RISING TIDE CAPITAL INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- RISING TIDE CAPITAL INC (EIN 11-3720098)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2024-04-05
- IRS object ID
- 202420969349300037
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-05T12:22:54-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 293 EISENHOWER PARKWAY 2ND FLOOR | AddressLine1Txt |
| City | LIVINGSTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07039 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113720098 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RISING TIDE CAPITAL INC | BusinessNameLine1Txt |
| Business Name Line2 | AND SUBSIDIARIES | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RISI | BusinessNameControlTxt |
| Phone | 2014324316 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 311 MARTIN LUTHER KING DRIVE | AddressLine1Txt |
| City | JERSEY CITY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07305 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALEX FORRESTER | PersonNm |
| Person Title | CHIEF OPERATIONS OFFICER | PersonTitleTxt |
| Phone | 2014324316 | PhoneNum |
| Signature | 2024-04-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ALEX | PersonFirstNm |
| Person Last | FORRESTER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TARA DEL GAVIO | PreparerPersonNm |
| PTIN | P02438051 | PTIN |
| Phone | 9739949494 | PhoneNum |
| Preparation | 2024-04-05 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Principal Officer | ALEX FORRESTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 311 MARTIN LUTHER KING DRIVE | AddressLine1Txt |
| City | JERSEY CITY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,164,515 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.RISINGTIDECAPITAL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | 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 | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 42 | TotalEmployeeCnt |
| Total Volunteers | 97 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,431,391 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,301,927 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $392,103 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $550,483 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,029 | PYInvestmentIncomeAmt |
| CY Investment Income | $19,431 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,000 | PYOtherRevenueAmt |
| CY Other Revenue | $292,674 | CYOtherRevenueAmt |
| PY Total Revenue | $7,829,523 | PYTotalRevenueAmt |
| CY Total Revenue | $8,164,515 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,304,840 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,750,968 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $566,171 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,997,160 | PYOtherExpensesAmt |
| CY Other Expenses | $2,672,197 | CYOtherExpensesAmt |
| PY Total Expenses | $5,302,000 | PYTotalExpensesAmt |
| CY Total Expenses | $6,423,165 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,527,523 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,741,350 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $11,292,323 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,713,399 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,295,707 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,975,433 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,996,616 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $10,737,966 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | RISING TIDE CAPITAL INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO TRANSFORM LIVES AND COMMUNITIES THROUGH ENTREPRENEURSHIP. RISING TIDE AIMS TO EXPAND ITS PROVEN MODEL AND PROGRAMS TO SERVE MORE ECONOMICALLY CHALLENGED INDIVIDUALS AND FAMILIES FOR WHOM ENTREPRENEURSHIP REPRESENTS AN IMPORTANT OPPORTUNITY FOR RESILIENCE, GROWTH, STABILITY, AND INCOME GENERATION. WE ARE DRIVEN BY A VISION OF STRONG COMMUNITIES OF RESILIENT ENTREPRENEURS CATALYZING A THRIVING AND SUSTAINABLE ECONOMY FOR ALL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,117,867 | ExpenseAmt |
| Revenue | $550,483 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $5,117,867 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 179 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 42 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALEX FORRESTER | PersonNm |
| Phone | 2014324316 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 311 MARTIN LUTHER KING DRIVE | AddressLine1Txt |
| City | JERSEY CITY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07305 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DOUG FORRESTER | |||||||
| CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MAURICE KUYKENDOLL | |||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ALFA DEMMELLASH | |||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | Yes (X) | $250,000 | $0 | $21,400 | |
| ANAND DEVENDRAN | |||||||
| COMMITTEE CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MATTHEW BARNES | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ALEJANDRO ROS | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| AICHA BALLA | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KRISTEN SHARP | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JOE MASTERSON | |||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MOSES ADEGBOYEGA | |||||||
| CHIEF FINANCE AND ADMINISTRATION OFF | 40.00 | Yes (X) | Yes (X) | $149,927 | $0 | $24,778 | |
| ALEX FORRESTER | |||||||
| CHIEF OPERATING OFFICER | 40.00 | Yes (X) | $229,352 | $0 | $27,716 | ||
| ANDREA GEROLDI | |||||||
| CHIEF OF STAFF | 40.00 | Yes (X) | $72,433 | $0 | $4,450 | ||
| JOYNICOLE MARTINEZ | |||||||
| CHIEF ADVANCEMENT OFFICER | 40.00 | Yes (X) | $160,586 | $0 | $6,396 | ||
| LOUISA COUSINS | |||||||
| SENIOR DIRECTOR OF ANALYTICS & INFOR | 40.00 | $134,352 | $0 | $23,876 | Yes (X) | ||
| JAMIE RUDOLPH | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $114,272 | $0 | $21,997 | Yes (X) | ||
| JOSEPH SAVULICH | |||||||
| MANAGING DIRECTOR OF MISSION VENTURE | 40.00 | $130,517 | $0 | $16,865 | Yes (X) | ||
| KRIS VAN NEST | |||||||
| EXECUTIVE PRODUCER OF DIGITAL LEARNI | 40.00 | $136,879 | $0 | $14,891 | Yes (X) | ||
| SAMIRA COOK | |||||||
| MANAGING DIRECTOR OF STRATEGIC PARTNERSHIPS | 40.00 | $141,972 | $0 | $24,317 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,520,290 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $186,686 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CONSILIENCE LLC | |||||
| 3347 QUESADA ST NW | WASHINGTON | DC | 20015 | CONSULTING | $190,300 |
| YOH | |||||
| PO BOX 654068 | DALLAS | TX | 75265 | $125,520 | |
| LIFT INC | |||||
| 999 NORTH CAPITOL ST NE SUITE 3 | WASHINGTON | DC | 20002 | $123,500 | |
| LIRIA PARTNERS LLC | |||||
| 139 HIGH OAKS DRIVE | WARREN | NJ | 07059 | $119,220 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $264,293 | GovernmentGrantsAmt |
| All Other Contributions | $7,037,634 | AllOtherContributionsAmt |
| Total Contributions | $7,301,927 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONTRACT SERVICES | 541610 | $366,403 | $366,403 |
| NATIONAL PROGRAM PARTN | 611710 | $72,893 | $72,893 |
| LICENSING FEES | 561499 | $69,500 | $69,500 |
| CBA AND BAS | 611710 | $41,687 | $41,687 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $550,483 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,431 | TotalRevenueColumnAmt |
| Exclusion | $19,431 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $240,741 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $240,741 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $240,741 | TotalRevenueColumnAmt |
| Exclusion | $240,741 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $51,933 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,933 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $51,933 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,164,515 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $602,416 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $260,172 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $947,038 | TotalAmt |
| Program Services | $738,689 | ProgramServicesAmt |
| Management And General | $85,234 | ManagementAndGeneralAmt |
| Fundraising | $123,115 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,195,925 | TotalAmt |
| Program Services | $1,712,822 | ProgramServicesAmt |
| Management And General | $347,672 | ManagementAndGeneralAmt |
| Fundraising | $135,431 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,432 | TotalAmt |
| Program Services | $62,737 | ProgramServicesAmt |
| Management And General | $7,239 | ManagementAndGeneralAmt |
| Fundraising | $10,456 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,569 | TotalAmt |
| Program Services | $198,564 | ProgramServicesAmt |
| Management And General | $22,911 | ManagementAndGeneralAmt |
| Fundraising | $33,094 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,004 | TotalAmt |
| Program Services | $212,943 | ProgramServicesAmt |
| Management And General | $24,570 | ManagementAndGeneralAmt |
| Fundraising | $35,491 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,452 | TotalAmt |
| Program Services | $5,642 | ProgramServicesAmt |
| Management And General | $347 | ManagementAndGeneralAmt |
| Fundraising | $463 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,500 | TotalAmt |
| Program Services | $18,330 | ProgramServicesAmt |
| Management And General | $2,115 | ManagementAndGeneralAmt |
| Fundraising | $3,055 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,512,977 | TotalAmt |
| Program Services | $1,322,970 | ProgramServicesAmt |
| Management And General | $81,322 | ManagementAndGeneralAmt |
| Fundraising | $108,685 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,162 | TotalAmt |
| Program Services | $8,706 | ProgramServicesAmt |
| Management And General | $1,005 | ManagementAndGeneralAmt |
| Fundraising | $1,451 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,802 | TotalAmt |
| Program Services | $117,695 | ProgramServicesAmt |
| Management And General | $49,109 | ManagementAndGeneralAmt |
| Fundraising | $33,998 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,038 | TotalAmt |
| Program Services | $43,710 | ProgramServicesAmt |
| Management And General | $7,285 | ManagementAndGeneralAmt |
| Fundraising | $5,043 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,800 | TotalAmt |
| Program Services | $13,884 | ProgramServicesAmt |
| Management And General | $2,314 | ManagementAndGeneralAmt |
| Fundraising | $1,602 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,047 | TotalAmt |
| Program Services | $89,737 | ProgramServicesAmt |
| Management And General | $14,956 | ManagementAndGeneralAmt |
| Fundraising | $10,354 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $138,442 | TotalAmt |
| Program Services | $107,985 | ProgramServicesAmt |
| Management And General | $17,997 | ManagementAndGeneralAmt |
| Fundraising | $12,460 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,803 | TotalAmt |
| Program Services | $13,887 | ProgramServicesAmt |
| Management And General | $1,602 | ManagementAndGeneralAmt |
| Fundraising | $2,314 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EQUIPMENT, SOFTWARE AND | $294,895 | $230,018 | $38,336 | $26,541 |
| PRINTING AND POSTAGE | $78,989 | $61,611 | $10,269 | $7,109 |
| PROGRAM SEMINAR AND EVE | $73,899 | $57,641 | $9,607 | $6,651 |
| PROGRAM MARKETING AND O | $40,956 | $31,946 | $5,324 | $3,686 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,435 | TotalAmt |
| Program Services | $68,350 | ProgramServicesAmt |
| Management And General | $9,913 | ManagementAndGeneralAmt |
| Fundraising | $5,172 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,423,165 | TotalAmt |
| Program Services | $5,117,867 | ProgramServicesAmt |
| Management And General | $739,127 | ManagementAndGeneralAmt |
| Fundraising | $566,171 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,020,022 | BOYAmt |
| EOY | $2,021,495 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,505,275 | BOYAmt |
| EOY | $3,938,613 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,942,198 | BOYAmt |
| EOY | $3,778,017 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,315 | BOYAmt |
| EOY | $382,493 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,945 | BOYAmt |
| EOY | $53,173 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,718,129 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $202,760 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,545,568 | BOYAmt |
| EOY | $4,515,369 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $24,239 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,292,323 | BOYAmt |
| EOY | $14,713,399 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $367,513 | BOYAmt |
| EOY | $429,578 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $428,194 | BOYAmt |
| EOY | $493,539 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,052,316 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,500,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,295,707 | BOYAmt |
| EOY | $3,975,433 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,291,616 | BOYAmt |
| EOY | $5,721,516 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,705,000 | BOYAmt |
| EOY | $5,016,450 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,996,616 | BOYAmt |
| EOY | $10,737,966 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,292,323 | BOYAmt |
| EOY | $14,713,399 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,741,350 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,573,705 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,920,590 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,510,076 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,322,131 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,301,927 | CurrentTaxYearAmt |
| Total | $29,628,429 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,573,705 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,920,590 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,510,076 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,322,131 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,301,927 | CurrentTaxYearAmt |
| Total | $29,628,429 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $7,635,924 | SubstantialContributorsTotAmt |
| Public Support Total170 | $21,992,505 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,663 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,547 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,347 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,029 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,431 | CurrentTaxYearAmt |
| Total | $63,017 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $51,933 | CurrentTaxYearAmt |
| Total | $51,933 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $29,743,379 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,395,444 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.73940 | PublicSupportCY170Pct |
| Public Support PY170 | 0.60450 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $434,300 | OtherCostOrOtherBasisAmt |
| Book Value | $434,300 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,099,527 | OtherCostOrOtherBasisAmt |
| Depreciation | $54,976 | DepreciationAmt |
| Book Value | $1,044,551 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,740,698 | OtherCostOrOtherBasisAmt |
| Depreciation | $133,937 | DepreciationAmt |
| Book Value | $2,606,761 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $122,066 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,847 | DepreciationAmt |
| Book Value | $108,219 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $321,538 | OtherCostOrOtherBasisAmt |
| Book Value | $321,538 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,515,369 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,261,570 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $97,055 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $97,055 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,164,515 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,164,515 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,520,220 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $97,055 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $97,055 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,423,165 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,423,165 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2021 AND 2020. AT DECEMBER 31, 2021 AND 2020, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | BAD DEBT EXPENSE |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALFA DEMMELLASH | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $250,000 | $0 | $0 | $0 | $0 | $0 | $12,500 | $0 | $8,900 | $0 | $271,400 | $0 | $0 | $0 |
| ALEX FORRESTER | ||||||||||||||
| CHIEF OPERATING OFFICER | $229,352 | $0 | $0 | $0 | $0 | $0 | $11,500 | $0 | $16,216 | $0 | $257,068 | $0 | $0 | $0 |
| MOSES ADEGBOYEGA | ||||||||||||||
| CHIEF FINANCE AND ADMINISTRATION OFF | $149,927 | $0 | $0 | $0 | $0 | $0 | $7,649 | $0 | $17,129 | $0 | $174,705 | $0 | $0 | $0 |
| JOYNICOLE MARTINEZ | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | $160,586 | $0 | $0 | $0 | $0 | $0 | $6,296 | $0 | $100 | $0 | $166,982 | $0 | $0 | $0 |
| SAMIRA COOK | ||||||||||||||
| MANAGING DIRECTOR OF STRATEGIC PARTN | $141,972 | $0 | $0 | $0 | $0 | $0 | $7,290 | $0 | $17,027 | $0 | $166,289 | $0 | $0 | $0 |
| LOUISA COUSINS | ||||||||||||||
| SENIOR DIRECTOR OF ANALYTICS & INFOR | $134,352 | $0 | $0 | $0 | $0 | $0 | $6,849 | $0 | $17,027 | $0 | $158,228 | $0 | $0 | $0 |
| KRIS VAN NEST | ||||||||||||||
| EXECUTIVE PRODUCER OF DIGITAL LEARNI | $136,879 | $0 | $0 | $0 | $0 | $0 | $5,991 | $0 | $8,900 | $0 | $151,770 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | 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 AND UTILIZES APPROPRIATE MARKET DATA TO DETERMINE EXECUTIVE COMPENSATION. EXECUTIVE PERFORMANCE REVIEW IS DONE ANNUALLY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | RISING TIDE CAPITAL WAS CO-FOUNDED BY ALFA DEMMELLASH AND ALEX FORRESTER, WHO ARE MARRIED AND WHO SERVE AS CEO AND COO, RESPECTIVELY. THE FOUNDING CHAIR OF THE BOARD WAS DOUGLAS FORRESTER (ALEX'S FATHER), WHOSE SERVICE ON THE BOARD ENDED IN 2022. THE BOARD CONSISTS ENTIRELY OF INDEPENDENT, NON-RELATED PARTIES. NO OTHER FAMILY RELATIONSHIP EXISTS WITHIN THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | AS PART OF THE ORGANIZATION'S ANNUAL AUDIT, THE FORM 990 IS ALSO PREPARED BY AN INDEPENDENT CPA. ACCURACY OF ALL INFORMATION AND STATEMENTS IS CONFIRMED BY MANAGEMENT AND SUBMITTED TO THE BOARD FOR REVIEW 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 PUBLISHED BY ORGANIZATIONS SUCH AS CANDID, PROPUBLICA AND THE COUNCIL OF NONPROFITS. THE DATA INFLUENCES DECISION-MAKING REGARDING COMPENSATION LEVELS ASSESSED DURING THE ANNUAL PERFORMANCE PERIOD. THE BOARD EXECUTIVE COMPENSATION TASK FORCE ANNUALLY REVIEWS THE PERFORMANCE OF THE CEO AND COO AND UTILIZES APPROPRIATE MARKET DATA TO DETERMINE EXECUTIVE COMPENSATION. |
| 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,322,970. MANAGEMENT AND GENERAL EXPENSES 81,322. FUNDRAISING EXPENSES 108,685. TOTAL EXPENSES 1,512,977. |
| 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. |
| FORM 990, PAGE 1 | AMENDED RETURN: THE FUNCTIONAL EXPENSE SCHEDULE WAS AMENDED TO ADJUST AMOUNTS REPORTED TO AGREE TO THE AUDITED FINANCIAL STATEMENTS. IN ADDITION, SCHEDULE B WAS UPDATED TO INCLUDE THE FULL NAMES OF MAJOR DONORS. |