Public Charity

ALT FINANCE CORPORATION

ALT FINANCE CORPORATION is a Public Charity headquartered in CULVER CITY, CA. Financial data from the 2024 filing: $9.5M revenue, $9.2M expenses, $14.1M total assets. 4 publicly reported grants to this organization, totaling roughly $12.0M, appear in IRS filings.

EIN: 863974526 CULVER CITY, CA Leadership Development NTEE: W70 Latest filing: 2024
Total Revenue$9.5M
Total Expenses$9.2M
Total Assets$14.1M
Grant Records4
Funding Total$12.0M
Filing Years2022–2024

Mission

INVESTING IN BLACK FUTURES BY PROVIDING A CLEAR PATHWAY TO STUDENTS AT PARTNERING HBCU'S INTO CAREERS IN THE ALTERNATIVE INVESTMENT INDUSTRY. PARTICIPATING HBCU STUDENTS WILL RECEIVE ACCESS TO EDUCATION, TRAINING, MENTORSHIP, SCHOLARSHIP FUNDING, INTERNSHIPS, AND FULL-TIME CAREER OPPORTUNITIES IN THE INDUSTRY.

Where $100 goes at Alt Finance Corporation

How Alt Finance Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.

$96 Programs the work itself
$4 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $96 for programs

$42
Altfinance fellowship program
43% of program spending · Reported in the filing: 118 students
$30
Scholarship program
31% of program spending · Reported in the filing: 60 students; 2,800 students
$23
Altfinance institute
25% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
$3,000,000
2023
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES
$4,500,000
2022
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES
$1,500,000
2021
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO LEARN SKILLS NECESSARY TO ENTER INTO AND SUCCEED IN THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY, AND SUPPORT GENERAL OPERATIONS OF THE ALT FINANCE FOUNDATION.
$3,000,000

Showing up to 5 of 4 total records — full history available with membership.

Officers & Directors

DIRECTOR Eddie Keith Iii
TREASURER Heather Berger
SECRETARY Jerilyn Mcaniff
VICE-CHAIR, CHAIR (AS OF MAY 2024) / VICE-PRESIDENT Jonathan B Simon
VICE-PRES. OF STRATEGY AND OPERATION / V-P, STRATEGY AND OPERATION Leslie Espy
EXECUTIVE DIRECTOR / PRESIDENT AND C.E.O. Marcus Shaw

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$12,000,000 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $9.5M $9.2M $14.1M
2023 $9.0M $5.5M $15.0M
2022 $9.0M $6.7M $11.0M

Between 2022 and 2024, reported annual revenue grew from $9.0M to $9.5M (+5%), with total assets most recently reported at $14.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for ALT FINANCE CORPORATION

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