Overview
What is Slingshot Memphis Inc?
Slingshot Memphis Inc is a prominent nonprofit organization situated in Memphis, Tennessee, at 802 Rozelle Street. Their primary mission is to collaborate with poverty-fighting organizations, analyzing their effectiveness and identifying potential enhancements to boost their impact. By employing a unique methodology, Slingshot provides valuable insights into the outcomes of poverty-fighting initiatives, enabling decision-makers to allocate resources effectively towards solutions that yield positive results for those in poverty. Slingshot serves as a catalyst for revolutionizing poverty-fighting strategies, with a workforce of 22 dedicated individuals.
Official website here: www.slingshotmemphis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating from Charity Navigator.
Slingshot Memphis Inc has received a Three-Star rating, indicating a solid level of accountability and financial health. The organization excels in various areas, including having a fully independent board and a high program expense ratio, which reflects a significant portion of funds going directly to its programs. The absence of material diversion of assets and the presence of key governance policies further bolster its credibility.
However, there are some concerns regarding its financial ratios. The liabilities to assets ratio is somewhat high at 51.21%, suggesting potential challenges in managing debt relative to its assets. Additionally, the fundraising efficiency is low, with a ratio indicating that a relatively high cost is associated with generating donations. These aspects may warrant attention as the organization seeks to improve its overall financial sustainability.
Overall, while Slingshot Memphis Inc demonstrates strong governance and a commitment to its mission, addressing its financial efficiency and liability management could enhance its long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Slingshot Memphis Inc legitimate?
Slingshot Memphis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Slingshot Memphis 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: $181,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $961,011
For more financial information, click here
Official website here: www.slingshotmemphis.org
What is the mission statement of Slingshot Memphis Inc?
Slingshot Memphis Inc, a poverty-fighting organization, has developed a standardized methodology to measure the effectiveness of poverty-fighting initiatives. This methodology provides previously unavailable insights into the outcomes of poverty-alleviation efforts, enabling decision-makers to allocate resources towards solutions that yield effective results for individuals facing poverty. Slingshot collaborates with various poverty-fighting organizations to analyze their effectiveness, identify opportunities to enhance their outcomes, and invest directly in high-impact programs and services. Their mission is to revolutionize the way poverty is fought by empowering decision-makers with reliable data and investing in effective solutions.
Official website here: www.slingshotmemphis.org
Who is the CEO of Slingshot Memphis Inc?
Jared Barnett is the Board Member of Slingshot Memphis Inc. The CEO's salary of Slingshot Memphis Inc is $181,109 and their total compensation is $202,266.
Official website here: www.slingshotmemphis.org
What is the revenue of Slingshot Memphis Inc?
Slingshot Memphis Inc's revenue in 2022 was $2,181,089.
Official website here: www.slingshotmemphis.org
Who are the executives of Slingshot Memphis Inc and what are their salaries?
The average compensation at Slingshot Memphis Inc during 2022 was $51,914. There are 22 employees at Slingshot Memphis Inc.
Here are 12 key members and their salaries (Slingshot Memphis Inc's CEO's salary is $181,109 and their total compensation is $202,266):
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- Compensation: $181,109
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- Other: $21,157
- Compensation: $123,667
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- Other: $20,349
- Compensation: $101,160
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- Other: $8,366
Official website here: www.slingshotmemphis.org
Where can I find the form 990 for Slingshot Memphis Inc?
Slingshot Memphis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slingshotmemphis.org
Learn more at the official website: www.slingshotmemphis.org
Mission Statement of Slingshot Memphis Inc
Slingshot Memphis Inc, a pioneering organization in the fight against poverty, has developed a unique methodology to measure the effectiveness of poverty-fighting initiatives. Their mission is threefold. Firstly, they aim to collaborate with existing poverty-fighting organizations, analyzing their impact and identifying areas for improvement. Secondly, they strive to invest directly in high-impact programs and services that show promising results, amplifying their impact. Lastly, Slingshot Memphis Inc provides decision-makers with previously unavailable insights into poverty-fighting outcomes, enabling them to allocate resources more effectively towards solutions that truly benefit their community members experiencing poverty. By taking this holistic approach, Slingshot Memphis Inc is revolutionizing the way we combat poverty, empowering organizations to make more informed decisions and ultimately, creating a more equitable society.
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Impact
July, 2024
Slingshot Memphis Inc is a poverty-fighting center of influence that is revolutionizing the way we address poverty. They work with poverty-fighting organizations to study their effectiveness, identify opportunities for improvement, and invest directly to amplify high-impact programs and services. By developing a standardized methodology to measure poverty-fighting effectiveness, Slingshot provides valuable insights that empower decision-makers to allocate resources towards solutions that effectively address poverty in Memphis, TN. Their work not only enhances the outcomes of poverty-fighting programs but also contributes to a larger movement aimed at combating poverty and improving the lives of individuals in need.
This information is meant to be a general summary of Slingshot Memphis 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: $11,394
- Gross Receipts: $2,181,089
Assets and Liabilities:
- Total Assets: $1,692,803
- Total Liabilities: $866,894
- Net Assets: $825,909
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Organization Details
Founding Year
2016
Phone
(901) 300-6634Principal Officer
Jared Barnett
Main Address
802 ROZELLE STREET, MEMPHIS, TN, 38104
Website
www.slingshotmemphis.orgNTEE Category
Code: T30 - Philanthropy
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