Civic Intelligence

Alter Global

990 • Fiscal year 2020 • EIN 47-5297199

Jan 01, 2020 to Dec 31, 2020 • Filed on May 04, 2021

Organization Profilewww.alter.global
1276 Willis StRedding, CA 96001

(217) 971-7047

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

100th percentile

239%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

76th percentile

$119,550

Higher top officer pay than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

2nd percentile

-37%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$1,291,698

Down $767,875 (-37%) from 2019

Net Assets

Down

$1,223,948

Down $807,001 (-40%) from 2019

Liabilities

Up

$67,750

Up $39,126 (+137%) from 2019

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Up

-$337,995

Up $465,520 (+58%) from 2019

Expenses

Down

$469,006

Down $219,336 (-32%) from 2019

Net Income

Up

-$807,001

Up $684,856 (+46%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $84,741Liabilities 2016: $0Net Assets 2016: $84,7412016Assets 2017: $5,737Liabilities 2017: $21,875Net Assets 2017: -$16,1382017Assets 2018: $3,526,461Liabilities 2018: $3,655Net Assets 2018: $3,522,8062018Assets 2019: $2,059,573Liabilities 2019: $28,624Net Assets 2019: $2,030,9492019Assets 2020: $1,291,698Liabilities 2020: $67,750Net Assets 2020: $1,223,9482020Assets 2021: $998,267Liabilities 2021: $0Net Assets 2021: $998,2672021Assets 2022: $575,587Liabilities 2022: $0Net Assets 2022: $575,5872022Assets 2023: $1,245,464Liabilities 2023: $0Net Assets 2023: $1,245,4642023Assets 2024: $807,555Liabilities 2024: $0Net Assets 2024: $807,5552024

Highlighted filing

2020

Assets$1,291,698
Liabilities$67,750
Net Assets$1,223,948
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $255,865Expenses 2016: $122,049Net Income 2016: $133,8162016Revenue 2017: $201,920Expenses 2017: $302,799Net Income 2017: -$100,8792017Revenue 2018: $4,150,513Expenses 2018: $611,569Net Income 2018: $3,538,9442018Revenue 2019: -$803,515Expenses 2019: $688,342Net Income 2019: -$1,491,8572019Revenue 2020: -$337,995Expenses 2020: $469,006Net Income 2020: -$807,0012020Revenue 2021: $399,411Expenses 2021: $1,045,093Net Income 2021: -$645,6822021Revenue 2022: $0Expenses 2022: $5,329Net Income 2022: -$5,3292022Revenue 2023: $82,041Expenses 2023: $64,889Net Income 2023: $17,1522023Revenue 2024: $608,138Expenses 2024: $139,459Net Income 2024: $468,6792024

Highlighted filing

2020

Revenue-$337,995
Expenses$469,006
Net Income-$807,001
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 4, 2021
Return Version
2020v4.0
Gross Receipts
$1,899,652
Mission and Program Overview

Mission

The specific purpose of Alter Global shall include without limitation, to relieve the poor by supporting global entrepreneurship.

To relieve the poor by supporting global entrepreneurship

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$1,789,970$548,629▼ $1,241,341
Cash and Non-Interest-Bearing Accounts$19,543$492,009▲ $472,466
Investments Program Related$250,060$250,060→ $0
Accounts Receivable-$1,000-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,059,573$1,291,698▼ $767,875
Other Assets Total-$0-
Liabilities
Other Liabilities-$67,545-
Accounts Payable and Accrued Expenses$28,624$205▼ $28,419
Total Liabilities$28,624$67,750▲ $39,126
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,030,949$1,223,948▼ $807,001
Total Net Assets Fund Balance$2,030,949$1,223,948▼ $807,001
Total Liabilities and Net Assets / Fund Balance$2,059,573$1,291,698▼ $767,875
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jesse SullivanCEOFT$119,550$119,550
Syed Ozair AliCOOFT$82,425$82,425

Board Members and Trustees

NameTitle
Jessica JackleySecretary
Thomas BirdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,125,859
Program Service Revenue
$1,000
Investment Income
$-1,464,854
Other Revenue
$0
All Other Contributions
$1,125,859
Change in Net Assets
$-807,001

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$996,296Market Value on Date
Total Noncash Contributions1$996,296-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$348,861
Other Expenses$120,145
Total Fundraising Expense$20,152
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$173,944$22,053$5,978$201,975
Other Salaries and Wages$94,534$6,446$6,445$107,425
Fees for Services Other$50,510$2,580$2,580$55,670
Occupancy$23,158$1,219-$24,377
Payroll Taxes$20,829$1,420$1,420$23,669
Other Employee Benefits$13,897$948$947$15,792
Fees for Services Legal-$8,876-$8,876
Information Technology$6,532$439$960$7,931
Fees for Services Accounting-$6,927-$6,927
Travel$5,725$391$390$6,506
Office Expenses$2,117$142$311$2,570
Other Expenses$739$50$109$898
Advertising--$539$539
Total Functional Expenses$397,230$51,624$20,152$469,006
International Activity

International Summary

Spending
$250,060

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaInvestment-00$250,060
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Loan$67,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“An independent cpa firm prepares the 990 form which is then reviewed by alter global's president and chief of staff. A copy of the form 990 is provided to the entire governing body prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“An interested party shall make appropriate disclosure of all material facts including the existence of any financial interest at any time thatany actual or potential conflict of interest or ethical question arises.in addition, interested parties shall make an annual disclosure of ongoing relationships and interests that may present a conflict of interest”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The salaries of officers, if any, shall be fixed from time to time by resolution of the board or by the person or committee to whom the board has delegated the function. In all cases, any salaries received by officers shall be reasonable and given in return for services actually rendered for the corporation. No salaried officer serving as director shall be permitted to vote on his or her own compensation as officer. The board shall periodically review the fairness of compensation, including benefits, paid to every person, regardless of title, with powers, duties or responsibilities comparable to the president, chief executive officer, treasurer, or chief financial officer i once such a person is hired ii upon any extension or renewal of such person's term of employment and iii when such person's compensation is modified unless all employees are subject to the same modification of compensation”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes its governing documents, conflict of interest and financial statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Alter Global
EIN
47-5297199
Phone
2179717047
Address
1276 WILLIS ST, REDDING, CA 96001

Signing Officer

Name
Jesse Sullivan
Title
CEO
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jesse Sullivan
Formed
2015
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
5

Preparer

Firm
Allied Accounting LLC
Address
1491 Polaris Pkwy, Columbus, OH 43240
Preparer
Syed Ahsan
Phone
6146891470
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: The facts and circumstances which establish that Alter Global is an organization that is publicly supported are the following: We have not been able to meet the 33-1/3 threshold for public support because of sizable donations from three or four donors who are now considered excess contributors. As a small non-profit we did not initially expect to receive large sums from single donors, these large sums have tipped the scales significantly affecting our calculations for public support. That being said, these donors have no control, influence, or extra ties whatsoever to our organization. There are absolutely no directives, conditions or restrictions imposed by their contributions other than that it serves our stated mission. Lastly, these donors do not stand to benefit directly in any way by the work that we are doing. We were fortunate to be able to raise large sums from these donors especially considering the limited resources, time, man-power available to our team. It was also unusual for us to receive contributions in Bitcoin and Ripple cryptocurrencies in large quantities, the unexpected gains from them being an additional source of funding. These factors made it so that, in order to carry out our stated mission to the best of our ability, Alter was going to focus more on making an impact with the contributions available rather than using these resources as a means of fundraising from others. Our work and these contributions have been maximized in an effort to support high-character entrepreneurs in emerging markets around the world. These entrepreneurs have built business that have created thousands of jobs that then contribute to workers quality of life and back to their local economies. As a direct example, we traveled to Nigeria to create content for one of the founders we work with there, Shola Akinlade from Paystack. We wanted to amplify his work and help build a larger audience for his business. One of the videos we created has amassed over 20,000 views and positive media coverage. This helped build momentum which has led to the company becoming one of the most impactful tech ventures in Africa. Furthermore, we believe we are publicly supported, and in turn support the public, directly through our Alter Fellowship Program. A large portion of our resources have been directed towards building out this program. Briefly, this program takes young professionals who believe in our mission and places them to work directly with the ventures we are supporting. We have placed 65 fellows at over 30 ventures across 20 emerging tech cities. We are at a point where this momentum and growth has afforded us the opportunity to revamp and reengage our public facing fundraising efforts. While we have become pretty self-sustainable with the donations we have been able to raise over the last five years we also know that in order to create an even bigger impact, both in name and action, we need to expand our network and reach. This means putting more time and resources behind raising from other donors which will then also allow us to continue to scale the work we are doing.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN INDEPENDENT CPA FIRM PREPARES THE 990 FORM WHICH IS THEN REVIEWED BY ALTER GLOBAL'S PRESIDENT AND CHIEF OF STAFF. A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN INTERESTED PARTY SHALL MAKE APPROPRIATE DISCLOSURE OF ALL MATERIAL FACTS INCLUDING THE EXISTENCE OF ANY FINANCIAL INTEREST AT ANY TIME THATANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST OR ETHICAL QUESTION ARISES.IN ADDITION, INTERESTED PARTIES SHALL MAKE AN ANNUAL DISCLOSURE OF ONGOING RELATIONSHIPS AND INTERESTS THAT MAY PRESENT A CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARIES OF OFFICERS, IF ANY, SHALL BE FIXED FROM TIME TO TIME BY RESOLUTION OF THE BOARD OR BY THE PERSON OR COMMITTEE TO WHOM THE BOARD HAS DELEGATED THE FUNCTION. IN ALL CASES, ANY SALARIES RECEIVED BY OFFICERS SHALL BE REASONABLE AND GIVEN IN RETURN FOR SERVICES ACTUALLY RENDERED FOR THE CORPORATION. NO SALARIED OFFICER SERVING AS DIRECTOR SHALL BE PERMITTED TO VOTE ON HIS OR HER OWN COMPENSATION AS OFFICER. THE BOARD SHALL PERIODICALLY REVIEW THE FAIRNESS OF COMPENSATION, INCLUDING BENEFITS, PAID TO EVERY PERSON, REGARDLESS OF TITLE, WITH POWERS, DUTIES OR RESPONSIBILITIES COMPARABLE TO THE PRESIDENT, CHIEF EXECUTIVE OFFICER, TREASURER, OR CHIEF FINANCIAL OFFICER I ONCE SUCH A PERSON IS HIRED II UPON ANY EXTENSION OR RENEWAL OF SUCH PERSON'S TERM OF EMPLOYMENT AND III WHEN SUCH PERSON'S COMPENSATION IS MODIFIED UNLESS ALL EMPLOYEES ARE SUBJECT TO THE SAME MODIFICATION OF COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,291,698
Liabilities
$67,750
Net assets
$1,223,948
Revenue
-$337,995
Expenses
$469,006
Net income
-$807,001
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.61$0.14$0.47
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.08$0.06$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.40$1.05$0.65
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.07$1.22$0.34$0.47$0.81
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.03$2.03$0.80$0.69$1.49
2018Detailed filing. Detailed filing data is available for this year.$3.53$0.00$3.52$4.15$0.61$3.54
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.02$0.02$0.20$0.30$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.26$0.12$0.13