2015-01-27T10:58:09-06:00 2014-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2013-07-01 841582086 POINT FOUNDATION POIN 3239331234 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 3239331234 2015-01-14 1 RICHARD L RUVELSON P00234075 3108731600 2013 2016-04-25 22:37:26Z X JORGE VALENCIA 5055 WILSHIRE BLVD NO 501 LOS ANGELES CA 90036 4248254 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 33 33 19 323 0 0 3358063 3604916 0 0 98327 189417 0 0 3456390 3794333 747730 738216 0 0 1664983 1791441 15000 43807 601257 1121890 1402366 3549603 3975830 -93213 -181497 8111602 8454860 261394 345459 7850208 8109401 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 1348370 721843 SCHOLARSHIP & SCHOLAR SUPPORT: IN 2012, AFTER A YEAR OF TESTING, POINT IMPLEMENTED A NEW SCHOLARSHIP APPLICATION. FOR THE 2013/14 ACADEMIC YEAR, 2,176 SCHOLARSHIP APPLICATIONS WERE COMPLETED AND SUBMITTED TO POINT. AFTER AN INTENSIVE REVIEW PROCESS, THE POOL WAS NARROWED DOWN TO 622 SEMIFINALISTS. AFTER FURTHER EVALUATION, 38 FINALISTS WERE BROUGHT TO SAN FRANCISCO FOR A FINALIST CELEBRATION DINNER AND FINAL INTERVIEWS. OF THE FINALISTS, 26 WERE SELECTED AS NEW SCHOLARS, JOINING 52 CONTINUING SCHOLARS FOR THE 2013/14 ACADEMIC YEAR.THE SCHOLAR RELATIONS & SELECTIONS PROGRAM DIRECTOR 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 NEEDED TUTORING. 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. 80 COMMUNITY SERVICE PROJECTS WERE COMPLETED IN THE SPRING OF 2014. 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 SCHOLAR IN TEXAS WORKED TO INCREASE VISIBILITY OF TRANSGENDER DISCRIMINATION IN THE MILITARY THROUGH PHOTOGRAPHY; (2) A WORKSHOP HELD IN CONJUNCTION WITH THE MIDWEST BISEXUAL, LESBIAN, GAY, TRANSGENDER, AND ALLIED COLLEGE CONFERENCE ABOUT THE EFFECTS OF THE PRISON INDUSTRIAL COMPLEX ON THE QUEER COMMUNITY; AND (3) THE CREATION OF A PSYCHIATRY GROUP FOR LGBTQ ADOLESCENTS WHO HAD RECEIVED PSYCHIATRIC CARE THROUGH THE CAMBRIDGE HEALTH ALLIANCE IN MASSACHUSETTS. 878524 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, "EVERY VOICE MATTERS: POINT SCHOLARS ON INTERSECTIONALITY."TO FURTHER SUSTAIN THE LEADERSHIP COMPONENT DURING THE YEAR, POINT HELD REGIONAL LEADERSHIP FORUMS (RLFS) IN SEVEN OF THE POINT TRUSTEE REGIONS: CHICAGO, BOSTON, NEW YORK, WASHINGTON, DC, SAN FRANCISCO, LOS ANGELES, AND SEATTLE. CURRICULUM VARIED BY LOCATION, BUT EACH ONE-DAY RLF FOCUSED ON INTERGENERATIONAL MENTORING AS WELL AS LEADERSHIP AND SERVICE WITHIN THE LGBTQ COMMUNITY. 453163 3900 SCHOLAR SELECTIONS: WHILE CURRENT SCHOLARS WORKED THEIR WAY THROUGH THE ACADEMIC YEAR, POINT WENT ABOUT THE BUSINESS OF SELECTING SCHOLARS FOR THE 2014/2015 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 AND MOUNTAIN STATES. THESE OUTREACH EFFORTS RESULTED IN POINT'S MOST DIVERSE SCHOLAR CLASS TO DATE: 48 PERCENT OF THE NEW SCHOLARS ARE PEOPLE OF COLOR; 35 PERCENT OF THE NEW SCHOLARS ARE ORIGINALLY FROM THE SOUTH AND 17 PERCENT FROM MOUNTAIN STATES; 30 PERCENT OF THE NEW SCHOLARS ARE THE FIRST-GENERATION IN THEIR FAMILY TO GO TO COLLEGE; 22 PERCENT OF THE NEW SCHOLARS ARE GENDER-AFFIRMED MALE OR FEMALE, I.E. TRANSGENDER, AND 13 PERCENT ARE GENDER NONCONFORMING.FROM NOVEMBER 2013 TO JANUARY 2014, 2,093 HOPEFUL STUDENTS SUBMITTED SCHOLARSHIP APPLICATIONS FOR THE 2014/15 ACADEMIC YEAR. AFTER THE FIRST STAGE OF REVIEWS, THE SELECTIONS COMMITTEE IDENTIFIED 575 SEMIFINALISTS. DURING THE NEXT ROUND OF SELECTIONS, 36 FINALISTS WERE CHOSEN. ULTIMATELY, 23 NEW SCHOLARS WERE SELECTED TO JOIN 57 CONTINUING SCHOLARS FOR THE 2014/15 ACADEMIC YEAR. 326064 12473 SCHOLAR MENTORING: POINT MENTORS WERE SELECTED AND ASSIGNED TO EACH OF THE 26 NEW SCHOLARS WHO JOINED POINT IN 2013/14. 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: TO FURTHER ENHANCE THE IMPORTANCE OF COMMUNITY AND "GIVING BACK," POINT FOUNDATION 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 2014, TWO POINT SCHOLARS WERE SELECTED TO PARTICIPATE IN THE NONPROFIT INTERNSHIP PROGRAM. SY ADBUL SERVED AS AN INTERN IN THE DEVELOPMENT DEPARTMENT AT SERVICES & ADVOCACY FOR GLBT ELDERS (SAGE) IN NEW YORK CITY, WHERE HE CONTRIBUTED TO DONOR RESEARCH AND HELPED DEVELOP AND EXECUTE A CAREER FAIR FOR SAGE CLIENTS. IN ADDITION, NAVINDRA HARDIN COMPLETED A SUMMER INTERNSHIP WITH POINT FOUNDATION. HIS WORK ENTAILED RESEARCH AND DESIGN TO BUILD A CURRICULUM ON FINANCIAL RESPONSIBILITY FOR COLLEGE STUDENTS AND RECENT GRADUATES. UPON COMPLETION, THE PROGRAM WILL BE IMPLEMENTED FOR ALL POINT FOUNDATION SCHOLARS AND ALUMNI.ALUMNI: IN 2013 POINT BEGAN IMPLEMENTING THE STRATEGIC PLAN DEVELOPED OVER THE PRIOR TWO YEARS. ONE OF THE MAIN OBJECTIVES WAS TO DEVELOP PROGRAMMING FOR THE GROWING NUMBER OF ALUMNI. TO THIS END, THE POINT ALUMNI ASSOCIATION DEVELOPED TWO SUBCOMMITTEES: ALUMNI RELATIONS, AND SCHOLAR & ALUMNI RELATIONS SUBCOMMITTEES. THE ALUMNI RELATIONS SUBCOMMITTEE WORKS WITH POINT TO PROVIDE ALUMNI WITH OPPORTUNITIES TO ASSIST WITH FUNDRAISING, BOARD SERVICE AND CONFERENCE PLANNING. THE SCHOLAR & ALUMNI RELATIONS SUBCOMMITTEE SEEKS OUT OPPORTUNITIES FOR ALUMNI AND ACTIVE SCHOLARS TO PARTICIPATE IN LOCAL GATHERINGS, AS WELL AS ASSIST SCHOLARS WITH THE TRANSITION FROM STUDENT TO EMPLOYEE, AND ASSIST SCHOLARS WITH RESUME DEVELOPMENT AND JOB NETWORKING. THESE SUBCOMMITTEES ARE OVERSEEN BY THE ALUMNI COMMITTEE OF POINT'S BOARD OF DIRECTORS.OVER THE PAST YEAR, THE ALUMNI RELATIONS SUBCOMMITTEE HAS PRODUCED TWO FUNDRAISING EVENTS FOR YOUNG PROFESSIONALS IN NEW YORK AND LOS ANGELES. THEY EXECUTED A WEBINAR FOR ALUMNI THAT FOCUSED ON NETWORKING AND PROFESSIONAL DEVELOPMENT. THEY ALSO PLANNED THE ALUMNI PORTION OF THE 2014 SCHOLAR ALUMNI LEADERSHIP CONFERENCE IN BOSTON.THE ALUMNI SCHOLAR SUPPORT SUBCOMMITTEE HAS CREATED AN ACADEMIC WRITING GROUP FOR SCHOLARS AND ALUMNI WHO ARE WRITING DISSERTATIONS. THEY CREATED A GRADUATE EDUCATION FORUM ONLINE, AS AN INTERNAL TOOL FOR SCHOLARS TO SHARE INFORMATION WITH EACH OTHER ABOUT GRADUATE PROGRAMS. THEY CREATED AN ALUMNI MAP OF THE ENTIRE COUNTRY THAT OUTLINES WHERE EACH ALUMNI IS LOCATED AND HOW TO REACH THEM. THEY ARE CURRENTLY DEVELOPING THE POINT SPEAKER BUREAU, A DIRECTORY OF SCHOLARS AND ALUMNI WHO ARE AVAILABLE FOR SPEAKING ENGAGEMENTS ACROSS THE COUNTRY.BY JUNE 2014 THE TOTAL NUMBER OF POINT ALUMNI WAS 183. 326064 12473 3006121 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 0 0 0 0 0 0 0 0 0 1 21 0 19 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 1 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 CHRIS BAKER BOARD MEMBER 10.00 X 0 0 0 JENNIFER BARBETTA BOARD MEMBER 5.00 X 0 0 0 CHRIS BOYLE BOARD MEMBER 10.00 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 SHELLEY FREEMAN BOARD MEMBER 10.00 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 DAVID E HOWARD 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 FOUNDING DIRECTOR BOARD MEMBER 5.00 X 0 0 0 CLAY PETRE BOARD MEMBER 5.00 X 0 0 0 RON RUDOLPH BOARD MEMBER 5.00 X 0 0 0 KELLI SMITH-BAILEY BOARD MEMBER 5.00 X 0 0 0 DAN STIFFLER 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 GENRY RES0314 BOARD MEMBER 5.00 X 0 0 0 BRUCE C LINDSTROM RES 0414 BOARD MEMBER 5.00 X 0 0 0 CARL T STRICKLAND RES 0414 BOARD MEMBER 5.00 X 0 0 0 KYLE SPAINHOUR CO-CHAIRMAN 15.00 X X 0 0 0 RICHARD ZIEGELASCH CO-CHAIRMAN 15.00 X X 0 0 0 KEVIN CHASE VICE CHAIR 10.00 X X 0 0 0 JAMES CUMMINGS TREASURER 10.00 X X 0 0 0 DANIELLE KNIGHT SECRETARY 10.00 X X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 65.00 X 276500 0 16076 SCOTT ARNESON CFO 50.00 X 124097 0 16400 NANCI GLOGAUER CHIEF OF STAFF 55.00 X 125543 0 4353 HECTOR D GARZA DEVELOPMENT DIRECTOR - EAST 50.00 X 106118 0 10437 632258 0 47266 4 0 1 0 0 549981 3054935 13079 3604916 191083 191083 10951 12617 -1666 -1666 -1666 441304 549981 441304 0 3794333 0 0 189417 738216 738216 459601 307285 60080 92236 1071277 716244 140041 214992 150066 100333 19617 30116 110497 73878 14443 22176 3215 3215 29163 17409 2098 9656 43807 43807 8970 8970 154740 125800 2974 25966 249143 133857 67757 47529 4250 2537 306 1407 63468 46966 6759 9743 186359 140648 15700 30011 4401 4401 42917 31758 4571 6588 17645 13058 1878 2709 LEADERSHIP/ALUMNI CONF. 293199 293199 PUBLIC AWARENESS/PROMO. 152688 121466 28 31194 OTHER SCHOLARSHIP EXP. 104322 104322 LEADERSHIP TRAINING EXP 68250 35123 33127 19636 4022 15614 3975830 3006121 368452 601257 451651 433868 1440821 1517580 2178217 1274027 105901 107547 314582 177447 134325 137135 3765761 4902862 34926 81841 8111602 8454860 261394 345459 261394 345459 X 2843901 3165802 2997929 2932766 2008378 2010833 7850208 8109401 8111602 8454860 X -181497 508904 -68214 X X 0 1 X 1 0 X 3395675 3463769 4300933 3358063 3604916 18123356 3395675 3463769 4300933 3358063 3604916 18123356 2489151 15634205 70075 61082 65385 97396 191083 485021 18608377 1884863 0.84020 0.83580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4759759 2455 697141 82194 5377161 3820101 630215 402604 93161 4759759 3255334 638060 -5842 67451 3820101 2610112 129660 515562 3255334 2208624 133691 267797 2610112 0.50000 0.37000 0.13000 0 0 314582 177447 137135 137135 4493267 508904 258244 767148 3726119 68214 68214 3794333 4234074 258244 258244 3975830 0 3975830 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 68,214. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW 301 WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 279034 43807 175840 279034 43807 175840 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 617025 387108 229917 42465 57135 3820 126497 LA VOICES ON POINT 197898 19551 178347 20000 56969 2447 98931 3 176362 143322 33040 9177 21610 0 2253 991285 549981 441304 71642 135714 6267 227681 441304 0 1 SCHOLARSHIP/STIPEND 91 738216 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 REGENTS, 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 REGENTS 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 48000 0 0 0 0 0 16076 0 292576 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. FORM 990, PART VI, SECTION A, LINE 2 BRUCE LINDSTROM AND CARL STRICKLAND HAVE A FAMILY RELATIONSHIP. 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, REGENTS, 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 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 REGENTS, 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 -68,214. 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.