2025-01-27T13:19:55-06:00 2024-06-30 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2023-07-01 841582086 POINT FOUNDATION POIN 8338876462 6230 WILSHIRE BOULEVARD A PMB 890 LOS ANGELES CA 90048 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 8338876462 2025-01-24 1 1 LIZBETH G NEVAREZ P01399868 3108731600 2025-01-24 2023 2025-03-06 01:10:19Z JORGE VALENCIA 6230 WILSHIRE BOULEVARD A PMB 890 LOS ANGELES CA 90048 14254758 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 34 34 26 450 0 0 10060950 9247462 0 0 445517 794925 57472 1003 10563939 10043390 1640986 1931378 0 0 2688538 3058958 75000 76500 862182 1291636 1674538 5696160 6741374 4867779 3302016 20236201 24207626 456110 610993 19780091 23596633 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 3551099 1831778 0 SCHOLARSHIP & SCHOLAR SUPPORT AS OF JUNE 2024, POINT FOUNDATION (POINT) HAS AWARDED 3,498 SCHOLARSHIPS AND HAS INVESTED MORE THAN $61 MILLION IN OUR LGBTQ SCHOLARS. POINT FOUNDATION CURRENTLY AWARDS FOUR TYPES OF SCHOLARSHIPS: OUR TRADITIONAL FLAGSHIP SCHOLARSHIP FOR STUDENTS PURSUING BACHELOR'S, GRADUATE, OR PROFESSIONAL DEGREES, COMMUNITY COLLEGE SCHOLARSHIPS, BIPOC SCHOLARSHIPS (SPECIFICALLY FOR BLACK, INDIGENOUS AND PEOPLE OF COLOR) AND PERSISTENCE SCHOLARSHIPS. ALL SCHOLARSHIP PROGRAMS PROVIDE FINANCIAL ASSISTANCE. IN ADDITION, THE FLAGSHIP, COMMUNITY COLLEGE, AND BIPOC SCHOLARSHIPS INCLUDE LEADERSHIP DEVELOPMENT AND ACADEMIC SUPPORT PROGRAMMING DESIGNED TO SUPPORT STUDENT SUCCESS. SCHOLARS BENEFIT FROM A COMMUNITY OF LGBTQ STUDENTS AND ALUMNI, A MENTOR, ACADEMIC SUPPORT FROM A SCHOLAR ADVOCATE, LEADERSHIP TRAINING, AND PROFESSIONAL DEVELOPMENT. BY PROVIDING LGBTQ STUDENTS WITH THE FINANCIAL AND PERSONAL RESOURCES TO SUCCEED IN HIGHER EDUCATION, POINT FOUNDATION IS BUILDING A GENERATION OF LGBTQ LEADERS WITH THE SKILLS TO ADVOCATE FOR EQUITY AND BELONGING IN THEIR CHOSEN FIELDS AND ACROSS SOCIETY.DURING THE 2023-2024 ACADEMIC YEAR, POINT FOUNDATION SUPPORTED 574 STUDENTS INCLUDING 82 POINT FLAGSHIP SCHOLARS, 94 COMMUNITY COLLEGE SCHOLARS, 280 BIPOC SCHOLARS AND 118 PERSISTENCE SCHOLARSHIP RECIPIENTS. ADDITIONALLY, POINT PROVIDED ADDITIONAL EMERGENCY FUNDING TO 16 SCHOLARS. AS A CHAMPION FOR EQUAL ACCESS TO HIGHER EDUCATION, POINT FOUNDATION IS PROUD THAT MANY POINT SCHOLARS ARE FROM GROUPS TRADITIONALLY UNDERREPRESENTED ON COLLEGE CAMPUSES. OF THE 2023-2024 POINT SCHOLARS: 87% IDENTIFY AS A RACIAL OR ETHNIC GROUP OTHER THAN WHITE; 44% IDENTIFY AS TRANSGENDER OR NON-BINARY; AND 51% ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE.POINT'S INTERNSHIP & PROFESSIONAL DEVELOPMENT AWARD IS DESIGNED TO SUPPORT LGBTQ 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. FORTY-SEVEN STUDENTS EARNED THE INTERNSHIP AND PROFESSIONAL DEVELOPMENT AWARD DURING THE PROGRAM'S INAUGURAL SUMMER. 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. 1357699 99600 0 LEADERSHIP DEVELOPMENTPOINT PROVIDED A BLEND OF IN-PERSON AND ONLINE PROGRAMMING IN 2023-2024. THE HIGHLIGHT OF THIS YEAR'S IN-PERSON PROGRAMMING WAS THE INAUGURAL CAREER EXPOSURE PROGRAM, WHICH ALLOWED SIX POINT SCHOLARS TO VISIT THE CORPORATE HEADQUARTERS OF APOLLO GLOBAL MANAGEMENT AND VICTORIA'S SECRET & CO. TO MEET WITH COMPANY EXECUTIVES AND LEADERS FOR EACH COMPANY'S LGBTQ ERG. IN ADDITION TO THE CAREER EXPOSURE PROGRAM, POINT ALSO COLLABORATED WITH COACH FOUNDATION AND REACHING OUT MBA TO SUPPORT THE ATTENDANCE OF SEVEN SCHOLARS WHO ATTENDED COACH FOUNDATION DREAM DAYS AND TWO SCHOLARS TO ATTEND THE OUT WOMEN IN BUSINESS CONFERENCE. FINALLY, THE POINT FLAGSHIP SCHOLAR RETREAT HOSTED SIXTEEN SCHOLARS TO PARTICIPATE IN A 3-DAY PROGRAM WITH WORKSHOPS FOCUSED ON LEADING WITH IMPACT, FACILITATED BY POINT BOARD MEMBERS AND STAFF. ONLINE PROGRAMMING IN 2023-2024 INCLUDED FOUR ASK THE EXPERT SESSIONS THAT CONNECTED SCHOLARS TO PARTNERS AND CAREER OPPORTUNITIES AT AMAZON, EY, AND IN LAW; A ROCK YOUR PROFILE WORKSHOP WITH LINKEDIN; A SCHOLARSHIP AND FELLOWSHIPS PANEL; TWO FINANCIAL LITERACY WORKSHOPS AND A SCHOLAR PANEL FOR STUDENTS TO CONNECT ACROSS PROGRAMS. POINT ALSO HOSTED A COMMUNITY COLLEGE CONFERENCE IN THE FALL AND SPRING TO CONNECT COMMUNITY COLLEGE SCHOLARS WITH SEASONED EXPERTS WHO SHARED CRITICAL SKILLS TO HELP STUDENTS TRANSFER TO A FOUR-YEAR UNIVERSITY AND NAVIGATE THE JOB MARKET. SESSIONS INCLUDED TRANSFER 101, RETHINKING IMPOSTER SYNDROME, NAVIGATING ORGANIZATIONAL CHANGE, EFFECTIVE INTERVIEWING, PERSONALIZED CAREER EXPLORATION, AND BUILDING PROFESSIONAL RELATIONSHIPS. ANOTHER KEY COMPONENT OF PROGRAMMING PROVIDES MENTORSHIP TO POINT SCHOLARS. RESEARCH FROM THE NATIONAL MENTORING RESEARCH CENTER PROVIDES EVIDENCE THAT AFFIRMING MENTORING RELATIONSHIPS PROMOTE POSITIVE EDUCATIONAL OUTCOMES FOR LGBTQ YOUTH. POINT'S COMMITMENT TO EFFECTIVE MENTORING STARTS WITH TRAINING MENTORS ON BEST PRACTICES IN LGBTQ MENTORING AT THE BEGINNING OF THE YEAR AND YEAR-END TRAININGS ABOUT DEEPENING THE MENTORING RELATIONSHIP WITH CONTINUING SCHOLARS OR SHIFTING TO AN INFORMAL MENTORING RELATIONSHIP WITH GRADUATING SCHOLARS.A TOTAL OF 56 VOLUNTEERS WERE ASSIGNED AS MENTORS TO FLAGSHIP AND COMMUNITY COLLEGE SCHOLARS. IN AGGREGATE, MENTORS HAD MORE THAN 300 MEETINGS WITH SCHOLARS TO PROVIDE PERSONAL AND PROFESSIONAL DEVELOPMENT. THROUGH AN EXCLUSIVE ONLINE PORTAL, POINT PROVIDES SCHOLARS WITH YEAR-ROUND ACCESS TO LGBTQ PEERS WHO SHARE THEIR INSIGHTS AND TIPS FOR SUCCESS. BIPOC SCHOLARS ALSO BENEFITTED FROM THREE EXPERT COACHING DISCUSSIONS FOCUSED ON THE INTERSECTIONAL EXPERIENCES OF LGBTQ BIPOC STUDENTS. ONE SESSION OFFERED STRATEGIES FOR AUTHENTIC EXPRESSION AND THE OTHER TWO PROVIDED RESOURCES FOR MENTAL HEALTH AND WELLNESS. 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 RECOGNIZING THAT LGBTQ PEOPLE ARE UNDERREPRESENTED IN LEADERSHIP ROLES IN ALMOST EVERY INDUSTRY, BECOMING THE LEADERS OF TOMORROW. 576158 0 0 SELECTION OF SCHOLARSTHE FLAGSHIP SCHOLARSHIP APPLICATION OPENED SEPTEMBER 21, 2023, AND CLOSED DECEMBER 19, 2023. WE RECEIVED 2,243 APPLICATIONS. OF THESE, 1,552 ADVANCED TO THE SEMIFINAL ROUND AND WERE ASKED TO SUBMIT ADDITIONAL MATERIALS. FIFTY-FOUR CANDIDATES ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED A RECORDED PRESENTATION ABOUT THEIR ACADEMIC INTERESTS, LEADERSHIP, AND SERVICE. ULTIMATELY, 28 CANDIDATES WERE SELECTED AS POINT FLAGSHIP SCHOLARS.THE COMMUNITY COLLEGE SCHOLARSHIP APPLICATION OPENED SEPTEMBER 21, 2023, AND CLOSED FEBRUARY 22, 2024. WE RECEIVED 358 APPLICATIONS. OF THESE, 164 ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED AN ELIGIBILITY CHECK BY CONFIRMING THEIR ENROLLMENT PLANS FOR 2024-25. ULTIMATELY, 101 CANDIDATES WERE SELECTED AS COMMUNITY COLLEGE SCHOLARS.WE RUN TWO SELECTION CYCLES PER YEAR FOR THE BIPOC SCHOLARSHIP. THE FIRST CYCLE OPENED SEPTEMBER 21, 2023, AND CLOSED OCTOBER 26, 2023. WE RECEIVED 710 APPLICATIONS. OF THESE, 190 CANDIDATES WERE SELECTED AS BIPOC SCHOLARS. THE SECOND CYCLE OPENED FEBRUARY 8, 2024, AND CLOSED MARCH 14, 2024. WE RECEIVED 755 APPLICATIONS. ULTIMATELY, 154 CANDIDATES WERE SELECTED AS BIPOC SCHOLARS.PERSISTENCE SCHOLARSHIP RECIPIENTS DO NOT APPLY; INSTEAD, WE SELECT HIGHLY-RATED FLAGSHIP, COMMUNITY COLLEGE, AND BIPOC APPLICANTS WHO DID NOT RECEIVE ONE OF THOSE SCHOLARSHIPS. WE AWARDED 236 PERSISTENCE SCHOLARSHIPS IN TOTAL. 5484956 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 20 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 0 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 BRIAN DENT CO-CHAIR 6.00 0.00 X X 0 0 0 SARAH MADEY CO-VICE CHAIR 6.00 0.00 X X 0 0 0 AARON LEIFER CO-VICE CHAIR 6.00 0.00 X X 0 0 0 JENNA GAMBARO SECRETARY 6.00 0.00 X X 0 0 0 BEN HARMAN TREASURER 6.00 0.00 X X 0 0 0 MICHELLE ADAMS BOARD MEMBER 3.00 0.00 X 0 0 0 MATT BARBEY BOARD MEMBER 3.00 0.00 X 0 0 0 ANDREW CARAVELLA BOARD MEMBER 3.00 0.00 X 0 0 0 GLENN EVANS BOARD MEMBER 3.00 0.00 X 0 0 0 NATHAN FRIEDMAN BOARD MEMBER (THRU MARCH 2024) 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 ALAN GUNO BOARD MEMBER 3.00 0.00 X 0 0 0 MEGAN HASTINGS BOARD MEMBER 3.00 0.00 X 0 0 0 KELLY HORTON BOARD MEMBER 3.00 0.00 X 0 0 0 JIM HOLMES BOARD MEMBER 3.00 0.00 X 0 0 0 ALEXIA KORBERG BOARD MEMBER 3.00 0.00 X 0 0 0 BEN KOZUB BOARD MEMBER 3.00 0.00 X 0 0 0 PETER LEASE BOARD MEMBER 3.00 0.00 X 0 0 0 MICHAEL MATTHEWS BOARD MEMBER 3.00 0.00 X 0 0 0 MARNIE MERRIAM BOARD MEMBER 3.00 0.00 X 0 0 0 CHRISTOPHER NIZER BOARD MEMBER 3.00 0.00 X 0 0 0 CALEN OUELLETTE BOARD MEMBER 3.00 0.00 X 0 0 0 SETH PERSILY BOARD MEMBER 3.00 0.00 X 0 0 0 JERRY ROJAS BOARD MEMBER 3.00 0.00 X 0 0 0 SEAN ROURKE BOARD MEMBER (THRU JULY 2023) 3.00 0.00 X 0 0 0 EDDIE SANTOS BOARD MEMBER 3.00 0.00 X 0 0 0 MELISSE SHABAN BOARD MEMBER 3.00 0.00 X 0 0 0 STACEY SMITHERS BOARD MEMBER 3.00 0.00 X 0 0 0 CARL STREED BOARD MEMBER 3.00 0.00 X 0 0 0 HILLARY SUPER BOARD MEMBER 3.00 0.00 X 0 0 0 PAUL THOMAS BOARD MEMBER 3.00 0.00 X 0 0 0 RYAN WOOTTEN BOARD MEMBER 3.00 0.00 X 0 0 0 ANTHONY YU BOARD MEMBER 3.00 0.00 X 0 0 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 70.00 0.00 X 338386 0 27587 KEVIN WRIGHT CHIEF OF STAFF 50.00 0.00 X 155428 0 12430 SCOTT ARNESON CHIEF FINANCIAL OFFICER 50.00 0.00 X 201537 0 6300 EDWIN PELTO CHIEF DEVELOPMENT OFFICER 50.00 0.00 X 237592 0 16838 MARGAUX COWDEN CHIEF OF PROGRAM 50.00 0.00 X 167531 0 4557 WILLIAM DEVERS SR DIR OF DEVELOPMENT 40.00 0.00 X 130155 0 13442 DARRIN J WILSTED DIR OF EXECUTIVE AFFAIRS/BOARD RELATIONS 40.00 0.00 X 113007 0 19751 SUSAN L FERRIS DIR OF HR AND FINANCE 40.00 0.00 X 107648 0 18132 1451284 0 119037 8 0 1 0 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW STE 301 WASHINGTON DC 20036 DIRECT MAIL AND OTHER SERVICES 138750 1 49656 9197806 50962 9247462 768680 768680 4237129 4210884 26245 26245 26245 0 49656 484 -484 -484 OTHER INCOME 900099 1487 1487 1487 10043390 0 0 795928 1931378 1931378 1168186 848965 103631 215590 1491643 1126367 89991 275285 33073 24035 2934 6104 182686 132765 16206 33715 183370 133262 16267 33841 13692 13692 42500 42500 76500 76500 15686 15686 113233 80419 32814 235646 154127 18271 63248 75529 66391 6754 2384 15112 12806 1490 816 107592 84596 7625 15371 121098 83848 3094 34156 19772 16754 1950 1068 122811 104069 12109 6633 PUBLIC AWARENESS/PROMO. 288616 277873 2928 7815 DIRECT MAILING COSTS 275606 267762 7844 EVENTS EXPENSE 201530 139539 5149 56842 TRAINING 5000 5000 21115 21115 6741374 5484956 394236 862182 238612 454686 949516 835779 2307520 1019860 86915 126344 115343 75709 59406 39634 16329219 21239113 223088 255055 41925 237155 20236201 24207626 456110 610993 456110 610993 X 6950900 8544970 12829191 15051663 19780091 23596633 20236201 24207626 X 3302016 520259 -5733 X X 0 1 X 1 0 X 4323699 8644333 5859451 10060950 9247462 38135895 4323699 8644333 5859451 10060950 9247462 38135895 7409803 30726092 315610 224226 375289 440208 768680 2124013 5965 0 5965 3095 51507 1487 56089 40321962 0.76200 0.80160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4657539 2831 451334 188000 4923704 4493868 5800 323871 166000 4657539 5156940 8738 -571810 100000 4493868 3549893 984897 672150 50000 5156940 3549267 1727 83899 85000 3549893 0.00000 0.69210 0.30790 0 0 115343 75709 39634 39634 X 10802568 520259 260338 -5733 774864 10027704 15686 15686 10043390 6986026 260338 260338 6725688 15686 15686 6741374 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, 2024, 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 -5,733. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 355219 76500 278719 355219 76500 278719 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 49656 49656 484 49656 49656 484 484 -484 1 SCHOLARSHIP/STIPEND 610 1831778 99600 FMV SHARED COST OF UNDIVIDED BILL 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 280786 0 57600 0 0 0 8949 0 18638 0 365973 0 0 0 EDWIN PELTO CHIEF DEVELOPMENT OFFICER 218525 0 19067 0 0 0 2007 0 14831 0 254430 0 0 0 SCOTT ARNESON CHIEF FINANCIAL OFFICER 185292 0 16245 0 0 0 5649 0 651 0 207837 0 0 0 MARGAUX COWDEN CHIEF OF PROGRAM 86945 0 14113 0 66473 0 4495 0 62 0 172088 0 0 0 KEVIN WRIGHT CHIEF OF STAFF 152475 0 2953 0 0 0 4594 0 7836 0 167858 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 9 50962 FMV 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. FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE SINCE THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 -5,733. 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.