Slingshot Fund Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Slingshot Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slingshot Fund Inc 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 Fund Inc generated $790.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $709.2k during the year ending 12/2022. While expenses have increased by 9.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Slingshot Fund Inc has awarded 14 individual grants totaling $175,533. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SLINGSHOT MOBILIZES YOUNG JEWISH PHILANTHROPISTS AS FUNDERS AND ACTIVE CHANGE AGENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMATICALLY, THIS WAS A BANNER YEAR FOR SLINGSHOT. WE LAUNCHED OUR FLAGSHIP PROGRAM THE SLINGSHOT FELLOWSHIP, BRINGING TOGETHER 10 AMAZING YOUNG PHILANTHROPISTS WHO ARE POISED FOR SIGNIFICANT COMMUNAL LEADERSHIP (SEE MORE INFORMATION AND PROFILES BELOW.) WE STARTED A MENTORING PROGRAM BRINGING ACCOMPLISHED FUNDERS TOGETHER WITH EMERGING FUNDERS. WE ARE EXPLORING WHAT IT LOOKS LIKE TO APPLY A RACIAL EQUITY LENS TO GRANTMAKING AND LEARNING ABOUT NEW WAYS OF RESPONSIBLY HOLDING POWER AND MOVING MONEY. WE'VE TRAINED BOARD MEMBERS, HELD BOOK GROUPS. WE'VE PICKLED AND SHARED DINNER IN A SUKKAH AND WE'VE WRESTLED WITH SOME OF THE BIGGEST ISSUES FACING THE JEWISH WORLD.SEE SCHEDULE OOPERATIONALLY, WE ARE FUNCTIONING MORE EFFICIENTLY TO DEPLOY PROGRAMS AND RESOURCES. SLINGSHOT'S FIRST DIRECTOR OF COMMUNITY DEVELOPMENT, SARAH STRNAD JUST CELEBRATED HER ONE-YEAR ANNIVERSARY WITH US. HAVING HER ON OUR TEAM ENSURES THAT WE HAVE DEDICATED FOCUS ON PROGRAM RECRUITMENT, CONNECTING COMMUNITY MEMBERS TO ONE ANOTHER AND STRENGTHENING THE SLINGSHOT BRAND THROUGHOUT THE JEWISH COMMUNITY. ADDITIONALLY, THE SLINGSHOT BOARD IS STEPPING UP TO LEAD US THROUGH THESE HISTORIC TIMES WITH THOUGHTFUL AND INTENTIONAL GOVERNANCE AND OVERSIGHT. THE GLOBAL PANDEMIC HAS CHANGED HOW WE ALL UNDERSTAND THE WORK/LIFE BALANCE ISSUE. IT RAISED ISSUES FOR US ABOUT OUR POLICIES AND PRACTICES. WITHOUT AN OFFICE HOME LIFE INTERSECTED WITH WORK LIFE AND THE NORMAL 9-5 WORKDAY BECAME OBSOLETE. NO ONE UNDERSTOOD THIS BETTER THAN OUR BOARD OF YOUNG PEOPLE WHO WERE ALSO BALANCING WORK AND HOME LIFE. AS A RESULT, IN SEPTEMBER OF THIS YEAR THE BOARD PASSED TWO IMPORTANT AND GROUNDBREAKING POLICIES WHICH WE HOPE TO SEE MORE OF IN THE JEWISH COMMUNITY DEMONSTRATING TRUE LEADERSHIP FROM WITHIN THE COMMUNITY OF YOUNG DONORS.BOARD LEADERSHIP: WE RAN THREE BOARD LEADERSHIP TRAININGS WITH PJSF X 2164 (THE PAUL AND JENNA SEGAL FOUNDATION AND 2164), ONE IN NOVEMBER 2018, FEBRUARY 2019 AND NOVEMBER 2019. WE HAD NEARLY 30 PEOPLE TAKE OUR COURSE. IN 2020, WE WILL RUN 2-3 TRAININGS IN PARTNERSHIP WITH LOCAL PARTNERS. POTENTIAL PARTNERS INCLUDE THE COMMUNITIES OF SAN FRANCISCO, ATLANTA, LOS ANGELES, DETROIT, NEW YORK CITY, AND CHICAGO. *RESOURCES FOR THE FIELD: SLINGSHOT PUBLISHED MONEY, GENDER, AND POWER: A GUIDE TO FUNDING WITH A GENDER LENS IN SEPTEMBER 2019. THIS RESOURCE, A TOOL FOR YOUNG, JEWISH PHILANTHROPISTS AND BEYOND, GIVES FUNDERS THE NECESSARY GUIDEPOSTS TO INCORPORATE A GENDER LENS INTO THEIR PHILANTHROPY. IT ALSO APPLIES A JEWISH LENS TO THE WORK, BRINGING JEWISH WISDOM TO BEAR IN THE CALL TO GENDER JUSTICE. IN THE FIRST MONTH, WE HAVE ALREADY DISSEMINATED THE GUIDE TO OVER 1000 PEOPLE AND HOSTED A LAUNCH PARTY IN SAN FRANCISCO. THE RESPONSE HAS BEEN OVERWHELMING AND WE ARE CURRENTLY DEVELOPING AN ASSOCIATED CURRICULUM AND TRAINING TO BETTER HELP FUNDERS IMPLEMENT A GENDER LENS INTO THEIR WORK. WE ANTICIPATE LAUNCHING THAT TRAINING NATIONALLY IN SPRING 2020. AS WE PLAN FOR THE FUTURE, WE ARE IN INITIAL DISCUSSIONS ABOUT OUR NEXT PUBLICATION - A GUIDE TO FUNDING WITH A RACIAL EQUITY LENS. THIS IS A TIMELY ISSUE FOR OUR CONSTITUENTS, PARTICULARLY IN LIGHT OF THE RECENT STUDY SHOWING THAT NEARLY 20% OF THE JEWISH COMMUNITY ARE PEOPLE OF COLOR. ACTION CIRCLES: IN MAY 2018 OUR FIRST ACTION CIRCLE FOCUSED ON ANTI SEMITISM COMPLETED AN EIGHT-PART EDUCATIONAL SERIES, LEARNING MORE ABOUT HOW ANTI-SEMITISM IS PLAYING OUT TODAY. THEY LEARNED FROM A WIDE RANGE OF LEADERS INCLUDING RABBI JILL JACOBS FROM T'RUAH, RABBIS AND OTHERS WHO ENGAGED WITH THE 2019 WOMEN'S MARCH ORGANIZERS, RESEARCHERS FROM THE U.S. HOLOCAUST MUSEUM, THE EXECUTIVE DIRECTOR OF THE JCRC IN BOSTON, ERIC WARD FROM WESTERN STATES CENTER, AND STOSH COTLER FROM BEND THE ARC. WE ARE MOVING INTO THE NEXT PHASE OF THE WORK WHERE MEMBERS OF THE GROUP WILL TAKE ACTION TOGETHER, COLLECTIVELY FUNDING THE CREATION OF AN ANTI-RACISM/ANTI BIAS TRAINING FOR JEWISH FUNDERS AND COMMUNITY INFLUENCERS. THIS INAUGURAL PILOT PROVIDES AN OPPORTUNITY TO EXPERIMENT WITH VARIOUS FACILITATION MODELS AND TEST IDEAS. OUR GOAL IS TO HAVE A REPLICABLE MODEL THAT CAN BE DEPLOYED AROUND ANY ISSUE. OUR SECOND ACTION CIRCLE WILL LAUNCH IN 2020, AND WE ARE ALREADY IN EARLY STAGES OF RECRUITMENT.BOARD MATCHING: WE SECURED FUNDING TO DEVELOP A METHODOLOGY FOR PAIRING TRAINED YOUNG PHILANTHROPISTS WITH ORGANIZATIONS THAT ARE LOOKING TO EXPAND AND DIVERSIFY THEIR BOARDS. WE HIRED REBECCA YOUNGERMAN OF RGY CONSULTING TO CONDUCT A LANDSCAPE SCAN AND NEEDS ASSESSMENT. WE WANT TO BETTER UNDERSTAND WHAT IS WORKING AND WHAT IS BROKEN IN THE JEWISH COMMUNITY SO THAT WE CAN EMPLOY THE PROPER INTERVENTIONS TO BETTER INTEGRATE OUR POPULATIONS INTO LEADERSHIP POSITIONS. WE ARE IN THE EARLY STAGES OF PARTNERSHIPS WITH SEVERAL JEWISH ORGANIZATIONS THAT HAVE AGREED TO LEARN ALONG-SIDE US AS THEY INTEGRATE YOUNG PHILANTHROPIC BOARD MEMBERS ONTO THEIR BOARDS. THESE PARTNERSHIPS WILL SERVE AS "PILOTS AND HELP US DEVELOP THE FORMAL METHODOLOGY FOR FUTURE PLACEMENTS. *10 TO WATCH: IN SEPTEMBER 2019 WE OPENED APPLICATIONS FOR THE "10 TO WATCH" LIST. THIS NEW RESOURCE IS THE EVOLUTION OF OUR SLINGSHOT GUIDE AND WILL FEATURE AN ANNUAL, UNIQUE LIST OF ORGANIZATIONS AND PROJECTS THAT DEMONSTRATE A FRESH APPROACH TO A CURRENT AND TIMELY NEED. ELIGIBLE ORGANIZATIONS SERVE A NORTH AMERICAN AUDIENCE, HAVE BEEN IN THE FIELD FOR LESS THAN FIVE YEARS, AND PROVIDE A FRESH WAY TO ADDRESS A RELEVANT PROBLEM. WE RECEIVED OVER 50 APPLICATIONS AND ARE WORKING WITH 30 YOUNG FUNDERS AND EMERGING PROGRAM OFFICERS TO SELECT THE INAUGURAL COHORT. WEBSITE: IN SEPTEMBER 2019 WE UNVEILED AN UPDATED WEBSITE THAT SHOWCASES ALL OF OUR NEW WORK. YOUNG PHILANTHROPISTS ARE NOW ABLE TO LEARN ABOUT UPCOMING TRAININGS AND REGISTER ONLINE. JEWISH ORGANIZATIONS CAN PLUG INTO OUR BOARD MATCHING WORK AND THE "10 TO WATCH" LIST. OTHER FUNDERS AND COMMUNITY MEMBERS WILL FIND ADDITIONAL RESOURCES, BLOG POSTS, AND CONNECTIONS TO PARTNERS. WE ARE EXCITED ABOUT THE OPPORTUNITIES THIS NEWLY DESIGNED SITE AFFORDS US TO CREATE CONVERSATION AND SHOWCASE JEWISH INNOVATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dena Verhoff Co-Chair | OfficerTrustee | 1 | $0 |
Debra Meyer Treasurer | OfficerTrustee | 1 | $0 |
Jessica Leifer Secretary | OfficerTrustee | 1 | $0 |
Matthew Ghan Director | Trustee | 1 | $0 |
Lana Fern Director | Trustee | 1 | $0 |
Coy Lerner Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $754,051 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $754,051 |
Total Program Service Revenue | $33,381 |
Investment income | $3,480 |
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 | $790,912 |
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. | $193,000 |
Compensation of current officers, directors, key employees. | $48,250 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $180,060 |
Pension plan accruals and contributions | $10,642 |
Other employee benefits | $66,558 |
Payroll taxes | $27,731 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,568 |
Fees for services: Accounting | $43,154 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $78,901 |
Advertising and promotion | $0 |
Office expenses | $9,033 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $12,045 |
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 | $26,791 |
Insurance | $3,155 |
All other expenses | $0 |
Total functional expenses | $709,222 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $169,620 |
Savings and temporary cash investments | $323,831 |
Pledges and grants receivable | $341,740 |
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 | $0 |
Prepaid expenses and deferred charges | $40,639 |
Net Land, buildings, and equipment | $32,204 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $9,211 |
Other assets | $0 |
Total assets | $917,245 |
Accounts payable and accrued expenses | $57,568 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $57,568 |
Net assets without donor restrictions | $360,039 |
Net assets with donor restrictions | $499,638 |
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 | $917,245 |
Over the last fiscal year, Slingshot Fund Inc has awarded $37,833 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
AT THE WELL PURPOSE: Fund charitable project | $12,833 |
JEWISH YOUTH FOR COMMUNITY AC PURPOSE: Fund charitable project | $15,000 |
ONE TABLE PURPOSE: Fund charitable project | $10,000 |