Totals
- Total revenue
- $95,753
- Total expenses
- $86,753
- Contributions and grants received
- $90,000
- Grants paid
- $1,000
- Program service revenue
- $0
- Investment income
- $403
- Other revenue
- $5,350
- Total assets, end of year
- $359,403
- Total liabilities, end of year
- $295
- Net assets or fund balances, end of year
- $359,108
- Program services expenses (Part IX)
- $73,893
- Management and general expenses
- $12,860
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $73,893
Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$90,000
-
3 · Investment income
total $403 · excluded $403
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Revenue
total $5,350 · related or exempt $5,350
-
11e · Other revenue, total
$5,350
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000 · program services $1,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,783 · program services $2,366 · management and general $417
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $3,568 · program services $3,033 · management and general $535
-
10 · Payroll taxes
total $2,076 · program services $1,765 · management and general $311
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $7,326 · program services $6,227 · management and general $1,099
-
11c · Fees: accounting
total $7,543 · program services $6,412 · management and general $1,131
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $740 · program services $629 · management and general $111
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $802 · program services $682 · management and general $120
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $6,136 · program services $5,216 · management and general $920
-
17 · Travel
total $15,515 · program services $13,188 · management and general $2,327
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $161 · program services $137 · management and general $24
-
24a · Other expenses: Write-Off of Investment
total $25,188 · program services $21,410 · management and general $3,778
-
24b · Other expenses: Telecom & Internet
total $5,784 · program services $4,916 · management and general $868
-
24c · Other expenses: Education
total $5,512 · program services $4,685 · management and general $827
-
24d · Other expenses: Membership Dues
total $1,449 · program services $1,232 · management and general $217
-
24e · All other expenses
total $1,170 · program services $995 · management and general $175
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $71,879 · end of year $50,799
-
2 · Savings and temporary cash investments
beginning of year $129,051 · end of year $184,279
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,987
-
10b · Land, buildings and equipment: accumulated depreciation
$2,987
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $139,473 · end of year $114,325
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $10,000 · end of year $10,000
-
17 · Accounts payable and accrued expenses
beginning of year $295 · end of year $295
-
27 · Net assets without donor restrictions
beginning of year $350,108 · end of year $359,108
Mission and programs · 2024
Mission
The Underdog Foundation ("the Foundation") works to meet community and environmental needs the cannot be met through simple investments. The interest areas of the Foundation are:- Environment and Conservation- Community Investment- Women's Entrepreneurship- International Community Investment and Community Development.The Foundation achieves its mission through grantmaking, community investments, technical assistance and strategic not-for-profit partnerships.
Activities or mission (Part I)
The Underdog Foundation ("the Foundation") through its grant making, community investment, technical assistance and strategic partnerships provides mentoring and technical expertise to support non-profit organizations doing important work in our communities.
-
The Underdog Foundation's program in 2024 was to provide technical assistance, grants, mentoring and community investments in order to further our charitable mission, all of which is consistent with that of our supported organization. This community development, job creation, strategic partnership and impact/community investment work was the program for 2024.
Expenses $73,893 · Grants $1,000
As filed on the 2024 return.
Listed in Part VII
-
David Berge
President/Sec
- Total calculated
- $0
- Hours/week
- 40
-
Alisa Gravitz
Chairman
- Total calculated
- $0
- Hours/week
- 0.3
-
Drummond Pike
Director
- Total calculated
- $0
- Hours/week
- 0.3
-
Joel Solomon
Director
- Total calculated
- $0
- Hours/week
- 0.3
-
Lauri Thompson
Treasurer
- Total calculated
- $0
- Hours/week
- 0.3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Philanthropy and Social Change · CA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503189349315525
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