Points of Light Foundation

“In accordance with the organization's bylaws, section 4.15(a), there is an executive committee of the board which has the authority to exercise all of the powers of the board, while the board is not in session, except (i) such powers as are prohibited by law, (ii) the power to hire or remove the president of the corporation and (iii) such powers as may be reserved exclusively for the board or any other committee thereof as determined from time to time by resolution of the board. In addition, the executive committee may authorize the seal of the corporation to be affixed to all papers which may require it. The members of the executive committee consist of certain current voting board members, including the chairman of the board.”

“The form is prepared by a major accounting firm in conjunction with management. The audit committee holds a committee meeting to review the form. Following the meeting of the audit committee, all board members are sent a copy of the form as a part of a regular meeting of the board where it is reviewed prior to filing.”

“Board members sign conflict of interest statements on an annual basis. These statements are reviewed and any issues are addressed on a case-by-case basis.”

“The human resources committee of the board is responsible for the determination of the ceo's compensation. The committee's review process includes a comparison analysis of salaries to roles at similar non-profit organizations. In 2018, the organization contracted with a firm to conduct a compensation study to ensure fair compensation practices.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Points of light has substantially expanded their granting activiies.”

“Points of light ended the generationon brand in march 2022 to focus on continuing youth programming under the points of light brand.”

“Volunteer support services: program service expenses 2,956,637. Management and general expenses 1,453. Fundraising expenses 0. Total expenses 2,958,090. Consulting: program service expenses 1,100,117. Management and general expenses 383,081. Fundraising expenses 1,225. Total expenses 1,484,423. Other professional fees: program service expenses 13,466. Management and general expenses 6,585. Fundraising expenses 0. Total expenses 20,051. Event production: program service expenses 610,196. Management and general expenses 0. Fundraising expenses 0. Total expenses 610,196.”