Form 990 for tax year 2023

What the amendment changed

Compared with the latest return for 2023 , filed 2 April 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$1,275,022 →changed to $2,146,969

Total expenses

$1,854,611 →changed to $2,806,161

Contributions and grants received

$1,191,126 →changed to $2,380,659

Grants paid

$600,465 →changed to $805,373

Program service revenue

$19,646 →changed to $25,806

Investment income

$66,915 →changed to $64,516

Other revenue

-$2,665 →changed to -$324,012

Total assets, end of year

$4,856,943 →changed to $4,521,462

Total liabilities, end of year

$391,505 →changed to $326,797

Net assets or fund balances, end of year

$4,465,438 →changed to $4,194,665

Program services expenses

$1,617,125 →changed to $2,138,411

Management and general expenses

$113,853 →changed to $355,611

Fundraising expenses

$123,633 →changed to $312,139

Program service expenses (Part III)

$1,617,125 →changed to $2,138,411

Totals

Total revenue

$1,275,022

Total expenses

$1,854,611

Contributions and grants received

$1,191,126

Grants paid

$600,465

Program service revenue

$19,646

Investment income

$66,915

Other revenue

-$2,665

Total assets, end of year

$4,856,943

Total liabilities, end of year

$391,505

Net assets or fund balances, end of year

$4,465,438

Program services expenses (Part IX)

$1,617,125

Management and general expenses

$113,853

Fundraising expenses

$123,633

Program service expenses (Part III)

$1,617,125

Program services were 87.2% 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.

Mission and programs · 2023

• PROGRAM 1: HISPANIC FOUNDATION COLLEGE SUCCESS CENTERTHE HFCSP'S PRIMARY OBJECTIVES ARE TO CONTRIBUTE TO HIGHER HIGH SCHOOL GRADUATION RATES; IMPROVE COLLEGE READINESS, INCREASE STUDENT AND PARENT KNOWLEDGE ABOUT THE COLLEGE JOURNEY, GROWING NUMBERS OF STUDENTS ATTENDING COLLEGE; INCREASE COLLEGE GRADUATION RATES, AND INCREASE THE NUMBER OF LATINOS EMPLOYED IN THE HIGH TECH INDUSTRY.THE HISPANIC FOUNDATION COLLEGE SUCCESS CENTER (HFCSC), A HUB DESIGNED FOR LATINO YOUTHS AND PARENTS TO INCREASE EDUCATIONAL OPPORTUNITIES WAS OPENED (THE FIRST OF ITS KIND IN THE REGION). A ONE-STOP HUB THAT ENCAPSULATES OUR "CRADLE TO CAREER" COURSE OF ACTION EMPOWERING MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS AND THEIR PARENTS TO EXCEL THROUGH EDUCATION EFFORTS. HFSC HELPS BOTH STUDENTS AND PARENTS OBTAIN INFORMATION ON COLLEGE ACCESS, ADVICE, GUIDANCE, WORKSHOPS, AND ONLINE RESOURCES."

  Expenses $496,741

• PROGRAM 2: LATINOS IN TECHONOLOGY SCHOLARSHIPTHE LATINOS IN TECHNOLOGY SCHOLARSHIP SUPPORTS LATINO COLLEGE STUDENTS IN 3 WAYS:FINANCIAL: WE FINANCIALLY SUPPORT THIRD AND FOURTH-YEAR LATINO STUDENTS WHO HAVE DECLARED A MAJOR IN A STEM-RELATED FIELD AT A 4-YEAR UNIVERSITY WITH SCHOLARSHIPS RENEWABLE FOR UP TO THREE YEARS.PROFESSIONAL DEVELOPMENT: ALL OF OUR LATINOS IN TECHNOLOGY SCHOLARS HAVE THE OPPORTUNITY TO PARTICIPATE IN OUR CAREER LAUNCH ACADEMY AND CONEXIONES MENTORSHIP PROGRAM TO DEVELOP THEMSELVES AS YOUNG PROFESSIONALS.INTERNSHIPS: WE ACTIVELY WORK TO PIPELINE OUR SCHOLARS INTO SUMMER INTERNSHIP PROGRAMS WITH OUR INVESTORS."

  Expenses $706,814 · Grants $600,465

• PROGRAM 3: LATINO BOARD LEADERSHIP ACADEMYCURRENTLY, FEWER THAN 3% OF LATINOS SERVE ON NONPROFIT BOARDS IN SILICON VALLEY. WE SEE THAT AS AN URGENT CALL TO ACTION. OUR LATINO BOARD LEADERSHIP ACADEMY RECRUITS, TRAINS, AND GUIDES LATINOS TO SERVE ON LOCAL BOARDSAN ESSENTIAL STEP TO ENSURING THAT INVALUABLE AND UNDERREPRESENTED VOICES ARE HEARD.LBLA IS A 10-WEEK HYBRID PROGRAM WHERE PARTICIPANTS WILL LEARN THE FOUNDATIONAL SKILLS NEEDED TO SUCCEED AS A NONPROFIT BOARD MEMBER.PARTICIPANTS WILL LEARN ABOUT VARIOUS NONPROFIT ORGANIZATIONS SEEKING TO DIVERSIFY AND ENHANCE THE REPRESENTATION OF THE COMMUNITY ON THEIR BOARD.PARTICPANTS WILL JOIN A NETWORK OF OVER 600 COMMITTED FELLOWS AND WILL HAVE THE OPPORTUNITY TO PARTICIPATE IN ALUMNI EVENTS.

  Expenses $111,602 · Revenue $19,646

• Expenses $301,968

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Grants on this return

• SVCF INSPIRE LLC

  $600,000

  EDUCATIONAL

Provenance

Return type

form_990

Tax year

2023

Filed

14 May 2024

IRS schema version

2023v5.0

Source object

202411369349310801

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