Hollingsworth Foundation Inc
- Assets
- $829.7k
- Revenue
- $261.8k
- Investments
- $627.9k
- Employees
- 0
- Location
- Clinton, TN
- Founding
- 01/2006
- Data as of
- 09/2023
- EIN
- 20-3632621
Organization Overview
Hollingsworth Foundation Inc is located in Clinton, TN. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollingsworth Foundation 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 09/2023, Hollingsworth Foundation Inc generated $261.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $6.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hollingsworth Foundation Inc has awarded 63 individual grants totaling $9,081,485. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Hollingsworth Jr Pres./dir. | 8 | $0 | |
Amanda Fritts Secretary | 8 | $0 | |
Brenda Starwalt Treas./dir. | 8 | $500 | |
Jamie Burns Asst. Secret | 2 | $0 | |
Paula Mcqueen Asst. Treasu | 2 | $0 | |
Lauren N Hollingsworth Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $792 |
| Dividends & Interest | $111,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $261,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $69,461 |
| Pension plans, employee benefits | $10,854 |
| Interest | $0 |
| Taxes | $259 |
| Depreciation | $3,006 |
| Occupancy | $6,000 |
| Travel, conferences, and meetings | $14,290 |
| Printing and publications | $0 |
| Other expenses | $21,474 |
| Total operating and administrative expenses | $175,010 |
| Contributions, gifts, grants paid | $6,457,326 |
| Total expenses and disbursements | $6,632,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,137 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $396 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,265 |
| Other assets | $0 |
| Total assets | $829,654 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hollingsworth Foundation Inc has awarded $6,457,326 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JR ACHIEVEMENT OF EAST TN PURPOSE: YOUTH DEVELOPMENT & EDUCATION | $75,826 |
OASIS OF LOVE MINISTRIES INC PURPOSE: VICTIMS OF DOMESTIC VIOLENCE | $500 |
UNITED WAY OF GREATER KNOXVILLE PURPOSE: IMPROVING LIVES IN OUR COMMUNITY | $80,000 |
YOUNG-WILLIAMS ANIMAL CENTER PURPOSE: END PET HOMELESSNESS | $500 |
CITY OF CLINTON PURPOSE: SUPPORT CIVIC ACTIVITIES/FESTIVALS | $500 |
ASPIRE FOUNDATION PURPOSE: PROVIDE REC./COMMUNITY ACTIVITIES | $6,300,000 |