Nonprofit · EIN 88-1204722
1921 INSTITUTE INC
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $91,168 | $86,073 | $5,095 | $17,870 | $72,036 | -$54,166 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $91,168
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,533
- Accounting fees
- $500
- Travel
- $22,829
- Program services (functional)
- $43,404
- Management and general (functional)
- $3,832
- Fundraising (functional)
- $38,837
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $17,870
- Total liabilities, end of year
- $72,036
- Net assets, end of year
- -$54,166
- Gross receipts
- $91,168
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- TX
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Gray | Treasurer Trustee or director, Officer | 6 | $0 |
| Paul Cannings Jr | Chairman Trustee or director, Officer | 55 | $0 |
| Elizabeth Munson | Vice Chairman Trustee or director, Officer | 6 | $0 |
| Frazier Wilson | Secretary Trustee or director, Officer | 4 | $0 |
| Ben Duster | Director Trustee or director | 4 | $0 |
| Karen Kerr | Director Trustee or director | 4 | $0 |
| Mark Walsh | Director Trustee or director | 4 | $0 |
| Greg McCray | Director Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1601 ELM ST STE 4360, DALLAS, TX 75201-7268
- In care of
- % STEVE GRAY
- Mailing address (990-N for 2023)
- 2700 Post Oak Blvd 20th Floor, Houston TX 77056
- Principal officer (990 for 2024)
- Steve Gray, 1601 Elm Street Ste 4360, Dallas, TX 75201
- Principal officer (990-N for 2023)
- Paul Cannings, 2700 Post Oak Blvd 20th Floor, Houston TX 77056
- Signed the 990
- STEVE GRAY, Co-Founder
- Phone
- (650) 302-8739
- Return prepared by
- Thomas PM Perry CPA LLC
Mission
The primary mission of The 1921 Institute is to build a trusted fellowship, network and community of asset allocators including Black and other underrepresented classes of asset managers in order to drive additonal capital allocation to those constituents.
Program accomplishments
- The 1921 Institute has successfully developed relationships with several major asset allocators who have committed to participate with The Institute in furthering this mission. Many have joined The Institutes Advisory Board. Through the Institutes events, capital has also been invested in asset managers within the community and the entrepreneurs in their portfolio.Expenses $43,404 · revenue $67,721
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 88-1204722
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $17,870
- Income (IRS master file)
- $91,168
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $91,168 | $86,073 | $17,870 | XML |
| 990-N for 2023 Officer: Paul Cannings | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Paul Cannings | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-1204722).
Questions about 1921 INSTITUTE INC
- What is the EIN of 1921 INSTITUTE INC?
- The employer identification number (EIN) of 1921 INSTITUTE INC is 88-1204722.
- Is 1921 INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to 1921 INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1921 INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 1921 INSTITUTE INC 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 1921 INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 1921 INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names Steve Gray.
- Who are the officers and directors of 1921 INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does 1921 INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $91,168, expenses of $86,073 and total assets of $17,870 at year end.
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All nonprofits in DALLAS · Texas · Community improvement and capacity building