Civic Intelligence

Undercurrent Inc

EIN 20-1660757 • 501(c)3 • San Rafael, CA

Profile

EDUCATION

4 MLiss LaneSan Rafael, CA 94901

www.undercurrent.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

6th percentile

-209%

Higher net margin than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-78%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-90%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$214,220

Down $56,510 (-21%) from 2023

Liabilities

Down

$22,295

Down $312 (-1.4%) from 2023

Net Assets

Down

$191,925

Down $56,198 (-23%) from 2023

Revenue

Up

$609,479

Up $155,091 (+34%) from 2023

Expenses

Down

$665,677

Down $740,164 (-53%) from 2023

Net Income

Up

-$56,198

Up $895,255 (+94%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $112,193Liabilities 2011: $0Net Assets 2011: $112,1932011Assets 2012: $179,829Liabilities 2012: $0Net Assets 2012: $179,8292012Assets 2013: $189,310Liabilities 2013: $0Net Assets 2013: $189,3102013Assets 2014: $167,346Liabilities 2014: $0Net Assets 2014: $167,3462014Assets 2015: $131,403Liabilities 2015: $0Net Assets 2015: $131,4032015Assets 2016: $237,120Liabilities 2016: $0Net Assets 2016: $237,1202016Assets 2017: $330,880Liabilities 2017: $0Net Assets 2017: $330,8802017Assets 2018: $95,450Liabilities 2018: $0Net Assets 2018: $95,4502018Assets 2019: $5,408,259Liabilities 2019: $12,238Net Assets 2019: $5,396,0212019Assets 2020: $2,281,863Liabilities 2020: $20,452Net Assets 2020: $2,261,4112020Assets 2021: $5,890,053Liabilities 2021: $12,711Net Assets 2021: $5,877,3422021Assets 2022: $1,237,262Liabilities 2022: $37,686Net Assets 2022: $1,199,5762022Assets 2023: $270,730Liabilities 2023: $22,607Net Assets 2023: $248,1232023Assets 2024: $214,220Liabilities 2024: $22,295Net Assets 2024: $191,9252024

Highlighted filing

2024

Assets$214,220
Liabilities$22,295
Net Assets$191,925

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $264,332Expenses 2011: $183,943Net Income 2011: $80,3892011Revenue 2012: $289,305Expenses 2012: $221,669Net Income 2012: $67,6362012Expenses 2013: $239,6492013Revenue 2014: $231,185Expenses 2014: $253,149Net Income 2014: -$21,9642014Revenue 2015: $224,245Expenses 2015: $260,188Net Income 2015: -$35,9432015Revenue 2016: $460,830Expenses 2016: $355,113Net Income 2016: $105,7172016Revenue 2017: $1,784,869Expenses 2017: $1,691,109Net Income 2017: $93,7602017Revenue 2018: $3,944,683Expenses 2018: $4,180,113Net Income 2018: -$235,4302018Revenue 2019: $3,414,305Expenses 2019: $5,527,156Net Income 2019: -$2,112,8512019Revenue 2020: $2,013,252Expenses 2020: $5,147,862Net Income 2020: -$3,134,6102020Revenue 2021: $8,348,585Expenses 2021: $4,732,654Net Income 2021: $3,615,9312021Revenue 2022: $4,526,811Expenses 2022: $9,204,577Net Income 2022: -$4,677,7662022Revenue 2023: $454,388Expenses 2023: $1,405,841Net Income 2023: -$951,4532023Revenue 2024: $609,479Expenses 2024: $665,677Net Income 2024: -$56,1982024

Highlighted filing

2024

Revenue$609,479
Expenses$665,677
Net Income-$56,198

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.02$0.19$0.61$0.67$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.02$0.25$0.45$1.41$0.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.04$1.20$4.53$9.20$4.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.89$0.01$5.88$8.35$4.73$3.62
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.02$2.26$2.01$5.15$3.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.41$0.01$5.40$3.41$5.53$2.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$3.94$4.18$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.00$0.33$1.78$1.69$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.46$0.36$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.22$0.26$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.23$0.25$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.24
2012Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.29$0.22$0.07
2011Summary only. Only limited summary data is available for this year.$0.11$0.00$0.11$0.26$0.18$0.08
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 2, 2023
Return Version
2021v4.1
Gross Receipts
$4,526,811
Mission and Program Overview

Mission

Education and supporting wild animal, land, ocean, and other environmental protection programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,714,692$930,000▼ $4,784,692
Cash and Non-Interest-Bearing Accounts$128,833$303,668▲ $174,835
Accounts Receivable$44,596$0▼ $44,596
Land, Buildings, and Equipment, Net$1,932$3,594▲ $1,662
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,890,053$1,237,262▼ $4,652,791
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$12,711$37,686▲ $24,975
Total Liabilities$12,711$37,686▲ $24,975
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,806,720$930,000▼ $4,876,720
Net Assets Without Donor Restrictions$70,622$269,576▲ $198,954
Total Net Assets Fund Balance$5,877,342$1,199,576▼ $4,677,766
Total Liabilities and Net Assets / Fund Balance$5,890,053$1,237,262▼ $4,652,791

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,594$3,399$6,993
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kenneth SmithPresidentFT$79,500$79,500

Board Members and Trustees

NameTitle
Michael SmithSecretary
Neil OstergaardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,092,602
Program Service Revenue
$341,866
Investment Income
$92,145
Other Revenue
$198
All Other Contributions
$4,092,602
Change in Net Assets
$-4,677,766

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$1,600,000Fair Market Value (FMV)
Total Noncash Contributions1$1,600,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,526,811
Total Revenue per Audited Statements
$4,526,811
Total Revenue per Form 990
$4,526,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,834,872
Other Expenses$2,281,208
Salaries, Compensation, and Employee Benefits$88,497
Total Fundraising Expense$11,759
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$6,834,872--$6,834,872
Current Officers, Directors, Trustees, and Key Employees$59,625$14,310$5,565$79,500
Information Technology$23,940$5,746$2,234$31,920
Office Expenses$15,766$3,784$1,471$21,021
Fees for Services Other$15,653$3,757$1,460$20,870
Payroll Taxes$4,646$1,115$434$6,195
Insurance$2,945$707$274$3,926
Other Employee Benefits$2,102$504$196$2,802
Depreciation Depletion$1,014$243$95$1,352
Travel$212$51$19$282
Other Expenses$122$29$11$162
Total Functional Expenses$9,155,448$37,370$11,759$9,204,577

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,204,577
Total Expenses per Audited Statements$9,204,577
Total Expenses per Form 990$9,204,577
International Activity

International Summary

Spending
$6,834,872

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProtect African Wildlife-00$6,823,872
IndonesiaProtect Indonesian Wildlife-00$11,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Draft of form 990 provided to all board members for review prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon written request.

Filing and Contact Details

Filer

Filer Name
Undercurrent Inc
EIN
20-1660757
Phone
4154613014
Address
4 MLiss Lane, San Rafael, CA 94901

Signing Officer

Name
Kenneth Smith
Title
President
Signed
2023-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Smith
Formed
2005
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
1

Preparer

Firm
Bunker & Company LLP
Address
4340 Redwood Hwy Suite 117, San Rafael, CA 94903
Preparer
Joseph C Bunker
Phone
4154997661
Raw XML AppendixShowing 400 of 491 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE UNDERCURRENT BOARD OF DIRECTORS HAS EXPANDED THE PURPOSE OF THIS CORPORATION: 1. TO INFORM SCUBA DIVERS ABOUT HEALTH AND SAFETY ISSUES AND DIVING OPPORTUNITIES, WHILE SUPPORTING CONSERVATION PROJECTS IMPORTANT TO DIVERS.2. TO SUPPORT WILD ANIMAL, LAND, OCEAN, AND OTHER ENVIRONMENTAL PROTECTION PROGRAMS BY IDENTIFYING THOSE ORGANIZATIONS WITH EFFECTIVE PROJECTS AND FINANCIAL NEEDS, SEEKING SOURCES FOR SUPPORT, AND HELPING THEM FUND SPECIFIC PROJECTS.IN THE FURTHERANCE OF EDUCATING SCUBA DIVERS ABOUT HEALTH, TRAVEL AND SAFETY ISSUES WORLDWIDE, THE ORGANIZATION PUBLISHED 10 ONLINE NEWSLETTERS TO SUBSCRIBERS, OPERATED A FREE WEB SITE AND SENT OUT 20,000 EMAILS (15,000 TO THE PUBLIC UPON REQUEST). THE NEWSLETTER IS PUBLISHED MONTHLY FOR 11 MONTHS BEGINNING IN JANUARY. THE PUBLICATION IS THE ONLY AD-FREE SCUBA DIVING MAGAZINE FOR DIVERS. UNDERCURRENT PROVIDES SUBSCRIBERS WITH READER REPORTS, EQUIPMENT REVIEWS, DIVING BOOKS AND GUIDES AND OTHER USEFUL INFORMATION REGARDING HEALTH, TRAVEL AND SAFETY ISSUES SPECIFIC TO SCUBA DIVING WORLDWIDE. THE WEB SITE "UNDERCURRENT.ORG" IS DIVIDED INTO TWO AREAS. PUBLIC, AND MEMBERS. THE PUBLIC AREA PROVIDES A SEASONAL PLANNER, TRAVEL INDEX, EQUIPMENT INDEX, HEALTH AND SAFETY ARTICLES, AND OTHER RELATED INFORMATION, ALL AVAILABLE AT NO CHARGE.GRANTS TO THE TIKKI HYWOOD FOUNDATION IN HARARE, ZIMBABWE, SUPPORT THEIR EXTENDED EFFORT TO PROTECT WILD PANGOLINS, THE MOST POACHED MAMMAL IN THE WORLD, BY RESCUING, REHABILITATING AND RELEASING ANIMALS RETRIEVED FROM ILLEGAL TRADE.GRANTS TO THE SOUTH AFRICAN CARE FOR WILD RHINO SANCTUARY AIDS THEIR PROGRAM TO PROTECT 50 WILD RHINOS. THEY ARE DEVELOPING THE EXISTING REHABILITATION CENTER INTO A SECURE STRONGHOLD TO ACCOMMODATE 100 BLACK AND WHITE RHINOS AS A VIABLE AND SECURE BREEDING POPULATION. GRANTS TO THE NATURAL RESOURCE CONSERVATION NETWORK (UGANDA) HELP THEM IMPLEMENT THEIR PARTNERSHIP WITH THE UGANDA WILDLIFE AUTHORITY IN WILDLIFE CRIME LAW ENFORCEMENT. NRCN PROSECUTORS ARE LICENSED TO PRACTICE AS ADVOCATES IN BOTH THE SUPREME COURT OF UGANDA AND SUBORDINATE JUDICIARIES TO PRIVATELY PROSECUTE WILDLIFE CRIMINAL CASES. GRANTS TO THE NATURAL RESOURCE CONSERVATION NETWORK (NRCN) COMBAT WILDLIFE TRAFFICKING IN UGANDA BY INCREASING THE INVESTIGATIVE CAPACITY OF WILDLIFE LAW ENFORCEMENT, AND IN THE LONG RUN, DETER POTENTIAL POACHERS AND TRAFFICKERS. NRCN HAS UNCOVERED COMPLICITY AMONG SEVERAL ERRANT OFFICERS IN THE UGANDA WILDLIFE AUTHORITY, UGANDA PEOPLES DEFENSE FORCE, AND THE UGANDAN POLICE. GRANTS TO THE NAMIBIA NATURE FOUNDATION FUND AND THE ROOIKAT TRUST FOR THEIR CROSS-BORDER AND NATIONAL COUNTER WILDLIFE CRIME SUPPORT PROGRAM, SUPPORT THE PROTECTION OF WILD ANIMALS IN SEVERAL AFRICAN NATIONS, INCLUDING TANZANIA, MALAWI, ZIMBABWE, AND ZAMBIA. GRANT TO THE FRANKFURT ZOOLOGICAL SOCIETY SUPPORTS THE PURCHASE OF A CESSNA AIRPLANE FOR WILDLIFE SURVEILLANCE IN THE GONAREZHOU NATIONAL PARK IN ZIMBABWE.GRANT TO THE LILONGWE WILDLIFE TRUST IN MALAWI SUPPORTS INVESTIGATIONS INTO THE ILLICIT POACHING AND SMUGGLING TRADES.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Indonesia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Protect African Wildlife
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Protect Indonesian Wildlife
IRS990ScheduleF/BoycottCountriesInd0false
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt6Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt7Wire Trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt8Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt9Wire trans.
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt11Wire trans.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Protect Wildlife
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Protect Wildlife
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Protect Wildlife
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt7Protect Wildlife
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt8Protect Wildlife
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0E. Asia Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1E. Asia Pacific
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0A representative of the grantors to Undercurrent makes two to three trips a year to Africa to review programs. Each grantee is required to provide semiannual reports on their activities and to submit their independent audits.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
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