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Nonprofiteer
← HISPANIC SCHOLARSHIP FUND

Form 990 for tax year 2025

Filed by HISPANIC SCHOLARSHIP FUND.

Totals

Total revenue
$128,809,486
Total expenses
$76,443,028
Contributions and grants received
$123,669,069
Grants paid
$36,865,881
Program service revenue
$0
Investment income
$5,133,942
Other revenue
$6,475
Total assets, end of year
$198,022,896
Total liabilities, end of year
$46,778,337
Net assets or fund balances, end of year
$151,244,559
Program services expenses (Part IX)
$73,356,470
Management and general expenses
$2,796,252
Fundraising expenses
$290,306
Program service expenses (Part III)
$73,356,470

Program services were 96.0% 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

    $123,669,069

  • 1g · Noncash contributions included above

    $234,508

  • 3 · Investment income

    total $3,986,954 · excluded $3,986,954

  • 7a · Gross sales of assets other than inventory

    securities $48,637,343

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

    securities $47,490,355

  • 7c · Gain or loss

    securities $1,146,988

  • 7d · Net gain or loss

    total $1,146,988 · related or exempt $1,146,988

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $6,475 · related or exempt $6,475

  • 11e · Other revenue, total

    $6,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,052,274 · program services $29,052,274

  • 2 · Grants to domestic individuals

    total $7,813,607 · program services $7,813,607

  • 5 · Compensation of officers, directors and key employees

    total $1,268,204 · program services $918,888 · management and general $290,941 · fundraising $58,375

  • 7 · Other salaries and wages

    total $10,300,156 · program services $7,463,060 · management and general $2,362,982 · fundraising $474,114

  • 8 · Pension plan contributions

    total $392,124 · program services $314,148 · management and general $61,961 · fundraising $16,015

  • 9 · Other employee benefits

    total $1,838,321 · program services $1,472,757 · management and general $290,482 · fundraising $75,082

  • 10 · Payroll taxes

    total $785,070 · program services $592,125 · management and general $154,071 · fundraising $38,874

  • 11a · Fees: management

    total $1,623,131 · program services $1,024,065 · management and general $344,301 · fundraising $254,765

  • 11b · Fees: legal

    total $443,297 · management and general $443,297

  • 11c · Fees: accounting

    total $54,500 · program services $34,385 · management and general $11,561 · fundraising $8,554

  • 11f · Fees: investment management

    total $152,593 · management and general $152,593

  • 11g · Fees: other

    total $1,627,969 · program services $1,074,744 · management and general $319,420 · fundraising $233,805

  • 12 · Advertising and promotion

    total $7,671,799 · program services $6,739,217 · management and general $932,582

  • 13 · Office expenses

    total $1,804,556 · program services $1,021,390 · management and general $752,787 · fundraising $30,379

  • 14 · Information technology

    total $768,557 · program services $406,930 · management and general $354,746 · fundraising $6,881

  • 16 · Occupancy

    total $678,250 · program services $19,860 · management and general $658,390

  • 17 · Travel

    total $3,959,763 · program services $3,572,097 · management and general $373,751 · fundraising $13,915

  • 22 · Depreciation, depletion and amortization

    total $5,999,312 · program services $5,420,484 · management and general $578,828

  • 23 · Insurance

    total $151,127 · program services $7,725 · management and general $143,402

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $58,418 · program services $26,441 · management and general $21,698 · fundraising $10,279

  • 24b · Other expenses: OVERHEAD ALLOCATION

    total $0 · program services $6,382,273 · management and general -$5,451,541 · fundraising -$930,732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,960,235 · end of year $25,455,753

  • 3 · Pledges and grants receivable

    beginning of year $3,502,132 · end of year $3,351,481

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,517,962 · end of year $4,164,954

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

    $43,477,525

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

    $21,099,365

  • 10c · Land, buildings and equipment, net

    beginning of year $9,336,938 · end of year $22,378,160

  • 11 · Investments: publicly traded securities

    beginning of year $78,881,818 · end of year $56,517,486

  • 12 · Investments: other securities

    beginning of year $1,329,423 · end of year $71,533,367

  • 15 · Other assets

    beginning of year $23,359 · end of year $14,621,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,395,691 · end of year $2,289,852

  • 18 · Grants payable

    beginning of year $972,442 · end of year $678,282

  • 25 · Other liabilities

    beginning of year $23,473,496 · end of year $43,810,203

  • 27 · Net assets without donor restrictions

    beginning of year $63,711,071 · end of year $122,057,797

  • 28 · Net assets with donor restrictions

    beginning of year $32,999,167 · end of year $29,186,762

Mission and programs · 2025

Mission

HSF EMPOWERS COURAGEOUS LEADERS WITH THE KNOWLEDGE AND RESOURCES TO SUCCESSFULLY COMPLETE THEIR CHOSEN PATH TO A MEANINGFUL JOB AND CAREER, WHILE PROVIDING SUPPORT SERVICES AND FINANCIAL RESOURCES TO AS MANY STUDENTS, PARTICIPANTS, PARENTS, HSF SCHOLARS AND ALUMNI AS POSSIBLE.

Activities or mission (Part I)

HSF EMPOWERS COURAGEOUS LEADERS WITH THE KNOWLEDGE AND RESOURCES TO SUCCESSFULLY COMPLETE THEIR CHOSEN PATH TO A MEANINGFUL JOB AND CAREER, WHILE PROVIDING SUPPORT SERVICES AND FINANCIAL RESOURCES TO AS MANY STUDENTS, PARTICIPANTS, PARENTS, HSF SCHOLARS, AND ALUMNI AS POSSIBLE.

  • SUPPORT SERVICES - HSF SUPPORT SERVICES ENABLES AND EMPOWERS STUDENTS, PARENTS, PARTICIPANTS, SCHOLARS, AND ALUMNI TO SET A COURSE FOR ACADEMIC AND CAREER SUCCESS. HSF PROVIDES FREE, MULTILINGUAL, 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, ALUMNI, AND LEADERS 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 MYHSF PORTAL, HSF PROVIDES FREE INFORMATION AND RESOURCES TO ALL VISITORS, INCLUDING STUDENTS AND THEIR PARENTS, CURRENT HSF SCHOLARS, ALUMNI AND OTHERS ON A RANGE OF TOPICS RELATED TO COLLEGE AND CAREER.

    Expenses $26,408,329

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

    Expenses $46,948,141 · Grants $36,865,880

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FIDEL A VARGAS

    PRESIDENT & CHIEF EXECUTIVE OFFICER

    Total calculated
    $753,310
    From this org
    $729,278
    From related orgs
    $0
    Other
    $24,032
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $729,278
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,032
    Filer's total
    $753,310

  • 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

  • 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 COMMITTE/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
    $481,986
    From this org
    $424,694
    From related orgs
    $0
    Other
    $57,292
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $424,694
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $57,292
    Filer's total
    $481,986

  • KINGSHUK CHATTERJEE

    CHIEF ARCHITECT & EVP, ENGINEERING

    Total calculated
    $311,245
    From this org
    $282,089
    From related orgs
    $0
    Other
    $29,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,089
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,156
    Filer's total
    $311,245

  • TAMMY SCHLEGEL

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $322,748
    From this org
    $305,163
    From related orgs
    $0
    Other
    $17,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,163
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,585
    Filer's total
    $322,748

  • RUTH CASTILLO

    CHIEF CAREER SERVICES OFFICER

    Total calculated
    $303,995
    From this org
    $256,171
    From related orgs
    $0
    Other
    $47,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,171
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $47,824
    Filer's total
    $303,995

  • DANIEL EDEZA

    CHIEF SCHOLARSHIP PROGRAMS OFFICER

    Total calculated
    $284,077
    From this org
    $261,788
    From related orgs
    $0
    Other
    $22,289
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,788
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,289
    Filer's total
    $284,077

  • VICTORIA HARDY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $501,548
    From this org
    $461,840
    From related orgs
    $0
    Other
    $39,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,419
    Bonus
    $0
    Other
    $268,421
    Deferred
    $0
    Nontaxable benefits
    $39,708
    Filer's total
    $501,548

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
  • 4a · Severance or change-of-control payment

Answered no

  • 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
2025
IRS schema version
2025v4.2
Source object
202622239349302407

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