Large Asset Reserves
CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Point Foundation's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
Website
Ratings & Metrics
| Program % | Cost to Raise $100 |
|---|---|
| 82% | $9 |
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| Point Foundation | Audited Financial Statements | 84-1582086 |
| Point Foundation | IRS Form 990 | 84-1582086 |
|
Entity: Point Foundation Document Type: Audited Financial Statements Tax ID: 84-1582086 |
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Entity: Point Foundation Document Type: IRS Form 990 Tax ID: 84-1582086 |
Governance & Transparency
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Jorge Valencia | Executive Director / CEO | $365,973 |
| 2 | Edwin Pelto | Chief Development Officer | $254,430 |
| 3 | Scott Arneson | Chief Financial Officer | $207,837 |
|
1 Name: Jorge Valencia Title: Executive Director / CEO Compensation: $365,973 |
|
2 Name: Edwin Pelto Title: Chief Development Officer Compensation: $254,430 |
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3 Name: Scott Arneson Title: Chief Financial Officer Compensation: $207,837 |
Analysts' Notes
According to the Point Foundation (PF) audit of June 30, 2024 (Note 10, In-Kind Contributions): PF received in-kind contributions during the fiscal year-ended June 30, 2024, on which it placed a total value of $260,338. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Point Foundation (PF) audit of June 30, 2024 (Note 6, Commitment): "Point has an employment agreement with a key employee that expires in June 2029, and includes a severance payment clause, dependent on the termination terms, ranging from four to six months of the employee's base salary." |
According to the Point Foundation (PF) tax filing for the fiscal year ended June 30, 2024, PF reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a): "Margaux Cowden was given $66,473 in severance." [Margaux Cowden, Chief of Program, had total reported compensation of $172,088 during 2023 (IRS Form 990, Schedule J, Part II)]. Regarding non-fixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7): "Staff bonuses are determined on performance evaluation and completion of strategic plan objectives." PF reports providing "bonus & incentive compensation" during 2023 to five individuals. Jorge Valencia, Executive Director & CEO, received $57,600 of bonus and incentive compensation, with a total reported compensation of $365,973. The remaining four individuals received $2,953 to $19,067 with total compensation ranging from $167,858 to $254,430. |