Civic Intelligence

Usit Foundation

990EZ • Fiscal year 2022 • EIN 81-2766893

Sep 01, 2021 to Aug 31, 2022 • Filed on Aug 02, 2024

Organization Profilewww.usitfoundation.org
2906 Fairhope StHouston, TX 77025

(512) 522-4411

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Net Margin

71st percentile

28%

Higher net margin than 71% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$0

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B84 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets66th percentile

Assets

$118,942

No earlier filing loaded for comparison.

Net Assets

$133,638

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin71st percentile

Revenue

$75,988

No earlier filing loaded for comparison.

Expenses

$54,412

No earlier filing loaded for comparison.

Net Income

$21,576

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2022: $118,942Liabilities 2022: $0Net Assets 2022: $133,6382022

Highlighted filing

2022

Assets$118,942
Liabilities$0
Net Assets$133,638
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80K$60K$40K$20K$0Revenue 2022: $75,988Expenses 2022: $54,412Net Income 2022: $21,5762022

Highlighted filing

2022

Revenue$75,988
Expenses$54,412
Net Income$21,576
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Aug 2, 2024
Return Version
2021v4.2
Gross Receipts
$75,988
Mission and Program Overview

Mission

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

Educational and analytical training via philanthropy

Program Services

DescriptionGrantsExpenses
To engage students in an educational and interactive atmosphere that promotes personal occupational and academic growth through active securities investing-$54,412
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
HARVEY D POWERSTrusteePT$0--
Filing and Contact Details

Filer

Filer Name
USIT Foundation
EIN
81-2766893
In Care Of
% Harvey D Powers
Phone
5125224411
Address
2906 Fairhope St, Houston, TX 77025

Signing Officer

Name
Harvey D Powers
Title
Trustee
Phone
5125224411
Signed
2024-08-02
Supplemental Narrative

Additional Explanations

Part I Line 16

“Conferences, conventions, and meetings $54412.00”

Raw XML Appendix116 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0HARVEY D POWERS
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0No compensation
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0HARVEY D POWERS
IRS990EZ/BooksInCareOfDetail/PhoneNum05125224411
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02906 Fairhope St
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Houston
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd077025
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0112062
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0118942
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt060454
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt021576
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0112062
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0118942
IRS990EZ/GrossReceiptsAmt075988
IRS990EZ/InvestmentIncomeAmt0372
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0112062
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0133638
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0112062
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0118942
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0HARVEY D POWERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt054412
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Educational and analytical training via philanthropy
IRS990EZ/ProgramServiceRevenueAmt015162
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To engage students in an educational and interactive atmosphere that promotes personal occupational and academic growth through active securities investing
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt054412
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt054412
IRS990EZ/TotalProgramServiceExpensesAmt054412
IRS990EZ/TotalRevenueAmt075988
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.usitfoundation.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt065684
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt044241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0185541
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0372
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0282
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0654
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0185541
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075616
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt065684
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt044241
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0185541
IRS990ScheduleA/TotalSupportAmt0186195
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Conferences, conventions, and meetings $54412.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 16
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HARVEY D POWERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum05125224411
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0USIT Foundation
ReturnHeader/Filer/BusinessNameControlTxt0USIT
ReturnHeader/Filer/EIN0812766893
ReturnHeader/Filer/InCareOfNm0% Harvey D Powers
ReturnHeader/Filer/PhoneNum05125224411
ReturnHeader/Filer/USAddress/AddressLine1Txt02906 Fairhope St
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077025
ReturnHeader/ReturnTs02024-08-02T16:13:24-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,942
Liabilities
$0
Net assets
$133,638
Revenue
$75,988
Expenses
$54,412
Net income
$21,576
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.34$0.76$0.54$0.22