Massachusetts Hispanic Scholarship Fund, Inc.
Massachusetts Hispanic Scholarship Fund, Inc.
EIN: 84-3291107
as of September 2024
as of September 09, 2024
Programs and results
What we aim to solve
The goal of the Massachusetts Hispanic Scholarship Fund is to address some of the most challenging issues Hispanic students and families face in navigating scholarships while providing an impactful scholarship of its own. As a 501 c3 charitable organization we seek to work with high schools in the Commonwealth that have the largest Hispanic communities with the greatest need.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Scholarship Program
1. Annual $4,000 scholarship for a 4-year college or $2,000 scholarship for a 2-year college starting with a single applicant, commencing with the 2022-2023 class
2. Focus is on Hispanic High School Seniors attending an accredited two or four-year college or university starting in the Fall of the same year as the award
3. Rotated across key Massachusetts cities/towns each year via high school awards night working in conjunction with the HS
4. Targeting the largest Hispanic communities with the greatest need.
Criteria:
-Must be a graduating senior
-Must be at least one-quarter Hispanic/Latino
-Attending an accredited two or four-year college or university
-Complete 300-500 word personal statement essay
-Meet GPA requirement
-Demonstrate financial need
-Undocumented or DACA-eligible students accepted
High School Outreach & Education
As part of the above scholarship, outreach to the focused high school on some key scholarships that are often underrepresented or unknown, but are fairly simple to apply and attain. The idea is to work with guidance counselors and set up information sessions for parents/guardians and students on key Hispanic scholarships to consider including:
Seniors, Fall: Massachusetts Hispanic Scholarship Fund
Juniors, September/October: College Board’s National Hispanic Recognition Program
Juniors & Seniors, Fall & Spring: Hispanic Heritage Foundation, Youth Awards
Juniors, Seniors & Enrolled College Students: Hispanic Scholarship Fund (HSF)
Juniors & Seniors: Other Scholarships
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of parents/guardians engaged in student activities
This metric is no longer tracked.Totals By Year
Population(s) Served
Adolescents, People of Latin American descent, Economically disadvantaged people, Immigrants and migrants, Young adults
Related Program
High School Outreach & Education
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Program does not begin until 2022.
Number of links and collaborations with external organizations that support student learning and its priority tasks
This metric is no longer tracked.Totals By Year
Population(s) Served
Young adults, Adolescents, People of Latin American descent, Economically disadvantaged people, Immigrants and migrants
Related Program
Scholarship Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Program does not begin until 2022.
Number of first-time, full-time, first-year registrants in direct entry programs who graduate within 6 years
This metric is no longer tracked.Totals By Year
Population(s) Served
Young adults, Adolescents, People of Latin American descent, Economically disadvantaged people, Immigrants and migrants
Related Program
Scholarship Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Program does not begin until 2022. First scholarships delivered to high school students in 2022-2023.
Total dollar amount of scholarship awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Adolescents, Young adults, People of Latin American descent, Economically disadvantaged people, Immigrants and migrants
Related Program
Scholarship Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Program does not begin until 2022-2023 School year. Donation to be disbursed on May 2023.
Number of students who receive scholarship funds and/or tuition assistance
This metric is no longer tracked.Totals By Year
Population(s) Served
Adolescents, Young adults, People of Latin American descent, Economically disadvantaged people, Immigrants and migrants
Related Program
Scholarship Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Program does not begin until 2022. Scholarships were first delivered at the end of the 2022-2023 school year.
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Our goals are achieved across two programs:
Scholarship Program
-Annual $4,000 scholarship for a 4-year college or $2,000 scholarship for a 2-year college starting with a single applicant, commencing with the 2022-2023 class
-Focus is on Hispanic High School Seniors attending an accredited two or four-year college or university starting in the Fall of the same year as the award
-Rotated across key Massachusetts cities/towns each year via high school awards night working in conjunction with the HS
-Targeting the largest Hispanic communities with the greatest need including but not limited to: Lawrence, Chelsea, Holyoke, Springfield, Lynn, Revere, Southbridge, Methuen, Fitchburg, Everett, Boston and Framingham
-Criteria:
*Must be a graduating senior
*Must be at least one-quarter Hispanic/Latino
*Attending an accredited two or four-year college, university or vocational school
*Complete 300-500 word personal statement essay
*Meet GPA requirement
*Demonstrate financial need
*Undocumented or DACA-eligible students accepted
High School Outreach & Education
As part of the above scholarship, outreach to the focused high school on some key scholarships that are often underrepresented or unknown, but are reasonable to complete and valuable to achieve. The idea is to work with guidance counselors and set up information sessions for parents/guardians and students on key Hispanic scholarships to consider including:
-Seniors, Fall: Massachusetts Hispanic Scholarship Fund
-Juniors, September/October: College Board’s National Hispanic Recognition Program
-Juniors & Seniors, Fall & Spring: Hispanic Heritage Foundation, Youth Awards
-Juniors, Seniors & Enrolled College Students: Hispanic Scholarship Fund (HSF)
-Juniors & Seniors: Other Scholarships
What are the organization's key strategies for making this happen?
Our strategy is about focusing on the largest High School Hispanic communities with the greatest need in the Commonwealth of Massachusetts with providing an outreach and education program and an impactful scholarship. We will be equitable as we will rotate across the state to the High Schools meeting this criteria, so to represent the entire Commonwealth and touch as many as we can. A two-pronged approach of education and an impactufl scholarship we believe to be extremely valuable to this underserved community.
What are the organization's capabilities for doing this?
Our simplistic yet effective approach allows for us to be targeted each year on a particular community with a strong need. We are extremely focused, without trying to do too much, yet feel we have a local and extremely impactful approach to Hispanic students and their families. Our board members include those that are part of the Hispanic community and have more than 20 years experience in working similar functions around the areas of education and providing scholarships, with excellent communication and fundraising skills. With a successful track record in previous charitable organization and a focused approach, we expect to be successful on a yearly basis.
What have they accomplished so far and what's next?
The Massachusetts Hispanic Scholarship Fund thus far as seen the following progress:
-Reformed the organization, completed legal documentation and maintained our 501 c3 charitable status
-Built a strong capable board
-Secured funding from sponsors to sustain Year 1 through 2025
-Secured strategic partners to further spread the message
-Confirmed first high school to work with in 2022-2023 school year
-Added additional high school in 2023-2024
What is next and being worked done:
-Bi-annual website, social networks update by June 2024
-Additional partnerships announced throughout 2024
-Fundraising for 2024-2025 school year and beyond
-Publicity, outreach and visibility in the communities we represent
Financials
Financial data
Massachusetts Hispanic Scholarship Fund, Inc.
Revenue & expensesFiscal Year: 2023
SOURCE: Self-reported by organization
Revenue | |
---|---|
Contributions, Grants, Gifts | $6,000 |
Program Services | $0 |
Membership Dues | $0 |
Special Events | $0 |
Other Revenue | $0 |
Total Revenue | $13,140 |
Expenses | |
---|---|
Program Services | $0 |
Administration | $0 |
Fundraising | $0 |
Payments to Affiliates | $0 |
Other Expenses | $0 |
Total Expenses | $0 |
Massachusetts Hispanic Scholarship Fund, Inc.
Balance sheetFiscal Year: 2023
SOURCE: Self-reported by organization
Assets | |
---|---|
Total Assets | $20,500 |
Liabilities | |
---|---|
Total Liabilities | $0 |
Fund balance (EOY) | |
---|---|
Net Assets | $20,500 |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Principal Officer
Stephen Drake
There are no officers, directors or key employees recorded for this organization
There are no highest paid employees recorded for this organization.
Massachusetts Hispanic Scholarship Fund, Inc.
Board of directorsas of 06/05/2024
Board of directors data
Stephen Drake
Cecilia Rosario Drake
Brianna Rosario Drake
Organizational demographics
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Leadership
The organization's leader identifies as: