Rising Tide Ministries
- Assets
- $698.4k
- Revenue
- $277.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- Data as of
- 12/2022
- EIN
- 81-5245080
Organization Overview
Rising Tide Ministries is located in Corpus Christi, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rising Tide Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rising Tide Ministries generated $277.9k in total revenue. All expenses for the organization totaled $157.4k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RISING TIDE MINISTRIES HELPS PEOPLE FIND THEIR PASSION WHICH LEADS TO FULFILLED LIVES, INCREASED QUALITY OF LIFE, INCREASED EARNING POTENTIAL IN ADDITION TO OFFERING ETERNAL LIFE THROUGH JESUS CHRIST. THIS TRAINING ENABLES THEM TO OBTAIN EMPLOYMENT OR BETTER EMPLOYMENT. WE SERVE AS A CENTRAL HUB IN WHICH NOT FOR PROFITS CAN WORK TOGETHER TO AVOID THE DUPLICATION OF SERVICES AND THEREFORE AVOID WASTING RESOURCES WHILE BRINGING NEEDED RESOURCES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 RISING TIDE MINISTRIES SERVED OVER 1400 CLIENTS THROUGH A VARIETY OF PROGRAMS. RTM HOSTS CLASSES TO ENABLE OUR CLIENTS TO OBTAIN EMPLOYMENT OR BETTER EMPLOYMENT. CLASSES INCLUDE WORD, EXCEL, POWERPOINT, PUBLISHER, ESL, GOOGLE IT OFFICE PROFESSIONAL CERTIFICATION, FINDING $$ FOR COLLEGE. WE OFFER ASSISTANCE WITH RESUME, JOB SEARCH AND PROVIDE FUNDS FOR CERTIFICATES TO HELP CLIENTS OBTAIN EMPLOYMENT. WE ASSIST IN OBTAINING ID BECAUSE A LACK OF ID STOPS PEOPLE FROM GAINING EMPLOYMENT. WE FACILITATED 79 HOMELESS INDIVIDUALS BEING REUNITED WITH THEIR FAMILIES IN OTHER PARTS OF THE COUNTRY THROUGH OUR A WAY HOME PROGRAM. OUR SAFE AT HOME PROGRAM ASSISTED 23 ELDERLY HOMEOWNERS ADDRESS SAFETY ISSUES IN THEIR HOMES, ALLOWING THEM TO STAY IN THEIR HOMES SAFER LONGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Gerdes President | Trustee | 60 | $25,300 |
Adrina Reyes Secretary | Officer | 25 | $4,950 |
Marilyn Gloetzner Board Member | Officer | 30 | $4,000 |
Richard Gloetzner Vice President | Officer | 25 | $0 |
Catherine O'hagan Board Member | Officer | 5 | $0 |
John Reyes Member | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,628 |
| Total Program Service Revenue | $111,013 |
| Investment income | $236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,857 |
| Advertising and promotion | $0 |
| Office expenses | $1,902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,588 |
| Insurance | $8,300 |
| All other expenses | $0 |
| Total functional expenses | $157,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,270 |
| Savings and temporary cash investments | $31,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,721 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $628,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $698,436 |
| Accounts payable and accrued expenses | $3,282 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $408,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $411,282 |
| Net assets without donor restrictions | $287,154 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $698,436 |