RISING TIDE CAPITAL INC AND SUBSIDIARIES Charity Report

Public IRS 990 nonprofit record

RISING TIDE CAPITAL INC AND SUBSIDIARIES

EIN 11-3720098 · Chambers of Commerce & Business Leagues (S41)

What they do

OUR MISSION is TRANSFORMING LIVES and COMMUNITIES THROUGH ENTREPRENEURSHIP. WE ASSIST ENTREPRENEURS IN ECONOMICALLY MARGINALIZED COMMUNITIES to BUILD LASTING BUSINESSES. OUR VISION is to BUILD INCLUSIVE COMMUNITIES of RESILIENT ENTREPRENEURS CATALYZING A THRIVING and SUSTAINABLE ECONOMY for ALL. THROUGH OUR SIGNATURE PROGRAMS, THE COMMUNITY BUSINESS ACADEMY (CBA), BUSINESS ACCELERATION SERVICES (BAS), and CREDIT to CAPITAL (C2C), WE PROVIDE HOLISTIC TECHNICAL ASSISTANCE, ACCESS to CAPITAL THROUGH PARTNERS and BUSINESS MANAGEMENT EDUCATION and COACHING. CBA is A COLLEGE-ACCREDITED COURSE PROVIDING BASIC SKILLS NEEDED to MANAGE and STRENGTHEN A BUSINESS. CLASSES ARE OFFERED IN ENGLISH and SPANISH, TAILORED to MEET VARIED IDENTITIES and EDUCATIONAL LEVELS. AS PART of BAS, OUR SUBJECT MATTER EXPERTS PREPARE ENTREPRENEURS for GROWTH. OUR C2C PROGRAM PROVIDES ACCESS to FINANCING FROM VETTED CDFIS. WITH A NETWORK of PARTNERS, RTC LICENSES ITS PROVEN MODEL to SCALE IMPACT IN MORE COMMUNITIES

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

114.28%of revenue went to mission work83.1% of expenses · Program services

13.67%of revenue went to fundraising9.9% of expenses

$137.51spent for every $100 of revenueSpending was higher than revenue this year.

9.56%of revenue went to management and office costs7.0% of expenses

$1.26in assets for every $1 spent this yearSome assets cannot be spent right away.

79.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,077,049 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $321,492 for ALFA DEMMELLASH (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,538,016

Mission workProgram services$6,328,636114.28% of revenue83.1% of expenses

ManagementOffice and general costs$529,5319.56% of revenue7.0% of expenses

FundraisingAsking for donations$756,89813.67% of revenue9.9% of expenses

Total expenses$7,615,065137.51% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.1% mission · 7.0% management · 9.9% fundraisingTotal expenses: 137.51% of revenue

2023Expense mix: 79.7% mission · 11.8% management · 8.5% fundraisingTotal expenses: 137.12% of revenue

2022Expense mix: 80.5% mission · 8.0% management · 11.5% fundraisingTotal expenses: 78.67% of revenue

2021Expense mix: 76.9% mission · 14.9% management · 8.2% fundraisingTotal expenses: 67.72% of revenue

2020Expense mix: 75.2% mission · 15.6% management · 9.2% fundraisingTotal expenses: 61.20% of revenue

2019Expense mix: 78.0% mission · 12.2% management · 9.8% fundraisingTotal expenses: 141.40% of revenue

2018Expense mix: 78.7% mission · 11.0% management · 10.2% fundraisingTotal expenses: 130.99% of revenue

2017Expense mix: 75.9% mission · 10.0% management · 14.1% fundraisingTotal expenses: 69.11% of revenue

Money in and money out

Revenue$5,538,016

Expenses$7,615,065

Annual shortfall $2,077,049 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,328,636 · 83.1% of expenses

Management and office costs$529,531 · 7.0% of expenses

Fundraising$756,898 · 9.9% of expenses

See all reported dollar amounts

Revenue$5,538,016

Expenses$7,615,065

Assets$9,628,408

Income$5,627,612

Contributions$4,426,231

Mission work (program services)$6,328,636

Fundraising$756,898

Management and general$529,531

Executive compensation (total)$815,700

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ALFA DEMMELLASHCHIEF EXECUTIVE OFFICER · 40 hrs/week $321,492Base $267,500 · Other $53,992

ALEX FORRESTERCHIEF OPERATING OFFICER · 40 hrs/week $304,835Base $245,452 · Other $59,383

JOYNICOLE MARTINEZCHIEF ADVANCEMENT OFFICER · 40 hrs/week $267,835Base $228,333 · Other $39,502

LOUISA COUSINSSENIOR DIRECTOR OF ANALYTICS & INFOR · 40 hrs/week $195,132Base $147,009 · Other $48,123

KRIS VAN NESTEXECUTIVE PRODUCER OF DIGITAL LEARNI · 40 hrs/week $188,335Base $149,648 · Other $38,687

SAMIRA COOKMANAGING DIRECTOR OF STRATEGIC PARTNERSHIPS · 40 hrs/week $187,580Base $140,347 · Other $47,233

CHRIS BREITENBERGDIRECTOR - NPP · 40 hrs/week $178,326Base $132,426 · Other $45,900

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

ALFA DEMMELLASHCHIEF EXECUTIVE OFFICER

ALEX FORRESTERCHIEF OPERATING OFFICER

JOYNICOLE MARTINEZCHIEF ADVANCEMENT OFFICER

LOUISA COUSINSSENIOR DIRECTOR OF ANALYTICS & INFOR

KRIS VAN NESTEXECUTIVE PRODUCER OF DIGITAL LEARNI

SAMIRA COOKMANAGING DIRECTOR OF STRATEGIC PARTNERSHIPS

CHRIS BREITENBERGDIRECTOR - NPP

JEFFREY ROBINSONBOARD MEMBER

JOE MASTERSONVICE CHAIR & SECRETARY OF THE BOARD

ANGELO STRACQUATANIOBOARD MEMBER

KIRAN HANDA GUADIOSOBOARD MEMBER

ANDRE DUGGINBOARD MEMBER

KRISTEN SHARPBOARD MEMBER

ANAND DEVENDRANFINANCE AND AUDIT COMMITTEE CHAIRMAN

MAURICE KUYKENDOLLTREASURER

PRESTON PINKETTBOARD MEMBER

AICHA BALLACHAIR

About this charity

Recognized since: January 2005
Location: 111 TOWN SQUARE PL PMB 56701, JERSEY CITY, NJ 07310-1755
County: Hudson
In care of: DR JOYNICOLE MARTINEZ
Primary officer: DR JOYNICOLE MARTINEZ, CHIEF ADVANCEMENT OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(201) 432-4316

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues