Croatian Scholarship Fund
Nonprofit profile at a glance
- EIN
- 680231056
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025, Form 990-EZ 2011
- Location
- San Ramon, CA, USA
- Phone
- 5303928467
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $366,200
- Expenses
- $451,939
- Assets
- $5,966,607
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Barbara Jagiello (President)
- Bill Cumbelich (Vice President)
People named in this filing
- Barbara Jagiello (President)
- Bill Cumbelich (Vice President)
- Vera Duplan (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 75
- Accountability: 88
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.1%; rating input score 95
- Fundraising efficiency: $15.53 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -23.4%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 13.2; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 12.5% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 14.7% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.1% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $430K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 14 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
- High — Sustainability: Operating margin scored 10/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.