California · Nonprofit
ALT FINANCE CORPORATION
ALT FINANCE CORPORATION (California) receives grants from 1 organization whose IRS filings report $12,000,000 to it, the largest being ARES CHARITABLE FOUNDATION ($12,000,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $9.5M
- Funders on record
- 1
- Grants received
- $12M
- Net assets
- $13M
What Alt Finance Corporation does
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.
As stated on its FY2024 Form 990.
Programs
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.
$2,773,674 spentof which $2,233,496 as grants31% of program spendingAltfinance 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.
$3,842,759 spent43% of program spendingAltfinance 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.
$2,167,085 spent24% of program spendingThe 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.
$96,705 spent1% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $8,880,223.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $11M to $15M (+36%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
95% of ALT FINANCE CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (88% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Trey Pruitt
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2021 → 2023: the base held at 1 funder, grant income rose $3.0M → $4.5M.
From the IRS filings of ALT FINANCE CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of ALT FINANCE CORPORATION's grant income comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ALT FINANCE CORPORATION holds deeper cash reserves than three-quarters of the 1,003 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 1,003 public benefit nonprofits $1M–$10M, FY2024
Organizations like ALT FINANCE CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
96% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 2 states
Screen this organization
A dated, signed PDF of the compliance screen for ALT FINANCE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ALT FINANCE CORPORATION?
- ALT FINANCE CORPORATION (California) receives grants from 1 organization whose IRS filings report $12,000,000 to it, the largest being ARES CHARITABLE FOUNDATION ($12,000,000). 1 of them have funded it in more than one year.
- How many funders does ALT FINANCE CORPORATION have?
- IRS filings report 1 organization giving $12,000,000 in grants to ALT FINANCE CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of ALT FINANCE CORPORATION?
- ARES CHARITABLE FOUNDATION is the largest funder on record, with $12,000,000 in grants. The full list of funders is on this page.
- How can an organization like ALT FINANCE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing