Overview
What is Slingshot Fund Inc?
Slingshot Fund Inc is a dynamic, New York-based nonprofit organization dedicated to empowering young Jewish philanthropists as change agents. Over the past year, they launched the Slingshot Fellowship, establishing a network of 10 aspiring leaders. They also initiated a mentoring program, focusing on racial equity in grantmaking and fostering responsible power distribution. Additionally, Slingshot has trained board members, organized book groups, and published a guide on funding with a gender lens. The organization is also exploring racial equity in grantmaking and planning to release a corresponding guide. Their initiatives aim to strengthen the Jewish community by fostering innovative partnerships and engaging young philanthropists in shaping the community's future.
Official website here: www.slingshotfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Slingshot Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization's overall score is derived entirely from its performance on accountability and finance, indicating a robust governance structure and effective management practices. Notably, it has a fully independent board, with 100% of its board members meeting this standard, which is crucial for unbiased decision-making and oversight.
The charity also demonstrates excellent financial oversight, evidenced by high scores in areas such as the Audit and Oversight Committee and the absence of material diversion of assets. Its financial ratios, including a low liabilities-to-assets ratio of 6.27%, further illustrate a sound financial footing. Additionally, the organization has established comprehensive policies, including conflict of interest and whistleblower policies, which are essential for maintaining ethical standards and operational integrity.
However, while the organization performs well in many areas, it achieves a slightly lower score in program expense ratio at 64.95%, indicating that there may be room for improvement in allocating funds directly to program services. Overall, Slingshot Fund Inc exemplifies a strong commitment to responsible management and ethical governance, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Slingshot Fund Inc legitimate?
Slingshot Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Slingshot Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $193,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,060
For more financial information, click here
Official website here: www.slingshotfund.org
What is the mission statement of Slingshot Fund Inc?
Slingshot Fund Inc's mission is to revolutionize Jewish philanthropy by encouraging young Jewish philanthropists to act as funders and change agents. Their vision is to create a more vibrant and evolving Jewish community. They foster partnerships that lay the groundwork for forward-thinking, sustainable organizations. Slingshot Fund Inc is committed to strengthening Jewish life by mobilizing young Jewish philanthropists, who, in collaboration with others, shape the Jewish community to be continually evolving and vibrant. Their activities aim to empower the next generation to lead and make a significant impact in the Jewish community.
Official website here: www.slingshotfund.org
Who is the CEO of Slingshot Fund Inc?
Stefanie J Rhodes is the Co-Chair of Slingshot Fund Inc.
Official website here: www.slingshotfund.org
What is the revenue of Slingshot Fund Inc?
Slingshot Fund Inc's revenue in 2022 was $790,912.
Official website here: www.slingshotfund.org
Who are the executives of Slingshot Fund Inc and what are their salaries?
The average compensation at Slingshot Fund Inc during 2022 was $124,353. There are 3 employees and 9 volunteers at Slingshot Fund Inc.
Here are 10 key members and their salaries:
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- Compensation: $193,593
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- Other: $37,063
Official website here: www.slingshotfund.org
Where can I find the form 990 for Slingshot Fund Inc?
Slingshot Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slingshotfund.org
Learn more at the official website: www.slingshotfund.org
Mission Statement of Slingshot Fund Inc
Slingshot Fund Inc, a pioneering organization, seeks to mobilize young Jewish philanthropists, inspiring them to become active change agents in shaping their community. The nonprofit is committed to reimagining Jewish philanthropy, fostering bold and innovative partnerships that serve as the foundation for progressive, sustainable organizations. By harnessing the ambition and passion of the next generation, Slingshot Fund Inc empowers these individuals to take on leadership roles within the Jewish community, both as funders and catalysts for change. Through its vision and mission, Slingshot Fund Inc supports the evolution of the Jewish community, striving to create a vibrant and continuously transforming environment. The organization's ultimate goal is to strengthen Jewish life by empowering young philanthropists to shape a dynamic, resilient Jewish community.
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Impact
July, 2024
Slingshot Fund Inc is making a significant impact by mobilizing young Jewish philanthropists as funders and active change agents. Through initiatives like the Slingshot Fellowship, mentoring programs, and exploration of racial equity in grantmaking, they are empowering a new generation of leaders in the Jewish community. Additionally, their resources, such as guides on funding with a gender lens and plans for a racial equity lens, are creating a more inclusive and effective approach to philanthropy. Slingshot's efforts in board leadership training, action circles, and board matching are fostering collaboration and driving positive change within the Jewish community. Their work reflects a commitment to reimagining the future of Jewish philanthropy and building a vibrant, evolving community.
This information is meant to be a general summary of Slingshot Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,480
- Program Service Revenue: $33,381
- Gross Receipts: $790,912
Assets and Liabilities:
- Total Assets: $917,245
- Total Liabilities: $57,568
- Net Assets: $859,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES AND SERVI
Revenue
$33,381
Organization Details
Founding Year
2014
Phone
(646) 838-2148Principal Officer
Stefanie J Rhodes
Main Address
445 PARK AVENUE 16A, NEW YORK, NY, 10022
Website
www.slingshotfund.orgNTEE Category
Code: T50 - Philanthropy
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