Slingshot Development Fund
- Assets
- $3.0m
- Revenue
- $110.3k
- Investments
- $2.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 45-0579461
Organization Overview
Slingshot Development Fund is located in Seattle, WA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slingshot Development Fund 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, Slingshot Development Fund generated $110.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $592.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Slingshot Development Fund has awarded 115 individual grants totaling $3,732,929. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janelle Choi Hillhouse Secretary | 10 | $15,300 | |
Katherine Redford President | 0.25 | $0 | |
Nai Aue Mon Vice-Preside | 0.25 | $0 | |
Marco Simons Director | 0.25 | $0 | |
Larry Dohrs Treasurer | 1 | $0 | |
Naing Htoo Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,327 |
| Dividends & Interest | $36,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,834 |
| Capital Gain Net Income | $2,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,625 |
| Interest | $0 |
| Taxes | $749 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,127 |
| Printing and publications | $0 |
| Other expenses | $17,838 |
| Total operating and administrative expenses | $61,035 |
| Contributions, gifts, grants paid | $531,048 |
| Total expenses and disbursements | $592,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,949 |
| Savings and temporary cash investments | $50,292 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $6,779 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,006,153 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Slingshot Development Fund has awarded $531,048 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BORDER HEALTH INITIATIVE PURPOSE: HEALTHCARE | $19,166 |
CANDLELIGHT PURPOSE: COMMUNITY DEVELOPMENT | $51,673 |
DAWEI DEVELOPMENT ASSOCIATION PURPOSE: LAND & ENVIRONMENT TRAININGS | $23,052 |
HUMAN RIGHTS FOUNDATION OF MONLAND PURPOSE: HUMANITARIAN RELIEF | $22,080 |
DAWEI WATCH ASSOCIATION PURPOSE: YOUTH TRAININGS | $29,048 |
LARRY DOHRS PURPOSE: HUMANITARIAN RELIEF SUPPLIES | $1,068 |