2015-12-15T09:51:03-06:00 2015-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2014-07-01 841582086 POINT FOUNDATION POIN 3239331234 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 3239331234 2015-12-11 1 PATRIZIA C COPPING P00200096 3108731600 2014 2016-04-25 22:37:26Z JORGE VALENCIA 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 9663861 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 34 34 18 384 0 0 3604916 6330407 0 0 189417 574868 0 0 3794333 6905275 738216 803364 0 0 1791441 1853270 43807 42104 613846 1402366 1552528 3975830 4251266 -181497 2654009 8454860 10563608 345459 308042 8109401 10255566 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 1381369 754570 SCHOLARSHIP & SCHOLAR SUPPORT:FOR THE 2014/15 ACADEMIC YEAR, 2,093 SCHOLARSHIP APPLICATIONS WERE COMPLETED AND SUBMITTED TO POINT. AFTER AN INTENSIVE REVIEW PROCESS, THE POOL WAS NARROWED DOWN TO 575 SEMIFINALISTS. AFTER FURTHER EVALUATION, 36 FINALISTS WERE BROUGHT TO SAN FRANCISCO FOR A FINALIST CELEBRATION DINNER AND FINAL INTERVIEWS. OF THE FINALISTS, 23 WERE SELECTED AS NEW SCHOLARS, JOINING 59 CONTINUING SCHOLARS FOR THE 2014/15 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 ACADEMIC & PROJECT PROGRAM MANAGER, AND THEIR POINT MENTOR, POINT SCHOLARS DESIGNED, COORDINATED AND EXECUTED AN ANNUAL COMMUNITY SERVICE PROJECT BENEFITING THE LGBTQ COMMUNITY. 74 COMMUNITY SERVICE PROJECTS WERE COMPLETED IN THE SPRING OF 2015. 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 DOCUMENTARY ABOUT SEVEN YOUNG LGBTQ YOUNG ADULTS, DISCUSSING THEIR LIVES, HOPES, DREAMS, CHOICES, AND CHALLENGES WHILE LIVING IN NEW YORK CITY; (2) THE DEVELOPMENT OF A PHYSICIAN AND PATIENT GUIDE TO PREP (PRE-EXPOSURE PROPHYLAXIS) FOR USE AT THE UCSF GENERAL MEDICINE CLINIC; (3) A SEXUAL EDUCATION PROGRAM TAUGHT BY COLLEGE STUDENTS FOR COLLEGE STUDENTS THAT USES A SOCIAL JUSTICE FRAMEWORK TO DISCUSS ISSUES RELATED TO SEX AND INTIMACY THAT ARE OFTEN NEGLECTED IN TRADITIONAL SEX EDUCATION SETTINGS. 937776 LEADERSHIP CONFERENCES & TRAINING:THE JULY 2014 SCHOLAR & ALUMNI LEADERSHIP CONFERENCE (SALC) IN BOSTON JOINED 120 SCHOLARS AND ALUMNI WITH POINT BOARD MEMBERS, STAFF, AND SPECIAL GUESTS FOR 4 DAYS. HIGHLIGHTS AMONG THE MANY SESSIONS AND ACTIVITIES WERE THE POINT LEADERSHIP DINNER, WHICH HONORED JASON COLLINS, THE FIRST OPENLY GAY PLAYER IN NBA, WHO WAS PRESENTED THE AWARD BY U.S. REPRESENTATIVE JOE P. KENNEDY, III; A CONVERSATION WITH NEW YORK TIMES BEST-SELLING AUTHOR AND ADVOCATE JANET MOCK, A STATE OF THE COMMUNITY SESSION LED BY WHITE HOUSE LGBT LIAISON GAUTAM RAGHAVAN, AND A SCREENING OF THE AMAZON SERIES TRANSPARENT AND THE DOCUMENTARY TWO: THE STORY OF ROMAN AND NYRO. INTERACTIVE POSTER SESSIONS ALLOWED SCHOLARS AND ALUMNI TO PRESENT THEIR COMMUNITY SERVICE PROJECTS COMPLETED IN THE PRIOR YEAR OR THEIR ACADEMIC RESEARCH IN THE CASE OF PHD SCHOLARS. SCHOLARS ALSO SPEARHEADED THE PLANNING AND PRESENTATION OF A SPECIAL SESSION ON INTERSECTIONALITY AND IDENTITY.POINT HELD REGIONAL LEADERSHIP FORUMS (RLFS) IN FOUR OF THE POINT TRUSTEE REGIONS: CHICAGO, BOSTON, WASHINGTON, DC, AND SAN FRANCISCO. CHICAGO ATTENDEES SPENT THE DAY IN ON A DESIGN THINKING EXERCISE TO HELP AN AREA NONPROFIT DEVELOP GROWTH STRATEGIES. ALL OTHER CITIES STUDIED A "COMPASSION IN ACTION" CURRICULUM DEVELOPED BY DALAI LAMA FELLOWS. BEYOND THE SPECIFIC ACTIVITIES, EACH ONE-DAY RLF FOCUSED ON INTERGENERATIONAL MENTORING AS WELL AS LEADERSHIP AND SERVICE WITHIN THE LGBTQ COMMUNITY.POINT LAUNCHED A NEW CONFERENCE SERIES IN MARCH 2015, THE LEADERSHIP EDUCATION & AFFINITIES DEVELOPMENT (LEAD) CONSORTIUM. EACH CONSORTIUM IS FOCUSED ON A SPECIFIC CAREER FIELD TO PROVIDE A MORE IN-DEPTH AND PERSONALIZED PROFESSIONAL DEVELOPMENT EXPERIENCE TO POINT SCHOLARS AND ALUMNI. THE FIRST LEAD FOCUSED ON ARTS, COMMUNICATIONS & ENTERTAINMENT. APPROXIMATELY 50 SCHOLARS, ALUMS, BOARD MEMBERS, MENTORS, AND STAFF ATTENDED THE LOS ANGELES LEAD. PARTICIPANTS WERE MATCHED ONE-ON-ONE WITH PROFESSIONALS FOR A DAY-LONG JOB SHADOW EXPERIENCE. OTHER SESSIONS COVERED AT THE TWO-DAY EVENT INCLUDED NETWORKING, SEEKING ALTERNATIVE FUNDING IN THE ARTS, AND REMARKS FROM ENTERTAINMENTTONIGHT.COM EDITOR AND POINT MENTOR SHANA NAOMI KROCHMAL AND NATIONAL ALLIANCE FOR MEDIA ARTS AND CULTURE EXECUTIVE DIRECTOR WENDY LEVY. SIX L.A. AREA STUDENTS WERE RECRUITED FROM LAUSD AND THE LOS ANGELES LGBT CENTER TO JOIN THE LEAD AS COMMUNITY SCHOLARS, MARKING A FIRST STEP IN EXPANDING OUR LEADERSHIP PROGRAM BEYOND THE TRADITIONAL POINT FAMILY. 425707 3000 SCHOLAR SELECTIONS:WHILE CURRENT SCHOLARS WORKED THEIR WAY THROUGH THE ACADEMIC YEAR, POINT WENT ABOUT THE BUSINESS OF SELECTING SCHOLARS FOR THE 2015/16 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, INCLUDING THE U.S. SOUTH. THESE OUTREACH EFFORTS RESULTED IN POINT'S MOST DIVERSE SCHOLAR CLASS TO DATE: 50 PERCENT OF THE NEW SCHOLARS ARE PEOPLE OF COLOR; 47 PERCENT OF THE NEW SCHOLARS ARE ORIGINALLY FROM THE SOUTH; 28 PERCENT OF THE NEW SCHOLARS ARE THE FIRST-GENERATION IN THEIR FAMILY TO GO TO COLLEGE; 36 PERCENT OF THE NEW SCHOLARS IDENTIFY AS EITHER TRANSGENDER OR GENDER NONCONFORMING.FROM NOVEMBER 2014 TO JANUARY 2015, 1,998 HOPEFUL STUDENTS SUBMITTED SCHOLARSHIP APPLICATIONS FOR THE 2015/16 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, 36 NEW SCHOLARS WERE SELECTED TO JOIN 47 CONTINUING SCHOLARS FOR THE 2015/16 ACADEMIC YEAR. 442677 45794 SCHOLAR MENTORING: POINT MENTORS WERE SELECTED AND ASSIGNED TO EACH OF THE 22 NEW SCHOLARS WHO JOINED POINT IN 2014/15. 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 RLFS WITH THEIR MENTEE. 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 FOUNDATION GREATLY EXPANDED THE SCHOLAR INTERNSHIP WITH THE INTRODUCTION OF THE ELTON JOHN AIDS FOUNDATION (EJAF) INTERNSHIPS. 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, LOS ANGELES, NEW YORK CITY, MEMPHIS, ATLANTA, PHILADELPHIA, CHICAGO, BIRMINGHAM, ALABAMA AND SOUTH HADLEY, MASSACHUSETTS. FOR THE FIFTH YEAR, POINT FOUNDATION ALSO COLLABORATED WITH A FUNDING FOUNDATION TO OFFER A SUPERVISED LGBT NONPROFIT INTERNSHIP PROGRAM. 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 2015, POINT SCHOLAR AUDREY STEWART SERVED AS AN INTERN IN THE DEVELOPMENT DEPARTMENT AT ATHLETE ALLY IN NEW YORK CITY, WHERE SHE GAINED SKILLS IN GRANT WRITING AND CONTRIBUTED TO DONOR RESEARCH. ALUMNI: IN THE 2014/2015 PROGRAM POINT CONTINUED TO EXPAND ITS PROGRAMS FOR ALUMNI. AN ACADEMIC WRITING GROUP WAS ESTABLISHED TO SUPPORT SCHOLARS AND ALUMNI WHO ARE WRITING THEIR PHD DISSERTATIONS AND OTHER PUBLICATIONS. ADDITIONALLY, AN ONLINE GRADUATE EDUCATION FORUM WAS CREATED TO BE USED AS AN INTERNAL TOOL FOR SCHOLARS TO SHARE INFORMATION WITH EACH OTHER ABOUT GRADUATE PROGRAMS. A VOLUNTEER SCHOLAR & ALUMNI SPEAKER'S BUREAU WAS ALSO ESTABLISHED TO PROVIDE OUTSIDE ORGANIZATIONS WITH EXPOSURE TO OUR NETWORK AND REQUEST SPEAKERS WHO ARE EXPERTS IN FIELDS SUCH AS ACADEMIA, ACTIVISM, BEING LGBTQ IN THE WORKPLACE, GENDER, RACE, SOCIAL JUSTICE, AND HIV. LASTLY, A WELLNESS ADVISORY COUNCIL WAS FORMED TO SUPPORT STAFF MEMBERS WHO WORK WITH SCHOLARS THAT ARE EXPERIENCING ACADEMIC, SOCIAL, MEDICAL OR EMOTIONAL DIFFICULTIES. OVER THE PAST YEAR, THE ALUMNI RELATIONS SUBCOMMITTEE HAS PRODUCED TWO FUNDRAISING EVENTS FOR YOUNG PROFESSIONALS IN NEW YORK AND SAN FRANCISCO. THEY ALSO PILOTED A WOMEN'S EVENT IN NEW YORK IN CONJUNCTION WITH COLUMBIA UNIVERSITY.BY JUNE 2015 THE TOTAL NUMBER OF POINT ALUMNI WAS 214. 442677 45794 3187529 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 24 0 18 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 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 GLEN ACKERMAN BOARD MEMBER 5.00 X 0 0 0 SHARON BRACKETT BOARD MEMBER 5.00 X 0 0 0 BRIAN BRANTON BOARD MEMBER 5.00 X 0 0 0 MARK BRAUN 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 SHELLEY FISCHEL 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 GAUTAM RAGHAVAN BOARD MEMBER 5.00 X 0 0 0 RON RUDOLPH BOARD MEMBER 5.00 X 0 0 0 CASEY RYAN BOARD MEMBER 5.00 X 0 0 0 KELLI SMITH-BAILEY 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 JONAH TROUT 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 CO-CHAIR 15.00 X X 0 0 0 KEVIN CHASE CO-CHAIR 15.00 X X 0 0 0 JAMES CUMMINGS VICE CHAIR 10.00 X X 0 0 0 JENNIFER BARBETTA TREASURER 10.00 X X 0 0 0 CALEN OUELLETTE SECRETARY 10.00 X X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 65.00 X 298500 0 16166 SCOTT ARNESON CFO 50.00 X 126237 0 16273 NANCI GLOGAUER CHIEF OF STAFF 55.00 X 129594 0 4416 HECTOR D GARZA DEVELOPMENT DIRECTOR - EAST 50.00 X 111640 0 10292 665971 0 47147 4 0 1 0 0 631009 5699398 762384 6330407 272952 272952 2501048 2199132 301916 301916 301916 559454 631009 559454 0 6905275 0 0 574868 803364 803364 435291 279743 59858 95690 1163094 747472 159938 255684 135296 86949 18605 29742 119589 76855 16445 26289 774 774 30451 17766 12685 42104 42104 11871 11871 65942 65942 305263 197060 65059 43144 2651 2651 115374 85377 12287 17710 181028 126003 14376 40649 6949 6949 79454 58796 8462 12196 20459 15139 2179 3141 LEADERSHIP/ALUMNI CONF. 392456 392456 PUBLIC AWARENESS/PROMO. 163386 122634 2717 38035 OTHER SCHOLARSHIP EXP. 96128 96128 LEADERSHIP TRAINING EXP 18925 9463 9462 61417 3731 57686 4251266 3187529 449891 613846 433868 744638 1517580 980476 1274027 3130714 107547 39665 368140 217923 137135 150217 4902862 5463627 81841 54271 8454860 10563608 345459 308042 345459 308042 X 3165802 3795335 2932766 4142744 2010833 2317487 8109401 10255566 8454860 10563608 X 2654009 -447844 -60000 X X 0 1 X 1 0 X 3463769 4300933 3358063 3604916 6330407 21058088 3463769 4300933 3358063 3604916 6330407 21058088 3841957 17216131 61082 65385 97396 191083 272952 687898 21745986 2115000 0.79170 0.84020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5377161 306005 125329 106276 5702219 4759759 2455 697141 82194 5377161 3820101 630215 402604 93161 4759759 3255334 638060 -5842 67451 3820101 2610112 129660 515562 3255334 0.47000 0.40000 0.13000 0 0 27167 3495 23672 340973 214428 126545 150217 6596654 -447844 199223 -248621 6845275 60000 60000 6905275 4450489 199223 199223 4251266 0 4251266 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 60,000. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW 301 WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 173036 51000 122036 173036 51000 122036 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 HONORS THE ARTS 545235 324470 220765 34425 77658 53399 55283 LA VOICES ON POINT 395618 213702 181916 11200 92442 41247 37027 5 249610 92837 156773 31587 39616 53976 31594 1190463 631009 559454 77212 209716 148622 123904 559454 0 1 SCHOLARSHIP/STIPEND 103 803364 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 228500 0 70000 0 0 0 0 0 16166 0 314666 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 DUING THE YEAR. THE CEO ALSO RECEIVED A SIGNING BONUS FOR RENEWING HIS EMPLOYMENT CONTRACT FOR AN ADDITIONAL THREE YEARS. X 6 762384 FMV 0 0 0 PART I, COLUMN (B): NON CASH DONATIONS ARE LISTED BY TOTAL NUMBER OF DONORS 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 15A THE EMPLOYEE'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. THE EXECUTIVE DIRECTOR/CEO, ALONG WITH THE CHIEF OF STAFF, USE COMPARABLE DATA TO REVIEW AND APPROVE THE COMPENSATION OF OTHER EMPLOYEES. 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 B, LINE 15B THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES, THEREFORE THIS QUESTION IS N/A. 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 -60,000. 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.