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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 46-5239516

UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION

Tax-exempt · RALEIGH, NC 27608

Financials

$72K$59K2023$69K$81K2024$122K$165K2025
Revenue Expenses · by fiscal year end
Financials of UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2026990-EZ$122,059$164,825-$42,766$112,208–$112,208
June 30, 2025990-EZ$69,168$80,816-$11,648$153,071–$153,071
June 30, 2024990-EZ$72,054$58,601$13,453$164,719–$164,719
Financial details: 990-EZ for the year ended June 30, 2026

Revenue

Contributions, gifts and grants
$117,997
Investment income
$4,062

Expenses

Grants and similar amounts paid
$131,406
Compensation of officers, directors and key employees
$0
Printing, publications and postage
$33,419
Program services (functional)
$82,517

Balance sheet and other

Total assets, start of year
$154,974
Total assets, end of year
$112,208
Total liabilities, end of year
–
Net assets, end of year
$112,208
Cash, savings and investments
$112,208
Gross receipts
$122,059

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-EZ for the year ended June 30, 2026, highest compensation first.

NameTitleHours / weekCompensation
Daniel ShieldsTreasurer5$0
Chelsea HudsonPresident5$0
Anne WaechterPrincipal5$0
Valerie WorthSecretary5$0
Lauren BockPTA President1$0
990-EZ for the year ended June 30, 2025: 5 people
NameTitleHours / weekCompensation
Daniel ShieldsTreasurer5$0
Kelly PropstPresident5$0
Anne WaechterPrincipal5$0
Lauren GoldenSecretary5$0
Loraine HallPTA President1$0
990-EZ for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
Sarah McClainTreasurer5$0
Kelly PropstPresident5$0
Anne WaechterPrincipal5$0
Lauren GoldenSecretary5$0
Meredith HamnerPTA President1$0

Address and contacts

Address (IRS master file)
1614 GLENWOOD AVE, RALEIGH, NC 27608-2320
In care of
% ANNE WAECHTER
Signed the 990-EZ
Dan Shields, Treasurer

Mission

See Schedule O

990-EZ for the year ended June 30, 2026

Program accomplishments

  • Education funding donation for the 25 26 school year to Wake County Public Schools - Underwood GT Magnet Elementary School
    Expenses $82,517

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026990-EZ on file
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

File the 2026 990-EZ for UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION

Due November 15, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
46-5239516
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
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$112,208
Income (IRS master file)
$122,059

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2026$122,059$164,825$112,208XML
990-EZJune 2025$69,168$80,816$153,071XML
990-EZJune 2024$72,054$58,601$164,719XML
990-EZJune 2023–––IRS
990-EZJune 2022–––IRS
990-EZJune 2021–––IRS
990-EZJune 2020–––IRS
990-EZJune 2019–––IRS
990-EZJune 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 46-5239516).

Questions about UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION

What is the EIN of UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION?
The employer identification number (EIN) of UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION is 46-5239516.
Is UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNDERWOOD GT MAGNET ELEMENTARY SCHOOL 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 UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION due?
The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2026.
Who are the officers and directors of UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION?
The 990-EZ for the year ended June 30, 2026 lists 5 people; 0 received compensation from the organization.
How much revenue does UNDERWOOD GT MAGNET ELEMENTARY SCHOOL FOUNDATION have?
On its 990-EZ for the year ended June 30, 2026 it reported revenue of $122,059, expenses of $164,825 and total assets of $112,208 at year end.

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