Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jan 1976.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
27 people listed on the 990; $2.3M paid to officers and key staff.
Fidel a Vargas’s $729K as President & Chief Executive Officer is at the 96th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Fidel a Vargas | $729,278 | $700,161 | $676,675 | $811,384 | $657,200 | $470,050 |
| Julie Hite | $424,694 | $405,763 | $400,195 | $463,380 | $355,481 | $293,954 |
| Victoria Hardy | $461,840 | $246,659 | $247,526 | $287,230 | $228,993 | $194,556 |
| Kingshuk Chatterjee | $282,089 | $393,041 | — | — | — | — |
| Tammy Schlegel | $305,163 | $288,919 | $286,430 | $321,906 | $215,316 | $164,401 |
| Araceli Ruano | — | — | $296,792 | $308,461 | $240,750 | — |
| Daniel Edeza | $261,788 | $249,572 | $226,643 | $230,496 | $181,295 | $161,282 |
| Ruth Castillo | $256,171 | $246,464 | $225,406 | $219,382 | $181,295 | $155,447 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Awards scholarships to outstanding Hispanic students in the United States, Puerto Rico, and the U.S. Virgin Islands to support their higher education.
Questions for Hispanic Scholarship Fund
Your first name shows with your question. Hispanic Scholarship Fund answers here, for everyone.
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Scholarships
The fund administers scholarships funded by donations from foundations,corporations and individuals.
Support Services
The fund provides free bilingual, two hour and half day, college preparation programs held in various cities across the country,designed to help middle and high school students and their parents prepare, plan, and pay for college.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $35.5M | $35.2M |
| InvestmentsLn 11–13 | $15.9M | $89.0M |
| Land, buildings, equipmentLn 10c | $1.7M | $11.0M |
| Total assetsLn 16 | $81.3M | $141.4M |
| LiabilitiesLn 26 | $1.6M | $23.7M |
| Net assetsLn 32 | $79.7M | $117.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5.6M | $5.6M | ||
| Grants to domestic individualsLn 2 | $19.4M | $19.4M | ||
| Pay of current officers, directors and key staffLn 5 | $2.1M | $2.0M | $31K | $12K |
| Other salaries and wagesLn 7 | $3.5M | $2.4M | $809K | $314K |
| Pension plan contributionsLn 8 | $151K | $117K | $28K | $6K |
| Other employee benefitsLn 9 | $743K | $580K | $135K | $27K |
| Payroll taxesLn 10 | $378K | $299K | $59K | $19K |
| Management feesLn 11a | $217K | $164K | $50K | $3K |
| Legal feesLn 11b | $41K | $23K | $18K | |
| Accounting feesLn 11c | $52K | $39K | $12K | $726 |
| Investment management feesLn 11f | $152K | $152K | ||
| Other fees for servicesLn 11g | $1.1M | $861K | $268K | $17K |
| Advertising and promotionLn 12 | $255K | $148K | $96K | $11K |
| Office expensesLn 13 | $1.2M | $559K | $602K | $27K |
| OccupancyLn 16 | $698K | $160K | $538K | $69 |
| Conferences, conventions and meetingsLn 19 | $31K | $27K | $4K | |
| InterestLn 20 | $115K | $68K | $45K | $2K |
| Depreciation, depletion and amortizationLn 22 | $648K | $327K | $320K | |
| InsuranceLn 23 | $73K | $73K | ||
| Other expenses (24a–d)Ln 24 | $40K | $2.0M | −$1.7M | −$186K |
| Total functional expensesLn 25 | $36.5M | $34.8M | $1.5M | $253K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 Latest | $128.8M | $76.4M | $52.4M | $151.2M | 990 PDF |
| FY2025 | $54.5M | $70.1M | −$15.5M | $96.7M | 990 PDF |
| FY2024 | $45.5M | $59.4M | −$13.9M | $111.4M | 990 PDF |
| FY2023 | $40.1M | $48.3M | −$8.2M | $122.0M | 990 PDF |
| FY2022 | $60.0M | $47.4M | $12.7M | $130.2M | 990 PDF |
| FY2021 Viewing | $86.6M | $36.5M | $50.1M | $117.7M | 990 PDF |
| FY2020 | $55.3M | $45.1M | $10.1M | $79.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $86,613,000 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $86,613,000 across 9 lines filed
Part IX · Statement of functional expenses $36,529,664 across 20 lines filed
Part X · Balance sheet $141,362,053 assets, 15 lines filed
Part XI · Reconciliation of net assets $117,672,984 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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