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
Personnel at Rising Tide Capital and Subsidiaries
| Name | Title | Compensation | Date of data |
|---|
| Alfa Demmellash | Chief Executive Officer and Founder | $250,000 | 2024-01-29 |
| Alex Forrester | Chief Operations Officer | $229,352 | 2024-04-05 |
| Moses Adegboyega | Chief Finance and Administration Officer | $149,927 | 2022-12-31 |
| Andrea Geroldi | Chief of Staff | $72,433 | 2022-12-31 |
| Joynicole Martinez | Chief Advancement Officer | $160,586 | 2022-12-31 |
| ...and 16 more key personnel |
Financials for Rising Tide Capital and Subsidiaries
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $7,301,927 | $7,431,391 | -1.7% |
| Program services | $550,483 | $392,103 | 40.4% |
| Investment income and dividends | $19,431 | $3,029 | 541.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $240,741 | $3,000 | 7924.7% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $51,933 | $0 | 999% |
| Total revenues | $8,164,515 | $7,829,523 | 4.3% |
Organizations like Rising Tide Capital and Subsidiaries
| Organization | Type | Location | Revenue |
|---|
| Women's Business Development Center (WBDC) | 501(c)(3) | Chicago, IL | $14,903,762 |
| Ventures | 501(c)(3) | Seattle, WA | $2,657,913 |
| Industrial Technology Assistance Corporation (ITAC) | 501(c)(3) | New York, NY | $2,316,835 |
| The Acceleration Project | 501(c)(3) | Scarsdale, NY | $2,068,944 |
| Skysthelimit Org | 501(c)(3) | Oakland, CA | $2,571,830 |
| Aileron Corp | 501(c)(3) | Tipp City, OH | $8,735,903 |
| Greater Boston Manufacturing Partnership Incorporated | 501(c)(3) | Plymouth, MA | $3,329,927 |
| Didtechnology | 501(c)(3) | New York, NY | $4,136,416 |
| Womens Business Development Council (WBDC) | 501(c)(3) | Stamford, CT | $6,726,773 |
| Women's Economic Self-Sufficiency Team (WESST) | 501(c)(3) | Albuquerque, NM | $2,406,839 |
Data update history
August 26, 2024
Received grants
Identified 8 new grant, including a grant for $300,000 from Prudential Foundation January 29, 2024
Updated personnel
Identified 8 new personnel
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Employment organizationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
Receives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
- Address
- 311 Martin Luther King Dr
- Jersey City, NJ 07305
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- Hudson County, NJ
- Website URL
- risingtidecapital.org/Â
- Phone
- (201) 432-4316
- Facebook page
- risingtidecapitalÂ
- Twitter profile
- @risingtideorgÂ
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
- 611430: Professional and Management Development Training
- Parent/child status
- Independent
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