Educational Institutions

HISPANIC SCHOLARSHIP FUND

  • Gardena, CA
  • www.hsf.net

Mission Statement

The Hispanic Scholarship Fund (HSF) empowers Latino families with the knowledge and resources to successfully complete a higher education, while providing scholarships and support services to as many exceptional Hispanic American students as possible.

Main Programs

  1. Scholarships
  2. College 101
  3. College Camp
  4. Youth Leadership Institute
  5. National Leadership Conference
  6. STEM Summit
  7. Career Symposium
  8. Finance Conference
  9. Media & Entertainment Summit
Service Areas

Self-reported

National

U.S., Puerto Rico, U.S. Virgin Islands, and Guam.

ruling year

1976

President & CEO since 2013

Self-reported

Mr. Fidel A. Vargas

Keywords

Self-reported

scholarship, college readiness, college access, college success, academic support, student support services, Latino, Hispanic, higher education, outreach, college recruitment, parent engagement

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Also Known As

HSF

EIN

52-1051044

 Number

8319965766

Physical Address

1411 W. 190th Street Suite 700

Gardena, 90248

Contact

Cause Area (NTEE Code)

Fund Raising and/or Fund Distribution (B12)

Scholarships, Student Financial Aid, Awards (B82)

Student Services and Organizations (B80)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

Over the course of almost 40 years, HSF's programs have provided students and families with scholarship support and a range of college readiness information and resources that have helped tens of thousands of students apply to college, excel, and develop into leaders. Through HSF.net, we are significantly expanding the reach of our programs and resources to reach hundreds of thousands more students and families – a demographic that is the highest user of mobile devices for information and transactions, in the country. In the coming years, we aim to provide as many top Hispanic students as possible with all the tools they need to prepare for and apply to college, do well in their course work, graduate, enter a profession, excel, help lead our nation going forward, and mentor the generations to come.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Scholarships

Scholarships, usually in the form of $500-$5,000 awards, as well as a host of support services to assist students in completing a higher education and connecting to career opportunities

Category

Education

Population(s) Served

Hispanics

Young Adults (20-25 years) -- currently not in use

Young Adults (20-25 years) -- currently not in use

Budget

Program 2

College 101

College 101 is a free, bilingual, two-hour workshop for high school students and their families, which identifies and addresses the various steps necessary to plan for a college education. Each session provides valuable information about how to prepare, plan, and pay for college, apply for scholarships, and research financial aid opportunities. The workshops are offered on weekday evenings, in various cities across the country.

Category

Education

Population(s) Served

Hispanics

General Public/Unspecified

None

Budget

Program 3

College Camp

The College Camp Series features free, bilingual, half-day, college preparation workshops held in various cities around the country. The programs are designed to help middle and high school students – and their parents – prepare, plan, and pay for college. Breakout session topics include preparing for and applying to college, choosing a college that’s the right fit, writing a personal statement, researching financial aid and scholarship opportunities, and understanding the real cost of a college education. Students are grouped by grade level, and parents can choose to receive information in either English or Spanish. Participants have the opportunity to interact with HSF Scholars, Alumni, and supporters, including local business leaders, sponsors, and educators. Each event concludes with a motivational address.

Category

Education

Population(s) Served

Hispanics

General Public/Unspecified

None

Budget

Program 4

Youth Leadership Institute

The Youth Leadership Institute (YLI) is a four-day, overnight, college empowerment conference for 150 Latino high school juniors, selected through a competitive application process. It is designed to give these young leaders the practical tools they need to successfully apply to top universities, have full access to scholarship and financial aid opportunities, and set a course for academic and career success. Attendees will enhance their leadership abilities and expand their professional networks by participating in college and career workshops, living on a college campus, and interacting with college students and professionals who serve as their mentors. The conferences are hosted each summer at various college campuses across the country.

Category

Education

Population(s) Served

Hispanics

Youth/Adolescents only (14 - 19 years)

None

Budget

Program 5

National Leadership Conference

The Hispanic Scholarship Fund’s annual National Leadership Conference (NLC) provides an inside track to 100 of the best and brightest HSF Scholars, through a combination of mentoring, professional insights, and career guidance. Each summer, a select group of rising sophomores and juniors is chosen from a highly competitive pool of current HSF Scholars. Attendees are given the opportunity to interact with some of the leading Hispanic professionals in our country and gain insights on how to achieve excellence, both academically and professionally, in their chosen fields.

Category

Education

Population(s) Served

Hispanics

Young Adults (20-25 years) -- currently not in use

Budget

Program 6

STEM Summit

Not available

Category

Population(s) Served

Budget

Program 7

Career Symposium

Not available

Category

Population(s) Served

Budget

Program 8

Finance Conference

Not available

Category

Population(s) Served

Budget

Program 9

Media & Entertainment Summit

Not available

Category

Population(s) Served

Budget

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    We aim to give as many top Hispanic students as possible all the tools they need to prepare for and apply to college, do well in their course work, graduate, enter a profession, excel, help lead our nation going forward, and mentor the generations to come. More specifically, we are striving to
    • Award scholarships to every qualified applicant
    • Provide as much knowledge as possible to the best and brightest students and their parents about the path to a college degree, from early education, on
    • Inspire, motivate, inform, and mentor Hispanic students and their families about the lifelong value of a college degree
    • Help make college education a top priority for Latinos across the nation, mobilizing the community to proactively advance that goal – each individual, over a lifetime
  2. What are the organization's key strategies for making this happen?
    Our overall strategy is to leverage advanced technology to grow our capacity, expand our range of services, and support more Latino students on the path to higher education.

    HSF's Call to Action
    Today, 1 in 4 public school students is Latino, and the Latino population is projected to become 30% of the labor force over the next 20 years. Although more Hispanic students are advancing to college than the general population, and their dropout rates have been declining, research indicates that Hispanic college students are less likely than whites to enroll in a four-year college, attend a selective college, enroll full-time, or graduate. Also, fewer Hispanic students are getting degrees in science, technology, engineering, and mathematics (STEM) than their non-Hispanic peers. Moreover, Latino students across the nation face relatively greater economic hardship than students within the general population, as costs for college continue to rise, steeply. And Hispanic students often lack access to the institutionalized support available to many top, non-Hispanic students. All of these factors indicate we have our work cut out for us. There is a large and growing pool of talent that needs our support to join the ranks of tomorrow's leaders.

    Major Strategy - Details
    In order to achieve our major goals, our top strategic priority is to use state-of-the-art, web-based technology to expand our scholarships, services, programs, and community outreach. We call this strategy HSF 2.0, and we have completed Phase 1 of the buildout and started Phase 2. We believe, and are proving every day, that technology is the key. As the buildout progresses, HSF 2.0 is allowing us to improve every aspect of our organization, from how we review scholarship applications, run the organization, and execute our programs, to how we provide content to the millions of families and students who need our support. It directly helps us select scholarship winners, match award dollars to students, match mentors to students, pair students with internships and career opportunities, and track how the students are doing who come through our gateway. With the right team at work designing, implementing, maintaining, and using this technology, we are
    • Providing families throughout the country with free, universally accessible, user-friendly Web and mobile access to newly-expanded services through our HSF.net hub
    • Streamlining previously labor-intensive efforts in the areas of fundraising, scholarship administration, outreach, education, and marketing
    • Getting the most out of technology per donated dollar by fully integrating custom (built in-house by our own team) and off-the-shelf systems

    Additional Strategic Initiatives
    • Secure major, new corporate, institutional, and grassroots funding
    • Provide as much knowledge as possible to the Latino Community about the path to a college degree and a successful career, through services, programs, and accessible information
  3. What are the organization's capabilities for doing this?
    Technology and People
    Both our new technology platform and HSF.net website have gone a long way toward streamlining and enhancing the effectiveness of virtually everything we do, automating previously labor-intensive activities and reducing costs across the board, increasing our market reach, and providing a hub for scholarships, services, and donations. On-line activities now include scholarship applications; matching HSF Scholars with mentors and on and off-campus support services; connecting families with financial aid and college prep programs; on-line donation and up-to-date information on where the dollars go; the latest corporate and institutional donor news, and much more.

    With Phase 1 completed and Phase 2 underway, HSF 2.0 has already enabled HSF to provide an array of new and improved programs and services for students, HSF scholarship recipients (HSF Scholars), and their families. Examples already (or soon to be) completed include
    • Comprehensive Scholarship Database
    • Online Scholarship Application
    • Mentor Match Application
    • Career Services System
    • College Readiness Videos, Tutorials, and Webinars
    • Financial Literacy Resources
    • On-line Recurring Giving Program
    • Academic Planning Tools
    • Access to HSF Scholars/Alumni Video Library

    In addition, on the back end of the system, we've added
    • Data Collection and Tracking
    • Enhanced/Expanded engagement with individual contributors, e.g. in-house-built Text-2-Donate
    • A range of features and efficiencies that generate greater value for existing and prospective partners

    As technology is the key to our successful expansion, people are the key to the technology. The Hispanic Scholarship Fund handpicked a team of experts to design and execute the technology described, and likewise, we searched the country to hire the best and the brightest talent to improve, develop, and run an array of unprecedented programs and services. A number of Team members are HSF Alumni, including President & CEO, Fidel A. Vargas, a 6-time HSF scholarship winner who used his scholarships to earn B.A. and M.B.A. degrees from Harvard.
  4. How will they know if they are making progress?
    In keeping with HSF's commitment to measuring performance and continuous improvement, across all operations, HSF 2.0 includes a number of systems and tools designed for this purpose. Buildout of our Enterprise Management System is underway, with features like improved data gathering; exception management before data is warehoused; a single data warehouse in which to aggregate data, in order to conduct more sophisticated analytics, dashboards and tracking, trend analysis, and other critical IT functions that will help us move forward in achieving our goals.
  5. What have and haven't they accomplished so far?
    Programs Offered Free of Charge, Around the Country
    • College 101 - college knowledge for high school students and parents
    • College Camp - 1/2-day college knowledge session for middle and high school students and parents
    • HSF Youth Leadership Institute - a three-day, on-campus college empowerment conference for high school juniors
    • HSF National Leadership Conference - for HSF Alumni, to foster leadership skills, career advancement, and community empowerment

    Support Services
    • Mentor Match - pairs HSF Scholars with HSF Alumni and other outstanding professionals through graduation
    • Scholar Chapters - supportive on-campus clubs for HSF Scholars, other Latino students, and members of nearby Latino communities

    Special Events
    • HSF Scholar Celebration - receptions celebrating HSF Scholars, their accomplishments, and their families, before the start of the fall semester
    • Latinos Uniting & Networking for Advancement (LUNA Series) - receptions for HSF Scholars and Alumni for networking, career advancement, and motivation to support Latino higher education

    Marquee Events
    • Alumni Hall of Fame - annual gala event honoring distinguished Latinos who exemplify HSF's goals and values
    • Leaders in Education Awards - recognizes HSF Scholars and parents, Community Partners, and other leaders for their contributions to advancing higher education for Latino students

    Operations/People
    Streamlined, rebooted Back Office Operations to get maximum return on donated dollars, including remodeling the organization by hiring the specialized talent to support current/expanded goals, and consolidating headquarters and operations in Los Angeles.

    Community Outreach
    Built/implemented a self-sustainable, multi-tiered, community, recurring giving model (Donate 833™); increased visibility in the Hispanic Community through web-based marketing, social media and special events around the country (e.g., World Cup Celebration in L.A.).; and extended programs to aspiring HSF Scholars and families.

    Corporate and Institutional Support
    Increased corporate and institutional partnerships, in some cases tripling previous commitments; received special, technology underwriting commitments from Groundbreaking Partners.

    Alumni
    Enlisted active participation from a pool of over 60,000 HSF Alumni and other Hispanic young professionals in networking, mentoring, ambassadorships, and more.

    Technology
    Completed Phase 1 buildout of new web-based platform and applications that have improved office operations, field operations, programs, fundraising, and services (see details above).

    Underway and/or Planned
    1. Phase II of the HSF 2.0 technology buildout is underway and will add further detail, sophistication, and functionality.
    2. We are shifting the opening of our scholarship application process from September 1st to January 1st in order to enable more students to apply. The application deadline will now be March 31st.
Service Areas

Self-reported

National

U.S., Puerto Rico, U.S. Virgin Islands, and Guam.

Social Media

Blog

Videos

photos


External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

HISPANIC SCHOLARSHIP FUND
Fiscal year: Apr 01-Mar 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

HISPANIC SCHOLARSHIP FUND

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2014
  • Board Chair and Board Members
  • Access to the GuideStar Community
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President & CEO

Mr. Fidel A. Vargas

BIO

Prior to becoming President and CEO of HSF, Fidel A. Vargas was a founding partner of Centinela Capital Partners, a private equity asset management firm that focused on investing and managing nearly $1billion in minority-owned, emerging-manager funds. Prior to joining Centinela, Mr. Vargas was a Managing Director with TMG Advisors, an investment/consulting firm specializing in business development, strategic planning, and government affairs. He was also a Founding Principal and Managing Director of Reliant Equity Investors, a private equity investment firm primarily investing in later-stage, lower middle market companies. Mr. Vargas also served as Mayor of Baldwin Park, California, a city of 75,000, twenty miles northeast of Los Angeles. At the age of twenty-three, he became the country's youngest elected Mayor of a major city.

In addition to having served on HSF's Board of Directors prior to taking the helm as President and CEO, Mr. Vargas has served on several public and private sector boards, including: the Latino Theater Company of Los Angeles; the New America Alliance; Sponsors for Education Opportunities; Operation Hope, Inc.; President Clinton's Advisory Council on Social Security; President Bush's Commission on Strengthening Social Security; and President Bush's Commission on Presidential Scholars, on which he continued to serve through the early years of the Obama Administration.

Mr. Vargas has been recognized by numerous organizations and media outlets, throughout his career, including Time Magazine, Hispanic Magazine, Hispanic Business Magazine, and others. He has a deep commitment to HSF, having been a six-time, HSF scholarship recipient while attending Harvard University, where he graduated with honors and received his A.B. and MBA degrees.

Governance

BOARD CHAIR

Mr. James McNamara

Panamax Films

Term: Apr 2012 -

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?