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
What are the reviews and ratings of this charity?
**Point Foundation: 100% (Four-Star out of Four Star Rating on Charity Navigator)**
The Point Foundation has achieved an impressive Four-Star rating on Charity Navigator, with an overall score of 100%. This rating signifies the organization's strong performance in accountability and finance, as evidenced by its notable 100% score in these categories. This reflects rigorous financial oversight and a commitment to transparency, including an independent board and no material diversion of assets. The Foundation effectively supports LGBTQ students through scholarships and various programs, serving 575 scholars during the 2023-2024 school year.
Despite its high marks, the organization has room for growth related to leadership, culture, and community as indicated by its lower scores in those areas. Specifically, the rating highlights that historical evaluations did not account for these categories, suggesting potential challenges in adaptability and community engagement. Nonetheless, Point Foundation has established strategic goals aimed at expanding its leadership development programs and diversifying fundraising efforts, which could enhance its impact moving forward.
The Foundation's proactive measures during the COVID-19 pandemic, including the Point COVID Emergency Fund, demonstrate its dedication to the well-being of its scholars. Collaboration with research bodies like the Williams Institute further showcases its commitment to understanding and supporting the unique challenges faced by LGBTQ students in higher education. Overall, Point Foundation remains a critical resource for empowering LGBTQ students to achieve their educational aspirations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Point Foundation?
96% of 35 reviewers on Facebook recommend Point Foundation. Here is a summary of their reviews:
Many reviewers express enthusiasm for the opportunities provided by Point Foundation, particularly emphasizing its commitment to supporting queer scholars. The nonprofit is noted for its dedication to fostering the academic and professional growth of LGBTQ+ individuals through scholarships and mentorship programs.
Overall, the sentiment is overwhelmingly positive, with users appreciating the impact of Point Foundation on the lives of queer students. The organization is recognized for its mission and effectiveness in delivering vital resources, reflecting a strong approval for its initiatives and programs.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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?
Point Foundation's revenue in 2023 was $10,563,939.
Official website here: www.pointfoundation.org
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):
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Official website here: www.pointfoundation.org
Where can I find the form 990 for Point Foundation?
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.
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Impact
July, 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.
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.
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.
- Investment Income: $445,517
- Gross Receipts: $20,263,674
Assets and Liabilities:
- Total Assets: $20,236,201
- Total Liabilities: $456,110
- Net Assets: $19,780,091
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Organization Details
Founding Year
2001
Phone
(833) 887-6462Principal Officer
Jorge Valencia
Main Address
6230 WILSHIRE BOULEVARD A PMB 890, LOS ANGELES, CA, 90048
Website
www.pointfoundation.orgNTEE Category
Code: B82 - Education
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