The Holdsworth Center: Nonprofit Profile, Financials & Form 990 (EIN 81-4254457)

Revenue by fiscal year
FY2020	$76.6M
FY2021	$57.5M
FY2022	$23.9M
FY2023	$35.6M
FY2024	$33.2M
FY2025	$40.2M

Expenses by fiscal year
FY2020	$13.6M
FY2021	$16.5M
FY2022	$28.4M
FY2023	$35.0M
FY2024	$33.5M
FY2025	$34.4M

Net assets by fiscal year
FY2020	$163.0M
FY2021	$209.5M
FY2022	$201.5M
FY2023	$201.0M
FY2024	$204.5M
FY2025	$212.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

79%

17%

Program services 79% · $27.3M Management & general 17% · $5.9M Fundraising 3% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $2.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Dr Lindsay Whorton

President/Director

$403,372Pt VII · Sec A

Pauline Dow

Vice President/Cpo (thru 4/25/25)

$282,040Pt VII · Sec A

Kelli Green

Treasurer & CFO

$235,224Pt VII · Sec A

Marina Lin

Secretary & COO

$222,075Pt VII · Sec A

Katherine Jaron

Managing Director

$200,736Pt VII · Sec A

Bryan Rubio

Secretary (thru 8/9/24) & Cdo

$196,633Pt VII · Sec A

Jose Cavazos

Superintendent in Residence

$185,281Pt VII · Sec A

Jason Sierra

Senior Director

$181,963Pt VII · Sec A

Dr Lindsay Whorton’s $403K as President/Director is at the 84th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Dr Lindsay Whorton	$403,372	$383,264	$363,935	$372,335	$354,983	$333,040
Pauline Dow	$282,040	$271,636	$259,275	$252,106	$254,711	—
Kelli Green	$235,224	$224,761	$189,425	—	—	—
Jennifer Chidsey	—	—	—	$219,818	$228,814	$227,192
Marina Lin	$222,075	$204,699	$205,925	$204,867	$205,417	$197,755
Katherine Jaron	$200,736	$195,707	$183,024	$176,947	$179,559	—
Bryan Rubio	$196,633	$186,376	$175,128	$170,216	$67,470	—
Jose Cavazos	$185,281	—	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops and supports educational leaders to improve K-12 public education quality for Texas students.

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1 program · $27.3M · in their own filed words · FY2024

01

The holdsworth partnership is a multi-year investment designed to help school districts grow a strong bench of outstanding leaders at all levels - with a focus on sitting and aspiring principals. The partnership begins with the district leadership program.

$27.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Charles Butt PhilanthropiesFY2025$13.5M

Postl Family FoundationFY2025$23K

Suzanne Allford Wade FoundationFY2025$15K

Total grants receivedfrom 3 funders$13.5M

See all 3 funders →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$40.2M

Ln 12

Gifts and grantsLn 1h$34.6M

Other incomeLn 4–11$2.8M

Investment incomeLn 3$2.1M

Money outPt IX

$34.4M

Ln 25

Programscol B$27.3M

Managementcol C$5.9M

Fundraisingcol D$1.1M

Owns and owesPt X

$212.9M

net assets · Ln 32

Cash and savingsLn 1–2$9.3M

Total assetsLn 16$215.3M

LiabilitiesLn 26$2.4M

PeoplePt VI, VII

30

listed · VII A

PaidVII A13

Voting boardVI 1a17

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$34.6M

Noncash giftsLn 1g$13.4M

Fees for servicesLn 2g$691K

Investment incomeLn 3$2.1M

Other incomeLn 4–11$2.8M

Gains on assetsLn 7$430K

Total revenueLn 12$40.2M

Assets in detailPt X, end of year

CashLn 1$5K

SavingsLn 2$9.3M

Cash and savings togetherLn 1–2$9.3M

InvestmentsLn 11–13$47.2M

Land, buildings, equipmentLn 10c$155.6M

Other assetsLn 15$122K

Total assetsLn 16$215.3M

LiabilitiesLn 26$2.4M

Net assetsLn 32$212.9M

OperationsPt I, VI

EmployeesI 556

VolunteersI 615

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$13.4M

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$5.3M	$9.3M
InvestmentsLn 11–13	$38.4M	$47.2M
Land, buildings, equipmentLn 10c	$161.2M	$155.6M
Total assetsLn 16	$207.3M	$215.3M
LiabilitiesLn 26	$2.9M	$2.4M
Net assetsLn 32	$204.5M	$212.9M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$2.1M	$1.2M	$585K	$318K
Pay of disqualified personsLn 6	$15K	$10K	$4K	$990
Other salaries and wagesLn 7	$8.3M	$5.6M	$2.3M	$372K
Pension plan contributionsLn 8	$247K	$160K	$80K	$7K
Other employee benefitsLn 9	$1.0M	$614K	$356K	$55K
Payroll taxesLn 10	$788K	$500K	$245K	$43K
Legal feesLn 11b	$372K	$3K	$369K
Accounting feesLn 11c	$69K		$69K
Investment management feesLn 11f	$142K		$142K
Other fees for servicesLn 11g	$10.9M	$10.4M	$389K	$73K
Advertising and promotionLn 12	$88K		$88K
Office expensesLn 13	$296K	$153K	$95K	$47K
Information technologyLn 14	$1.5M	$987K	$428K	$99K
OccupancyLn 16	$522K	$506K	$13K	$3K
TravelLn 17	$1.0M	$867K	$126K	$34K
Conferences, conventions and meetingsLn 19	$25K	$3K	$22K
Depreciation, depletion and amortizationLn 22	$5.5M	$5.4M	$135K	$31K
InsuranceLn 23	$94K	$83K	$10K	$1K
Other expenses (24a–d)Ln 24	$398K		$398K
All other expensesLn 24e	$927K	$785K	$78K	$64K
Total functional expensesLn 25	$34.4M	$27.3M	$5.9M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Feb 24, 2026	$40.2M	$34.4M	$5.9M	$212.9M	990 PDF
FY2024Filed with the IRS Mar 4, 2025	$33.2M	$33.5M	−$322K	$204.5M	990 PDF
FY2023Filed with the IRS Feb 20, 2024	$35.6M	$35.0M	$681K	$201.0M	990 PDF
FY2022	$23.9M	$28.4M	−$4.6M	$201.5M	990 PDF
FY2021Filed with the IRS Apr 13, 2022	$57.5M	$16.5M	$41.0M	$209.5M	990 PDF
FY2020Filed with the IRS May 20, 2021	$76.6M	$13.6M	$63.1M	$163.0M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $40,223,613 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $29,262,065$34,603,404

I-9 Program service revenuePrior year $543,448$690,552

I-10 Investment incomePrior year $1,462,335$2,089,146

I-11 Other revenuePrior year $1,927,547$2,840,511

I-12 Total revenuePrior year $33,195,395$40,223,613

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $12,112,796$12,476,686

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $21,404,948$21,894,792

I-18 Total expensesPrior year $33,517,744$34,371,478

I-19 Revenue less expensesPrior year −$322,349$5,852,135

Part VI · Governance 15 of 17 board members independent, no flags

VI-1a Voting members of the governing body17

VI-1b Independent voting members15

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $40,223,613 across 8 lines filed

Lines not itemized here account for $2,829,897 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$34,603,404

VIII-1g Noncash contributions (included above)$13,384,874

VIII-1h Total contributions, gifts and grants$34,603,404

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $690,552$690,552

VIII-3 Investment incomeExcluded from tax $1,658,726$1,658,726

VIII-7 Net gain or loss on sales of assetsExcluded from tax $430,420$430,420

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,614$10,614

VIII-12 Total revenueRelated to mission $701,166 · Unrelated business $2,829,897 · Excluded from tax $2,089,146$40,223,613

Part IX · Statement of functional expenses $34,371,478 across 20 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $1,245,763 · Management $585,098 · Fundraising $317,908$2,148,769

IX-6 Pay of disqualified personsPrograms $9,876 · Management $4,279 · Fundraising $990$15,145

IX-7 Other salaries and wagesPrograms $5,590,221 · Management $2,291,271 · Fundraising $371,542$8,253,034

IX-8 Pension plan contributionsPrograms $160,334 · Management $79,981 · Fundraising $6,705$247,020

IX-9 Other employee benefitsPrograms $613,572 · Management $355,803 · Fundraising $54,936$1,024,311

IX-10 Payroll taxesPrograms $500,076 · Management $244,852 · Fundraising $43,479$788,407

IX-11b Legal feesPrograms $3,450 · Management $368,675$372,125

IX-11c Accounting feesManagement $68,704$68,704

IX-11f Investment management feesManagement $141,726$141,726

IX-11g Other fees for servicesPrograms $10,434,698 · Management $389,158 · Fundraising $72,951$10,896,807

IX-12 Advertising and promotionManagement $88,224$88,224

IX-13 Office expensesPrograms $153,193 · Management $95,406 · Fundraising $47,039$295,638

IX-14 Information technologyPrograms $987,152 · Management $427,684 · Fundraising $99,001$1,513,837

IX-16 OccupancyPrograms $505,907 · Management $12,713 · Fundraising $2,943$521,563

IX-17 TravelPrograms $866,577 · Management $126,042 · Fundraising $34,331$1,026,950

IX-19 Conferences, conventions and meetingsPrograms $3,161 · Management $21,881$25,042

IX-22 Depreciation, depletion and amortizationPrograms $5,359,853 · Management $134,690 · Fundraising $31,178$5,525,721

IX-23 InsurancePrograms $82,533 · Management $9,917 · Fundraising $1,287$93,737

IX-24 Other expenses (24a–d)Management $397,933$397,933

IX-24e All other expensesPrograms $785,047 · Management $77,771 · Fundraising $63,967$926,785

IX-25 Total functional expensesPrograms $27,301,413 · Management $5,921,808 · Fundraising $1,148,257$34,371,478

Part X · Balance sheet $215,285,701 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $150,679$4,502

X-2 Savings and temporary cash investmentsStart of year $5,195,571$9,321,311

X-3 Pledges and grants receivableStart of year $91,985$1,034,425

X-4 Accounts receivableStart of year $681,204$530,478

X-9 Prepaid expenses and deferred chargesStart of year $1,631,038$1,465,833

X-10c Land, buildings and equipment, netStart of year $161,162,468$155,636,747

X-11 Publicly traded securitiesStart of year $38,358,345$47,170,405

X-15 Other assetsStart of year $72,535$122,000

X-16 Total assetsStart of year $207,343,825$215,285,701

X-17 Accounts payable and accrued expensesStart of year $1,451,851$745,176

X-19 Deferred revenueStart of year $635,130$810,484

X-25 Other liabilitiesStart of year $763,992$802,514

X-26 Total liabilitiesStart of year $2,850,973$2,358,174

X-27 Net assets without donor restrictionsStart of year $204,492,852$210,901,590

X-28 Net assets with donor restrictions$2,025,937

X-32 Total net assets or fund balancesStart of year $204,492,852$212,927,527

X-33 Total liabilities and net assetsStart of year $207,343,825$215,285,701

Part XI · Reconciliation of net assets $212,927,527 net assets at year end

XI-1 Total revenue$40,223,613

XI-2 Total expenses$34,371,478

XI-3 Revenue less expenses$5,852,135

XI-4 Net assets at start of year$204,492,852

XI-5 Net unrealized gains (losses) on investments$2,582,540

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$212,927,527

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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