Civic Intelligence

Hispanic Scholarship Fund

990 • Fiscal year 2022 • EIN 52-1051044

Apr 01, 2021 to Mar 31, 2022 • Filed on Aug 15, 2022

Organization ProfileWWW.HSF.NET

View Organization Page

1411 West 190th Street 700Gardena, CA 90248

(310) 579-9216

Siviq Scores

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

Liabilities / Assets

34th percentile

0.15x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.37x

Higher debt load relative to revenue than 45% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$672,298

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

75th percentile

8.0%

Faster asset growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$152,619,685

Up $11,257,632 (+8.0%) from 2021

Net Assets

Up

$130,202,171

Up $12,529,187 (+11%) from 2021

Liabilities

Down

$22,417,514

Down $1,271,555 (-5.4%) from 2021

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin76th percentile

Revenue

Down

$60,036,131

Down $26,576,869 (-31%) from 2021

Expenses

Up

$47,365,483

Up $10,835,819 (+30%) from 2021

Net Income

Down

$12,670,648

Down $37,412,688 (-75%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2022

Assets$152,619,685
Liabilities$22,417,514
Net Assets$130,202,171
Open 2022 Filing

Operations Trend

Revenue Growth10th 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

2022

Revenue$60,036,131
Expenses$47,365,483
Net Income$12,670,648
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Aug 15, 2022
Return Version
2021v4.2
Gross Receipts
$103,482,431
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$88,322,591$98,689,612▲ $10,367,021
Cash and Non-Interest-Bearing Accounts$35,204,550$27,741,506▼ $7,463,044
Land, Buildings, and Equipment, Net$10,962,106$15,137,914▲ $4,175,808
Pledges and Grants Receivable$4,706,678$9,312,772▲ $4,606,094
Prepaid Expenses and Deferred Charges$1,526,589$1,493,646▼ $32,943
Investments Other Securities$639,539$244,235▼ $395,304
Total Assets$141,362,053$152,619,685▲ $11,257,632
Liabilities
Other Liabilities$22,131,843$20,246,398▼ $1,885,445
Accounts Payable and Accrued Expenses$1,144,144$1,778,600▲ $634,456
Grants Payable$413,082$392,516▼ $20,566
Total Liabilities$23,689,069$22,417,514▼ $1,271,555
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$59,730,336$76,058,333▲ $16,327,997
Net Assets With Donor Restrictions$57,942,648$54,143,838▼ $3,798,810
Total Net Assets Fund Balance$117,672,984$130,202,171▲ $12,529,187
Total Liabilities and Net Assets / Fund Balance$141,362,053$152,619,685▲ $11,257,632

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,606,258$3,615,398$18,221,656
Equipment$384,844$588,245$973,089
Leasehold Improvements$146,812$232,514$379,326

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$20,004,380$5,094,500▲ $108,985$868,330$24,339,535
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
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fidel a VargasPresident & Chief Executive OfficerFT$657,200$15,098$672,298
Julie HiteChief Operating OfficerFT$355,481$44,779$400,260
Araceli RuanoChief Administrative Officer and GcFT$240,750$25,322$266,072
Victoria HardyChief Financial Officer, Finance & AccountingFT$228,993$36,199$265,192
Victoria HardyChief Financial Officer, Finance & a-$228,993$36,199$265,192
Tammy SchlegelChief Information Officer, Information SercivesFT$215,316$10,900$226,216
Tammy SchlegelChief Information Officer, Informati-$215,316$10,900$226,216
Ruth CastilloExecutive V.p., Career Services & Alumni RelationsFT$181,295$40,104$221,399
Ruth CastilloExecutive V.p., Career Services & Al-$181,295$40,104$221,399
Daniel EdezaExecutive V.p., Scholarship ProgramsFT$181,295$17,372$198,667

Board Members and Trustees

NameTitle
Bea PerezBoard Member/chair Marketing Committee
Daniel J Acosta JrChair Development/board Me
Angel L MoralesChair Finance & Investment
Gene CamarenaChair, Audit/board Member
James McnamaraChair, Nominations & Gover
Phillip HyunChair,technology/board Mem
Elizabeth Oliver-farrowVice Chair/chair Human Res
Andres EspinosaBoard Member
Cesar VargasBoard Member
Ida NietoBoard Member
Michael J BenderBoard Member
Peggy TurnerBoard Member
Rita FierroBoard Member
Stephanie Bell-roseBoard Member
Walter DolhareBoard Member
Maria Elena SalinasSecretary/board Member
Anthony SalcidoTreasurer/board Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Mission Cloud Services INCWeb Hosting Fees & Support4470 W SUNSET BLVD STE 107 PMB 941, Los Angeles, CA 90027$737,797
Redstone La I LLCLease Expense1411 W 190TH STREET, Gardena, CA 90248$548,381
The Boston Consulting Group INCConsulting Project Mgmt515 S FLOWER STREET STE 5100, Los Angeles, CA 90071$400,000
Dell Marketing LPComputer EquipmentONE DELL WAY, Round Rock, TX 78682$237,076
Revenue and Support

Revenue Composition

Contributions and Grants
$54,773,359
Program Service Revenue
$0
Investment Income
$5,313,787
Other Revenue
$-51,015
All Other Contributions
$54,723,359
Change in Net Assets
$12,670,648

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$55,510Fair Market Value (FMV)
Total Noncash Contributions1$55,510-

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,477,577
Revenue Not Reported on Financial Statements
$-441,446
Revenue Not Reported on Form 990
$2,472,908
Other Revenue Adjustments
$-441,446
Total Revenue per Audited Statements
$62,950,485
Total Revenue per Form 990
$60,036,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$33,127,967
Salaries, Compensation, and Employee Benefits$8,529,212
Other Expenses$5,708,304
Total Fundraising Expense$398,998
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$24,137,431--$24,137,431
Grants to Domestic Orgs$8,990,536--$8,990,536
Other Salaries and Wages$4,319,548$983,436$457,193$5,760,177
Office Expenses$638,917$467,586$24,610$1,131,113
Current Officers, Directors, Trustees, and Key Employees$820,108$185,603$73,378$1,079,089
Depreciation Depletion$875,248$161,230-$1,036,478
Other Employee Benefits$742,155$238,607$45,732$1,026,494
Fees for Services Other$463,673$247,853$21,640$733,166
Information Technology$365,088$309,981$13,777$688,846
Occupancy$128,063$535,463$410$663,936
Payroll Taxes$350,363$84,847$33,919$469,129
Advertising$310,739$73,021$57,860$441,620
Fees for Service Investment Mgmnt Fees-$271,572-$271,572
Fees for Services Management$144,585$79,637$5,279$229,501
Pension Plan Contributions$140,738$40,909$12,676$194,323
Travel$91,193$22,181$67,985$181,359
Insurance$22,915$80,510-$103,425
Fees for Services Accounting$32,666$17,992$1,192$51,850
Fees for Services Legal$7,240$14,420-$21,660
Other Expenses$1,982,136$-1,559,546$-422,590$0
Total Functional Expenses$44,563,717$2,402,768$398,998$47,365,483

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$50,421,299
Total Expenses per Form 990$47,365,483
Expenses per Audited Statements$47,093,911
Expenses Not Reported on Form 990$3,327,388
Expenses Not Reported on Financial Statements$271,572
Other Expense Adjustments$271,572
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Board of Trustees of the Leland Stanford UniversityPalo Alto, CA-To Provide Scholarships for Students$1,015,601
The Trustees of Columbia University in the City of New YorkNew York, NY-To Provide Scholarships for Students$698,643
President and Fellows of Harvard CollegeCambridge, MA-To Provide Scholarships for Students$523,116
Yale UniversityNew Haven, CT-To Provide Scholarships for Students$424,945
University of Southern CaliforniaLos Angeles, CA-To Provide Scholarships for Students$300,591
The Regents of the University of California Los AngelesLos Angeles, CA-To Provide Scholarships for Students$247,451
The University of Texas at AustinAustin, TX-To Provide Scholarships for Students$244,434
New York UniversityNew York, NY-To Provide Scholarships for Students$240,394
Duke UniversityDurham, NC-To Provide Scholarships for Students$215,567
Georgia Institute of TechnologyAtlanta, GA-To Provide Scholarships for Students$214,469
Northwestern UniversityEvanston, IL-To Provide Scholarships for Students$204,140
University of ChicagoChicago, IL-To Provide Scholarships for Students$175,222
Brown UniversityProvidence, RI-To Provide Scholarships for Students$167,687
The Trustees of Princeton UniversityPrinceton, NJ-To Provide Scholarships for Students$166,518
University of OklahomaNorman, OK-To Provide Scholarships for Students$164,118
University of PennsylvaniaPhiladelphia, PA-To Provide Scholarships for Students$161,999
Regents of the University of CaliforniaBerkeley, CA-To Provide Scholarships for Students$146,476
Trustees of Boston UniversityBoston, MA-To Provide Scholarships for Students$129,371
The Trustees of Davidson CollegeDavidson, NC-To Provide Scholarships for Students$123,456
Cornell UniversityIthaca, NY-To Provide Scholarships for Students$121,191
Massachusetts Institute of TechnologyCambridge, MA-To Provide Scholarships for Students$98,745
Howard UniversityWashington, DC-To Provide Scholarships for Students$98,513
John Hopkins UniversityBaltimore, MD-To Provide Scholarships for Students$98,318
University of Michigan - Ann ArborAnn Arbor, MI-To Provide Scholarships for Students$97,347
Emerson CollegeBoston, MA-To Provide Scholarships for Students$84,825
Pace UniversityNew York, NY-To Provide Scholarships for Students$83,307
Vanderbilt UniversityNashville, TN-To Provide Scholarships for Students$82,838
University of GeorgiaAthens, GA-To Provide Scholarships for Students$80,286
Harvard University Students AccountsCambridge, MA-To Provide Scholarships for Students$76,742
Fordham UniversityBronx, NY-To Provide Scholarships for Students$75,319
Drexel UniversityPhiladelphia, PA-To Provide Scholarships for Students$67,954
Carnegie Mellon UniversityPittsburgh, PA-To Provide Scholarships for Students$67,544
Emory UniversityAtlanta, GA-To Provide Scholarships for Students$65,585
Baylor UniversityWaco, TX-To Provide Scholarships for Students$62,233
University of California IrvineIrvine, CA-To Provide Scholarships for Students$61,957
University of FloridaGainesville, FL-To Provide Scholarships for Students$60,914
Trustees of Dartmouth CollegeHanover, NH-To Provide Scholarships for Students$57,152
University of Colorado BoulderDenver, CO-To Provide Scholarships for Students$56,133
University of WashingtonSeattle, WA-To Provide Scholarships for Students$53,338
Kansas State UniversityManhattan, KS-To Provide Scholarships for Students$51,075
University of TulsaTulsa, OK-To Provide Scholarships for Students$47,501
The American Musical and Dramatic AcademyNew York, NY-To Provide Scholarships for Students$44,895
Georgetown UniversityWashington, DC-To Provide Scholarships for Students$43,718
The University of ArizonaTucson, AZ-To Provide Scholarships for Students$43,695
Pomona CollegeClaremont, CA-To Provide Scholarships for Students$43,662
Creighton UniversityOmaha, NE-To Provide Scholarships for Students$43,349
The Savannah College of Art and Design IncSavannah, GA-To Provide Scholarships for Students$41,713
William Marsh Rice UniversityHouston, TX-To Provide Scholarships for Students$40,843
The George Washington UniversityAshburn, VA-To Provide Scholarships for Students$39,994
Morehouse CollegeAtlanta, GA-To Provide Scholarships for Students$39,277
University of MiamiCoral Gables, FL-To Provide Scholarships for Students$39,205
The University of Central Florida Board of TrusteesOrlando, FL-To Provide Scholarships for Students$38,666
Case Western Reserve UniversityCleveland, OH-To Provide Scholarships for Students$38,230
The Rector and Visitors of the University of VirginiaCharlottesville, VA-To Provide Scholarships for Students$35,644
Regents of the University of MinnesotaMinneapolis, MN-To Provide Scholarships for Students$35,272
University of Notre Dame Du LacNotre Dame, IN-To Provide Scholarships for Students$34,900
Harvey Mudd CollegeClaremont, CA-To Provide Scholarships for Students$34,497
State of West VirginiaMorgantown, WV-To Provide Scholarships for Students$34,195
Northeastern UniversityBoston, MA-To Provide Scholarships for Students$33,397
Loyola University of ChicagoChicago, IL-To Provide Scholarships for Students$33,326
Board of Trustees of Michigan State UniversityEast Lansing, MI-To Provide Scholarships for Students$32,996
Clemson UniversityClemson, SC-To Provide Scholarships for Students$32,412
Arizona State UniversityTempe, AZ-To Provide Scholarships for Students$29,444
Oklahoma State UniversityStillwater, OK-To Provide Scholarships for Students$29,324
Capital UniversityColumbus, OH-To Provide Scholarships for Students$27,648
The Ohio State UniversityColumbus, OH-To Provide Scholarships for Students$27,488
Pepperdine UniversityMalibu, CA-To Provide Scholarships for Students$26,739
Hofstra UniversityHempstead, NY-To Provide Scholarships for Students$26,391
Montana State UniversityBozeman, MT-To Provide Scholarships for Students$25,329
Regents of New Mexico State UniversityLas Cruces, NM-To Provide Scholarships for Students$25,280
University of PortlandPortland, OR-To Provide Scholarships for Students$25,056
Dilliard UniversityNew Orleans, LA-To Provide Scholarships for Students$23,674
California Institute of TechnologyPasadena, CA-To Provide Scholarships for Students$23,358
University of OregonEugene, OR-To Provide Scholarships for Students$22,809
Southern Methodist UniversityDallas, TX-To Provide Scholarships for Students$22,669
Texas a & M UniversityCollege Station, TX-To Provide Scholarships for Students$22,013
Claremont Mckenna CollegeClaremont, CA-To Provide Scholarships for Students$20,799
University of the PacificStockton, CA-To Provide Scholarships for Students$19,911
Washington UniversitySt Louis, MO-To Provide Scholarships for Students$19,272
Wheaton CollegeWheaton, IL-To Provide Scholarships for Students$18,924
Freed-hardeman UniversityHenderson, TN-To Provide Scholarships for Students$18,841
Northern Arizona UniversityFlagstaff, AZ-To Provide Scholarships for Students$18,226
Colorado School of MinesGolden, CO-To Provide Scholarships for Students$18,088
The Corporation of Mercer UniversityMacon, GA-To Provide Scholarships for Students$18,057
Washington State UniversityPullman, WA-To Provide Scholarships for Students$17,023
Rochester Institute of TechnologyRochester, NY-To Provide Scholarships for Students$16,734
Alabama Agricultural and Mechanical UniversityNormal, AL-To Provide Scholarships for Students$16,501
Swarthmore CollegeSwarthmore, PA-To Provide Scholarships for Students$15,461
Stevens Institute of TechnologyHoboken, NJ-To Provide Scholarships for Students$15,372
California Polytechnic State UniversitySan Luis Obispo, CA-To Provide Scholarships for Students$15,371
Tulane UniversityNew Orleans, LA-To Provide Scholarships for Students$14,906
Ohio UniversityAthens, OH-To Provide Scholarships for Students$14,336
The University of Texas Rio Grande ValleyEdinburg, TX-To Provide Scholarships for Students$13,467
Tennessee State UniversityNashville, TN-To Provide Scholarships for Students$13,164
The University of North Carolina at PembrokePembroke, NC-To Provide Scholarships for Students$12,914
State University of New YorkStony Brook, NY-To Provide Scholarships for Students$12,556
Board of Regents of the University of NebraskaOmaha, NE-To Provide Scholarships for Students$12,365
Northeastern State UniversityTahlequah, OK-To Provide Scholarships for Students$12,217
University of California Santa CruzSanta Cruz, CA-To Provide Scholarships for Students$11,972
Santa Clara UniversitySanta Clara, CA-To Provide Scholarships for Students$11,735
Colorado CollegeColorado Springs, CO-To Provide Scholarships for Students$11,695
Centre College of KentuckyDanville, KY-To Provide Scholarships for Students$11,469
University of PittsburgPittsburgh, PA-To Provide Scholarships for Students$11,367
The University of North Carolina at WilmingtonWilmington, NC-To Provide Scholarships for Students$11,301
The University of AlabamaTuscaloosa, AL-To Provide Scholarships for Students$11,235
University of Arkansas Fayetteville CampusFayetteville, AR-To Provide Scholarships for Students$10,919
Nc A&t State UniversityGreensboro, NC-To Provide Scholarships for Students$10,725
University of California San DiegoLa Jolla, CA-To Provide Scholarships for Students$10,212
Tufts UniversitySomerville, MA-To Provide Scholarships for Students$10,173
American UniversityWashington, DC-To Provide Scholarships for Students$10,159
Xavier University of LouisianaNew Orleans, LA-To Provide Scholarships for Students$9,818
Southwestern UniversityGeorgetown, TX-To Provide Scholarships for Students$9,392
Brigham Young UniversityProvo, UT-To Provide Scholarships for Students$9,151
Recinto Universitario De MayaguezMayaguez, PR-To Provide Scholarships for Students$8,972
Black Hills State UniversitySpearfish, SD-To Provide Scholarships for Students$8,302
Oglala Lakota CollegeKyle, SD-To Provide Scholarships for Students$8,255
The University of North Carolina at Chapel HillChapel Hill, NC-To Provide Scholarships for Students$7,901
Wellesley CollegeWellesley, MA-To Provide Scholarships for Students$7,822
University of RochesterRochester, NY-To Provide Scholarships for Students$7,691
Virginia Polytechnic Institute and State UniversityBlacksburg, VA-To Provide Scholarships for Students$7,405
Lamar UniversityBeaumont, TX-To Provide Scholarships for Students$7,336
Purdue UniversityWest Lafayette, IN-To Provide Scholarships for Students$7,269
Utah Valley UniversityOrem, UT-To Provide Scholarships for Students$7,105
President and Trustees of Williams CollegeWilliamstown, MA-To Provide Scholarships for Students$6,872
The University of TennesseeKnoxville, TN-To Provide Scholarships for Students$5,273
Florida International UniversityMiami, FL-To Provide Scholarships for Students$5,237
University of HoustonHouston, TX-To Provide Scholarships for Students$5,145
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$51,240
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Alumni Hall of Fame$50,000-$51,240-
Total Events$50,000-$51,240$-51,240
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$19,911,623
Capital Lease Obligations$334,775
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 chief financial officer. The ceo made the form 990 available for the governing board electronically 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.”

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 and 990's are made available upon request and can also be found on our website. The conflict of interest policy 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 700, GARDENA, CA 90248

Signing Officer

Name
Fidel a Vargas
Title
CEO
Phone
3105799216
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fidel a Vargas
Formed
1975
Legal Domicile
Dc
Voting Board Members
18
Independent Board Members
18
Employees
63
Volunteers
821

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:

“ROUNDING ADJUSTMENT 1.”

Form 990, Part XII, Line 2C

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

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment fee expense -271,572.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on disposition of assets -441,446.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposition of assets 441,446.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment fee expense 271,572.”

Raw XML AppendixShowing 400 of 2,040 raw XML fields

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/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03186018
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-51240
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-51240
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5192248
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt059730336
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt076058333
IRS990/NoncashContributionsAmt055510
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0410
IRS990/OccupancyGrp/ManagementAndGeneralAmt0535463
IRS990/OccupancyGrp/ProgramServicesAmt0128063
IRS990/OccupancyGrp/TotalAmt0663936
IRS990/OfficeExpensesGrp/FundraisingAmt024610
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0467586
IRS990/OfficeExpensesGrp/ProgramServicesAmt0638917
IRS990/OfficeExpensesGrp/TotalAmt01131113
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt045732
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0238607
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0742155
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01026494
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1OVERHEAD ALLOCATION
IRS990/OtherExpensesGrp/FundraisingAmt05937
IRS990/OtherExpensesGrp/FundraisingAmt1-422590
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0147466
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1-1559546
IRS990/OtherExpensesGrp/ProgramServicesAmt0375
IRS990/OtherExpensesGrp/ProgramServicesAmt11982136
IRS990/OtherExpensesGrp/TotalAmt0153778
IRS990/OtherExpensesGrp/TotalAmt10

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$152,619,685
Liabilities
$22,417,514
Net assets
$130,202,171
Revenue
$60,036,131
Expenses
$47,365,483
Net income
$12,670,648
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