2026-05-13T21:42:01-05:00 2025-06-30 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2024-07-01 841582086 POINT FOUNDATION POIN 8338876462 6230 WILSHIRE BOULEVARD A PMB 890 LOS ANGELES CA 90048 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 8338876462 2026-01-23 1 1 LIZBETH G NEVAREZ P01399868 3108731600 2026-01-23 2024 2025-03-06 01:10:19Z JORGE VALENCIA 6230 WILSHIRE BOULEVARD A PMB 890 LOS ANGELES CA 90048 15863107 0 X WWW.POINTFOUNDATION.ORG X 2001 CO SUPPORTS THE EDUCATIONAL ASPIRATIONS OF LGBTQ+ AND ALLY STUDENTS 32 32 25 670 0 0 9247462 8129794 0 0 794925 1005145 1003 -5810 10043390 9129129 1931378 2304286 0 0 3058958 3377052 76500 82680 592386 1674538 1679463 6741374 7443481 3302016 1685648 24207626 26487734 610993 625036 23596633 25862698 X POINT FOUNDATION SUPPORTS THE EDUCATIONAL ASPIRATIONS OF LGBTQ+ AND ALLY STUDENTS TO BECOME IMPACTFUL LEADERS IN THEIR LIVES, CAREERS, AND COMMUNITIES. 0 0 3919232 1889836 0 SCHOLARSHIP & SCHOLAR SUPPORTAS OF JUNE 2025, POINT FOUNDATION (POINT) HAS AWARDED 4,347 SCHOLARSHIPS AND HAS INVESTED MORE THAN $64 MILLION IN OUR LGBTQ+ AND ALLY SCHOLARS.POINT FOUNDATION CURRENTLY AWARDS FOUR TYPES OF SCHOLARSHIPS: OUR TRADITIONAL FLAGSHIP SCHOLARSHIP, COMMUNITY COLLEGE SCHOLARSHIP, ACCESS SCHOLARSHIP, AND PERSISTENCE SCHOLARSHIP. ALL SCHOLARSHIP PROGRAMS PROVIDE FINANCIAL ASSISTANCE. IN ADDITION, THE FLAGSHIP, COMMUNITY COLLEGE, AND ACCESS SCHOLARSHIPS INCLUDE LEADERSHIP DEVELOPMENT PROGRAMMING DESIGNED TO SUPPORT STUDENT SUCCESS. SCHOLARS BENEFIT FROM A COMMUNITY OF LGBTQ+ AND ALLY STUDENTS AND ALUMNI, LEADERSHIP TRAINING, AND PROFESSIONAL DEVELOPMENT. BY PROVIDING LGBTQ+ AND ALLY STUDENTS WITH THE RESOURCES TO SUCCEED IN HIGHER EDUCATION, POINT FOUNDATION IS BUILDING A GENERATION OF LGBTQ+ AND ALLY LEADERS WITH THE SKILLS TO ADVANCE REPRESENTATION IN THEIR CHOSEN FIELDS AND ACROSS SOCIETY.DURING THE 2024-2025 ACADEMIC YEAR, POINT FOUNDATION SUPPORTED 779 STUDENTS. ADDITIONALLY, POINT PROVIDED ADDITIONAL EMERGENCY FUNDING TO 22 SCHOLARS. AS A CHAMPION FOR EQUAL ACCESS TO HIGHER EDUCATION, POINT FOUNDATION IS PROUD THAT 52 PERCENT OF OUR SCHOLARS ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE.POINT'S INTERNSHIP & PROFESSIONAL DEVELOPMENT AWARD IS DESIGNED TO SUPPORT LGBTQ+ AND ALLY STUDENTS' PARTICIPATION IN HANDS-ON LEARNING EXPERIENCES THAT ENHANCE ACADEMIC SUCCESS AND EARLY CAREER OUTCOMES. AWARD FUNDS MAY BE USED TO COVER LIVING EXPENSES AND OTHER OUT-OF-POCKET COSTS ASSOCIATED WITH AN INTERNSHIP OR OTHER PROFESSIONAL DEVELOPMENT ACTIVITIES. THIRTY-TWO STUDENTS EARNED THE INTERNSHIP AND PROFESSIONAL DEVELOPMENT AWARD THIS YEAR. AWARDED STUDENTS PARTICIPATED IN INTERNSHIPS, ATTENDED ACADEMIC AND PROFESSIONAL CONFERENCES, CONDUCTED SUPERVISED ACADEMIC RESEARCH, AND TOOK PART IN OTHER PROFESSIONAL DEVELOPMENT EXPERIENCES RELEVANT TO THEIR CAREER GOALS. 1819526 414450 0 LEADERSHIP DEVELOPMENT: POINT PROVIDED A BLEND OF IN-PERSON AND ONLINE PROGRAMMING IN 2024-2025. THE HIGHLIGHT OF THIS YEAR'S IN-PERSON PROGRAMMING WAS THE 3-DAY NATIONAL LEADERSHIP CONFERENCE (NLC) IN WASHINGTON D.C. THE NLC BROUGHT TOGETHER OVER 100 POINT STAFF, SCHOLARS, AND COMMUNITY MEMBERS, INCLUDING 85 SCHOLARS AND ALUMNI TO PARTICIPATE IN KNOWLEDGE SHARING PANELS, WORKSHOPS, AND FIELD TRIPS ALL CENTERED AROUND THE THEME CAPITALIZE THE MOMENT: LGBTQ LEADERSHIP FOR TODAY & TOMORROW. THE NLC THEME EMPHASIZES THE URGENCY OF THE MOMENT AND THE IMPORTANCE OF EMPOWERING LGBTQ+ AND ALLY LEADERS TO MAKE A DIFFERENCE IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS. HIGHLIGHTS FROM THE EVENT INCLUDE PANELS AND TALKS WITH REPRESENTATIVES FROM LGBTQ LEADERS IN HIGHER EDUCATION AND PEER SCHOLARSHIP ORGANIZATIONS. NLC ALSO ORIENTED THE FLAGSHIP SCHOLARS TO THE COMMUNITY AND PROVIDED AMPLE OPPORTUNITY TO INFORM THEM OF THEIR SCHOLARSHIP EXPECTATIONS AND RESOURCES. IN ADDITION TO NLC, POINT CONTINUED OUR CAREER EXPOSURE PROGRAMMING EFFORTS BY BRINGING SCHOLARS TO MEET IN-PERSON WITH CORPORATE PARTNERS, LEARN ABOUT CAREER OPPORTUNITIES, DEVELOP NETWORKING SKILLS, AND GATHER RESOURCES TO SUPPORT THEIR CAREER GOALS. IN THE FALL, WE BROUGHT 10 SCHOLARS TO CHICAGO TO MEET WITH CORPORATE PARTNERS AT CBRE AND CNA AND IN THE SPRING, WE BROUGHT 9 SCHOLARS TO NEW YORK CITY TO MEET WITH WELLS FARGO AND APOLLO GLOBAL MANAGEMENT.ONLINE PROGRAMMING IN 2024-2025 KICKED OFF WITH A PANEL WITH THE NATIONAL NATIVE AMERICAN LAW STUDENTS ASSOCIATION AND CONTINUED ONWARD WITH FIVE EVENTS WITH CORPORATE PARTNERS CBRE, SALLIE MAE, DISNEY, EIGHT ELEVEN GROUP, AND SYNCHRONY, RESPECTIVELY, TO CONNECT SCHOLARS TO PARTNERS AND CAREER OPPORTUNITIES. POINT ALSO HOSTED A COMMUNITY COLLEGE CONFERENCE IN THE FALL THEMED EMPOWER & ELEVATE: COMMUNITY COLLEGE STUDENT SUCCESS. THIS VIRTUAL CONFERENCE INVITED COMMUNITY COLLEGE SCHOLARS TO MEET TO WITH POINT COMMUNITY MEMBERS AND PARTNERS DURING THE FOLLOWING SESSIONS: SKILL BUILDING WITH PHI THETA KAPPA'S CEO & PRESIDENT, DREAM IT REAL ROAD MAPPING WITH THE COACH FOUNDATION, AND A KEYNOTE BY POINT'S BOARD OF DIRECTOR'S CO-VICE CHAIR. LASTLY, WE COLLABORATED WITH PROJECT BASTA TO OFFER A PORTFOLIO OF CAREER READINESS TOOLS AND WORKSHOPS TO SCHOLARS, WITH TWO EVENTS SPECIFICALLY TAILORED FOR POINT SCHOLARS ACROSS AWARDS.ANOTHER KEY COMPONENT OF PROGRAMMING WAS OUR MENTORING EFFORTS. RESEARCH FROM THE NATIONAL MENTORING RESEARCH CENTER PROVIDES EVIDENCE THAT AFFIRMING MENTORING RELATIONSHIPS PROMOTE POSITIVE EDUCATIONAL OUTCOMES FOR LGBTQ+ AND ALLY YOUTH. A TOTAL OF 22 VOLUNTEERS WERE ASSIGNED AS MENTORS TO FLAGSHIP AND COMMUNITY COLLEGE SCHOLARS. IN AGGREGATE, MENTORS HAD MORE THAN 120 MEETINGS WITH SCHOLARS TO PROVIDE PERSONAL AND PROFESSIONAL DEVELOPMENT. GROUP MENTORING SPECIFICALLY FOCUSED ON ONE OF THE FOLLOWING TOPICS: AUTHENTIC NETWORKING, CAREER EXPLORATION, AND LEADERSHIP DEVELOPMENT.THESE OPPORTUNITIES HAD A NOTABLE IMPACT ON OUR SCHOLARS, EQUIPPING THEM WITH THE SKILLS AND KNOWLEDGE THEY NEED TO SUCCEED PROFESSIONALLY, WHILE ALSO PROVIDING OPPORTUNITIES FOR AUTHENTIC NETWORKING AND COMMUNITY DEVELOPMENT. THIS YEAR AND EVERY YEAR, OUR PRIORITY IS SERVING OUR STUDENTS, ENABLING THEM TO FULFILL THEIR ACADEMIC GOALS, AND BECOMING LEADERS OF TOMORROW. 666655 0 0 SCHOLAR SELECTIONS:THE FLAGSHIP SCHOLARSHIP APPLICATION OPENED SEPTEMBER 10, 2024, AND CLOSED DECEMBER 5, 2024. WE RECEIVED 4,156 APPLICATIONS. OF THESE, 1,301 ADVANCED TO THE SEMIFINAL ROUND AND WERE ASKED TO SUBMIT ADDITIONAL MATERIALS. 104 CANDIDATES ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED A RECORDED PRESENTATION ABOUT THEIR ACADEMIC INTERESTS, PROFESSIONAL GOALS, AND LEADERSHIP. ULTIMATELY, 31 CANDIDATES WERE SELECTED AS POINT FLAGSHIP SCHOLARS.THE COMMUNITY COLLEGE SCHOLARSHIP APPLICATION OPENED NOVEMBER 21, 2024, AND CLOSED FEBRUARY 20, 2024. WE RECEIVED 691 APPLICATIONS. OF THESE, 176 ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED AN ELIGIBILITY CHECK BY CONFIRMING THEIR ENROLLMENT PLANS FOR 2025-26, AN ADDITIONAL ESSAY, AND CAREER QUESTIONNAIRE. ULTIMATELY, 101 CANDIDATES WERE SELECTED AS COMMUNITY COLLEGE SCHOLARS.WE RAN THE FIRST OF TWO ANNUAL SELECTION CYCLES FOR THE ACCESS SCHOLARSHIP. THIS CYCLE OPENED FEBRUARY 8, 2024, AND CLOSED MARCH 14, 2024. WE RECEIVED 1,045 APPLICATIONS. ULTIMATELY, 180 CANDIDATES WERE SELECTED AS ACCESS SCHOLARS.PERSISTENCE SCHOLARSHIP RECIPIENTS DO NOT APPLY; INSTEAD, WE SELECT HIGHLY-RATED FLAGSHIP, COMMUNITY COLLEGE, AND ACCESS APPLICANTS WHO DID NOT RECEIVE ONE OF THOSE SCHOLARSHIPS. WE AWARDED 236 PERSISTENCE SCHOLARSHIPS IN TOTAL. 6405413 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 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 69 0 1 25 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AL AK AZ AR CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X X SCOTT ARNESON 3239331234 6230 WILSHIRE BLVD SUITE A PMB 890 LOS ANGELES CA 90048 PETER LICHTENTHAL CO-CHAIR 6.00 0.00 X X 0 0 0 BEN HARMAN CO-CHAIR 6.00 0.00 X X 0 0 0 CHRISTOPHER NIZER CO-VICE CHAIR 6.00 0.00 X X 0 0 0 KELLY HORTON CO-VICE CHAIR 6.00 0.00 X X 0 0 0 BRIAN DENT TREASURER 6.00 0.00 X X 0 0 0 JENNA GAMBARO SECRETARY 6.00 0.00 X X 0 0 0 AARON LEIFER BOARD MEMBER 3.00 0.00 X 0 0 0 ALAN GUNO BOARD MEMBER THRU 2024-07 3.00 0.00 X 0 0 0 ALEXIA KORBERG BOARD MEMBER LOA BEGINNING 2025-04 3.00 0.00 X 0 0 0 ANDREW CARAVELLA BOARD MEMBER 3.00 0.00 X 0 0 0 ANTHONY YU BOARD MEMBER 3.00 0.00 X 0 0 0 BEN KOZUB BOARD MEMBER 3.00 0.00 X 0 0 0 CALEN OUELLETTE BOARD MEMBER 3.00 0.00 X 0 0 0 CARL STREED BOARD MEMBER LOA BEGINNING 2025-04 3.00 0.00 X 0 0 0 CELINA GERBIC BOARD MEMBER 3.00 0.00 X 0 0 0 CHRIS GO BOARD MEMBER 3.00 0.00 X 0 0 0 DIANA GRESHTCHUK BOARD MEMBER 3.00 0.00 X 0 0 0 EDDIE SANTOS BOARD MEMBER THRU 2025-03 3.00 0.00 X 0 0 0 GABRIELLA BENSUR BOARD MEMBER BEGINNING 2024-10 3.00 0.00 X 0 0 0 GLENN EVANS BOARD MEMBER 3.00 0.00 X 0 0 0 HILLARY SUPER BOARD MEMBER 3.00 0.00 X 0 0 0 JASON RUDMAN BOARD MEMBER BEGINNING 2024-10 3.00 0.00 X 0 0 0 JERRY ROJAS BOARD MEMBER 3.00 0.00 X 0 0 0 JIM HOLMES BOARD MEMBER 3.00 0.00 X 0 0 0 MARK PERRIN BOARD MEMBER BEGINNING 2024-07 3.00 0.00 X 0 0 0 MARNIE MERRIAM BOARD MEMBER 3.00 0.00 X 0 0 0 MATT BARBEY BOARD MEMBER THRU 2025-05 3.00 0.00 X 0 0 0 MEGAN HASTINGS BOARD MEMBER THRU 2025-01 3.00 0.00 X 0 0 0 MELISSE SHABAN BOARD MEMBER 3.00 0.00 X 0 0 0 MICHAEL MATTHEWS BOARD MEMBER 3.00 0.00 X 0 0 0 MICHELLE ADAMS BOARD MEMBER 3.00 0.00 X 0 0 0 PAUL THOMAS BOARD MEMBER 3.00 0.00 X 0 0 0 PETER LEASE BOARD MEMBER 3.00 0.00 X 0 0 0 RON VALDEZ BOARD MEMBER BEGINNING 2024-07 3.00 0.00 X 0 0 0 RYAN WOOTTEN BOARD MEMBER 3.00 0.00 X 0 0 0 SARAH MADEY BOARD MEMBER THRU 2024-07 3.00 0.00 X 0 0 0 SETH PERSILY BOARD MEMBER 3.00 0.00 X 0 0 0 STACEY SMITHERS BOARD MEMBER THRU 2025-04 3.00 0.00 X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 70.00 X 349951 0 29079 SCOTT ARNESON CFO 50.00 X 222730 0 6915 KEVIN WRIGHT CHIEF OF STAFF 50.00 X 219189 0 16194 EDWIN PELTO CHIEF DEVELOPMENT OFFICER 50.00 X 247462 0 20204 WILLIAM DEVERS SR DIR OF DEVELOPMENT 40.00 X 145932 0 14516 DARRIN J WILSTED DIR OF EXECUTIVE AFFAIRS/B 40.00 X 113945 0 21525 SUSAN L FERRIS DIR OF HR AND FINANCE 40.00 X 113872 0 19899 JANE MILLER RENNERT DIRECTOR OF CORPORATE & FOUNDATION RELATIONS 40.00 X 101203 0 19625 MARGAUX COWDEN CHIEF OF PROGRAM 50.00 X 113405 0 0 1627689 0 147957 9 0 1 0 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW STE 301 WASHINGTON DC 20036 DIRECT MAIL AND OTHER SERVICES 164558 1 36336 8093458 692247 8129794 874757 874757 6858556 6728168 130388 130388 130388 0 36336 5810 -5810 -5810 9129129 0 0 999335 2304286 2304286 1184201 938242 103381 142578 1720734 1410845 102713 207176 44212 35029 3860 5323 234712 185961 20491 28260 193193 153067 16866 23260 15406 15406 45309 45309 82680 82680 16661 16661 139412 139108 304 229731 157924 16240 55567 97438 88021 8049 1368 19740 17448 1771 521 58603 46180 3487 8936 63351 52749 840 9762 16116 14244 1446 426 116625 103082 10463 3080 PUBLIC AWARENESS/PROMO. 323877 320683 2730 464 DIRECT MAILING COSTS 320897 315987 4910 EVENTS EXPENSE 147188 122557 1950 22681 TRAINING 5474 5474 63635 63635 7443481 6405413 445682 592386 454686 330656 835779 3131435 1019860 850562 126344 74683 123711 70199 39634 53512 21239113 21721222 255055 276178 237155 49486 24207626 26487734 610993 625036 610993 625036 X 8544970 9260328 15051663 16602370 23596633 25862698 24207626 26487734 X 1685648 673193 -92776 X X 0 1 X 1 0 X 8644333 5859451 10060950 9247462 8129794 41941990 8644333 5859451 10060950 9247462 8129794 41941990 8348764 33593226 224226 375289 440208 768680 874757 2683160 5965 5965 3095 51507 1487 56089 44687204 0.75170 0.76200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4923704 2200144 609951 217800 7515999 4657539 2831 451334 188000 4923704 4493868 5800 323871 166000 4657539 5156940 8738 -571810 100000 4493868 3549893 984897 672150 50000 5156940 0.00000 0.74614 0.25386 0 0 123711 70199 53512 53512 X 9826102 673193 133217 -92776 713634 9112468 16661 16661 9129129 7560037 133217 133217 7426820 16661 16661 7443481 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 X, LINE 2: POINT RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED JUNE 30, 2025, POINT PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT -92,776. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 362300 82680 279620 362300 82680 279620 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 DC STATE OF POINT 36336 36336 5354 456 36336 36336 5354 456 5810 -5810 1 SCHOLARSHIP/STIPEND 755 1889836 414450 FMV SHARED COST OF ACTUAL BILLS 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. FINALISTS 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 BEFORE REIMBURSEMENT. X X X X X X 1 0 0 0 0 0 0 1 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 290431 0 59520 0 0 0 9308 0 19771 0 379030 0 0 0 EDWIN PELTO CHIEF DEVELOPMENT OFFICER 228381 0 19081 0 0 0 3512 0 16692 0 267666 0 0 0 KEVIN WRIGHT CHIEF OF STAFF 200625 0 18564 0 0 0 6049 0 10145 0 235383 0 0 0 SCOTT ARNESON CFO 204300 0 18430 0 0 0 6225 0 690 0 229645 0 0 0 WILLIAM DEVERS SR DIR OF DEVELOPMENT 133250 0 12682 0 0 0 3997 0 10519 0 160448 0 0 0 PART I, LINE 4A MARGAUX COWDEN WAS GIVEN $66,473 IN SEVERANCE. PART I, LINE 7 STAFF BONUSES ARE DETERMINED ON PERFORMANCE EVALUATION AND COMPLETION OF STRATEGIC PLAN OBJECTIVES. X 12 178490 FMV X 1 513757 FMV 1 0 1 1 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF CONTRIBUTORS. PART I, LINE 32B: OUR INVESTMENT BROKER HAS A STANDING ORDER TO SELL STOCK GIFTS UPON ARRIVAL. FOR THE SALE OF THE PROPERTY IN FLORIDA WE WORKED WITH A REAL ESTATE AGENT. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD EXECUTIVE COMMITTEE INCLUDES PETER LICHTENTHAL (CO-CHAIR), BEN HARMAN (CO-CHAIR), KELLY HORTON (CO-VICE CHAIR), CHRISTOPHER NIZER (CO-VICE CHAIR), JENNA GAMBARO (SECRETARY), BRIAN DENT (TREASURER), ANDREW CARAVELLA (BOARD MEMBER), CELINA GERBIC (BOARD MEMBER), DIANA GRESHTCHUK (BOARD MEMBER), ALEXIA KORBERG (BOARD MEMBER), AARON LEIFER (BOARD MEMBER), CALEN OUELLETTE (BOARD MEMBER). JORGE VALENCIA AND KEVIN K WRIGHT ARE NON-VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FIRST DRAFT OF THE FORM 990 IS REVIEWED BY THE CFO. THE 990 IS THEN FORWARDED TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THE 990 AND SUPPORTING DOCUMENTS AND DISCUSSES THE 990 AND ANNUAL AUDIT WITH THE INDEPENDENT AUDITORS. THE AUDIT COMMITTEE SUBMITS THE 990 AND THE ANNUAL AUDITED FINANCIAL STATEMENTS TO THE BOARD OF DIRECTORS (BOD) WITH A RECOMMENDATION OF ACCEPTING THE FORM 990 OR NOT. AFTER DISCUSSION AT A BOD MEETING, THE BOD VOTES TO ACCEPT OR REJECT THE 990. ONCE ACCEPTED, THE FINAL VERSION OF THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH FISCAL YEAR, DIRECTORS, TRUSTEES AND EMPLOYEES READ AND SIGN-OFF ON POINT'S CONFLICT OF INTEREST POLICY, STATING THAT THEY WILL AVOID ACTIVITIES OR OUTSIDE INTERESTS THAT CONFLICT WITH THE BEST INTERESTS OF POINT FOUNDATION. THE POLICY ALSO REQUIRES THAT THEY FILE A CONFLICT OF INTEREST STATEMENT WITH THE EXECUTIVE DIRECTOR & CEO OF POINT EACH YEAR DISCLOSING ANY ANTICIPATED OR POSSIBLE CONFLICT SITUATIONS PRIOR TO ANY DISCUSSION OR NEGOTIATION OF THE TRANSACTIONS. POINT'S CHIEF OF STAFF COLLECTS, TRACKS AND REVIEWS THESE SIGNED FORMS. A LIST OF BUSINESSES AND/OR ORGANIZATIONS GATHERED FROM THE FORMS IS GIVEN TO THE CFO TO TRACK FINANCIAL DEALINGS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR/CEO'S COMPENSATION IS NEGOTIATED AT THE BEGINNING OF THE TERM OF EACH MULTIYEAR CONTRACT RENEWAL; AT THAT TIME, THE BOARD OF DIRECTORS DOES A FULL REVIEW OF OTHER LIKE ORGANIZATIONS' SALARIES, USING IRS 990S, THIS REVIEW INFORMS ITS OFFER AND APPROVAL OF THE EMPLOYMENT AGREEMENT. ANNUAL INCREASES ARE DETERMINED BY THE TERMS OF THE EMPLOYMENT AGREEMENT; ANNUAL BONUSES ARE DETERMINED BY A PERFORMANCE REVIEW COMPLETED BY THE BOARD OF DIRECTORS AT THE END OF EVERY FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15B THE EXECUTIVE DIRECTOR/CEO, ALONG WITH THE CHIEF OF STAFF, USE COMPARABLE DATA TO REVIEW AND APPROVE THE COMPENSATION OF OTHER EMPLOYEES, INCLUDING THE CFO. THE OVERALL COMPENSATION INCREASE IS APPROVED BY THE FINANCE COMMITTEE AND BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING POLICIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: CONFLICT OF INTEREST POLICY FOR DIRECTORS, TRUSTEES, STAFF, ALUMNI AND SCHOLARS; NON-DISCRIMINATION POLICY; AND PRIVACY POLICY. THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND THE ANNUAL REPORT ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: BAD DEBT -92,776. 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.