Mission
The Foundation supports the USIT student organization and engages its alumni to promote personal and professional growth through active charitable giving.
Public Charity
USIT Foundation
Based in Houston, TX, USIT Foundation operates as a Public Charity. The organization reported $172K in revenue, $150K in expenses, $145K in total assets for fiscal year 2023. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $13K.
EIN: 812766893
Houston, TX
Alumni Associations
NTEE: B84
Latest filing: 2023
Total Revenue$172K
Total Expenses$150K
Total Assets$145K
Grant Records3
Funding Total$13K
Filing Years2022–2023
Where $100 goes at USIT Foundation
How USIT Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 2 years.
$97
Programs
the work itself
$3
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $97 for programs
$64
Regranting of funds to high-impact charity partners based on extensive research and analysis
$33
Educational and interactive student organization to promote personal, occupational, and academic growth through active securities investing
Source: Form 990 filings with the IRS, latest fiscal year 2023. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$6,279
GENERAL SUPPORT
$6,279
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
Trustee
Harvey D Powers
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $172K | $150K | $145K |
| 2022 | $76K | $54K | $119K |
Between 2022 and 2023, reported annual revenue grew from $76K to $172K (+126%), with total assets most recently reported at $145K.
Interactive year-over-year charts and full filing details available with membership.