2023-11-15T19:03:39-06:00 2022-12-31 382029668 GJC CPA'S & ADVISORS 535 GRISWOLD STREET SUITE 1200 DETROIT MI 482263689 990 2022-01-01 863974526 ALT FINANCE CORPORATION ALTF 9196990778 800 CORPORATE POINTE 300 CULVER CITY CA 902307657 MARCUS SHAW EXECUTIVE DIRECTOR 9196990778 2023-11-15 1 MARCUS SHAW 999009999 1 MICHAEL R NICHOLAS P00966144 3139652655 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARCUS SHAW 800 CORPORATE POINTE 300 CULVER CITY CA 902307657 9006017 0 X WWW.ALTFINANCE.COM X 2021 CA INVESTING IN BLACK FUTURES BY PROVIDING A CLEAR PATHWAY TO STUDENTS AT PARTNERING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ("HBCU'S") INTO CAREERS IN THE ALTERNATIVE INVESTMENT INDUSTRY. PARTICIPATING HBCU STUDENTS WILL RECEIVE ACCESS TO EDUCATION, TRAINING, MENTORSHIP, SCHOLARSHIP FUNDING, INTERNSHIPS, AND FULL-TIME CAREER OPPORTUNITIES IN THE INDUSTRY. 7 6 3 6 0 0 9000000 9006017 0 0 0 0 0 0 9000000 9006017 0 3593520 0 0 158272 607382 0 0 0 298524 2489626 456796 6690528 8543204 2315489 8667730 10989237 124526 130544 8543204 10858693 X INVESTING IN BLACK FUTURES BY PROVIDING A CLEAR PATHWAY TO STUDENTS AT PARTNERING HBCU'S INTO CAREERS IN THE ALTERNATIVE INVESTMENT INDUSTRY. PARTICIPATING HBCU STUDENTS WILL RECEIVE ACCESS TO EDUCATION, TRAINING, MENTORSHIP, SCHOLARSHIP FUNDING, INTERNSHIPS, AND FULL-TIME CAREER OPPORTUNITIES IN THE INDUSTRY. 0 0 4159712 3593520 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. 1677637 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. 694535 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. 6531884 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 0 0 3 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 800 CORPORATE POINTE SUITE 300 CULVER CITY CA 902307657 MARCUS SHAW EXECUTIVE DIRECTOR 40.00 X X 274030 0 0 TREY PRUITT PRESIDENT 1.00 X X 0 0 0 JONATHAN B SIMON VICE-PRESIDENT 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 RACHEL WARD VICE-PRESIDENT OF OPERATION 40.00 X 117068 0 0 LESLIE ESPY VICE-PRES. OF STRATEGY AND OPERATION 40.00 X 147006 0 0 538104 0 0 3 0 1 0 0 9006017 9006017 9006017 0 0 0 3207520 3207520 386000 386000 538104 430483 107621 10500 8400 2100 30299 24239 6060 28479 22783 5696 25493 20394 5099 31800 25440 6360 254501 254501 26994 21596 5398 12000 9600 2400 4500 3600 900 54236 43389 10847 5594 4475 1119 10354 8283 2071 FELLOWSHIP PROGRAM 1449289 1449289 INSTITUTE PROGRAM 600000 600000 MEALS 14865 11892 2973 6690528 6531884 158644 0 7160487 7984923 1500000 3000000 7243 4314 8667730 10989237 124526 128762 0 1782 124526 130544 X 8543204 10858693 8543204 10858693 8667730 10989237 2315489 0 X 0 0 0 X 9000000 9006017 18006017 9000000 9006017 18006017 11279760 6726257 18006017 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 EMPLOYEE BENEFITS PAYABLE 1782 1782 1 UNITED NEGRO COLLEGE FUND INC 1805 7TH STREET NW WASHINGTON DC 20001 131624241 501(C)(3) 1207500 0 N/A N/A SCHOLARSHIPS HOWARD UNIVERSITY 2400 6TH STREET NW WASHINGTON DC 20059 530204707 501(C)(3) 500000 0 N/A N/A SCHOLARSHIPS MOREHOUSE COLLEGE 830 WESTVIEW DRIVE SE ATLANTA GA 30314 580566205 501(C)(3) 500020 0 N/A N/A SCHOLARSHIPS SPELMAN COLLEGE 350 SPELMAN LANE SW ATLANTA GA 30314 580566243 501(C)(3) 500000 0 N/A N/A SCHOLARSHIPS CLARK ATLANTA UNIVERSITY INC 223 JAMES P BRAWLEY DRIVE SW ATLANTA GA 30314 581825259 501(C)(3) 500000 0 N/A N/A SCHOLARSHIPS 5 0 COHORT 1 SCHOLARSHIPS 32 386000 N/A N/A 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 EXECUTIVE DIRECTOR 274030 0 0 0 0 0 0 0 0 0 274030 0 0 0 PART I, LINE 1A THE ORGANIZATION'S EXECUTIVE DIRECTOR 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 C.P.A. 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.