Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
44 people listed on the 990; $1.5M paid to officers and key staff.
Jorge Valencia’s $350K as Executive Director & CEO is at the 97th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Jorge Valencia | $349,951 | $338,386 | $336,290 | $331,658 | $316,599 |
| Edwin Pelto | $247,462 | $237,592 | $230,720 | $222,440 | — |
| Scott Arneson | $222,730 | $201,537 | $196,040 | $177,916 | $157,369 |
| Kevin Wright | $219,189 | $155,428 | — | — | — |
| Edward T Farley | — | — | — | $176,748 | $155,813 |
| Margaux Cowden | $113,405 | $167,531 | $159,896 | — | — |
| Edward Pelto | — | — | — | — | $155,256 |
| William Devers | $145,932 | $130,155 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Grants scholarships to deserving LGBTQ+ students.
Questions for Point Foundation
Your first name shows with your question. Point Foundation answers here, for everyone.
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Scholarship & scholar support as of june 2024, point foundation (point) has awarded 3,498 scholarships and has invested more than $61 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…
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.3M |
| InvestmentsLn 11–13 | $16.6M | $21.5M |
| Land, buildings, equipmentLn 10c | $59K | $40K |
| Total assetsLn 16 | $20.2M | $24.2M |
| LiabilitiesLn 26 | $456K | $611K |
| Net assetsLn 32 | $19.8M | $23.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.9M | $1.9M | ||
| Pay of current officers, directors and key staffLn 5 | $1.2M | $849K | $104K | $216K |
| Other salaries and wagesLn 7 | $1.5M | $1.1M | $90K | $275K |
| Pension plan contributionsLn 8 | $33K | $24K | $3K | $6K |
| Other employee benefitsLn 9 | $183K | $133K | $16K | $34K |
| Payroll taxesLn 10 | $183K | $133K | $16K | $34K |
| Legal feesLn 11b | $14K | $14K | ||
| Accounting feesLn 11c | $42K | $42K | ||
| Professional fundraising feesLn 11e | $76K | $76K | ||
| Investment management feesLn 11f | $16K | $16K | ||
| Other fees for servicesLn 11g | $113K | $80K | $33K | |
| Office expensesLn 13 | $236K | $154K | $18K | $63K |
| Information technologyLn 14 | $76K | $66K | $7K | $2K |
| OccupancyLn 16 | $15K | $13K | $1K | $816 |
| TravelLn 17 | $108K | $85K | $8K | $15K |
| Conferences, conventions and meetingsLn 19 | $121K | $84K | $3K | $34K |
| Depreciation, depletion and amortizationLn 22 | $20K | $17K | $2K | $1K |
| InsuranceLn 23 | $123K | $104K | $12K | $7K |
| Other expenses (24a–d)Ln 24 | $771K | $685K | $21K | $65K |
| All other expensesLn 24e | $21K | $21K | ||
| Total functional expensesLn 25 | $6.7M | $5.5M | $394K | $862K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $9.1M | $7.4M | $1.7M | $25.9M | 990 PDF |
| FY2024 Viewing | $10.0M | $6.7M | $3.3M | $23.6M | 990 PDF |
| FY2023 | $10.6M | $5.7M | $4.9M | $19.8M | 990 PDF |
| FY2022 | $6.0M | $4.9M | $1.1M | $14.7M | 990 PDF |
| FY2021 | $8.7M | $4.3M | $4.4M | $14.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $10,043,390 revenue, 12 lines filed
Part VI · Governance 34 of 34 board members independent, no flags
Part VIII · Statement of revenue $10,043,390 across 9 lines filed
Part IX · Statement of functional expenses $6,741,374 across 20 lines filed
Part X · Balance sheet $24,207,626 assets, 15 lines filed
Part XI · Reconciliation of net assets $23,596,633 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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