Nonprofit · EIN 38-3708943
HISPANIC SCHOLARS PROGRAM
Tax-exempt · NEW YORK, NY 10027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $321,579 | $288,698 | $32,881 | $2,845,350 | $7,608 | $2,837,742 |
| September 30, 2024 | 990 | $845,582 | $267,015 | $578,567 | $2,666,816 | $3,255 | $2,663,561 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $180,839
- Membership dues
- $171,000
- Program service revenue
- $47,875
- Investment income
- $89,306
- Royalties
- $261
- Net gain from sales of assets
- $10,157
- Other revenue
- $3,559
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,000
- Salaries, compensation and benefits (total)
- $32,617
- Professional fundraising fees
- $0
- Accounting fees
- $30,620
- Travel
- $22,907
- Program services (functional)
- $201,714
- Management and general (functional)
- $80,846
- Fundraising (functional)
- $6,138
Balance sheet and other
- Total assets, start of year
- $2,666,816
- Total assets, end of year
- $2,845,350
- Total liabilities, end of year
- $7,608
- Net assets, end of year
- $2,837,742
- Publicly traded securities
- $970,956
- Net assets without donor restrictions
- $1,378,238
- Net assets with donor restrictions
- $1,459,504
- Gross receipts
- $683,311
- Employees
- 1
- Year formed
- 2004
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAISY MACHADO | Executive Dir. Officer | 9.5 | $30,000 |
| STEVEN J SCHWEITZER | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Mayra Picos-Lee | CHAIR Trustee or director, Officer | 1 | $0 |
| Yara Gonzlez-Justiniano | Secretary Trustee or director, Officer | 0.6 | $0 |
| CATHIE KELSEY | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Hugo Magallanes | BOARD MEMBER Trustee or director | 0.6 | $0 |
| ANGEL GALLARDO | BOARD MEMBER Trustee or director | 0.6 | $0 |
| O Ernesto Valiente | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Christian Sanchez | BOARD MEMBER Trustee or director | 0.6 | $0 |
| DANIEL AUCUTT | BOARD MEMBER Trustee or director | 0.6 | $0 |
| David Vsquez-Levy | BOARD MEMBER Trustee or director | 0.6 | $0 |
| LIZETTE ACOSTA | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Alma Tinoco Ruiz | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Melinda McGarrah Sharp | BOARD MEMBER Trustee or director | 0.6 | $0 |
| ADRIAN EMMANUEL HERNANDEZ-ACOS | BOARD MEMBER Trustee or director | 0.6 | $0 |
25 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Francisco Lozada Jr | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| Antonio Frietze | BOARD MEMBER Trustee or director | 0.6 | $0 |
| EMMA ESCOBAR | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Sarah Azaransky | BOARD MEMBER Trustee or director | 1 | $0 |
| JOANNE SOLIS-WALKER | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Andy Dreitcer | BOARD MEMBER Trustee or director | 0.6 | $0 |
| BENJAMIN HALL | BOARD MEMBER Trustee or director | 0.6 | $0 |
| ARMIDA BELMONTE STEPHENS | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Sammy Arroyo | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Fr Jos Gonzlez | BOARD MEMBER Trustee or director | 0.6 | $0 |
| LESLIE DIAZ-PEREZ | BOARD MEMBER Trustee or director | 1 | $0 |
| Jos Francisco Morales Torres | BOARD MEMBER Trustee or director | 0.6 | $0 |
| RAFAEL MALPICA PADILLA | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Jonathan Tennial | BOARD MEMBER Trustee or director | 0.6 | $0 |
| LELIA FRY | Treasurer Trustee or director, Officer | 0.6 | $0 |
| HECTOR M VARELA RIOS | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Becky Ruvalcaba | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Edwin Aponte | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Angel D Santiago-Vendrell | BOARD MEMBER Trustee or director | 0.6 | $0 |
| TIMOTHY VAN METER | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Pedro Miranda | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Kristen Largen | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Rady Roldan-Figueroa | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Denise Morita | BOARD MEMBER Trustee or director | 0.6 | $0 |
| JESSICA ANSCHUTZ | BOARD MEMBER Trustee or director | 0.6 | $0 |
990 for the year ended September 30, 2024: 39 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAISY MACHADO | Executive Dir. Officer | 9.5 | $24,375 |
| STEVEN J SCHWEITZER | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Mayra Picos-Lee | CHAIR Trustee or director, Officer | 1 | $0 |
| ELLEN ARMOUR | BOARD MEMBER Trustee or director | 0.6 | $0 |
| ELY PRIETO | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Hugo Magallanes | BOARD MEMBER Trustee or director | 0.6 | $0 |
| ANGEL GALLARDO | BOARD MEMBER Trustee or director | 0.6 | $0 |
| O Ernesto Valiente | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Rubn Arjona | BOARD MEMBER Trustee or director | 0.6 | $0 |
| DANIEL AUCUTT | BOARD MEMBER Trustee or director | 0.6 | $0 |
| David Vsquez-Levy | BOARD MEMBER Trustee or director | 0.6 | $0 |
| LIZETTE ACOSTA | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Alma Tinoco Ruiz | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Melinda McGarrah Sharp | BOARD MEMBER Trustee or director | 0.6 | $0 |
| ADRIAN EMMANUEL HERNANDEZ-ACOS | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Francisco Lozada Jr | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ROBERT WRIGHT | BOARD MEMBER Trustee or director | 0.6 | $0 |
| EMMA ESCOBAR | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Sarah Azaransky | Treasurer Trustee or director, Officer | 1 | $0 |
| JOANNE SOLIS-WALKER | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Andy Dreitcer | BOARD MEMBER Trustee or director | 0.6 | $0 |
| BENJAMIN HALL | BOARD MEMBER Trustee or director | 0.6 | $0 |
| ARMIDA BELMONTE STEPHENS | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Joanne Rodriguez | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Fr Jos Gonzlez | BOARD MEMBER Trustee or director | 0.6 | $0 |
| LESLIE DIAZ-PEREZ | Secretary Trustee or director, Officer | 1 | $0 |
| Jos Francisco Morales Torres | BOARD MEMBER Trustee or director | 0.6 | $0 |
| RAFAEL MALPICA PADILLA | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Elizabeth Gandolfo | BOARD MEMBER Trustee or director | 0.6 | $0 |
| LELIA FRY | BOARD MEMBER Trustee or director | 0.6 | $0 |
| HECTOR M VARELA RIOS | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Becky Ruvalcaba | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Edwin Aponte | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Nancy Frausto | BOARD MEMBER Trustee or director | 0.6 | $0 |
| TIMOTHY VAN METER | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Pedro Miranda | BOARD MEMBER Trustee or director | 0.6 | $0 |
| Kristen Largen | BOARD MEMBER Trustee or director | 0.6 | $0 |
| RANDY ROLDAN-FIGUEROA | BOARD MEMBER Trustee or director | 0.6 | $0 |
| TRACY RIGGLE YOUNG | BOARD MEMBER Trustee or director | 0.6 | $0 |
Address and contacts
- Address (IRS master file)
- 42 TIEMANN PL STE 310, NEW YORK, NY 10027-3305
- In care of
- % DAISY MACHADO
- Signed the 990
- DAISY MACHADO, Executive Director
- Phone
- (646) 389-8447
- Return prepared by
- Gruber Palumberi Raffaele Fried CPAs PC
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 accomplishments
- The Hispanic Scholars Program is a nonprofit organization of theological education that offers educational, professional development, and mentorship programs to those supporting the next generation of leaders who accompany Hispanic/Latine communities. There are currently around 38 schools ("Sponsors") the HSP partners with in fulfilling this mission. 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 students enrolled in theological seminaries and university departments of theology or religion.In fiscal year 2025, the HSP offered six 3-credit courses. We had 40 participants from the U.S., representing a wide variety of traditions, denominations, and theological perspectives. The HSP provides the opportunity for students to study with peers and professors of a variety of backgrounds who are committed to the Hispanic/Latine community in the United States.Expenses $113,950 · revenue $34,375
- El SemilleroEl Semillero was offered for the fourth time in FY 2025 and 11 participants attended. Practitioners committed to the Hispanic/Latine community 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 theological leaders with practical tools that will help them build sustainable and equitable institutions that can positively impact the Hispanic/Latine community in the United States for generations to come.Expenses $48,758 · revenue $7,500
- OTHER PROGRAMS:Through Hispanic Eyes (THE) is a cultural competency training program that HSP has facilitated for over two decades. Participants in this workshop are institutional leaders who come together to learn about the particularities of the Latine/Hispanic experience in university and seminary programs. This program overlaps with our Summer Session program so THE participants have the opportunity to engage graduate students in higher and theological education from across institutional contexts. T.H.E. seeks to engage and gather in constructive and critical conversations with seminary presidents, academic deans, faculty, as well as those very important staff members who work with students, admissions officers and student life directors.In fiscal year 2025, 8 participants attended this program.Expenses $39,006 · revenue $6,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 38-3708943
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99)
- Assets (IRS master file)
- $2,845,350
- Income (IRS master file)
- $683,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | – | – | – | IRS |
| 990 | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $294,850 | $155,555 | $1,783,780 | IRS |
| 990 | September 2022 | $243,423 | $85,568 | $1,566,133 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990 | September 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about HISPANIC SCHOLARS PROGRAM
- What is the EIN of HISPANIC SCHOLARS PROGRAM?
- The employer identification number (EIN) of HISPANIC SCHOLARS PROGRAM is 38-3708943.
- Is HISPANIC SCHOLARS PROGRAM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to HISPANIC SCHOLARS PROGRAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HISPANIC SCHOLARS PROGRAM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HISPANIC SCHOLARS PROGRAM due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HISPANIC SCHOLARS PROGRAM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of HISPANIC SCHOLARS PROGRAM?
- The 990 for the year ended September 30, 2025 lists 40 people; 1 received compensation from the organization, the highest $30,000 (DAISY MACHADO, Executive Dir.).
- How much revenue does HISPANIC SCHOLARS PROGRAM have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $321,579, expenses of $288,698 and total assets of $2,845,350 at year end.
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