CROATIAN SCHOLARSHIP FUND

EIN: 680231056 501(c)(3)

SAN RAMON, CA

Total Revenue
$366,200
Total Expenses
$451,939
Total Assets
$5,966,607
Net Assets
$5,966,607
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
Barbara Jagiello
Phone
5303928467
Tax Period
2025-01-01 to 2025-12-31

CROATIAN SCHOLARSHIP FUND, founded in 1989, is a small nonprofit that reported $366K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $452K exceeded revenue, resulting in a 23% operating deficit.

Mission

attend a university in Croatia or Bosnia and Herzegovina. For the past 30 years CSF has been providing financial assistance to the financially deserving Croatian university students in Croatia and Bosnia-Herzegovina.

Program Service Accomplishments

Program 1
Expenses: $429,580

Scholarships and internships were given to 119 students of Croatian descent in Croatia and Bosnia and Hercegovina. The Executive Board established financial need criteria and rigid academic standards...

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Scholarships and internships were given to 119 students of Croatian descent in Croatia and Bosnia and Hercegovina. The Executive Board established financial need criteria and rigid academic standards for admission into the program in an effort to select the most promising students who would someday become qualified leaders to help Croatia establish and maintain a free democracy and a sound enterprise system. This would enable Croatia to become more competitive in the world global economy.Students accepted into the program receive $2,500 per year for a duration of three years of undergraduate and two years graduate study. No recipient may be awarded more than five one-year scholarships. Students are notified of acceptance into the program by July 1 of each year. Payments are made once a year.

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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 (2025)

Revenue Breakdown

Contributions & Grants $194,855
Program Service Revenue $0
Investment Income $176,833
Other Revenue $-5,488
TOTAL REVENUE $366,200

Expense Breakdown

Grants Paid $428,162
Salaries & Benefits $0
Fundraising Expenses $12,547
Program Expenses $429,580
Other Expenses $23,777
TOTAL EXPENSES $451,939

Year-over-Year Comparison

2025 2024 Change
Revenue $366,200 $387,615 -0.1%
Expenses $451,939 $385,680 +0.2%
Net Income $-85,739 $1,935 -45.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barbara Jagiello President 22.00
Officer Director
$0 $0 $0
Bill Cumbelich Vice President 2.00
Officer Director
$0 $0 $0
Vera Duplan Treasurer 20.00
Officer Director
$0 $0 $0
Serge Barbir Secretary 5.00
Officer Director
$0 $0 $0
Liz Buljan Member at Large 4.00
Director
$0 $0 $0
Chip Kumparak Member at Large 2.00
Director
$0 $0 $0
Marijana Pavic Student Liaison 22.00
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
2025 $366,200 $451,939 $5,966,607 $-85,739
2024 $387,615 $385,680 $5,524,820 $1,935
2023 $613,603 $2,168,309 $5,272,107 $-1,554,706
2022 $273,731 $387,135 $6,535,492 $-113,404
2021 $5,683,496 $486,998 $7,092,603 $5,196,498
2020 $246,370 $182,136 $1,877,688 $64,234
2019 $207,130 $192,730 $1,720,309 $14,400
2018 $258,568 $173,713 $1,589,386 $84,855
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