CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
According to the Hispanic Scholarship Fund consolidated audit of March 31, 2015, Note 12, Concentrations of Risk:

"One and two donors comprise approximately 67% and 75% of the contribution revenue for the years ended March 31, 2015 and 2014, respectively..."
According to the Hispanic Scholarship Fund consolidated audit of March 31, 2015, Note 13, Related Parties:

"In March 2014, the Fund entered into a ten year lease agreement with Toyota Motor Sales, the employer of a member of the Board of Directors. Over the term of the lease, monthly payments range between $40,107 and $53,818. The lease agreement is in relation to the relocation of the Fund from San Francisco to the Los Angeles area."

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