2017-01-25T15:53:05-06:00 2016-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2015-07-01 841582086 POINT FOUNDATION POIN 3239331234 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 3239331234 2017-01-13 1 LAUREN A HAVERLOCK P00545829 3108731600 2015 2021-01-29 14:40:06Z JORGE VALENCIA 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 5330973 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 31 31 27 408 0 0 6330407 4019511 0 0 574868 216837 0 -356840 6905275 3879508 803364 846781 0 0 1853270 2067654 42104 54000 691531 1552528 1400991 4251266 4369426 2654009 -489918 10563608 9970290 308042 423182 10255566 9547108 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 1456997 773468 0 SCHOLARSHIP & SCHOLAR SUPPORT: FOR THE 2015/16 ACADEMIC YEAR, 1,998 SCHOLARSHIP APPLICATIONS WERE COMPLETED AND SUBMITTED TO POINT. AFTER AN INTENSIVE REVIEW PROCESS, THE POOL WAS NARROWED DOWN TO 525 SEMIFINALISTS. AFTER FURTHER EVALUATION, 47 FINALISTS WERE BROUGHT TO LOS ANGELES FOR A FINALIST CELEBRATION DINNER AND FINAL INTERVIEWS. OF THE FINALISTS, 36 WERE SELECTED AS NEW SCHOLARS, JOINING 47 CONTINUING SCHOLARS FOR THE 2015/16 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.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. 80 COMMUNITY SERVICE PROJECTS WERE COMPLETED IN THE SPRING OF 2016. 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 HIGH SCHOOL MENTORING PROGRAM FOR INCREASING LGBTQ DIVERSITY IN STEM FIELDS; (2) A TRAINING PROGRAM FOR HEALTHCARE PROVIDERS ON BEST PRACTICES FOR CARING FOR TRANSGENDER PATIENTS; (3) A LEADERSHIP DEVELOPMENT PROGRAM PROVIDING POLITICAL TRAINING FOR LGBTQ YOUTH. 785600 0 0 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 2015/2016, POINT HOSTED LEAD CONSORTIUMS FOCUSED ON BUSINESS AND HEALTH/MEDICINE. THE BUSINESS, CONSULTING & FINANCE LEAD CONSORTIUM WAS HELD IN NEW YORK CITY IN JULY 2015. THE CONFERENCE KICKED OFF WITH A DYNAMIC PRESENTATION BY DENNIS WILLIAMS, HBO VICE PRESIDENT, CORPORATE SOCIAL RESPONSIBILITY. THE OPENING SESSION WAS FOLLOWED BY A DINNER SESSION ON NETWORKING LED BY POINT EXECUTIVE DIRECTOR & CEO JORGE VALENCIA, AND ATTENDED BY SCHOLARS, ALUMS, BOARD MEMBERS, MEMBERS, AND GUESTS FROM WELLS FARGO, ERNST & YOUNG, KPMG AND TOWERS WATSON. SCHOLARS THEN PARTICIPATED IN JOB SHADOWS WITH WELLS FARGO, ERNST & YOUNG, NYC COUNCILMEMBER RITCHIE TORRES, NYU LUTHERAN MEDICAL ARTS PAVILION, AND OTHERS. FOLLOWING JOB SHADOWS, CONFERENCE ATTENDEES WERE INVITED TO WELLS FARGO FOR AN EXCLUSIVE TOUR OF THE TRADING FLOOR AND ADDITIONAL FINANCE SESSIONS PRESENTED BY WELLS FARGO'S TOP EXECUTIVES. OTHER INSTRUCTIONAL SESSIONS AND PANELS DURING THE WEEKEND INCLUDED HOW TO GET HIRED: FROM RESUMES TO INTERVIEWS; IDENTITIES IN THE WORKPLACE; AND HOW I GOT HERE. THESE SESSIONS WERE LED BY REPRESENTATIVES OF KPMG, PWC, TIME WARNER, INC., IMMIGRATION EQUALITY, ACCENTURE, EMBLEM HEALTH, AND THE BARCLAYS CENTER.THE HEALTH & MEDICINE LEAD CONSORTIUM, WAS HELD IN JANUARY 2016 IN SAN FRANCISCO GATHERING OVER 60 MEMBERS OF THE POINT COMMUNITY SPECIALIZING WITHIN THE FIELDS. GUEST SPEAKERS AND PANELISTS COVERED A WIDE RANGE OF SUBJECTS INCLUDING: LGBT HEALTH RESEARCH, PATHWAYS TO MEDICAL SCHOOL, HEALTH POLICY CAREERS, MEDICAL-LEGAL PARTNERSHIPS, AND HIV HEALTHCARE. A HIGHLIGHT OF THE WEEKEND WAS HEARING FROM THE FIRST GROUP OF 12 SCHOLARS WHO COMPLETED INTERNSHIPS GENEROUSLY FUNDED BY THE ELTON JOHN AIDS FOUNDATION (EJAF). SCOTT CAMPBELL, EXECUTIVE DIRECTOR OF EJAF, MODERATED A PANEL FEATURING SCHOLARS REPORTING BACK ON INTERNSHIP EXPERIENCES WITH HIV PREVENTION OUTREACH AT ORGANIZATIONS AROUND THE U.S. 423584 3600 0 SCHOLAR SELECTIONS: WHILE CURRENT SCHOLARS WORKED THEIR WAY THROUGH THE ACADEMIC YEAR, POINT WENT ABOUT THE BUSINESS OF SELECTING SCHOLARS FOR THE 2016/17 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: 50 PERCENT OF THE NEW SCHOLARS ARE PEOPLE OF COLOR; 36 PERCENT OF THE NEW SCHOLARS ARE THE FIRST-GENERATION IN THEIR FAMILY TO GO TO COLLEGE; 41 PERCENT OF THE NEW SCHOLARS IDENTIFY AS EITHER TRANSGENDER OR GENDER NONCONFORMING; AND THE ENTIRE CLASS REPRESENTS 17 STATES AND THREE COUNTRIES.FROM NOVEMBER 2015 TO JANUARY 2016, 1,998 HOPEFUL STUDENTS SUBMITTED SCHOLARSHIP APPLICATIONS FOR THE 2016/17 ACADEMIC YEAR. AFTER THE FIRST STAGE OF REVIEWS, THE SELECTIONS COMMITTEE IDENTIFIED 525 SEMIFINALISTS. DURING THE NEXT ROUND OF SELECTIONS, 47 FINALISTS WERE CHOSEN. ULTIMATELY, 22 NEW SCHOLARS WERE SELECTED TO JOIN 51 CONTINUING SCHOLARS FOR THE 2016/17 ACADEMIC YEAR. 568418 69713 SCHOLAR MENTORING: POINT MENTORS WERE SELECTED AND ASSIGNED TO EACH OF THE 36 NEW SCHOLARS WHO JOINED POINT IN 2015/16. TRAINING AND SUPPORT FOR MENTORS WAS PROVIDED BY WAY OF TWO OPEN FORUMS ONE IN THE FALL AND ONE IN THE 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 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.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 LAUNCHED 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, ORGANIZATION WERE SERVED IN SAN FRANCISCO, OAKLAND, LOS ANGELES, PHILADELPHIA, CHICAGO, AND BIRMINGHAM, ALABAMA. FOR THE FIFTH 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 2016, POINT SCHOLAR NICOLE STERLING SERVED AS AN INTERN AT THE INTERNATIONAL YOUTH FOUNDATION (IYF) WHERE SHE LEARNED ABOUT THE INTERSECTION OF LGBTQ ISSUES AND INTERNATIONAL YOUTH DEVELOPMENT.ALUMNI: IN 2015/2016 POINT ENGAGED IN EFFORTS TO RESTRUCTURE ITS PROGRAMS FOR ALUMNI. 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, POINT HAS PROPOSED TO SHIFTS ITS ALUMNI PROGRAMMING TO A REGIONAL FOCUS. THIS WILL BETTER ESTABLISH NETWORKS FOR POINT ALUMNI AND ENCOURAGE THAT THEY PLAN EVENTS AND ACTIVITIES WITH THEIR OWN RESOURCES THAT ADDRESS THE NEEDS OF THEIR LOCAL GROUP. OVER THE PAST YEAR, THE ALUMNI RELATIONS SUBCOMMITTEE HAS PRODUCED TWO FUNDRAISING EVENTS FOR YOUNG PROFESSIONALS IN NEW YORK AND SAN FRANCISCO. BY JUNE 2016 THE TOTAL NUMBER OF POINT ALUMNI WAS 244. 568418 69713 3234599 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 43 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 X 31 31 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 KEVIN CHASE CO-CHAIR 15.00 X X 0 0 0 JAMES CUMMINGS CO-CHAIR 15.00 X X 0 0 0 JENNIFER BARBETTA VICE CHAIR 10.00 X X 0 0 0 RON RUDOLPH TREASURER 10.00 X X 0 0 0 GAUTAM RAGHAVAN SECRETARY 10.00 X X 0 0 0 GLEN ACKERMAN BOARD MEMBER 5.00 X 0 0 0 SHARON BRACKETT BOARD MEMBER 5.00 X 0 0 0 CLAUDIA CAINE BOARD MEMBER 5.00 X 0 0 0 MITCH DRAIZIN BOARD MEMBER 5.00 X 0 0 0 RON FALCON MD BOARD MEMBER 5.00 X 0 0 0 LOUIS GARY BOARD MEMBER 5.00 X 0 0 0 ALAN GUNO BOARD MEMBER 5.00 X 0 0 0 KIM HACKFORD-PEER BOARD MEMBER 5.00 X 0 0 0 ASHLAND JOHNSON BOARD MEMBER 5.00 X 0 0 0 RYAN MILLER BOARD MEMBER 5.00 X 0 0 0 ANDY ORTIZ BOARD MEMBER 5.00 X 0 0 0 CALEN OUELLETTE BOARD MEMBER 5.00 X 0 0 0 JAMES PATTON III BOARD MEMBER 5.00 X 0 0 0 JOHN PENCE BOARD MEMBER 5.00 X 0 0 0 CLAY PETRE BOARD MEMBER 5.00 X 0 0 0 CASEY RYAN BOARD MEMBER 5.00 X 0 0 0 KYLE SPAINHOUR BOARD MEMBER 5.00 X 0 0 0 DAN STIFFLER BOARD MEMBER 5.00 X 0 0 0 KEN THAXTON BOARD MEMBER 5.00 X 0 0 0 JAMES WILLIAMS BOARD MEMBER 5.00 X 0 0 0 JOHN WOLFARTH BOARD MEMBER 5.00 X 0 0 0 CHRIS BAKER BOARD MEMBER 10.00 X 0 0 0 CHRIS BOYLE BOARD MEMBER 10.00 X 0 0 0 SHELLEY FREEMAN BOARD MEMBER 10.00 X 0 0 0 RICHARD ZIEGELASCH BOARD MEMBER 5.00 X 0 0 0 SALMAN AZHAR MD BOARD MEMBER 5.00 X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 65.00 X 285988 0 9879 SCOTT ARNESON CFO 50.00 X 129722 0 11250 NANCI GLOGAUER CHIEF OF STAFF 55.00 X 138717 0 4262 HECTOR D GARZA DEVELOPMENT DIRECTOR - EAST 50.00 X 115315 0 6714 ADAM D CROWLEY DEVELOPMENT DIRECTOR - WEST 50.00 X 100987 0 6592 770729 0 38697 5 0 1 0 0 732137 3287374 67903 4019511 202166 202166 947456 932785 14671 14671 14671 141796 732137 518680 -376884 -376884 OTHER INCOME 900099 20044 20044 20044 3879508 0 0 -140003 3000 3000 843781 843781 454600 294365 57615 102620 1325713 858432 168018 299263 132469 85776 16789 29904 154872 100284 19628 34960 3778 3778 31100 31100 54000 54000 9778 9778 13627 13627 284650 192367 68165 24118 1657 1657 116215 93204 15263 7748 183974 132754 12930 38290 7141 7141 89046 71415 11695 5936 18025 14456 2367 1202 PUBLIC AWARENESS/PROMO. 241334 199433 12256 29645 LEADERSHIP/ALUMNI CONF. 158965 158965 LEADERSHIP TRAINING EXP 129738 65893 63845 OTHER SCHOLARSHIP EXP. 99650 99650 12313 5540 6773 4369426 3234599 443296 691531 744638 993903 980476 1505289 3130714 1809345 39665 83358 428703 286576 150217 142127 5463627 5336278 54271 99990 10563608 9970290 308042 423182 308042 423182 X 3795335 3302549 4142744 3862226 2317487 2382333 10255566 9547108 10563608 9970290 X -489918 -151016 -67524 X X 0 1 X 1 0 X 4300933 3358063 3604916 6330407 4019511 21613830 4300933 3358063 3604916 6330407 4019511 21613830 3811121 17802709 65385 97396 191083 272952 202166 828982 20044 20044 22462856 0.79250 0.79170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5702219 64846 57578 109479 5742331 5377161 306005 125329 106276 5702219 4759759 2455 697141 82194 5377161 3820101 630215 402604 93161 4759759 3255334 638060 -5842 67451 3820101 0.47000 0.41000 0.12000 0 0 27167 9110 18057 401536 277466 124070 142127 3811216 -151016 150248 -768 3811984 67524 67524 3879508 4519674 150248 150248 4369426 0 4369426 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 67,524. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 271507 54000 217507 271507 54000 217507 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 471350 395750 75600 46835 62553 68844 47571 LA VOICES ON POINT 361059 318563 42496 6574 87678 63700 27736 4 41524 17824 23700 17490 22999 62126 4574 873933 732137 141796 70899 173230 194670 79881 518680 -376884 1 SCHOLARSHIP/STIPEND 111 843781 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 0 0 0 0 0 0 0 1 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 238056 0 47932 0 0 0 0 0 9879 0 295867 0 0 0 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 8 67903 FMV 0 1 1 PART I, COLUMN (B): NON CASH DONATIONS ARE LISTED BY TOTAL NUMBER OF DONORS PART I, LINE 32B: THE ORGANIZATION'S BROKER IS UNDER A STANDING ORDER TO SELL ALL STOCK GIFTS WHEN RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 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 -67,524. 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.