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 five in-person workshops a year.
Grants made by Alt Finance Corporation
Who funds Alt Finance Corporation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Ares Charitable Foundation | 2023-12 | Support Programs for Students and Graduates of Historically Black Colleges and Universities | $4,500,000 |
Personnel at Alt Finance Corporation
| Name | Title | Compensation | Date of data |
|---|
| Marcus Shaw | Chief Executive Officer and President | $274,030 | 2024-03-24 |
| Leslie Espy | Vice President of Strategy | $147,006 | 2024-03-24 |
| Leslie Serves | Vice President of Strategy and | | 2023-06-25 |
| Rachel Ward | Vice President of Programs and Partnerships | $117,068 | 2024-03-24 |
| Jerilyn McAniff | Board Member | $0 | 2023-06-25 |
| ...and 1 more key personnel |
Financials for Alt Finance Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $9,005,000 | $9,006,017 | 0% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $9,005,000 | $9,006,017 | 0% |
Organizations like Alt Finance Corporation
| Organization | Type | Location | Revenue |
|---|
| Arete Scholars Louisiana | 501(c)(3) | Dacula, GA | $9,238,365 |
| Hope Chicago | 501(c)(3) | Chicago, IL | $10,716,166 |
| Rockford Promise | 501(c)(3) | Rockford, IL | $2,437,043 |
| JA Africa | 501(c)(3) | Boston, MA | $3,635,334 |
| New Orleans Culinary and Hospitality Institute | 501(c)(3) | New Orleans, LA | $4,161,067 |
| Bluum | 501(c)(3) | Boise, ID | $8,624,909 |
| Brockton Area Workforce Investment Board (BAWIB) | 501(c)(3) | Brockton, MA | $5,570,942 |
| Wisconsin Early Childhood Association | 501(c)(3) | Fitchburg, WI | $32,628,472 |
| Digital Harbor Foundation | 501(c)(3) | Baltimore, MD | $29,943,885 |
| High Rocks | 501(c)(3) | Hillsboro, WV | $6,131,836 |
Data update history
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
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
Tax deductible donationsAccepts online donations
General information
- Address
- 800 Corporate Pointe 300
- Culver City, CA 90230
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- Website URL
- altfinance.com/Â
- 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
California AB-488 details
- AB 488 status
- May Not Operate or Solicit for Charitable Purposes
- Charity Registration status
- Delinquent
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0279355
- FTB Entity ID
- 4817246
- AB 488 data last updated ("as-of") date
- 2025-01-15
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