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The Altum Fund

New Haven, CTUnknown exempt organizationSince 2024EIN 99-1522072Revenue $25.2M in FY2024

On file with the IRS1 Columbus Plaza 19 FL · New Haven, CT

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See part III, line 1.

1¢ of each $1 spent went to programs.
Run by 3 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
0.6%
of spending
Concern: 1% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$154K
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.2M
Spent
$337K
To programs
0.6%
Net assets
$24.9M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

1 cents of each dollar spent went to programs.

Program services 1% · $2K Management & general 99% · $335K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation
Anthony Pienta
Executive Director
$153,694Pt VII · Sec A
James N Perry JR
Chairman & President
$0Pt VII · Sec A
Dennis J Gerber JR
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Altum Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

The Altum Fund is a nonprofit organization based in New Haven, CT, formed in 2024.

Questions for The Altum Fund

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Provided by the organization

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1 program · $2K · in their own filed words · FY2024
01

Grant activities in furtherance of the corporations exempt purposes.

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Knights of Columbus Charitable Fund INCFY2024$2.0M
Total grants receivedfrom 1 funder$2.0M

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$25.2M
Ln 12
Gifts and grantsLn 1h$25.2M
Investment incomeLn 3$20
Money outPt IX
$337K
Ln 25
Programscol B$2K
Managementcol C$335K
Owns and owesPt X
$24.9M
net assets · Ln 32
Cash and savingsLn 1–2$185K
Total assetsLn 16$24.9M
LiabilitiesLn 26$22K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25.2M
Noncash giftsLn 1g$23.2M
Investment incomeLn 3$20
Total revenueLn 12$25.2M
Assets in detailPt X, end of year
SavingsLn 2$185K
Cash and savings togetherLn 1–2$185K
InvestmentsLn 11–13$24.7M
Total assetsLn 16$24.9M
LiabilitiesLn 26$22K
Net assetsLn 32$24.9M
OperationsPt I, VI
EmployeesI 52
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$185K
InvestmentsLn 11–13$24.7M
Total assetsLn 16$0$24.9M
LiabilitiesLn 26$0$22K
Net assetsLn 32$0$24.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Pay of current officers, directors and key staffLn 5$164K$164K
Other salaries and wagesLn 7$63K$63K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$17K$17K
Legal feesLn 11b$49K$49K
Accounting feesLn 11c$500$500
Office expensesLn 13$605$605
OccupancyLn 16$2K$2K
TravelLn 17$10K$10K
Conferences, conventions and meetingsLn 19$825$825
InsuranceLn 23$745$745
Other expenses (24a–d)Ln 24$26K$26K
Total functional expensesLn 25$337K$2K$335K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $25.2M$337K$24.9M$24.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $25,240,020 revenue, 12 lines filed
I-8 Contributions and grants$25,240,000
I-9 Program service revenue$0
I-10 Investment income$20
I-11 Other revenue$0
I-12 Total revenue$25,240,020
I-13 Grants and similar amounts paid$2,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$245,338
I-16a Professional fundraising fees$0
I-17 Other expenses$89,483
I-18 Total expenses$336,821
I-19 Revenue less expenses$24,903,199
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $25,240,020 across 6 lines filed
VIII-1d Related organizations$2,000,000
VIII-1f All other contributions, gifts and grants$23,240,000
VIII-1g Noncash contributions (included above)$23,240,000
VIII-1h Total contributions, gifts and grants$25,240,000
VIII-3 Investment incomeExcluded from tax $20$20
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20$25,240,020
Part IX · Statement of functional expenses $336,821 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000$2,000
IX-5 Pay of current officers, directors and key staffManagement $163,906$163,906
IX-7 Other salaries and wagesManagement $62,610$62,610
IX-8 Pension plan contributionsManagement $2,191$2,191
IX-10 Payroll taxesManagement $16,631$16,631
IX-11b Legal feesManagement $49,003$49,003
IX-11c Accounting feesManagement $500$500
IX-13 Office expensesManagement $605$605
IX-16 OccupancyManagement $2,159$2,159
IX-17 TravelManagement $10,134$10,134
IX-19 Conferences, conventions and meetingsManagement $825$825
IX-23 InsuranceManagement $745$745
IX-24 Other expenses (24a–d)Management $25,512$25,512
IX-25 Total functional expensesPrograms $2,000 · Management $334,821 · Fundraising $0$336,821
Part X · Balance sheet $24,925,448 assets, 8 lines filed
X-2 Savings and temporary cash investments$185,448
X-12 Other securities$24,740,000
X-16 Total assetsStart of year $0$24,925,448
X-17 Accounts payable and accrued expenses$22,249
X-26 Total liabilitiesStart of year $0$22,249
X-27 Net assets without donor restrictions$24,903,199
X-32 Total net assets or fund balancesStart of year $0$24,903,199
X-33 Total liabilities and net assetsStart of year $0$24,925,448
Part XI · Reconciliation of net assets $24,903,199 net assets at year end
XI-1 Total revenue$25,240,020
XI-2 Total expenses$336,821
XI-3 Revenue less expenses$24,903,199
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,903,199

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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