2017-11-14T10:38:29-06:00 2017-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2016-07-01 841582086 POINT FOUNDATION POIN 3239331234 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 3239331234 2017-11-09 1 LIZBETH G NEVAREZ P01399868 3108731600 38.186.35.254 2017-11-09 14:51:29 PS P F9C10BE61D25E315D3C70BCF97B7FFDFBFC33783 46B8563FC91A3595C14D3D6C677F7172A9AF6B38 2016 2021-01-29 14:40:06Z JORGE VALENCIA 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 6539022 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 25 25 29 467 0 0 4019511 5294605 0 0 216837 210753 -356840 -390382 3879508 5114976 846781 781364 0 0 2067654 2009269 54000 66000 525479 1400991 1590583 4369426 4447216 -489918 667760 9970290 10821866 423182 339703 9547108 10482163 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 1368094 714756 SCHOLARSHIP & SCHOLAR SUPPORT: FOR THE 2016/17 ACADEMIC YEAR, 2,215 SCHOLARSHIP APPLICATIONS WERE COMPLETED AND SUBMITTED TO POINT. AFTER AN INTENSIVE REVIEW PROCESS, THE POOL WAS NARROWED DOWN TO 556 SEMIFINALISTS. AFTER FURTHER EVALUATION, 38 FINALISTS WERE BROUGHT TO LOS ANGELES FOR A FINALIST CELEBRATION DINNER AND FINAL INTERVIEWS. OF THE FINALISTS, 22 WERE SELECTED AS NEW SCHOLARS, JOINING 50 CONTINUING SCHOLARS FOR THE 2016/17 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 THE 2016/2017 INAUGURAL CLASS, 11 COMMUNITY COLLEGE STUDENTS WERE SELECTED FROM CALIFORNIA AND NEW YORK. 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. 69 COMMUNITY SERVICE PROJECTS WERE COMPLETED IN THE SPRING OF 2017. 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 PROGRAM TO PROVIDE CULTURALLY COMPETENT LGBT PROFESSIONAL DEVELOPMENT TRAINING FOR HIGH SCHOOL TEACHERS (2) A PROGRAM AND CLINIC TO ASSIST LOW INCOME INDIVIDUALS IN LEGAL NAME AND GENDER CHANGE (3) AN LGBTQ ELDERS ORAL HISTORY PROJECT FOSTERING INTERGENERATIONAL CONNECTIONS. 1004673 LEADERSHIP CONFERENCES & TRAINING: FOR 3 DAYS, IN JULY 2016, POINT HELD THEIR BIENNIAL NATIONAL LEADERSHIP CONFERENCE (NLC) IN WASHINGTON, D.C. IN TOTAL 195 PARTICIPANTS ATTENDED THE NLC INCLUDING POINT SCHOLARS AND ALUMNI, POINT BOARD AND STAFF MEMBERS AS WELL AS SPECIAL GUESTS, INVITED SPEAKERS AND PANELISTS. THE NLC IMMERSES POINT SCHOLARS INTO AN ENVIRONMENT OF INTERGENERATIONAL MENTORING WITH LGBTQ EXECUTIVES FROM THE CORPORATE WORLD, EDUCATORS, ARTISTS, SCIENTISTS, ATTORNEYS AND COMMUNITY LEADERS. THE PROGRAM ALSO STRENGTHENS OUR SCHOLARS' COMMITMENT TO LGBTQ COMMUNITY SERVICE, INCLUDING THE PLANNING OF EACH SCHOLAR'S ANNUAL COMMUNITY SERVICE PROJECT. HIGHLIGHTS FROM THE CONFERENCE INCLUDED A MEDIA PANEL, STATE OF THE ELECTION WITH CHRIS GEIDNER, LEGAL EDITOR, BUZZFEED NEWS; AND ADAM TEICHOLZ, PRODUCER OF "THIS WEEK WITH GEORGE STEPHANOPOULOS".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 JULY 2017 POINT HELD A LAW & POLICY LEAD IN WASHINGTON D.C.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. FOR THE 2017 LOS ANGELES RLF, WE PARTNERED WITH THE LGBT CENTER AND INVITED THEIR YOUTH TO PARTICIPATE IN OUR PROGRAM AND LEARN MORE ABOUT POINT'S COMMUNITY COLLEGE SCHOLARSHIP AWARD. ADDITIONALLY, RECIPIENTS OF THE ELTON JOHN AIDS FOUNDATION INTERNSHIPS FROM THE PREVIOUS YEAR SHOWCASED THEIR EFFORTS IN THE FIGHT TO PREVENT HIV. SIX ADDITIONAL RLFS WERE HELD IN 2016/2017. THESE WERE HELD IN CHICAGO, DURHAM, BOSTON, NEW YORK CITY, WASHINGTON D.C. AND SAN FRANCISCO. 436388 4200 SCHOLAR SELECTIONS: WHILE CURRENT SCHOLARS WORKED THEIR WAY THROUGH THE ACADEMIC YEAR, POINT WENT ABOUT THE BUSINESS OF SELECTING SCHOLARS FOR THE 2017/18 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 POINT'S MOST DIVERSE SCHOLAR CLASS TO DATE: 67 PERCENT OF THE NEW SCHOLARS ARE PEOPLE OF COLOR; 37 PERCENT OF THE NEW SCHOLARS ARE THE FIRST-GENERATION IN THEIR FAMILY TO GO TO COLLEGE; 48 PERCENT OF THE NEW SCHOLARS IDENTIFY AS EITHER TRANSGENDER OR GENDER NONCONFORMING.FROM NOVEMBER 2016 TO JANUARY 2017, 2,102 HOPEFUL STUDENTS SUBMITTED SCHOLARSHIP APPLICATIONS FOR THE 2017/18 ACADEMIC YEAR. AFTER THE FIRST STAGE OF REVIEWS, THE SELECTIONS COMMITTEE IDENTIFIED 675 SEMIFINALISTS. DURING THE NEXT ROUND OF SELECTIONS, 41 FINALISTS WERE CHOSEN. ULTIMATELY, 27 NEW SCHOLARS WERE SELECTED TO JOIN 46 CONTINUING SCHOLARS FOR THE 2017/18 ACADEMIC YEAR.ON THE COMMUNITY COLLEGE FRONT, POINT SELECTED 25 NEW STUDENTS FROM ACROSS THE COUNTRY TO PARTICIPATE IN THE 2017/18 PROGRAM. 596888 62408 SCHOLAR MENTORING: POINT MENTORS WERE SELECTED AND ASSIGNED TO EACH OF THE 27 NEW SCHOLARS WHO JOINED POINT IN 2016/2017. TRAINING AND SUPPORT FOR MENTORS WAS PROVIDED BY WAY OF THREE FORUMS - TWO GENERAL OPEN FORUMS IN FALL AND SPRING, AS WELL AS A SPECIAL ELECTION FORUM IN JANUARY - 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. THE SPECIAL ELECTION FORUM ALSO WELCOMED GUESTS FROM LAMBDA LEGAL AND TREVOR PROJECT TO DISCUSS POST-ELECTION LEGAL LANDSCAPES AND PERSONAL SUPPORT PRAXES. 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 2016/2017, THE COMMITTEE ALSO BEGAN 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 2016, SPRING 207, SUMMER 2017 INTERNS SERVED IN: SACRAMENTO, CA; LOS ANGELES, CA; MENLO PARK, CA; RALEIGH, NC, DURHAM, NC; NEW YORK, NY; AND KILIFI, KENYA. FOR THE SIXTH 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 2017, ONE SCHOLAR WORKED AT THE INTER-AMERICAN COMMISSION OF HUMAN RIGHTS IN THE DIVISION OF PUBLIC AND THE OTHER INTERN WORKED AT THE ATTIC YOUTH CENTER PLANNING AND COORDINATING THE THRIVE PROJECT, A CURRICULUM FOR OLDER YOUTH THAT HAVE AGED OUT OF HIGH SCHOOL PROGRAMMING. ALUMNI: IN 2016/2017 POINT REFORMED THE ALUMNI COMMITTEE AND BEGAN TO RESTRUCTURE ITS ALUMNI PROGRAMMING. AS PART OF THESE EFFORTS, A RECORD BREAKING NUMBER OF 68 ALUMNI CONVENED AT THE NLC WITH MODERATOR NICOLE ALLIO, ASSISTANT DIRECTOR OF YOUNG ALUMNI PROGRAMS AT GEORGE WASHINGTON UNIVERSITY TO DISCUSS BEST PRACTICES FOR BUILDING A DYNAMIC AND SUSTAINABLE ALUMNI COMMUNITY. THIS DISCUSSION ALLOWED POINT ALUMNI AND PROGRAM STAFF TO EXPLORE IDEAS ON HOW ALUMNI CAN BETTER SUPPORT EACH OTHER, THE SCHOLARS, AND REENGAGE LAPSED ALUMNI. FOR THE UPCOMING YEAR, ALUM AND BOARD DIRECTOR PETE SUBKOVIAK IS SERVING AS THE CHAIR OF THE ALUMNI COMMITTEE, WHICH ALSO COMPRISES A DIVERSE GROUP OF ALUMNI FROM VARIOUS GEOGRAPHIC REGIONS AND CLASS YEARS WITHIN POINT. THE COMMITTEE'S FIRST NEW PROGRAM WAS THE LAUNCH OF "OFFICE HOURS" - PERSONALIZED ONE-ON-ONE CAREER PLANNING MEETINGS, CONDUCTED VIA SKYPE OR TELEPHONE, WITH RUSS FINKELSTEIN (FRIEND OF POINT, FOUNDER OF IDEALIST.ORG AND CLEARLYNEXT.COM). BY JUNE 2017 THE TOTAL NUMBER OF POINT ALUMNI WAS 270. 596888 62408 3406043 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 35 0 1 29 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 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 CLAUDIA CAINE CO-CHAIR 10.00 X X 0 0 0 JAMES CUMMINGS CO-CHAIR 10.00 X X 0 0 0 JAMES WILLIAMS VICE-CHAIR 10.00 X X 0 0 0 SALMAN AZHAR MD SECRETARY 3.00 X X 0 0 0 ALAN GUNO TREASURER 10.00 X X 0 0 0 GLEN ACKERMAN RESIGNED BOARD MEMBER 3.00 X 0 0 0 MARIO ACOSTA-VELEZ BOARD MEMBER 3.00 X 0 0 0 CHRIS BAKER RESIGNED BOARD MEMBER 3.00 X 0 0 0 JENNIFER BARBETTA BOARD MEMBER 3.00 X 0 0 0 CHRIS BOYLE 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 JASON DECKER RESIGNED BOARD MEMBER 3.00 X 0 0 0 BRIAN DENT BOARD MEMBER 3.00 X 0 0 0 SHELLEY FREEMAN RESIGNED BOARD MEMBER 3.00 X 0 0 0 LOUIS GARY BOARD MEMBER 3.00 X 0 0 0 PETER LICHTENTHAL BOARD MEMBER 3.00 X 0 0 0 RYAN MILLER BOARD MEMBER 3.00 X 0 0 0 ANDY ORTIZ BOARD MEMBER 3.00 X 0 0 0 JAMES PATTON III BOARD MEMBER 3.00 X 0 0 0 JOHN PENCE BOARD MEMBER 3.00 X 0 0 0 CLAY PETRE BOARD MEMBER 3.00 X 0 0 0 GAUTAM RAGHAVAN BOARD MEMBER 3.00 X 0 0 0 CASEY RYAN 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 JEN WOHLNER BOARD MEMBER 3.00 X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 70.00 X 294663 0 13768 SCOTT ARNESON CFO 50.00 X 130484 0 15711 ADAM D CROWLEY DEVELOPMENT DIRECTOR - WEST 50.00 X 109838 0 8821 HECTOR D GARZA DEVELOPMENT DIRECTOR - EAST 50.00 X 107416 0 9044 NANCI GLOGAUER CHIEF OF STAFF 55.00 X 165568 0 3708 807969 0 51052 5 0 1 0 0 732177 4562428 41514 5294605 210342 210342 892250 891839 411 411 411 141825 732177 532207 -390382 -390382 5114976 0 0 -179629 781364 781364 460067 310440 66572 83055 1280584 864101 185302 231181 133852 90319 19368 24165 134766 90936 19501 24329 1036 1036 31850 31850 66000 66000 2614 2614 74547 72190 2357 341995 245599 73718 22678 2453 2453 116995 92013 17412 7570 542316 508130 8423 25763 91905 73681 18224 69792 54889 10387 4516 21222 16691 3158 1373 PUBLIC AWARENESS/PROMO. 210373 177466 13125 19782 LEADERSHIP TRAINING EXP 30134 15067 15067 53351 10704 42647 4447216 3406043 515694 525479 993903 1096827 1505289 1031499 1809345 2553201 83358 58333 420740 343766 142127 76974 5336278 5942946 99990 62086 9970290 10821866 423182 339703 423182 339703 X 3302549 3002410 3862226 5092357 2382333 2387396 9547108 10482163 9970290 10821866 X 667760 382437 -115142 X X 0 1 X 1 0 X 3358063 3604916 6330407 4019511 5294605 22607502 3358063 3604916 6330407 4019511 5294605 22607502 4672232 17935270 97396 191083 272952 202166 210342 973939 20044 20044 23601485 0.75990 0.79250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5742331 5063 591175 82526 6256043 5702219 64846 57578 109479 5742331 5377161 306005 125329 106276 5702219 4759759 2455 697141 82194 5377161 3820101 630215 402604 93161 4759759 0.46750 0.38160 0.15090 0 0 27167 14725 12442 393573 329041 64532 76974 5698311 382437 316040 698477 4999834 115142 115142 5114976 4763256 316040 316040 4447216 0 4447216 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 115,142. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 422598 66000 422598 422598 66000 422598 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 342400 248575 93825 15000 127403 83565 46843 LA POINT HONORS 381650 333650 48000 10900 84763 107289 11159 3 149952 149952 13785 28961 1887 652 874002 732177 141825 39685 241127 192741 58654 532207 -390382 1 SCHOLARSHIP/STIPEND 113 781364 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. X X X X 1 0 0 0 0 0 0 1 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 248000 0 46663 0 0 0 0 0 13768 0 308431 0 0 0 NANCI GLOGAUER CHIEF OF STAFF 165568 0 0 0 0 0 0 0 3708 0 169276 0 0 0 PART I, LINE 4A THE CHIEF OF STAFF RECIEVED A SEVERANCE PAYMENT OF $29,688. PART I, LINE 7 THE CEO RECEIVED A BONUS IN THE CURRENT YEAR. BONUSES ARE DETERMINED BY THE BOARD OF DIRECTORS AND ARE BASED UPON COMPLETION OF GOALS AND OVERALL PERFORMANCE DURING THE YEAR. X 10 41514 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 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 -115,142. 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.