Alter Global
- Assets
- $998.3k
- Revenue
- $399.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Petersburg, IL
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-5297199
Organization Overview
Alter Global is located in Petersburg, IL. The organization was established in 2016. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alter Global is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alter Global generated $399.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RELIEVE THE POOR BY SUPPORTING GLOBAL ENTREPRENEURSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIEVE POVERTY AND REVERSE COMMUNITY RETERIORATION IN THE LEAST DEVELOPED COUNTRIES BY ENABALING LOCAL ENTREPRENUERS TO LEARN BUSINESS SKILLS, NECESSARY TO EXPAND THEIR BUSINESSES AND CREATE JOBS IN PLACES WHERE THEY ARE MOST NEEDED. ALTER MATCHES A SMALL NUMBER OF PROMISING ENTREPRENUERS IN THE LEAST DEVELOPED COUNTRIES WITH LOCAL AND GLOBAL BUSINESS EXPERTS, WHO WILL PROVIDE TRAINING, AND ADVICE THAT WILL PROMOTE THE SUCCESS OF THE ENTREPRENUERS AND THEIR BUSINESSES. ADDITIONALLY, ALTER GLOBAL'S COACHING PROGRAM PROVIDES IT'S PARTNER COMPANIES WITH ACCESS TO SILICON VALLEY-TRAINED EXECUTIVE COACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Sullivan CEO | OfficerTrustee | 0 | $0 |
Jessica Jackley Secretary | OfficerTrustee | 0 | $0 |
Thomas Bird Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,545 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$100,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $999,192 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,516 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,500 |
| Advertising and promotion | $0 |
| Office expenses | $1,422 |
| Information technology | $3,516 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,045,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $150,060 |
| Intangible assets | $400,496 |
| Other assets | $0 |
| Total assets | $998,267 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $998,267 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $998,267 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alter Global has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: International Development | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Nis Enterprises Fund Chicago, IL | $84,059,720 | $4,246,374 |
Junior Achievement Of Northern Indiana Fort Wayne, IN | $7,556,619 | $6,668,651 |
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Junior Achievement Of Greater St Louis Chesterfield, MO | $7,704,304 | $3,436,405 |
Junior Achievement Of Central Indiana Indianapolis, IN | $5,835,841 | $2,240,758 |
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Junior Achievement Of Kentuckiana Inc Louisville, KY | $5,616,461 | $2,292,211 |
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Junior Achievement Of Central Iowa Inc Des Moines, IA | $3,628,464 | $1,407,118 |
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