SLINGSHOT FUND INC

EIN: 471833392 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$470,772
Total Expenses
$802,747
Total Assets
$337,526
Net Assets
$280,602
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
STEFANIE J RHODES
Phone
6468382148
Tax Period
2024-01-01 to 2024-12-31

SLINGSHOT FUND INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $471K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $803K exceeded revenue, resulting in a 71% operating deficit.

Mission

TODAY, AS WE STAND ON THE PRECIPICE OF THE LARGEST TRANSFER OF GENERATIONAL WEALTH IN HISTORY, SLINGSHOT HAS A BOLD VISION: REIMAGINING THE FUTURE OF JEWISH PHILANTHROPY. WE ARE BUILDING A BOLDER, BRIGHTER JEWISH COMMUNITY BY HARNESSING THE AMBITION AND PASSION OF THE NEXT GENERATION OF JEWISH PHILANTHROPIC LEADERS. AND WE ARE FOSTERING GAME-CHANGING PARTNERSHIPS THAT LAY THE FOUNDATION FOR FORWARD-THINKING, SUSTAINABLE ORGANIZATIONS.OUR MISSION IS TO MOBILIZE YOUNG JEWISH PHILANTHROPISTS AS FUNDERS AND ACTIVE CHANGE AGENTS, WHO, WITH PARTNERS, SHAPE THE JEWISH COMMUNITY TO BE VIBRANT AND CONTINUOUSLY EVOLVING. WE HAVE THREE MAIN PROGRAM OFFERINGS: THE SLINGSHOT FELLOWSHIP, BOARD LEADERSHIP TRAINING AND MATCHING AND ACTION CIRCLES.

Program Service Accomplishments

Program 1
Expenses: $187,156

SLINGSHOT SUPPORTS THE JEWISH COMMUNITY'S THRIVING ECOSYSTEM BY MATCHING YOUNG JEWISH PHILANTHROPIC LEADERS WITH MEANINGFUL BOARD SERVICE ON NONPROFIT BOARDS. THROUGH THIS PROGRAM, WE ARE SUPPORTING...

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SLINGSHOT SUPPORTS THE JEWISH COMMUNITY'S THRIVING ECOSYSTEM BY MATCHING YOUNG JEWISH PHILANTHROPIC LEADERS WITH MEANINGFUL BOARD SERVICE ON NONPROFIT BOARDS. THROUGH THIS PROGRAM, WE ARE SUPPORTING JEWISH NONPROFITS EXPAND THEIR NEXT GEN LEADERSHIP AND BUILDING TOWARDS LONG-TERM SUSTAINABILITY. THE BOARD MATCHING PROGRAM UTILIZES A HIGH-TOUCH APPROACH AKIN TO A CONCIERGE PROGRAM THAT MATCHES THE INDIVIDUAL AND THEIR SKILLS/INTERESTS TO THE BOARDS SEEKING THEIR LEADERSHIP. IN ADDITION, OUR NEWLY REIMAGINED BOARD LEADERSHIP LAB PROVIDES SUPPORT FOR THOSE EMERGING LEADERS AS THEY NAVIGATE THEIR ROLE AS BOARD MEMBERS, WHICH HAS BECOME EVEN MORE COMPLICATED. THIS IS A CRITICAL STEP OF SLINGHSOT'S SUPPORT OF JEWISH LIFE AND INNOVATION, AS OVER HALF OF OUR FIRST COHORT OF FELLOWS JOINED A JEWISH ORGANIZATION'S BOARD LAST YEAR. WE ARE SEEING AN UPTICK IN INTEREST IN THIS WORK FROM JEWISH COMMUNITY ORGANIZATIONS AS WELL. THESE ORGANIZATIONS ARE HIRING SLINGSHOT TO CREATE CUSTOMIZED PROGRAMMING TO MEET THE GROWING NEEDS OF THEIR COMMUNITIES.

Program 2
Expenses: $149,098 Revenue: $15,000

THIS IS A LEADERSHIP GROWTH INITIATIVE, WHICH DEVELOPS THE NEXT GENERATION OF JEWISH PHILANTHROPIC LEADERS TO HAVE A POSITIVE IMPACT ON JEWISH LIFE. THE FELLOWSHIP IS AN 18-MONTH TRANSFORMATIVE...

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THIS IS A LEADERSHIP GROWTH INITIATIVE, WHICH DEVELOPS THE NEXT GENERATION OF JEWISH PHILANTHROPIC LEADERS TO HAVE A POSITIVE IMPACT ON JEWISH LIFE. THE FELLOWSHIP IS AN 18-MONTH TRANSFORMATIVE JOURNEY, THAT USES THE FUNDAMENTAL PRINCIPLES OF ADAPTIVE LEADERSHIP TO LEVERAGE OUR EXPERTISE IN EDUCATING YOUNG JEWISH PHILANTHROPISTS TO BECOME FULL PARTNERS IN SHAPING AND LEADING A CONTINUALLY EVOLVING, VIBRANT JEWISH LIFE.

Program 3
Expenses: $124,483 Revenue: $10,000

OUR COLLECTIVE GIVING MODEL, GIVINGCIRCLE+, BRINGS PEERS TOGETHER TO POOL FINANCIAL RESOURCES IN SUPPORT OF A COMMON ISSUE WHILE ENGAGING IN DEEP LEARNING ABOUT THE TOPIC. PARTICIPANTS IDENTIFY A...

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OUR COLLECTIVE GIVING MODEL, GIVINGCIRCLE+, BRINGS PEERS TOGETHER TO POOL FINANCIAL RESOURCES IN SUPPORT OF A COMMON ISSUE WHILE ENGAGING IN DEEP LEARNING ABOUT THE TOPIC. PARTICIPANTS IDENTIFY A PROBLEM, MEET WITH EXPERTS, AND LEARN ABOUT THE ISSUES BEFORE COLLECTIVELY DECIDING WHERE TO ALLOCATE FUNDS FOR THE GREATEST IMPACT. THIS PROGRAM NOT ONLY EDUCATES OUR CONSTITUENTS ON AN ISSUE, BUT IT ALSO MOVES PHILANTHROPIC RESOURCES AND CONNECTS LIKE-MINDED FUNDERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $439,382
Program Service Revenue $25,000
Investment Income $6,390
Other Revenue $0
TOTAL REVENUE $470,772

Expense Breakdown

Grants Paid $76,000
Salaries & Benefits $484,686
Fundraising Expenses $103,959
Program Expenses $460,737
Other Expenses $242,061
TOTAL EXPENSES $802,747

Year-over-Year Comparison

2024 2023 Change
Revenue $470,772 $534,715 -0.1%
Expenses $802,747 $781,510 +0.0%
Net Income $-331,975 $-246,795 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$253,897
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENA VERHOFF CHAIR 1.00
Officer Director
$0 $0 $0
DEBRA HOKIN MEYER TREASURER 1.00
Officer Director
$0 $0 $0
JESSICA LEIFER SECRETARY 1.00
Officer Director
$0 $0 $0
MATTHEW GHAN DIRECTOR 1.00
Director
$0 $0 $0
LANA FERN DIRECTOR 1.00
Director
$0 $0 $0
COBY LERNER DIRECTOR 1.00
Director
$0 $0 $0
GILA MODELL DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA NATHAN DIRECTOR 1.00
Director
$0 $0 $0
ADINA SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
STEFANIE J RHODES EXECUTIVE DIRECTOR 35.00
Officer
$207,431 $46,466 $253,897
RACHEL HODES CHIEF PROGRAM OFFICER 35.00
Highest
$108,536 $4,642 $113,178
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $470,772 $802,747 $337,526 $-331,975
2023 $534,715 $781,510 $704,346 $-246,795
2022 $790,912 $709,222 $917,245 $81,690
2021 $460,872 $761,823 $826,626 $-300,951
2020 $952,680 $631,241 $1,205,033 $321,439
2019 $684,882 $585,061 $782,994 $99,821
2018 $776,117 $678,991 $709,541 $97,126
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