STRATEGY STUDIO / PUBLIC DATA EXPLORER

HOLLINGSWORTH FUNDS INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
HOLLINGSWORTH FUNDS INC (EIN 57-1003814)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202123199349327312
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T17:38:54-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN571003814EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOLLINGSWORTH FUNDS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOLLBusinessNameControlTxt
Phone8646278306PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1124 VERDAE BLVD NO 502AddressLine1Txt
CityGREENVILLECityNm
State AbbreviationSCStateAbbreviationCd
ZIP29607ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAMELA M PRASHADPersonNm
Person TitleVP OF FINANCE & OPERATIONSPersonTitleTxt
Phone8646278306PhoneNum
Signature2021-11-15SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPAMELAPersonFirstNm
Person LastPRASHADPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerB GAGE WEEKESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1124 VERDAE BLVD NO 502AddressLine1Txt
CityGREENVILLECityNm
State AbbreviationSCStateAbbreviationCd
ZIP29607ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$55,309,938GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HOLLINGSWORTHFUNDS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1977FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionHOLLINGSWORTH 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.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$141,317TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$9,712,056PYInvestmentIncomeAmt
CY Investment Income$9,785,968CYInvestmentIncomeAmt
PY Other Revenue$3,219,759PYOtherRevenueAmt
CY Other Revenue$2,601,669CYOtherRevenueAmt
PY Total Revenue$12,931,815PYTotalRevenueAmt
CY Total Revenue$12,387,637CYTotalRevenueAmt
PY Grants And Similar Paid$8,613,670PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$9,289,300CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,254,254PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,511,804CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,058,795PYOtherExpensesAmt
CY Other Expenses$4,106,718CYOtherExpensesAmt
PY Total Expenses$11,926,719PYTotalExpensesAmt
CY Total Expenses$14,907,822CYTotalExpensesAmt
PY Revenues Less Expenses$1,005,096PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,520,185CYRevenuesLessExpensesAmt
Total Assets BOY$380,645,403TotalAssetsBOYAmt
Total Assets EOY$393,513,843TotalAssetsEOYAmt
Total Liabilities BOY$1,107,135TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,437,513TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$379,538,268NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$392,076,330NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHOLLINGSWORTH 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$10,052,637ExpenseAmt
Grant$9,289,300GrantAmt
DescA CASH GRANT OF 4,201,007 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 1,001,807 WAS MADE TO THE YMCA OF GREENVILLE COUNTY TO BE USED TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION. THE REMAINING FUNDS OF 4,086,486 WERE DISTRIBUTED TO DIFFERENT TAX-EXEMPT CHARITABLE ORGANIZATIONS TO MEET VARIOUS UNFUNDED NEEDS IN GREENVILLE COUNTY.Desc
Total Program Service Expenses$10,052,637TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document28IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee7EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KENNETH HUNTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8646278306PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1124 VERDAE BLVD SUITE 502AddressLine1Txt
CityGREENVILLECityNm
State AbbreviationSCStateAbbreviationCd
ZIP29607ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MINOR M SHAW
DIRECTOR2.00Yes (X)$5,000$0$0
WILLIAM E HENDERSON
DIRECTOR5.00Yes (X)$5,000$122,412$1,10640.00
SAM ERWIN
SECRETARY3.00Yes (X)$5,000$0$0Yes (X)
ANTHONY MCDADE
VICE CHAIRMAN2.00Yes (X)$5,000$0$0Yes (X)
ANNE S ELLEFSON
BOARD CHAIR2.00Yes (X)$5,000$5,000$02.00Yes (X)
BRENDA THAMES
DIRECTOR3.00Yes (X)$5,000$0$0
R SEAN DOGAN
DIRECTOR2.00Yes (X)$5,000$0$0
TIMOTHY J REED
DIRECTOR2.00Yes (X)$5,000$5,000$02.00
HAROLD F GALLIVAN
DIRECTOR3.00Yes (X)$5,000$0$0
JOANN HACKL
DIRECTOR2.00Yes (X)$5,000$0$0
F BOGUE WALLIN
DIRECTOR2.00Yes (X)$5,000$0$0
W KENNETH HUNT III
CHIEF FINANCIAL OFFICER40.00$253,004$0$45,250Yes (X)
B GAGE WEEKES
PRESIDENT40.00$319,000$0$68,236Yes (X)
JAMES W TERRY
DIR OF STRATEGIC ASSETS35.00$215,743$0$29,696Yes (X)
TAMELA SPANN
VP OF STRATEGIC INITIATIVE40.00$136,525$0$38,154Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$979,272TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$132,412TotReportableCompRltdOrgAmt
Total Other Compensation$182,442TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
HR&A ADVISORS INC
99 HUDSON STREET 3RD FLNEW YORKNY10013PROPERTY ADVISORY$479,467
COLDWELL CAINE COMMERCIAL
PO BOX 1908GREENVILLESC29602PROPERTY MANG & COMMISSIONS$212,419
FOX ROTHSCHILD
PO BOX 87GREENVILLESC29602LEGAL SERVICES$200,522
VERDAE DEVELOPMENT INC
340 ROCKY SLOPE RD 300GREENVILLESC29607SALES COMMISSIONS & MARKETING$186,232
INDIGO INNOVATION GROUP
10966 ASPEN RIDGE LANE NWCONCORDNC28027STRATEGY CONSULTING$105,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,703,549TotalRevenueColumnAmt
Exclusion$3,703,549ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$3,709,829RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$1,351,569RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,358,260RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,358,260TotalRevenueColumnAmt
Exclusion$2,358,260ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$42,154,611SecuritiesAmt
Other$5,498,540OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$36,734,443SecuritiesAmt
Other$4,836,289OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,420,168SecuritiesAmt
Other$662,251OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,082,419TotalRevenueColumnAmt
Exclusion$6,082,419ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
INTEREST IN BONAVENTURE 1&2 LLC531120$295,877$193,785$102,092
PRIVATE EQUITIES - UBTI900000-$52,468-$52,468
FieldValueIRS element (for citing)
Other Revenue Total$243,409OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,387,637TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$141,317UnrelatedBusinessRevenueAmt
Exclusion$12,246,320ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$9,289,300TotalAmt
Program Services$9,289,300ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$825,708TotalAmt
Program Services$111,650ProgramServicesAmt
Management And General$714,058ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$382,431TotalAmt
Program Services$294,765ProgramServicesAmt
Management And General$87,666ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$148,627TotalAmt
Program Services$42,472ProgramServicesAmt
Management And General$106,155ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$85,585TotalAmt
Program Services$63,156ProgramServicesAmt
Management And General$22,429ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$69,453TotalAmt
Program Services$26,360ProgramServicesAmt
Management And General$43,093ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$150,493TotalAmt
Program Services$1,459ProgramServicesAmt
Management And General$149,034ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$78,527TotalAmt
Management And General$78,527ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$504,486TotalAmt
Management And General$504,486ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$743,057TotalAmt
Program Services$105,000ProgramServicesAmt
Management And General$638,057ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$40,231TotalAmt
Program Services$21,793ProgramServicesAmt
Management And General$18,438ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$38,371TotalAmt
Program Services$18,620ProgramServicesAmt
Management And General$19,751ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$72,065TotalAmt
Program Services$34,282ProgramServicesAmt
Management And General$37,783ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,610TotalAmt
Program Services$3,988ProgramServicesAmt
Management And General$622ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$9,439TotalAmt
Program Services$9,069ProgramServicesAmt
Management And General$370ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$10,021TotalAmt
Program Services$4,675ProgramServicesAmt
Management And General$5,346ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$39,212TotalAmt
Management And General$39,212ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
IMPAIRMENT LOSS ON REAL$1,649,919$1,649,919
PROPERTY TAXES & LICENS$522,579$522,579
PROPERTY MAINTENANCE &$203,800$202,720$1,080
DUES AND SUBSCRIPTIONS$17,028$1,661$15,367

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,880TotalAmt
Program Services$9,601ProgramServicesAmt
Management And General$13,279ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,907,822TotalAmt
Program Services$10,052,637ProgramServicesAmt
Management And General$4,855,185ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,553,644BOYAmt
EOY$1,284,871EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,789,445BOYAmt
EOY$7,411,705EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$272,260BOYAmt
EOY$274,604EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,994,368BOYAmt
EOY$4,387,807EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$38,826BOYAmt
EOY$23,721EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$111,968,185LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,048,680LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$109,185,391BOYAmt
EOY$103,919,505EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$163,380,276BOYAmt
EOY$179,436,823EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$87,873,965BOYAmt
EOY$93,728,789EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$4,103BOYAmt
EOY$4,103EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,553,125BOYAmt
EOY$3,041,915EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$380,645,403BOYAmt
EOY$393,513,843EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$973,000BOYAmt
EOY$1,336,058EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$987BOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$133,148BOYAmt
EOY$101,455EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,107,135BOYAmt
EOY$1,437,513EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$379,538,268BOYAmt
EOY$392,076,330EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$379,538,268BOYAmt
EOY$392,076,330EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$380,645,403BOYAmt
EOY$393,513,843EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$2,520,185ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$15,536,779NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$478,532OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations4SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (4 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
FURMAN UNIVERSITY
5703143957Yes (1)$4,201,007$0
YMCA OF GREENVILLE
57031442410Yes (1)$1,001,807$0
COMMUNITY FOUNDATION OF GREENVILLE INC
5760193187Yes (1)$25,000$0
OTHER CHAR ORG IN GRV'L CNTY SC - SEE SCHED I FOR DETAIL
00000000070$4,061,486$0
FieldValueIRS element (for citing)
Supported Organizations Total4SupportedOrganizationsTotalCnt
Support Sum$9,289,300SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$98,142,849InvestmentCostOrOtherBasisAmt
Book Value$98,142,849BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$12,765,839InvestmentCostOrOtherBasisAmt
Depreciation$6,993,151DepreciationAmt
Book Value$5,772,688BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$974,411InvestmentCostOrOtherBasisAmt
Depreciation$972,838DepreciationAmt
Book Value$1,573BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$8,850InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$76,236OtherCostOrOtherBasisAmt
Depreciation$82,691DepreciationAmt
Book Value$2,395BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$103,919,505TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$20,666,657BookValueAmt
Method ValuationCMethodValuationCd

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PRIVATE EQUITY FUNDS$30,474,427F
HEDGE FUNDS$38,519,071F
GRAYBUL TRIBUTE LP$4,068,634F
FieldValueIRS element (for citing)
Total Book Value Securities$93,728,789TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$28,980,108TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$15,536,779NetUnrealizedGainsInvstAmt
Other Revenue$1,055,692OtherRevenueAmt
Revenue Not Reported$16,592,471RevenueNotReportedAmt
Revenue Subtotal$12,387,637RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,387,637TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$16,259,390TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,351,568OtherExpensesIncludedAmt
Expenses Not Reported$1,351,568ExpensesNotReportedAmt
Expenses Subtotal$14,907,822ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$14,907,822TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:HOLLINGSWORTH FUNDS IS QUALIFIED UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3) AND IS THEREFORE GENERALLY EXEMPT FROM INCOME TAXES, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. HOLLINGSWORTH FUNDS HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS, AND NO LIABILITY HAS BEEN RECOGNIZED AT DECEMBER 31, 2020. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL INCOME NETTED WITH EXPENSES 1,351,569. BONAVENTURE INCOME - STATED SEPARATELY ON FINANCIAL STATEMENTS -295,877.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES NETTED WITH INCOME 1,351,568.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,00INVESTMENTS - FOREIGN PARTNERSHIPS/CORPS$48,608,000
IRELAND00INVESTMENTS - FOREIGN PARTNERSHIPS/CORPS$7,384,000
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$55,992,000SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$55,992,000TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III ACCOUNTING METHOD:FormAndLineReferenceDesc

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (49 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
BARBARA STONE FOUNDATION
P O BOX 26567GREENVILLESC29616570933503501(C)(3)$75,000GENERAL OPERATING SUPPORT FOR GREENVILLECAN
CENTER FOR COMMUNITY SERVICES
1102 HOWARD DRIVESIMPSONVILLESC29681571059164501(C)(3)$50,000PROJECT SUPPORT FOR FINANCIAL STABILITY PROGRAM
COMMUNITIES IN SCHOOLS
PO BOX 10308GREENVILLESC29603570931840501(C)(3)$50,000PROJECT SUPPORT FOR AFTER SCHOOL PROGRAMMING FOR TITLE I ELEMENTARY SCHOOLS
COMMUNITY FOUNDATION OF GREENVILLE
630 E WASHINGTON STREETGREENVILLESC29601576019318501(C)(3)$25,000GENERAL OPERATING SUPPORT
COMMUNITY FOUNDATION OF GREENVILLE
630 E WASHINGTON STREETGREENVILLESC29601576019318501(C)(3)$211,986SUPPORT FOR GPP, SHINE THE LIGHT, AND NONPROFIT ALLIANCE
COMMUNITYWORKS CAROLINA
107 W ANTRIM DRIVEGREENVILLESC29607260421563501(C)(3)$325,000GENERAL OPERATING SUPPORT
COMMUNITYWORKS CAROLINA
107 W ANTRIM DRIVEGREENVILLESC29607260421563501(C)(3)$425,000GENERAL OPERATING SUPPORT FOR THE GREENVILLE HOUSING FUND, HOUSING FUNDS
COMPASS OF CAROLINA
1100 RUTHERFORD ROADGREENVILLESC29609570381870501(C)(3)$20,000PROJECT SUPPORT FOR DOMESTIC VIOLENCE STARTS SMALL PROGRAM
FOOTHILLS FAMILY RESOURCES
PO BOX 246SLATERSC29683570823752501(C)(3)$50,000PROJECT SUPPORT FOR INTEGRATED SERVICES
FURMAN UNIVERSITY
3300 POINSETT HIGHWAYGREENVILLESC29613570314395501(C)(3)$4,201,007GENERAL OPERATING SUPPORT
GENESIS HOMES
PO BOX 5839GREENVILLESC29606205473974501(C)(3)$50,000SUPPORT FOR NICHOL ST. PROJECT
GOODWILL
115 HAYWOOD ROADGREENVILLESC29607570564001501(C)(3)$50,000PROJECT SUPPORT FOR WORKFORCE AND FINANCIAL LITERACY SERVICES
GOVERNOR'S SCHOOL FOR THE ARTS FOUNDATION
PO BOX 8458GREENVILLESC29604570794878501(C)(3)$15,000GENERAL OPERATING SUPPORT
GREENVILLE COUNTY CHAMBER FOUNDATION
24 CLEVELAND STREETGREENVILLESC29601237155502501(C)(3)$25,000PROJECT SUPPORT FOR ACCELERATE
GREENVILLE COUNTY HUMAN RELATIONS COMMISSION
301 UNIVERSITY RIDGE SUITE 1600GREENVILLESC29601576000356501(C)(3)$50,000PROJECT SUPPORT FOR HOUSING COUNSELING SERVICES
GREENVILLE FREE MEDICAL CLINIC
PO BOX 8993GREENVILLESC29604570855205501(C)(3)$75,000GENERAL OPERATING SUPPORT
GREENVILLE LITERACY ASSOCIATION
225 S PLEASANTBURG DR SUITE C-10GREENVILLESC29607570521414501(C)(3)$25,000GENERAL OPERATING SUPPORT
GREENVILLE TECHNICAL FOUNDATION INC
MAIL STOP 6002 P O BOX 5616GREENVILLESC29606570565961501(C)(3)$75,000PROGRAM SUPPORT FOR AFRICAN AMERICAN MALE SCHOLARS INITIATIVE
HISPANIC ALLIANCE
PO BOX 17934GREENVILLESC29606271041624501(C)(3)$80,000GENERAL OPERATING SUPPORT
INSTITUTE FOR CHILD SUCCESS
613 EAST MCBEE AVENUEGREENVILLESC29601271904900501(C)(3)$100,000GENERAL OPERATING SUPPORT
JULIE VALENTINE CENTER
2905 WHITE HORSE ROADGREENVILLESC29611570655611501(C)(3)$48,000GENERAL OPERATING SUPPORT
LIVEWELL GREENVILLE
PO BOX 2284GREENVILLESC29602811376760501(C)(3)$75,000GENERAL OPERATING SUPPORT
LIVEWELL GREENVILLE
PO BOX 2285GREENVILLESC29603811376761501(C)(3)$60,000PROJECT SUPPORT FOR GREENVILLLE FOOD SECURITY COALITION
METROPOLITAN ARTS COUNCIL
16 AUGUST STREETGREENVILLESC29601570560186501(C)(3)$100,000COVID ARTS RELIEF FUND
METROPOLITAN ARTS COUNCIL
17 AUGUST STREETGREENVILLESC29602570560187501(C)(3)$40,000GENERAL OPERATING SUPPORT
MILL COMMUNITY MINISTRIES
8 LOIS AVENUEGREENVILLESC29611900854058501(C)(3)$50,000GENERAL OPERATING SUPPORT
PENDLETON PLACE
1133 PENDLETON STREETGREENVILLESC29601570624421501(C)(3)$60,000PROJECT SUPPORT FOR ASSESSMENT CENTER
PRISMA HEALTH UPSTATE
701 GROVE ROADGREENVILLESC29605811723202501(C)(3)$75,000PROJECT SUPPORT FOR MEDICAL LEGAL PARTNERSHIP
PUBLIC EDUCATION PARTNERS
225 S PLEASANTBURG DR SUITE E6GREENVILLESC29607570769637501(C)(3)$100,000GENERAL OPERATING SUPPORT
REBUILD UPSTATE
PO BOX 8693GREENVILLESC29604208296408501(C)(3)$40,000CAPITAL SUPPORT FOR OWNER-OCCUPIED REHAB PROJECTS
ROOT & REBOUND
1730 FRANKLIN ST SUITE 300OAKLANDCA94612463876220501(C)(3)$50,000PROJECT SUPPORT FOR SECOND CHANCE JUSTICE COLLABORATIVE
SAFE HARBOR
429 N MAIN STREETGREENVILLESC29601571014137501(C)(3)$30,000PROJECT SUPPORT FOR PROGRAMS & OUTREACH DIRECTOR
SOTERIA COMMUNITY DEVELOPMENT CORP
210 SHAW STREETGREENVILLESC29609582475280501(C)(3)$75,000GENERAL OPERATING SUPPORT
SOUTH CAROLINA LEGAL SERVICES
701 SOUTH MAIN STREETGREENVILLESC29601570485205501(C)(3)$50,000PROJECT SUPPORT TO MITIGATE HOMEOWNER FORECLOSURES
TEN AT THE TOP
125 VERDAE BLVD SUITE 202GREENVILLESC29608270503929501(C)(3)$75,000PROJECT SUPPORT FOR UPSTATE MOBILITY ALLIANCE
TEN AT THE TOP
126 VERDAE BLVD SUITE 202GREENVILLESC29609270503930501(C)(3)$31,500PROJECT SUPPORT FOR TRANSIT CAMPAIGN STRATEGY
THE CHILDREN'S MUSEUM
300 COLLEGE STREETGREENVILLESC29601571025453501(C)(3)$15,000GENERAL OPERATING SUPPORT
TRIUNE MERCY CENTER
222 RUTHERFORD STREETGREENVILLESC29609200503624501(C)(3)$70,000GENERAL OPERATING SUPPORT
UNITED MINISTRIES
606 PENDLETON STREETGREENVILLESC29601570511977501(C)(3)$100,000GENERAL OPERATING SUPPORT
UNITED WAY OF GREENVILLE COUNTY
105 EDINBURGH COURTGREENVILLESC29607570362066501(C)(3)$500,000GENERAL OPERATING SUPPORT FOR ONTRACK
UNITED WAY OF GREENVILLE COUNTY
105 EDINBURGH COURTGREENVILLESC29607570362066501(C)(3)$300,000COVID-19 RELIEF FUND
UNITED WAY OF GREENVILLE COUNTY
105 EDINBURGH COURTGREENVILLESC29607570362066501(C)(3)$50,000GENERAL OPERATING SUPPORT
UNITED WAY OF GREENVILLE COUNTY
106 EDINBURGH COURTGREENVILLESC29608570362067501(C)(3)$50,000PROJECT SUPPORT FOR RACIAL EQUITY AND ECONOMIC MOBILITY COMMISSION
UPCOUNTRY HISTORY MUSEUM
540 BUNCOMBE STGREENVILLESC29601570833796501(C)(3)$15,000GENERAL OPERATING SUPPORT
UPSTATE FOREVER
507 PETTIGRU STGREENVILLESC29601570856956501(C)(3)$75,000PROJECT SUPPORT FOR SHAPING GROWTH IN GREENVILLE COUNTY INITIATIVE
URBAN LEAGUE OF THE UPSTATE
15 REGENCY HILL DRIVEGREENVILLESC29607570541039501(C)(3)$80,000GENERAL OPERATING SUPPORT
URBAN LEAGUE OF THE UPSTATE
15 REGENCY HILL DRIVEGREENVILLESC29607570541039501(C)(3)$45,000PROJECT SUPPORT FOR CEO SEARCH
WOMEN'S RIGHTS AND EMPOWERMENT NETWORK
1201 MAIN STREET SUITE 320COLUMBIASC29201810775184501(C)(3)$50,000PROJECT SUPPORT FOR A WOMEN'S ECONOMIC MOBILITY INITIATIVE IN GREENVILLE COUNTY
YMCA OF GREENVILLE
723 CLEVELAND STREETGREENVILLESC29601570314424501(C)(3)$1,001,807GENERAL OPERATING SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org40Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationHOLLINGSWORTH FUNDS, INC. REQUIRES AN ANNUAL REPORT FROM EACH GRANTEE ORGANIZATION THAT PROVIDES AN EXPLANATION OF HOW GRANT FUNDS WERE USED TO ACHIEVE THE CHARITABLE OBJECTIVES AS WELL AS CONFIRMATION OF EXEMPT STATUS WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DIRECTORS AND STAFF ALSO MONITOR THE ACTIVITIES OF SELECTED GRANTEE ORGANIZATIONS VIA PERIODIC MEETINGS THROUGHOUT THE GRANT PERIOD.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
B GAGE WEEKES
PRESIDENT$290,000$0$29,000$0$0$0$45,150$0$23,086$0$387,236$0$0$0
W KENNETH HUNT III
CHIEF FINANCIAL OFFICER$220,000$0$33,004$0$0$0$42,387$0$2,863$0$298,254$0$0$0
JAMES W TERRY
DIR OF STRATEGIC ASSETS$215,743$0$0$0$0$0$26,474$0$3,222$0$245,439$0$0$0
TAMELA SPANN
VP OF STRATEGIC INITIATIVE$127,000$0$9,525$0$0$0$12,369$0$25,785$0$174,679$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AJAMES TERRY RECEIVES REIMBURSEMENT FOR HIS PAYMENT OF DUES TO A SOCIAL CLUB.
PART I, LINE 1BTHE REIMBURSEMENT TO JAMES TERRY FOR SOCIAL CLUB DUES WAS A CONDITION OF HIS EMPLOYMENT AND AGREED TO BY THE BOARD.
PART I, LINE 7BONUSES ARE AWARDED BASED ON EMPLOYEE PERFORMANCE. THE BONUS AMOUNT IS APPROVED BY THE BOARD.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7AFURMAN UNIVERSITY, YMCA OF GREENVILLE, AND COMMUNITY FOUNDATION OF GREENVILLE EACH HAVE THE ABILITY TO NOMINATE A CERTAIN NUMBER OF MEMBERS TO OUR BOARD.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF FORM 990 IS SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THE RETURN. ANY COMMENTS ARE FORWARDED TO THE CFO AND CHANGES ARE MADE IF NECESSARY.
FORM 990, PART VI, SECTION B, LINE 12CEACH YEAR, THE SECRETARY OF THE ORGANIZATION REVIEWS ALL DISCLOSURE STATEMENTS WITH THE BOARD TO ENSURE COMPLIANCE. THE SECRETARY ALSO RECORDS ANY POTENTIAL CONFLICTS OF INTEREST, AND ADVISES ANY POTENTIALLY AFFECTED INDIVIDUAL OF THE NEED TO COMPLY WITH THE PROCEDURES OF THE POLICY. THE CONFLICT OF INTEREST POLICY SETS FORTH PROCEDURES AS TO HOW ANY CONFLICTS OF INTEREST ARE TO BE HANDLED.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS ANNUALLY TO REVIEW THE COMPENSATION OF THE PRESIDENT, CFO, AND SVP OF STRATEGIC ASSETS. THE EXECUTIVE COMMITTEE UTILIZES A COMPENSATION STUDY (ORDERED ON AVERAGE EVERY THREE YEARS), ANNUAL COMPENSATION SURVEYS, AND CPI CHANGES TO EVALUATE AND SET COMPENSATION. THE NOTES FROM THIS MEETING ARE CONTEMPORANEOUSLY DOCUMENTED. THE BOARD OF DIRECTORS RECEIVE NO COMPENSATION OTHER THAN THE BOARD OF DIRECTOR'S FEE. THIS AMOUNT WAS $5,000 EACH.
FORM 990, PART VI, SECTION C, LINE 18THE 990 IS ON THE ORGANIZATION'S WEBSITE. FORMS 1023 AND 990-T ARE AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
FORM 990, PART XI, LINE 9:LOSS - WHOLLY-OWNED TAXABLE (C-CORP) SUBSIDIARY - JD HOW, INC. -109,029. LOSS - WHOLLY-OWNED TAXABLE (C-CORP) SUBSIDIARY - VERDAE DEVELOPMENT, INC -369,503.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
BUCKFIELD PLANTATIONS LLC
124 VERDAE BLVD SUITE 502GREENVILLESC29607571117457REAL ESTATE HOLDINGSSC-$1,128,491$8,645,306HOLLINGSWORTH FUNDS INC
VERDAE PROPERTIES LLC
124 VERDAE BLVD SUITE 502GREENVILLESC29607571118009REAL ESTATE HOLDINGSSC$2,091,687$83,363,025HOLLINGSWORTH FUNDS INC
BONAVENTURE I & II LLC
124 VERDAE BLVD SUITE 502GREENVILLESC29607470991350REAL ESTATE HOLDINGSSC$295,878$4,781,648VERDAE PROPERTIES LLC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
FURMAN UNIVERSITY
3300 POINSETT HIGHWAYGREENVILLESC29613570314395LIBERAL ARTS COLLEGESC501(C)(3)LINE 7N/A0
YMCA OF GREENVILLE COUNTY
723 CLEVELAND STGREENVILLESC29601570314424TO BUILD A HEALTHY MIND, BODY, AND SPIRIT FOR ALL.SC501(C)(3)LINE 10N/A0
COMMUNITY FOUNDATION OF GREENVILLE
630 E WASHINGTON ST SUITE AGREENVILLESC29601576019318TO ENHANCE THE QUALITY OF LIFE OF CITIZENS OF GREATER GREENVILLE.SC501(C)(3)LINE 7N/A0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
JOHN D HOLLINGSWORTH ON WHEELS INC
PO BOX 516GREENVILLESC29602570468454RETIRED MANUFACTURING CO - IN LIQUIDATIONSCHOLLINGSWORTH FUNDS INCC-$109,029$3,111,9491.00000Yes (1)
VERDAE DEVELOPMENT INC
340 ROCKY SLOPE ROAD SUITE 300GREENVILLESC29607201808028REAL ESTATE SALES & DEVELOPMENTSCHOLLINGSWORTH FUNDS INCC-$369,505$11,373,7891.00000Yes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
VERDAE DEVELOPMENT INC
L$54,000CASH
VERDAE DEVELOPMENT INC
M$186,232CASH
VERDAE DEVELOPMENT INC
O$54,000CASH
VERDAE DEVELOPMENT INC
C$1,500,000CASH