Slingshot Fund Inc
- Assets
- $826.6k
- Revenue
- $460.9k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-1833392
Organization Overview
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 12/2021, 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 12/2021, Slingshot Fund Inc generated $460.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $761.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SLINGSHOT MOBILIZES YOUNG JEWISH PHILANTHROPISTS AS FUNDERS AND ACTIVE CHANGE AGENTS, WHO, WITH THEIR PARTNERS, SHAPE THE JEWISH COMMUNITY TO BE VIBRANT AND CONTINUOUSLY EVOLVING.
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. WEVE TRAINED BOARD MEMBERS, HELD BOOK GROUPS. WEVE PICKLED AND SHARED DINNER IN A SUKKAH AND WEVE WRESTLED WITH SOME OF THE BIGGEST ISSUES FACING THE JEWISH WORLD.OPERATIONALLY, 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 WE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanie J Rhodes Executive Dir. | Officer | 40 | $183,437 |
Rachel Hodes Chief Program Officer | 40 | $113,130 | |
Coby Lerner Co-Chair | OfficerTrustee | 1 | $0 |
Debra Hokin Secretary | OfficerTrustee | 1 | $0 |
Daniel Rueven Treasurer | OfficerTrustee | 1 | $0 |
Jess Leifer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,626 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,484 |
| Total Program Service Revenue | $38,325 |
| Investment income | $63 |
| 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 | $460,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250 |
| 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. | $189,540 |
| Compensation of current officers, directors, key employees. | $37,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,541 |
| Pension plan accruals and contributions | $6,948 |
| Other employee benefits | $39,013 |
| Payroll taxes | $28,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,665 |
| Advertising and promotion | $0 |
| Office expenses | $10,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,638 |
| 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 | $42,745 |
| Insurance | $2,963 |
| All other expenses | $0 |
| Total functional expenses | $761,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,506 |
| Savings and temporary cash investments | $430,431 |
| Pledges and grants receivable | $140,648 |
| 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 | $0 |
| Net Land, buildings, and equipment | $50,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,871 |
| Other assets | $39,292 |
| Total assets | $826,626 |
| Accounts payable and accrued expenses | $48,639 |
| 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 | $48,639 |
| Net assets without donor restrictions | $467,000 |
| Net assets with donor restrictions | $310,987 |
| 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 | $826,626 |
Grants Awarded
Over the last fiscal year, Slingshot Fund Inc has awarded $37,833 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH YOUTH FOR COMMUNITY AC PURPOSE: Fund charitable project | $15,000 |
Encinitas, CA PURPOSE: Fund charitable project | $12,833 |
ONE TABLE PURPOSE: Fund charitable project | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Slingshot Fund Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Nikoh Foundation Northbrook, IL PURPOSE: MAXIMIZE PHILANTHROPIC EFFECTIVENESS.ASSISTANCE. | $20,000 |
Rodan Family Foundation Orinda, CA PURPOSE: CHARITABLE PURPOSES OF THE ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |