Hispanic Scholarship Fund
- Assets
- $152.6m
- Revenue
- $60.0m
- Investments
- $244.2k
- Employees
- 63
- Location
- Gardena, CA
- Founding
- 01/1976
- Data as of
- 03/2022
- 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 03/2022, Hispanic Scholarship Fund employed 63 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 03/2022, Hispanic Scholarship Fund generated $60.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $47.4m during the year ending 03/2022. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hispanic Scholarship Fund has awarded 569 individual grants totaling $75,107,381. 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
2022
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 Executive Officer | OfficerTrustee | 40 | $657,200 |
Julie Hite Chief Operating Officer | Officer | 40 | $355,481 |
Araceli Ruano Chief Administrative Officer And Gc | 40 | $240,750 | |
Victoria Hardy Chief Financial Officer, Finance & Accounting | 40 | $228,993 | |
Tammy Schlegel Chief Information Officer, Information Sercives | 40 | $215,316 | |
Ruth Castillo Executive V.p., Career Services & Alumni Relations | 40 | $181,295 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mission Cloud Services Inc Web Hosting Fees & Support | 3/30/22 | $737,797 |
Dell Marketing Lp Computer Equipment | 3/30/22 | $237,076 |
Redstone La I Llc Lease Expense | 3/30/22 | $548,381 |
The Boston Consulting Group Inc Consulting Project Mgmt | 3/30/22 | $400,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,723,359 |
| Noncash contributions included in lines 1a–1f | $55,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,773,359 |
| Total Program Service Revenue | $0 |
| Investment income | $2,127,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,186,018 |
| Net Income from Fundraising Events | -$51,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,036,131 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,990,536 |
| Grants and other assistance to domestic individuals. | $24,137,431 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,079,089 |
| Compensation of current officers, directors, key employees. | $185,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,760,177 |
| Pension plan accruals and contributions | $194,323 |
| Other employee benefits | $1,026,494 |
| Payroll taxes | $469,129 |
| Fees for services: Management | $229,501 |
| Fees for services: Legal | $21,660 |
| Fees for services: Accounting | $51,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $271,572 |
| Fees for services: Other | $733,166 |
| Advertising and promotion | $441,620 |
| Office expenses | $1,131,113 |
| Information technology | $688,846 |
| Royalties | $0 |
| Occupancy | $663,936 |
| Travel | $181,359 |
| 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 | $1,036,478 |
| Insurance | $103,425 |
| All other expenses | $0 |
| Total functional expenses | $47,365,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,741,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,312,772 |
| 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 | $1,493,646 |
| Net Land, buildings, and equipment | $15,137,914 |
| Investments—publicly traded securities | $98,689,612 |
| Investments—other securities | $244,235 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,619,685 |
| Accounts payable and accrued expenses | $1,778,600 |
| Grants payable | $392,516 |
| 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 | $20,246,398 |
| Total liabilities | $22,417,514 |
| Net assets without donor restrictions | $76,058,333 |
| Net assets with donor restrictions | $54,143,838 |
| 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 | $152,619,685 |
Grants Awarded
Over the last fiscal year, Hispanic Scholarship Fund has awarded $8,990,536 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $1,015,601 |
New York, NY PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $698,643 |
Cambridge, MA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $523,116 |
New Haven, CT PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $424,945 |
Los Angeles, CA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $300,591 |
Los Angeles, CA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $247,451 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hispanic Scholarship Fund has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mazars Usa Philanthropic Fund New York, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $20,004,380 |
| Earnings | $108,985 |
| Net Contributions | $5,094,500 |
| Other Expense | $868,330 |
| Ending Balance | $24,339,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Schmidt Family Foundation Palo Alto, CA | $1,804,927,974 | $171,198,618 |
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |