NonprofitsRising Tide Capital Inc

Community Improvement & Capacity Building

Rising Tide Capital Inc

JERSEY CITY, NJ

Total revenue

$5.5M

Total expenses

$7.6M

Net assets

$5.3M

Grants received

$18.7M

113 grants

EIN

113720098

Tax year

2024

Mission

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

Financials

FY 2024

Revenue

Contributions & grants$4.4M
Program service revenue$666K
Investment income$445K
Other revenue
Total revenue$5.5M

Expenses

Grants paid
Salaries & benefits$4.7M
Fundraising$757K
Other expenses$2.9M
Total expenses$7.6M
Total assets$9.6M
Net assets$5.3M

People

17 listed

NameRoleCompensation

ALFA DEMMELLASH

CHIEF EXECUTIVE OFFICER

Board

$268K

40 hrs/wk

ALEX FORRESTER

CHIEF OPERATING OFFICER

Board

$245K

40 hrs/wk

JOYNICOLE MARTINEZ

CHIEF ADVANCEMENT OFFICER

Board

$228K

40 hrs/wk

PRESTON PINKETT

BOARD MEMBER

Board

2 hrs/wk

MAURICE KUYKENDOLL

TREASURER

Board

2 hrs/wk

KRISTEN SHARP

BOARD MEMBER

Board

2 hrs/wk

AICHA BALLA

CHAIR

Board

2 hrs/wk

JOE MASTERSON

VICE CHAIR & SECRETARY OF THE BOARD

Board

2 hrs/wk

ANAND DEVENDRAN

FINANCE AND AUDIT COMMITTEE CHAIRMAN

Board

2 hrs/wk

ANDRE DUGGIN

BOARD MEMBER

Board

2 hrs/wk

ANGELO STRACQUATANIO

BOARD MEMBER

Board

2 hrs/wk

JEFFREY ROBINSON

BOARD MEMBER

Board

2 hrs/wk

KIRAN HANDA GUADIOSO

BOARD MEMBER

Board

2 hrs/wk

KRIS VAN NEST

EXECUTIVE PRODUCER OF DIGITAL LEARNI

Staff

$150K

40 hrs/wk

LOUISA COUSINS

SENIOR DIRECTOR OF ANALYTICS & INFOR

Staff

$147K

40 hrs/wk

SAMIRA COOK

MANAGING DIRECTOR OF STRATEGIC PARTNERSHIPS

Staff

$140K

40 hrs/wk

CHRIS BREITENBERG

DIRECTOR - NPP

Staff

$132K

40 hrs/wk

Independent contractors

YOH

CONSULTING SERVICES FOR SALES FORCE

$278K

POC COLLABORATIVE COMMUNITY RESOURCE CEN

STAND TOGETHER PASS THROUGH GRANT TO POC

$275K

CONSILIENCE LLC

FUTURE TIDE PARTNERS ONSULTING

$167K

LIRIA PARTNERS LLC

TRAINING & CONTENT DEVELOPMENT WITH NATI

$165K

PEACOCK PRINTING & GRAPHICS LLC

PRINTING & PUBLICATIONS

$102K

Grants received

Showing 113 of 113

FromAmountPurposeYear
$500K
GENERAL SUPPORT
2024
$380K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$300K
SMALL BUSINESS RESILIENCE, RECOVERY AND GROWTH INITIATIVE
2024
$50K
COMMUNITY DEVEL
2024
$30K
TO SUPPORT GENERAL OPERATIONS
2024
$10K
PURCHASE OF EQUIPMENT.
2024
$5K
GENERAL OPERATING EXPENSES
2024
$3K
General & Unrestricted
2024
$500K
GENERAL SUPPORT
2023
$400K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
$300K
Jobs and Family Economic Security
2023
$300K
SMALL BUSINESS RESILIENCE, RECOVERY AND GROWTH INITIATIVE
2023
$215K
CHARITABLE PURPOSES
2023
$200K
ENTREPRENEURSHIP
2023
$150K
PROGRAM SUPPORT
2023
$103K
For grant recipient's exempt purposes
2023
$100K
GENERAL OPERATING SUPPORT
2023
$75K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
$60K
STRENGTHENING SMALL BUSINESSES IN NEW JERSEY
2023
$50K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$50K
COMMUNITY DEVEL
2023
$50K
PROGRAM/OPERATING SUPPORT
2023
$30K
TO SUPPORT GENERAL OPERATIONS
2023
$22K
Neighborhood Revitalization
2023
$15K
Strengthening New Jerseys Small Businesses
2023
$10K
PURCHASE OF COMPUTER EQUIPMENT.
2023
$5K
Assists low income minority women entrepreneurs and small businesses in Essex and Union counties with education and access to capital
2023
$3K
General & Unrestricted
2023
$1.6M
GENERAL OPERATING
2022
$600K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
$550K
PROGRAM SUPPORT
2022
$500K
GENERAL SUPPORT
2022
$500K
GENERAL SUPPORT
2022
$300K
SMALL BUSINESS RESILIENCE, RECOVERY AND GROWTH INITIATIVE
2022
$300K
launch a high-impact university-accredited entrepreneurship training curriculum, a proven, technology-supported program management methodology with a Salesforce-based longitudinal outcome tracking system into 6-8 new cities
2022
$250K
CHARITABLE PURPOSES
2022
$100K
GENERAL OPERATING SUPPORT
2022
$72K
For grant recipient's exempt purposes
2022
$60K
STRENGTHENING SMALL BUSINESSES IN NEW JERSEY
2022
$54K
Neighborhood Revitalization
2022
$50K
FOR: SUPPORT OF NEW JERSEY OPERATIONS
2022
$50K
GENERAL OPERATING SUPPORT
2022
$30K
GENERAL SUPPORT
2022
$30K
PROGRAM/OPERATING SUPPORT
2022
$30K
TO SUPPORT GENERAL OPERATIONS
2022
$25K
GENERAL SUPPORT
2022
$10K
Learning for Harmony Education Inclusivity Program
2022
$10K
PURCHASE OF EQUIPMENT.
2022
$3K
General & Unrestricted
2022
$50
VOLUNTEER PROGRAM
2022
$350K
PROMOTING SMALL BUSINESS RECOVERY IN NEWARK'S NORTH AND EAST WARDS
2021
$300K
launch a high-impact university-accredited entrepreneurship training curriculum, a proven, technology-supported program management methodology with a Salesforce-based longitudinal outcome tracking system into 6-8 new cities
2021
$225K
NEWARK SMALL BUSINESS RESILIENCE & RECOVERY INITIATIVE
2021
$150K
PROGRAM SUPPORT
2021
$77K
For grant recipient's exempt purposes
2021
$77K
For grant recipient's exempt purposes
2021
$60K
SMALL BUSINESS RESILIENCE, RECOVERY AND GROWTH INITIATIVE
2021
$50K
IN SUPPORT OF 501C3 PURPOSE
2021
$44K
Neighborhood Revitalization
2021
$30K
TO SUPPORT YOUR WORK IN NEWARK
2021
$1.8M
FOR THE ATLAS PROGRAM BOOKS AND VIDEOS UNDER THE SUPERVISION OF STEVE MARRIOTTI
2020
$550K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2020
$524K
General Operating
2020
$500K
GENERAL SUPPORT
2020
$400K
GENERAL SUPPORT
2020
$250K
leverage the power of entrepreneurship by providing technical assistance and accelerations services to small businesses resulting in increased financial security, self-sufficiency and economic opportunity for low-income families and children
2020
$225K
NEWARK SMALL BUSINESS RESILIENCE & RECOVERY INITIATIVE
2020
$150K
TO FURTHER DONEES EXEMPT PURPOSE
2020
$125K
COVID grant to Black-led orgs
2020
$100K
TOWARD THE COSTS OF PROVIDING TECHNICAL ASSISTANCE, COACHING, AND BUSINESS SUPPORT SERVICES FOR LOW-INCOME BLACK AND LATINX ENTREPRENEURS IN NEWARK, N.J
2020
$100K
CHARITABLE PURPOSES
2020
$62K
For grant recipient's exempt purposes
2020
$60K
SMALL BUSINESS RESILIENCE, RECOVERY AND GROWTH INITIATIVE
2020
$50K
General Operating
2020
$50K
GENERAL SUPPORT
2020
$40K
DESIGNATED PAYMENT BY ALFA DEMMELLASH AND ALEX FORRESTER, 2020 HEINZ AWARDS WINNER - TECHNOLOGY
2020
$35K
IN SUPPORT OF 501C3 PURPOSE
2020
$31K
Neighborhood Revitalization
2020
$30K
TO SUPPORT GENERAL OPERATIONS
2020
$25K
CHARITABLE PURPOSES
2020
$23K
General Support
2020
$20K
SMALL BUSINESS RESILIENCE AND RECOVERY INITIATIVE
2020
$20K
COMMUNITY BUSINESS ACADEMY AND BUSINESS ACCELERATION SERVICES FOR LOW-INCOME ENTREPRENEURS
2020
$10K
PURCHASE OF EQUIPMENT.
2020
$10K
CHARITABLE PURPOSES - DISASTER RELIEF
2020
$1K
GENERAL SUPPORT
2020
General Charitable Purposes of Donee Organization.
2020
$475K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$250K
leverage the power of entrepreneurship by providing technical assistance and accelerations services to small businesses resulting in increased financial security, self-sufficiency and economic opportunity for low-income families and children
2019
$55K
NEW JERSEY SMALL BUSINESS RESILIENCE AND RECOVERY INITIATIVE
2019
$26K
For grant recipient's exempt purposes
2019
$13K
NEIBORHOOD REVITALIZATION
2019
$300
GENERAL OPERATING SUPPORT
2019
$475K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018
$150K
RTC NEWARK PROGRAM EXPANSION AND CAPACITY-BUILDING INNOVATION PROJECT
2018
$30K
PROGRAM/OPERATING SUPPORT
2018
$25K
PROGRAM/OPERATING SUPPORT
2018
$3K
GENERAL OPERATING SUPPORT
2018
$770
PROGRAM/OPERATING SUPPORT
2018

Funded by

$18.7M from 43 funders · 113 grants · 2018–2024

Jpmorgan Chase Foundation

$2.9M · 8 grants · 2018–2024

Novo Foundation

$2.5M · 5 grants · 2020–2024

Stand Together Foundation

$2.1M · 2 grants · 2020–2022

The Prudential Foundation

$1.9M · 7 grants · 2018–2024

Diana Davis Spencer Foundation Inc

$1.8M · 1 grant · 2020

WK Kellogg Foundation

$1.4M · 5 grants · 2019–2023

Grameen America Inc

$850K · 3 grants · 2021–2023

Beth And Ravenel Curry Foundation

$750K · 3 grants · 2021–2023

Details

EIN113720098
NTEE codeS41
Subsection03
Ruling date2005-06
Formed2004
Employees40
Volunteers89
RISING TIDE CAPITAL INC — Mission, Financials & Grants Received | Grantivo