POINT FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- POINT FOUNDATION (EIN 84-1582086)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-13
- IRS object ID
- 201313179349306311
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T17:46:30-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951777440 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREEN HASSON & JANKS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10990 WILSHIRE BLVD 16TH FLOOR | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 900243929 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841582086 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POINT FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | POIN | NameControl |
| Phone | 3239331234 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5757 WILSHIRE BLVD NO 370 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90036 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JORGE VALENCIA | Name |
| Title | EXECUTIVE DIRECTOR & CEO | Title |
| Phone | 3239331234 | Phone |
| Date Signed | 2013-10-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD L RUVELSON | Name |
| PTIN | P00234075 | PTIN |
| Phone | 3108731600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JORGE VALENCIA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5757 WILSHIRE BLVD NO 370 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4277411 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.POINTFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | CO | StateLegalDomicile |
| Activity Or Mission Description | TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 20 | TotalNbrEmployees |
| Total Nbr Volunteers | 363 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4300933 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3358063 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 56523 | InvestmentIncomePriorYear |
| Investment Income Current Year | 98327 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4357456 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3456390 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 641009 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 747730 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1506933 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1664983 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 15000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 551197 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 996597 | OtherExpensePriorYear |
| Other Expenses Current Year | 1121890 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3144539 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3549603 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1212917 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -93213 | RevenuesLessExpensesCY |
| Total Assets BOY | 7901066 | TotalAssetsBOY |
| Total Assets EOY | 8111602 | TotalAssetsEOY |
| Total Liabilities BOY | 190811 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 261394 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7710255 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 7850208 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1209980 | Expense |
| Grants | 718920 | Grants |
| Description | SCHOLARSHIP & SCHOLAR SUPPORT: THIS YEAR POINT PROVIDED 76 SCHOLARSHIPS. POINT PROVIDED ADDITIONAL SUPPORT TO SCHOLARSHIP RECIPIENTS OVER THE COURSE OF THE 2012-2013 ACADEMIC YEAR THROUGH VARIOUS MEANS. 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; THIS YEAR, TWO SCHOLARS RECEIVED ADDITIONAL FUNDING FOR TUTORING. SCHOLARS WHO WERE PLACED ON ACADEMIC PROBATION (GPA DROPS 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.POINT PROVIDED SEVERAL SCHOLARS THE OPPORTUNITY TO PARTICIPATE IN VARIOUS CONFERENCES AROUND THE COUNTRY. THESE SCHOLARS CONDUCTED OUTREACH FOR POINT WHILE AT THE CONFERENCE BY WRITING ABOUT THEIR CONFERENCE EXPERIENCE FOR POINT'S SCHOLAR BLOG. SELECT SCHOLARS PARTICIPATED ON THE SCHOLAR SUBCOMMITTEE OF THE PROGRAM COMMITTEE. THIS YEAR, THE SCHOLAR SUBCOMMITTEE WAS INSTRUMENTAL IN THE PLANNING AND EXECUTION OF SEVERAL SUCCESSFUL ELEMENTS OF THE SCHOLAR & ALUMNI LEADERSHIP CONFERENCE. IN THE COMING YEAR, THEY WILL HELP IMPLEMENT A WEBINAR SERIES DESIGNED TO EXPAND SCHOLAR SUPPORT THROUGH EDUCATION ON VARIOUS TOPICS OF IMPORTANCE TO THE SCHOLAR COMMUNITY.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. THREE EXAMPLES OF THIS YEAR'S PROJECTS INCLUDED (1) TWO SCHOLARS COLLABORATED ON A SYMPOSIUM FOR LGBTQ COLLEGE STUDENTS AT EVERY UNIVERSITY IN RHODE ISLAND TO DISCUSS ISSUES IMPORTANT TO THEIR COMMUNITY; (2) THE CREATION OF A NON-PROFIT ORGANIZATION TO PROVIDE FUNDING FOR TRANSGENDER PEOPLE IN NEED OF FUNDS FOR THEIR SURGERY; AND (3) ORGANIZING AN ACAPELLA CONCERT AT JOHNS HOPKINS UNIVERSITY TO RAISE FUNDS FOR A LOCAL ORGANIZATION BENEFITTING LGBTQ YOUTH. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 693320 | Expense |
| Description | LEADERSHIP CONFERENCES & TRAINING:THE YEAR BEGAN WITH THE 2012 SCHOLAR & ALUMNI LEADERSHIP CONFERENCE HELD IN WASHINGTON, DC ON JULY 19-22. THE CONFERENCE WAS ATTENDED BY OVER 160 PARTICIPANTS, INCLUDING 68 SCHOLARS, 42 ALUMNI, 32 REGENTS & TRUSTEES, AND 16 STAFF. MOVING THE CONFERENCE TO OUR NATION'S CAPITAL ALLOWED ATTENDEES AN UP CLOSE AND PERSONAL LOOK AT U.S. GOVERNMENT THROUGH A BRIEFING WITH WHITE HOUSE STAFF ON LGBTQ ISSUES, AND A PRIVATE AFTER-HOURS TOUR OF THE U.S. CAPITOL. THE CONFERENCE AGENDA ALSO BOASTED AN IMPRESSIVE LIST OF GUEST SPEAKERS, ALONG WITH THE OPPORTUNITY TO PARTICIPATE IN WORKSHOPS AND PANEL DISCUSSIONS FOCUSED ON TOPICS IMPORTANT TO THE ORGANIZATION'S MISSION: THE LGBTQ LEGISLATIVE AGENDA, LGBTQ LEADERSHIP & DIVERSITY, HIV/AIDS, BUILDING A PERSONAL BRAND, AND AN EXAMINATION OF MEDIA COVERAGE OF THE 2012 PRESIDENTIAL ELECTION. ADDITIONAL ACTIVITIES INCLUDED THE POINT LEADERSHIP DINNER AND ATTENDING A PERFORMANCE OF THE GROUNDBREAKING PLAY "THE NORMAL HEART". FOLLOWING THE PERFORMANCE, TONY AWARD-WINNING ACTRESS AND POINT BOARD DIRECTOR JUDITH LIGHT LED A TALKBACK SESSION WITH ATTENDEES FOCUSED ON THE QUESTIONS ABOUT HIV AND AIDS IN THE 1980'S THAT THE PLAY DEALT WITH. FINALLY, THE UNSTRUCTURED TIME OUTSIDE OF SESSIONS AND ACTIVITIES ALLOWED SCHOLARS, DISTINGUISHED SPEAKERS, ALUMNI, REGENTS AND STAFF TO NETWORK AND DISCUSS WHAT BEST EXEMPLIFIES THE QUALITIES OF LEADERSHIP.TO FURTHER SUSTAIN THE LEADERSHIP COMPONENT HALF WAY THROUGH THE FISCAL YEAR POINT HELD REGIONAL LEADERSHIP FORUMS (RLFS) IN SIX OF THE POINT TRUSTEE REGIONS: BOSTON, CHICAGO, LOS ANGELES, NEW YORK CITY, SAN FRANCISCO, AND WASHINGTON, DC. THE RLF'S WERE INFORMAL GATHERINGS OF POINT SCHOLARS, ALUMNI, REGENTS, MENTORS AND STAFF BUILT AROUND A GROUP MEAL AND SPEAKER. WHILE PROGRAMMING VARIED IN EACH CITY, ALL THE RLFS FOCUSED ON MENTORING AND COMMUNITY BUILDING EXERCISES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 353617 | Expense |
| Grants | 3600 | Grants |
| Description | SCHOLAR SELECTIONS: WHILE CURRENT SCHOLARS WORKED THEIR WAY THROUGH THE ACADEMIC YEAR, POINT WENT ABOUT THE BUSINESS OF SELECTING SCHOLARS FOR THE NEXT 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 ACHIEVING THE HIGHEST PERCENTAGE OF NEW SCHOLARS WHO IDENTIFY AS PERSONS OF COLOR WITH 50% OF THE NEW CLASS HAILING FROM RURAL COMMUNITIES, WHILE ALSO MAINTAINING THE HIGH GENDER DIVERSITY OF YEARS PAST.AFTER A YEAR OF TESTING, POINT IMPLEMENTED A NEW SCHOLARSHIP APPLICATION. 2,176 SCHOLARSHIP APPLICATIONS WERE COMPLETED AND SUBMITTED TO POINT FOR THE 2013/14 ACADEMIC YEAR. 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. 26 NEW SCHOLARS WERE SELECTED TO JOIN 52 CONTINUING SCHOLARS FOR THE 2013/14 ACADEMIC YEAR. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 373213 | Expense |
| Grants | 25210 | Grants |
| Description | SCHOLAR MENTORING: POINT MENTORS WERE SELECTED AND ASSIGNED TO EACH OF THE 29 NEW SCHOLARS WHO JOINED POINT IN 2012/13. ADDITIONALLY, FIVE CONTINUING SCHOLARS WERE MATCHED WITH NEW MENTORS BECAUSE THEIR PREVIOUS MENTOR HAD BECOME UNABLE TO CONTINUE SERVING DUE TO WORK COMMITMENTS, RELOCATIONS, ETC. 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 TWO EDITIONS OF "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. EIGHT SCHOLARS APPLIED FOR ONE OF THREE INTERNSHIPS THAT WERE EVENTUALLY AWARDED BY THE SUBCOMMITTEE. IN AUGUST, INTERNSHIPS AT GREEN CHIMNEYS NEW YORK, HETRICK-MARTIN INSTITUTE AND SOUTHERN POVERTY LAW CENTER INTERNSHIPS WERE COMPLETED. IN JUNE, THREE NEW INTERNSHIPS WERE AWARDED TO SCHOLARS TO WORK AT GREEN CHIMNEYS NEW YORK, THE JUVENILE JUSTICE PROJECT OF LOUISIANA AND QUEER LIFESPACE. ADDITIONALLY, POINT ALERTED SCHOLARS TO PAID INTERNSHIP OPPORTUNITIES AVAILABLE WITH SOME OF OUR CORPORATE PARTNERS SUCH AS HBO, TIME WARNER, NBCUNIVERSAL, ESTEE LAUDER, CITI, LOGO, AND WELLS FARGO.ALUMNI: THIS YEAR POINT WORKED WITH 145 POINT ALUMNI. THREE SUBCOMMITTEES HAVE BEEN DEVELOPED BY THE ALUMNI ASSOCIATION. THE COMMUNICATIONS SUBCOMMITTEE FOCUSES ON KEEPING ALUMNI CONNECTED THROUGH SOCIAL MEDIA AND AN ONLINE DIRECTORY. 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. BY YEAR END, AN ADDITIONAL 20 POINT SCHOLARS HAD GRADUATED, BRINGING THE TOTAL NUMBER OF POINT ALUMNI TO 165. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 373213 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 25210 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 2630130 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 22 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 20 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | HI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | LA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCOTT ARNESON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3239331234 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5757 WILSHIRE BLVD SUITE 370 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90036 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| BRUCE C LINDSTROM | |||||||
| CO-FOUNDER | 20.00 | X | 0 | 0 | 0 | ||
| CARL T STRICKLAND | |||||||
| CO-FOUNDER | 10.00 | X | 0 | 0 | 0 | ||
| ANN ADAMS | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| JOHN PENCE | |||||||
| BOARD MEMBER | 15.00 | X | 0 | 0 | 0 | ||
| KELLI SMITH-BAILEY | |||||||
| BOARD MEMBER | 10.00 | X | 0 | 0 | 0 | ||
| KYLE SPAINHOUR | |||||||
| CO-CHAIRMAN | 15.00 | X | 0 | 0 | 0 | X | |
| SHELLEY FISCHEL | |||||||
| CO-CHAIRMAN | 15.00 | X | 0 | 0 | 0 | X | |
| KEVIN CHASE | |||||||
| SECRETARY | 10.00 | X | 0 | 0 | 0 | X | |
| JOANNE HERMAN | |||||||
| TREASURER | 15.00 | X | 0 | 0 | 0 | X | |
| JORGE VALENCIA | |||||||
| EXECUTIVE DIRECTOR & CEO | 65.00 | 267850 | 0 | 11666 | X | ||
| SCOTT ARNESON | |||||||
| CFO | 50.00 | 117956 | 0 | 15222 | X | ||
| NANCI GLOGAUER | |||||||
| CHIEF OF STAFF | 55.00 | 119402 | 0 | 4026 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 505208 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 30914 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 490621 | FundraisingEvents |
| All Other Contributions | 2867442 | AllOtherContributions |
| Noncash Contributions | 48083 | NoncashContributions |
| Total Contributions | 3358063 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 97396 | TotalRevenueColumn |
| Exclusion | $97,396 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 444880 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 443179 | Securities |
| Other | 770 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1701 | Securities |
| Other | -770 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 931 | TotalRevenueColumn |
| Exclusion | $931 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 377072 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 490621 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 377072 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3456390 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $98,327 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 747730 | Total |
| Program Services | 747730 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 431563 | Total |
| Program Services | 267417 | ProgramServices |
| Management And General | 66869 | ManagementAndGeneral |
| Fundraising | 97277 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 994451 | Total |
| Program Services | 616209 | ProgramServices |
| Management And General | 154087 | ManagementAndGeneral |
| Fundraising | 224155 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132108 | Total |
| Program Services | 81861 | ProgramServices |
| Management And General | 20469 | ManagementAndGeneral |
| Fundraising | 29778 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106861 | Total |
| Program Services | 66217 | ProgramServices |
| Management And General | 16558 | ManagementAndGeneral |
| Fundraising | 24086 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2342 | Total |
| Management And General | 2342 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28257 | Total |
| Program Services | 20146 | ProgramServices |
| Management And General | 3258 | ManagementAndGeneral |
| Fundraising | 4853 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15000 | Total |
| Fundraising | 15000 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6548 | Total |
| Management And General | 6548 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58458 | Total |
| Program Services | 57973 | ProgramServices |
| Management And General | 485 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182688 | Total |
| Program Services | 94718 | ProgramServices |
| Management And General | 53586 | ManagementAndGeneral |
| Fundraising | 34384 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2761 | Total |
| Program Services | 1969 | ProgramServices |
| Management And General | 318 | ManagementAndGeneral |
| Fundraising | 474 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63176 | Total |
| Program Services | 45041 | ProgramServices |
| Management And General | 7284 | ManagementAndGeneral |
| Fundraising | 10851 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 137766 | Total |
| Program Services | 98633 | ProgramServices |
| Management And General | 11875 | ManagementAndGeneral |
| Fundraising | 27258 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1334 | Total |
| Management And General | 1334 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44887 | Total |
| Program Services | 32002 | ProgramServices |
| Management And General | 5175 | ManagementAndGeneral |
| Fundraising | 7710 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19538 | Total |
| Program Services | 13931 | ProgramServices |
| Management And General | 2252 | ManagementAndGeneral |
| Fundraising | 3355 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| LEADERSHIP/ALUMNI CONF. | 301702 | 301702 | ||
| PUBLIC AWARENESS/PROMO. | 130184 | 74792 | 29 | 55363 |
| OTHER SCHOLARSHIP EXP. | 85847 | 85847 | ||
| LEADERSHIP TRAINING EXP | 36136 | 19483 | 16653 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20266 | Total |
| Program Services | 4459 | ProgramServices |
| Management And General | 15807 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3549603 | Total |
| Program Services | 2630130 | ProgramServices |
| Management And General | 368276 | ManagementAndGeneral |
| Fundraising | 551197 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 813569 | BOY |
| EOY | 451651 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1321364 | BOY |
| EOY | 1440821 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2281721 | BOY |
| EOY | 2178217 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68171 | BOY |
| EOY | 105901 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 303379 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 169054 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 169511 | BOY |
| EOY | 134325 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3184422 | BOY |
| EOY | 3765761 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62308 | BOY |
| EOY | 34926 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7901066 | BOY |
| EOY | 8111602 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190811 | BOY |
| EOY | 261394 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190811 | BOY |
| EOY | 261394 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2576736 | BOY |
| EOY | 2843901 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3627486 | BOY |
| EOY | 2997929 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1506033 | BOY |
| EOY | 2008378 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7710255 | BOY |
| EOY | 7850208 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7901066 | BOY |
| EOY | 8111602 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -93213 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 309919 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -76753 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1883696 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3395675 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3463769 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4300933 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3358063 | CurrentTaxYear |
| Total | 16402136 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1883696 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3395675 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3463769 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4300933 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3358063 | CurrentTaxYear |
| Total | 16402136 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 2352698 | AmountsSubstContributorsTotal |
| Public Support Total170 | 14049438 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 113878 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 70075 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 61082 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 65385 | CurrentTaxYearMinus1Year |
| Current Tax Year | 97396 | CurrentTaxYear |
| Total | 407816 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 16809952 | TotalSupport |
| Gross Receipts From Admissions Etc | 1792388 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.83580 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.83130 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3820101 | BeginningOfYearBalance |
| Contributions | 630215 | Contributions |
| Investment Earnings Or Losses | 402604 | InvestmentEarningsOrLosses |
| Other Expenditures | 93161 | OtherExpenditures |
| End Of Year Balance | 4759759 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3255334 | BeginningOfYearBalance |
| Contributions | 638060 | Contributions |
| Investment Earnings Or Losses | -5842 | InvestmentEarningsOrLosses |
| Other Expenditures | 67451 | OtherExpenditures |
| End Of Year Balance | 3820101 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2610112 | BeginningOfYearBalance |
| Contributions | 129660 | Contributions |
| Investment Earnings Or Losses | 515562 | InvestmentEarningsOrLosses |
| End Of Year Balance | 3255334 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2208624 | BeginningOfYearBalance |
| Contributions | 133691 | Contributions |
| Investment Earnings Or Losses | 267797 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2610112 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2684846 | BeginningOfYearBalance |
| Contributions | 2224 | Contributions |
| Investment Earnings Or Losses | -478446 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2208624 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.50000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.42000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.08000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15329 | OtherCostOrOtherBasis |
| Depreciation | 15329 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 288050 | OtherCostOrOtherBasis |
| Depreciation | 153725 | Depreciation |
| Book Value | 134325 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 134325 | TotalOfBookValueLandBuildings |
| Tot Revenue Etc Audited Fincl Stmt | 3747450 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 309919 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 57894 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 367813 | RevenueNotRptdF990 |
| Revenue Subtotal | 3379637 | RevenueSubtotal |
| Other Revenues Not Included | 76753 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 76753 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3456390 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3607497 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 57894 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 57894 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3549603 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3549603 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | 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 76,753. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | NY HONORS THE ARTS | NameOfEvent1 |
| Gross Receipts Event1 | 432829 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 254634 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 178195 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 2000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 87299 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 26560 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 62336 | OtherDirectExpensesEvent1 |
| Name Of Event2 | LA HONORS THE ARTS | NameOfEvent2 |
| Gross Receipts Event2 | 248812 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 86081 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 162731 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 29722 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 54965 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 60469 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 17575 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 3 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 186052 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 149906 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 36146 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 13049 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 20825 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 300 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 1972 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 867693 | GrossReceiptsTotal |
| Charitable Contributions Total | 490621 | CharitableContributionsTotal |
| Gross Revenue Total Events | 377072 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 44771 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 163089 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 87329 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 81883 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 377072 | DirectExpenseSummaryEvents |
| Net Income Summary | 0 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIP/STIPEND | TypeOfGrant |
| Number Of Recipients | 93 | NumberOfRecipients |
| Amount Of Cash Grant | 747730 | AmountOfCashGrant |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JORGE VALENCIA | NamePerson |
| Title | EXECUTIVE DIRECTOR & CEO | Title |
| Base Compensation Filing Org | 220750 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 47100 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 11666 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 279516 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 7 | ReturnReference |
| Explanation | THE CEO RECEIVED A BONUS IN THE CURRENT YEAR. BONUSES ARE DETERMINED BY THE BOD AND ARE BASED UPON COMPLETION OF GOALS AND OVERALL PERFORMANCE DUING THE YEAR. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 8 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 48083 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | Identifier |
| Return Reference | PART I, COLUMN (B): | ReturnReference |
| Explanation | NON CASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF CONTRIBUTORS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED ITS BYLAWS ON JULY 26, 2013. | |
| 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 -76,753. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| 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. | FINANCIAL STATEMENTS AND REPORTING |
Comments