SLINGSHOT FUND INC Charity Report

Public IRS 990 nonprofit record

SLINGSHOT FUND INC

EIN 47-1833392 · Philanthropy, Charity & Voluntarism Promotion (T50)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $57.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

97.87%of revenue went to mission work57.4% of expenses · Program services

22.08%of revenue went to fundraising13.0% of expenses

$170.52spent for every $100 of revenueSpending was higher than revenue this year.

50.57%of revenue went to management and office costs29.7% of expenses

$0.42in assets for every $1 spent this yearSome assets cannot be spent right away.

93.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $331,975 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $253,897 for STEFANIE J RHODES (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$470,772

Mission workProgram services$460,73797.87% of revenue57.4% of expenses

ManagementOffice and general costs$238,05150.57% of revenue29.7% of expenses

FundraisingAsking for donations$103,95922.08% of revenue13.0% of expenses

Total expenses$802,747170.52% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

The current filing is first. Each bar compares annual spending reported for mission work, management, and fundraising.

2024Current57.4% mission · 29.7% management · 13.0% fundraising

202364.8% mission · 25.4% management · 9.8% fundraising

202261.4% mission · 23.6% management · 15.0% fundraising

202169.0% mission · 18.9% management · 12.1% fundraising

202068.1% mission · 16.9% management · 15.0% fundraising

201965.8% mission · 20.6% management · 13.5% fundraising

201873.6% mission · 15.4% management · 11.0% fundraising

201771.8% mission · 17.4% management · 10.8% fundraising

Money in and money out

Revenue$470,772

Expenses$802,747

Annual shortfall $331,975 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$460,737 · 57.4% of expenses

Management and office costs$238,051 · 29.7% of expenses

Fundraising$103,959 · 13.0% of expenses

See all reported dollar amounts

Revenue$470,772

Expenses$802,747

Assets$337,526

Income$470,772

Contributions$439,382

Mission work (program services)$460,737

Fundraising$103,959

Grants given$180,533

Average grant$13,887

Management and general$238,051

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEFANIE J RHODESEXECUTIVE DIRECTOR · 35 hrs/week $253,897Base $207,431 · Other $46,466

RACHEL HODESCHIEF PROGRAM OFFICER · 35 hrs/week $113,178Base $108,536 · Other $4,642

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

STEFANIE J RHODESEXECUTIVE DIRECTOR

RACHEL HODESCHIEF PROGRAM OFFICER

ADINA SCHWARTZDIRECTOR

COBY LERNERDIRECTOR

DEBRA HOKIN MEYERTREASURER

DENA VERHOFFCHAIR

GILA MODELLDIRECTOR

JESSICA LEIFERSECRETARY

LANA FERNDIRECTOR

MATTHEW GHANDIRECTOR

SAMANTHA NATHANDIRECTOR

About this charity

Recognized since: January 2015
Location: 445 PARK AVENUE 16A, NEW YORK, NY 10022
County: New York
In care of: STEFANIE J RHODES
Primary officer: STEFANIE J RHODES, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(646) 838-2148

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SAX LLP
NTEE classification: Philanthropy, Charity & Voluntarism Promotion (T50)
IRS tax category: Philanthropy, Charity & Voluntarism Promotion
Grant-giving organization: Yes