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Hollingsworth Funds
Hollingsworth Funds reported $18.6 million in revenue and $17.9 million in expenses for calendar year 2024. Of every $100 it spent, $73.70 went to program services, $26.30 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 86.2% of the total. The highest compensation it reported for one person was $478,342 (PRESIDENT). 4 people received more than $100,000 in reportable compensation. Revenue rose 50% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $18MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $19MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.7% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 26.3% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $478,342 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.68% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 4 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 272.4 | 56.6 |
| Independent voting board members Part VI 1a–1b | 11 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseA cash grant of 5,447,114 was made to furman university and was designated to be used for the hollingsworth scholars program and to be used for various expenses of the department of business and economics.a cash grant of 1,298,964 was made to the YMCA of greenville county to be used to support the activities of the organization. The remaining funds of 5,298,625 were distributed to different tax-exempt charitable organizations to meet various unfunded needs in greenville county
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $394,680 | $0 | $83,662 | $478,342 |
| VP OF STRATEGIC INITIATIVE Highest compensated employee, 40.00 hrs/week | $180,460 | $0 | $44,381 | $224,841 |
| VP OF FINANCE & OPERATIONS Officer, 35.00 hrs/week | $172,536 | $0 | $29,268 | $201,804 |
| DIRECTOR Director/trustee, 5.00 hrs/week | $5,000 | $142,379 | $1,244 | $148,623 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $5,000 | $5,000 | $0 | $10,000 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $5,000 | $5,000 | $0 | $10,000 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $5,000 | $5,000 | $0 | $10,000 |
| BOARD CHAIR Director/trustee, officer, 3.00 hrs/week | $5,000 | $0 | $0 | $5,000 |
4 people received more than $100,000 in reportable compensation from Hollingsworth Funds (Part VII, line 2). Compensation of current officers, directors and key employees totaled $609K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 58
Correct a figure or respond
Every number above is copied from Hollingsworth Funds's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hollingsworth Funds, you can publish a response that is linked from this page.
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Of every $100 Hollingsworth Funds spent in 2024, $73.70 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Hollingsworth Funds's spending goes to programs?
In calendar year 2024, Hollingsworth Funds reported that 73.7% of its $17.9 million in expenses went to program services, 26.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Hollingsworth Funds pay its top executive?
The largest total compensation Hollingsworth Funds reported for one person in calendar year 2024 was $478,342, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hollingsworth Funds get its money?
Of $18.6 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Hollingsworth Funds a registered charity?
The IRS lists EIN 57-1003814 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523189349310677 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413209349300826 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323179349303997 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203189349304830 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349327312 · read the filing
All filings for EIN 57-1003814: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.