Nonprofit · EIN 86-3974526
ALT FINANCE CORPORATION
Tax-exempt · CULVER CITY, CA 90230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $9,458,011 | $9,223,111 | $234,900 | $14,068,910 | $622,696 | $13,446,214 |
| December 31, 2023 | 990 | $9,005,000 | $5,470,305 | $3,534,695 | $14,973,383 | $1,762,069 | $13,211,314 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,000,000
- Program service revenue
- $0
- Investment income
- $458,011
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,233,496
- Compensation of officers, directors and key employees
- $965,399
- Other salaries and wages
- $255,007
- Salaries, compensation and benefits (total)
- $1,429,193
- Professional fundraising fees
- $0
- Accounting fees
- $111,589
- Occupancy
- $6,660
- Travel
- $129,012
- Program services (functional)
- $8,880,223
- Management and general (functional)
- $342,888
Balance sheet and other
- Total assets, start of year
- $14,973,383
- Total assets, end of year
- $14,068,910
- Total liabilities, end of year
- $622,696
- Net assets, end of year
- $13,446,214
- Net assets without donor restrictions
- $13,446,214
- Gross receipts
- $9,458,011
- Employees
- 8
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS SHAW | PRESIDENT AND C.E.O. Trustee or director, Officer | 40 | $445,000 |
| RACHEL WARD | V-P, PROGRAMS AND PARTNERSHIPS Highest-paid employee | 40 | $189,276 |
| LESLIE ESPY | V-P, STRATEGY AND OPERATION Highest-paid employee | 40 | $179,863 |
| TULANI THOMAS | CHIEF OF STAFF Highest-paid employee | 40 | $151,260 |
| TREY PRUITT | CHAIR Trustee or director, Officer | 1 | $0 |
| JONATHAN B SIMON | VICE-CHAIR, CHAIR (AS OF MAY 2024) Trustee or director, Officer | 1 | $0 |
| HEATHER BERGER | TREASURER Trustee or director, Officer | 1 | $0 |
| JERILYN MCANIFF | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHELLE ARMSTRONG | DIRECTOR Trustee or director | 1 | $0 |
| MILWOOD HOBBS JR | DIRECTOR Trustee or director | 1 | $0 |
| EDDIE KEITH III | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS SHAW | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $325,000 |
| RACHEL WARD | VICE-PRESIDENT OF OPERATION Highest-paid employee | 40 | $184,000 |
| LESLIE ESPY | VICE-PRES. OF STRATEGY AND OPERATION Highest-paid employee | 40 | $179,000 |
| TREY PRUITT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JONATHAN B SIMON | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| HEATHER BERGER | TREASURER Trustee or director, Officer | 1 | $0 |
| JERILYN MCANIFF | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHELLE ARMSTRONG | DIRECTOR Trustee or director | 1 | $0 |
| MILWOOD HOBBS JR | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 800 CORPORATE POINTE 300, CULVER CITY, CA 90230-7667
- Principal officer (990 for 2024)
- MARCUS SHAW, 1800 AVENUE OF THE STARS 1400, LOS ANGELES, CA 900674216
- Signed the 990
- MARCUS SHAW, PRESIDENT AND C.E.O.
- Phone
- (919) 699-0778
- Website
- WWW.ALTFINANCE.COM
- Return prepared by
- GJC CPA'S & ADVISORS
California records
California keeps its own records of charities and corporations. Search them by EIN 86-3974526 or by the name ALT FINANCE CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- 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.Expenses $2,773,674 · grants $2,233,496
- 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.Expenses $3,842,759
- 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.Expenses $2,167,085
- 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.Expenses $96,705
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3974526
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W70)
- Assets (IRS master file)
- $14,068,910
- Income (IRS master file)
- $9,458,011
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,458,011 | $9,223,111 | $14,068,910 | XML |
| 990 | December 2023 | $9,005,000 | $5,470,305 | $14,973,383 | XML |
| 990 | December 2022 | $9,006,017 | $6,690,528 | $10,989,237 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3974526).
Questions about ALT FINANCE CORPORATION
- What is the EIN of ALT FINANCE CORPORATION?
- The employer identification number (EIN) of ALT FINANCE CORPORATION is 86-3974526.
- Is ALT FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ALT FINANCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALT FINANCE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALT FINANCE CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALT FINANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ALT FINANCE CORPORATION?
- The 990 for the year ended December 31, 2024 names MARCUS SHAW.
- Who are the officers and directors of ALT FINANCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $445,000 (MARCUS SHAW, PRESIDENT AND C.E.O.).
- How much revenue does ALT FINANCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,458,011, expenses of $9,223,111 and total assets of $14,068,910 at year end.
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All nonprofits in CULVER CITY · California · Public and societal benefit