Undersea Technology Innovation Center’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.underseatech.org
Learn more at the official website: www.underseatech.org
Mission Statement of Undersea Technology Innovation Center
The Undersea Technology Innovation Center, abbreviated as UTIC, is a nonprofit organization dedicated to facilitating a collaborative environment for the rapid development, testing, and commercialization of innovative undersea and maritime technologies. Its mission is geared towards supporting various organizations, including commercial, academic, and nonprofit entities, in their contributions to the defense and security of the nation. UTIC serves as a bridge between these organizations and the government, providing streamlined access to innovative technologies through a consortium of nontraditional, nonprofit, academic, and business entities. This mission is crucial in supporting the Department of Navy's Other Transaction Agreement for undersea technology, thereby contributing significantly to national security efforts.
Impact
This information is meant to be a general summary of Undersea Technology Innovation Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Undersea Technology Innovation Center has had a significant impact on advancing undersea and maritime technology through collaborative efforts with various organizations. By facilitating rapid development, testing, and commercialization of innovative technologies, UTIC has played a crucial role in enhancing defense and security capabilities for the nation. Its work in prototype development for the Department of Defense, particularly through managing a consortium of diverse entities, has provided streamlined access to cutting-edge technologies that support national security objectives. In doing so, UTIC has contributed to strengthening the undersea technology sector and bolstering the defense infrastructure of the country.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTA Assessment Revenue
Revenue
$725,196
OTA Event Revenue
Revenue
$6,800
OTA Membership
Revenue
$141,825
Organization Details
Founding Year
2016
Principal Officer
Molly Donohue Magee
Main Address
2 Corporate Place STE 203, Middletown, RI, 02842
Website
www.underseatech.org
NTEE Category
Code: U42 - Science research
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