EIN 84-1582086

Point Foundation

IRS 501(c) type
501(c)(3)
Num. employees
24
Year formed
2001
Most recent tax filings
2023-06-01
Description
Point Foundation empowers promising lesbian, gay, bisexual, transgender, and queer students to achieve their full academic and leadership potential - despite the obstacles often put before them to make a significant impact on society.
Total revenues
$10,563,939
2023
Total expenses
$5,696,160
2023
Total assets
$20,236,201
2023
Num. employees
24
2023

Program areas at Point Foundation

Scholarship & scholar support: as of june 2023, Point Foundation (Point) has awarded or will award 2,367 scholarships and has invested more than $47 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 opportunity grants. 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 or coach, 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 2022-2023 academic year, Point Foundation supported 558 students including 70 Point flagship scholars, 91 community college scholars, 280 bipoc scholars and 117 opportunity grant recipients. 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 2022-23 Point scholars: 83% identify as a racial or ethnic group other than white; 42% identify as transgender or non-binary; and 55% are the first in their families to go to college.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 and coaching starts with training mentors on best practices in lgbtq mentoring and coaching 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 107 volunteers served as mentors and coaches to flagship and community college scholars. In aggregate, mentors and coaches had more than 850 meetings with scholars to provide personal and professional development. Through an exclusive online portal, Point provides bipoc scholars and opportunity grant recipients with year-round access to lgbtq peers who share their insights and tips for success. Bipoc scholars also benefitted from two expert coaching panel discussions focused on the intersectional experiences of lgbtq bipoc students. One session offered strategies for challenging imposter syndrome and the second provided resources for mental health and wellness.
Scholar selections:the flagship scholarship application opened october 26, 2022, and closed december 28, 2022. We received 2,608 applications. Of these, 1,131 advanced to the semifinal round and were asked to submit additional materials. 47 candidates advanced to the final round. Finalists submitted a recorded presentation about their academic interests, leadership, and service. Ultimately, 23 candidates were selected as Point scholars.the community college scholarship application opened november 3, 2022, and closed january 9, 2023. We received 370 applications. Of these, 241 advanced to the final round. Finalists submitted a recorded presentation of their passions and academic and professional goals. Ultimately, 94 candidates were selected as community college scholars.we run two selection cycles per year for the bipoc scholarship. The first cycle opened september 14, 2022, and closed october 26, 2022. We received 487 applications. Of these, 161 candidates were selected as bipoc scholars. The second cycle opened february 15, 2023, and closed march 15, 2023. We received 570 applications. Ultimately, 119 candidates were selected as bipoc scholars.opportunity grant recipients do not apply; instead, we select highly rated flagship and community college applicants that advanced to the semifinalist and finalist rounds but did not receive one of those scholarships. We awarded 118 opportunity grants in total.
Leadership development: Point provided a blend of in-person and online programming in 2022-23. 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 coach and victoria's secret to meet with company executives and leaders for each company's lgbtq erg. Online programming in 2022-23 included two opportunity fairs at which scholars learned about internship and career opportunities at Point's partner companies, informational sessions about working for the white house through the office of presidential personnel, a financial literacy workshop, and a seminar with eminent historian susan stryker. The community college conference was held in spring and fall, with a total of 50 community college scholars engaging with seasoned experts that 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, resume writing 101, and networking to create opportunity.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, become the leaders of tomorrow.

Who funds Point Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$289,430
Arizona Community FoundationGeneral Support$206,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$163,807
...and 31 more grants received totalling $1,423,800

Personnel at Point Foundation

NameTitleCompensation
Jorge ValenciaExecutive Director and Chief Executive Officer$336,290
Scott ArnesonChief Financial Officer$196,040
Edwin PeltoChief Development Officer$230,720
Margaux CowdenChief of Program$159,896
Susan L FerrisHuman Resources and Finance Director$103,044
...and 11 more key personnel

Financials for Point Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$10,060,950
Program services$0
Investment income and dividends$440,208
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$5,309
Net income from fundraising events$5,965
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$51,507
Total revenues$10,563,939

Form 990s for Point Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-12-14990View PDF
2022-062023-01-12990View PDF
2021-062021-12-08990View PDF
2020-062021-04-05990View PDF
2019-062020-01-30990View PDF
...and 9 more Form 990s
Data update history
August 25, 2024
Received grants
Identified 8 new grant, including a grant for $100,000 from Coach Foundation
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $289,430 from American Online Giving Foundation
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 5, 2024
Updated personnel
Identified 3 new personnel
January 29, 2024
Updated personnel
Identified 11 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
EducationLGBTQ
Characteristics
Fundraising eventsNational levelEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
6230 Wilshire Blvd A PMB 890
Los Angeles, CA 90048
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
pointfoundation.org/ 
Phone
(323) 933-1234
Facebook page
pointfoundation 
Twitter profile
@pointfoundation 
IRS details
EIN
84-1582086
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
119347
FTB Entity ID
2546178
AB 488 data last updated ("as-of") date
2024-11-06
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