Fernando Almodovar is the Chief Financial Officer and Chief Operating Officer of the Hispanic Scholarship Fund. He has oversight responsibility for HSF’s finance and accounting activities, grants management, risk management, and human resources functions, as well as the organization’s operations and office, across all functions. He also works closely with the President & CEO, the other members of HSF’s executive team, and the Finance Committee of the Board of Directors to ensure that the organization is strategically positioned to fulfill the organization’s missions and goals in advancing higher education for the Hispanic community today and in the future.
Prior to joining HSF, he was the Vice President of Finance and Accounting for Los Angeles Universal Preschool (LAUP) from 2005 through June 2012, a non-profit that funds quality preschool for over 11,000 four-year-olds per year. While there, he led a staff of 15 employees responsible for finance, accounting, treasury, compliance, and risk management functions. He was instrumental increasing revenues from $6 million per year to over $70 million per year.
Mr. Almodovar’s private sector experience includes leadership at a subsidiary of Home Depot, where he served as the Director of Finance and Controller. He also worked at Mattel, Inc. in the Internal Audit Department and in the Operations Finance Division. Because of his bilingual ability, Fernando’s work took him to Mexico, Venezuela, Colombia, Chile, and Argentina. He worked as a liaison between the Mexico manufacturing plants and corporate headquarters.
Prior to Mattel, Inc., Mr. Almodovar worked for Grant Thornton, LLP, the fifth largest CPA firm in the country, where he worked for clients in industries including manufacturing, banking, and for various organizations in the non-profit sector.
Mr. Almodovar is a Certified Public Accountant in California, holds a Bachelor’s Degree in Accounting from California State University, Fullerton and a Master’s in Business Administration from Loyola Marymount University with a concentration in Finance with an International Certification. He also serves on the board of the South Central Family Health Center as chair of the Finance Committee.
While serving at Grant Thornton, Mr. Almodovar became increasingly aware of how few Hispanics were working in professional fields. That realization marked the beginning of a journey that ultimately led Mr. Almodovar to join HSF, an organization where he can make a difference in the number of Hispanic professionals who are part of the American workforce.
Working at HSF is like a dream come true, in that I’m able to contribute to an organization that has such a great impact in the lives of Hispanic scholars. Most of the scholars we are supporting were just like me, first generation college students with minimal resources and guidance. The work we do at HSF increases the chances that our HSF Scholars will be the doctors, lawyers, engineers, CEOs and CFOs of tomorrow -- the future leaders of our country.