2017-11-13T13:21:37-06:00 2016-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2016-01-01 113720098 RISING TIDE CAPITAL INC RISI 2014324316 384 MARTIN LUTHER KING DRIVE JERSEY CITY NJ 07305 ALEX FORRESTER CHIEF OPERATIONS OFFICER 2014324316 2017-11-13 1 RON MATAN P01277732 9739949494 2017-11-13 96.225.92.15 2017-11-13 11:50:07 ES P 0FFB1CC1F4CCDACF95DFBECC59B6E52C80CE33BA A9828ADE4B4B0A61667A22AFFFD9E5DD50E0A9BD 2016 2017-02-10 21:41:12Z X ALEX FORRESTER 384 MARTIN LUTHER KING DRIVE JERSEY CITY NJ 07305 5416538 0 X WWW.RISINGTIDECAPITAL.ORG X 2004 NJ RISING TIDE CAPITAL IS DEDICATED TO THE ECONOMIC EMPOWERMENT OF LOW-INCOME COMMUNITIES THROUGH ENTREPRENEURSHIP. WE EQUIP ENTREPRENEURS IN DISTRESSED COMMUNITIES WITH THE SKILLS, TOOLS AND RESOURCES THEY NEED TO START AND GROW SUCCESSFUL BUSINESSES. OUR VISION IS TO HARNESS THE ENTREPRENEURIAL ENERGY THAT ALREADY EXISTS IN DISTRESSED COMMUNITIES AND USE IT TO TRANSFORM LIVES, STRENGTHEN FAMILIES, AND CREATE THRIVING, VIBRANT COMMUNITIES. 7 7 30 134 0 0 3073176 5252863 46493 151848 2568 7141 12102 4686 3134339 5416538 0 0 0 0 1604639 1727319 0 0 460617 1074542 1595129 2679181 3322448 455158 2094090 2841433 4706736 360612 131825 2480821 4574911 X RISING TIDE CAPITAL IS DEDICATED TO THE ECONOMIC EMPOWERMENT OF LOW-INCOME COMMUNITIES THROUGH ENTREPRENEURSHIP. WE EQUIP ENTREPRENEURS IN DISTRESSED COMMUNITIES WITH THE SKILLS, TOOLS AND RESOURCES THEY NEED TO START AND GROW SUCCESSFUL BUSINESSES. OUR VISION IS TO HARNESS THE ENTREPRENEURIAL ENERGY THAT ALREADY EXISTS IN DISTRESSED COMMUNITIES AND USE IT TO TRANSFORM LIVES, STRENGTHEN FAMILIES, AND CREATE THRIVING, VIBRANT COMMUNITIES. 0 0 2503020 151848 RISING TIDE CAPITAL PROVIDED INTENSIVE BUSINESS DEVELOPMENT SERVICES TO 962 ENTREPRENEURS DURING 2016. 385 PEOPLE GRADUATED FROM OUR COMMUNITY BUSINESS ACADEMY AND 634 PEOPLE RECEIVED ADVANCED SERVICES THROUGH OUR BUSINESS ACCELERATION SERVICES PROGRAM. THESE EFFORTS RESULTED IN 109 NEW BUSINESSES BEING STARTED DURING THE YEAR, 272 BUSINESSES STRENGTHENED/STABILIZED AND 187 BUSINESSES EXPANDED, CREATING A TOTAL OF 344 NEW JOBS. OUR CUMULATIVE RESEARCH FINDINGS SHOW THAT AT LEAST 2 YEARS AFTER GRADUATING, OUR ENTREPRENEURS SEE A 49% INCREASE IN HOUSEHOLD INCOME AND A 67% INCREASE IN THEIR BUSINESS SALES. 2503020 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 72 0 1 30 1 0 0 0 0 0 1 1 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 MATTHEWS 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 150002 0 21246 ALEX FORRESTER CHIEF OPERATING OFFICER 40.00 X 122004 0 1032 272006 0 22278 2 0 1 0 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT STREET PHILADELPHIA PA 19102 CONTROLLER 159391 1 403370 4849493 5252863 REPLICATION PROJECT F 611710 93348 93348 CBA AND BAS 611710 55500 55500 MONTCLAIR STATE PROGRA 611710 3000 3000 151848 7141 7141 4674 0 4674 4674 4674 OTHER INCOME 900099 12 12 12 5416538 151848 0 11827 X 294284 210772 15952 67560 1089610 780400 59062 250148 43841 31400 2376 10065 199796 139642 17219 42935 99788 71693 5319 22776 358 358 175424 175424 715355 665653 49125 577 47622 46305 1 1316 11397 4921 5381 1095 127615 103906 13839 9870 66256 47235 5542 13479 68590 53344 3230 12016 5057 3913 62 1082 8447 6052 601 1794 PROGRAM SEMINAR AND EVE 278470 275939 1008 1523 REPAIRS AND MAINTENANCE 43601 31657 2879 9065 PRINTING AND POSTAGE 35626 29838 1433 4355 FUNDRAISING COSTS 11311 350 0 10961 3322448 2503020 358811 460617 491027 319521 1500480 1163621 285500 2919655 444363 253058 111190 16625 59832 59061 1973 771 6900 33485 2841433 4706736 182031 105071 178581 26754 360612 131825 X 692485 735361 1788336 3839550 2480821 4574911 2841433 4706736 2094090 0 X X 0 1 X 1 0 X 2158857 2783770 1553526 3073176 5252863 14822192 2158857 2783770 1553526 3073176 5252863 14822192 1719065 13103127 828 1539 2195 2568 7141 14271 838 12102 101034 113974 14950437 216191 0.87640 0.91650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7155 6384 771 50877 50877 0 1800 1800 0 771 X 5691431 274893 274893 5416538 0 5416538 3597341 274893 274893 3322448 0 3322448 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 2016 AND 2015. AT DECEMBER 31, 2016 AND 2015, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. X X 0 0 0 0 0 0 0 0 0 ALFA DEMMELLASH CHIEF EXECUTIVE OFFICER 150002 0 0 0 0 0 0 0 21246 0 171248 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. 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 11,803. MANAGEMENT AND GENERAL EXPENSES 2,848. FUNDRAISING EXPENSES 577. TOTAL EXPENSES 15,228. PROGRAM INSTRUCTORS AND COUNSELORS: PROGRAM SERVICE EXPENSES 235,273. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 235,273. PROGRAM DEVELOPMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 418,577. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 418,577. ADMINISTRATIVE CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 46,277. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,277. 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.