2015-10-21T16:29:43-05:00 2015-03-31 271532099 JLK ROSENBERGER LLP 801 N BRAND BLVD SUITE 550 GLENDALE CA 91203 990 2014-04-01 521051044 HISPANIC SCHOLARSHIP FUND HISP 3105799216 1411 WEST 190TH STREET NO 700 GARDENA CA 90248 FERNANDO ALMODOVAR CFO 3105799216 2015-10-12 ROBERT GABON P00178995 8183348623 2015-10-12 2014 2016-02-25 16:41:14Z FERNANDO ALMODOVAR 1411 WEST 190TH STREET NO 700 GARDENA CA 90248 43898450 0 X WWW.HSF.NET X 1975 DC HISPANIC SCHOLARSHIP FUND AWARDS SCHOLARSHIPS TO OUTSTANDING HISPANIC STUDENTS IN THE UNITED STATES, PUERTO RICO AND UNITED STATES VIRGIN ISLANDS. 19 19 79 840 0 0 43794924 42139045 0 0 480598 517588 -547708 -289311 43727814 42367322 35654871 35163715 0 0 4225735 4511864 0 0 995642 4413333 5188968 44293939 44864547 -566125 -2497225 37096891 35306217 1406682 1453671 35690209 33852546 THROUGH SCHOLARSHIPS AND STUDENT/FAMILY SERVICES, THE HISPANIC SCHOLARSHIP FUND AIMS TO PROVIDE STUDENTS ALL THE TOOLS THEY NEED TO GET A COLLEGE DEGREE AND SUCCEED IN LIFE. OVER $470 MILLION HAS BEEN AWARDED TO DATE. 0 0 35998349 35163715 SCHOLARSHIP PROGRAMS - THE FUND ADMINISTERS PROGRAMS FUNDED BY DONATIONS FROM CORPORATIONS, NON-PROFITS, FOUNDATIONS AND INDIVIDUALS. THE FUND ALSO PROVIDES SCHOLARSHIPS THROUGH THE GATES MILLENNIUM SCHOLARS (GMS) PROGRAM. 1999909 COLLEGE PROGRAMS - THE FUND OFFERS PROGRAMS TO HSF SCHOLARS AND OTHER HISPANIC STUDENTS ENROLLED IN COLLEGE, AS WELL AS FOR STUDENTS AND FAMILIES IN NEARBY COMMUNITIES. THESE INCLUDE ON-CAMPUS STUDENT GROUPS DESIGNED TO INCREASE A STUDENTS' CONNECTION WITH HIS/HER COLLEGE, AS WELL AS ACADEMIC SUPPORT SERVICES FOR SCHOLARSHIP RECIPIENTS. 1999908 OUTREACH PROGRAMS - THE FUND PROVIDES EDUCATIONAL OUTREACH SERVICES TO HISPANICS, OTHER MINORITY PARENTS, AND THEIR CHILDREN FROM KINDERGARTEN THROUGH TWELFTH GRADE. HSF'S STAFF CONDUCTS EVENING AND WEEKEND WORKSHOPS FOR STUDENTS AND PARENTS THAT ADDRESS HOW TO PREPARE FOR COLLEGE, COLLEGE SELECTION, THE COLLEGE APPLICATION PROCESS, AND HOW TO APPLY FOR SCHOLARSHIPS AND FINANCIAL AID. ADDITIONAL PROGRAMS ARE OFFERED TO HSF SCHOLARS AND ALUMNI THAT PROVIDE LEADERSHIP TRAINING AND NETWORKING OPPORTUNITIES. 39998166 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 121 0 79 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AL AK AR CO CT DC FL GA IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X FERNANDO ALMODOVAR 3105799216 1411 WEST 190TH STREET SUITE 700 GARDENA CA 90248 MARGARITA FLORES BOARD MEMBER 1.00 X 0 0 0 NELY GALAN BOARD MEMBER 1.00 X 0 0 0 CHEECH MARIN BOARD MEMBER 1.00 X 0 0 0 FRANK ROSS BOARD MEMBER 1.00 X 0 0 0 MARIA ELENA SALINAS BOARD MEMBER 1.00 X 0 0 0 ANGEL MORALES BOARD MEMBER 1.00 X 0 0 0 VIOLETA VERA SEIDELL BOARD MEMBER 1.00 X 0 0 0 ELIZABETH OLIVER-FARROW BOARD MEMBER 1.00 X 0 0 0 KIMBERLY CASIANO BOARD MEMBER 1.00 X 0 0 0 FIDEL A VARGAS PRESIDENT & CEO 40.00 X X 349639 0 0 GENE CAMARENA CHAIR AUDIT 1.00 X 0 0 0 LISA GARCIA-QUIROZ VICE CHAIR 1.00 X X 0 0 0 TIM HANLON CHAIR ENDOWMENT 1.00 X 0 0 0 ADAM RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 EDGAR SANDOVAL BOARD MEMBER 1.00 X 0 0 0 JUAN GALARRAGA BOARD MEMBER 1.00 X 0 0 0 ANTHONY SALCIDO BOARD MEMBER 1.00 X 0 0 0 THOMAS A ROUPE TREASURER 1.00 X X 0 0 0 JAMES MCNAMARA CHAIR 1.00 X X 0 0 0 BEA PEREZ BOARD MEMBER 1.00 X 0 0 0 GINA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 FERNANDO ALMODOVAR C.F.O 40.00 X 180889 0 0 MARCELA ESCOBAR-BAILEY CHIEF DIGITAL OFFICER 40.00 X 216640 0 0 JASMINE REZAI SENIOR VP OF STRATEGIC INITIATIVES 40.00 X 158796 0 0 VICTORIA HARDY CONTROLLER 40.00 X 105140 0 0 JUANA PACHECO DIRECTOR OF CORPORATE DEVELOPMENT 40.00 X 120472 0 0 JINNY QUINONES HIGHLY COMPENSATED EMPLOYEE 40.00 X 103469 0 0 1235045 0 0 7 0 1 0 ROCHSYSTEMS 11654 PLAZA AMERICA DRIVE 319 RESTON VA 20190 TECHNICAL SUPPORT 663479 LEFT PLUS RIGHT LLC 7305 HANCOCK VILLAGE DRIVE 120 CHESTERFIELD VA 23832 SOFTWARE CONSULTING 642894 THE ADVERTISING COUNCIL INC 815 SECOND AVENUE NEW YORK NY 10017 MEDIA CONSULTING 451491 3 1060060 343317 40735668 597077 42139045 353393 353393 1257287 1093092 164195 164195 164195 135000 1060060 438036 -303036 -303036 MISCELLANEOUS REVENUE 900099 13725 13725 13725 42367322 177920 0 50357 35163715 35163715 1145864 481263 478513 186088 2521474 1071160 1053137 397177 82240 35719 38387 8134 479452 174095 214772 90585 282834 127712 115065 40057 325938 183292 121284 21362 19436 19436 50080 50080 53636 53636 213148 111210 101938 806555 707719 52317 46519 431585 152328 237935 41322 1155408 231874 886269 37265 496302 206062 285504 4736 486654 314318 94707 77629 425286 333081 58508 33697 76120 34957 33934 7229 40586 1000 39586 BAD DEBT 569219 558827 10392 DUES & SUBSCRIPTIONS 39015 4638 30535 3842 OVERHEAD ALLOCATION 0 105196 -105196 44864547 39998166 3870739 995642 2938569 2299395 588539 46976 9514542 6904809 630041 458553 189702 831642 1374466 188384 48604 1186082 20545858 20903027 2641036 2675733 37096891 35306217 793869 803141 154574 186931 458239 463599 1406682 1453671 X 50701 185902 22213066 20220543 13426442 13446101 35690209 33852546 37096891 35306217 -2497225 659562 0 X X 0 1 X 1 1 1 X 38240855 51425107 40549946 43794924 42139045 216149877 38240855 51425107 40549946 43794924 42139045 216149877 216149877 340227 460391 262272 480598 517588 2061076 1070787 1326923 149570 141346 148725 2837351 221048304 0.97780 0.97560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500000 500000 1 17182913 1111900 482626 17812187 16340498 250000 1162530 570115 17182913 15586203 5000 1066510 317215 16340498 14931273 1186520 102521 634111 15586203 13058957 506120 1529026 162830 14931273 0.78130 0.21870 0 0 1374466 188384 1186082 1186082 MONEY MARKET FUNDS 1206021 F ALTERNATE INVESTMENTS 1201298 F INTERNATIONAL EQUITIES 268414 F 2675733 CAPITAL LEASE OBLIGATIONS 463599 463599 X 43525548 659562 552300 -53636 1158226 42367322 0 42367322 45363211 552300 552300 44810911 53636 53636 44864547 PART X, LINE 2: THE FUND AND INSTITUTE ARE A TAX-EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3). THE FUND FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY FASB ASC TOPIC 740. AS OF MARCH 31,2015, MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL OR STATE AUTHORITIES FOR YEARS BEFORE MARCH 31, 2011 AND 2010, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEE EXPENSE -53,636. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEE EXPENSE 53,636. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 14356 NORTH AMERICA - CANADA AND MEXICO,BUT NOT THE UNITED STATES 0 0 INVESTMENTS 84228 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 49542 0 0 0 0 0 0 148126 0 148126 0 0 0 0 1 0 ALUMNI HALL OF FAME 963147 858147 105000 78138 129780 113152 LEA 210913 180913 30000 52028 64938 1 21000 21000 1195060 1060060 135000 130166 129780 178090 438036 -303036 1 SCHOLARSHIPS 4377 35093279 HONORARIA 135 70436 PART I, LINE 2: HISPANIC SCHOLARSHIP FUND OBTAINS AN ENROLLMENT VERIFICATION FORM TO ENSURE THAT THE AWARDED STUDENT IS ENROLLED IN AN ACCREDITED SCHOOL. X X X X X 0 0 0 0 0 0 0 0 0 FIDEL A VARGAS PRESIDENT & CEO 349639 0 0 0 0 0 0 0 0 0 349639 0 0 0 FERNANDO ALMODOVAR C.F.O 180889 0 0 0 0 0 0 0 0 0 180889 0 0 0 MARCELA ESCOBAR-BAILEY CHIEF DIGITAL OFFICER 216640 0 0 0 0 0 0 0 0 0 216640 0 0 0 JASMINE REZAI SENIOR VP OF STRATEGIC INITIATIVES 158796 0 0 0 0 0 0 0 0 0 158796 0 0 0 X 1 500000 FAIR MARKET VALUE X COMPUTER SOFTWARE 1 55000 FAIR MARKET VALUE X AIRLINE TICKET VOUCHERS 1 25000 FAIR MARKET VALUE X BEVERAGES & GIFT ITEMS 1 16077 FAIR MARKET VALUE X GIFT CARDS 1 1000 CASH VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE COPY OF THE FORM 990 WAS FORWARDED TO THE CFO. THE CFO MADE THE FORM 990 AVAILABLE FOR THE GOVERNING BOARD AT ITS MOST RECENT MEETING, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL CONTRACTS ARE REVIEWED BY OUTSIDE COUNSEL AND INTERNALLY TO DETERMINE WHETHER THERE ARE CONFLICTS PRIOR TO SIGNING BY THE CEO,CFO OR CIMO. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HIRED AN OUTSIDE FIRM TO PERFORM RELEVANT RESEARCH. THE DATA WAS PRESENTED TO THE BOARD AND THE BOARD APPROVED ALL OFFICER, DIRECTORS AND KEY EMPLOYEES SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND CAN ALSO BE FOUND ON OUR WEBSITE. THE CONFLICT OF INTEREST POLICY, FORM 990 AND THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS SELECTS THE INDEPENDENT AUDITOR AND REVIEWS THE AUDIT REPORT. HSFT LLC 1411 W 190TH STREET SUITE 700 GARDENA CA 90248 521051044 NO ACTIVITY TO DATE DE 0 0 HISPANIC SCHOLARSHIP FUND HISPANIC SCHOLARSHIP FUND INSTITUTE 1411 WEST 190TH STREET SUITE 700 GARDENA CA 90248 542014609 TO ENGAGE THE PUBLIC SECTOR IN SUPPORT OF LATINO HIGHER EDUCATION DC 501 (C) (3) LINE 7 HISPANIC SCHOLARSHIP FUND 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 HISPANIC SCHOLARSHIP FUND INSTITUTE C 343317 ACTUAL VALUE