Hispanic Scholarship Fund
93% goes to programs $1 to raise $100 Strong reserves
Hispanic Scholarship Fund is a 501(c)(3) organization based in El Segundo, California, registered in 1976, with $54,519,036 in FY2024 revenue. CharityIndex grades it C+, and it directs about 93% of spending to programs.
100 N Pch Ste 1900, El Segundo, CA, 90245 EIN 52-1051044 Since 1976
Revenue (FY2024)
$54.5M
▲ 19.7% vs prior year
Education median: $200K
Expenses (FY2024)
$70.1M
Net assets
$96.7M
Employees
94
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating93% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hispanic Scholarship Fund: 93% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating17 mo reserves · -29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hispanic Scholarship Fund: 17 mo reserves · -29% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hispanic Scholarship Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hispanic Scholarship Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
Scholarships - hsf administers scholarships funded by donations from foundations, corporations, and individuals.
Contact & location
- Address
- 100 N Pch Ste 1900, El Segundo, CA, 90245
- City
- El Segundo
- State
- California
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $42.4M (FY2014) to $54.5M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $25.8MNet assets $96.7M
Operating margin
-28.5%
Spent more than it raised in the latest fiscal year.
Total assets
$122.6M
Total liabilities
$25.8M
Net assets
$96.7M
Salaries & benefits
$13.1M
19% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $54,519,036▲19.7% | $70,065,709▲18.0% | $96,710,238▼13.2% | $122,551,867▼9.8% | 990 |
| 2023 | $45,537,768▲13.6% | $59,393,948▲22.9% | $111,378,201▼8.7% | $135,870,257▼8.6% | 990 |
| 2022 | $40,093,684▼33.2% | $48,338,730▲2.1% | $121,966,039▼6.3% | $148,596,443▼2.6% | 990 |
| 2021 | $60,036,131▼30.7% | $47,365,483▲29.7% | $130,202,171▲10.6% | $152,619,685▲8.0% | 990 |
| 2020 | $86,613,000▲56.7% | $36,529,664▼19.0% | $117,672,984▲47.6% | $141,362,053▲73.9% | 990 |
| 2019 | $55,255,602▼27.9% | $45,110,520▼3.0% | $79,716,325▲11.7% | $81,275,444▲6.4% | 990 |
| 2018 | $76,590,119▲46.0% | $46,501,776▲5.0% | $71,388,688▲73.9% | $76,353,087▲79.6% | 990 |
| 2017 | $52,464,745▲9.7% | $44,298,196▼8.7% | $41,061,133▲29.6% | $42,515,261▲27.3% | 990 |
| 2016 | $47,831,597▲6.7% | $48,536,245▲3.8% | $31,693,604▲1.1% | $33,406,397▲2.2% | 990 |
| 2015 | $44,839,607▲5.8% | $46,748,109▲4.2% | $31,343,065▼7.4% | $32,674,805▼7.5% | 990 |
| 2014 | $42,367,322 | $44,864,547▲5.8% | $33,852,546▼16.0% | $35,306,217▼16.9% | 990 |
| 2011 | — | $42,391,603▲13.0% | $40,286,279▲37.7% | $42,494,710▲41.0% | 990 |
| 2009 | — | $37,523,443 | $29,256,595 | $30,144,888 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Fidel A Vargas — $700,161 (1.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Fidel A Vargas | President & Chief Executive | 40 | $700,161 |
| Julie Hite | Chief Operating Officer | 40 | $405,763 |
| Kingshuk Chatterjee | Chief Architect & Evp, Engineering | 40 | $393,041 |
| Tammy Schlegel | Chief Technology Officer | 40 | $288,919 |
| Daniel Edeza | Chief Scholarship Programs Officer | 40 | $249,572 |
| Victoria Hardy | Chief Financial Officer | 40 | $246,659 |
| Ruth Castillo | Chief Career Services Officer | 40 | $246,464 |
| Shany Atiya | Chief Alumni & Leaders Programs Officer | 40 | $241,644 |
| Andres Espinosa | Chair Technology Committee/board Member | 1 | — |
| Bea Perez | Chair Development Committee/board Member | 1 | — |
| Elizabeth Oliver-farrow | Vice Chair/chair Human Resource | 1 | — |
| Gene Camarena | Chair, Audit/board Member | 1 | — |
| James Mcnamara | Chair, Nominations & Governance | 1 | — |
| Maria Elena Salinas | Secretary/board Member | 1 | — |
| Michael J Bender | Chair Finance & Investment/treasurer | 1 | — |
| Patty Juarez | Board Member | 1 | — |
| Peggy Turner | Board Member | 1 | — |
| Phillip Hyun | Board Member | 1 | — |
| Rita Fierro | Chair Marketing Committee/board Member | 1 | — |
| Stephanie Bell-rose | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| United Healthcare | Employee Benefits | $1,064,756 |
| Kaiser Foundation Health Plan Inc | Employee Benefits | $233,764 |
| Guardian | Employee Benefits | $227,594 |
| Alicia Santistevan Photographer | Photography Services | $203,392 |
Grants received · $295.1M total
113 grants to Hispanic Scholarship Fund totaling $295.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Negro College Fund Inc | Grants & scholarships, area office joint campaign | 2024 | $3,839,937 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $1,250,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $1,250,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $510,596 |
| Fidelity Non-profit Management Foundation | Strategic plan | 2024 | $500,000 |
| Charter Fund Inc | Charter school capacity-building | 2024 | $250,000 |
| Daffy Charitable Fund | General support of mission | 2024 | $26,100 |
| College Board | Sponsorship | 2024 | $25,102 |
| Ayco Charitable Foundation | Education | 2024 | $18,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $11,000 |
| Impactassets Inc | General support | 2024 | $10,000 |
| Paypal Charitable Giving Fund | General support | 2024 | $7,133 |
| American Online Giving Foundation Inc | General support | 2024 | $5,627 |
| United Negro College Fund Inc | Grants & scholarships, area office joint campaign | 2023 | $4,156,031 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $609,153 |
Grants made · $22.3M in FY2024
278 grants totaling $22.3M in FY2024 — showing the 15 largest. All grants made by Hispanic Scholarship Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Howard University | To provide scholarships for students | $902,564 |
| The University of Texas At Austin | To provide scholarships for students | $774,943 |
| President and Fellows of Harvard College | To provide scholarships for students | $720,573 |
| University of Southern California | To provide scholarships for students | $720,093 |
| Regents Univ of California | To provide scholarships for students | $710,641 |
| The Board of Trustees of the Leland Stanford Junior University | To provide scholarships for students | $693,565 |
| Trustees of Columbia University | To provide scholarships for students | $667,921 |
| New York University | To provide scholarships for students | $602,881 |
| Spelman College | To provide scholarships for students | $574,436 |
| Georgia Institute of Technology | To provide scholarships for students | $453,873 |
| Regents of the University of California At Irvine | To provide scholarships for students | $437,314 |
| Regents of the University of California At Berkeley | To provide scholarships for students | $424,459 |
| Trustees of Boston University | To provide scholarships for students | $414,504 |
| Northwestern University | To provide scholarships for students | $387,853 |
| Regents of the University of Michigan | To provide scholarships for students | $366,636 |
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Frequently asked questions
- Is Hispanic Scholarship Fund a legitimate nonprofit?
- Yes. Hispanic Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1051044, based in El Segundo, California. Donations are tax-deductible.
- What is Hispanic Scholarship Fund's EIN?
- Hispanic Scholarship Fund's Employer Identification Number (EIN) is 52-1051044.
- How much revenue does Hispanic Scholarship Fund report?
- Hispanic Scholarship Fund reported $54,519,036 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hispanic Scholarship Fund's spending goes to programs?
- Hispanic Scholarship Fund spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hispanic Scholarship Fund have?
- CharityIndex grades Hispanic Scholarship Fund C+, based on program efficiency and fundraising cost.
- How much does Hispanic Scholarship Fund's highest-paid employee make?
- The highest reported compensation on Hispanic Scholarship Fund's latest Form 990 is $700,161, paid to Fidel A Vargas (President & Chief Executive).
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Data for Hispanic Scholarship Fund (EIN 52-1051044) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.