2013-11-13T17:46:30-06:00 2013-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2012-07-01 841582086 POINT FOUNDATION POIN 3239331234 5757 WILSHIRE BLVD NO 370 LOS ANGELES CA 90036 JORGE VALENCIA 3239331234 2013-10-29 1 RICHARD L RUVELSON P00234075 3108731600 2012 2016-02-25 16:41:14Z JORGE VALENCIA 5757 WILSHIRE BLVD NO 370 LOS ANGELES CA 90036 4277411 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 9 9 20 363 0 0 4300933 3358063 0 0 56523 98327 0 0 4357456 3456390 641009 747730 0 0 1506933 1664983 0 15000 551197 996597 1121890 3144539 3549603 1212917 -93213 7901066 8111602 190811 261394 7710255 7850208 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 1209980 718920 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. 693320 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. 353617 3600 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. 373213 25210 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. 373213 25210 2630130 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 20 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 1 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 5757 WILSHIRE BLVD SUITE 370 LOS ANGELES CA 90036 BRUCE C LINDSTROM 20.00 X 0 0 0 CARL T STRICKLAND 10.00 X 0 0 0 ANN ADAMS 5.00 X 0 0 0 JOHN PENCE 15.00 X 0 0 0 KELLI SMITH-BAILEY 10.00 X 0 0 0 KYLE SPAINHOUR 15.00 X X 0 0 0 SHELLEY FISCHEL 15.00 X X 0 0 0 KEVIN CHASE 10.00 X X 0 0 0 JOANNE HERMAN 15.00 X X 0 0 0 JORGE VALENCIA 65.00 X 267850 0 11666 SCOTT ARNESON 50.00 X 117956 0 15222 NANCI GLOGAUER 55.00 X 119402 0 4026 505208 0 30914 3 0 1 0 0 490621 2867442 48083 3358063 97396 97396 444880 443179 770 1701 -770 931 931 377072 490621 377072 0 3456390 0 0 98327 747730 747730 431563 267417 66869 97277 994451 616209 154087 224155 132108 81861 20469 29778 106861 66217 16558 24086 2342 2342 28257 20146 3258 4853 15000 15000 6548 6548 58458 57973 485 182688 94718 53586 34384 2761 1969 318 474 63176 45041 7284 10851 137766 98633 11875 27258 1334 1334 44887 32002 5175 7710 19538 13931 2252 3355 LEADERSHIP/ALUMNI CONF. 301702 301702 PUBLIC AWARENESS/PROMO. 130184 74792 29 55363 OTHER SCHOLARSHIP EXP. 85847 85847 LEADERSHIP TRAINING EXP 36136 19483 16653 20266 4459 15807 3549603 2630130 368276 551197 813569 451651 1321364 1440821 2281721 2178217 68171 105901 303379 169054 169511 134325 3184422 3765761 62308 34926 7901066 8111602 190811 261394 190811 261394 X 2576736 2843901 3627486 2997929 1506033 2008378 7710255 7850208 7901066 8111602 X -93213 309919 -76753 X X 0 1 X 1 0 X 1883696 3395675 3463769 4300933 3358063 16402136 1883696 3395675 3463769 4300933 3358063 16402136 2352698 14049438 113878 70075 61082 65385 97396 407816 16809952 1792388 0.83580 0.83130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3820101 630215 402604 93161 4759759 3255334 638060 -5842 67451 3820101 2610112 129660 515562 3255334 2208624 133691 267797 2610112 2684846 2224 -478446 2208624 0.50000 0.42000 0.08000 0 0 15329 15329 0 288050 153725 134325 134325 3747450 309919 57894 367813 3379637 76753 76753 3456390 3607497 57894 57894 3549603 0 3549603 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. NY HONORS THE ARTS 432829 254634 178195 2000 87299 26560 62336 LA HONORS THE ARTS 248812 86081 162731 29722 54965 60469 17575 3 186052 149906 36146 13049 20825 300 1972 867693 490621 377072 44771 163089 87329 81883 377072 0 1 SCHOLARSHIP/STIPEND 93 747730 N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X X X X 0 0 0 0 0 0 0 1 0 JORGE VALENCIA 220750 0 47100 0 0 0 0 0 11666 0 279516 0 0 0 PART I, LINE 7 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. X 8 48083 FMV 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): NON CASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF CONTRIBUTORS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: LOSS ON WRITE-OFF OF UNCOLLECTIBLE PLEDGES RECEIVABLE -76,753. FINANCIAL STATEMENTS AND REPORTING 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.