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Organizations Community Improvement & Capacity Building Rising Tide Capital Inc. and Subsidiaries

Rising Tide Capital Inc. and Subsidiaries

Fiscal year ending 2021. Filed on November 15, 2022.

311 Martin Luther King Drive
Jersey City, New Jersey 07305

Rising Tide Capital Inc. and Subsidiaries (EIN: 11-3720098) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Rising Tide Capital Inc. and Subsidiaries, a 501(c)(3) charitable organization, reported compensation for 9 out of 38 total employees. Among the employees shown here, the average compensation is $151,205. The highest compensated employee at Rising Tide Capital Inc. and Subsidiaries is Alfa Demmellash with fiscal year 2021 compensation of $197,382. Rising Tide Capital Inc. and Subsidiaries changed its name from Rising Tide Capital Inc. in 2021.

Revenue, expenses, and employee compensation

Revenue

$7,829,523

Expenses

$5,302,000

Employee compensation

$3,304,840
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alfa Demmellash
Chief Executive Officer
$197,382
$180,000 No related comp$17,382
Alex Forrester
Chief Operating Officer
$184,169
$160,000 No related comp$24,169
Moses Adegboyega
Chief Finance and Administration Officer
$171,503
$148,770 No related comp$22,733
Andrea Geroldi
Chief of Staff
$169,552
$160,795 No related comp$8,757
Kris van Nest
Executive Producer of Digital Learning
$147,998
$133,900 No related comp$14,098
Louisa Cousins
Senior Director of Analytics and Information Systems
$143,767
$120,995 No related comp$22,772
Joseph Savulich
Managing Director of Mission Ventures
$141,054
$125,994 No related comp$15,060
Jamie Rudolph
Development Director
$122,674
$101,377 No related comp$21,297
Gillian Sarjeant-Allen
Executive Director - NJ - Ending 7/31/2021
$82,745
$69,651 No related comp$13,094

Benchmark Employee Compensation

Non-Employee Board Members

Aicha Balla
Board Member
Alejandro Ros
Board Member
Anand Devendran
Committee Chair
Ariadne Papagitos
Board Member
Doug Forrester
Chair
Joe Masterson
Secretary
John Mahoney
Vice Chair
Kristen Sharp
Board Member
Matthew Barnes
Board Member
Maurice Kuykendoll
Treasurer - Beginning 7/1/2021
Ron Gravino
Treasurer - Ending 7/1/2021

Contractors

Consilience LLC
Consulting
$184,935
Pmg
Repairs/Maintenance
$168,264
Neighborhood Trust Fin Partns I
Consulting
$110,000

Mission Statement

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

Revisions to this organization profile

November 14, 2025:
2024 Rising Tide Capital Inc. and Subsidiaries 990 filed
November 15, 2024:
2023 Rising Tide Capital Inc. and Subsidiaries 990 filed
April 5, 2024:
Amended (originally filed November 15, 2023)2022 Rising Tide Capital Inc. and Subsidiaries 990 filed

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