Nonprofit · EIN 20-1660757
UNDERCURRENT INC
Tax-exempt · SAN RAFAEL, CA 94901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $590,125 | $579,952 | $10,173 | $213,322 | $11,224 | $202,098 |
| September 30, 2024 | 990 | $609,479 | $665,677 | -$56,198 | $214,220 | $22,295 | $191,925 |
| September 30, 2023 | 990 | $454,388 | $1,405,841 | -$951,453 | $270,730 | $22,607 | $248,123 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $370,525
- Program service revenue
- $211,523
- Investment income
- $7,939
- Other revenue
- $138
Expenses
- Grants and similar amounts paid
- $373,123
- Compensation of officers, directors and key employees
- $67,500
- Salaries, compensation and benefits (total)
- $76,091
- Professional fundraising fees
- $0
- Legal fees
- $137
- Accounting fees
- $1,890
- Program services (functional)
- $527,018
- Management and general (functional)
- $38,955
- Fundraising (functional)
- $13,979
Balance sheet and other
- Total assets, start of year
- $214,220
- Total assets, end of year
- $213,322
- Total liabilities, end of year
- $11,224
- Net assets, end of year
- $202,098
- Land, buildings and equipment
- $246
- Net assets without donor restrictions
- $202,098
- Gross receipts
- $590,125
- Employees
- 1
- Year formed
- 2005
- State of legal domicile
- CA
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH SMITH | President Trustee or director, Officer | 40 | $67,500 |
| MICHAEL SMITH | Secretary Trustee or director, Officer | 1 | $0 |
| NEIL OSTERGAARD | Treasurer Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kenneth Smith | President Trustee or director, Officer | 40 | $126,000 |
| Michael Smith | Secretary Trustee or director, Officer | 1 | $0 |
| Neil Ostergaard | Treasurer Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kenneth Smith | President Trustee or director, Officer | 40 | $88,500 |
| Michael Smith | Secretary Trustee or director, Officer | 1 | $0 |
| Neil Ostergaard | Treasurer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4 MLISS LN, SAN RAFAEL, CA 94901-5255
- In care of
- % KENNETH L SMITH
- Principal officer (990 for 2024)
- KENNETH SMITH, 4 MLISS LANE, SAN RAFAEL, CA 94901
- Signed the 990
- KENNETH SMITH, President
- Phone
- (415) 461-3014
- Return prepared by
- Light Hearts Intl LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 20-1660757 or by the name UNDERCURRENT INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
EDUCATION AND SUPPORTING WILD ANIMAL,LAND, OCEAN AND OTHER ENVIRONMENTAL PROTECTION PROGRAMS.
Program accomplishments
- WE ARE AN INFORMATIVE SUBSCRIPTION-ONLY NEWSLETTER FOR SCUBA DIVERS, EMPHASIZING SAFETY AND DIVING HEALTH, WITH REVIEWING WORLDWIDE DESTINATIONS. WE SEND AND INFORMATIVE FREE EMAIL, WITH DIVING AND SAFETY INFORMATION, AS WELL AS DIVING NEWS, TO MORE THAN 30,000 SCUBA DIVERS WORLDWIDE.Expenses $527,018
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 20-1660757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A33)
- Assets (IRS master file)
- $213,322
- Income (IRS master file)
- $590,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $590,125 | $579,952 | $213,322 | IRS |
| 990 | September 2024 | $609,479 | $665,677 | $214,220 | IRS |
| 990 | September 2023 | $454,388 | $1,405,841 | $270,730 | XML |
| 990 | September 2022 | $4,526,811 | $9,204,577 | $1,237,262 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
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 20-1660757).
Questions about UNDERCURRENT INC
- What is the EIN of UNDERCURRENT INC?
- The employer identification number (EIN) of UNDERCURRENT INC is 20-1660757.
- Is UNDERCURRENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to UNDERCURRENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNDERCURRENT INC 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 UNDERCURRENT INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNDERCURRENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of UNDERCURRENT INC?
- The 990 for the year ended September 30, 2025 names KENNETH SMITH.
- Who are the officers and directors of UNDERCURRENT INC?
- The 990 for the year ended September 30, 2025 lists 3 people; 1 received compensation from the organization, the highest $67,500 (KENNETH SMITH, President).
- How much revenue does UNDERCURRENT INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $590,125, expenses of $579,952 and total assets of $213,322 at year end.
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