Civic Intelligence

Foundation for Underwater Research and Education

EIN 52-1652248 • 501(c)3 • Arlington, VA

Profile

Advancing marine tech and ocean engineering by investing in todays youth

PO Box 40156Arlington, VA 22204-9998

www.internationalsubmarineraces.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

27th percentile

-14%

Higher net margin than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

50th percentile

-1.7%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-88%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$48,300

Down $811 (-1.7%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$48,300

Down $811 (-1.7%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin27th percentile

Revenue

Down

$6,000

Down $44,180 (-88%) from 2023

Expenses

Down

$6,812

Down $62,662 (-90%) from 2023

Net Income

Up

-$812

Up $18,482 (+96%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2011: $31,265Liabilities 2011: $0Net Assets 2011: $31,2652011Assets 2013: $45,399Liabilities 2013: $0Net Assets 2013: $45,3992013Assets 2014: $62,848Liabilities 2014: $0Net Assets 2014: $62,8482014Assets 2015: $56,600Net Assets 2015: $56,6002015Assets 2016: $68,217Liabilities 2016: $230Net Assets 2016: $67,9872016Assets 2017: $69,550Net Assets 2017: $69,5502017Assets 2018: $71,220Net Assets 2018: $71,2202018Assets 2019: $72,027Net Assets 2019: $72,0272019Assets 2020: $66,435Liabilities 2020: $02020Assets 2021: $66,529Net Assets 2021: $66,5292021Assets 2022: $68,405Net Assets 2022: $68,4052022Assets 2023: $49,111Net Assets 2023: $49,1112023Assets 2024: $48,300Net Assets 2024: $48,3002024

Highlighted filing

2024

Assets$48,300
Liabilities-
Net Assets$48,300
Open 2024 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $56,812Expenses 2011: $36,674Net Income 2011: $20,1382011Revenue 2013: $61,946Expenses 2013: $56,347Net Income 2013: $5,5992013Revenue 2014: $21,456Expenses 2014: $2,167Net Income 2014: $19,2892014Revenue 2015: $61,363Expenses 2015: $67,611Net Income 2015: -$6,2482015Revenue 2016: $16,866Expenses 2016: $5,478Net Income 2016: $11,3882016Revenue 2017: $52,424Expenses 2017: $50,862Net Income 2017: $1,5622017Revenue 2018: $10,770Expenses 2018: $9,146Net Income 2018: $1,6242018Revenue 2019: $51,055Expenses 2019: $50,248Net Income 2019: $8072019Revenue 2020: $0Expenses 2020: $5,592Net Income 2020: -$5,5922020Revenue 2021: $18,885Expenses 2021: $18,791Net Income 2021: $942021Revenue 2022: $6,500Expenses 2022: $4,624Net Income 2022: $1,8762022Revenue 2023: $50,180Expenses 2023: $69,474Net Income 2023: -$19,2942023Revenue 2024: $6,000Expenses 2024: $6,812Net Income 2024: -$8122024

Highlighted filing

2024

Revenue$6,000
Expenses$6,812
Net Income-$812
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,300
Liabilities
-
Net assets
$48,300
Revenue
$6,000
Expenses
$6,812
Net income
-$812
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$48.3$48.3$6.00$6.81$0.81
2023Detailed filing. Detailed filing data is available for this year.$49.1$49.1$50.2$69.5$19.3
2022Detailed filing. Detailed filing data is available for this year.$68.4$68.4$6.50$4.62$1.88
2021Detailed filing. Detailed filing data is available for this year.$66.5$66.5$18.9$18.8$0.09
2020Summary only. Only limited summary data is available for this year.$66.4$0.00$0.00$5.59$5.59
2019Detailed filing. Detailed filing data is available for this year.$72.0$72.0$51.1$50.2$0.81
2018Detailed filing. Detailed filing data is available for this year.$71.2$71.2$10.8$9.15$1.62
2017Detailed filing. Detailed filing data is available for this year.$69.6$69.6$52.4$50.9$1.56
2016Detailed filing. Detailed filing data is available for this year.$68.2$0.23$68.0$16.9$5.48$11.4
2015Detailed filing. Detailed filing data is available for this year.$56.6$56.6$61.4$67.6$6.25
2014Detailed filing. Detailed filing data is available for this year.$62.8$0.00$62.8$21.5$2.17$19.3
2013Summary only. Only limited summary data is available for this year.$45.4$0.00$45.4$61.9$56.3$5.60
2011Summary only. Only limited summary data is available for this year.$31.3$0.00$31.3$56.8$36.7$20.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 20, 2025
Return Version
2024v5.1
Gross Receipts
$6,000
Mission and Program Overview

Mission

The Foundation and the International Submarine Race ISR is managed by volunteers that support the biennial design competition. This unique program encourages innovation, problem solving, and practical skill develoment through application of knowledge learning to develope and race human powered submarines. FURE helps educate students in marine technology.

Advancing marine tech and ocean engineering by investing in todays youth

Program Services

DescriptionGrantsExpenses
1 scholarship to Liam Vincent Oregon State University 2,000$2,000-
FURE conducted the 17th biennial Intl Submarine Races in 2023. University students, individuals are required to design, construct race a person powered submarine. The ISR is a STEM event for young people around the world.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vincent MalkoskiChairman PresidentPT$0--
Pamela E CorryTreasurerPT$0--
Dave PetersonSecretaryPT$0--
Serena PadillaDirector Vice PresidentPT$0--
Eric PadillaDirector-$0--
Eric BregeDirector-$0--
William J MarrDirector-$0--
Kristina Haller-CorkumDirector-$0--
Christopher PietrasDirector-$0--
Justin ChaseDirector-$0--
Filing and Contact Details

Filer

Filer Name
Foundation for Underwater Research and Education
EIN
52-1652248
Address
PO Box 40156, Arlington, VA 22204-9998

Signing Officer

Name
Pam Corry
Title
Treasurer
Phone
2023865698
Signed
2025-05-20
Discuss with paid preparer
Yes

Preparer

Firm
Myerson & Myerson LLC
Address
5618 Swift Creek Court, Haymarket, VA 20169
Preparer
Priscilla N Myerson
Phone
7037531040
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Insurance 2,793”

Form 990-EZ, Part I, Line 16, Other Expenses

“Web Fees and Internet ISR.org 790”

Form 990-EZ, Part I, Line 20, Net Assets

“Rounding 1”

Raw XML Appendix170 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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