GOLD2023

Hendrick Scholarship Foundation

Success Through Education

Plano, TX   |  www.hendrickscholarship.org
GuideStar Charity Check

Hendrick Scholarship Foundation

EIN: 75-2376396


Mission

The Hendrick Scholarship Foundation (HSF) provides Plano ISD graduates who have overcome adversity with scholarship and support services to promote success in life,

Ruling year info

1991

Director

Ms. Marta Lilly

Main address

850 Central Parkway East Suite 120

Plano, TX 75074 USA

Show more contact info

Formerly known as

Hendrick Academy of Honor

EIN

75-2376396

Subject area info

Higher education

Youth organizing

Population served info

Children and youth

Adolescents

Young adults

Economically disadvantaged people

Low-income people

Show more populations served

NTEE code info

Youth Development Programs (O50)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Hendrick Scholarship Program

Hendrick Scholarship Program provides multi-year college scholarships to underprivileged students who have persevered to overcome adversity in order to graduate from high school and who dream of going to college. Students also receive educational planning, career guidance, mentoring, life skills workshops, and referrals to resources to meet basic living needs.

Population(s) Served
Young adults
Economically disadvantaged people

Where we work

Awards

Dr. Myrtle HIghtower Diversity Leadership Award 2023

Plano ISD

Affiliations & memberships

Plano Chamber of Commerce Community Partner of the year 2019

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback

Financials

Hendrick Scholarship Foundation
Fiscal year: Jan 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990

0.00

Average of 4.81 over 10 years

Months of cash in 2021 info

SOURCE: IRS Form 990

33.4

Average of 10.7 over 10 years

Fringe rate in 2021 info

SOURCE: IRS Form 990

8%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Hendrick Scholarship Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Hendrick Scholarship Foundation

Balance sheet

Fiscal Year: Jan 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Hendrick Scholarship Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Hendrick Scholarship Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation -$45,869 -$165,385 -$109,381 -$45,243 $124,544
As % of expenses -11.9% -35.2% -27.6% -13.7% 90.5%
Unrestricted surplus (deficit) after depreciation -$46,173 -$169,748 -$109,461 -$50,943 $124,544
As % of expenses -12.0% -35.8% -27.6% -15.2% 90.5%
Revenue composition info
Total revenue (unrestricted & restricted) $345,719 $288,772 $302,175 $280,128 $259,236
Total revenue, % change over prior year 15.1% -16.5% 4.6% -7.3% -7.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 5.4% 3.4% 1.5% 1.5% 0.2%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 78.2% 110.0% 82.9% 98.5% 99.8%
Other revenue 16.4% -13.4% 15.6% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $386,065 $469,743 $396,896 $330,454 $137,692
Total expenses, % change over prior year 40.4% 21.7% -15.5% -16.7% -58.3%
Personnel 44.6% 40.3% 39.7% 32.8% 20.1%
Professional fees 7.9% 4.0% 4.2% 12.5% 14.4%
Occupancy 0.0% 0.0% 0.0% 7.1% 8.9%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 31.2% 37.1% 40.0% 39.5% 49.7%
All other expenses 16.4% 18.6% 16.1% 8.1% 6.9%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $386,369 $474,106 $396,976 $336,154 $137,692
One month of savings $32,172 $39,145 $33,075 $27,538 $11,474
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $8,563 $0 $0 $0
Total full costs (estimated) $418,541 $521,814 $430,051 $363,692 $149,166

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 3.8 1.4 10.3 10.5 33.4
Months of cash and investments 19.5 11.5 10.3 10.5 33.4
Months of estimated liquid unrestricted net assets 19.4 11.5 10.3 10.2 35.3
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $122,671 $55,621 $339,682 $290,178 $383,092
Investments $506,119 $393,522 $0 $0 $0
Receivables $0 $0 $0 $6,050 $0
Gross land, buildings, equipment (LBE) $3,176 $7,376 $7,376 $5,700 $5,700
Accumulated depreciation (as a % of LBE) 100.0% 43.1% 43.1% 100.0% 100.0%
Liabilities (as a % of assets) 1.4% 0.0% 0.0% 2.8% 0.0%
Unrestricted net assets $0 $0 $0 $280,568 $405,112
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $7,288 $4,288
Total net assets $623,091 $453,343 $343,882 $287,856 $409,400

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Director

Ms. Marta Lilly

Number of employees

Source: IRS Form 990

Hendrick Scholarship Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Hendrick Scholarship Foundation

Board of directors
as of 12/04/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

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Community Volunteer

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 11/27/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 11/27/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser