Hispanic Scholarship Fund
- Assets
- $135.9m
- Revenue
- $45.5m
- Investments
- $167.1k
- Employees
- 85
- Location
- Gardena, CA
- Founding
- 01/1976
- Data as of
- 03/2024
- EIN
- 52-1051044
Organization Overview
Hispanic Scholarship Fund is located in Gardena, CA. The organization was established in 1976. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 03/2024, Hispanic Scholarship Fund employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Hispanic Scholarship Fund generated $45.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $59.4m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hispanic Scholarship Fund has awarded 735 individual grants totaling $66,011,710. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
HSF EMPOWERS STUDENTS AND PARENTS WITH THE KNOWLEDGE AND RESOURCES TO SUCCESSFULLY COMPLETE A HIGHER EDUCATION, WHILE PROVIDING SUPPORT SERVICES AND SCHOLARSHIPS TO AS MANY EXCEPTIONAL STUDENTS, HSF SCHOLARS AND ALUMNI AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT SERVICES - HSF PROVIDES FREE, BILINGUAL, COLLEGE PREPARATION PROGRAMS HELD VIRTUALLY, AND IN VARIOUS CITIES ACROSS THE COUNTRY, DESIGNED TO HELP STUDENTS AND THEIR PARENTS PREPARE, PLAN, AND PAY FOR COLLEGE. ADDITIONAL MULTI-DAY PROGRAMS FOR SELECTED HSF SCHOLARS PROVIDE LEADERSHIP TRAINING, NETWORKING, PROFESSIONAL DEVELOPMENT AND OPPORTUNITIES TO INTERVIEW FOR INTERNSHIPS AND FULL-TIME EMPLOYMENT POSITIONS. IN ADDITION, THROUGH ITS ONLINE PORTAL, HSF PROVIDES FREE INFORMATION AND RESOURCES TO VISITORS, INCLUDING POTENTIAL SCHOLARSHIP APPLICANTS AND THEIR PARENTS, CURRENT SCHOLARS, AND ALUMNI, ON A RANGE OF TOPICS RELATED TO COLLEGE AND THE TRANSITION FROM COLLEGE TO CAREER.
SCHOLARSHIPS - HSF ADMINISTERS SCHOLARSHIPS FUNDED BY DONATIONS FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fidel A Vargas President & Chief Executiv | OfficerTrustee | 40 | $676,675 |
Gene Camarena Chair, Audit/board Member | OfficerTrustee | 1 | $0 |
Elizabeth Oliver-Farrow Vice Chair/chair Human Resources | OfficerTrustee | 1 | $0 |
Maria Elena Salinas Secretary/board Member | OfficerTrustee | 1 | $0 |
Stephanie Bell-Rose Board Member | Trustee | 1 | $0 |
Michael J Bender Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Employee Benefits | 3/30/24 | $884,780 |
Guardian Employee Benefits | 3/30/24 | $195,399 |
Studion Dba Extension Engine Llc Development Of Hsf University Courses | 3/30/24 | $176,431 |
Kaiser Foundation Health Plan Inc Employee Benefits | 3/30/24 | $166,941 |
Alicia Santistevan Photographer Photography Services | 3/30/24 | $151,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,567,224 |
| Noncash contributions included in lines 1a–1f | $315,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,567,224 |
| Total Program Service Revenue | $0 |
| Investment income | $3,187,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,275,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,537,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,242,953 |
| Grants and other assistance to domestic individuals. | $11,538,410 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,149,680 |
| Compensation of current officers, directors, key employees. | $290,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,901,193 |
| Pension plan accruals and contributions | $264,004 |
| Other employee benefits | $1,392,912 |
| Payroll taxes | $631,558 |
| Fees for services: Management | $772,956 |
| Fees for services: Legal | $85,018 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $213,875 |
| Fees for services: Other | $1,454,326 |
| Advertising and promotion | $6,788,974 |
| Office expenses | $1,554,909 |
| Information technology | $1,228,893 |
| Royalties | $0 |
| Occupancy | $731,612 |
| Travel | $4,224,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,994,106 |
| Insurance | $129,553 |
| All other expenses | $0 |
| Total functional expenses | $59,393,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,312,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,523,490 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,999,939 |
| Net Land, buildings, and equipment | $13,793,680 |
| Investments—publicly traded securities | $89,503,689 |
| Investments—other securities | $167,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569,357 |
| Total assets | $135,870,257 |
| Accounts payable and accrued expenses | $1,979,323 |
| Grants payable | $403,559 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,109,174 |
| Total liabilities | $24,492,056 |
| Net assets without donor restrictions | $72,614,679 |
| Net assets with donor restrictions | $38,763,522 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $135,870,257 |
Grants Awarded
Over the last fiscal year, Hispanic Scholarship Fund has awarded $14,242,953 in support to 217 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS STATE UNIVERSITY PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $16,858 |
ARIZONA STATE UNIVERSITY PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $41,057 |
BARNARD COLLEGE PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $29,606 |
BAYLOR UNIVERSITY PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $102,592 |
BELMONT UNIVERSITY PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $17,151 |
BOARD OF REGENTS OF THE UNIVERSITY OF NEBRASKA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $16,994 |