Underdown Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $52.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 56-1827986
Organization Overview
Underdown Family Foundation Inc is located in Hickory, NC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Underdown Family Foundation Inc 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 12/2023, Underdown Family Foundation Inc generated $52.1k 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 (27.9%) each year. All expenses for the organization totaled $81.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Underdown Family Foundation Inc has awarded 104 individual grants totaling $483,389. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Vice President | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,122 |
| Capital Gain Net Income | $11,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,099 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,330 |
| Total operating and administrative expenses | $16,154 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $81,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,920 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,170,110 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Underdown Family Foundation Inc has awarded $65,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: HOME FIRE CAMPAIGN | $5,000 |
BIG HOUSE FAMILY MINISTRY PURPOSE: TRAUMA INFORMED ATTACHMENT AWARE CHILD CARE | $2,500 |
CATAWBA COUNTY COUNCIL ON AGING PURPOSE: WEST HICKORY SENIOR CENTER | $3,500 |
CAROLINA CARING INC PURPOSE: CARING FOR CHILDREN BATTLING SERIOUS ILLNESS | $7,500 |
CATAWBA COUNTY PARTNERSHIP FOR CHILDREN PURPOSE: OUR NEST DIAPER PANTRY | $2,500 |
CHILDREN'S CANCER PARTNERS OF THE CAROLINAS PURPOSE: HICKORY CHILDHOOD CANCER SAFETY NET | $2,000 |