2025-11-14T16:16:57-06:00 2024-12-31 990 2024-01-01 571003814 HOLLINGSWORTH FUNDS INC HOLL 8646278306 124 VERDAE BLVD 502 GREENVILLE SC 29607 PAMELA M PRASHAD VP OF FINANCE & OPERATIONS 8646278306 2025-11-12 0 2024 2025-03-06 01:10:19Z B GAGE WEEKES 124 VERDAE BLVD 502 GREENVILLE SC 29607 80747076 0 X WWW.HOLLINGSWORTHFUNDS.ORG X 1977 SC 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. 12 11 8 0 294482 248170 0 0 0 0 8174051 16058362 2356093 2560935 10530144 18619297 11456576 12044703 0 0 1514482 1450155 0 0 0 3186521 4383993 16157579 17878851 -5627435 740446 394202076 406730156 1597336 910470 392604740 405819686 X 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. 0 0 13175915 12044703 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. 13175915 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 45 0 8 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X BROOKE HARMON 8646278306 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 MINOR M SHAW DIRECTOR 2.00 X 5000 0 0 WILLIAM E HENDERSON DIRECTOR 5.00 40.00 X 5000 142379 1244 SAM ERWIN VICE CHAIR 2.00 X X 5000 0 0 ANTHONY MCDADE BOARD CHAIR 3.00 X X 5000 0 0 ANNE S ELLEFSON DIRECTOR 2.00 2.00 X 5000 5000 0 BRENDA THAMES DIRECTOR 2.00 X 5000 0 0 R SEAN DOGAN DIRECTOR 2.00 X 5000 0 0 TIMOTHY J REED DIRECTOR 2.00 X 5000 0 0 JOANN HACKL SECRETARY 3.00 X X 5000 0 0 F BOGUE WALLIN DIRECTOR 2.00 2.00 X 5000 5000 0 RUSS DAVIS DIRECTOR 2.00 2.00 X 5000 5000 0 GREG INGRAM DIRECTOR 2.00 X 5000 0 0 B GAGE WEEKES PRESIDENT 40.00 X 394680 0 83662 PAMELA PRASHAD VP OF FINANCE & OPERATIONS 35.00 X 172536 0 29268 TAMELA SPANN VP OF STRATEGIC INITIATIVE 40.00 X 180460 0 44381 807676 157379 158555 4 0 1 0 HARPER CORPORATION 62-98 W COURT STREET GREENVILLE SC 29601 GENERAL CONTRACTOR 1744015 VERDAE DEVELOPMENT INC 340 ROCKY SLOPE RD 300 GREENVILLE SC 29607 REAL ESTATE ADVISORY 1603900 COLDWELL CAINE COMMERCIAL PO BOX 1908 GREENVILLE SC 29602 PROPERTY MANG & COMMISSIONS 286290 NELSON ARCHITECTURE PO BOX 779234 CHICAGO IL 60677 ARCHITECTURAL SERVICES 173585 STRADA MADE LLC 604 WEST 6TH AVENUE DENVER CO 80204 BRAND DESIGN CONSULTING 169512 7 7692589 7692589 3877767 1583605 2294162 2294162 2294162 68909947 60544174 8365773 8365773 8365773 PRIVATE EQUITIES - UBTI 900099 178927 178927 INTEREST IN BONAVENTURE 1&2 LLC 531120 87846 115555 -27709 266773 18619297 0 294482 18324815 X 12044703 12044703 609109 197340 411769 533851 483668 50183 118024 70862 47162 115637 86924 28713 73534 46184 27350 194447 11579 182868 91220 91220 471701 471701 2051500 48600 2002900 31191 14316 16875 46361 27611 18750 83587 53496 30091 34043 33961 82 5913 3785 2128 40159 40159 CREDIT LOSS 650697 650697 PROPERTY MAINTENANCE & 366015 366015 PROPERTY TAXES & LICENS 256010 256010 SPONSORSHIPS & CAPACITY 31162 31162 29987 21724 8263 17878851 13175915 4702936 0 1097847 675798 6113303 3456438 85540 155965 2908791 1791926 41 41 104816584 9525182 93553663 95291402 192210547 202408443 95498168 100299728 4103 4103 2730073 2646312 394202076 406730156 1578002 909379 19334 1091 1597336 910470 X 392604740 405819686 392604740 405819686 394202076 406730156 X 740446 13680261 -1205761 X 0 1 X 1 0 X X X 4 FURMAN UNIVERSITY 570314395 7 1 5447114 0 YMCA OF GREENVILLE 570314424 10 1 1298964 0 COMMUNITY FOUNDATION OF GREENVILLE INC 576019318 7 1 642150 0 OTHER CHAR ORG IN GRV'L CNTY SC - SEE SCHED I FOR DETAIL 000000000 7 0 4606475 0 4 11994703 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A PART 1 LINE 12G EACH YEAR THE FUNDS TO BE DISTRIBUTED ARE FIRST DITRIBUTED TO FURMAN UNIVERSITY AND THEN THE YMCA OF GREENVILLE COUNTY. AFTER THESE TWO DISTRIBUTIONS, PER THE ORGANIZING DOCUMENTS, THE REMAINING FUNDS ARE ALL DISTRIBUTED TO OTHER CHARITABLE ORGANIZATIONS IN GREENVILLE COUNTY. THE SPECIFIC CHARITABLE ORGANIZATIONS IN GREENVILLE COUNTY OTHER THAN COMMUNITY FOUNDATION OF GREENVILLE COUNTY ARE NOT SPECIFIED AND CAN CHANGE 50000 50000 17828851 17878851 1000000 250000 0 0 1000000 1000000 1500000 50000 50000 250000 250000 375000 90319252 90319252 13437835 8465685 4972150 974411 974411 0 8850 76236 85086 0 95291402 13391407 C PRIVATE EQUITY FUNDS 22516040 F HEDGE FUNDS 64392281 F 100299728 DUE TO RELATED PARTIES 1091 1091 X 33795317 13680261 1495759 15176020 18619297 0 18619297 19462455 1583604 1583604 17878851 0 17878851 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, 2024. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES AND FUNCTIONAL EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL INCOME NETTED WITH EXPENSES 1,583,605. BONAVENTURE INCOME - STATED SEPARATELY ON FINANCIAL STATEMENTS -87,846. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH INCOME 1,583,605. ROUNDING ADJUSTMENT -1. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS - FOREIGN PARTNERSHIPS/CORPS 67838736 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS - FOREIGN PARTNERSHIPS/CORPS.LIST 75 _ 3BKH144633 - 08/12/24 13:02 PM WORKSHEET SCHEDULE 11181219 0 0 0 0 0 0 79019955 0 79019955 1 0 1 1 1 0 1 ABUNDANCE CAPITAL 121 TRAFALGAR ROAD GREENVILLE SC 29617 872850443 501(C)(3) 100000 0 SUPPORT FOR GREENBOOK HOUSE ABUNDANCE CAPITAL 121 TRAFALGAR ROAD GREENVILLE SC 29617 872850443 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT BARBARA STONE FOUNDATION P O BOX 26567 GREENVILLE SC 29616 570933503 501(C)(3) 75000 0 GENERAL OPERATING SUPPORT FOR GREENVILLECAN CENTER FOR COMMUNITY SERVICES 1102 HOWARD DRIVE SIMPSONVILLE SC 29681 571059164 501(C)(3) 93750 0 PROJECT SUPPORT FOR FINANCIAL STABILITY PROGRAM COLLEGE UNBOUND 325 PUBLIC STREET PROVIDENCE RI 02905 462470807 501(C)(3) 50000 0 SUPPORT FOR SC LAUNCH COMMUNITIES IN SCHOOLS PO BOX 10308 GREENVILLE SC 29603 570931840 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT COMMUNITY FOUNDATION OF GREENVILLE 630 E WASHINGTON STREET GREENVILLE SC 29601 576019318 501(C)(3) 50000 0 OPERATING SUPPORT FOR GREENVILLE HOMELESS ALLIANCE COMMUNITY FOUNDATION OF GREENVILLE 630 E WASHINGTON STREET GREENVILLE SC 29601 576019318 501(C)(3) 25000 0 GENERAL OPERATING SUPPORT COMMUNITY FOUNDATION OF GREENVILLE 630 E WASHINGTON STREET GREENVILLE SC 29601 576019318 501(C)(3) 375000 0 OPERATING SUPPORT FOR GREENVILLE CONNECTS COMMUNITY FOUNDATION OF GREENVILLE 630 E WASHINGTON STREET GREENVILLE SC 29601 576019318 501(C)(3) 192150 0 PROJECT SUPPORT FOR PHASE TWO OF SUNSET PLAN COMMUNITYWORKS CAROLINA 107 W ANTRIM DRIVE GREENVILLE SC 29607 260421563 501(C)(3) 200000 0 GENERAL OPERATING SUPPORT FOOTHILLS FAMILY RESOURCES PO BOX 246 SLATER SC 29683 570823752 501(C)(3) 93750 0 PROJECT SUPPORT FOR INTEGRATED SERVICES FURMAN UNIVERSITY 3300 POINSETT HIGHWAY GREENVILLE SC 29613 570314395 501(C)(3) 5447114 0 GENERAL OPERATING SUPPORT GOODWILL 115 HAYWOOD ROAD GREENVILLE SC 29607 570564001 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT GREATER GOOD GREENVILLE 411 UNIVERISITY RIDGE SUITE B3 GREENVILLE SC 29601 927773203 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT GREATER GOOD GREENVILLE 411 UNIVERISITY RIDGE SUITE B3 GREENVILLE SC 29601 927773203 501(C)(3) 25000 0 PROJECT SUPPORT FOR GOTV CAMPAIGN GREATER GOOD GREENVILLE 411 UNIVERISITY RIDGE SUITE B3 GREENVILLE SC 29601 927773203 501(C)(3) 75000 0 OPERATING SUPPORT FOR CHANGEMAKERS COLLECTIVE GREENVILLE COUNTY CHAMBER FOUNDATION 24 CLEVELAND STREET GREENVILLE SC 29601 237155502 501(C)(3) 75000 0 NEXT GEN UPSTATE - STARTUPGVL GREENVILLE COUNTY CHAMBER FOUNDATION 24 CLEVELAND STREET GREENVILLE SC 29601 237155502 501(C)(3) 25000 0 GENERAL OPERATING SUPPORT GREENVILLE COUNTY CHAMBER FOUNDATION 24 CLEVELAND STREET GREENVILLE SC 29601 237155502 501(C)(3) 75000 0 LAUNCH GVL GREENVILLE COUNTY CHAMBER FOUNDATION 24 CLEVELAND STREET GREENVILLE SC 29601 237155502 501(C)(3) 35000 0 PROJECT SUPPORT FOR BUSINESS ACCELERATOR GREENVILLE COUNTY CHAMBER FOUNDATION 24 CLEVELAND STREET GREENVILLE SC 29601 237155502 501(C)(3) 25000 0 PROJECT SUPPORT FOR COMMUNITY VISIONING GREENVILLE COUNTY HUMAN RELATIONS COMMISSION 301 UNIVERSITY RIDGE SUITE 1600 GREENVILLE SC 29601 576000356 501(C)(3) 75000 0 GENERAL OPERATING SUPPORT GREENVILLE HOUSING AUTHORITY 122 EDINBURGH COURT GREENVILLE SC 29601 576000612 501(C)(3) 250000 0 GENERAL OPERATING SUPPORT GREENVILLE HOUSING FUND 101 W ANTRIM DRIVE GREENVILLE SC 29607 842931315 501(C)(3) 310000 0 GENERAL OPERATING SUPPORT GREENVILLE HOUSING FUND 101 W ANTRIM DRIVE GREENVILLE SC 29607 842931315 501(C)(3) 60000 0 CAPACITY FOR SUPPORTIVE SERVICES GREENVILLE LITERACY ASSOCIATION 225 S PLEASANTBURG DR SUITE C-10 GREENVILLE SC 29607 570521414 501(C)(3) 75000 0 GENERAL OPERATING SUPPORT GREENVILLE TECHNICAL COLLEGE FOUNDATION INC MAIL STOP 6002 P O BOX 5616 GREENVILLE SC 29606 570565961 501(C)(3) 75000 0 PROJECT SUPPORT FOR ASPIRE SCHOLARS INITIATIVE GREENVILLE TECHNICAL COLLEGE FOUNDATION INC MAIL STOP 6002 P O BOX 5616 GREENVILLE SC 29606 570565961 501(C)(3) 50000 0 SUPPORT FOR EMERGENCY FUND GUARDIANS OF GREENVILLE COUNTY PO BOX 25661 GREENVILLE SC 29616 993247642 501(C)(4) 50000 0 FOR LOBBYING ACTIVITIES CONSISTENT WITH OUR 501(C)(3) MISSION - GET OUT THE VOTE HABITAT FOR HUMANITY 50 GRAND AVENUE GREENVILLE SC 29607 570827063 501(C)(3) 30000 0 GENERAL OPERATING SUPPORT HF HOUSING INC 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 993077492 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT HISPANIC ALLIANCE PO BOX 17934 GREENVILLE SC 29606 271041624 501(C)(3) 150000 0 GENERAL OPERATING SUPPORT INSTITUTE FOR CHILD SUCCESS 613 EAST MCBEE AVENUE GREENVILLE SC 29601 271904900 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT MILL VILLAGE MINISTRIES 1186 PENDLETON STREET GREENVILLE SC 29611 900854058 501(C)(3) 50000 0 GENERAL OPERATNG SUPPORT MOUNTAIN VIEW BAPTIST CHURCH PO BOX 2511 GREENVILLE SC 29602 570572445 501(C)(3) 100000 0 PARISH HOUSE CDC PLEASANT VALLEY CONNECTION INC 510 OLD AUGUSTA ROAD GREENVILLE SC 29605 571127237 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT PUBLIC EDUCATION PARTNERS 225 S PLEASANTBURG DR SUITE E6 GREENVILLE SC 29607 570769637 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT REBUILD UPSTATE PO BOX 8693 GREENVILLE SC 29604 208296408 501(C)(3) 69000 0 CAPITAL SUPPORT FOR OWNER-OCCUPIED REHAB PROJECTS ROOT & REBOUND 1730 FRANKLIN ST SUITE 300 OAKLAND CA 94612 463876220 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT SOTERIA COMMUNITY DEVELOPMENT CORP 210 SHAW STREET GREENVILLE SC 29609 582475280 501(C)(3) 75000 0 GENERAL OPERATING SUPPORT SOUTH CAROLINA LEGAL SERVICES 701 SOUTH MAIN STREET GREENVILLE SC 29601 570485205 501(C)(3) 75000 0 GENERAL OPERATING SUPPORT TRIUNE MERCY CENTER 222 RUTHERFORD STREET GREENVILLE SC 29609 200503624 501(C)(3) 80500 0 GENERAL OPERATING SUPPORT UNITED HOUSING CONNECTIONS 135 EDINBURGH COURT - STE 201 GREENVILLE SC 29607 571032202 501(C)(3) 150000 0 GENERAL OPERATING SUPPORT UNITED MINISTRIES 606 PENDLETON STREET GREENVILLE SC 29601 570511977 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT UNITED WAY OF GREENVILLE COUNTY 105 EDINBURGH COURT GREENVILLE SC 29607 570362066 501(C)(3) 500000 0 GENERAL OPERATING SUPPORT FOR ONTRACK GREENVILLE UNITED WAY OF GREENVILLE COUNTY 105 EDINBURGH COURT GREENVILLE SC 29607 570362066 501(C)(3) 150000 0 GENERAL OPERATING SUPPORT FOR GREENVILLE TOGETHER UNITED WAY OF GREENVILLE COUNTY 105 EDINBURGH COURT GREENVILLE SC 29607 570362066 501(C)(3) 250000 0 GREENVILLE COUNTY COMMUNITY RELIEF FUND UNITED WAY OF GREENVILLE COUNTY 105 EDINBURGH COURT GREENVILLE SC 29607 570362066 501(C)(3) 24475 0 ONTRACK GREENVILLE CAPACITY BUILDING PROJECT UNITED WAY OF GREENVILLE COUNTY 105 EDINBURGH COURT GREENVILLE SC 29607 570362066 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT UPSTATE CIRCLE OF FRIENDS 29 RIDGEWAY DRIVE GREENVILLE SC 29605 204593516 501(C)(3) 50000 0 GENERAL OPERATING SUPPORT UPSTATE FOREVER 507 PETTIGRU ST GREENVILLE SC 29601 570856956 501(C)(3) 75000 0 GENERAL OPERATING SUPPORT UPSTATE SC EDUCATION FOUNDATION 3 RESEARCH DRIVE SUITE 230 GREENVILLE SC 29607 061690711 501(C)(3) 25000 0 UPSTATE ALLIANCE URBAN LEAGUE OF THE UPSTATE 15 REGENCY HILL DRIVE GREENVILLE SC 29607 570541039 501(C)(3) 80000 0 GENERAL OPERATING SUPPORT WOMEN'S RIGHTS AND EMPOWERMENT NETWORK 1201 MAIN STREET SUITE 320 COLUMBIA SC 29201 810775184 501(C)(3) 75000 0 GENERAL OPERATING SUPPORT YMCA OF GREENVILLE 723 CLEVELAND STREET GREENVILLE SC 29601 570314424 501(C)(3) 1298964 0 GENERAL OPERATING SUPPORT 35 PART I, LINE 2: HOLLINGSWORTH 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. 1 X X X X X 0 0 0 0 0 0 0 0 0 B GAGE WEEKES PRESIDENT 394680 0 0 0 0 0 54050 0 29612 0 478342 0 0 0 TAMELA SPANN VP OF STRATEGIC INITIATIVE 180460 0 0 0 0 0 16360 0 28021 0 224841 0 0 0 PAMELA PRASHAD VP OF FINANCE & OPERATIONS 172536 0 0 0 0 0 15619 0 13649 0 201804 0 0 0 WILLIAM E HENDERSON DIRECTOR 5000 142379 0 0 0 0 0 12926 0 0 5000 155305 0 0 FORM 990, PART VI, SECTION A, LINE 7A FURMAN 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 11B A COPY OF FORM 990 IS FIRST SENT TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER APPROVED BY THE AUDIT COMMITTEE, A COPY OF THE 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 12C EACH 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 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS ANNUALLY TO REVIEW THE COMPENSATION OF THE PRESIDENT. 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 (PRO-RATED IF A FULL TERM WAS NOT SERVED). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 48,600. MANAGEMENT AND GENERAL EXPENSES 58,407. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 107,007. LAND MANAGEMENT AND ADVISORY COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,944,493. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,944,493. FORM 990, PART XI, LINE 9: LOSS - WHOLLY-OWNED TAXABLE (C-CORP) SUBSIDIARY - JD HOW, INC. -742,772. INCOME - WHOLLY-OWNED TAXABLE (C-CORP) SUBSIDIARY - VERDAE DEVELOPMENT, INC -462,993. ROUNDING 4. BUCKFIELD PLANTATIONS LLC 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 571117457 REAL ESTATE HOLDINGS SC 0 0 HOLLINGSWORTH FUNDS INC VERDAE PROPERTIES LLC 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 571118009 REAL ESTATE HOLDINGS SC 1392650 99283307 HOLLINGSWORTH FUNDS INC BONAVENTURE I & II LLC 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 470991350 REAL ESTATE HOLDINGS SC 87849 5409275 VERDAE PROPERTIES LLC MARKETPLACE ON LAURENS LLC 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 994887579 REAL ESTATE HOLDINGS SC 13138572 VERDAE PROPERTIES LLC WELCOME CENTER LLC 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 372155324 REAL ESTATE HOLDINGS SC 5779526 VERDAE PROPERTIES LLC VERDAE HOLDINGS LLC 124 VERDAE BLVD SUITE 502 GREENVILLE SC 29607 994898145 REAL ESTATE HOLDINGS SC 12750186 VERDAE PROPERTIES LLC FURMAN UNIVERSITY 3300 POINSETT HIGHWAY GREENVILLE SC 29613 570314395 LIBERAL ARTS COLLEGE SC 501(C)(3) LINE 7 N/A 0 YMCA OF GREENVILLE COUNTY 723 CLEVELAND ST GREENVILLE SC 29601 570314424 TO BUILD A HEALTHY MIND, BODY, AND SPIRIT FOR ALL. SC 501(C)(3) LINE 10 N/A 0 COMMUNITY FOUNDATION OF GREENVILLE 630 E WASHINGTON ST SUITE A GREENVILLE SC 29601 576019318 TO ENHANCE THE QUALITY OF LIFE OF CITIZENS OF GREATER GREENVILLE. SC 501(C)(3) LINE 7 N/A 0 JOHN D HOLLINGSWORTH ON WHEELS INC PO BOX 516 GREENVILLE SC 29602 570468454 RETIRED MANUFACTURING CO - IN LIQUIDATION SC HOLLINGSWORTH FUNDS INC C -742772 2094829 1.00000 1 VERDAE DEVELOPMENT INC 340 ROCKY SLOPE ROAD SUITE 300 GREENVILLE SC 29607 201808028 REAL ESTATE SALES & DEVELOPMENT SC HOLLINGSWORTH FUNDS INC C -462993 10259499 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 VERDAE DEVELOPMENT INC M 1731400 CASH VERDAE DEVELOPMENT INC Q 117334 CASH VERDAE DEVELOPMENT INC P 50815 CASH