Slingshot Fund Inc

Nonprofit profile at a glance

EIN
471833392
IRS 990 coverage
2015–2025
Forms available
Form 990 2025
Location
New York, NY, USA
Phone
6468382148
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion
Affiliation
Judaism

Official website

Reported finances

Revenue
$710,036
Expenses
$722,429
Assets
$336,248
Liabilities
$68,223

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • STEFANIE RHODES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • STEFANIE RHODES (EXECUTIVE DIRECTOR): $270,658 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

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 slingshot'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.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 22
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.2%; rating input score 61
  • Program expense ratio: 60.1%; rating input score 60
  • Fundraising efficiency: $5.99 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.7%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 37.5%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: -1.7% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -0.9% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 61.2% of revenue deployed · 60.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $434K in reported program spending
  • Leadership: top reported pay $271K · 13 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.