The Foundation supports the USIT student organization and engages its alumni to promote personal and professional growth through active charitable giving.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$145K
+22.1% YoY
Annual Giving
$91K
Grant Count
5
Avg Grant Size
$18K
About USIT Foundation
Based on IRS filings
USIT Foundation is a nonprofit organization focused on Education, based in HOUSTON, TX. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $145K in total assets. In 2023, it awarded 5 grants totaling $91K. Net investment income was $622.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 |
|---|---|---|
| Total Assets | $145,223 | $118,942 |
| Revenue | $171,909 | $75,988 |
| Expenses | $150,432 | $54,412 |
| Qualifying Distributions | — | — |
| Net Investment Income | $622 | — |
| Distributable Amount | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2023
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Rehabilitation Enables Dre ($26,667), Inside Circle ($23,294), Moneythink USA ($22,192).
| Recipient | Purpose | Amount |
|---|---|---|
| Prison Entrepreneur Prgram Houston, TX | Unrestricted funds | $8,850 |
| Prison Scholars Fund Seattle, WA | Unrestricted funds | $10,000 |
| Inside Circle Sacramento, CA | Unrestricted funds | $23,294 |
| Rehabilitation Enables Dre Atlanta, GA | Unrestricted funds | $26,667 |
| Moneythink USA Chicago, IL | Unrestricted funds | $22,192 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HARVEY D POWERS | Trustee | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is USIT Foundation?
USIT Foundation is a nonprofit organization focused on Education, based in HOUSTON, TX. It holds $145K in total assets as of 2023.
How large is USIT Foundation?
As of 2023, USIT Foundation holds $145K in total assets with $172K in annual revenue. It awarded 5 grants totaling $91K in 2023.
Where does USIT Foundation operate?
USIT Foundation has awarded grants in California, Georgia, Illinois, Texas, Washington.
What size grants does USIT Foundation award?
In 2023, USIT Foundation awarded 5 grants totaling $91K — an average of about $18K per grant, based on its IRS Form 990 filings.
What is USIT Foundation's EIN?
USIT Foundation's EIN (Employer Identification Number) is 81-2766893. IRS Form 990 filing data is available on this page for 2022–2023.
Explore Open Grants
Browse active grant opportunities in USIT Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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