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THE POINT FOUNDATION

AKA  Point
Los Angeles, CA
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GuideStar Summary

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is available
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Basic Organization Information

THE POINT FOUNDATION
Also Known As: Point
Physical Address: Los Angeles, CA 90036 
EIN: 84-1582086
Web URL: www.pointfoundation.org 
Blog URL: www.pointfoundation.org/news 
NTEE Category: B Educational Institutions
B40 Higher Education Institutions
B Educational Institutions
B50 Graduate, Professional(Separate Entities)
B Educational Institutions
B82 Scholarships, Student Financial Aid, Awards
Ruling Year: 2001 


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Mission Statement

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.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses (IRS Form 990, July 2012)

Fiscal Year Starting: July 01, 2012
Fiscal Year Ending: June 30, 2013

Total Revenue $3,456,390
Total Expenses $3,549,603

Revenue & Expenses

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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January 2013)

Mr. Jorge Valencia

Term:

Since Jan 2007

Profile:

Mr. Valencia has extensive operational, administrative and management experience in the non-profit, private and governmental sectors. Prior to joining The Point Foundation Jorge served as Executive Director of The Trevor Project, led the corporate communications division at Pueblo Corporation (Pueblo), a marketing firm located in Los Angeles. Some of his clients included Ford Motor Company, DirecTV, Food 4 Less and Sprint PCS. Prior to Pueblo, Mr. Valencia was director of communications at Hugh O?Brian Youth Leadership, which conducts leadership seminars for promising youth. During the Clinton Administration, Mr. Valencia served as the Director of External Affairs for the U.S. Small Business Administration (SBA). Prior to his political management endeavors, Mr. Valencia served as head of public relations and marketing at Power Productions International, Inc. where he was responsible for creating and negotiating sponsorship contracts with LA Gear Inc., Reebok International and City of Hope. ?The Point Foundation occupies an important and unique place in the non-profit world, and I'm excited to join such a strong and dynamic group,? said Mr. Valencia. ?I look forward to working with the board, staff and volunteers to pursue the organization?s critical mission to identify, encourage and support exceptional LGBT students so that they can have the opportunity to achieve their full potential and become meaningful members of society.? On a personal level, Mr. Valencia brings to his work a keen personal understanding of the issues many Point Scholars face, having grown up in Texas as part of a Mormon Latino family and graduated from Brigham Young University.

Leadership Statement:

Our work is so much more than just providing higher education scholarships to LGBTQ students across the country. It’s about instilling self-worth in our youth and letting them know how much we value whothey are and that we believe in them.  In turn, being selected as a PointScholar comes with the responsibility of using this opportunity to helpstrengthen the LGBTQ community, which is why we stress leadership as a quality applicants must exhibit and want to further develoExecutive Director & CEO

Board Chair (GuideStar Exchange,
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January 2013)

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Board of Directors (GuideStar Exchange,
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January 2013)

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Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in January 2013

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Programs

Program: (GuideStar Exchange,
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January 2013)

Budget:
--
Category:
Population Served:

Program Description:

Founded in 2001, Point Foundation (Point) is a publicly supported national non-profit organization that provides academic scholarships to lesbian, gay, bisexual and transgender (LGBT) undergraduate, graduate and post-graduate students of merit. The mission of Point is to provide financial support, mentoring, leadership training and hope to meritorious students who are marginalized because of their sexual orientation, gender identity or gender expression. Additionally, Point provides programs that affect social change by challenging attitudes that contribute to social stigma and its resulting prejudice, which is often experienced by those in the LGBT community. By helping scores of individuals obtain a solid educational foundation, Point is building a generation of leaders, committed both to personal achievement and to increasing acceptance and understanding within society as a whole. Point achieves its mission through scholarship grants, leadership training and individual mentoring programs.

Program Long-Term Success:

The Point Foundation has invested more than $3 million in scholarships to support LGBT students.

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

Program: Multi-Level Support for LGBT (GuideStar Exchange,
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January 2013)

Budget:
$2,321,358
Category:
Youth Development
Population Served:
Gays/Lesbians

Program Description:

Financial Support, Leadership training, mentoring to LGBT youth

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

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Impact Summary from the Nonprofit

Since its inception in 2001, Point Foundation has invested more than $15 million in the education and support of over 220 outstanding Point Scholars.  For the 2012/2013 academic year Point funded 76 Point Scholars across the country.  By helping these individuals obtain a solid educational foundation, Point is building a generation of leaders, committed both to personal achievement and to increasing acceptance and understanding within society as a whole. Point achieves its mission through scholarship grants, leadership training and individual mentoring programs.    Point’s work is vital because nearly one-third of LGBTQ students drop out of high school to escape the violence, harassment, and isolation they face there -  a dropout rate nearly three times the national average - and, as a result, are twice as likely to report they are not planning to pursue a higher education.
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