Nonprofit · EIN 57-1003814
HOLLINGSWORTH FUNDS INC
Tax-exempt · GREENVILLE, SC 29607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,619,297 | $17,878,851 | $740,446 | $406,730,156 | $910,470 | $405,819,686 |
| December 31, 2023 | 990 | $10,530,144 | $16,157,579 | -$5,627,435 | $394,202,076 | $1,597,336 | $392,604,740 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $16,058,362
- Net rental income
- $2,294,162
- Net gain from sales of assets
- $8,365,773
- Other revenue
- $2,560,935
Expenses
- Grants and similar amounts paid
- $12,044,703
- Compensation of officers, directors and key employees
- $609,109
- Other salaries and wages
- $533,851
- Salaries, compensation and benefits (total)
- $1,450,155
- Professional fundraising fees
- $0
- Legal fees
- $194,447
- Accounting fees
- $91,220
- Occupancy
- $83,587
- Travel
- $34,043
- Depreciation
- $5,913
- Program services (functional)
- $13,175,915
- Management and general (functional)
- $4,702,936
Balance sheet and other
- Total assets, start of year
- $394,202,076
- Total assets, end of year
- $406,730,156
- Total liabilities, end of year
- $910,470
- Net assets, end of year
- $405,819,686
- Land, buildings and equipment
- $95,291,402
- Publicly traded securities
- $202,408,443
- Net assets without donor restrictions
- $405,819,686
- Gross unrelated business income
- $294,482
- Gross receipts
- $80,747,076
- Employees
- 8
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| B GAGE WEEKES | PRESIDENT Officer | 40 | $394,680 | $0 | $83,662 |
| TAMELA SPANN | VP OF STRATEGIC INITIATIVE Highest-paid employee | 40 | $180,460 | $0 | $44,381 |
| PAMELA PRASHAD | VP OF FINANCE & OPERATIONS Officer | 35 | $172,536 | $0 | $29,268 |
| WILLIAM E HENDERSON | DIRECTOR Trustee or director | 5 | $5,000 | $142,379 | $1,244 |
| ANNE S ELLEFSON | DIRECTOR Trustee or director | 2 | $5,000 | $5,000 | $0 |
| F BOGUE WALLIN | DIRECTOR Trustee or director | 2 | $5,000 | $5,000 | $0 |
| RUSS DAVIS | DIRECTOR Trustee or director | 2 | $5,000 | $5,000 | $0 |
| MINOR M SHAW | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
| SAM ERWIN | VICE CHAIR Trustee or director, Officer | 2 | $5,000 | $0 | $0 |
| ANTHONY MCDADE | BOARD CHAIR Trustee or director, Officer | 3 | $5,000 | $0 | $0 |
| BRENDA THAMES | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
| R SEAN DOGAN | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
| TIMOTHY J REED | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
| JOANN HACKL | SECRETARY Trustee or director, Officer | 3 | $5,000 | $0 | $0 |
| GREG INGRAM | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| B GAGE WEEKES | PRESIDENT Officer | 40 | $379,500 | $0 | $79,753 |
| TAMELA SPANN | VP OF STRATEGIC INITIATIVE Highest-paid employee | 40 | $173,250 | $0 | $44,108 |
| PAMELA PRASHAD | VP OF FINANCE & OPERATIONS Officer | 35 | $165,900 | $0 | $27,880 |
| WILLIAM E HENDERSON | DIRECTOR Trustee or director | 5 | $5,000 | $140,348 | $1,244 |
| ANNE S ELLEFSON | BOARD CHAIR Trustee or director, Officer | 2 | $5,000 | $5,000 | $0 |
| F BOGUE WALLIN | DIRECTOR Trustee or director | 2 | $5,000 | $5,000 | $0 |
| RUSS DAVIS | DIRECTOR Trustee or director | 2 | $5,000 | $3,750 | $0 |
| MINOR M SHAW | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
| SAM ERWIN | SECRETARY Trustee or director, Officer | 3 | $5,000 | $0 | $0 |
| ANTHONY MCDADE | VICE CHAIRMAN Trustee or director, Officer | 2 | $5,000 | $0 | $0 |
| BRENDA THAMES | DIRECTOR Trustee or director | 3 | $5,000 | $0 | $0 |
| R SEAN DOGAN | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
| TIMOTHY J REED | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
| HAROLD F GALLIVAN | DIRECTOR Trustee or director | 3 | $5,000 | $0 | $0 |
| JOANN HACKL | DIRECTOR Trustee or director | 2 | $5,000 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 124 VERDAE BLVD STE 502, GREENVILLE, SC 29607-3847
- Principal officer (990 for 2024)
- B GAGE WEEKES, 124 VERDAE BLVD 502, GREENVILLE, SC 29607
- Signed the 990
- PAMELA M PRASHAD, VP OF FINANCE & OPERATIONS
- Phone
- (864) 627-8306
- Website
- WWW.HOLLINGSWORTHFUNDS.ORG
Mission
HOLLINGSWORTH FUNDS IS A SUPPORTING ORGANIZATION TO WHICH APPROXIMATELY 45% OF THE ANNUAL DISTRIBUTIONS ARE AWARDED TO FURMAN UNIVERSITY, APPROXIMATELY 10% TO THE GREENVILLE YMCA, AND THE REMAINDER TO PUBLIC CHARITIES THAT OPERATE OR CONDUCT AFFAIRS FOR THE BENEFIT OF GREENVILLE COUNTY.
Program accomplishments
- A 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.Expenses $13,175,915 · grants $12,044,703
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-1003814
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $406,730,156
- Income (IRS master file)
- $80,747,076
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,619,297 | $17,878,851 | $406,730,156 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $10,530,144 | $16,157,579 | $394,202,076 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $12,829,828 | $14,906,078 | $375,756,696 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-1003814).
Questions about HOLLINGSWORTH FUNDS INC
- What is the EIN of HOLLINGSWORTH FUNDS INC?
- The employer identification number (EIN) of HOLLINGSWORTH FUNDS INC is 57-1003814.
- Is HOLLINGSWORTH FUNDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to HOLLINGSWORTH FUNDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HOLLINGSWORTH FUNDS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOLLINGSWORTH FUNDS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOLLINGSWORTH FUNDS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOLLINGSWORTH FUNDS INC?
- The 990 for the year ended December 31, 2024 names B GAGE WEEKES.
- Who are the officers and directors of HOLLINGSWORTH FUNDS INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $394,680 (B GAGE WEEKES, PRESIDENT).
- How much revenue does HOLLINGSWORTH FUNDS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,619,297, expenses of $17,878,851 and total assets of $406,730,156 at year end.
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- BETSY M CAMPBELL FOUNDATION EIN 58-6346237 · last filed 990-PF for 2024
All nonprofits in GREENVILLE · South Carolina · Philanthropy, voluntarism and grantmaking foundations