Collective Gain Foundation Inc

Private foundation · Grantmaker Austin, TX EIN: 87-1959698

Collective Gain Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in Austin, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $118K in total assets. In 2024, it awarded 2 grants totaling $5K. Net investment income was $102.

Key facts about Collective Gain Foundation Inc

In short: Collective Gain Foundation Inc gave $5K across 2 grants in 2024 (avg $3K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
87-1959698
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$5,320
Grants made (2024)
2
Average grant
$2,660
Median grant
$2,660
Total assets
$118,305
Primary geography
Texas (81% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$118K

-50.1% YoY

Annual Giving

$5K

-66.8% YoY

Grant Count

2

-50.0% YoY

Avg Grant Size

$3K

-33.5% YoY

Under IRS private-foundation payout rules, Collective Gain Foundation Inc reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

How Collective Gain Foundation Inc gives

  • In 2024 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

AustinSan ClementeBristolHouston

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2021 3 grants2022 4 grants2023 2 grants2024

From 2022 to 2024, annual grant giving ranged from $5K (2024) to $24K (2022). In 2024 it made 2 grants totaling $5K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Movonte LLC: $4KMovonte LLC$4KBristol Elementary: $1KBristol Elementary$1K

The largest 2024 recipient was Movonte LLC ($4K). Together the top 2 received $5K.

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 9 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Movonte LLC Houston, TXJira Software$4,320
Bristol Elementary Bristol, VTEducation$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2021 2022 2023 2024
Metric202420232022
Total Assets$118,305$237,030$253,055
Revenue$612—$35,000
Expenses$115,960$26,422$32,133
Qualifying Distributions$6,320$70,500$32,133
Net Investment Income$102$10,000—
Distributable Amount$7,333$10,716$11,411

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Collective Gain Foundation Inc is led by Christian Lane, President since 2024 (on filings since 2021); 1 of 7 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Christian Lane

    President

    President → Chairman, 2023

    Chairman → President, 2024

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Wesley Griffin

    Director

    New on the 2024 filing

    2 hrs/week

    $90K (2024)

  • Patrick Lane

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Chelsea Davis

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • David Johnson

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Judson Sutherland

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Joseph Lane

    Secretary & Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Jonathan Lane (2021–2022) — Director

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Wesley Griffin — Director: $90KWesley GriffinDirector$90K

The highest reported compensation on the 2024 filing was $90K, to Wesley Griffin (Director).

Frequently asked questions about Collective Gain Foundation Inc

How much does Collective Gain Foundation Inc give each year?

Collective Gain Foundation Inc gave $5K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16K across 4 grants.

How large is Collective Gain Foundation Inc?

Collective Gain Foundation Inc reported $118K in total assets on its 2024 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Collective Gain Foundation Inc?

Collective Gain Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in Austin, TX. It holds $118K in total assets as of 2024.

Where does Collective Gain Foundation Inc operate?

Collective Gain Foundation Inc has awarded grants in California, Texas, Vermont.

What is Collective Gain Foundation Inc's EIN?

Collective Gain Foundation Inc's EIN (Employer Identification Number) is 87-1959698. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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