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Nonprofiteer
← HISPANIC SCHOLARSHIP FUND

Form 990 for tax year 2022

Filed by HISPANIC SCHOLARSHIP FUND.

Totals

Total revenue
$40,093,684
Total expenses
$48,338,730
Contributions and grants received
$39,686,049
Grants paid
$22,315,321
Program service revenue
$0
Investment income
$289,704
Other revenue
$117,931
Total assets, end of year
$148,596,443
Total liabilities, end of year
$26,630,404
Net assets or fund balances, end of year
$121,966,039
Program services expenses (Part IX)
$44,130,981
Management and general expenses
$3,621,683
Fundraising expenses
$586,066
Program service expenses (Part III)
$44,130,981

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $39,686,049

  • 1g · Noncash contributions included above

    $98,579

  • 3 · Investment income

    total $3,134,472 · excluded $3,134,472

  • 7a · Gross sales of assets other than inventory

    securities $44,812,322

  • 7b · Less cost or other basis and sales expenses

    securities $47,657,090

  • 7c · Gain or loss

    securities -$2,844,768

  • 7d · Net gain or loss

    total -$2,844,768 · related or exempt -$2,844,768

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $117,931 · related or exempt $117,931

  • 11e · Other revenue, total

    $117,931

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,614,043 · program services $8,614,043

  • 2 · Grants to domestic individuals

    total $13,701,278 · program services $13,701,278

  • 5 · Compensation of officers, directors and key employees

    total $1,283,909 · program services $873,059 · management and general $304,286 · fundraising $106,564

  • 7 · Other salaries and wages

    total $6,681,711 · program services $4,570,953 · management and general $1,587,180 · fundraising $523,578

  • 8 · Pension plan contributions

    total $224,617 · program services $150,002 · management and general $60,060 · fundraising $14,555

  • 9 · Other employee benefits

    total $1,185,698 · program services $791,793 · management and general $317,021 · fundraising $76,884

  • 10 · Payroll taxes

    total $587,250 · program services $400,524 · management and general $144,555 · fundraising $42,171

  • 11a · Fees: management

    total $563,811 · program services $368,466 · management and general $188,143 · fundraising $7,202

  • 11b · Fees: legal

    total $11,392 · management and general $11,392

  • 11c · Fees: accounting

    total $51,820 · program services $33,868 · management and general $17,292 · fundraising $660

  • 11f · Fees: investment management

    total $229,065 · management and general $229,065

  • 11g · Fees: other

    total $1,049,600 · program services $750,523 · management and general $288,806 · fundraising $10,271

  • 12 · Advertising and promotion

    total $4,494,109 · program services $4,139,097 · management and general $242,620 · fundraising $112,392

  • 13 · Office expenses

    total $1,420,495 · program services $846,729 · management and general $548,886 · fundraising $24,880

  • 14 · Information technology

    total $987,884 · program services $645,582 · management and general $329,657 · fundraising $12,645

  • 16 · Occupancy

    total $681,098 · program services $56,783 · management and general $624,315

  • 17 · Travel

    total $2,793,313 · program services $2,527,174 · management and general $193,293 · fundraising $72,846

  • 22 · Depreciation, depletion and amortization

    total $3,633,414 · program services $3,491,359 · management and general $142,055

  • 23 · Insurance

    total $122,624 · program services $16,104 · management and general $106,520

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $21,599 · program services $5,269 · management and general $13,678 · fundraising $2,652

  • 24b · Other expenses: OVERHEAD ALLOCATION

    total $0 · program services $2,148,375 · management and general -$1,727,141 · fundraising -$421,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,741,506 · end of year $27,320,293

  • 2 · Savings and temporary cash investments

    end of year $7,616,657

  • 3 · Pledges and grants receivable

    beginning of year $9,312,772 · end of year $9,597,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,493,646 · end of year $1,798,107

  • 10a · Land, buildings and equipment: cost or other basis

    $24,602,085

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,069,571

  • 10c · Land, buildings and equipment, net

    beginning of year $15,137,914 · end of year $16,532,514

  • 11 · Investments: publicly traded securities

    beginning of year $98,689,612 · end of year $84,218,457

  • 12 · Investments: other securities

    beginning of year $244,235 · end of year $346,649

  • 15 · Other assets

    beginning of year $0 · end of year $1,166,133

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,778,600 · end of year $1,507,297

  • 18 · Grants payable

    beginning of year $392,516 · end of year $748,348

  • 25 · Other liabilities

    beginning of year $20,246,398 · end of year $24,374,759

  • 27 · Net assets without donor restrictions

    beginning of year $76,058,333 · end of year $75,091,503

  • 28 · Net assets with donor restrictions

    beginning of year $54,143,838 · end of year $46,874,536

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $17,652,392

  • SCHOLARSHIPS - HSF ADMINISTERS SCHOLARSHIPS FUNDED BY DONATIONS FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS.

    Expenses $26,478,589 · Grants $22,315,321

As filed on the 2022 return.

Listed in Part VII

  • Fidel A Vargas

    PRESIDENT & CHIEF EXECUTIVE OFFICER

    Total calculated
    $826,718
    From this org
    $811,384
    From related orgs
    $0
    Other
    $15,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $672,922
    Bonus
    $0
    Other
    $138,462
    Deferred
    $0
    Nontaxable benefits
    $15,334
    Filer's total
    $826,718

  • Gene Camarena

    CHAIR, AUDIT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Oliver-Farrow

    VICE CHAIR/CHAIR HUMAN RESOURCES

    Total calculated
    $0
    Hours/week
    1

  • Maria Elena Salinas

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Salcido

    TREASURER/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel J Acosta Jr

    CHAIR DEVELOPMENT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Bell-Rose

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael J Bender

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Walter Dolhare

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andres Espinosa

    BOARD MEMBER/MARKETING COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Rita Fierro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phillip Hyun

    CHAIR,TECHNOLOGY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James McNamara

    CHAIR, NOMINATIONS & GOVERNANCE

    Total calculated
    $0
    Hours/week
    1

  • Angel L Morales

    CHAIR FINANCE & INVESTMENT

    Total calculated
    $0
    Hours/week
    1

  • Ida Nieto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bea Perez

    BOARD MEMBER/DEVELOPMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Peggy Turner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cesar Vargas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Hite

    CHIEF OPERATING OFFICER

    Total calculated
    $510,849
    From this org
    $463,380
    From related orgs
    $0
    Other
    $47,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,707
    Bonus
    $0
    Other
    $70,673
    Deferred
    $0
    Nontaxable benefits
    $47,469
    Filer's total
    $510,849

  • Tammy Schlegel

    CHIEF INFORMATION OFFICER

    Total calculated
    $335,621
    From this org
    $321,906
    From related orgs
    $0
    Other
    $13,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,072
    Bonus
    $0
    Other
    $36,834
    Deferred
    $0
    Nontaxable benefits
    $13,715
    Filer's total
    $335,621

  • Araceli Ruano

    CHIEF ADMINISTRATIVE OFFICER AND GC

    Total calculated
    $335,436
    From this org
    $308,461
    From related orgs
    $0
    Other
    $26,975
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,519
    Bonus
    $0
    Other
    $38,942
    Deferred
    $0
    Nontaxable benefits
    $26,975
    Filer's total
    $335,436

  • Victoria Hardy

    CHIEF FINANCIAL OFFICER

    Total calculated
    $326,243
    From this org
    $287,230
    From related orgs
    $0
    Other
    $39,013
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,455
    Bonus
    $0
    Other
    $34,775
    Deferred
    $0
    Nontaxable benefits
    $39,013
    Filer's total
    $326,243

  • Ruth Castillo

    EXECUTIVE V.P., CAREER SERVICES

    Total calculated
    $257,875
    From this org
    $219,382
    From related orgs
    $0
    Other
    $38,493
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,207
    Bonus
    $0
    Other
    $19,175
    Deferred
    $0
    Nontaxable benefits
    $38,493
    Filer's total
    $257,875

  • Daniel Edeza

    EXECUTIVE V.P., SCHOLARSHIPS

    Total calculated
    $248,169
    From this org
    $230,496
    From related orgs
    $0
    Other
    $17,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,207
    Bonus
    $0
    Other
    $30,289
    Deferred
    $0
    Nontaxable benefits
    $17,673
    Filer's total
    $248,169

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HISPANIC SCHOLARSHIP FUND INSTITUTE

    501 (C) (3) · TO ENGAGE THE PUBLIC SECTOR IN SUPPORT OF LATINO HIGHER EDUCATION · DC · controlled entity

    Directly controlled by HISPANIC SCHOLARSHIP FUND

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HSFT LLC

    NO ACTIVITY TO DATE · DE

    Directly controlled by HISPANIC SCHOLARSHIP FUND

Provenance

Return type
form_990
Tax year
2022
Filed
9 August 2023
IRS schema version
2022v5.0
Source object
202302269349301730

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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