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Top Rated

Hispanic Scholarship Fund

CharityWatch report issued
February 2019

Top-Rated Charity
A+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
92%
Program Percentage
Amount spent on programs
relative to overhead.
 
$2
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Hispanic Scholarship Fund
1411 West 190th Street
Suite 700
Gardena, CA 90248-4376

Other Names

None

Tax Status

501(c)3

Website

www.hsf.net

Stated Mission

Through scholarships and student/family services, aims to provide students all the tools they need to get a college degree and succeed in life.

View similar charities
Data based on Fiscal Year Ended 03/31/2018

Program Percentage: 92%

The percentage of Hispanic Scholarship Fund's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$44,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $2

How many dollars Hispanic Scholarship Fund spends on fundraising to raise each $100 of contributions.

$52,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Hispanic Scholarship Fund IRS Form 990 52-1051044
Hispanic Scholarship Fund Audited Consolidated Financial Statements Multiple
Entity: Hispanic Scholarship Fund
Document Type: IRS Form 990
Tax ID: 52-1051044
Entity: Hispanic Scholarship Fund
Document Type: Audited Consolidated Financial Statements
Tax ID: Multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Hispanic Scholarship Fund
meets governance benchmarks.
 
Hispanic Scholarship Fund
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Fidel A. Vargas President/CEO $389,314
2 Ricardo Deleon COO $279,500
3 Julie Hite Chief Marketing Officer $196,764
1
Name: Fidel A. Vargas
Title: President/CEO
Compensation: $389,314
2
Name: Ricardo Deleon
Title: COO
Compensation: $279,500
3
Name: Julie Hite
Title: Chief Marketing Officer
Compensation: $196,764

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.
According to the Hispanic Scholarship Fund audited Consolidated Statement of Activities for the year ended March 31, 2018, the Fund received in-kind contributions on which it placed a total value of $2,695,372.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the Hispanic Scholarship Fund consolidated audit of March 31, 2018 (Note 14, Concentrations of Risk):

"One donor comprised approximately 50% and 66% of the contribution revenue for the years ended March 31, 2018 and 2017, respectively..."
According to the Hispanic Scholarship Fund consolidated audit of March 31, 2018 (Note 6, The Gates Scholarship Program):

"During the fiscal year ended March 31, 2016, the Fund received a grant from the Bill and Melinda Gates Foundation (the 'Foundation') for $417 million over a 19 year period to administer The Gates Scholarship Program (the 'Program'). The overall goal of the program is to provide scholarships for 3,000 outstanding low-income Hispanic American, African American, American Indian/Alaska Native, and Asian & Pacific Islander American students to attend the undergraduate institutions of their choice. The program has been designed for 10 cohorts of 300 students each year for 10 years. This grant is conditioned on the Fund's successful annual administration of the Program as determined by the administration agreement with the Foundation."

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