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← SUBOPTIC FOUNDATION

Form 990 for tax year 2024

Filed by SUBOPTIC FOUNDATION.

Totals

Total revenue
$526,366
Total expenses
$527,347
Contributions and grants received
$526,364
Grants paid
$0
Program service revenue
$0
Investment income
$2
Other revenue
$0
Total assets, end of year
$1,015,930
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,015,930
Program services expenses (Part IX)
$442,252
Management and general expenses
$85,095
Fundraising expenses
$0
Program service expenses (Part III)
$442,252

Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $526,364

  • 3 · Investment income

    total $2 · excluded $2

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $7,570 · management and general $7,570

  • 12 · Advertising and promotion

    total $1,223 · program services $1,223

  • 13 · Office expenses

    total $7,328 · program services $6,385 · management and general $943

  • 17 · Travel

    total $71,764 · program services $71,764

  • 19 · Conferences, conventions and meetings

    total $27,028 · program services $5,000 · management and general $22,028

  • 24a · Other expenses: PROFESSIONAL SERVICES

    total $411,860 · program services $357,880 · management and general $53,980

  • 24b · Other expenses: BANK CHARGES

    total $574 · management and general $574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $466,911 · end of year $465,930

  • 3 · Pledges and grants receivable

    beginning of year $550,000 · end of year $550,000

  • 27 · Net assets without donor restrictions

    beginning of year $32,011 · end of year $1,015,930

  • 28 · Net assets with donor restrictions

    beginning of year $984,900 · end of year $0

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT THE DEVELOPMENT OF THE FUTURE SUBSEA COMMUNICATIONS NETWORKS WORKFORCE, WITH A FOCUS ON AREAS WHERE BROAD RESEARCH AND COOPERATIVE DATA-SHARING BENEFIT THE INDUSTRY AS A WHOLE.

Activities or mission (Part I)

RESEARCH AND EDUCATION IN SUBSEA INTERNET CABLE INDUSTRY.

  • EDUCATION & RESEARCH PROGRAMS: THE FOUNDATION'S EDUCATIONAL PROGRAMS ARE DESIGNED TO SUPPORT THE DEVELOPMENT OF THE FUTURE SUBSEA WORKFORCE. THE FOUNDATION'S RESEARCH PROGRAMS ARE CENTERED IN AREAS WHERE BROAD RESEARCH AND COOPERATIVE DATA-SHARING BENEFIT THE INDUSTRY AS A WHOLE, INCLUDING SUSTAINABILITY AND RESILIENCE. IN 2024, THE ORGANIZATION ALSO HELD SYMPOSIA FOR STUDENTS AND PROFESSIONALS INTERESTED IN A CAREER IN THE SUBMARINE CABLE INDUSTRY.

    Expenses $442,252

As filed on the 2024 return.

Listed in Part VII

  • Erick W Contag

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Elaine Stafford

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jayne Stowell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SUBOPTIC FOUNDATION UK

    EDUCATION/TRAINING · UK

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349308895

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