Civic Intelligence

Hispanic Scholarship Fund

990 • Fiscal year 2021 • EIN 52-1051044

Apr 01, 2020 to Mar 31, 2021 • Filed on Aug 13, 2021

Organization ProfileWWW.HSF.NET

View Organization Page

1411 West 190th Street No 700Gardena, CA 90248

(310) 579-9216

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.17x

Higher debt load relative to assets than 38% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.27x

Higher debt load relative to revenue than 36% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

91st percentile

58%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$500,235

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

96th percentile

74%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

57%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$141,362,053

Up $60,086,609 (+74%) from 2020

Net Assets

Up

$117,672,984

Up $37,956,659 (+48%) from 2020

Liabilities

Up

$23,689,069

Up $22,129,950 (+1419%) from 2020

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin91st percentile

Revenue

Up

$86,613,000

Up $31,357,398 (+57%) from 2020

Expenses

Down

$36,529,664

Down $8,580,856 (-19%) from 2020

Net Income

Up

$50,083,336

Up $39,938,254 (+394%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $30,144,888Liabilities 2010: $888,293Net Assets 2010: $29,256,5952010Assets 2011: $30,725,271Liabilities 2011: $619,453Net Assets 2011: $30,105,8182011Assets 2012: $42,494,710Liabilities 2012: $2,208,431Net Assets 2012: $40,286,2792012Assets 2013: $36,666,079Liabilities 2013: $1,158,920Net Assets 2013: $35,507,1592013Assets 2014: $37,096,891Liabilities 2014: $1,406,682Net Assets 2014: $35,690,2092014Assets 2015: $35,306,217Liabilities 2015: $1,453,671Net Assets 2015: $33,852,5462015Assets 2016: $32,674,805Liabilities 2016: $1,331,740Net Assets 2016: $31,343,0652016Assets 2017: $33,406,397Liabilities 2017: $1,712,793Net Assets 2017: $31,693,6042017Assets 2018: $42,515,261Liabilities 2018: $1,454,128Net Assets 2018: $41,061,1332018Assets 2019: $76,353,087Liabilities 2019: $4,964,399Net Assets 2019: $71,388,6882019Assets 2020: $81,275,444Liabilities 2020: $1,559,119Net Assets 2020: $79,716,3252020Assets 2021: $141,362,053Liabilities 2021: $23,689,069Net Assets 2021: $117,672,9842021Assets 2022: $152,619,685Liabilities 2022: $22,417,514Net Assets 2022: $130,202,1712022Assets 2023: $148,596,443Liabilities 2023: $26,630,404Net Assets 2023: $121,966,0392023Assets 2024: $135,870,257Liabilities 2024: $24,492,056Net Assets 2024: $111,378,2012024Assets 2025: $122,551,867Liabilities 2025: $25,841,629Net Assets 2025: $96,710,2382025

Highlighted filing

2021

Assets$141,362,053
Liabilities$23,689,069
Net Assets$117,672,984
Open 2021 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2010: $37,523,4432010Revenue 2011: $39,946,013Expenses 2011: $39,905,975Net Income 2011: $40,0382011Expenses 2012: $42,391,6032012Revenue 2013: $41,164,260Expenses 2013: $46,125,944Net Income 2013: -$4,961,6842013Revenue 2014: $43,727,814Expenses 2014: $44,293,939Net Income 2014: -$566,1252014Revenue 2015: $42,367,322Expenses 2015: $44,864,547Net Income 2015: -$2,497,2252015Revenue 2016: $44,839,607Expenses 2016: $46,748,109Net Income 2016: -$1,908,5022016Revenue 2017: $47,831,597Expenses 2017: $48,536,245Net Income 2017: -$704,6482017Revenue 2018: $52,464,745Expenses 2018: $44,298,196Net Income 2018: $8,166,5492018Revenue 2019: $76,590,119Expenses 2019: $46,501,776Net Income 2019: $30,088,3432019Revenue 2020: $55,255,602Expenses 2020: $45,110,520Net Income 2020: $10,145,0822020Revenue 2021: $86,613,000Expenses 2021: $36,529,664Net Income 2021: $50,083,3362021Revenue 2022: $60,036,131Expenses 2022: $47,365,483Net Income 2022: $12,670,6482022Revenue 2023: $40,093,684Expenses 2023: $48,338,730Net Income 2023: -$8,245,0462023Revenue 2024: $45,537,768Expenses 2024: $59,393,948Net Income 2024: -$13,856,1802024Revenue 2025: $54,519,036Expenses 2025: $70,065,709Net Income 2025: -$15,546,6732025

Highlighted filing

2021

Revenue$86,613,000
Expenses$36,529,664
Net Income$50,083,336
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Aug 13, 2021
Return Version
2020v4.1
Gross Receipts
$112,157,356
Mission and Program Overview

Mission

Through scholarships and student/family services, the hispanic scholarship fund aims to provide students all the tools they need to get a college degree and succeed in life. Over $515 million has been awarded to date.

Hispanic scholarship fund awards scholarships to outstanding hispanic students in the united states, puerto rico and united states virgin islands.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,004,624$88,322,591▲ $75,317,967
Cash and Non-Interest-Bearing Accounts$35,521,535$35,204,550▼ $316,985
Land, Buildings, and Equipment, Net$1,683,674$10,962,106▲ $9,278,432
Pledges and Grants Receivable$26,477,650$4,706,678▼ $21,770,972
Prepaid Expenses and Deferred Charges$1,661,575$1,526,589▼ $134,986
Investments Other Securities$2,926,386$639,539▼ $2,286,847
Total Assets$81,275,444$141,362,053▲ $60,086,609
Liabilities
Other Liabilities$454,849$22,131,843▲ $21,676,994
Accounts Payable and Accrued Expenses$852,317$1,144,144▲ $291,827
Grants Payable$251,953$413,082▲ $161,129
Total Liabilities$1,559,119$23,689,069▲ $22,129,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,390,926$59,730,336▲ $58,339,410
Net Assets With Donor Restrictions$78,325,399$57,942,648▼ $20,382,751
Total Net Assets Fund Balance$79,716,325$117,672,984▲ $37,956,659
Total Liabilities and Net Assets / Fund Balance$81,275,444$141,362,053▲ $60,086,609

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,488,650$2,723,666$13,212,316
Equipment$291,351$492,328$783,679
Leasehold Improvements$182,105$183,686$365,791

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$16,758,939$3,000▲ $4,114,626$872,185$20,004,380
2019$18,586,589$-4,500▼ $1,075,785$747,365$16,758,939
2018$18,401,046$26,513▲ $954,880$795,850$18,586,589
2017$17,567,843$20,943▲ $1,567,145$754,885$18,401,046
2016$16,921,234$12,640▲ $1,338,668$704,699$17,567,843
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fidel a VargasPresident & CEOFT$470,050$30,185$500,235
Julie HiteChief Operating OfficerFT$293,954$36,945$330,899
Ruano AraceliChief Administrative Officer and GcFT$242,300$17,389$259,689
Victoria HardySenior VP, Finance & AccountingFT$194,556$31,408$225,964
Ruth CastilloSenior VP, Career Services & Alumni RelationsFT$155,447$28,747$184,194
Ruth CastilloSenior VP, Career Services & Alumni-$155,447$28,747$184,194
Daniel EdezaSenior VP, Scholarship ProgramsFT$161,282$15,145$176,427
Tammy SchlegelSenior VP, Project ManagementFT$164,401$7,880$172,281
Eduardo Favio AngelesSenior VP, Solutions ArchitectureFT$152,489$15,864$168,353
Jason AcostaSenior VP, Strategic PartnershipsFT$126,473$18,135$144,608
Peter BaekVP, Solutions ArchitectureFT$104,101$38,445$142,546
Daniel GarciaVP, Scholarship Administration & ProcessingFT$105,610$23,385$128,995
Alex SandovalVP, Analytics and Data VisualizationFT$115,821$12,790$128,611

Board Members and Trustees

NameTitle
Daniel J Acosta JrChair Development/board Member
Angel L MoralesChair Finance & Investments/board Member
Gene CamarenaChair, Audit/board Member
James McnamaraChair, Nominations & Governance/board Member
Phillip HyunChair,technology/board Member
Elizabeth Oliver-farrowVice Chair/chair Human Resources/board Member
Bea PerezBoard Member
Cesar VargasBoard Member
Ida NietoBoard Member
Michael L BenderBoard Member
Nely GalanBoard Member
Peggy TurnerBoard Member
Walter DolhareBoard Member
Maria Elena SalinasSecretary/board Member
Anthony SalcidoTreasurer/board Member

Highest Paid Contractors

ContractorServicesLocationCompensation
The Boston Consulting Group INCConsulting Project Mgmt515 S FLOWER STREET STE 5100, Los Angeles, CA 90071$2,400,000
Redstone La I LLCLease Expense1411 W 190TH STREET, Gardena, CA 90248$597,463
AmazoncomWeb Hosting & Tech Equipment85 WEST STREET, Los Angeles, CA 90071$255,064
Mission Cloud Services INCWeb Hosting Fees & Support4470 W SUNSET BLVDSTE 107 PMB 9414, Los Angeles, CA 90027$175,534
Revenue and Support

Revenue Composition

Contributions and Grants
$78,997,926
Program Service Revenue
$0
Investment Income
$7,692,786
Other Revenue
$-77,712
All Other Contributions
$77,816,734
Change in Net Assets
$50,083,336

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$30,107Fair Market Value (FMV)
Other Non Cash Contri Table1$7,500Fair Market Value (FMV)
Total Noncash Contributions2$37,607-

Audited Revenue Reconciliation

Revenue per Audited Statements
$64,883,477
Revenue Not Reported on Financial Statements
$21,729,523
Revenue Not Reported on Form 990
$12,200,743
Other Revenue Adjustments
$21,729,523
Total Revenue per Audited Statements
$77,084,220
Total Revenue per Form 990
$86,613,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,048,207
Salaries, Compensation, and Employee Benefits$6,827,641
Other Expenses$4,653,816
Total Fundraising Expense$253,424
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$19,404,185--$19,404,185
Grants to Domestic Orgs$5,644,022--$5,644,022
Other Salaries and Wages$2,366,269$809,379$314,037$3,489,685
Current Officers, Directors, Trustees, and Key Employees$2,023,664$31,006$12,403$2,067,073
Office Expenses$558,823$602,447$26,706$1,187,976
Fees for Services Other$860,725$268,164$16,796$1,145,685
Other Employee Benefits$580,066$135,175$27,481$742,722
Occupancy$160,275$537,510$69$697,854
Depreciation Depletion$327,496$320,033-$647,529
Payroll Taxes$299,466$59,206$18,982$377,654
Advertising$148,297$95,704$11,276$255,277
Fees for Services Management$163,841$49,847$3,034$216,722
Fees for Service Investment Mgmnt Fees-$151,612-$151,612
Pension Plan Contributions$117,282$27,607$5,618$150,507
Interest$67,919$44,543$2,152$114,614
Insurance-$72,620-$72,620
Fees for Services Accounting$39,199$11,925$726$51,850
Fees for Services Legal$23,265$17,552-$40,817
Conferences and Meetings$26,701$4,412-$31,113
Other Expenses$1,962,258$-1,772,091$-190,167$0
Total Functional Expenses$34,775,460$1,500,780$253,424$36,529,664

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$39,127,562
Total Expenses per Form 990$36,529,664
Expenses per Audited Statements$36,378,052
Expenses Not Reported on Form 990$2,749,510
Expenses Not Reported on Financial Statements$151,612
Other Expense Adjustments$151,612
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Trustees of Columbia University in the City of New YorkNew York, NY-To Provide Scholarships for Students$427,677
The Board of Trustees of the Leland Stanford UniversityPalo Alto, CA-To Provide Scholarships for Students$423,214
The University of Texas at AustinAustin, TX-To Provide Scholarships for Students$237,226
President and Fellows of Harvard CollegeCambridge, MA-To Provide Scholarships for Students$232,765
New York UniversityNew York, NY-To Provide Scholarships for Students$224,319
University of Southern CaliforniaLos Angeles, CA-To Provide Scholarships for Students$213,597
University of OklahomaNorman, OK-To Provide Scholarships for Students$189,766
Georgia Institute of TechnologyAtlanta, GA-To Provide Scholarships for Students$188,577
Yale UniversityNew Haven, CT-To Provide Scholarships for Students$173,375
Duke UniversityDurham, NC-To Provide Scholarships for Students$153,118
University of ChicagoChicago, IL-To Provide Scholarships for Students$141,775
Regents of the University of CaliforniaBerkeley, CA-To Further Their Exempt Purpose$138,125
The Trustees of Davidson CollegeDavidson, NC-To Provide Scholarships for Students$135,817
Trustees of Boston UniversityBoston, MA-To Provide Scholarships for Students$131,340
Brown UniversityProvidence, RI-To Provide Scholarships for Students$121,887
Northwestern UniversityEvanston, IL-To Provide Scholarships for Students$110,586
The Regents of the University of California Los AngelesLos Angeles, CA-To Provide Scholarships for Students$97,686
Emerson CollegeBoston, MA-To Provide Scholarships for Students$92,080
John Hopkins UniversityBaltimore, MD-To Provide Scholarships for Students$85,382
University of PennsylvaniaPhiladelphia, PA-To Provide Scholarships for Students$83,842
Cornell UniversityIthaca, NY-To Provide Scholarships for Students$70,741
Pace UniversityNew York, NY-To Provide Scholarships for Students$59,479
University of FloridaGainesville, FL-To Provide Scholarships for Students$58,058
University of Colorado BoulderDenver, CO-To Provide Scholarships for Students$58,022
University of GeorgiaAthens, GA-To Provide Scholarships for Students$56,666
University of Michigan - Ann ArborAnn Arbor, MI-To Provide Scholarships for Students$54,692
The Trustees of Princeton UniversityPrinceton, NJ-To Provide Scholarships for Students$52,147
Carnegie Mellon UniversityPittsburgh, PA-To Provide Scholarships for Students$51,052
Case Western Reserve UniversityCleveland, OH-To Provide Scholarships for Students$45,105
Vanderbilt UniversityNashville, TN-To Provide Scholarships for Students$44,444
The American Musical and Dramatic AcademyNew York, NY-To Provide Scholarships for Students$43,645
Fordham UniversityBronx, NY-To Provide Scholarships for Students$43,024
Emory UniversityAtlanta, GA-To Provide Scholarships for Students$40,257
Creighton UniversityOmaha, NE-To Provide Scholarships for Students$38,143
Northeastern UniversityBoston, MA-To Provide Scholarships for Students$36,401
Clemson UniversityClemson, SC-To Provide Scholarships for Students$36,235
University of Notre Dame Du LacNotre Dame, IN-To Provide Scholarships for Students$33,629
University of TulsaTulsa, OK-To Provide Scholarships for Students$33,189
Kansas State UniversityManhattan, KS-To Provide Scholarships for Students$33,143
Colorado School of MinesGolden, CO-To Provide Scholarships for Students$30,586
William Marsh Rice UniversityHouston, TX-To Provide Scholarships for Students$29,055
University of MiamiCoral Gables, FL-To Provide Scholarships for Students$29,039
Oklahoma State UniversityStillwater, OK-To Provide Scholarships for Students$27,947
Massachusetts Institute of TechnologyCambridge, MA-To Provide Scholarships for Students$27,252
The Ohio State UniversityColumbus, OH-To Provide Scholarships for Students$26,731
The University of ArizonaTucson, AZ-To Provide Scholarships for Students$26,595
Wheaton CollegeWheaton, IL-To Provide Scholarships for Students$25,324
The Art Institute of ChicagoChicago, IL-To Provide Scholarships for Students$25,259
Latino Donor CollaborativeScottsdale, AZ501 (c) (3)To Further Their Exempt Purpose$25,000
The George Washington UniversityAshburn, VA-To Provide Scholarships for Students$24,342
Trustees of Dartmouth CollegeHanover, NH-To Provide Scholarships for Students$24,271
State of West VirginiaMorgantown, WV-To Provide Scholarships for Students$24,064
University of Nevada Las VegasLas Vegas, NV-To Provide Scholarships for Students$24,056
University of the PacificStockton, CA-To Provide Scholarships for Students$23,730
American UniversityWashington, DC-To Provide Scholarships for Students$23,652
Texas a & M UniversityCollege Station, TX-To Provide Scholarships for Students$23,437
Stevens Institute of TechnologyHoboken, NJ-To Provide Scholarships for Students$23,387
Ohio UniversityAthens, OH-To Provide Scholarships for Students$22,344
Morehouse CollegeAtlanta, GA-To Provide Scholarships for Students$20,761
Howard UniversityWashington, DC-To Provide Scholarships for Students$20,714
The Rector and Visitors of the University of VirginiaCharlottesville, VA-To Provide Scholarships for Students$20,357
Capital UniversityColumbus, OH-To Provide Scholarships for Students$20,009
Baylor UniversityWaco, TX-To Provide Scholarships for Students$19,334
Freed-hardeman UniversityHenderson, TN-To Provide Scholarships for Students$19,167
Claremont Mckenna CollegeClaremont, CA-To Provide Scholarships for Students$19,126
Northeastern State UniversityTahlequah, OK-To Provide Scholarships for Students$18,511
Washington State UniversityPullman, WA-To Provide Scholarships for Students$17,888
Nova Southeastern University IncFort Lauderdale, FL-To Provide Scholarships for Students$17,810
Georgetown UniversityWashington, DC-To Provide Scholarships for Students$17,365
Drexel UniversityPhiladelphia, PA-To Provide Scholarships for Students$17,119
Hofstra UniversityHempstead, NY-To Provide Scholarships for Students$17,119
Pomona CollegeClaremont, CA-To Provide Scholarships for Students$16,308
Recinto Universitario De MayaguezMayaguez, PR-To Provide Scholarships for Students$16,037
Southern Methodist UniversityDallas, TX-To Provide Scholarships for Students$15,824
Montana State UniversityBozeman, MT-To Provide Scholarships for Students$15,780
North Dakota State UniversityFargo, ND-To Provide Scholarships for Students$15,212
Texas a & M International UniversityLaredo, TX-To Provide Scholarships for Students$15,207
California Institute of TechnologyPasadena, CA-To Provide Scholarships for Students$15,132
Tulane UniversityNew Orleans, LA-To Provide Scholarships for Students$14,918
Arizona State UniversityTempe, AZ-To Provide Scholarships for Students$14,641
Swarthmore CollegeSwarthmore, PA-To Provide Scholarships for Students$14,000
California Polytechnic State UniversitySan Luis Obispo, CA-To Provide Scholarships for Students$13,672
University of PittsburgPittsburgh, PA-To Provide Scholarships for Students$12,338
University of OregonEugene, OR-To Provide Scholarships for Students$11,948
Regents of New Mexico State UniversityLas Cruces, NM-To Provide Scholarships for Students$11,709
The University of North Carolina at PembrokePembroke, NC-To Provide Scholarships for Students$11,199
The University of North Carolina at WilmingtonWilmington, NC-To Provide Scholarships for Students$11,176
The Board of Trustees of the University of IllinoisUrbana, IL-To Provide Scholarships for Students$10,970
Colorado CollegeColorado Springs, CO-To Provide Scholarships for Students$10,680
Xavier University of LouisianaNew Orleans, LA-To Provide Scholarships for Students$10,585
Tufts UniversitySomerville, MA-To Provide Scholarships for Students$10,300
Harvey Mudd CollegeClaremont, CA-To Provide Scholarships for Students$10,186
University of California Santa CruzSanta Cruz, CA-To Provide Scholarships for Students$9,802
Virginia Polytechnic Institute and State UniversityBlacksburg, VA-To Provide Scholarships for Students$9,028
Washington UniversitySt Louis, MO-To Provide Scholarships for Students$8,289
Southwestern UniversityGeorgetown, TX-To Provide Scholarships for Students$8,154
The University of Central Florida Board of TrusteesOrlando, FL-To Provide Scholarships for Students$7,949
Louisiana State UniversityBaton Rouge, LA-To Provide Scholarships for Students$7,656
Brigham Young UniversityProvo, UT-To Provide Scholarships for Students$7,263
State University of New YorkStony Brook, NY-To Provide Scholarships for Students$6,527
Utah Valley UniversityOrem, UT-To Provide Scholarships for Students$6,415
President and Fellows of Middlebury CollegeMiddlebury, VT-To Provide Scholarships for Students$6,130
Bucknell UniversityLewisburg, PA-To Provide Scholarships for Students$5,883
University of HoustonHouston, TX-To Provide Scholarships for Students$5,211
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$77,712
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Alumni Hall of Fame$75,000-$7,026-
Lea$25,000-$70,686-
Total Events$100,000-$77,712$-77,712
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Contributions Liability$21,729,523
Capital Lease Obligations$402,320
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A complete copy of the form 990 was forwarded to the svp,finance & accounting. The ceo made the form 990 available for the governing board at its most recent meeting, prior to filing.”

Form 990, Part VI, Section B, Line 12C

“All contracts are reviewed by outside counsel and internally to determine whether there are conflicts prior to signing by the ceo.”

Form 990, Part VI, Section B, Line 15

“The organization purchased a salary survey to benchmark compensation against similar organizations. The board approved the operating budget which included salaries for all officers, directors and key employees.”

Form 990, Part VI, Section C, Line 19

“The financial statements are made available upon request and can also be found on our website. The conflict of interest policy, form 990 and the governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Hispanic Scholarship Fund
EIN
52-1051044
Phone
3105799216
Address
1411 WEST 190TH STREET NO 700, GARDENA, CA 90248

Signing Officer

Name
Fidel a Vargas
Title
CEO
Phone
3105799216
Signed
2021-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fidel a Vargas
Formed
1975
Legal Domicile
Dc
Voting Board Members
16
Independent Board Members
16
Employees
57
Volunteers
907

Preparer

Firm
Jlk Rosenberger Llp
Address
801 N BRAND BLVD SUITE 550, GLENDALE, CA 91203
Preparer
Robert Gabon
Phone
8183348623
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adjustment for fasb asc 958-605 -21,729,523.”

Form 990, Part XII, Line 2C

“The board of directors selects the independent auditor and reviews the audit report.”

Financial Statement Notes

PART X, LINE 2:

“The fund and institute are a tax-exempt organization under the internal revenue code, section 501(c)(3). The fund follows the guidance on accounting for uncertainty in income taxes issued by fasb asc topic 740. As of march 31,2021, management evaluated the fund's tax positions and concluded that the fund had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the consolidated financial statements. Therefore, no provision or liability for income taxes has been included in the consolidated financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment fee expense -151,612.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Adjustment for fasb asc 958-605 21,729,523.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment fee expense 151,612.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt15CHAIR,TECHNOLOGY/BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt25VP, SCHOLARSHIP ADMINISTRATION & PROCESSING
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP, SOLUTIONS ARCHITECTURE
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IRS990/MissionDesc0THROUGH SCHOLARSHIPS AND STUDENT/FAMILY SERVICES, THE HISPANIC SCHOLARSHIP FUND AIMS TO PROVIDE STUDENTS ALL THE TOOLS THEY NEED TO GET A COLLEGE DEGREE AND SUCCEED IN LIFE. OVER $650 MILLION HAS BEEN AWARDED TO DATE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt079716325
IRS990/NetAssetsOrFundBalancesEOYAmt0117672984
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt06211377
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06211377
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-77712
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-77712
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01339232
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01390926
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt059730336
IRS990/NoncashContributionsAmt037607
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt069
IRS990/OccupancyGrp/ManagementAndGeneralAmt0537510

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$141,362,053
Liabilities
$23,689,069
Net assets
$117,672,984
Revenue
$86,613,000
Expenses
$36,529,664
Net income
$50,083,336
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$123$25.8$96.7$54.5$70.1$15.5
2024Detailed filing. Detailed filing data is available for this year.$136$24.5$111$45.5$59.4$13.9
2023Detailed filing. Detailed filing data is available for this year.$149$26.6$122$40.1$48.3$8.25
2022Detailed filing. Detailed filing data is available for this year.$153$22.4$130$60.0$47.4$12.7
2021Detailed filing. Detailed filing data is available for this year.$141$23.7$118$86.6$36.5$50.1
2020Detailed filing. Detailed filing data is available for this year.$81.3$1.56$79.7$55.3$45.1$10.1
2019Detailed filing. Detailed filing data is available for this year.$76.4$4.96$71.4$76.6$46.5$30.1
2018Detailed filing. Detailed filing data is available for this year.$42.5$1.45$41.1$52.5$44.3$8.17
2017Detailed filing. Detailed filing data is available for this year.$33.4$1.71$31.7$47.8$48.5$0.70
2016Detailed filing. Detailed filing data is available for this year.$32.7$1.33$31.3$44.8$46.7$1.91
2015Detailed filing. Detailed filing data is available for this year.$35.3$1.45$33.9$42.4$44.9$2.50
2014Summary only. Only limited summary data is available for this year.$37.1$1.41$35.7$43.7$44.3$0.57
2013Summary only. Only limited summary data is available for this year.$36.7$1.16$35.5$41.2$46.1$4.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$2.21$40.3$42.4
2011Summary only. Only limited summary data is available for this year.$30.7$0.62$30.1$39.9$39.9$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$0.89$29.3$37.5