Overview
What is Point Foundation?
Point Foundation is a nonprofit organization situated in Los Angeles, California, dedicated to supporting LGBTQ students in their pursuit of higher education. As of June 2023, they have awarded or will award 2,367 scholarships, investing over $47 million in their scholars. Point Foundation offers four types of scholarships: traditional flagship, community college, BIPOC (for Black, Indigenous, and People of Color), and opportunity grants, all providing financial assistance. In addition to financial aid, these scholarships offer leadership development, academic support, mentorship, and professional development opportunities. By fostering a supportive community for LGBTQ students, Point Foundation is cultivating a generation of leaders who can advocate for equity and belonging in their chosen fields. During the 2022-2023 academic year, they supported 558 students, many from underrepresented groups on college campuses. Point Foundation's commitment to effective mentoring ensures that mentors and coaches receive training on LGBTQ mentoring best practices, with a total of 107 volunteers serving as mentors and coaches to scholars.
Official website here: www.pointfoundation.org
Is Point Foundation legitimate?
Point Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Point Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,010,364
Professional Fundraising Fees: $75,000
Other Salaries and Wages: $1,268,129
For more financial information, click here
Official website here: www.pointfoundation.org
What is the mission statement of Point Foundation?
Point Foundation empowers promising LGBTQ students to achieve their academic and leadership potential, despite the challenges they often face. The organization grants scholarships to support these students, investing over $47 million in over 2,300 scholars since June 2023. Point Foundation offers four types of scholarships: traditional, community college, BIPOC, and opportunity grants, providing financial assistance and leadership development programs. Scholars benefit from a supportive LGBTQ community, mentors, academic support, and professional development opportunities. By investing in LGBTQ students, Point Foundation is building a generation of leaders who can advocate for equity and belonging in their chosen fields and across society. The organization emphasizes effective mentoring and coaching, training mentors on best practices and providing year-round access to LGBTQ peers for BIPOC scholars and opportunity grant recipients.
Official website here: www.pointfoundation.org
Who is the CEO of Point Foundation?
Jorge Valencia is the Co-Chair of Point Foundation. The CEO's salary of Point Foundation is $336,290 and their total compensation is $361,864.
Official website here: www.pointfoundation.org
What is the revenue of Point Foundation?
Who are the executives of Point Foundation and what are their salaries?
The average compensation at Point Foundation during 2023 was $94,937. There are 24 employees and 574 volunteers at Point Foundation.
Here are 43 key members and their salaries (Point Foundation's CEO's salary is $336,290 and their total compensation is $361,864):
- Jorge Valencia (Executive Director & Ceo)
- Edwin Pelto (Chief Development Officer)
- Scott Arneson (Cfo)
- Margaux Cowden (Chief Of Program)
- Darrin J Wilsted (Senior Program Director)
- Susan L Ferris (Human Resources & Finance Director)
- Peter Lichtenthal (Co-Chair) [Trustee/Director]
- Brian Dent (Co-Chair) [Trustee/Director]
- Aaron Leifer (Co-Vice Chair) [Trustee/Director]
- Sarah Madey (Co-Vice Chair) [Trustee/Director]
- Jenna Gambaro (Secretary) [Trustee/Director]
- Ben Harman (Treasurer) [Trustee/Director]
- Mario Acosta-Velez (Board Member (Until 10/2022)) [Trustee/Director]
- Michelle Adams (Board Member) [Trustee/Director]
- Matt Barbey (Board Member) [Trustee/Director]
- Andrew Caravella (Board Member) [Trustee/Director]
- Brittany Ellenberg (Board Member (Until 06/2023)) [Trustee/Director]
- Glenn Evans (Board Member) [Trustee/Director]
- Nathan Friedman (Board Member) [Trustee/Director]
- Celina Gerbic (Board Member) [Trustee/Director]
- Diana Greshtchuk (Board Member) [Trustee/Director]
- Alan Guno (Board Member) [Trustee/Director]
- Megan Hastings (Board Member) [Trustee/Director]
- Jim Holmes (Board Member) [Trustee/Director]
- Kelly Horton (Board Member) [Trustee/Director]
- Alexia Korberg (Board Member) [Trustee/Director]
- Ben Kozub (Board Member) [Trustee/Director]
- Peter Lease (Board Member) [Trustee/Director]
- Marnie Merriam (Board Member) [Trustee/Director]
- Christopher Nizer (Board Member) [Trustee/Director]
- Seth Persily (Board Member) [Trustee/Director]
- Jerry Rojas (Board Member) [Trustee/Director]
- Jake Rostovsky Ma Lmft (Board Member (Until 01/2023)) [Trustee/Director]
- Sean Rourke (Board Member) [Trustee/Director]
- Eddie Santos (Board Member) [Trustee/Director]
- Stacey Smithers (Board Member) [Trustee/Director]
- Carl Streed (Board Member) [Trustee/Director]
- Hillary Super (Board Member) [Trustee/Director]
- Paul Thomas (Board Member) [Trustee/Director]
- Ryan Wootten (Board Member) [Trustee/Director]
- Jen Wohlner (Board Member (Until 10/2022)) [Trustee/Director]
- Paul Testa (Board Member (Until 07/2022)) [Trustee/Director]
- Anthony Yu (Board Member) [Trustee/Director]
Official website here: www.pointfoundation.org
Where can I find the form 990 for Point Foundation?
The Point Foundation’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.pointfoundation.org
Learn more at the official website: www.pointfoundation.org
Mission Statement of Point Foundation
Point Foundation, a renowned organization, is dedicated to granting scholarships to promising Lesbian, Gay, Bisexual, and Transgender (LGBT) students of merit. The mission of this nonprofit is to empower these students to achieve their full academic and leadership potential, despite the challenges they often face. By providing financial assistance and a supportive community, Point Foundation aims to build a generation of LGBTQ leaders who can advocate for equity and belonging in their chosen fields and across society.
The organization offers various scholarship programs, including the traditional flagship scholarship for students pursuing bachelor's, graduate, or professional degrees, community college scholarships, BIPOC scholarships for Black, Indigenous, and People of Color, and opportunity grants. These scholarships not only provide financial assistance but also include leadership development and academic support programming designed to foster student success. Scholars benefit from a supportive community of LGBTQ students and alumni, mentors or coaches, academic support from a scholar advocate, leadership training, and professional development.
By investing in the education and development of LGBTQ students, Point Foundation is making a significant impact on society. The organization supports a diverse group of students, many of whom are from groups traditionally underrepresented on college campuses. Point Foundation's commitment to effective mentoring and coaching is evident in their training of mentors on best practices in LGBTQ mentoring and coaching, and their year-round online portal for BIPOC scholars to connect with their peers and receive support. The organization's impact extends beyond individual students, as it is contributing to a more inclusive and equitable society by fostering future leaders in various fields.
Impact
This information is meant to be a general summary of Point Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Point Foundation's impact is profound, as it empowers promising LGBTQ students to achieve their full academic and leadership potential, despite the obstacles often put before them, ultimately enabling them to make a significant impact on society. With a mission to grant scholarships to lesbian, gay, bisexual, and transgender students of merit, Point Foundation has awarded or will award 2,367 scholarships, investing over $47 million in LGBTQ scholars. Through various scholarship programs and support services, Point Foundation not only provides financial assistance but also offers leadership development, academic support, mentorship, coaching, and professional development opportunities.
During the 2022-2023 academic year alone, Point Foundation supported 558 students, including those from traditionally underrepresented groups on college campuses. Up to 83% of Point Scholars 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 attend college. The organization's commitment to effective mentoring and coaching is evident through the training provided to mentors, resulting in positive educational outcomes for LGBTQ youth. With 107 volunteers serving as mentors and coaches, more than 850 meetings were conducted to provide personal and professional development support.
Moreover, Point Foundation's exclusive online portal offers BIPOC scholars and opportunity grant recipients year-round access to LGBTQ peers for sharing insights and tips for success. Expert coaching panel discussions focusing on the intersectional experiences of LGBTQ BIPOC students further enhance the support provided. By equipping LGBTQ students with the resources and guidance needed to excel in higher education, Point Foundation is nurturing a generation of LGBTQ leaders who possess the skills to advocate for equity and belonging in their respective fields and society as a whole.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Organization Details
Founding Year
2001
Phone
(833) 887-6462
Principal Officer
Jorge Valencia
Main Address
6230 WILSHIRE BOULEVARD A PMB 890, LOS ANGELES, CA, 90048
Website
www.pointfoundation.org
NTEE Category
Code: B82 - Education
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