Rita Mallett Blasser Foundationinc

Private foundation · Grantmaker Houston, TX EIN: 87-4053574

Rita Mallett Blasser Foundationinc is a private foundation, based in Houston, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 7 grants totaling $67K. Net investment income was $91K.

Key facts about Rita Mallett Blasser Foundationinc

In short: Rita Mallett Blasser Foundationinc gave $67K across 7 grants in 2024 (avg $10K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
87-4053574
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$67,000
Grants made (2024)
7
Average grant
$9,571
Median grant
$10,000
Total assets
$1,112,391
Primary geography
Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

+0.4% YoY

Annual Giving

$67K

+34.0% YoY

Grant Count

7

+40.0% YoY

Avg Grant Size

$10K

-4.3% YoY

Under IRS private-foundation payout rules, Rita Mallett Blasser Foundationinc reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.

How Rita Mallett Blasser Foundationinc gives

  • In 2024 it paid out 126% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

HoustonDallasAustinCommerceNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K0 grants2021 0 grants2022 5 grants2023 7 grants2024

From 2023 to 2024, annual grant giving ranged from $50K (2023) to $67K (2024). In 2024 it made 7 grants totaling $67K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Tea Fund: $20KTea Fund$20KMildred's Umbrella: $10KMildred's Umbrella$10KEnsemble Theatre: $10KEnsemble Theatre$10KHouston Youth Symphony: $10KHouston Youth Symphony$10KInprint Inc: $7KInprint Inc$7KDress for Success Houston: $5KDress for Success Houston$5KWriters in the Schools: $5KWriters in the Schools$5K

The largest 2024 recipient was Tea Fund ($20K). Together the top 7 received $67K.

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 12 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Tea Fund Dallas, TXHealthcare Support$20,000
Mildred's Umbrella Houston, TXFine Arts Support$10,000
Ensemble Theatre Houston, TXFine Arts Support$10,000
Houston Youth Symphony Houston, TXFine Arts Support$10,000
Inprint Inc Houston, TXLiterary Support$7,000
Dress for Success Houston Houston, TXWomen's Professional Support$5,000
Writers in the Schools Houston, TXLiterary Support$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2021 2022 2023 2024
Metric202420232022
Total Assets$1,112,391$1,107,704$700
Revenue$101,985$1,137,053$1,000
Expenses$153,482$88,286$300
Qualifying Distributions$67,000$50,000—
Net Investment Income$91,473$65,620—
Distributable Amount$53,217——

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Rita Mallett Blasser Foundationinc's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Lisa Lax

    Director

    President → Director, 2023

    On filings since 2021

    6 hrs/week

    $21K (2023) → $60K (2024)

  • Susan Baird

    Director

    Treasurer → Director, 2023

    On filings since 2021

    1 hr/week

    $533 (2023) → $2K (2024)

Former officers (1)
  • Former: Amy Mallett (2021–2023) — Director

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Lisa Lax — Director: $60KLisa LaxDirector$60KSusan Baird — Director: $2KSusan BairdDirector$2K

The highest reported compensation on the 2024 filing was $60K, to Lisa Lax (Director). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Rita Mallett Blasser Foundationinc

How much does Rita Mallett Blasser Foundationinc give each year?

Rita Mallett Blasser Foundationinc gave $67K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 5 grants.

What is Rita Mallett Blasser Foundationinc's typical grant size?

Rita Mallett Blasser Foundationinc's median grant in 2024 was $10,000, and its average grant was $9,571, across 7 grants on its 2024 IRS Form 990-PF.

Where does Rita Mallett Blasser Foundationinc give grants?

Rita Mallett Blasser Foundationinc gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Houston, TX (6 grants).

Does Rita Mallett Blasser Foundationinc give general operating support?

Not in 2024: none of the 7 grants with a stated purpose on Rita Mallett Blasser Foundationinc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Fine Arts Support" (3 grants).

Who are Rita Mallett Blasser Foundationinc's largest grantees?

Rita Mallett Blasser Foundationinc's largest 2024 grantees include Tea Fund ($20,000), Mildred's Umbrella ($10,000) and Ensemble Theatre ($10,000), according to its 2024 IRS Form 990-PF. Together they received 60% of its itemized 2024 grant dollars.

How large is Rita Mallett Blasser Foundationinc?

Rita Mallett Blasser Foundationinc reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $67K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets).

What is Rita Mallett Blasser Foundationinc's EIN?

Rita Mallett Blasser Foundationinc's EIN (Employer Identification Number) is 87-4053574. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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