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Hollingsworth Entrepreneurial Foundation is a private corporation based in CLINTON, TN. The foundation received its IRS ruling in 2023. It holds total assets of $770K. Annual income is reported at $6K. Total assets have grown from $36K in 2023 to $120K in 2024. The foundation is governed by 8 officers and trustees. During 2023 hollingsworth entrepreneurial foundation was in the startup phase and preparing to begin operating in earnest in 2024. It is a private operating foundation whose principal activity is sustaining and administering a mezzanine financing program for new and existing local businesses needing access to capital, but that are unable to obtain financing from conventional sources of funds due to the high level of risk presented by the applicant businesses. The foundation shall concentrate its financing efforts as follows: first, in the market street area of clinton, tennessee, then, for businesses operating in other geographic areas of clinton, tennessee, and finally, for businesses operating in other geographic areas of anderson county, (but excluding oak ridge), tennessee. This financing program will include making business loans guaranteed by the recipient business owners, and such loans will be further secured by security interests in the assets of the business or in other colla. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2023 to 2024. Contributions to this foundation are tax-deductible.
During 2023 hollingsworth entrepreneurial foundation was in the startup phase and preparing to begin operating in earnest in 2024. It is a private operating foundation whose principal activity is sustaining and administering a mezzanine financing program for new and existing local businesses needing access to capital, but that are unable to obtain financing from conventional sources of funds due to the high level of risk presented by the applicant businesses. The foundation shall concentrate its financing efforts as follows: first, in the market street area of clinton, tennessee, then, for businesses operating in other geographic areas of clinton, tennessee, and finally, for businesses operating in other geographic areas of anderson county, (but excluding oak ridge), tennessee. This financing program will include making business loans guaranteed by the recipient business owners, and such loans will be further secured by security interests in the assets of the business or in other colla
Expenses: $4K
During 2023 hollingsworth entrepreneurial foundation was in the startup phase and preparing to begin operating in earnest in 2024. It is a private operating foundation whose principal activity is sustaining and administering a mezzanine financing program for new and existing local businesses needing access to capital, but that are unable to obtain financing from conventional sources of funds due to the high level of risk presented by the applicant businesses. The foundation shall concentrate its financing efforts as follows: first, in the market street area of clinton, tennessee, then, for businesses operating in other geographic areas of clinton, tennessee, and finally, for businesses operating in other geographic areas of anderson county, (but excluding oak ridge), tennessee. This financing program will include making business loans guaranteed by the recipient business owners, and such loans will be further secured by security interests in the assets of the business or in other colla.
Hollingsworth Entrepreneurial Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hollingsworth Entrepreneurial Foundation is headquartered in CLINTON, TN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mike Wallace | EXEC. DIRECT | $37K | $2K | $38K |
| Robert Baird | DIRECTOR | $0 | $0 | N/A |
| Brenda Starwalt | DIRECTOR | $0 | $0 | N/A |
| Lauren Hollingsworth | DIRECTOR | $0 | $0 | N/A |
| Amanda Fritts | SECRETARY | $0 | $0 | N/A |
| Jim Hollingsworth | DIRECTOR | $0 | $0 | N/A |
| Richard S Matlock | DIRECTOR | $0 | $0 | N/A |
| Joseph A Hollingsworth Jr | PRESIDENT | $0 | $0 | N/A |
| Year | Return Type | |
|---|---|---|
| 2024 | 990PF | — |
| 2023 | 990PF | View |
Total Giving
N/A
Total Assets
$120K
Fair Market Value
N/A
Net Worth
$120K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.