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EIN 81-2766893

USIT Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Houston
State
Texas
Year formed
2016
Most recent tax filings
2023-08-01
NTEE code, primary
B84: Alumni Associations
Description
The USIT Foundation promotes critical assessment among undergraduate students, enabling them to apply their analysis in investing, data science, and philanthropy. The Foundation supports the USIT student organization while engaging alumni to foster personal and professional growth through active charitable giving. It creates an educational and interactive environment that enhances personal, occupational, and academic development through securities investing. Additionally, it regrants funds to high-impact charity partners based on extensive research and analysis.
Total revenues
$171,909
2023
Total expenses
$150,432
2023
Total assets
$145,223
2023
Num. employees
0
2023

Program areas at USIT Foundation

Regranting of funds to high-impact charity partners based on extensive research and analysis.
Educational and interactive student organization to promote personal, occupational, and academic growth through active securities investing.

Grants made by USIT Foundation

GranteeGrant descriptionAmount
Rehabilitation Enables Dreams (RED)Unrestricted Funds$26,667
Inside-Outside Circle FoundationUnrestricted Funds$23,294
MoneythinkUnrestricted Funds$22,192
...and 2 more grants made

Who funds USIT Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Villa Family FoundationEducation$10,000
JP Morgan Chase FoundationGeneral Operating Support$1,700
AmazonSmile FoundationGeneral Support$75

Personnel at USIT Foundation

NameTitleCompensation
Harvey D PowersTrustee$0

Financials for USIT Foundation

RevenuesFYE 08/2023
Total grants, contributions, etc.$148,565
Program services$22,722
Investment income and dividends$622
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$171,909

Form 990s for USIT Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-082024-08-09990View PDF
2022-082024-08-02990EZView PDF
Data update history
September 30, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 27, 2024
Posted financials
Added Form 990EZ for fiscal year 2022
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Villa Family Foundation
July 22, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from Villa Family Foundation
April 1, 2023
Posted financials
Added Form 990N for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCivic / social organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
2906 Fairhope St
Houston, TX 77025
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
Website URL
usitfoundation.org/ 
Phone
(512) 522-4411
IRS details
EIN
81-2766893
Fiscal year end
August
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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