Skip to content
Nonprofiteer
← HISPANIC SCHOLARSHIP FUND

Form 990 for tax year 2024

Filed by HISPANIC SCHOLARSHIP FUND.

Totals

Total revenue
$54,519,036
Total expenses
$70,065,709
Contributions and grants received
$50,805,744
Grants paid
$32,453,331
Program service revenue
$0
Investment income
$3,706,144
Other revenue
$7,148
Total assets, end of year
$122,551,867
Total liabilities, end of year
$25,841,629
Net assets or fund balances, end of year
$96,710,238
Program services expenses (Part IX)
$65,321,171
Management and general expenses
$4,014,700
Fundraising expenses
$729,838
Program service expenses (Part III)
$65,321,171

Program services were 93.2% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50,805,744

  • 1g · Noncash contributions included above

    $339,373

  • 3 · Investment income

    total $3,218,014 · excluded $3,218,014

  • 7a · Gross sales of assets other than inventory

    securities $36,200,926

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

    securities $35,712,796

  • 7c · Gain or loss

    securities $488,130

  • 7d · Net gain or loss

    total $488,130 · related or exempt $488,130

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $7,148 · related or exempt $7,148

  • 11e · Other revenue, total

    $7,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,314,149 · program services $22,314,149

  • 2 · Grants to domestic individuals

    total $10,139,182 · program services $10,139,182

  • 5 · Compensation of officers, directors and key employees

    total $1,208,847 · program services $901,627 · management and general $188,553 · fundraising $118,667

  • 7 · Other salaries and wages

    total $9,137,533 · program services $6,815,297 · management and general $1,425,249 · fundraising $896,987

  • 8 · Pension plan contributions

    total $356,589 · program services $275,647 · management and general $53,016 · fundraising $27,926

  • 9 · Other employee benefits

    total $1,666,840 · program services $1,288,484 · management and general $247,816 · fundraising $130,540

  • 10 · Payroll taxes

    total $715,444 · program services $541,498 · management and general $109,627 · fundraising $64,319

  • 11a · Fees: management

    total $1,828,666 · program services $1,170,401 · management and general $592,500 · fundraising $65,765

  • 11b · Fees: legal

    total $28,040 · fundraising $28,040

  • 11c · Fees: accounting

    total $54,500 · program services $34,882 · management and general $17,658 · fundraising $1,960

  • 11f · Fees: investment management

    total $178,043 · management and general $178,043

  • 11g · Fees: other

    total $1,935,428 · program services $1,260,773 · management and general $613,547 · fundraising $61,108

  • 12 · Advertising and promotion

    total $6,930,473 · program services $6,336,700 · management and general $593,773

  • 13 · Office expenses

    total $1,752,869 · program services $998,584 · management and general $722,999 · fundraising $31,286

  • 14 · Information technology

    total $1,265,979 · program services $732,129 · management and general $525,523 · fundraising $8,327

  • 16 · Occupancy

    total $733,340 · program services $36,225 · management and general $697,115

  • 17 · Travel

    total $3,645,166 · program services $3,303,658 · management and general $337,160 · fundraising $4,348

  • 22 · Depreciation, depletion and amortization

    total $5,988,414 · program services $5,778,303 · management and general $210,111

  • 23 · Insurance

    total $150,915 · program services $6,585 · management and general $144,330

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $35,292 · program services $1,196 · management and general $25,045 · fundraising $9,051

  • 24b · Other expenses: OVERHEAD ALLOCATION

    total $0 · program services $3,385,851 · management and general -$2,667,365 · fundraising -$718,486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,312,966 · end of year $24,960,235

  • 3 · Pledges and grants receivable

    beginning of year $5,523,490 · end of year $3,502,132

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,999,939 · end of year $4,517,962

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

    $24,436,993

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

    $15,100,055

  • 10c · Land, buildings and equipment, net

    beginning of year $13,793,680 · end of year $9,336,938

  • 11 · Investments: publicly traded securities

    beginning of year $89,503,689 · end of year $78,881,818

  • 12 · Investments: other securities

    beginning of year $167,136 · end of year $1,329,423

  • 15 · Other assets

    beginning of year $569,357 · end of year $23,359

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,979,323 · end of year $1,395,691

  • 18 · Grants payable

    beginning of year $403,559 · end of year $972,442

  • 25 · Other liabilities

    beginning of year $22,109,174 · end of year $23,473,496

  • 27 · Net assets without donor restrictions

    beginning of year $72,614,679 · end of year $63,711,071

  • 28 · Net assets with donor restrictions

    beginning of year $38,763,522 · end of year $32,999,167

Mission and programs · 2024

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 SUPPORT SERVICES ENABLES AND EMPOWERS STUDENTS, PARENTS, SCHOLARS, AND ALUMNI TO SET A COURSE FOR ACADEMIC AND CAREER SUCCESS. 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 DEVELOPMENT, CAREER SERVICES, KNOWLEDGE BUILDING, COACHING, MENTORSHIP, AND WELLNESS AS WELL AS 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 $23,515,622

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

    Expenses $41,805,549 · Grants $32,453,331

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fidel A Vargas

    PRESIDENT & CHIEF EXECUTIVE

    Total calculated
    $720,929
    From this org
    $700,161
    From related orgs
    $0
    Other
    $20,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $700,161
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,768
    Filer's total
    $720,929

  • Gene Camarena

    CHAIR, AUDIT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Oliver-Farrow

    VICE CHAIR/CHAIR HUMAN RESOURCE

    Total calculated
    $0
    Hours/week
    1

  • Maria Elena Salinas

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Bell-Rose

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael J Bender

    CHAIR FINANCE & INVESTMENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Andres Espinosa

    CHAIR TECHNOLOGY COMMITTEE/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rita Fierro

    CHAIR MARKETING COMMITTEE/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phillip Hyun

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James McNamara

    CHAIR, NOMINATIONS & GOVERNANCE

    Total calculated
    $0
    Hours/week
    1

  • Bea Perez

    CHAIR DEVELOPMENT COMMITTEE/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peggy Turner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patty Juarez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Hite

    CHIEF OPERATING OFFICER

    Total calculated
    $459,862
    From this org
    $405,763
    From related orgs
    $0
    Other
    $54,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $405,763
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $54,099
    Filer's total
    $459,862

  • Kingshuk Chatterjee

    CHIEF ARCHITECT & EVP, ENGINEERING

    Total calculated
    $431,935
    From this org
    $393,041
    From related orgs
    $0
    Other
    $38,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $393,041
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,894
    Filer's total
    $431,935

  • Tammy Schlegel

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $305,874
    From this org
    $288,919
    From related orgs
    $0
    Other
    $16,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,919
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,955
    Filer's total
    $305,874

  • Shany Atiya

    CHIEF ALUMNI & LEADERS PROGRAMS OFFICER

    Total calculated
    $297,643
    From this org
    $241,644
    From related orgs
    $0
    Other
    $55,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,644
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $55,999
    Filer's total
    $297,643

  • Victoria Hardy

    CHIEF FINANCIAL OFFICER

    Total calculated
    $293,019
    From this org
    $246,659
    From related orgs
    $0
    Other
    $46,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,659
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $46,360
    Filer's total
    $293,019

  • Ruth Castillo

    CHIEF CAREER SERVICES OFFICER

    Total calculated
    $284,800
    From this org
    $246,464
    From related orgs
    $0
    Other
    $38,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,464
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,336
    Filer's total
    $284,800

  • Daniel Edeza

    CHIEF SCHOLARSHIP PROGRAMS OFFICER

    Total calculated
    $270,988
    From this org
    $249,572
    From related orgs
    $0
    Other
    $21,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,572
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,416
    Filer's total
    $270,988

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
2024
Filed
7 August 2025
IRS schema version
2024v5.2
Source object
202522269349302982

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

The source document this was parsed from is served over the API, which is where bulk and document access live.