2018-11-27T09:45:19-06:00 2018-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2017-07-01 841582086 POINT FOUNDATION POIN 3239331234 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 3239331234 2018-11-08 1 LIZBETH G NEVAREZ P01399868 3108731600 38.186.35.254 2018-11-08 13:28:09 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AA4E84D18E268109AEF5DBEB35B5860C71122B2D 2017 2019-02-21 02:37:17Z JORGE VALENCIA 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 5580796 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 30 30 21 438 0 12950 5294605 3576268 0 0 210753 545848 -390382 -404405 5114976 3717711 781364 795765 0 0 2009269 1897262 66000 66000 538160 1590583 1327636 4447216 4086663 667760 -368952 10821866 10049685 339703 225561 10482163 9824124 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 1366446 719301 SCHOLARSHIP & SCHOLAR SUPPORT: FOR THE 2017/18 ACADEMIC YEAR, 2,102 SCHOLARSHIP APPLICATIONS WERE COMPLETED AND SUBMITTED TO POINT. AFTER AN INTENSIVE REVIEW PROCESS, THE POOL WAS NARROWED DOWN TO 675 SEMIFINALISTS. AFTER FURTHER EVALUATION, 41 FINALISTS WERE BROUGHT TO LOS ANGELES FOR A FINALIST CELEBRATION DINNER AND FINAL INTERVIEWS. OF THE FINALISTS, 27 WERE SELECTED AS NEW SCHOLARS, JOINING 45 CONTINUING SCHOLARS FOR THE 2017/18 ACADEMIC YEAR. PROGRAM STAFF ROUTINELY REACHED OUT TO SCHOLARS TO CHECK IN ON THEIR WELL-BEING AND ACADEMIC PROGRESS. PROGRAM STAFF SENT NOTES OF ENCOURAGEMENT TO SCHOLARS NEAR THE END OF EACH SEMESTER TO HELP THEM THROUGH FINAL EXAMS. THE CFO WORKED WITH THE SCHOLARS TO PLAN OUT HOW AND WHEN THEY WOULD ACCESS THEIR POINT AWARD DURING THE ACADEMIC YEAR. POINT SCHOLARS CAN REQUEST ADDITIONAL FUNDING FOR TUTORING, IF NEEDED. SCHOLARS WHO WERE PLACED ON ACADEMIC PROBATION (GPA DROP BELOW THE 3.3 POINT REQUIREMENT) RECEIVED ADDITIONAL SUPPORT THROUGH REGULARLY SCHEDULED CHECK-IN CALLS AND WORKSHEETS DESIGNED TO HELP THEM REFLECT AND PLAN HOW TO IMPROVE THEIR ACADEMIC PERFORMANCE. IN 2016 POINT, LAUNCHED THE POINT FOUNDATION COMMUNITY COLLEGE PROGRAM TO INSPIRE LGBTQ COMMUNITY COLLEGE STUDENTS TO FULFILL THEIR AMBITIONS OF ATTENDING A FOUR-YEAR COLLEGE OR UNIVERSITY. STUDENTS ACCEPTED INTO THE PROGRAM RECEIVE A $3,700 TUITION SCHOLARSHIP, ADMISSIONS COUNSELING, COACHING AND FINANCIAL EDUCATION AT THE POINT COMMUNITY COLLEGE TRANSFER SYMPOSIUM IN LOS ANGELES AND ACCESS TO THE POINT FOUNDATION NETWORK OF LGBTQ SCHOLARS. IN ITS SECOND YEAR, THE PROGRAM GREW TO 25 COMMUNITY COLLEGE. MODELING OUR OUTREACH STRATEGY AFTER OUR TRADITIONAL POINT SCHOLARSHIP PROGRAM, WE FOCUSED ON SOCIAL MEDIA TARGETED ADVERTISING, AND DIRECT EMAIL TO COMMUNITY COLLEGE ADMISSIONS, FINANCIAL AID, AND LGBTQ RESOURCE CENTERS TO TAKE THE PROGRAM TO A NATIONAL SCOPE. THE STRATEGY WAS HIGHLY SUCCESSFUL AND 13 STATES (INCLUDING THE DISTRICT OF COLUMBIA) WERE REPRESENTED. WORKING WITH THE INTERNSHIP & SCHOLARS RELATIONS MANAGER, AND THEIR POINT MENTOR, POINT SCHOLARS DESIGNED, COORDINATED AND EXECUTED AN ANNUAL COMMUNITY SERVICE PROJECT BENEFITING THE LGBTQ COMMUNITY. 63 COMMUNITY SERVICE PROJECTS WERE COMPLETED IN THE SPRING OF 2018. POINT PROVIDES FINANCIAL SUPPORT BY FACILITATING MENTOR/SCHOLAR MATCHINGS AND MEETINGS THROUGHOUT THE YEAR, PROVIDING TRAVEL TO VARIOUS CONFERENCES AND HELP PRODUCING THE COMPLETED COMMUNITY SERVICE REPORT. THREE EXAMPLES OF THIS YEAR'S PROJECTS INCLUDED (1) A PHYSICAL HISTORICAL MUSEUM EXHIBITION "DON WE NOW OUR GAY APPAREL: LGBTQ T-SHIRTS FROM THE WILCOX ARCHIVES" THAT RAN FROM APRIL JUNE 2018 AT THE WILLIAM WAY COMMUNITY CENTER IN PHILADELPHIA. (2) DEVELOPMENT OF "AN INTEGRATED HEALTH TRAINING ON TRANSGENDER HEALTH." APPROXIMATELY 200 GRADUATE LEVEL HEALTH PROFESSIONALS WENT THROUGH THE TRAINING. (3) THE CREATION OF VIET Q A VIETNAMESE LGBTQ GROUP. VIA KING COUNTY LIBRARY SYSTEMS, VIETQ HOSTED AN LGBTQ DOCUMENTARY SHORT AND PANEL TO RAISE VISIBILITY FOR THE COMMUNITY AND BRIDGE INTERGENERATIONAL DIVIDES. 701419 LEADERSHIP CONFERENCES & TRAINING: THROUGHOUT THE YEAR POINT HOLDS LEADERSHIP EDUCATION AND AFFINITIES DEVELOPMENT (LEAD) CONSORTIUMS AROUND THE COUNTRY. POINT SCHOLARS AND ALUMNI JOIN BOARD MEMBERS AND MENTORS FROM RELATED PROFESSIONAL AND ACADEMIC FIELDS FOR SKILLS-BUILDING AND PROFESSIONAL DEVELOPMENT WORKSHOPS. IN OCTOBER 2017 POINT HELD AN ARTS, COMMUNICATIONS, ENTERTAINMENT & HUMANITIES LEAD IN LOS ANGELES, CA. IN JANUARY 2018, POINT HELD A MEDICINE, HEALTH AND STEM LEAD IN LOS ANGELES, IN JULY 2018 POINT HELD A LAW & POLICY LEAD IN LAKE BUENA VISTA, FLORIDA. REGIONAL LEADERSHIP FORUMS (RLFS) ARE ONE-DAY GATHERINGS THAT BRING SCHOLARS, ALUMNI, MENTORS, BOARD, AND STAFF TOGETHER FOR VARIED PROGRAMS OF LEARNING AND COMMUNITY BUILDING IN CITIES THAT CARRY THE HIGHEST POPULATION OF SCHOLARS. THE JANUARY 2018 LOS ANGELES RLF WAS COMBINED WITH THE STEM LEAD AND THE RECIPIENTS OF THE ELTON JOHN AIDS FOUNDATION INTERNSHIPS FROM THE PREVIOUS YEAR SHOWCASED THEIR EFFORTS IN THE FIGHT TO PREVENT HIV. 411869 3900 SCHOLAR SELECTIONS: WHILE CURRENT SCHOLARS WORKED THEIR WAY THROUGH THE ACADEMIC YEAR, POINT WENT ABOUT THE BUSINESS OF SELECTING SCHOLARS FOR THE 2018/19 ACADEMIC YEAR. AS PART OF ITS 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). POINT ALSO INCREASED OUTREACH EFFORTS TO GEOGRAPHIC AREAS THAT ARE NOT WELL REPRESENTED IN POINT'S SCHOLARSHIP APPLICANT POOL. THESE OUTREACH EFFORTS RESULTED IN CONTINUING POINT'S NOTABLY DIVERSE SCHOLAR CLASS: 70 PERCENT OF THE NEW SCHOLARS ARE PEOPLE OF COLOR; 35 PERCENT OF THE NEW SCHOLARS ARE THE FIRST-GENERATION IN THEIR FAMILY TO GO TO COLLEGE; 45 PERCENT OF THE NEW SCHOLARS IDENTIFY AS EITHER TRANSGENDER OR GENDER NONCONFORMING. FROM NOVEMBER 2017 TO JANUARY 2018, 2,107 HOPEFUL STUDENTS SUBMITTED SCHOLARSHIP APPLICATIONS FOR THE 2017/18 ACADEMIC YEAR. AFTER THE FIRST STAGE OF REVIEWS, THE SELECTIONS COMMITTEE IDENTIFIED 576 SEMIFINALISTS. DURING THE NEXT ROUND OF SELECTIONS, 33 FINALISTS WERE CHOSEN. ULTIMATELY, 20 NEW SCHOLARS WERE SELECTED TO JOIN 52 CONTINUING SCHOLARS FOR THE 2018/19 ACADEMIC YEAR. IN 2018/2019, 3 OF OUR 2017-2018 COMMUNITY COLLEGE SCHOLARSHIP RECIPIENTS WERE SELECTED AS POINT SCHOLARS. ON THE COMMUNITY COLLEGE FRONT, POINT SELECTED 25 NEW STUDENTS FROM ACROSS THE COUNTRY TO PARTICIPATE IN THE 2018/19 PROGRAM. ADDITIONAL RESOURCES WERE PUT TOWARDS SEEKING SCHOLARS IN THE CALIFORNIA INLAND EMPIRE AND COACHELLA VALLEY. 607973 72564 SCHOLAR MENTORING: POINT MENTORS WERE SELECTED AND ASSIGNED TO EACH OF THE 27 NEW SCHOLARS WHO JOINED POINT IN 2017/2018. TRAINING AND SUPPORT FOR MENTORS WAS PROVIDED BY WAY OF TWO GENERAL OPEN FORUMS IN FALL AND SPRING WHEREBY MENTORS ACROSS THE NATION CONVENED VIA CONFERENCE CALL TO DISCUSS BEST PRACTICES AND SEEK ADVICE FROM EACH OTHER ON ANY SPECIFIC SITUATION THEY MAY BE EXPERIENCING WITH THEIR SCHOLAR. STAFF ALSO CONDUCTED MENTOR CHECK-IN CALLS AND DISTRIBUTED "MENTORING MESSENGER", A NEWSLETTER FOR POINT'S MENTOR-SCHOLAR PAIRS. TO FURTHER EXPAND THEIR NETWORK WITHIN POINT FOUNDATION, ALL POINT MENTORS WERE INVITED TO ATTEND THE ABOVE-MENTIONED LEADERSHIP TRAININGS. LASTLY, AS A REQUIREMENT OF THEIR SCHOLARSHIP AWARD AGREEMENT, ALL SCHOLARS INVOLVED THEIR RESPECTIVE MENTORS IN THE PLANNING AND EXECUTION OF THEIR ANNUAL COMMUNITY SERVICE PROJECT. AT THE END OF 2017/2018, THE COMMITTEE ALSO CONCLUDED REVISING THE MENTOR HANDBOOK TO BETTER REFLECT THE CURRENT FUNCTIONS AND GOALS OF POINT'S MENTORING PROGRAM. SCHOLAR INTERNSHIPS: POINT SCHOLARS ALSO MADE SIGNIFICANT CONTRIBUTIONS TO THEIR COMMUNITIES THROUGH INTERNSHIPS LAST YEAR. WITH RENEWED FUNDING FROM THE ELTON JOHN AIDS FOUNDATION (EJAF), POINT CONTINUED ITS SECOND YEAR-ROUND INTERNSHIP PROGRAM, MAKING IT POSSIBLE FOR QUALIFIED POINT SCHOLARS TO EXPERIENCE RELEVANT, PROFESSIONAL WORK DIRECTLY BENEFITING LGBTQ COMMUNITY NONPROFIT ORGANIZATIONS WORKING TO END HIV/AIDS. TO PARTICIPATE, SCHOLARS WERE ASKED TO IDENTIFY A NONPROFIT ORGANIZATION OR MEDICAL PROVIDERS FOR A FULL OR PART-TIME INTERNSHIP IN WINTER (JANUARY APRIL) AND SUMMER TERMS (MAY AUGUST). WHILE THE SPECIFIC WORK COULD VARY FROM ORGANIZATION TO ORGANIZATION, ALL PROPOSALS NEEDED TO FOCUS ON EITHER THE LACK OF ACCESS TO AFFORDABLE, CULTURALLY COMPETENT CARE OR TO ELIMINATE THE STIGMA THAT SURROUNDS HIV STATUS AND DISCLOSURE. THROUGH THIS WORK, EJAF FALL 2017, SPRING 2018, SUMMER 2018 INTERNS SERVED IN: NEW YORK, NY; CHICAGO, IL; PHILADELPHIA, PA; ALLENTOWN, PA; ROCHESTER, NY; LOS ANGELES, CA; SPRINGFIELD, MA; FOR THE SEVENTH YEAR, POINT FOUNDATION ALSO COLLABORATED WITH THE PALETTE FUND TO OFFER A LGBT NONPROFIT INTERNSHIP. SCHOLARS SUBMITTED PROPOSALS TO A SUBCOMMITTEE OF POINT'S BOARD, TO BE AWARDED A TEN-WEEK PAID WORK EXPERIENCE IN THE NOT-FOR-PROFIT LGBTQ SECTOR. IN THE SUMMER OF 2018, ONE SCHOLAR WORKED AT API EQUALITY NORTHERN CALIFORNIA ON PROJECTS SUCH AS TRANS JUSTICE MARCH, A 4-DAY LEADERSHIP EXCHANGE PROGRAM FOR API QUEER AND TRANS FOLKS, OUTRIGHT INTERNATIONAL ACTIVISTS SITE VISIT, SUMMER FUNDRAISING AND SOCIAL MEDIA CAMPAIGNS. THE OTHER INTERN WORKED AT THE NEW YORK STATE YOUTH LEADERSHIP COUNCIL, CREATING CAMPAIGNS AND VIDEOS ABOUT THE UNDOCUMENTED QUEER EXPERIENCE AS WELL AS WORKING ON DREAM TEAM TEACH-INS FOR ALLIES TO UNDOCUMENTED QUEER PEOPLE. ALUMNI: IN 2018, THE ALUMNI COMMITTEE ANALYZED THE RESULTS OF 2017'S ALUMNI ENGAGEMENT SURVEY TO PLAN A COMMUNITY CONVERSATION AT THE 2018 NLC. THE 71 ALUMNI ATTENDEES AT THE 2018 NLC REVIEWED THE COMMITTEE'S SURVEY FINDINGS, AND THEN BROKE OUT INTO SMALL GROUPS TO DISCUSS THE VARIOUS WAYS IN WHICH ALUMNI CAN BOTH ENGAGE WITH POINT AND SUPPORT OUR MISSION, AS WELL AS HOW POINT CAN PRODUCTIVELY ENGAGE WITH ALUMNI AND SUPPORT THEM WHERE POSSIBLE. THIS CONVERSATION RESULTED IN FIVE PROPOSED WORKING GROUPS, WHICH THE ALUMNI COMMITTEE IS WORKING TOWARD ESTABLISHING AS SUBCOMMITTEES. FOR THE UPCOMING YEAR, ALUM AND BOARD DIRECTOR PETE SUBKOVIAK WILL CONTINUE TO SERVE AS THE CHAIR OF THE ALUMNI COMMITTEE, WHICH ALSO COMPRISES A DIVERSE GROUP OF ALUMNI FROM VARIOUS GEOGRAPHIC REGIONS AND CLASS YEARS WITHIN POINT. AS THESE SUBCOMMITTEES FORM, THE ALUMNI COMMITTEE WILL PIVOT TO A MORE TRADITIONAL GOVERNANCE ROLE, PER POINT'S EXISTING COMMITTEE STRUCTURE. AS OF JUNE 2018, THE TOTAL NUMBER OF POINT ALUMNI IS 300. 607973 72564 3087707 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 34 0 1 21 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 30 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 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 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 3.00 X 0 0 0 SHARON BRACKETT BOARD MEMBER 3.00 X 0 0 0 KEVIN CHASE BOARD MEMBER 3.00 X 0 0 0 MICHAEL CIPRESSO BOARD MEMBER 3.00 X 0 0 0 JAMES CUMMINGS BOARD MEMBER 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 3.00 X 0 0 0 CLAY PETRELEFT IN JUNE BOARD MEMBER 3.00 X 0 0 0 CASEY RYAN BOARD MEMBER 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 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 70.00 X 295544 0 13566 SCOTT ARNESON CFO 50.00 X 136008 0 15443 TED FARLEY CHIEF OF STAFF & COO 50.00 X 134826 0 8151 ADAM D CROWLEY DEVELOPMENT DIRECTOR - WEST 50.00 X 112838 0 8294 HECTOR D GARZA DEVELOPMENT DIRECTOR - EAST 50.00 X 115334 0 8556 794550 0 54010 5 0 1 0 0 641825 2934443 59441 3576268 271782 271782 1578246 1304180 274066 274066 274066 154500 641825 558905 -404405 -404405 3717711 0 0 141443 795765 795765 453946 308001 63598 82347 1194255 810297 167314 216644 117468 79702 16457 21309 131593 89285 18436 23872 615 615 32950 32950 66000 66000 13268 13268 29400 28331 1069 328690 240167 76218 12305 46858 46858 120760 86680 17109 16971 274846 218746 14352 41748 170146 152947 17199 49665 35648 7036 6981 21587 15493 3058 3036 PUBLIC AWARENESS/PROMO. 144053 126959 4466 12628 LEADERSHIP TRAINING EXP 78639 44320 34319 MENTORING 3657 3657 RECRUITMENT 3034 3034 9468 4851 4617 4086663 3087707 460796 538160 1096827 290531 1031499 908385 2553201 2296526 58333 159743 419077 389894 76974 29183 5942946 6312016 62086 53301 10821866 10049685 339703 225561 339703 225561 X 3002410 2951800 5092357 4475326 2387396 2396998 10482163 9824124 10821866 10049685 X -368952 -143124 -145963 X X 0 1 X 1 0 X 3604916 6330407 4019511 5294605 3576268 22825707 3604916 6330407 4019511 5294605 3576268 22825707 4515346 18310361 191083 272952 202166 210342 271782 1148325 20044 20044 23994076 0.76310 0.75990 X 6256043 9602 394524 325659 6334510 5742331 5063 591175 82526 6256043 5702219 64846 57578 109479 5742331 5377161 306005 125329 106276 5702219 4759759 2455 697141 82194 5377161 0.45430 0.37840 0.16730 0 0 27167 20340 6827 391910 369554 22356 29183 3576332 -143124 147708 4584 3571748 145963 145963 3717711 4234371 147708 147708 4086663 0 4086663 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 4B - OTHER ADJUSTMENTS: LOSS ON WRITE-OFF OF UNCOLLECTIBLE PLEDGES RECEIVABLE 145,963. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 383198 66000 383198 383198 66000 383198 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 339737 247487 92250 24400 121333 96526 56032 LA POINT HONORS 365840 303590 62250 26484 107726 38514 67435 3 90748 90748 2000 16112 674 1669 796325 641825 154500 52884 245171 135714 125136 558905 -404405 1 SCHOLARSHIP/STIPEND 124 795765 N/A 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. 1 X X X X 0 0 0 0 0 0 0 1 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 250000 0 45544 0 0 0 0 0 13566 0 309110 0 0 0 SCOTT ARNESON CFO 128420 0 7588 0 0 0 0 0 15443 0 151451 0 0 0 PART I, LINE 7 THE CEO AND CFO 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 8 59441 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 -145,963. 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.