Foundation For Underwater Research And Education Inc
- Assets
- $66.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Haymarket, VA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 52-1652248
Organization Overview
Foundation For Underwater Research And Education Inc, operating under the name Fure, is located in Haymarket, VA. The organization was established in 1991. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fure is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fure generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $18.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION CONDUCTED THE 14TH BIANNUAL INTERNATIONAL SUBMARINE RACES IN 2017. UNIVERSITY STUDENTS, AND INDIVIDUALS ARE REQUIRED TO DESIGN, CONSTRUCT AND RACE A PERSON POWERED SUBMARINE. RACES HELD 2017, PREP BEGAN 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Jones Vice Chairman | 8 | $0 | |
Dave Peterson Secretary Director | 8 | $0 | |
Daniel Dozier Chairman Vice President | 8 | $0 | |
Pamela E Corry Treasurer | 8 | $0 | |
Charles D Behrle President | 4 | $0 | |
Jerry Rovner Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,905 |
| Total Program Service Revenue | $980 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,885 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $585 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $985 |
| Other expenses | $4,753 |
| Total expenses | $18,791 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,529 |
| Other assets | $0 |
| Total assets | $66,529 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consortium For Ocean Leadership Inc Washington, DC | $4,687,674 | $4,673,668 |
Marine Technology Society Inc Washington, DC | $7,132,686 | $1,889,360 |
Marine Science Consortium Inc Wallops Island, VA | $12,768,305 | $1,791,311 |
The Washington Dc Area Marine Aquarist Society Reston, VA | $128,850 | $281,664 |
Responsible Offshore Science Alliance Washington, DC | $629,297 | $295,000 |
Ocean Visions Inc Leesburg, VA | $2,405,679 | $2,291,104 |
Molluscan Science Foundation Inc Owings Mills, MD | $17,270,125 | $2,816,927 |
Crustacean Society Herndon, VA | $915,214 | $104,058 |
Diving With A Purpose And Development Group Inc Nashville, TN | $235,616 | $239,504 |
Foundation For Underwater Research And Education Inc Haymarket, VA | $66,529 | $0 |
Ipac Marine Environmental Research Corporation Melfa, VA | $47,772 | $0 |
Center For Research On The Changing Earth System Clarksville, MD | $8,563 | $0 |