Alt Finance Corporation
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Key facts about Alt Finance Corporation
In short: Alt Finance Corporation gave $1.1M across 6 grants in 2024 (avg $190K), top state Florida. Source: 2024 IRS Form 990.
- EIN
- 86-3974526
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $1,140,000
- Grants made (2024)
- 6
- Average grant
- $190,000
- Median grant
- $250,000
- Total assets
- $14,068,910
- Primary geography
- Florida (22% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$14.1M
-6.0% YoY
Annual Giving
$1.1M
+37.5% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$190K
-77.1% YoY
About Alt Finance Corporation
Based on IRS filings
Alt Finance Corporation is a public charity focused on public and societal benefit, based in Los Angeles, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $14.1M in total assets. In 2024, it awarded 6 grants totaling $1.1M. Net investment income was $458K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $829K (2023) to $3.2M (2022). In 2024 it made 6 grants totaling $1.1M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Florida A&M University ($250K). Together the top 6 received $1.1M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 12 (42%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Florida A&M University Tallahassee, FL | Scholarships | $250,000 |
| Hampton University Hampton, VA | Scholarships | $250,000 |
| Morgan State University Baltimore, MD | Scholarships | $250,000 |
| North Carolina A&T University Greensboro, NC | Scholarships | $250,000 |
| Morehouse College Atlanta, GA | Scholarships | $125,000 |
| Howard University Washington, DC | Scholarships | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,068,910 | $14,973,383 | $10,989,237 |
| Revenue | $9,458,011 | $9,005,000 | $9,006,017 |
| Expenses | $9,223,111 | $5,470,305 | $6,690,528 |
| Net Investment Income | $458,011 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 10, 2025)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Alt Finance Corporation is led by Marcus Shaw, President & C.e.o. since 2024 (on filings since 2021); 4 of 11 officers listed in 2024 are compensated.
Officers on the 2024 filing
Marcus Shaw
President & C.e.o.
Executive Director → President & C.e.o., 2024
On filings since 2021
40 hrs/week
$150K (2021) → $445K (2024)
Jonathan B. Simon
Vice Chair & Chair
Vice President → Vice Chair & Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Trey Pruitt
Chair
President → Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Michelle Armstrong
Director
On filings since 2021
1 hr/week
No compensation reported
Milwood Hobbs Jr.
Director
On filings since 2021
1 hr/week
No compensation reported
Eddie Keith III
Director
New on the 2024 filing
1 hr/week
No compensation reported
Leslie Espy
V-P, Strategy & Operations
Vice President of Strategy & Operations → V-P, Strategy & Operations, 2024
On filings since 2022
40 hrs/week
$147K (2022) → $180K (2024)
Rachel Ward
V-P, Programs & Partnerships
Vice President of Operations → V-P, Programs & Partnerships, 2024
On filings since 2022
40 hrs/week
$117K (2022) → $189K (2024)
Tulani Thomas
Chief of Staff
New on the 2024 filing
40 hrs/week
$151K (2024)
Heather Berger
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Jerilyn McAniff
Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $445K, to Marcus Shaw (President and C.E.O.). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Alt Finance Corporation
How much does Alt Finance Corporation give each year?
Alt Finance Corporation gave $1.1M across 6 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $829K across 1 grant.
What is Alt Finance Corporation's typical grant size?
Alt Finance Corporation's median grant in 2024 was $250,000, and its average grant was $190,000, across 6 grants on its 2024 IRS Form 990.
Where does Alt Finance Corporation give grants?
Alt Finance Corporation's top state is Florida, with 22% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Virginia (22%) and Maryland (22%).
Does Alt Finance Corporation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Alt Finance Corporation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Scholarships" (6 grants).
Who are Alt Finance Corporation's largest grantees?
Alt Finance Corporation's largest 2024 grantees include Florida A&M University ($250,000), Hampton University ($250,000) and Morgan State University ($250,000), according to its 2024 IRS Form 990. Together they received 66% of its itemized 2024 grant dollars.
How large is Alt Finance Corporation?
Alt Finance Corporation reported $14.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $9.5M.
What is Alt Finance Corporation?
Alt Finance Corporation is a public charity focused on public and societal benefit, based in Los Angeles, CA. It holds $14.1M in total assets as of 2024.
What is Alt Finance Corporation's EIN?
Alt Finance Corporation's EIN (Employer Identification Number) is 86-3974526. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Alt Finance Corporation by hand.
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