2019-12-20T13:46:27-06:00 2019-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2018-07-01 841582086 POINT FOUNDATION POIN 3239331234 6230 WILSHIRE BLVD NO 1606 LOS ANGELES CA 90048 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 3239331234 2019-12-13 1 LIZBETH G NEVAREZ P01399868 3108731600 38.186.35.254 2019-12-13 13:25:22 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1482D0907B02CC1A8172C6F2D6F24709549154F7 2018 2020-03-31 21:24:44Z X JORGE VALENCIA 6230 WILSHIRE BLVD NO 1606 LOS ANGELES CA 90048 5653015 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 27 27 21 505 0 21650 3576268 3590366 0 0 545848 350640 -404405 -442920 3717711 3498086 795765 1208955 0 0 1897262 1786925 66000 69000 522263 1327636 1153926 4086663 4218806 -368952 -720720 10049685 9223627 225561 170907 9824124 9052720 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 1661129 789909 0 SCHOLARSHIP & SCHOLAR SUPPORT: AS OF MAY 2019, POINT FOUNDATION (POINT) HAS AWARDED 456 SCHOLARSHIPS AND HAVE INVESTED OVER $35 MILLION IN OUR LGBTQ SCHOLARS. POINT FOUNDATION CURRENTLY AWARDS TWO TYPES OF SCHOLARSHIPS: COMMUNITY COLLEGE AND THE TRADITIONAL POINT SCHOLARSHIP. THE COMMUNITY COLLEGE SCHOLARSHIP IS GEARED TOWARD ENSURING LGBTQ COMMUNITY COLLEGE STUDENTS ARE ABLE TO TRANSFER TO FOUR-YEAR INSTITUTIONS. THE TRADITIONAL POINT SCHOLARSHIP IS DESIGNED TO HELP LGBTQ SCHOLARS CURRENTLY ENROLLED IN OR ENROLLING IN AN UNDERGRADUATE OR GRADUATE PROGRAM COMPLETE THEIR DEGREE. BOTH SCHOLARSHIP PROGRAMS OFFER FINANCIAL ASSISTANCE, ONE-ON-ONE MENTORING (COACHING) AND COMPREHENSIVE LEADERSHIP TRAINING. BY ENSURING THESE STUDENTS OBTAIN A SOLID EDUCATIONAL FOUNDATION, POINT FOUNDATION IS BUILDING A GENERATION OF LEADERS, COMMITTED BOTH TO PERSONAL ACHIEVEMENT AND TO INCREASING ACCEPTANCE AND UNDERSTANDING ACROSS SOCIETY AS A WHOLE.DURING THE 2018-2019 ACADEMIC YEAR, POINT FOUNDATION SUPPORTED 72 POINT SCHOLARS AND 25 COMMUNITY COLLEGE SCHOLARSHIP 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 72 MEMBERS OF THE 2018 POINT SCHOLAR CLASS: 59% IDENTIFY AS A RACIAL OR ETHNIC GROUP OTHER THAN WHITE; 43% IDENTIFY AS TRANSGENDER, GENDER-NONCONFORMING, OR INTERSEX; AND 40% ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE. OF THE 25 MEMBERS OF THE 2018 COMMUNITY COLLEGE SCHOLARSHIP CLASS: 76% IDENTIFY AS A RACIAL OR ETHNIC GROUP OTHER THAN WHITE; 40% IDENTIFY AS TRANSGENDER, GENDER-NONCONFORMING, OR INTERSEX; AND 56% ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE.EACH YEAR, WITH THE GUIDANCE OF THEIR POINT FOUNDATION SELECTED MENTOR, POINT SCHOLARS ARE REQUIRED TO COMPLETE A COMMUNITY SERVICE PROJECT (CSP) THAT WILL POSITIVELY IMPACT THE LGBTQ COMMUNITY. ONE SCHOLARDEDICATED HER COMMUNITY SERVICE PROJECT TO THE COMMUNITY SHE GREW UP IN: NEWARK, CA. SHE TEAMED UP WITH THE NEWARK UNIFIED SCHOOL DISTRICT (NUSD) STUDENTS AND STAFF AND MEMBERS OF THE NEWARK MEMORIAL HIGH SCHOOL LGBTQ+ SUPPORT CLUB AND APPROACHED THE NUSD SCHOOL BOARD IN MEETINGS THROUGHOUT THE YEAR TO PASS BETTER PROTECTIONS FOR TRANSGENDER AND GENDER NON-CONFORMING STUDENTS AND STAFF. SHE WORKED WITH THEM TO SMOOTH PATHWAYS FOR NAME AND GENDER CHANGES ON DISTRICT DOCUMENTS AND IN THE SCHOOL SYSTEMS. SHE ALSO WORKED TO INCLUDE CURRENT TRANSGENDER AND GENDER NON-CONFORMING INDIVIDUALS IN ANTI-BULLYING POLICIES. STUDENTS AND STAFF WITHIN THE NEWARK UNIFIED SCHOOL DISTRICT ARE NOW SUPPORTED BY THE SMOOTHER NAME/GENDER CHANGE PATHWAYS AND MORE INCLUSIVE PROTECTION AND ANTI-BULLYING POLICIES, THANKS TO THE SCHOLAR'S HARD WORK AND EFFORT. POINT SCHOLARS ALSO MADE SIGNIFICANT CONTRIBUTIONS TO THEIR COMMUNITIES THROUGH INNOVATIVE PAID INTERNSHIPS AT NONPROFIT ORGANIZATIONS OF THEIR CHOICE. THE IMPACT OF THIS WORK WAS FELT NATIONWIDE, AS INTERNS COMPLETED PROJECTS IN ALABAMA, CALIFORNIA, GEORGIA, ILLINOIS, MASSACHUSETTS, NEW YORK, PENNSYLVANIA, AND TENNESSEE. FOR EXAMPLE, A SCHOLAR SPENT HIS SUMMER AT TRILLIUM HEALTH MAKING ASL TRANSLATIONAL VIDEOS ABOUT HIV-RELATED TOPICS SUCH AS SAFE SEX, ADDRESSING MISCONCEPTIONS OF HIV/AIDS, AND LOCAL CLINIC OFFERINGS. BEFORE THE INTERNSHIP, THE CLINIC HAD NO INFORMATION IN AMERICAN SIGN LANGUAGE AVAILABLE FOR LOCAL COMMUNITY MEMBERS, DESPITE THE FACT THAT THIS CITY HAS THE LARGEST DEAF COMMUNITY IN THE US PER CAPITA. LAST YEAR POINT FOUNDATION LEARNED THAT A MORE PERSONAL APPROACH WITH MORE FREQUENT CONTACT WAS CRITICAL TO OUR COMMUNITY COLLEGE STUDENTS' SUCCESS -- SO THIS PAST YEAR WE INTRODUCED THE COMMUNITY COLLEGE COACHING PROGRAM. THROUGH OUR OUTREACH WE ALSO LEARNED THAT SPECIFICALLY-LGBTQ RESOURCES DO NOT EXIST AT MANY COMMUNITYCOLLEGES -- THUSWE EXPANDED THE COMMUNITY COLLEGE TRANSFER SYMPOSIUM TO INCLUDE: A MENTAL HEALTH SESSION, A SEXUAL HEALTH SESSION, AS WELL AS A PANEL ON QUEER ACTIVISM THAT WASLEDBY OUR ESTEEMED POINT SCHOLARS.OF THE 25 COMMUNITY COLLEGE PARTICIPANTS, 81% ARE CONFIRMED TO HAVE COMPLETED THEIR PROGRAMS AND 2 OF OUR 2018-19 COMMUNITY COLLEGE SCHOLARSHIP RECIPIENTS ARE NOW POINT SCHOLARS. 1249770 381650 0 LEADERSHIP CONFERENCES & TRAINING: POINT FOUNDATION IS COMMITTED TO TRAINING OUR NEXT GENERATION LEADERS AND PROVIDES ITS SCHOLARS WITH A VARIETY OF LEADERSHIP ACTIVITIES AND EVENTS THROUGHOUT THE YEAR. IN THE 2018-19 CYCLE WE HOSTED THE NATIONAL LEADERSHIP CONFERENCE, ONE LEADERSHIP EDUCATION AND AFFINITIES DEVELOPMENT (LEAD) CONSORTIUM, AND SIX REGIONAL LEADERSHIP FORUMS FOR OUR SCHOLARS. WE ALSO HOSTED A COMMUNITY COLLEGE TRANSFER SYMPOSIUM FOR OUR COMMUNITY COLLEGE SCHOLARSHIP RECIPIENTS. IN JULY 2018 WE HELD A 1.5-DAY LAW & POLICY LEAD AND THE NATIONAL LEADERSHIP CONFERENCE IN LAKE BUENA VISTA, FLORIDA. POINT SCHOLARS AND ALUMNI JOINED BOARD MEMBERS AND MENTORS FROM LAW AND POLICY RELATED PROFESSIONAL AND ACADEMIC FIELDS FOR SKILLS-BUILDING AND PROFESSIONAL DEVELOPMENT WORKSHOPS. THE NATIONAL LEADERSHIP CONFERENCE BEGAN ON THE EVENING OF THURSDAY, JULY 26TH WITH A WELCOME DINNER AND REMARKS GIVEN BY POINT FOUNDATION'S CO-FOUNDER, BRUCE LINDSTROM. FRIDAY INCLUDED WORKSHOPS FOCUSED ON PREPARING AND COMPLETING AN IMPACTFUL COMMUNITY SERVICE PROJECTS AND TACKLING UNCONSCIOUS BIAS TO BE A BETTER LEADER. THE EVENING ENDED WITH A LEADERSHIP DINNER. DURING WHICH, REMARKS WERE GIVEN BY THE PRESIDENT OF WALT DISNEY WORLD, GEORGE KALOGRIDIS, POINT'S CEO AND EXECUTIVE DIRECTOR, JORGE VALENCIA AND OUR HONOREES, POINT BOARD MEMBER, MARIO ACOSTA-VELEZ AND EXECUTIVE DIRECTOR OF THE ONEPULSE FOUNDATION, BARBARA POMA. SATURDAY MORNING, SCHOLARS ENGAGED IN THREE ROTATING BREAKOUT SESSIONS THAT FOCUSED ON FINANCIAL PLANNING, JOB HUNTING, AND PUBLIC SPEAKING. IN THE AFTERNOON, DISNEY INSTITUTE ENLIGHTENED US WITH AN EXTENSIVE PRESENTATION ABOUT THE VALUES OF LEADERSHIP, INTENTIONALITY IN LEADERSHIP, AND THE IMPORTANCE OF LEAVING A LEGACY. IN AUGUST 2018 POINT HELD THE COMMUNITY COLLEGE TRANSFER SYMPOSIUM FOR OUR 25 CC SCHOLARSHIP RECIPIENTS. OVER TWO DAYS THE COMMUNITY COLLEGE STUDENTS ATTENDED TARGETED WORKSHOPS WHICH PROVIDED TRAINING ON: APPLYING TO 4-YEAR UNIVERSITIES, HOW TO ACCURATELY FILL OUT FINANCIAL AID PAPERWORK, EFFECTIVELY WRITING AN ADMISSIONS ESSAY, BEST PRACTICES FOR RESUME WRITING, AND DEVELOPING INTERVIEWING SKILLS.ON FEBRUARY 23, 2019, POINT FOUNDATION HOSTED REGIONAL LEADERSHIP FORUMS IN SIX CITIES NATIONWIDE. BASED ON THE NEEDS OF OUR SCHOLARS, POINT FOUNDATION CENTERED THE CURRICULUM OF THE HALF-DAY CONFERENCES AROUND THE TOPIC OF SELF-CARE AND WELLNESS. IN ORDER TO BE THE MOST EFFECTIVE LEADERS, IT IS IMPORTANT THAT OUR STUDENTS LEARN TO TAKE CARE OF THEMSELVES AND TO BE ABLE TO SPOT WARNING SIGNS FOR DEPRESSION AND OTHER MENTAL HEALTH ISSUES IN THEIR COMMUNITIES. 121 PARTICIPANTS ATTENDED THE EVENTS IN ATLANTA, CHICAGO, LOS ANGELES, NEW YORK CITY, PHILADELPHIA AND SAN FRANCISCO. 378816 37396 0 SCHOLAR SELECTIONS: WHILE CURRENT SCHOLARS WORKED THEIR WAY THROUGH THE ACADEMIC YEAR, POINT FOUNDATION WENT ABOUT THE BUSINESS OF SELECTING SCHOLARS FOR THE 2019/20 ACADEMIC YEAR. AS PART OF OUR DRIVE TO FURTHER DIVERSIFY FUTURE CLASSES OF POINT SCHOLARS, POINT CONTINUED WITH AN OUTREACH PLAN SPECIFICALLY TARGETING UNDERREPRESENTED GROUPS IN THE LGBTQ COMMUNITY (E.G., WOMEN; STUDENTS OF COLOR; TRANSGENDER AND GENDER NONCONFORMING STUDENTS; AND APPLICANTS WITH DISABILITIES). FOLLOWING A RIGOROUS SIX-MONTH SELECTIONS PROCESS TO SELECT THE NEXT COHORT OF SCHOLARS AND LEADERS. THE 2,117 COMPLETED APPLICATIONS WERE NARROWED TO A FINALIST POOL OF 33. IN APRIL 2019, 16 NEW SCHOLARS WERE SELECTED TO JOIN THE 2019-20 CLASS OF POINT SCHOLARS. IN JUNE 2019, 25 COMMUNITY COLLEGE SCHOLARSHIP RECIPIENTS WERE SELECTED FROM OVER 100 APPLICANTS. 3289715 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 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 38 0 1 21 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 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 890 LOS ANGELES CA 90048 JAMES WILLIAMS CO-CHAIR 6.00 X X 0 0 0 ALAN GUNO CO-CHAIR 6.00 X X 0 0 0 PETER LICHTENTHAL CO-VICE CHAIR 6.00 X X 0 0 0 JEN WOHLNER CO-VICE CHAIR 6.00 X X 0 0 0 BRIAN DENT TREASURER 6.00 X X 0 0 0 ASHLAND JOHNSON SECRETARY 6.00 X X 0 0 0 CLAUDIA CAINE CHAIR EMERITUS 6.00 X X 0 0 0 MARIO ACOSTA-VELEZ BOARD MEMBER 3.00 X 0 0 0 SALMAN AZHAR MD BOARD MEMBER 3.00 X 0 0 0 JENNIFER BARBETTA BOARD MEMBER (UNTIL 10/2018) 3.00 X 0 0 0 SHARON BRACKETT BOARD MEMBER 3.00 X 0 0 0 KEVIN CHASE BOARD MEMBER (UNTIL 10/2018) 3.00 X 0 0 0 MICHAEL CIPRESSO BOARD MEMBER 3.00 X 0 0 0 JAMES CUMMINGS BOARD MEMBER (UNTIL 10/2018) 3.00 X 0 0 0 NATHAN FRIEDMAN BOARD MEMBER 3.00 X 0 0 0 JAMES GARGAS BOARD MEMBER 3.00 X 0 0 0 LOUIS GARY BOARD MEMBER 3.00 X 0 0 0 CELINA GERBIC BOARD MEMBER 3.00 X 0 0 0 AARON LEIFER BOARD MEMBER 3.00 X 0 0 0 TERRY LONGMORE BOARD MEMBER 3.00 X 0 0 0 SARAH MADEY BOARD MEMBER 3.00 X 0 0 0 RYAN MILLER BOARD MEMBER 3.00 X 0 0 0 JIM PATTON BOARD MEMBER 3.00 X 0 0 0 JOHN PENCE BOARD MEMBER (UNTIL 03/2019) 3.00 X 0 0 0 CASEY RYAN BOARD MEMBER (UNTIL 02/2019) 3.00 X 0 0 0 EDDIE SANTOS BOARD MEMBER 3.00 X 0 0 0 DAN STIFFLER BOARD MEMBER 3.00 X 0 0 0 PETE SUBKOVIAK BOARD MEMBER 3.00 X 0 0 0 KEN THAXTON BOARD MEMBER 3.00 X 0 0 0 ALEXIA WARD BOARD MEMBER 3.00 X 0 0 0 MATT BARBEY BOARD MEMBER 3.00 X 0 0 0 BEN HARMAN BOARD MEMBER 3.00 X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 70.00 X 265897 0 12861 SCOTT ARNESON CFO 50.00 X 143367 0 5129 EDWARD T FARLEY CHIEF OF STAFF & COO 50.00 X 142947 0 7375 ADAM D CROWLEY DEVELOPMENT DIRECTOR - WES 50.00 X 110314 0 7575 HECTOR D GARZA DEVELOPMENT DIRECTOR - EAS 50.00 X 112046 0 7775 774571 0 40715 5 0 1 0 0 637484 2952882 157844 3590366 324220 324220 1625445 1599025 26420 26420 26420 112984 637484 555904 -442920 -442920 3498086 0 0 -92280 1208955 1208955 418394 271440 60506 86448 1134402 735945 164117 234340 112718 73179 16111 23428 121411 78823 17354 25234 1314 1314 35750 35750 69000 69000 18849 18849 324999 236366 69337 19296 47456 47456 121157 94503 12903 13751 127960 119978 7194 788 248359 238413 9946 25048 19537 2668 2843 24990 19493 2661 2836 PUBLIC AWARENESS/PROMO. 69988 56024 2377 11587 EVENTS EXPENSE 65425 32713 32712 OTHER SCHOLARSHIP EXPEN 38041 38041 0 0 RECRUITMENT 208 208 4382 4382 4218806 3289715 406828 522263 290531 287017 908385 933343 2296526 1738858 159743 67031 422997 414942 29183 8055 6312016 6130234 53301 59089 10049685 9223627 225561 170907 225561 170907 X 2951800 2883744 4475326 3765067 2396998 2403909 9824124 9052720 10049685 9223627 X -720720 -34774 -15910 X X 0 1 X 1 0 X 6330407 4019511 5294605 3576268 3590366 22811157 6330407 4019511 5294605 3576268 3590366 22811157 3857617 18953540 272952 202166 210342 271782 324220 1281462 20044 20044 24112663 0.78600 0.76310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6334510 6911 189211 103433 2887932 3539267 6256043 9602 394524 325659 6334510 5742331 5063 591175 82526 6256043 5702219 64846 57578 109479 5742331 5377161 306005 125329 106276 5702219 0.00000 0.66760 0.33240 0 0 27167 25955 1212 395830 388987 6843 8055 3667194 -34774 219792 -15910 169108 3498086 0 3498086 4438598 219792 219792 4218806 0 4218806 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 XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON WRITE-OFF OF UNCOLLECTIBLE PLEDGES RECEIVABLE -15,910. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 483953 69000 414953 483953 69000 414953 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 NY POINT HONORS 303231 233771 69460 24700 120134 110609 49377 LA POINT HONORS 373418 334214 39204 26424 66503 102345 43688 2 73819 69499 4320 1500 9254 851 519 750468 637484 112984 52624 195891 213805 93584 555904 -442920 1 SCHOLARSHIP/STIPEND 206 1083830 125125 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. THOSE FINALISTS ARE THEN BROUGHT TO A FINAL SELECTION WEEKEND WHERE THEY 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 BY POINT'S CFO BEFORE REIMBURSEMENT. X X X X X X 0 0 0 0 0 0 0 1 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 245897 0 20000 0 0 0 0 0 12861 0 278758 0 0 0 EDWARD T FARLEY CHIEF OF STAFF & COO 142947 0 0 0 0 0 0 0 7375 0 150322 0 0 0 PART I, LINE 7 THE CEO RECEIVED BONUSES IN THE CURRENT FISCAL YEAR. BONUSES ARE DETERMINED BY THE BOARD OF DIRECTORS AND ARE BASED UPON COMPLETION OF GOALS AND OVERALL PERFORMANCE DURING THE YEAR. X 7 26844 FMV X MEALS AND BEVERAGES 1 115000 FMV X GIFT BAGS 1 16000 FMV 0 1 0 PART I, COLUMN (B): NON CASH DONATIONS ARE LISTED BY TOTAL NUMBER OF NON CASH CONTRIBUTIONS RECIEVED. FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE SINCE THE ORGANIZATION DID NOT HAVE ANY EXECUTIVE COMMITEE DURING THE FISCAL YEAR. 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 CHIEF OF STAFF, 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: LOSS ON WRITE-OFF OF UNCOLLECTIBLE PLEDGES RECEIVABLE -15,910. 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.