Nonprofit · EIN 86-1611087
SUBOPTIC FOUNDATION
Tax-exempt · CORAL GABLES, FL 33134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $526,366 | $527,347 | -$981 | $1,015,930 | $0 | $1,015,930 |
| December 31, 2023 | 990 | $1,030,735 | $64,037 | $966,698 | $1,016,911 | $0 | $1,016,911 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $526,364
- Program service revenue
- $0
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,570
- Travel
- $71,764
- Program services (functional)
- $442,252
- Management and general (functional)
- $85,095
Balance sheet and other
- Total assets, start of year
- $1,016,911
- Total assets, end of year
- $1,015,930
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,015,930
- Net assets without donor restrictions
- $1,015,930
- Gross receipts
- $526,366
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICK W CONTAG | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ELAINE STAFFORD | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JAYNE STOWELL | TRUSTEE Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICK W CONTAG | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| ELAINE STAFFORD | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JAYNE STOWELL | TRUSTEE Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 121 ALHAMBRA PLZ STE 1202, CORAL GABLES, FL 33134-4522
- In care of
- % SUBOPTIC FOUNDATION
- Mailing address (990-N for 2022)
- 55 MERRICK WAY suite 401, CORAL GABLES FL 33134
- Principal officer (990 for 2024)
- ERICK W CONTAG, 3020 NE 32ND AVE APT 1202, FORT LAUDERDALE, FL 33308
- Principal officer (990-N for 2022)
- Erick W Contag, 3020 NE 32nd Ave Apt 1202, Fort Lauderdale FL 33308
- Signed the 990
- ERICK W CONTAG, PRESIDENT
- Phone
- (954) 591-8120
- Return prepared by
- SD MAYER & ASSOCIATES LLP
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1611087
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $1,015,930
- Income (IRS master file)
- $526,366
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $526,366 | $527,347 | $1,015,930 | XML |
| 990 | December 2023 | $1,030,735 | $64,037 | $1,016,911 | XML |
| 990-N for 2022 Officer: Erick W Contag | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-1611087).
Questions about SUBOPTIC FOUNDATION
- What is the EIN of SUBOPTIC FOUNDATION?
- The employer identification number (EIN) of SUBOPTIC FOUNDATION is 86-1611087.
- Is SUBOPTIC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SUBOPTIC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUBOPTIC FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SUBOPTIC FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUBOPTIC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SUBOPTIC FOUNDATION?
- The 990 for the year ended December 31, 2024 names ERICK W CONTAG.
- Who are the officers and directors of SUBOPTIC FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does SUBOPTIC FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $526,366, expenses of $527,347 and total assets of $1,015,930 at year end.
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