Civic Intelligence

Slingshot Memphis Inc.

990 • Fiscal year 2017 • EIN 81-3772313

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 28, 2018

902 Cooper StMemphis, TN 38104

(901) 340-2212

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$115,211

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

82%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

175%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$797,059

Up $359,434 (+82%) from 2016

Net Assets

Up

$786,104

Up $370,079 (+89%) from 2016

Liabilities

Down

$10,955

Down $10,645 (-49%) from 2016

Revenue

Up

$1,296,936

Up $825,098 (+175%) from 2016

Expenses

Up

$926,857

Up $871,044 (+1561%) from 2016

Net Income

Down

$370,079

Down $45,946 (-11%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $437,625Liabilities 2016: $21,600Net Assets 2016: $416,0252016Assets 2017: $797,059Liabilities 2017: $10,955Net Assets 2017: $786,1042017Assets 2018: $768,464Liabilities 2018: $5,965Net Assets 2018: $762,4992018Assets 2019: $806,417Liabilities 2019: $76,268Net Assets 2019: $730,1492019Assets 2020: $2,407,281Liabilities 2020: $1,889,828Net Assets 2020: $517,4532020Assets 2021: $2,015,540Liabilities 2021: $1,076,753Net Assets 2021: $938,7872021Assets 2022: $1,692,803Liabilities 2022: $866,894Net Assets 2022: $825,9092022Assets 2023: $1,215,490Liabilities 2023: $935,900Net Assets 2023: $279,5902023Assets 2024: $551,571Liabilities 2024: $804,189Net Assets 2024: -$252,6182024

Highlighted filing

2017

Assets$797,059
Liabilities$10,955
Net Assets$786,104

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $471,838Expenses 2016: $55,813Net Income 2016: $416,0252016Revenue 2017: $1,296,936Expenses 2017: $926,857Net Income 2017: $370,0792017Revenue 2018: $1,694,398Expenses 2018: $1,718,003Net Income 2018: -$23,6052018Revenue 2019: $2,314,437Expenses 2019: $2,346,787Net Income 2019: -$32,3502019Revenue 2020: $2,802,369Expenses 2020: $3,172,421Net Income 2020: -$370,0522020Revenue 2021: $2,902,886Expenses 2021: $2,324,852Net Income 2021: $578,0342021Revenue 2022: $2,181,089Expenses 2022: $2,243,736Net Income 2022: -$62,6472022Revenue 2023: $2,167,285Expenses 2023: $2,686,677Net Income 2023: -$519,3922023Revenue 2024: $2,136,755Expenses 2024: $2,668,963Net Income 2024: -$532,2082024

Highlighted filing

2017

Revenue$1,296,936
Expenses$926,857
Net Income$370,079
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 28, 2018
Return Version
2017v2.3
Gross Receipts
$1,296,936
Mission and Program Overview

Mission

Slingshot has developed a new, standardized methodology to measure poverty-fighting effectiveness. By providing previously unavailable insights about poverty-fighting outcomes, we empower decision makers to allocate financial and other resources toward solutions that produce effective outcomes for our neighbors experiencing poverty.

To disrupt poverty in our community by identifying programs with the evidence or potential to generate high impact solutions. We then work with these programs as partners in several ways: estimating the impact they create in the lives of the people that they serve; helping them become more effective at fighting poverty via consulting services; and raising funds to help provide financial support for their programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$435,115$784,721▲ $349,606
Accounts Receivable$2,510$10,101▲ $7,591
Land, Buildings, and Equipment, Net$0$1,237▲ $1,237
Total Assets$437,625$797,059▲ $359,434
Other Assets Total$0$1,000▲ $1,000
Liabilities
Accounts Payable and Accrued Expenses$21,600$10,955▼ $10,645
Total Liabilities$21,600$10,955▼ $10,645
Net Assets / Fund Balance
Unrestricted Net Assets$399,013$748,338▲ $349,325
Temporarily Rstr Net Assets$17,012$37,766▲ $20,754
Total Net Assets Fund Balance$416,025$786,104▲ $370,079
Total Liabilities and Net Assets / Fund Balance$437,625$797,059▲ $359,434

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,237$619$1,856
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin MillerCEOFT$99,000$16,211$115,211

Board Members and Trustees

NameTitle
Harriet McfaddenChairman
Roshun AustinBoard Member
Thomas LatkovicBoard Member
Gretchen MclennonSecretary
Will ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,296,504
Program Service Revenue
$0
Investment Income
$432
Other Revenue
$0
All Other Contributions
$1,296,504
Change in Net Assets
$370,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,296,936
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,296,936
Total Revenue per Form 990
$1,296,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$500,000
Salaries, Compensation, and Employee Benefits$360,407
Other Expenses$66,450
Total Fundraising Expense$41,018
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$500,000--$500,000
Other Salaries and Wages$128,111$40,590$30,314$199,015
Current Officers, Directors, Trustees, and Key Employees$99,000--$99,000
Other Employee Benefits$29,708$6,112$4,473$40,293
Payroll Taxes$16,884$2,983$2,232$22,099
Fees for Services Other$18,348$1,553$360$20,261
Advertising$10,901-$1,211$12,112
Occupancy$8,920$1,115$1,115$11,150
Office Expenses$3,660$458$458$4,576
Travel$2,146$239-$2,385
Insurance$350$1,399-$1,749
All Other Expenses$631$532$119$1,282
Other Expenses$929$103$674$1,032
Depreciation Depletion$495$62$62$619
Total Functional Expenses$828,255$57,584$41,018$926,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$926,857
Total Expenses per Audited Statements$926,857
Total Expenses per Form 990$926,857
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Communities in Schools of TennesseeMemphis, TN501(c)(3)Program Support$150,000
The Salvation ArmyMemphis, TN501(c)(3)Program Support$135,000
Advance MemphisMemphis, TN501(c)(3)Program Support$130,000
Methodist Lebonheur HealthcareMemphis, TN501(c)(3)Program Support$85,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is prepared by a certified public accounting firm. A review is performed by the executive director and copies are furnished to each board member prior to filing.

Form 990, Part VI, Section B, Line 12C

Each director, officer and employee shall be provided with and asked to review a copy of this policy annualy. The organization requires a disclosure form be completed, submitted and signed on at least an annual basis.

Form 990, Part VI, Section B, Line 15

The organization determines compensation by evaluating the experience, background, resume, and etc. Compensation is also determined by comparing other chief executive officer's and executive director's salaries with similar roles and responsibilities. Finally, the board of directors reviews and approves the employement contract and compensation.

Form 990, Part VI, Section C, Line 19

These documents are not made available to the general public.

Filing and Contact Details

Filer

Filer Name
Slingshot Memphis Inc
EIN
81-3772313
Phone
9013402212
Address
902 COOPER ST, MEMPHIS, TN 38104

Signing Officer

Name
Justin Miller
Title
CEO
Phone
9013402212
Signed
2018-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Miller
Formed
2016
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
1

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Kevin M Clynes CPA
Phone
9016857500
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0432
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0472
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0472
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt01270300
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0448002
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0498002
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01296504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0471798
IRS990ScheduleA/Total509Grp/TotalAmt01768302
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01296936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0471838
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01768774
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0619
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01856
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0926857
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01296936
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01237
IRS990ScheduleD/TotalExpensesPerForm990Amt0926857
IRS990ScheduleD/TotalRevenuePerForm990Amt01296936
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01296936
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0926857
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0150000
IRS990ScheduleI/RecipientTable/CashGrantAmt1130000
IRS990ScheduleI/RecipientTable/CashGrantAmt2135000
IRS990ScheduleI/RecipientTable/CashGrantAmt385000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITIES IN SCHOOLS OF TENNESSEE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ADVANCE MEMPHIS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE SALVATION ARMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3METHODIST LEBONHEUR HEALTHCARE
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IRS990ScheduleI/RecipientTable/RecipientEIN1621778254
IRS990ScheduleI/RecipientTable/RecipientEIN2580660607
IRS990ScheduleI/RecipientTable/RecipientEIN3581454711
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01350 CONCOURSE AVENUE SUITE 434
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1769 VANCE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2696 JACKSON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3848 ADAMS AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. A REVIEW IS PERFORMED BY THE EXECUTIVE DIRECTOR AND COPIES ARE FURNISHED TO EACH BOARD MEMBER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, OFFICER AND EMPLOYEE SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THIS POLICY ANNUALY. THE ORGANIZATION REQUIRES A DISCLOSURE FORM BE COMPLETED, SUBMITTED AND SIGNED ON AT LEAST AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DETERMINES COMPENSATION BY EVALUATING THE EXPERIENCE, BACKGROUND, RESUME, AND ETC. COMPENSATION IS ALSO DETERMINED BY COMPARING OTHER CHIEF EXECUTIVE OFFICER'S AND EXECUTIVE DIRECTOR'S SALARIES WITH SIMILAR ROLES AND RESPONSIBILITIES. FINALLY, THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE EMPLOYEMENT CONTRACT AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TotalLiabilitiesGrp/EOYAmt010955
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0416025
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0786104
IRS990/TotalOtherCompensationAmt016211
IRS990/TotalProgramServiceExpensesAmt0828255
IRS990/TotalReportableCompFromOrgAmt099000
IRS990/TotalRevenueGrp/ExclusionAmt0432
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01296936
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0437625
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0797059
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0239
IRS990/TravelGrp/ProgramServicesAmt02146
IRS990/TravelGrp/TotalAmt02385
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0399013
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0748338
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0902 COOPER STREET
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SLINGSHOTMEMPHIS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO

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