EIN 11-3720098

Rising Tide Capital and Subsidiaries

IRS 501(c) type
501(c)(3)
Num. employees
42
Year formed
2004
Most recent tax filings
2022-12-01
Description
To assist struggling individuals and communities to build strong businesses which transform lives, strengthen families, and build sustainable communities.
Also known as...
Rising Tide Capital
Total revenues
$8,164,515
2022
Total expenses
$6,423,165
2022
Total assets
$14,713,399
2022
Num. employees
42
2022

Program areas at Rising Tide Capital and Subsidiaries

Rising Tide Capital provided intensive business development services to 968 entrepreneurs during 2022. 337 people graduated from our community business academy, 430 people received advanced technical support and coaching through our business acceleration services program, and 213 people received credit counseling, loan packaging, and access to Capital services through our credit to Capital program. During 2022 these efforts resulted in 28 new business starts, 356 business strengthened/stabilized, 177 business expanded, and the creation of 187 new jobs (92 f.t.e.). Within two years of graduating the community business academy, our entrepreneurs experience an average 75% increase in business revenue and 56% increase in household income. Our national program partnerships (npp) program, which licenses the Rising Tide model to partner organizations in communities nationwide to accelerate their development and impact as local entrepreneurship support hubs, supported 12 partner organizations in 2022, including the training and launch of partners in three new states. Our partner organizations served a total of 750 entrepreneurs in 2022, bringing the total number of entrepreneurs served by the Rising Tide model in 2022 to 1,718.

Who funds Rising Tide Capital and Subsidiaries

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Stand Together FoundationGeneral Operating$1,595,000
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$600,000
Grameen AmericaProgram Support$550,000
...and 24 more grants received totalling $5,427,820

Personnel at Rising Tide Capital and Subsidiaries

NameTitleCompensation
Alfa DemmellashChief Executive Officer and Founder$250,000
Alex ForresterChief Operating Officer and Founder$229,352
Moses AdegboyegaChief Finance and Administration Officer$149,927
Andrea GeroldiChief of Staff$72,433
Joynicole MartinezChief Advancement Officer$160,586
...and 16 more key personnel

Financials for Rising Tide Capital and Subsidiaries

RevenuesFYE 12/2022
Total grants, contributions, etc.$7,301,927
Program services$550,483
Investment income and dividends$19,431
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$240,741
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$51,933
Total revenues$8,164,515

Form 990s for Rising Tide Capital and Subsidiaries

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-09990View PDF
2019-122021-02-26990View PDF
2018-122020-01-03990View PDF
...and 9 more Form 990s

Organizations like Rising Tide Capital and Subsidiaries

OrganizationLocationRevenue
Renaissance Entrepreneurship CenterSan Francisco, CA$5,570,660
Inquiring SystemsSanta Rosa, CA$8,358,126
Nashville Entrepreneur Center (EC)Nashville, TN$3,275,516
Maryland Capital EnterprisesSalisbury, MD$4,365,107
JumpStartCleveland, OH$21,511,113
WomenVentureSt Paul, MN$3,555,294
Center for Women and EnterpriseBoston, MA$4,411,162
TechTownDetroit, MI$15,845,749
Business Outreach Center Network IncorporatedBrooklyn, NY$5,405,936
The Enterprise Center (TEC)Philadelphia, PA$6,353,979
Data update history
January 29, 2024
Updated personnel
Identified 8 new personnel
January 2, 2024
Received grants
Identified 13 new grant, including a grant for $1,595,000 from Stand Together Foundation
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Updated personnel
Identified 2 new personnel
December 24, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
EducationBusiness and industry
Characteristics
Receives government fundingManagement and technical assistanceGala fundraisersTax deductible donations
General information
Address
311 Martin Luther King Dr
Jersey City, NJ 07305
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
risingtidecapital.org/ 
Phone
(201) 432-4316
Facebook page
risingtidecapital 
Twitter profile
@risingtideorg 
IRS details
EIN
11-3720098
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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