Underdown Family Foundation

Nonprofit profile at a glance

EIN
561827986
IRS 990-PF coverage
2012–2025
Forms available
Form 990-PF 2025
Location
Hickory, NC, USA
Phone
8003523705
Rating
88
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$115,819
Expenses
$84,724

Source: IRS Form 990-PF. Selected filing: tax year 2025. Amounts in USD.

Overview

Mission

Underdown Family Foundation is a nonprofit. Location: Hickory, NC. EIN 561827986. Tax year 2025 Form 990-PF reports $116K revenue and $84.7K expenses.

What it reported funding in 2025

The foundation reported 22 grants totaling $66,000. The stated grant purposes included caring for children battling serious illness, west hickory senior center, and hickory childhood cancer safety net, plus 18 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 99% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Grant Deployment: 88
  • Cost Efficiency: 78
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 61

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 88%; rating input score 88; 21st percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 77.9%; rating input score 78; 49th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 18.72; rating input score 61; 61st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 88% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 61th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 12 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.