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

Rising Tide Capital Inc. and Subsidiaries

Fiscal year ending 2022. Filed on April 5, 2024.

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 2022 IRS Form 990 filing, Rising Tide Capital Inc. and Subsidiaries, a 501(c)(3) charitable organization, reported compensation for 10 out of 42 total employees. Among the employees shown here, the average compensation is $170,698. The highest compensated employee at Rising Tide Capital Inc. and Subsidiaries is Alfa Demmellash with fiscal year 2022 compensation of $271,400. Rising Tide Capital Inc. and Subsidiaries changed its name from Rising Tide Capital Inc. in 2021.

Revenue, expenses, and employee compensation

Revenue

$8,164,515

Expenses

$6,423,165

Employee compensation

$3,750,968
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alfa Demmellash
Chief Executive Officer
$271,400
$250,000 No related comp$21,400
Alex Forrester
Chief Operating Officer
$257,068
$229,352 No related comp$27,716
Moses Adegboyega
Chief Finance and Administration OFF
$174,705
$149,927 No related comp$24,778
Joynicole Martinez
Chief Advancement Officer
$166,982
$160,586 No related comp$6,396
Samira Cook
Managing Director of Strategic Partnerships
$166,289
$141,972 No related comp$24,317
Louisa Cousins
Senior Director of Analytics and Infor
$158,228
$134,352 No related comp$23,876
Kris van Nest
Executive Producer of Digital Learni
$151,770
$136,879 No related comp$14,891
Joseph Savulich
Managing Director of Mission Venture
$147,382
$130,517 No related comp$16,865
Jamie Rudolph
Development Director
$136,269
$114,272 No related comp$21,997
Andrea Geroldi
Chief of Staff
$76,883
$72,433 No related comp$4,450

Benchmark Employee Compensation

Non-Employee Board Members

Aicha Balla
Board Member
Alejandro Ros
Board Member
Anand Devendran
Committee Chair
Doug Forrester
Chair
Joe Masterson
Secretary
Kristen Sharp
Board Member
Matthew Barnes
Board Member
Maurice Kuykendoll
Treasurer

Contractors

Consilience LLC
Consulting
$190,300
Yoh
$125,520
Lift Inc.
$123,500
Liria Partners LLC
$119,220

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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