2025-12-10T10:33:16-06:00 2024-12-31 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2024-01-01 863974526 ALT FINANCE CORPORATION ALTF 9196990778 1800 AVENUE OF THE STARS 1400 LOS ANGELES CA 900674216 MARCUS SHAW PRESIDENT AND C.E.O. 9196990778 2025-12-10 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2024 2025-03-06 01:10:19Z X X MARCUS SHAW 1800 AVENUE OF THE STARS 1400 LOS ANGELES CA 900674216 9458011 0 X WWW.ALTFINANCE.COM X 2021 CA ALT FINANCE CORPORATION ("ALTFINANCE") IS COMMITTED TO BUILDING AND EXPANDING PATHWAYS FOR STUDENTS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ("HBCU'S") WHO ENTER THE ALTERNATIVE INVESTMENT INDUSTRY. BY PROVIDING HBCU COMMUNITIES WITH ACCESS TO SPECIALIZED CURRICULUM, VALUABLE NETWORKS, AND SUSTAINABLE FINANCIAL SUPPORT, ALTFINANCE OPENS PATHWAYS FOR HBCU TALENT TO PURSUE CAREERS IN INVESTING. THROUGH INDUSTRY-FOCUSED EDUCATION, EXPOSURE, AND HANDS-ON EXPERIENCE, ALTFINANCE EQUIPS STUDENTS WITH THE TOOLS FOR SUCCESS. 7 6 8 0 0 0 9005000 9000000 0 0 0 458011 0 0 9005000 9458011 829210 2233496 0 0 961846 1429193 0 0 0 3679249 5560422 5470305 9223111 3534695 234900 14973383 14068910 1762069 622696 13211314 13446214 X ALTFINANCE IS COMMITTED TO BUILDING AND EXPANDING PATHWAYS FOR HBCU STUDENTS WHO ENTER THE ALTERNATIVE INVESTMENT INDUSTRY. BY PROVIDING HBCU COMMUNITIES WITH ACCESS TO SPECIALIZED CURRICULUM, VALUABLE NETWORKS, AND SUSTAINABLE FINANCIAL SUPPORT, ALTFINANCE OPENS PATHWAYS FOR HBCU TALENT TO PURSUE CAREERS IN INVESTING. THROUGH INDUSTRY-FOCUSED EDUCATION, EXPOSURE, AND HANDS-ON EXPERIENCE, ALTFINANCE EQUIPS STUDENTS WITH THE TOOLS FOR SUCCESS. 0 0 2773674 2233496 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. 3842759 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. 2167085 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. 96705 THE LAMPLIGHTER SERIES IS A REGIONAL SALON INITIATIVE DESIGNED TO CONNECT ALTFINANCE'S ECOSYSTEM OF HBCU'S, PARTNER FIRMS, AND INDUSTRY LEADERS WHILE ELEVATING AWARENESS OF ALTFINANCE'S MISSION. EACH EVENT SERVES AS AN INTIMATE, HIGH-IMPACT GATHERING TO SHOWCASE ADVISORY BOARD MEMBERS, ENGAGE LP'S, AND STRENGTHEN RELATIONSHIPS ACROSS REGIONS. THESE SMALLER, CURATED EVENTS ARE TAILORED TO EACH LOCATION'S COMMUNITY AND ALUMNI PRESENCE, FEATURING HBCU PRESIDENTS, FIRM LEADERS, AND OTHER INFLUENTIAL VOICES AS SPEAKERS. THE FORMAT ENCOURAGES MEANINGFUL NETWORKING AND THOUGHT LEADERSHIP. 96705 8880223 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA NY X MARCUS SHAW 9196990778 1800 AVENUE OF THE STARS SUITE 1400 LOS ANGELES CA 900674216 TREY PRUITT CHAIR 1.00 X X 0 0 0 JONATHAN B SIMON VICE-CHAIR, CHAIR (AS OF MAY 2024) 1.00 X X 0 0 0 HEATHER BERGER TREASURER 1.00 X X 0 0 0 JERILYN MCANIFF SECRETARY 1.00 X X 0 0 0 MICHELLE ARMSTRONG DIRECTOR 1.00 X 0 0 0 MILWOOD HOBBS JR DIRECTOR 1.00 X 0 0 0 MARCUS SHAW PRESIDENT AND C.E.O. 40.00 X X 445000 0 0 EDDIE KEITH III DIRECTOR 1.00 X 0 0 0 RACHEL WARD V-P, PROGRAMS AND PARTNERSHIPS 40.00 X 189276 0 0 LESLIE ESPY V-P, STRATEGY AND OPERATION 40.00 X 179863 0 0 TULANI THOMAS CHIEF OF STAFF 40.00 X 151260 0 0 965399 0 0 4 0 1 0 MANAGEMENT LEADERS FOR TOMORROW 1331 L ST NW 6TH FLOOR WASHINGTON DC 20005 DEVELOP, PLAN, AND LAUNCH EVENTS 2286973 WHARTON SCHOOL OF UNIV OF PENNSYLVANIA 3620 LOCUST WALK PHILADELPHIA PA 19104 EDUCATION SERVICES 1560439 WILBRON INDUSTRIES LLC 2101 6TH AVENUE NORTH SUITE 1175 BIRMINGHAM AL 35203 MARKETING AND COMMUNICATIONS 110765 3 9000000 9000000 458011 458011 9458011 0 0 458011 1140000 1140000 1093496 1093496 965399 772319 193080 255007 204006 51001 25729 20583 5146 110371 88296 22075 72687 58150 14537 111589 89271 22318 227827 227827 103973 96185 7788 24460 19568 4892 6660 5328 1332 129012 116216 12796 10325 8260 2065 FELLOWSHIP PROGRAM 3094374 3094374 INSTITUTE PROGRAM 1745040 1745040 LAMPLIGHTER PROGRAM 77871 77871 MEALS 29291 23433 5858 9223111 8880223 342888 0 10423565 1372470 11050458 4500000 1500000 385 75924 49433 70058 14973383 14068910 1762069 622696 1762069 622696 X 13211314 13446214 13211314 13446214 14973383 14068910 234900 0 X 0 1 X 0 0 X 9000000 9006017 9005000 9000000 36011017 9000000 9006017 9005000 9000000 36011017 22541238 13469779 458011 458011 36469028 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION WAS INCORPORATED ON APRIL 12, 2021. THEREFORE, THE 2021 COLUMN REPRESENTS A SHORT PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 9490527 32516 32516 9458011 0 9458011 9255627 32516 32516 9223111 0 9223111 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE UNCERTAIN TAX POSITIONS TAKEN BY THE ORGANIZATION. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE ORGANIZATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 FLORIDA A&M UNIVERSITY 1601 SOUTH MARTIN LUTHER KING JR BOULEVARD TALLAHASSEE FL 323073105 590977035 501(C)(3) 250000 0 N/A N/A SCHOLARSHIPS HAMPTON UNIVERSITY 100 EAST QUEEN STREET HAMPTON VA 236680108 540505990 501(C)(3) 250000 0 N/A N/A SCHOLARSHIPS MORGAN STATE UNIVERSITY 1700 EAST COLD SPRING LANE BALTIMORE MD 212510001 522362685 501(C)(3) 250000 0 N/A N/A SCHOLARSHIPS NORTH CAROLINA A&T UNIVERSITY 1601 EAST MARKET STREET GREENSBORO NC 274110002 566000007 501(C)(3) 250000 0 N/A N/A SCHOLARSHIPS MOREHOUSE COLLEGE 830 WESTVIEW DRIVE SE ATLANTA GA 303143776 580566205 501(C)(3) 125000 0 N/A N/A SCHOLARSHIPS HOWARD UNIVERSITY 2400 6TH STREET NW WASHINGTON DC 200590001 530204707 501(C)(3) 15000 0 N/A N/A SCHOLARSHIPS 6 0 SCHOLARSHIPS 3 1093496 N/A SCHOLARSHIPS PART I, LINE 2: GRANTEES ARE REQUIRED TO PROVIDE AN ANNUAL REPORT DETAILING THE USE OF THE GRANT FUNDS. X X 0 0 X X 0 0 0 0 0 0 0 0 0 MARCUS SHAW PRESIDENT AND C.E.O. 325000 0 120000 0 0 0 0 0 0 0 445000 0 0 0 RACHEL WARD V-P, PROGRAMS AND PARTNERSHIPS 173250 0 16026 0 0 0 0 0 0 0 189276 0 0 0 LESLIE ESPY V-P, STRATEGY AND OPERATION 168300 0 11563 0 0 0 0 0 0 0 179863 0 0 0 TULANI THOMAS CHIEF OF STAFF 125000 0 26260 0 0 0 0 0 0 0 151260 0 0 0 PART I, LINE 1A THE ORGANIZATION'S PRESIDENT AND C.E.O. WILL OCCASIONALLY FLY FIRST CLASS DURING A RED-EYE FLIGHT, OR IF THAT IS THE ONLY FLIGHT AVAILABLE. THE ORGANIZATION ALSO COVERS THE DUES FOR THE GATHERING SPOT, WHICH IS A CO-WORKING SPACE AND SOCIAL CLUB. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY A CPA FIRM. UPON COMPLETION OF THE DRAFT RETURN, IT IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY ANY SITUATIONS THAT COULD GIVE RISE TO A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS EXECUTIVE COMPENSATION FOR SIMILAR-SIZED ORGANIZATIONS AS A BENCHMARK FOR EXECUTIVE PAY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL INFORMATION IS AVAIABLE UPON REQUEST. FORM 990, PAGE 1, ITEM B - AMENDED RETURN: FORM 990 IS BEING AMENDED TO PROVIDE MORE ACCURATE INFORMATION. THE ITEMS THAT ARE BEING REVISED ARE AS FOLLOWS: - PAGE 1, ITEMS (B) (ADDRESS CHANGE BOX) AND (C) (ADDRESS) - PART I, ITEM 1 (REPORTED ON SCHEDULE O) - PART II, SIGNING OFFICER'S TITLE - PART III, ITEM 1 (REPORTED ON SCHEDULE O) - PART VI, SECTION C, ITEM 20 (ADDRESS) - PART VII, SECTION A, ITEMS (1), (2), (5), AND (6), COLUMN (A) (TITLES), AS WELL AS ITEM (11) (NOT PREVIOUSLY REPORTED) - PART VII, SECTION B, ITEM (3), COLUMN (B) - SCHEDULE B, PART I, ITEM 2, COLUMN (B) (ADDRESS) - SCHEDULE J, PART II, ITEM (2), COLUMN (A) (TITLE) - SCHEDULE J, PART III (PART I, ITEM 1A EXPLANATION)