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Nonprofiteer
← HOLLINGSWORTH FUNDS INC

Form 990 for tax year 2022

Filed by HOLLINGSWORTH FUNDS INC.

Totals

Total revenue
$12,829,828
Total expenses
$14,906,078
Contributions and grants received
$0
Grants paid
$10,841,510
Program services expenses (Part IX)
$11,697,195
Management and general expenses
$3,208,883
Fundraising expenses
$0
Program service expenses (Part III)
$11,697,195

Program services were 78.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MINOR M SHAW

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • WILLIAM E HENDERSON

    DIRECTOR

    Total calculated
    $140,127
    From this org
    $5,000
    From related orgs
    $133,547
    Other
    $1,580
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $5,000 + $133,547 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,126 related
    Nontaxable benefits
    $0
    Filer's total
    $5,000 + $145,673 related

  • SAM ERWIN

    SECRETARY

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • ANTHONY MCDADE

    VICE CHAIRMAN

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • ANNE S ELLEFSON

    BOARD CHAIR

    Total calculated
    $10,000
    From this org
    $5,000
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    2 + 2 related

  • BRENDA THAMES

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • R SEAN DOGAN

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TIMOTHY J REED

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $5,000
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    2 + 2 related

  • HAROLD F GALLIVAN

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • JOANN HACKL

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • F BOGUE WALLIN 92922

    DIRECTOR

    Total calculated
    $2,500
    From this org
    $1,250
    From related orgs
    $1,250
    Other
    $0
    Hours/week
    2 + 2 related

  • RUSS DAVIS 92922

    DIRECTOR

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • B GAGE WEEKES

    PRESIDENT

    Total calculated
    $435,025
    From this org
    $361,427
    From related orgs
    $0
    Other
    $73,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $361,427
    Bonus
    $0
    Other
    $0
    Deferred
    $47,950
    Nontaxable benefits
    $25,648
    Filer's total
    $435,025

  • PAMELA PRASHAD

    VP OF FINANCE & OPERATIONS

    Total calculated
    $184,975
    From this org
    $158,000
    From related orgs
    $0
    Other
    $26,975
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $158,000
    Bonus
    $0
    Other
    $0
    Deferred
    $14,347
    Nontaxable benefits
    $12,628
    Filer's total
    $184,975

  • TAMELA SPANN

    VP OF STRATEGIC INITIATIVE

    Total calculated
    $208,339
    From this org
    $165,000
    From related orgs
    $0
    Other
    $43,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $0
    Other
    $0
    Deferred
    $14,967
    Nontaxable benefits
    $28,372
    Filer's total
    $208,339

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349303997

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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