Slingshot Memphis Inc
- Assets
- $1.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Memphis, TN
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-3772313
Organization Overview
Slingshot Memphis Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Slingshot Memphis Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slingshot Memphis 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 Memphis Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Slingshot Memphis Inc has awarded 120 individual grants totaling $6,595,062. 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 IS A POVERTY-FIGHTING CENTER OF INFLUENCE THAT IS IGNITING A MOVEMENT TO REVOLUTIONIZE THE WAY WE FIGHT POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO WORK WITH POVERTY-FIGHTING ORGANIZATIONS TO STUDY THEIR EFFECTIVENESS, IDENTIFY OPPORTUNITIES TO ENHANCE THEIR OUTCOMES, AND INVEST DIRECTLY TO AMPLIFY HIGH-IMPACT PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Brazley Board Member | Trustee | 1 | $0 |
Meg Crosby Board Member | Trustee | 1 | $0 |
Stinson Liles Board Member | Trustee | 1 | $0 |
John Sims Chairman | OfficerTrustee | 1 | $0 |
Thomas Latkovic Board Member | Trustee | 1 | $0 |
Harriet Mcfadden Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,119,786 |
| Noncash contributions included in lines 1a–1f | $20,437 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,169,695 |
| Total Program Service Revenue | $0 |
| Investment income | $11,394 |
| 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 | $2,181,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650,000 |
| 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. | $181,108 |
| Compensation of current officers, directors, key employees. | $25,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,011 |
| Pension plan accruals and contributions | $7,458 |
| Other employee benefits | $71,385 |
| Payroll taxes | $84,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,363 |
| Advertising and promotion | $36,754 |
| Office expenses | $7,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,365 |
| Travel | $8,249 |
| 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 | $8,628 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,243,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,248,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $259,595 |
| Accounts receivable, net | $28,998 |
| 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 | $3,896 |
| Net Land, buildings, and equipment | $6,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $140,180 |
| Other assets | $5,043 |
| Total assets | $1,692,803 |
| Accounts payable and accrued expenses | $793,637 |
| 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 | $73,257 |
| Total liabilities | $866,894 |
| Net assets without donor restrictions | $825,909 |
| 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 | $1,692,803 |
Grants Awarded
Over the last fiscal year, Slingshot Memphis Inc has awarded $645,418 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
GOODWILL EXCEL CENTER PURPOSE: PROGRAM SUPPORT | $13,725 |
METROPOLITAN INTER-FAITH ASSOCIATION PURPOSE: PROGRAM SUPPORT | $8,235 |
LIFELINE TO SUCCESS PURPOSE: PROGRAM SUPPORT | $19,150 |
NEIGHBORHOOD CHRISTIAN CENTER PURPOSE: PROGRAM SUPPORT | $16,405 |
ECONOMIC OPPORTUNITIES PURPOSE: PROGRAM SUPPORT | $20,065 |
GIRLS INC OF MEMPHIS PURPOSE: PROGRAM SUPPORT | $20,065 |