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Rising Tide Effect FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)Recreation & SportsEIN 85-3590574Revenue $91K in FY2022

On file with the IRSrisingtideeffect.org165 Court St 117, 11201-4345 · Brooklyn, NYTax-exempt since Jan 2021Publicly supported charity — 170(b)(1)(A)(vi)

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To eliminate death by drowning and provide quality swimming lessons and water safety education to underserved socioeconomic regions and groups.

501(c)(3) charity; gifts are tax-deductible.
$113K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $14K a year · 5% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
122%
of spending
Looks good: 122% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 104% of spending
Concern: pay to officers and key staff is 104% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $248K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 11 voting members
Looks good: 6 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$91K
Spent
$109K
To programs
122%
Net assets
$5K
By yearFY2022–FY2024
Revenue
$91K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$91K
FY2023$321K
FY2024$540K
Expenses
$109K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$109K
FY2023$339K
FY2024$547K
Net assets
$5K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$5K
FY2023−$68K
FY2024−$75K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

122 cents of each dollar spent went to programs.

Program services 122% · $133K Management & general 43% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation
Kaitlin Krause
Executive Director
$56,500Pt VII · Sec A
Kaitlin Krause
Executive Di
$56,500Pt VII · Sec A
$0Pt VII · Sec A
Camesha Grant
Board Member
$0Pt VII · Sec A
Georgia Harrell
Board Member
$0Pt VII · Sec A
Lucy Rorech
Board Member
$0Pt VII · Sec A
Camesha Grant
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Kaitlin Krause’s $93K as Executive Director is at the 89th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022
Kaitlin Krause$92,692$56,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Teaches swimming and water safety to underserved communities to prevent drowning.

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Provided by the organization

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2 programs · $231K · in their own filed words · FY2022
01

Provide instructional swim programs for underserved communities

$133Kprogram expense
02

Provide instructional swim programs for underserved communities.

$98Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$100K
Related Affordable Foundation INCFY2024$68K
Chelsea Piers FoundationFY2024$60K
National Philanthropic TrustFY2024$10K
Stew Leonard III Water Safety Foundation INCFY2024$10K
W P Carey FoundationFY2024$250
Total grants receivedfrom 6 funders$248K
See all 6 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$91K
Ln 12
Gifts and grantsLn 1h$162K
Money outPt IX
$109K
Ln 25
Programscol B$133K
Managementcol C$47K
Owns and owesPt X
$5K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$3K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Total revenueLn 12$91K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$3K
Net assetsLn 32$5K
OperationsPt I, VI
EmployeesI 521
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $540K$547K−$7K−$75K 990 PDF
FY2023 $321K$339K−$18K−$68K 990 PDF
FY2022 Viewing $91K$109K−$18K$5K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (1 part)
Part VI · Governance 6 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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