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ALPHA LIGHT FUND INCORPORATED

ITHACA, NY · EIN 822440761 · Form 990 · FY2024 · NTEE B82 · Education · Medium ($1M-$10M) · alphalightfund.org
revenue
$4.8M
expenses
$493K
net assets
$7.3M
employees
0
volunteers
11
program ratio
79%
mission · from form 990

SUPPORTS INITIATIVES FOR STUDENTS AND YOUNG ADULTS THAT EMPOWER THEM TO MAKE SUCCESSFUL CONTRIBUTIONS TO THEIR PERSONAL DEVELOPMENT AND TO SOCIETY.

profile · synthesized from sources

Alpha Light Fund Incorporated operates the House of Alpha Leadership Institute (HoALI) in Ithaca, NY, a cultural and leadership hub serving students and young adults. The organization provides a residential and programmatic space rooted in Black cultural legacy, offering workshops, events, and mentorship to develop leadership and community impact. HoALI, launching in Fall 2025, is housed in a 10,000+ sq. ft. renovated facility adjacent to Cornell University.

named programs · 3 · from sources

What they call their work

Alpha Light Fund Community Collective
Initiative supporting entrepreneurship, art exhibitions, and equity-focused summits to drive systemic change and cultural expression within the Black community.
HoALI Cultural Center & Residence
10,000+ sq. ft. facility providing student housing, event space, and cultural programming; serves as a residence for up to 13 students and hosts gatherings for up to 100 guests.
House of Alpha Leadership Institute (HoALI)
Leadership hub offering workshops, events, and mentorship for students and young professionals, centered on seven guiding pillars that promote personal development, civic leadership, and cultural legacy.
activities · 3 groups

What they do

  • Community Space Provision 1 activity
    • Host community events in dedicated gallery and outdoor spaces
      Hosts community events in a main-floor gallery space with indoor capacity for up to 100 guests and outdoor capacity for up to 50 guests, fostering engagement and cultural programming.
  • Campus Facility Operations and Management 1 activity
    • Operate a cultural and leadership hub for multigenerational changemakers
      Operates a 10,000 sq. ft. facility in Ithaca that serves as a cultural and leadership hub, featuring an industrial kitchen, common rooms, study spaces, outdoor patio, multipurpose spaces, and a student residence with 13 resident rooms and a Live-In Advisor suite. The space supports personal development and community engagement for students and young adults.
  • Uncategorized 1 activity
    • Facilitate facility development through partnerships with minority- and women-owned businesses
      Developed and renovated the HoALI facility through collaboration with at least four minority- and women-owned businesses, integrating equity and inclusive economic participation into the construction and operational model.
financials · form 990 · fy2024
revenue
Total revenue$4.81M
Contributions & grants$4.81M100%
Program service revenue$00%
Investment income$1K0%
Other revenue$0
expenses
Total expenses$493K
Program expenses79%
Admin / overhead6%
Fundraising15%
Salaries & benefits$0
Grants paid out$50K
Largest expense lineProfessional Fees
balance sheet
Total assets$11.13M
Cash$179K
Investments$0
Liabilities$3.87M
Net assets$7.27M
Liquid reserves4.4 mo
3 years on record · 2021–2024 · YoY revenue +2651.2%
leadership · form 990 part vii · fy2024

Who runs it

board members · 11
  • DENNIS MITCHELL — PRESIDENT
  • EARNEST ELMORE — DIRECTOR
  • FRANK WILKINSON — DIRECTOR
  • GLENN GREGORY — TREASURER
  • MAX AGGREY — DIRECTOR
  • NIGEL TELMAN — DIRECTOR
  • REGINALD WHITE — DIRECTOR
  • ROGER BAILEY — DIRECTOR
  • RONALD JOSEPH — DIRECTOR
  • SHAWN LEE — VP & SECRETARY
  • SHAWN ROBERTSON — DIRECTOR
relationships · 1

Who they work with

  • Cornell University Partner — Located adjacent to the Cornell University campus; serves as a cultural and leadership hub for students and the broader community.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Personal Development as Pathway to Societal Contribution
    methodology: personal_development_empowerment
    By investing in the personal development of students and young adults, the organization enables them to become empowered contributors to society, because individual growth and self-awareness are foundational to meaningful and sustained civic engagement.
  • Seven-Pillars Framework for Lasting Impact
    methodology: seven_pillars_framework
    By structuring programs and gatherings around seven guiding pillars, the organization fosters intentional learning and collaboration, which in turn produces lasting social impact because the framework provides a consistent, values-driven foundation for changemakers to grow and act collectively.