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Nonprofit · EIN 56-1827986

UNDERDOWN FAMILY FOUNDATION INC

Tax-exempt · HICKORY, NC 28603

Financials

$52K$81K2023$111K$82K2024$116K$85K2025
Revenue Expenses · by fiscal year end
Financials of UNDERDOWN FAMILY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$115,819$84,724$31,095$1,235,203$0$1,235,203
December 31, 2024990-PF$111,469$81,700$29,769$1,201,617$0$1,201,617
December 31, 2023990-PF$52,066$81,154-$29,088$1,170,110$0$1,170,110
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$48,358
Net gain from sales of assets
$67,461

Expenses

Grants and similar amounts paid
$66,000
Disbursements for charitable purposes
$66,749
Excise tax on investment income
$1,401

Balance sheet and other

Total assets, start of year
$1,201,617
Total assets, end of year
$1,235,203
Total liabilities, end of year
$0
Net assets, end of year
$1,235,203
Fair market value of assets
$1,601,749
Qualifying distributions
$66,749
Net investment income
$115,819

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Parks Underdown III
PO Box 279, Hickory, NC 28603
President1$0
David Underdown
PO Box 279, Hickory, NC 28603
Vice President1$0
Steve Underdown
PO Box 279, Hickory, NC 28603
Treasurer1$0
Susan U Geck
PO Box 279, Hickory, NC 28603
Secretary1$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
Parks Underdown III
PO Box 279, Hickory, NC 28603
President1$0
David Underdown
PO Box 279, Hickory, NC 28603
Vice President1$0
Steve Underdown
PO Box 279, Hickory, NC 28603
Treasurer1$0
Susan U Geck
PO Box 279, Hickory, NC 28603
Secretary1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Parks Underdown III
PO Box 279, Hickory, NC 28603
President1$0
David Underdown
PO Box 279, Hickory, NC 28603
Vice President1$0
Steve Underdown
PO Box 279, Hickory, NC 28603
Treasurer1$0
Susan U Geck
PO Box 279, Hickory, NC 28603
Secretary1$0

Address and contacts

Address (IRS master file)
PO BOX 128, HICKORY, NC 28603-0128
In care of
% PARKS C UNDERDOWN JR
Signed the 990-PF
Parks Underdown III, President
Phone
(800) 352-3705
Return prepared by
Forvis Mazars LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
56-1827986
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1994
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,235,203
Income (IRS master file)
$115,996

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$115,819$84,724$1,235,203XML
990-PFDecember 2024$111,469$81,700$1,201,617XML
990-PFDecember 2023$52,066$81,154$1,170,110XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 56-1827986).

Questions about UNDERDOWN FAMILY FOUNDATION INC

What is the EIN of UNDERDOWN FAMILY FOUNDATION INC?
The employer identification number (EIN) of UNDERDOWN FAMILY FOUNDATION INC is 56-1827986.
Is UNDERDOWN FAMILY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to UNDERDOWN FAMILY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does UNDERDOWN FAMILY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of UNDERDOWN FAMILY FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNDERDOWN FAMILY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of UNDERDOWN FAMILY FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does UNDERDOWN FAMILY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $115,819, expenses of $84,724 and total assets of $1,235,203 at year end.

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