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Nonprofiteer
← ALT FINANCE CORPORATION

Form 990 for tax year 2023

Filed by ALT FINANCE CORPORATION.

Totals

Total revenue
$9,005,000
Total expenses
$5,470,305
Contributions and grants received
$9,005,000
Grants paid
$829,210
Program services expenses (Part IX)
$5,229,240
Management and general expenses
$241,065
Fundraising expenses
$0
Program service expenses (Part III)
$5,229,240

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARCUS SHAW

    EXECUTIVE DIRECTOR

    Total calculated
    $325,000
    From this org
    $325,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $75,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $325,000

  • TREY PRUITT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN B SIMON

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • HEATHER BERGER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JERILYN MCANIFF

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE ARMSTRONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MILWOOD HOBBS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL WARD

    VICE-PRESIDENT OF OPERATION

    Total calculated
    $184,000
    From this org
    $184,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $19,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $184,000

  • LESLIE ESPY

    VICE-PRES. OF STRATEGY AND OPERATION

    Total calculated
    $179,000
    From this org
    $179,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $14,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $179,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349306068

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