ALT Finance Corporation
Donations deductibleRevenue
$9.5m
year to 31 December 2024
Expenses
$9.2m
year to 31 December 2024
Total assets
$14.1m
$623k liabilities
Net assets
$13.4m
assets less liabilities
Directors and trustees
8
4.2 years on average
Staff
8
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
3
named in Part VII
ALT Finance Corporation's network
8 people4 organisationsi8 people and 4 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (8). Violet dotted lines (4) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
8 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 7 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Eddie Keith III | Director | 2024 | 2 yrs |
| Heather Berger | Treasurer | 2022 | 4 yrs |
| Jerilyn McAniff | Company secretary | 2022 | 4 yrs |
| Jonathan B Simon | Vice-President | 2022 | 4 yrs |
| Marcus Shaw | President and C.E.O. | 2022 | 4 yrs |
| Michelle Armstrong | Director | 2022 | 4 yrs |
| Milwood Hobbs JR | Director | 2022 | 4 yrs |
| Trey Pruitt | President | 2022 | 4 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
3 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Leslie Espy | Vice-Pres. of Strategy and Operation | since 2022 |
| Rachel Ward | Vice-President of Operation | since 2022 |
| Tulani Thomas | Chief of Staff | 2024 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Marcus Shaw | President and C.E.O. | 40 | $445k | ||
| Rachel Ward | V-P, Programs and Partnerships | 40 | $189k | ||
| Leslie Espy | V-P, Strategy and Operation | 40 | $180k | ||
| Tulani Thomas | Chief of Staff | 40 | $151k | ||
| Trey Pruitt | Chair | 1 | $0 | ||
| Jonathan B Simon | Vice-Chair, Chair (As of May 2024) | 1 | $0 | ||
| Heather Berger | Treasurer | 1 | $0 | ||
| Jerilyn McAniff | Secretary | 1 | $0 | ||
| Michelle Armstrong | Director | 1 | $0 | ||
| Milwood Hobbs Jr | Director | 1 | $0 | ||
| Eddie Keith III | Director | 1 | $0 |
About
- Legal name
- Alt Finance Corporation
- EIN
- 863974526
- Address
- 800 Corporate Pointe 300, Culver City, CA, 90230-7667
- State
- California
- 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... (as filed on the Form 990)
- Activity (NTEE)
- W70 Public and societal benefit
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Public & Societal Benefit
- Size band
- 8 (IRS master file code)
- Formed
- 2021
- Principal officer
- Marcus Shaw (as named on the Form 990)
- IRS ruling date
- 1 September 2021
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 3, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥4years on the filingsHeather Berger
≥4years on the filingsJerilyn McAniff
≥4years on the filingsJonathan B Simon
≥4years on the filingsMarcus Shaw
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $14.1m
- Total liabilities
- $623k
- Net assets or fund balances
- $13.4m
- Contributions and grants received
- $9m
- Program service revenue
- $0
- Grants and similar paid out
- $2.2m
- Employees
- 8
Filed finances
2 yearsiTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $9.5m | $9.2m | $235k |
| 2024 | $9.5m | $9.2m | $235k |
As filed on the IRS Form 990. US dollars.
Grants paid
6 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Florida A&m University | Scholarships | $250k |
| Hampton University | Scholarships | $250k |
| Morgan State University | Scholarships | $250k |
| North Carolina A&t University | Scholarships | $250k |
| Morehouse College | Scholarships | $125k |
| Howard University | Scholarships | $15k |