Irvine Public Schools Foundation
- Assets
- $9.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 172
- Location
- Irvine, CA
- Founding
- 11/1997
- Data as of
- 06/2021
- EIN
- 33-0733191
Organization Overview
Irvine Public Schools Foundation is located in Irvine, CA. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Irvine Public Schools Foundation employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irvine Public Schools Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Irvine Public Schools Foundation generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Irvine Public Schools Foundation has awarded 14 individual grants totaling $12,684,542. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSROOM AND HEALTH SUPPORT FOR THE IRVINE UNIFIED SCHOOL DISTRICT (IUSD). FUNDS WERE GRANTED TO IUSD TO PROVIDE EXTRA TEACHERS AND INSTRUCTIONAL ASSISTANTS TO MITIGATE THE EFFECTS OF LARGER CLASS SIZES, TO PROVIDE AND SUPPORT MUSIC AND SCIENCE INSTRUCTION, TO PROVIDE MENTAL HEALTH RESOURCES, AND TO PROVIDE ATHLETIC TRAINERS AND NURSES, AFFECTING ALL 36,000 STUDENTS IN THE DISTRICT.
SUMMER ENRICHMENT ACADEMY (SEA)ENRICHMENT AND ACADEMIC CLASSES OFFERED TO K-12 STUDENTS DURING THE SUMMER, SERVING OVER 2,700 STUDENTS.
AFTERSCHOOL CLASSROOM ENRICHMENT (ACE)ENRICHMENT AND ACADEMIC CLASSES OFFERED BEFORE AND AFTER SCHOOL AT 27 SCHOOLS IN THE DISTRICT SERVING 3,600 STUDENTS.
IPSF PROVIDES A VARIETY OF ADDITIONAL ENRICHMENT AND SUPPORT PROGRAMS TO THE STUDENTS AND TEACHERS OF IRVINE UNIFIED SCHOOL DISTRICT INCLUDING THE INNOVATIVE GRANTS PROGRAM PROVIDING GRANTS TO TEACHERS AND COUNSELORS, THE INSTRUMENT RENTAL PROGRAM, SPIRIT OF COMMUNITY, PARENTS APPRECIATING TEACHERS AND STAFF, THE SCIENCE AND MATH INITIATIVE, CUBESAT, THE MIDDLE SCHOOL AND HIGH SCHOOL INITIATIVE INCLUDING COUNSELING SUPPORT, IRVINE TALKS, THE FINE ARTS INITIATIVE, AND OC STEAM FEST PROVIDING ACTIVITIES IN SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neda Eaton President & Chief Executive Officer | Officer | 40 | $209,484 |
Sherry Slunka Chief Financial Officer | Officer | 40 | $155,904 |
Keegan Bell Executive Vice President | 40 | $116,844 | |
Kellie Pendergest Director Of Marketing & Communications | 40 | $105,506 | |
Cheryl Braun Chief Program Officer | 40 | $102,945 | |
Mike Breller Board Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,568 |
| Related organizations | $0 |
| Government grants | $1,691,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $493,111 |
| Noncash contributions included in lines 1a–1f | $24,282 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,274,443 |
| Total Program Service Revenue | $1,805,393 |
| Investment income | $81,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,990 |
| Net Income from Fundraising Events | -$11,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,153,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,641,138 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $728,030 |
| Compensation of current officers, directors, key employees. | $171,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,267,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,453 |
| Payroll taxes | $168,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,089 |
| Advertising and promotion | $0 |
| Office expenses | $183,404 |
| Information technology | $161,781 |
| Royalties | $0 |
| Occupancy | $126,711 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,948 |
| Insurance | $95,544 |
| All other expenses | $25,404 |
| Total functional expenses | $5,308,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,847,068 |
| Pledges and grants receivable | $155,868 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,327 |
| Net Land, buildings, and equipment | $138,383 |
| Investments—publicly traded securities | $5,318,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,485 |
| Total assets | $9,512,290 |
| Accounts payable and accrued expenses | $793,955 |
| Grants payable | $0 |
| Deferred revenue | $1,003,482 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $486,147 |
| Other liabilities | $47,414 |
| Total liabilities | $2,330,998 |
| Net assets without donor restrictions | $6,784,940 |
| Net assets with donor restrictions | $396,352 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,512,290 |
Grants Awarded
Over the last fiscal year, Irvine Public Schools Foundation has awarded $1,641,138 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Irvine, CA PURPOSE: EXTRA TEACHERS, INSTRUCTIONAL ASSISTANTS, ATHLETIC TRAINERS, NURSES,SUPPORT OF ART, MATH, MUSIC, SCIENCE, AND GRANTS TO TEACHERS AND SCHOOLS. | $1,641,138 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Irvine Public Schools Foundation has recieved totaling $184,405.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $50,000 |
Hoag Memorial Hospital Presbyterian Newport Beach, CA | | $25,000 |
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $25,000 |
Arnold And Mabel Beckman Foundation Irvine, CA PURPOSE: RESEARCH, GENERAL SUPPORT & EDUCATION | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,377 |
Broadcom Foundation Wilmington, DE PURPOSE: SPONSORSHIP FOR SCIENCE FAIR, INCLUDING A PRIZE FOR STUDENT OR STUDENTS WHOSE PROJECTS INCORPORATE ENGINEERING INTO SCIENCE CODING FOR RESEARCH AND PROJECT DESIGN | $15,000 |
Endowment Analysis
| Beg. Balance | $129,840 |
| Earnings | $38,469 |
| Admin Expense | $1,480 |
| Ending Balance | $166,829 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |