Hollingsworth Foundation Inc
- Assets
- $1.4m
- Revenue
- $243.2k
- Investments
- $240.7k
- Employees
- 0
- Location
- Clinton, TN
- Founding
- 01/2006
- Data as of
- 09/2021
- 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 09/2021, Hollingsworth Foundation Inc generated $243.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $269.6k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hollingsworth Foundation Inc has awarded 54 individual grants totaling $2,462,392. 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 |
|---|---|---|---|
Brenda Starwalt Treas./dir. | 8 | $500 | |
Robert M Baird Director | 0.5 | $500 | |
Richard S Matlock Director | 0.5 | $500 | |
Brenda K Bice Director | 0.5 | $500 | |
Joe A Hollingsworth Jr Pres./dir. | 8 | $0 | |
Amanda Fritts Secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240,664 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,500 |
| 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 | $243,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $90,224 |
| Pension plans, employee benefits | $12,453 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $751 |
| Occupancy | $9,000 |
| Travel, conferences, and meetings | $8,898 |
| Printing and publications | $0 |
| Other expenses | $11,433 |
| Total operating and administrative expenses | $138,814 |
| Contributions, gifts, grants paid | $130,831 |
| Total expenses and disbursements | $269,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,130,704 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,641 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $37,500 |
| 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 | $14,276 |
| Other assets | $0 |
| Total assets | $1,424,785 |
| 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 $130,831 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JR ACHIEVEMENT OF EAST TN PURPOSE: YOUTH DEVELOPMENT & EDUCATION | $77,375 |
Knoxville, TN PURPOSE: IMPROVING LIVES IN OUR COMMUNITY | $35,000 |
PEARL FOUNDATION GREATER CLINTON PURPOSE: DOWNTOWN CLINTON REVITALIZATION | $20,400 |
GREAT SMOKY MTN COUNCIL BOY SCOUTS PURPOSE: YOUTH LEADERSHIP PROGRAMS | $2,000 |
Nashville, TN PURPOSE: EDUCATIONAL & CULTURAL ENRICHMENT | $2,000 |
YOUNG-WILLIAMS ANIMAL CENTER PURPOSE: END PET HOMELESSNESS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |