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USIT FOUNDATION

EIN 81-2766893 HOUSTON, TX

Browse the largest nonprofits in Texas

Revenue 2022
$171,909
Expenses 2022
$150,432

Program services were 97.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B84
Classification
2000
Street
2906 FAIRHOPE ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2022

Mission

The Foundation supports the USIT student organization and engages its alumni to promote personal and professional growth through active charitable giving.

Activities or mission (Part I)

We develop undergraduate students to critically assess the world and apply their analysis in investing data science and philanthropy

  • Regranting of funds to high-impact charity partners based on extensive research and analysis.

    Expenses $99,645 · Grants $99,645 · Revenue $122,565

  • Educational and interactive student organization to promote personal, occupational, and academic growth through active securities investing.

    Expenses $50,787 · Revenue $49,344

As filed on the 2022 return.

Officers and directors · 2022

As listed in Part VII of the 2022 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Harvey D Powers

    Trustee

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2022
    Revenue
    $171,909
    Expenses
    $150,432
    Contributions
    $148,565
    Grants paid
    $99,645

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990-EZ

    Revenue
    $75,988
    Expenses
    $54,412
    Assets (EOY)
    $118,942

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2020

Tax period
1 September 2020 to 31 August 2021
Principal officer
Harvey Powers
Mailing address
2906 FAIRHOPE STHOUSTON TX 77025
Website
www.usitfoundation.org

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2022, the newest we have parsed for this organization.