Slingshot Memphis Inc
- Assets
- $2.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Memphis, TN
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3772313
Organization Overview
Slingshot Memphis Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Slingshot Memphis Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slingshot Memphis Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Slingshot Memphis Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Slingshot Memphis Inc has awarded 82 individual grants totaling $5,949,644. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SLINGSHOT IS A POVERTY-FIGHTING CENTER OF INFLUENCE THAT IS IGNITING A MOVEMENT TO REVOLUTIONIZE THE WAY WE FIGHT POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO WORK WITH POVERTY-FIGHTING ORGANIZATIONS TO STUDY THEIR EFFECTIVENESS, IDENTIFY OPPORTUNITIES TO ENHANCE THEIR OUTCOMES, AND INVEST DIRECTLY TO AMPLIFY HIGH-IMPACT PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Barnett Incoming CEO | Officer | 40 | $167,173 |
Yoan Anguilet Director Of Tech & Data Engineering | 40 | $113,840 | |
Justin Miller Outgoing CEO At May2021, Board Chair | OfficerTrustee | 40 | $113,285 |
Will Thompson Treasurer | OfficerTrustee | 1 | $0 |
Gretchen Mclennon Secretary | OfficerTrustee | 1 | $0 |
Harriet Mcfadden Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $325,890 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,576,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,902,587 |
| Total Program Service Revenue | $0 |
| Investment income | $299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,902,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,054,407 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $280,458 |
| Compensation of current officers, directors, key employees. | $42,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $595,318 |
| Pension plan accruals and contributions | $8,050 |
| Other employee benefits | $65,683 |
| Payroll taxes | $80,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,225 |
| Advertising and promotion | $71,016 |
| Office expenses | $19,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,420 |
| Travel | $1,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,921 |
| Insurance | $4,033 |
| All other expenses | $1,357 |
| Total functional expenses | $2,324,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650,556 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $270,645 |
| Accounts receivable, net | $76,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,039 |
| Other assets | $4,035 |
| Total assets | $2,015,540 |
| Accounts payable and accrued expenses | $1,076,753 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,076,753 |
| Net assets without donor restrictions | $936,496 |
| Net assets with donor restrictions | $2,291 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,015,540 |
Grants Awarded
Over the last fiscal year, Slingshot Memphis Inc has awarded $1,054,407 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: PROGRAM SUPPORT | $72,581 |
New York, NY PURPOSE: PROGRAM SUPPORT | $62,151 |
Boston, MA PURPOSE: PROGRAM SUPPORT | $59,544 |
Memphis, TN PURPOSE: PROGRAM SUPPORT | $53,025 |
Memphis, TN PURPOSE: PROGRAM SUPPORT | $52,151 |
Memphis, TN PURPOSE: PROGRAM SUPPORT | $52,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Slingshot Memphis Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Charles H Boyle Fon Inc Memphis, TN PURPOSE: TO FURTHER DONEE'S 501(C)(3) PURPOSES | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |