HISPANIC SCHOLARS PROGRAM

EIN: 383708943 501(c)(3) Religion

New York, NY

Total Revenue
$845,582
Total Expenses
$267,015
Total Assets
$2,666,816
Net Assets
$2,663,561
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
IL
Phone
6463898447
Tax Period
2023-10-01 to 2024-09-30

HISPANIC SCHOLARS PROGRAM, founded in 2004, is a small nonprofit in the Religion sector that reported $846K in total revenue in fiscal year 2023. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $579K, a strong 68% operating margin.

Mission

Our mission is to supplement and enrich the theological and ministerial education being offered in seminaries and universities, with academic courses and other activities directly addressing Hispanic history, ministry, and theology.

Program Service Accomplishments

Program 1
Expenses: $207,932 Revenue: $26,850

The Hispanic Scholars Program is a network of theological schools from around the United States that have come together to promote theological education for Latino students and those interested in...

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The Hispanic Scholars Program is a network of theological schools from around the United States that have come together to promote theological education for Latino students and those interested in Latinoministries. There are currently around 38 schools ("Sponsors") in the network. Each Sponsor contributes $4,500 per year to the HSP's operating budget.The Hispanic Scholars Program (HSP) normally offers five or six choices of 3-credit, accredited courses geared toward master-degree level Latina/o seminarians and graduate students. The program is designed primarily for Latina/o students enrolled in theological seminaries and university departmentsof theology or religion.In fiscal year 2024, the HSP offered six 3-credit courses. We had 36 participants from the U.S., representing a wide variety of traditions, denominations, and theological perspectives. We have also welcomed about 10% of non-Latina/o students nationwide who are involved in Latino-centered ministries and advocacy. The (HSP) provides the opportunity for students to study with Latina/o peersand professors.

Program 2
Revenue: $8,250

OTHER PROGRAMS:Through Hispanic Eyes (T.H.E.)Through Hispanic Eyes (T.H.E.) is a cross-cultural program created over a decade ago to help expand the reach and impact of the Hispanic Scholars Program...

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OTHER PROGRAMS:Through Hispanic Eyes (T.H.E.)Through Hispanic Eyes (T.H.E.) is a cross-cultural program created over a decade ago to help expand the reach and impact of the Hispanic Scholars Program as a program of theological education that is shaped by a truly Latino/Hispanic perspective. While the Hispanic Scholars Program sessions held each year are primarily for first degree masters level Latina/o students enrolled in ATS schools, T.H.E. seeks to engageand gather in constructive and critical conversation non-Latino seminary presidents, academic deans, faculty, as well as those very important staff members who work with students, admissions officers and student life directors.

Program 3
Revenue: $4,750

El SemilleroEl Semillero was offered for the third time in FY 2024 and 6 participants attended. Latinx practitioners were invited to learn about the soil of fundraising, finance, and development so...

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El SemilleroEl Semillero was offered for the third time in FY 2024 and 6 participants attended. Latinx practitioners were invited to learn about the soil of fundraising, finance, and development so that they can grow their missional organizationswhether they be churches, non-profits, or institutions of higher and theological educationin ways that are economically sustainable and can, as a result, provide a greater impact for their communities of concern. Through El Semillero we hope to empower our Latinx theological leaders with practical tools that will help them build sustainable and equitable institutions that can positively impact the Latinx community for generations to come.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $746,712
Program Service Revenue $39,850
Investment Income $64,480
Other Revenue $-5,460
TOTAL REVENUE $845,582

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,904
Fundraising Expenses $6,478
Program Expenses $207,932
Other Expenses $234,111
TOTAL EXPENSES $267,015

Year-over-Year Comparison

2023 2022 Change
Revenue $845,582 $294,850 +1.9%
Expenses $267,015 $155,555 +0.7%
Net Income $578,567 $139,295 +3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
38
Independent Members
38
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$24,375
Total Directors
38
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAISY MACHADO Executive Dir. 9.50
Officer
$24,375 $0 $24,375
STEVEN J SCHWEITZER BOARD MEMBER 0.60
Director
$0 $0 $0
Mayra Picos-Lee CHAIR 1.00
Officer Director
$0 $0 $0
ELLEN ARMOUR BOARD MEMBER 0.60
Director
$0 $0 $0
ELY PRIETO BOARD MEMBER 0.60
Director
$0 $0 $0
Hugo Magallanes BOARD MEMBER 0.60
Director
$0 $0 $0
ANGEL GALLARDO BOARD MEMBER 0.60
Director
$0 $0 $0
O Ernesto Valiente BOARD MEMBER 0.60
Director
$0 $0 $0
Rubn Arjona BOARD MEMBER 0.60
Director
$0 $0 $0
DANIEL AUCUTT BOARD MEMBER 0.60
Director
$0 $0 $0
David Vsquez-Levy BOARD MEMBER 0.60
Director
$0 $0 $0
LIZETTE ACOSTA BOARD MEMBER 0.60
Director
$0 $0 $0
Alma Tinoco Ruiz BOARD MEMBER 0.60
Director
$0 $0 $0
Melinda McGarrah Sharp BOARD MEMBER 0.60
Director
$0 $0 $0
ADRIAN EMMANUEL HERNANDEZ-ACOS BOARD MEMBER 0.60
Director
$0 $0 $0
Francisco Lozada Jr VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT WRIGHT BOARD MEMBER 0.60
Director
$0 $0 $0
EMMA ESCOBAR BOARD MEMBER 0.60
Director
$0 $0 $0
Sarah Azaransky Treasurer 1.00
Officer Director
$0 $0 $0
JOANNE SOLIS-WALKER BOARD MEMBER 0.60
Director
$0 $0 $0
Andy Dreitcer BOARD MEMBER 0.60
Director
$0 $0 $0
BENJAMIN HALL BOARD MEMBER 0.60
Director
$0 $0 $0
ARMIDA BELMONTE STEPHENS BOARD MEMBER 0.60
Director
$0 $0 $0
Joanne Rodriguez BOARD MEMBER 0.60
Director
$0 $0 $0
Fr Jos Gonzlez BOARD MEMBER 0.60
Director
$0 $0 $0
LESLIE DIAZ-PEREZ Secretary 1.00
Officer Director
$0 $0 $0
Jos Francisco Morales Torres BOARD MEMBER 0.60
Director
$0 $0 $0
RAFAEL MALPICA PADILLA BOARD MEMBER 0.60
Director
$0 $0 $0
Elizabeth Gandolfo BOARD MEMBER 0.60
Director
$0 $0 $0
LELIA FRY BOARD MEMBER 0.60
Director
$0 $0 $0
HECTOR M VARELA RIOS BOARD MEMBER 0.60
Director
$0 $0 $0
Becky Ruvalcaba BOARD MEMBER 0.60
Director
$0 $0 $0
Edwin Aponte BOARD MEMBER 0.60
Director
$0 $0 $0
Nancy Frausto BOARD MEMBER 0.60
Director
$0 $0 $0
TIMOTHY VAN METER BOARD MEMBER 0.60
Director
$0 $0 $0
Pedro Miranda BOARD MEMBER 0.60
Director
$0 $0 $0
Kristen Largen BOARD MEMBER 0.60
Director
$0 $0 $0
RANDY ROLDAN-FIGUEROA BOARD MEMBER 0.60
Director
$0 $0 $0
TRACY RIGGLE YOUNG BOARD MEMBER 0.60
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $845,582 $267,015 $2,666,816 $578,567
2023 $294,850 $155,555 $1,783,780 $139,295
2022 $243,423 $85,568 $1,566,133 $157,855
2021 $214,459 $81,712 $1,670,522 $132,747
2020 $218,657 $112,609 $1,326,624 $106,048
2019 $233,860 $192,364 $1,209,252 $41,496
2018 $244,087 $253,018 $1,210,943 $-8,931
2017 $323,293 $229,909 $1,158,719 $93,384
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