NonprofitsPoint Foundation

Education

Point Foundation

LOS ANGELES, CA

Total revenue

$10.0M

Total expenses

$6.7M

Net assets

$23.6M

Grants received

$7.1M

112 grants

EIN

841582086

Tax year

2023

Mission

To grant scholarships to lesbian, gay, bisexual and transgender (lgbt) students of merit.

Programs

2 programs

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.

Expenses: $1.4MGrants: $100K

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.

Expenses: $576K

Financials

FY 2023

Revenue

Contributions & grants$9.2M
Program service revenue
Investment income$795K
Other revenue$1K
Total revenue$10.0M

Expenses

Grants paid$1.9M
Salaries & benefits$3.1M
Fundraising$862K
Other expenses$1.7M
Total expenses$6.7M
Total assets$24.2M
Net assets$23.6M

People

44 listed

NameRoleCompensation

JORGE VALENCIA

EXECUTIVE DIRECTOR & CEO

Board

$338K

70 hrs/wk

SCOTT ARNESON

CHIEF FINANCIAL OFFICER

Board

$202K

50 hrs/wk

KEVIN WRIGHT

CHIEF OF STAFF

Board

$155K

50 hrs/wk

ANDREW CARAVELLA

BOARD MEMBER

Board

3 hrs/wk

GLENN EVANS

BOARD MEMBER

Board

3 hrs/wk

NATHAN FRIEDMAN

BOARD MEMBER (THRU MARCH 2024)

Board

3 hrs/wk

CELINA GERBIC

BOARD MEMBER

Board

3 hrs/wk

CHRIS GO

BOARD MEMBER

Board

3 hrs/wk

DIANA GRESHTCHUK

BOARD MEMBER

Board

3 hrs/wk

ALAN GUNO

BOARD MEMBER

Board

3 hrs/wk

MEGAN HASTINGS

BOARD MEMBER

Board

3 hrs/wk

KELLY HORTON

BOARD MEMBER

Board

3 hrs/wk

JIM HOLMES

BOARD MEMBER

Board

3 hrs/wk

ALEXIA KORBERG

BOARD MEMBER

Board

3 hrs/wk

BEN KOZUB

BOARD MEMBER

Board

3 hrs/wk

PETER LEASE

BOARD MEMBER

Board

3 hrs/wk

MICHAEL MATTHEWS

BOARD MEMBER

Board

3 hrs/wk

MARNIE MERRIAM

BOARD MEMBER

Board

3 hrs/wk

CHRISTOPHER NIZER

BOARD MEMBER

Board

3 hrs/wk

CALEN OUELLETTE

BOARD MEMBER

Board

3 hrs/wk

SETH PERSILY

BOARD MEMBER

Board

3 hrs/wk

JERRY ROJAS

BOARD MEMBER

Board

3 hrs/wk

PETER LICHTENTHAL

CO-CHAIR

Board

6 hrs/wk

EDDIE SANTOS

BOARD MEMBER

Board

3 hrs/wk

MELISSE SHABAN

BOARD MEMBER

Board

3 hrs/wk

STACEY SMITHERS

BOARD MEMBER

Board

3 hrs/wk

CARL STREED

BOARD MEMBER

Board

3 hrs/wk

HILLARY SUPER

BOARD MEMBER

Board

3 hrs/wk

PAUL THOMAS

BOARD MEMBER

Board

3 hrs/wk

RYAN WOOTTEN

BOARD MEMBER

Board

3 hrs/wk

ANTHONY YU

BOARD MEMBER

Board

3 hrs/wk

SEAN ROURKE

BOARD MEMBER (THRU JULY 2023)

Board

3 hrs/wk

BRIAN DENT

CO-CHAIR

Board

6 hrs/wk

SARAH MADEY

CO-VICE CHAIR

Board

6 hrs/wk

AARON LEIFER

CO-VICE CHAIR

Board

6 hrs/wk

JENNA GAMBARO

SECRETARY

Board

6 hrs/wk

BEN HARMAN

TREASURER

Board

6 hrs/wk

MICHELLE ADAMS

BOARD MEMBER

Board

3 hrs/wk

MATT BARBEY

BOARD MEMBER

Board

3 hrs/wk

EDWIN PELTO

CHIEF DEVELOPMENT OFFICER

Staff

$238K

50 hrs/wk

MARGAUX COWDEN

CHIEF OF PROGRAM

Staff

$168K

50 hrs/wk

WILLIAM DEVERS

SR DIR OF DEVELOPMENT

Staff

$130K

40 hrs/wk

DARRIN J WILSTED

DIR OF EXECUTIVE AFFAIRS/BOARD RELATIONS

Staff

$113K

40 hrs/wk

SUSAN L FERRIS

DIR OF HR AND FINANCE

Staff

$108K

40 hrs/wk

Independent contractors

LAUTMAN MASKA NEILL & CO

DIRECT MAIL AND OTHER SERVICES

$139K

Grants received

Showing 112 of 112

FromAmountPurposeYear
$100K
EDUCATION
2024
$25K
UNRESTRICTED GENERAL SUPPORT
2024
$22K
GENERAL SUPPORT
2024
$19K
OPERATIONS
2024
$16K
Scholarship
2024
$6K
GENERAL SUPPORT
2024
$183K
For grant recipient's exempt purposes
2023
$150K
EDUCATION
2023
$55K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$52K
Unrestricted
2023
$51K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$50K
CHILDREN'S EDUCATION
2023
$25K
EDUCATION
2023
$25K
UNRESTRICTED GENERAL SUPPORT
2023
$20K
GENERAL SUPPORT
2023
$16K
MATCHING GIFTS
2023
$8K
GENERAL CHARITABLE USE
2023
$6K
GENERAL SUPPORT
2023
$6K
CHARITABLE DONATION
2023
$6K
Operating Support/Annual Fund
2023
Scholarship
2023
$206K
GENERAL SUPPORT
2022
$164K
For grant recipient's exempt purposes
2022
$150K
EDUCATION
2022
$100K
CHILDREN'S EDUCATION
2022
$46K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$29K
GENERAL SUPPORT
2022
$25K
UNRESTRICTED GENERAL SUPPORT
2022
$18K
GENERAL CHARITABLE USE
2022
$16K
Scholarship
2022
$15K
MATCHING GIFTS
2022
$13K
UNRESTRICTED GENERAL SUPPORT
2022
$10K
GENERAL SUPPORT
2022
$10K
General Support
2022
$9K
Matching Gift
2022
$7K
GENERAL SUPPORT
2022
$7K
CHARITABLE DONATION
2022
$162K
For grant recipient's exempt purposes
2021
$162K
For grant recipient's exempt purposes
2021
$64K
For recipient's exempt purpose
2021
$50K
CHARITABLE DONATION
2021
$43K
UNRESTRICTED
2021
$11K
MATCHING GIFTS
2021
$10K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2021
$10K
PROGRAM SUPPORT
2021
$9K
GENERAL SUPPORT
2021
$8K
CHARITABLE DONATION
2021
$6K
Matching Gift
2021
$141K
For grant recipient's exempt purposes
2020
$54K
UNRESTRICTED
2020
$54K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$14K
SCHOLARSHIPS
2020
$12K
GENERAL OPERATING SUPPORT
2020
$10K
FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
2020
$8K
Matching Gifts
2020
$7K
GENERAL SUPPORT
2020
$6K
General support
2020
$5K
GENERAL OPERATING
2020
$127K
For grant recipient's exempt purposes
2019
$108K
PROGRAM SUPPORT
2019
$53K
UNRESTRICTED OPERATING SUPPORT GRANT
2019
$25K
Charitable Donation
2019
$25K
Education
2019
$10K
GENERAL OPERATING SUPPORT
2019
$9K
General Charitable Operation
2019
$6K
Matching Gift
2019
$6K
2019
$6K
Scholarship
2019
$6K
General support
2019
$63K
For grant recipient's exempt purposes
2018
$22K
Unrestricted
2018
$14K
GENERAL OPERATING SUPPORT
2018
$10K
General Support building
2018
$10K
FOR GENERAL SUPPORT.
2018
$9K
General Support
2018
$9K
GENERAL SUPPORT
2018
$6K
Scholarship
2018
$203K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$100K
PROGRAM SUPPORT
2017
$20K
FOR GENERAL SUPPORT
2017
$16K
MATCHING GIFTS
2017
$11K
Matching Gift
2017
$10K
General Support
2017
$10K
General Support
2017

Funded by

$7.1M from 42 funders · 112 grants · 2017–2024

National Philanthropic Trust

$2.1M · 6 grants · 2017–2023

Fidelity Investments Charitable Gift Fund

$1.2M · 8 grants · 2017–2023

American Online Giving Foundation Inc

$1.0M · 6 grants · 2019–2024

Arizona Community Foundation

$424K · 4 grants · 2017–2022

Columbus Foundation

$401K · 3 grants · 2022–2024

Donor Advised Charitable Giving Inc

$257K · 6 grants · 2018–2023

Vanguard Charitable Endowment Program

$213K · 4 grants · 2020–2023

Horizons Foundation

$200K · 4 grants · 2019–2023

Details

EIN841582086
NTEE codeB82
Subsection03
Ruling date2001-11
Formed2001
Employees26
Volunteers450
POINT FOUNDATION — Mission, Financials & Grants Received | Grantivo