Nonprofit · EIN 87-1959698
COLLECTIVE GAIN FOUNDATION
Tax-exempt · AUSTIN, TX 78704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $612 | $115,960 | -$115,348 | $118,305 | $304 | $118,001 |
| December 31, 2023 | 990-PF | $0 | $26,422 | -$26,422 | $237,030 | $3,681 | $233,349 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $510
- Interest
- $102
Expenses
- Grants and similar amounts paid
- $6,320
- Compensation of officers, directors and key employees
- $90,000
- Disbursements for charitable purposes
- $6,320
- Excise tax on investment income
- $1
Balance sheet and other
- Total assets, start of year
- $237,030
- Total assets, end of year
- $118,305
- Total liabilities, end of year
- $304
- Net assets, end of year
- $118,001
- Fair market value of assets
- $118,305
- Qualifying distributions
- $6,320
- Net investment income
- $102
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WESLEY GRIFFIN 1900 BARTON SPRINGS 4001, AUSTIN, TX 78704 | DIRECTOR | 2 | $90,000 |
| DAVID JOHNSON 1900 BARTON SPRINGS 4001, AUSTIN, TX 78704 | DIRECTOR | 1 | $0 |
| JUDSON SUTHERLAND 1900 BARTON SPRINGS 4001, AUSTIN, TX 78704 | DIRECTOR | 1 | $0 |
| CHRISTIAN LANE 1900 BARTON SPRINGS NO 4001, AUSTIN, TX 78704 | PRESIDENT | 2 | $0 |
| JOSEPH LANE 1900 BARTON SPRINGS NO 4001, AUSTIN, TX 78704 | SECR/TREAS | 1 | $0 |
| PATRICK LANE 1900 BARTON SPRINGS NO 4001, ROUND ROCK, TX 78681 | DIRECTOR | 1 | $0 |
| CHELSEA DAVIS 1900 BARTON SPRINGS NO 4001, AUSTIN, TX 78704 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN LANE 14183 RUNNING DEER TRL, AUSTIN, TX 78734 | CHAIRMAN | 2 | $0 |
| JOSEPH LANE 1910 ROMERIA DR, AUSTIN, TX 78757 | SECR/TREAS | 1 | $0 |
| PATRICK LANE 4008 CHERT, ROUND ROCK, TX 78681 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 BARTON SPRINGS RD UNIT 4001, AUSTIN, TX 78704-1346
- Signed the 990-PF
- CHRISTIAN LANE, CHAIRMAN
- Phone
- (512) 200-2663
- Website
- thecollectivegain.org
- Return prepared by
- Schulze and Associates Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-1959698
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $118,305
- Income (IRS master file)
- $612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $612 | $115,960 | $118,305 | IRS |
| 990-PF | December 2023 | $0 | $26,422 | $237,030 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1959698).
Questions about COLLECTIVE GAIN FOUNDATION
- What is the EIN of COLLECTIVE GAIN FOUNDATION?
- The employer identification number (EIN) of COLLECTIVE GAIN FOUNDATION is 87-1959698.
- Is COLLECTIVE GAIN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to COLLECTIVE GAIN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COLLECTIVE GAIN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COLLECTIVE GAIN FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLLECTIVE GAIN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of COLLECTIVE GAIN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $90,000 (WESLEY GRIFFIN, DIRECTOR).
- How much revenue does COLLECTIVE GAIN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $612, expenses of $115,960 and total assets of $118,305 at year end.
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