2019-11-13T14:36:34-06:00 2018-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2018-01-01 113720098 RISING TIDE CAPITAL INC RISI 2014324316 384 MARTIN LUTHER KING DRIVE JERSEY CITY NJ 07305 JAY SAVULICH CHIEF OPERATIONS OFFICER 2014324316 2019-11-13 1 RON MATAN P01277732 9739949494 2019-11-13 96.225.92.15 2019-11-13 13:53:48 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4C84F2E4754EDABD1601D80A9BA97309DA3F6D80 2018 2020-01-14 16:20:31Z JAY SAVULICH 384 MARTIN LUTHER KING DRIVE JERSEY CITY NJ 07305 3698042 0 X WWW.RISINGTIDECAPITAL.ORG X 2004 NJ RISING TIDE CAPITAL, INC. IS A NON-PROFIT ORGANIZATION COMMITTED TO THE ECONOMIC EMPOWERMENT OF LOW-INCOME COMMUNITIES THROUGH ENTREPRENEURSHIP. OUR MISSION IS TO ASSIST LOW-INCOME ENTREPRENEURS TO BUILD STRONG BUSINESSES THAT TRANSFORM LIVES, STRENGTHEN FAMILIES AND CREATE VIBRANT, SUSTAINABLE NEIGHBORHOODS. WE HELP TO BUILD MORE INCLUSIVE, RESILIENT AND HEALTHY LOCAL ECONOMIES IN THE COMMUNITIES WHERE RISING TIDE ENTREPRENEURS LIVE AND WORK. OUR VISION IS TO CREATE A REPLICABLE MODEL FOR HIGH-QUALITY ENTREPRENEURIAL DEVELOPMENT SERVICES THAT CAN BE LOCALLY ADOPTED IN OTHER LOW-INCOME COMMUNITIES AND USED AS A CATALYST FOR SOCIAL AND ECONOMIC EMPOWERMENT. 7 7 30 107 0 0 5776840 3573705 96132 103674 9444 15135 5467 5528 5887883 3698042 0 0 0 0 1889462 2358816 0 0 496163 2179517 2485077 4068979 4843893 1818904 -1145851 6648576 5551981 254761 304017 6393815 5247964 X RISING TIDE CAPITAL, INC. IS A NON-PROFIT ORGANIZATION COMMITTED TO THE ECONOMIC EMPOWERMENT OF LOW-INCOME COMMUNITIES THROUGH ENTREPRENEURSHIP. OUR MISSION IS TO ASSIST LOW-INCOME ENTREPRENEURS TO BUILD STRONG BUSINESSES THAT TRANSFORM LIVES, STRENGTHEN FAMILIES AND CREATE VIBRANT, SUSTAINABLE NEIGHBORHOODS. WE HELP TO BUILD MORE INCLUSIVE, RESILIENT AND HEALTHY LOCAL ECONOMIES IN THE COMMUNITIES WHERE RISING TIDE ENTREPRENEURS LIVE AND WORK. OUR VISION IS TO CREATE A REPLICABLE MODEL FOR HIGH-QUALITY ENTREPRENEURIAL DEVELOPMENT SERVICES THAT CAN BE LOCALLY ADOPTED IN OTHER LOW-INCOME COMMUNITIES AND USED AS A CATALYST FOR SOCIAL AND ECONOMIC EMPOWERMENT. 0 0 3813215 103674 RISING TIDE CAPITAL PROVIDED INTENSIVE BUSINESS DEVELOPMENT SERVICES TO 1,110 ENTREPRENEURS DURING 2018. 461 PEOPLE GRADUATED FROM OUR COMMUNITY BUSINESS ACADEMY AND 710 PEOPLE RECEIVED ADVANCED SERVICES THROUGH OUR BUSINESS ACCELERATION SERVICES PROGRAM. THESE EFFORTS RESULTED IN 104 NEW BUSINESSES BEING STARTED DURING THE YEAR, 317 BUSINESSES STRENGTHENED/STABILIZED AND 339 BUSINESSES EXPANDED, CREATING A TOTAL OF 425 NEW JOBS WHICH INCLUDES 228 FTES. WITHIN TWO YEARS AFTER GRADUATING, OUR ENTREPRENEURS EXPERIENCE AN AVERAGE 95% INCREASE IN BUSINESS REVENUE AND 63% INCREASE IN HOUSEHOLD INCOME. 3813215 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 106 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY X ALEX FORRESTER 2014324316 384 MARTIN LUTHER KING DRIVE JERSEY CITY NJ 07305 DOUG FORRESTER CHAIRMAN 2.00 X X 0 0 0 JOHN MAHONEY VICE CHAIRMAN 2.00 X X 0 0 0 RON GRAVINO TREASURER 2.00 X X 0 0 0 ARIADNE PAPAGAPITOS SECRETARY 2.00 X X 0 0 0 ANAND DEVENDRAN TRUSTEE 2.00 X 0 0 0 MATTHEW BARNES TRUSTEE 2.00 X 0 0 0 ALEX ROS TRUSTEE 2.00 X 0 0 0 ALFA DEMMELLASH CHIEF EXECUTIVE OFFICER 40.00 X 160173 0 35025 ALEX FORRESTER CHIEF STRATEGY AND INNOVATION OFFICER 40.00 X 139831 0 6790 JAY SAVULICH CHIEF OPERATING OFFICER 40.00 X 118757 0 21356 418761 0 63171 3 0 1 0 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT STREET PHILADELPHIA PA 19102 CONTROLLER & ACCOUNTANT 203849 1 414715 3158990 3573705 NATIONAL PROGRAM PARTN 611710 54003 54003 CBA AND BAS 611710 49671 49671 103674 15135 15135 5528 0 5528 5528 5528 3698042 103674 0 20663 X 481933 363434 42242 76257 1486362 1113677 136216 236469 40511 31543 2729 6239 208500 164725 12124 31651 141510 107323 11839 22348 325 325 218819 218819 1422606 1306086 49437 67083 63722 63542 180 15598 9900 3843 1855 189002 162139 12246 14617 116145 75324 26890 13931 56331 32446 9685 14200 35284 30667 238 4379 15705 8425 5700 1580 PROGRAM SEMINAR AND EVE 291704 291704 PRINTING AND POSTAGE 36419 33716 847 1856 REPAIRS AND MAINTENANCE 23397 18564 1335 3498 FUNDRAISING COSTS 20 20 4843893 3813215 534515 496163 232840 841987 2794642 2957299 2850000 772170 329800 242761 84461 185947 604249 59832 319878 544417 36955 7400 6648576 5551981 218817 200348 35590 103669 354 254761 304017 X 910253 1107195 5483562 4140769 6393815 5247964 6648576 5551981 -1145851 0 X X 0 1 X 1 0 X 1553526 3073176 5252863 5776840 3573705 19230110 1553526 3073176 5252863 5776840 3573705 19230110 8714293 10515817 2195 2568 7141 14911 20663 47478 838 12102 101034 113974 19391562 349211 0.54230 0.59500 X 7155 7155 0 127677 52677 75000 469417 469417 544417 X 3895552 197510 197510 3698042 0 3698042 5041403 197510 197510 4843893 0 4843893 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAXES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED 2018 AND 2017. AT DECEMBER 31, 2018 AND 2017, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. X X 0 0 0 0 0 0 0 0 0 ALFA DEMMELLASH CHIEF EXECUTIVE OFFICER 160173 0 0 0 0 0 7947 0 27078 0 195198 0 0 0 PART I, LINE 3 RISING TIDE CAPITAL USES ANNUALLY UPDATED MARKET RESEARCH ABOUT NONPROFIT COMPENSATION FOR ORGANIZATIONS OF SIMILAR SIZE, MISSION, AND GEOGRAPHIC LOCATION. THIS INFORMATION IS PUBLISHED BY PROFESSIONALS FOR NONPROFITS AND GUIDE STAR. THE DATA INFLUENCES THE CEO'S DECISION ABOUT STAFF COMPENSATION DURING ANNUAL PERFORMANCE REVIEWS OF EACH STAFF MEMBER. THE BOARD EXECUTIVE COMPENSATION TASK FORCE REVIEWS ANNUALLY THE PERFORMANCE OF THE CEO AND COO, TAKING FINANCIAL, PROGRAM AND ORGANIZATIONAL PERFORMANCE FACTORS INTO ACCOUNT ALONG WITH APPROPRIATE MARKET DATA TO DETERMINE EXECUTIVE COMPENSATION. EXECUTIVE PERFORMANCE REVIEW IS DONE ANNUALLY IN MAY OF EACH YEAR. X 1 75000 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DOUGLAS FORRESTER, CHAIRMAN OF THE BOARD, IS THE FATHER OF ALEX FORRESTER, COO, AND FATHER IN-LAW OF ALFA DEMMELLASH, CEO. ALFA DEMMELLASH, CEO, IS MARRIED TO ALEX FORRESTER, COO. FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION OF THE ORGANIZATION'S ANNUAL AUDIT, THE CEO, COO AND CONTROLLER TO GATHER INFORMATION TO COMPLETE THE FORM 990 AND APPROVED BY THE BOARD FOR ACCURACY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY DISCLOSURE FORM AT THE TIME OF BEGINNING SERVICE AT RISING TIDE CAPITAL. DISCLOSURE FORMS ARE REVIEWED BY THE GOVERNANCE COMMITTEE AND REQUIRED TO BE RENEWED ANNUALLY, OR AT ANY POINT THAT A NEW POTENTIAL CONFLICT EMERGES. FORM 990, PART VI, SECTION B, LINE 15 RISING TIDE CAPITAL USES ANNUALLY UPDATED MARKET RESEARCH ABOUT NONPROFIT COMPENSATION FOR ORGANIZATIONS OF SIMILAR SIZE, MISSION, AND GEOGRAPHIC LOCATION. THIS INFORMATION IS PUBLISHED BY PROFESSIONALS FOR NONPROFITS AND GUIDE STAR. THE DATA INFLUENCES THE CEO'S DECISION ABOUT STAFF COMPENSATION DURING ANNUAL PERFORMANCE REVIEWS OF EACH STAFF MEMBER. THE BOARD EXECUTIVE COMPENSATION TASK FORCE REVIEWS ANNUALLY THE PERFORMANCE OF THE CEO, AND COO, TAKING FINANCIAL, PROGRAM AND ORGANIZATIONAL PERFORMANCE FACTORS INTO ACCOUNT ALONG WITH APPROPRIATE MARKET DATA TO DETERMINE EXECUTIVE COMPENSATION. EXECUTIVE PERFORMANCE REVIEW IS DONE ANNUALLY IN MAY OF EACH YEAR. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST, RISING TIDE CAPITAL WILL FORWARD ALL INFORMATION REQUIRED BY LAW PLUS PROMOTIONAL MATERIAL TO THE REQUESTOR. FORM 990, PART VI, SECTION C, LINE 19 RISING TIDE CAPITAL MAKES ITS GOVERNNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 5,191. MANAGEMENT AND GENERAL EXPENSES 637. FUNDRAISING EXPENSES 986. TOTAL EXPENSES 6,814. PROGRAM INSTRUCTORS AND COUNSELORS: PROGRAM SERVICE EXPENSES 249,796. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 249,796. PROGRAM DEVELOPMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 148,684. MANAGEMENT AND GENERAL EXPENSES 60. FUNDRAISING EXPENSES 56,585. TOTAL EXPENSES 205,329. ADMINISTRATIVE CONSULTANT: PROGRAM SERVICE EXPENSES 78,335. MANAGEMENT AND GENERAL EXPENSES 48,740. FUNDRAISING EXPENSES 9,512. TOTAL EXPENSES 136,587. RESEARCH & PUBLICATIONS: PROGRAM SERVICE EXPENSES 824,080. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 824,080. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.