2023-01-12T00:00:00-06:00 2022-06-30 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2021-07-01 841582086 POINT FOUNDATION POIN 8338876462 6230 WILSHIRE BOULEVARD A PMB 890 LOS ANGELES CA 90048 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 8338876462 2022-12-19 1 JORGE VALENCIA 999009999 LIZBETH G NEVAREZ P01399868 3108731600 2022-12-15 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z JORGE VALENCIA 6230 WILSHIRE BOULEVARD A PMB 890 LOS ANGELES CA 90048 15798289 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 28 28 24 310 0 0 8644333 5859451 0 0 228805 357756 -137569 -237964 8735569 5979243 894178 1273446 0 0 2012502 2504123 72000 72000 534753 1335693 1024117 4314373 4873686 4421196 1105557 15285214 15200510 382591 499909 14902623 14700601 X POINT FOUNDATION EMPOWERS PROMISING LGBTQ STUDENTS TO ACHIEVE THEIR FULL ACADEMIC AND LEADERSHIP POTENTIAL - DESPITE THE OBSTACLES OFTEN PUT BEFORE THEM - TO MAKE A SIGNIFICANT IMPACT ON SOCIETY. 0 0 2301467 1105641 0 SCHOLARSHIP & SCHOLAR SUPPORT: AS OF JUNE 2022, POINT FOUNDATION (POINT) HAS AWARDED OR WILL AWARD 1481 SCHOLARSHIPS AND HAS INVESTED MORE THAN $47 MILLION IN OUR LGBTQ SCHOLARS. POINT FOUNDATION CURRENTLY AWARDS FOUR TYPES OF SCHOLARSHIPS: OUR TRADITIONAL FLAGSHIP SCHOLARSHIP FOR STUDENTS PURSUING BACHELOR'S, GRADUATE, OR PROFESSIONAL DEGREES, COMMUNITY COLLEGE SCHOLARSHIPS, BIPOC SCHOLARSHIPS (SPECIFICALLY FOR BLACK, INDIGENOUS AND PEOPLE OF COLOR) AND OPPORTUNITY GRANTS. ALL SCHOLARSHIP PROGRAMS PROVIDE FINANCIAL ASSISTANCE. IN ADDITION, THE FLAGSHIP, COMMUNITY COLLEGE, AND BIPOC SCHOLARSHIPS INCLUDE PROGRAMMING DESIGNED TO SUPPORT STUDENT SUCCESS BY PROVIDING A COMMUNITY OF LGBTQ STUDENTS AND ALUMNI, A MENTOR OR COACH, AND COMPREHENSIVE LEADERSHIP TRAINING. BY ENSURING THESE LGBTQ STUDENTS HAVE THE FINANCIAL RESOURCES, COMMUNITY, AND GUIDANCE TO SUCCEED IN HIGHER EDUCATION, POINT FOUNDATION IS BUILDING A GENERATION OF LEADERS COMMITTED TO BOTH PERSONAL ACHIEVEMENT AND INCREASING ACCEPTANCE AND UNDERSTANDING ACROSS SOCIETY.DURING THE 2021-2022 ACADEMIC YEAR, POINT FOUNDATION SUPPORTED 403 STUDENTS INCLUDING 59 POINT FLAGSHIP SCHOLARS, 58 COMMUNITY COLLEGE SCHOLARSHIP RECIPIENTS, 236 BIPOC SCHOLARS AND 102 OPPORTUNITY GRANT RECIPIENTS. AS A CHAMPION FOR EQUAL ACCESS TO HIGHER EDUCATION, POINT FOUNDATION IS PROUD THAT MANY POINT SCHOLARS ARE FROM GROUPS TRADITIONALLY UNDERREPRESENTED ON COLLEGE CAMPUSES. OF THE 403 POINT SCHOLARS: 84% IDENTIFY AS A RACIAL OR ETHNIC GROUP OTHER THAN WHITE; 24% IDENTIFY AS TRANSGENDER OR NON-BINARY; AND 55% ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE.RESEARCH FROM THE NATIONAL MENTORING RESEARCH CENTER PROVIDES EVIDENCE THAT AFFIRMING MENTORING RELATIONSHIPS PROMOTE POSITIVE EDUCATIONAL OUTCOMES FOR LGBTQ YOUTH. POINT'S COMMITMENT TO OFFERING OUR SCHOLARS ACCESS TO MENTORING AND COACHING STARTS WITH PROVIDING FACILITATED TRAINING ON BEST PRACTICES IN LGBTQ MENTORING AND COACHING AT THE BEGINNING OF THE YEAR AND YEAR-END TRAININGS ABOUT DEEPENING THE MENTORING RELATIONSHIP WITH CONTINUING SCHOLARS OR SHIFTING TO AN INFORMAL MENTORING RELATIONSHIP WITH GRADUATING SCHOLARS.ALL 59 FLAGSHIP SCHOLARS WERE MATCHED WITH INDIVIDUAL MENTORS IN RELEVANT ACADEMIC OR PROFESSIONAL FIELDS. IN AGGREGATE, MENTORS AND SCHOLARS MET AN ESTIMATED 700 TIMES. ALL 58 COMMUNITY COLLEGE SCHOLARS WERE MATCHED WITH INDIVIDUAL COACHES TO SUPPORT THEIR ACADEMIC PROGRESS, PROFESSIONAL DEVELOPMENT, AND TRANSFER APPLICATIONS (AS APPROPRIATE). IN AGGREGATE, 232 COACHING SESSIONS TOOK PLACE IN 2021-22. THROUGH AN EXCLUSIVE ONLINE PORTAL, POINT PROVIDES ITS BIPOC SCHOLARS AND OPPORTUNITY GRANT RECIPIENTS WITH YEAR-ROUND ACCESS TO A GROUP OF LGBTQ PROFESSIONALS AND ALLIES WHO SHARE THEIR INSIGHTS, TIPS FOR SUCCESS, AND ANSWER QUESTIONS. BIPOC SCHOLARS ALSO BENEFITTED FROM TWO EXPERT COACHING PANEL DISCUSSIONS FOCUSED ON THE INTERSECTIONAL EXPERIENCES OF LGBTQ BIPOC STUDENTS. ONE SESSION OFFERED STRATEGIES FOR NAVIGATING ACADEMIC SPACES AND THE SECOND PROVIDED RESOURCES FOR MENTAL HEALTH AND WELLNESS. 1198755 167805 0 LEADERSHIP DEVELOPMENT: WHILE POINT CONTINUED TO UTILIZE ZOOM TO PRESENT MOST PROGRAMMING IN 2021-2022, THIS YEAR WE WERE ABLE TO HOST THE NATIONAL LEADERSHIP CONFERENCE IN PERSON. 64 FLAGSHIP SCHOLARS JOINED POINT ALUMNI, BOARD MEMBERS, AND STAFF IN LOS ANGELES FOR THE TWO-DAY NLC THEMED "BUILDING COMMUNITY, RISING TOGETHER." FACILITATED SESSIONS INCLUDED GROUP ACTIVITIES CLARIFYING SCHOLARS' INDIVIDUAL LEADERSHIP VALUES; HOLISTIC SELF-EXPLORATION OF HEALTH AND WELL-BEING THROUGH STRUCTURED REFLECTION ON WELLNESS IN FIVE DIFFERENT DOMAINS; RETHINKING EXPERIENCES OF IMPOSTER SYNDROME AND GENERATING HEALTHY RESPONSES AND SOLUTIONS; AND A QUEER CAREER ROUNDTABLE SESSION ALLOWING SCHOLARS TO LEARN FIRST-HAND FROM THE EXPERIENCES OF POINT ALUMNI IN THE FIELDS OF LAW AND POLICY, MEDICINE AND HEALTH SCIENCES, MEDIA AND COMMUNICATION, TECHNOLOGY AND BUSINESS, AND ACADEMIA.ALONG WITH VIRTUAL OR IN-PERSON ORIENTATIONS, ONE-ON-ONE STAFF CHECK-IN MEETINGS WITH ALL CURRENT SCHOLARS, OTHER LEADERSHIP PROGRAMMING INCLUDED THE COMMUNITY COLLEGE CONFERENCE WHERE 33 COMMUNITY COLLEGE SCHOLARS CONVENED VIRTUALLY WITH SEASONED EXPERTS THAT SHARED CRITICAL SKILLS TO HELP STUDENTS TRANSFER TO A FOUR-YEAR UNIVERSITY AND NAVIGATE THE JOB MARKET. SESSIONS INCLUDED TRANSFER 101, UNDERSTANDING FINANCIAL AID, PERSONAL STATEMENT WRITING, EFFECTIVE INTERVIEWING, AND RESUME WRITING 101. ADDITIONAL PROGRAMMING FEATURED A SCHOLAR BOOK CLUB FOR THOSE INTERESTED IN DISCUSSING LGBTQ BOOKS; AN ALUMNI HAPPY HOUR IN LOS ANGELES FOR POINT ALUMNI TO RECONNECT WITH EACH OTHER; AND A VIRTUAL "COLLEGE READY" WORKSHOP FOR COLLEGE-BOUND LGBTQ HIGH SCHOOL STUDENTS.THIS YEAR AND EVERY YEAR OUR PRIORITY IS SERVING OUR STUDENTS, ENABLING THEM TO FULFILL THEIR ACADEMIC GOALS AND, RECOGNIZING THAT LGBTQ PEOPLE ARE UNDERREPRESENTED IN LEADERSHIP ROLES IN ALMOST EVERY INDUSTRY, BECOME THE LEADERS OF TOMORROW. 435524 0 0 SCHOLAR SELECTIONS:THE FLAGSHIP SCHOLARSHIP APPLICATION OPENED NOVEMBER 1, 2021, AND CLOSED JANUARY 24, 2022. WE RECEIVED 1,668 APPLICATIONS. OF THESE, 731 ADVANCED TO THE SEMIFINAL ROUND AND WERE ASKED TO SUBMIT ADDITIONAL MATERIALS. 83 SEMIFINALISTS WERE INVITED TO INTERVIEW, AND 54 CANDIDATES ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED TWO RECORDED PRESENTATIONS ABOUT THEIR ACADEMIC INTERESTS, LEADERSHIP, AND SERVICE. ULTIMATELY, 42 CANDIDATES WERE SELECTED AS POINT SCHOLARS (26 UNDERGRADUATE AND 16 GRADUATE/PROFESSIONAL). THE COMMUNITY COLLEGE SCHOLARSHIP APPLICATION OPENED MARCH 1, 2022, AND CLOSED MAY 9, 2022. WE RECEIVED 181 APPLICATIONS. OF THESE, 118 ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED A RECORDED PRESENTATION OF THEIR PASSIONS AND ACADEMIC AND PROFESSIONAL GOALS. ULTIMATELY, 80 CANDIDATES WERE SELECTED AS COMMUNITY COLLEGE SCHOLARS.WE RUN TWO SELECTION CYCLES PER YEAR FOR THE BIPOC SCHOLARSHIP. THE FIRST CYCLE OPENED OCTOBER 1, 2021, AND CLOSED NOVEMBER 10, 2021. WE RECEIVED 332 APPLICATIONS. OF THESE, 96 ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED A RECORDED PRESENTATION OF THEIR PASSIONS AND ACADEMIC AND PROFESSIONAL GOALS. ULTIMATELY, 81 CANDIDATES WERE SELECTED AS BIPOC SCHOLARS.THE SECOND CYCLE OPENED APRIL 1, 2022, AND CLOSED MAY 11, 2022. WE RECEIVED 500 APPLICATIONS. BASED ON EVALUATION OF PAST CYCLES, WE DECIDED TO PILOT A SIMPLIFIED VERSION OF THE PROCESS, INCORPORATING A BIOGRAPHICAL ESSAY INTO THE APPLICATION AND ELIMINATING THE FINALIST PRESENTATION. RECIPIENTS WERE SELECTED BASED ON APPLICATION RATINGS. ULTIMATELY, 106 CANDIDATES WERE SELECTED AS BIPOC SCHOLARS.OPPORTUNITY GRANT RECIPIENTS DO NOT APPLY; INSTEAD, WE SELECT HIGHLY RATED FLAGSHIP AND COMMUNITY COLLEGE APPLICANTS THAT ADVANCED TO THE SEMIFINALIST AND FINALIST ROUNDS BUT DID NOT RECEIVE ONE OF THOSE SCHOLARSHIPS. WE AWARDED 118 OPPORTUNITY GRANTS IN TOTAL: 38 FROM THE COMMUNITY COLLEGE APPLICANT POOL AND 80 FROM THE FLAGSHIP POOL. 3935746 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 24 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA AL AK AZ AR CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X X SCOTT ARNESON 3239331234 6230 WILSHIRE BLVD SUITE A PMB 890 LOS ANGELES CA 90048 ALAN GUNO CHAIR EMERITUS 6.00 X X 0 0 0 PETER LICHTENTHAL CO-CHAIR 6.00 X X 0 0 0 JEN WOHLNER CO-CHAIR 6.00 X X 0 0 0 BRIAN DENT CO-VICE CHAIR & TREASURER 6.00 X X 0 0 0 CELINA GERBIC SECRETARY 6.00 X X 0 0 0 JAMES WILLIAMS CHAIR EMERITUS (UNTIL JULY 2021) 3.00 X X 0 0 0 AARON LEIFER BOARD MEMBER 3.00 X 0 0 0 ALEXIA KORBERG BOARD MEMBER 3.00 X 0 0 0 ANTHONY YU BOARD MEMBER 3.00 X 0 0 0 BEN HARMAN BOARD MEMBER 3.00 X 0 0 0 BEN KOZUB BOARD MEMBER 3.00 X 0 0 0 BRITTANY ELLENBERG BOARD MEMBER 3.00 X 0 0 0 CHRISTOPHER NIZER BOARD MEMBER 3.00 X 0 0 0 DIANA GRESHTCHUK BOARD MEMBER 3.00 X 0 0 0 EDDIE SANTOS BOARD MEMBER 3.00 X 0 0 0 GLENN EVANS BOARD MEMBER 3.00 X 0 0 0 JAKE ROSTOVSKY MA LMFT BOARD MEMBER (ON LEAVE) 3.00 X 0 0 0 JENNA GAMBARO BOARD MEMBER 3.00 X 0 0 0 JERRY ROJAS BOARD MEMBER 3.00 X 0 0 0 JIM HOLMES BOARD MEMBER 3.00 X 0 0 0 JIM PATTON BOARD MEMBER (UNTIL JULY 2021) 3.00 X 0 0 0 KELLY HORTON BOARD MEMBER 3.00 X 0 0 0 KEN THAXTON BOARD MEMBER (UNTIL JULY 2021) 3.00 X 0 0 0 MARIO ACOSTA-VELEZ BOARD MEMBER 3.00 X 0 0 0 MARNIE MERRIAM BOARD MEMBER 3.00 X 0 0 0 MATT BARBEY BOARD MEMBER 3.00 X 0 0 0 MICHELLE ADAMS BOARD MEMBER 3.00 X 0 0 0 NATHAN FRIEDMAN BOARD MEMBER 3.00 X 0 0 0 PAUL TESTA BOARD MEMBER 3.00 X 0 0 0 SARAH MADEY BOARD MEMBER 3.00 X 0 0 0 SEAN ROURKE BOARD MEMBER 3.00 X 0 0 0 SETH PERSILY BOARD MEMBER 3.00 X 0 0 0 STACEY SMITHERS BOARD MEMBER (ON LEAVE) 3.00 X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 70.00 X 331658 0 15857 SCOTT ARNESON CFO 50.00 X 177916 0 584 EDWARD T FARLEY DEPUTY EXECUTIVE DIRECTOR 50.00 X 176748 0 8192 EDWIN PELTO CHIEF DEVELOPMENT OFFICER 50.00 X 222440 0 12278 HECTOR D GARZA DEV DIR, ENGAGEMENT & ADVANCEMENT 40.00 X 128045 0 9020 ADAM D CROWLEY DEV DIR., INDIVIDUAL GIVING 40.00 X 126637 0 8631 DARRIN J WILSTED SENIOR PROGRAM DIRECTOR 40.00 X 106179 0 13375 SUSAN L FERRIS HUMAN RESOURCES & FINANCE DIRECTOR 40.00 X 100303 0 12278 1369926 0 80215 8 0 1 0 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW STE 301 WASHINGTON DC 20036 DIRECT MAIL AND OTHER SERVICES 131243 1 239079 5620372 112890 5859451 375289 375289 9480094 800 9497966 461 -17872 339 -17533 -17533 79560 239079 320619 -241059 -241059 OTHER INCOME 900099 3095 3095 3095 5979243 0 0 119792 1273446 1273446 988150 713619 119020 155511 1192769 861390 143667 187712 168335 121567 20276 26492 154869 111842 18654 24373 2072 2072 38350 38350 72000 72000 16927 16927 104372 84635 19737 144278 110322 13781 20175 76178 67792 6199 2187 17307 14458 1804 1045 11209 8901 786 1522 76085 65567 2528 7990 19740 16490 2058 1192 58920 49220 6141 3559 DIRECT MAILING COSTS 222433 218167 4266 0 PUBLIC AWARENESS/PROMO. 213758 200535 4134 9089 EVENTS EXPENSE 20649 17795 685 2169 1839 1839 4873686 3935746 403187 534753 561656 455975 1625863 1944571 3049084 1470643 26736 55324 92217 33982 25292 58235 9871723 11195566 124860 20196 15285214 15200510 382591 499909 382591 499909 X 5952613 5970922 8950010 8729679 14902623 14700601 15285214 15200510 X 1105557 -1255307 -52272 X X 0 1 X 1 0 X 3576268 3590366 4323699 8644333 5859451 25994117 3576268 3590366 4323699 8644333 5859451 25994117 1413391 24580726 271782 324220 315610 224226 375289 1511127 3095 3095 27508339 0.89360 0.85260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5156940 8738 -571810 100000 4493868 3549893 984897 672150 50000 5156940 3549267 1727 83899 85000 3549893 6334510 6911 189211 103433 2877932 3549267 6256043 9602 394524 325659 6334510 0.75640 0.24360 0 0 92217 33982 58235 58235 X 4692253 -1255307 37516 -52272 -1270063 5962316 16927 16927 5979243 4894275 37516 37516 4856759 16927 16927 4873686 PART V, LINE 4: THE PRIMARY LONG-TERM FINANCIAL OBJECTIVE FOR POINT'S ENDOWMENT IS TO PRESERVE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF ENDOWMENT ASSETS. BOARD-DESIGNATED FUNDS HAVE BEEN ESTABLISHED FOR: (1) A SCHOLARSHIP FUND WHOSE INCOME WILL BE USED TO ESTABLISH A RESERVE FOR FUNDING FUTURE SCHOLARSHIPS OR POSSIBLE MID-YEAR INCREASES IN SCHOLARSHIP AWARDS, AND (2) AN ADMINISTRATIVE RESERVE USED FOR COVERING POSSIBLE UNAVOIDABLE OPERATING DEFICITS. THE BOARD OF DIRECTORS (AFTER CONSIDERATION OF A RECOMMENDATION OF POINT'S FINANCE COMMITTEE) WILL GENERALLY CONSIDER A TARGET SPENDING POLICY EQUAL TO APPROXIMATELY 5% OF THE ENDOWMENT'S AVERAGE THREE-YEAR PORTFOLIO VALUE. DISTRIBUTIONS FROM THE ENDOWMENT ARE MADE AT THE DISCRETION OF POINT'S BOARD OF DIRECTORS, INCLUDING DECISIONS TO MAKE NO DISTRIBUTIONS FROM THE ENDOWMENT, IF APPROPRIATE. PART X, LINE 2: POINT RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED JUNE 30, 2022, POINT PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT -52,272. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 637949 72000 565949 637949 72000 565949 AL AK AZ AR CA CO CT DE FL GA HI ID IA KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY KS IN IL LA POINT HONORS 279513 199953 79560 58282 108948 89667 58253 DC TASTE OF POINT 33657 33657 1 5469 5469 5469 318639 239079 79560 58282 108948 89667 63722 320619 -241059 1 SCHOLARSHIP/STIPEND 409 1273446 FMV SHARED COST OF UNDIVIDED BILL PART I, LINE 2: APPLICANTS MUST COMPLETE AN ONLINE APPLICATION BY THE ANNOUNCED DEADLINE. THE APPLICATION INCLUDES SECTIONS FOR GENERAL, FAMILY AND CITIZENSHIP INFORMATION, ACADEMIC RECORD AND STANDARDIZED TEST SCORES, LEADERSHIP EXPERIENCE, LGBT COMMUNITY EXPERIENCE, FINANCIAL NEED, AND ESSAYS. EACH APPLICATION IS READ AND SCORED BY 2 TO 3 POINT FOUNDATION DIRECTORS, STAFF AND/OR PRE-QUALIFIED/APPROVED VOLUNTEERS. SCORES ARE BASED UPON RUBRICS DEVELOPED FOR THAT PURPOSE, AND READERS ARE TRAINED IN THEIR USE. THE APPLICANT POOL IS NARROWED DOWN TO A GROUP OF SEMI-FINALISTS WHO ARE ASKED TO SUBMIT ADDITIONAL SUPPLEMENTAL MATERIAL, INCLUDING LETTERS OF RECOMMENDATION AND OFFICIAL SCHOOL TRANSCRIPTS. THE PRE-SELECTIONS COMMITTEE MEETS TO REVIEW THE STRONGEST SEMI-FINALISTS AND RANK THE APPLICANTS. CANDIDATES SELECTED FOR FURTHER REVIEW ARE INTERVIEWED BY TELEPHONE, FROM WHICH PROCESS A POOL OF FINALISTS IS SELECTED. FINALISTS ARE INTERVIEWED IN PERSON BY PANELS OF POINT DIRECTORS, TRUSTEES, VOLUNTEERS AND STAFF. ALL SCHOLARSHIP RECIPIENTS MUST SHOW PROOF OF ENROLLMENT IN AN ACCREDITED U.S. COLLEGE OR UNIVERSITY. TUITION AND CAMPUS HOUSING PAYMENTS ARE SENT DIRECTLY TO THE SCHOOL UPON SUBMISSION OF A TUITION INVOICE. A COPY OF THE LEASE MUST BE SUBMITTED BEFORE ANY OFF-CAMPUS RENT PAYMENTS ARE PROCESSED. RECEIPTS AND A CHECK REQUEST ARE REQUIRED FOR OTHER SCHOLARSHIP REIMBURSEMENTS, WHICH ARE REVIEWED AND APPROVED BEFORE REIMBURSEMENT. X X X X X X 0 0 0 0 0 0 0 1 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 273058 0 58600 0 0 0 0 0 15857 0 347515 0 0 0 EDWIN PELTO CHIEF DEVELOPMENT OFFICER 203000 0 19440 0 0 0 0 0 12278 0 234718 0 0 0 EDWARD T FARLEY DEPUTY EXECUTIVE DIRECTOR 160893 0 15855 0 0 0 0 0 8192 0 184940 0 0 0 SCOTT ARNESON CFO 162169 0 15747 0 0 0 0 0 584 0 178500 0 0 0 PART I, LINE 7 STAFF BONUSES ARE DETERMINED ON PERFORMANCE EVALUATION AND COMPLETION OF STRATEGIC PLAN OBJECTIVES. X 13 112890 FMV 0 1 1 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF CONTRIBUTORS. PART I, LINE 32B: OUR INVESTMENT BROKER HAS A STANDING ORDER TO SELL ALL STOCK GIFTS RECEIVED. FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE SINCE THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FIRST DRAFT OF THE FORM 990 IS REVIEWED BY THE CFO. THE 990 IS THEN FORWARDED TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THE 990 AND SUPPORTING DOCUMENTS AND DISCUSSES THE 990 AND ANNUAL AUDIT WITH THE INDEPENDENT AUDITORS. THE AUDIT COMMITTEE SUBMITS THE 990 AND THE ANNUAL AUDITED FINANCIAL STATEMENTS TO THE BOARD OF DIRECTORS (BOD) WITH A RECOMMENDATION OF ACCEPTING THE FORM 990 OR NOT. AFTER DISCUSSION AT A BOD MEETING, THE BOD VOTES TO ACCEPT OR REJECT THE 990. ONCE ACCEPTED, THE FINAL VERSION OF THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH FISCAL YEAR, DIRECTORS, TRUSTEES AND EMPLOYEES READ AND SIGN-OFF ON POINT'S CONFLICT OF INTEREST POLICY, STATING THAT THEY WILL AVOID ACTIVITIES OR OUTSIDE INTERESTS THAT CONFLICT WITH THE BEST INTERESTS OF POINT FOUNDATION. THE POLICY ALSO REQUIRES THAT THEY FILE A CONFLICT OF INTEREST STATEMENT WITH THE EXECUTIVE DIRECTOR & CEO OF POINT EACH YEAR DISCLOSING ANY ANTICIPATED OR POSSIBLE CONFLICT SITUATIONS PRIOR TO ANY DISCUSSION OR NEGOTIATION OF THE TRANSACTIONS. POINT'S CHIEF OF STAFF COLLECTS, TRACKS AND REVIEWS THESE SIGNED FORMS. A LIST OF BUSINESSES AND/OR ORGANIZATIONS GATHERED FROM THE FORMS IS GIVEN TO THE CFO TO TRACK FINANCIAL DEALINGS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR/CEO'S COMPENSATION IS NEGOTIATED AT THE BEGINNING OF THE TERM OF EACH MULTIYEAR CONTRACT RENEWAL; AT THAT TIME, THE BOARD OF DIRECTORS DOES A FULL REVIEW OF OTHER LIKE ORGANIZATIONS' SALARIES, USING IRS 990S, WHICH REVIEW INFORMS ITS OFFER AND APPROVAL OF THE EMPLOYMENT AGREEMENT. ANNUAL INCREASES ARE DETERMINED BY THE TERMS OF THE EMPLOYMENT AGREEMENT; ANNUAL BONUSES ARE DETERMINED BY A PERFORMANCE REVIEW COMPLETED BY THE BOARD OF DIRECTORS AT THE END OF EVERY FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15B THE EXECUTIVE DIRECTOR/CEO, ALONG WITH THE DEPUTY EXECUTIVE DIRECTOR, USE COMPARABLE DATA TO REVIEW AND APPROVE THE COMPENSATION OF OTHER EMPLOYEES, INCLUDING THE CFO. THE OVERALL COMPENSATION INCREASE IS APPROVED BY THE FINANCE COMMITTEE AND BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING POLICIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: CONFLICT OF INTEREST POLICY FOR DIRECTORS, TRUSTEES, STAFF, ALUMNI AND SCHOLARS; NON-DISCRIMINATION POLICY; AND PRIVACY POLICY. THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND THE ANNUAL REPORT ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: BAD DEBT -52,272. FORM 990, PART XII, LINE 2C NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR, AS COMPARED TO THE PRIOR TAX YEAR.