Rising Tide Capital Inc
Rising Tide Capital Inc
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About this organization
Mission
Rising Tide Capital's mission is to transform lives and communities through entrepreneurship. Our vision: Inclusive communities of resilient entrepreneurs catalyzing a thriving and sustainable economy for all.
About
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.
Interesting data from their 2020 990 filing
The non-profit's mission is outlined in the filing as being “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.”.
When outlining its responsibilities, they were referred to as: “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.”.
- The state in which the non-profit operates has been officially reported as NJ.
- The filing reveals the non-profit's address in 2020 to be 384 MARTIN LUTHER KING DRIVE, JERSEY CITY, NJ, 07305.
- As per the non-profit's form for 2020, they have 30 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$1,145,851.
- The organization has 7 independent voting members.
- The organization was formed in 2004.
- The organization pays $2,358,816 in salary, compensation, and benefits to its employees.
- The organization pays $496,163 in fundraising expenses.
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