EIN 86-3974526

Alt Finance Corporation

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
2021
Most recent tax filings
2022-12-01
Description
Alt Finance Corp provides scholarships, training, and mentorship for HBCU students pursuing careers in alternative investments to uplift Black futures.
Total revenues
$9,006,017
2022
Total expenses
$6,690,528
2022
Total assets
$10,989,237
2022
Num. employees
3
2022

Program areas at Alt Finance Corporation

Scholarship program - this program provides need-based and merit-based scholarships for altfinance fellows, in addition to institutional grants for the organization's partner hbcu's. Nearly 60 students received scholarships, and 2,800 students were impacted by the institutional investment.
Altfinance institute - the institute provides co-curricular learning opportunities to all interested hbcu students to increase awareness, support interest, and create pathways to alternative investment careers. Many of the institute ambassadors meet in person once a year.
Altfinance fellowship program - this program services 118 students by providing them with training, mentorship, career coaching, and scholarships. The organization hosts 5 in-person workshops a year.

Grants made by Alt Finance Corporation

GranteeGrant descriptionAmount
United Negro College FundScholarships$1,207,500
Morehouse CollegeScholarships$500,020
Spelman CollegeScholarships$500,000
...and 2 more grants made

Who funds Alt Finance Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ares Charitable FoundationSupport Programs for Students and Graduates of Historically Black Colleges and Universities$1,500,000

Personnel at Alt Finance Corporation

NameTitleCompensation
Marcus ShawExecutive Director$274,030
Leslie EspyVice President of Strategy and Operations$147,006
Leslie ServesVice President of Strategy and
Rachel WardVice President of Programs and Partnerships$117,068
Trey PruittBoard Member$0
...and 1 more key personnel

Financials for Alt Finance Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$9,006,017
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,006,017

Form 990s for Alt Finance Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
Data update history
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Received grants
Identified 1 new grant, including a grant for $1,500,000 from Ares Charitable Foundation
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 10 new personnel
May 22, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
Provides grantsProvides scholarshipsTax deductible donations
General information
Address
800 Corporate Pointe 300
Culver City, CA 90230
Metro area
Los Angeles-Long Beach-Anaheim, CA
Website URL
altfinance.com/ 
Phone
(919) 699-0778
IRS details
EIN
86-3974526
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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