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Nonprofiteer
← IRVINE PUBLIC SCHOOLS FOUNDATION

Form 990 for tax year 2023

Filed by IRVINE PUBLIC SCHOOLS FOUNDATION.

Totals

Total revenue
$7,203,383
Total expenses
$7,527,349
Contributions and grants received
$2,442,253
Grants paid
$1,714,563
Program service revenue
$4,624,517
Investment income
$168,276
Other revenue
-$31,663
Total assets, end of year
$9,442,391
Total liabilities, end of year
$2,590,331
Net assets or fund balances, end of year
$6,852,060
Program services expenses (Part IX)
$6,390,648
Management and general expenses
$573,645
Fundraising expenses
$563,056
Program service expenses (Part III)
$6,390,648

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $81,694

  • 1e · Government grants (contributions)

    $1,358,450

  • 1f · All other contributions, gifts and grants

    $1,002,109

  • 1g · Noncash contributions included above

    $156,686

  • 2a · Program service revenue: EDUCATION PROGRAMS

    total $3,873,074 · related or exempt $3,873,074

  • 2b · Program service revenue: EDUCATION SUPPORT PROGRAMS

    total $751,443 · related or exempt $751,443

  • 3 · Investment income

    total $138,353 · excluded $138,353

  • 7a · Gross sales of assets other than inventory

    securities $1,068,079

  • 7b · Less cost or other basis and sales expenses

    securities $1,038,156

  • 7c · Gain or loss

    securities $29,923

  • 7d · Net gain or loss

    total $29,923 · excluded $29,923

  • 8a · Fundraising events: gross income

    $15,775

  • 8a · Fundraising events: contributions included on line 1c

    $81,694

  • 8b · Fundraising events: direct expenses

    $47,438

  • 8c · Net income from fundraising events

    total -$31,663 · excluded -$31,663

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,714,563 · program services $1,714,563

  • 5 · Compensation of officers, directors and key employees

    total $949,325 · program services $414,214 · management and general $261,084 · fundraising $274,027

  • 7 · Other salaries and wages

    total $1,963,121 · program services $1,717,476 · management and general $81,004 · fundraising $164,641

  • 9 · Other employee benefits

    total $149,674 · program services $92,152 · management and general $21,819 · fundraising $35,703

  • 10 · Payroll taxes

    total $228,439 · program services $175,920 · management and general $25,492 · fundraising $27,027

  • 11c · Fees: accounting

    total $37,978 · management and general $37,978

  • 11g · Fees: other

    total $17,109 · program services $15,425 · management and general $1,684

  • 13 · Office expenses

    total $437,770 · program services $395,022 · management and general $12,297 · fundraising $30,451

  • 14 · Information technology

    total $71,426 · program services $52,061 · management and general $9,841 · fundraising $9,524

  • 16 · Occupancy

    total $127,269 · program services $77,173 · management and general $50,096

  • 22 · Depreciation, depletion and amortization

    total $29,665 · program services $28,488 · management and general $701 · fundraising $476

  • 23 · Insurance

    total $76,551 · program services $41,261 · management and general $31,836 · fundraising $3,454

  • 24a · Other expenses: NON-SALARIED TEACHING S

    total $1,216,285 · program services $1,216,285 · management and general $0 · fundraising $0

  • 24b · Other expenses: PROGRAM EXPENSES

    total $270,041 · program services $237,047 · management and general $32,994 · fundraising $0

  • 24c · Other expenses: IN-KIND CONTRIBUTIONS

    total $147,077 · program services $147,077 · management and general $0 · fundraising $0

  • 24d · Other expenses: CONSULTANTS

    total $43,360 · program services $39,360 · management and general $0 · fundraising $4,000

  • 24e · All other expenses

    total $47,696 · program services $27,124 · management and general $6,819 · fundraising $13,753

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,003,045 · end of year $2,427,609

  • 3 · Pledges and grants receivable

    beginning of year $51,184 · end of year $156,245

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,400 · end of year $120,081

  • 10a · Land, buildings and equipment: cost or other basis

    $1,313,263

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,301,180

  • 10c · Land, buildings and equipment, net

    beginning of year $41,749 · end of year $12,083

  • 11 · Investments: publicly traded securities

    beginning of year $4,793,525 · end of year $6,716,888

  • 15 · Other assets

    beginning of year $126,910 · end of year $9,485

  • 17 · Accounts payable and accrued expenses

    beginning of year $616,925 · end of year $632,453

  • 19 · Deferred revenue

    beginning of year $1,457,670 · end of year $1,914,902

  • 25 · Other liabilities

    beginning of year $160,260 · end of year $42,976

  • 27 · Net assets without donor restrictions

    beginning of year $6,468,079 · end of year $6,490,311

  • 28 · Net assets with donor restrictions

    beginning of year $369,879 · end of year $361,749

Mission and programs · 2023

Mission

IRVINE PUBLIC SCHOOLS FOUNDATION'S MISSION IS TO ENRICH THE EDUCATIONAL EXPERIENCE OF EACH CHILD IN EVERY SCHOOL. WE ACHIEVE THIS BY PROVIDING PROGRAMS, RAISING FUNDS, AND UNITING THE COMMUNITY IN SUPPORT OF EDUCATIONAL EXCELLENCE.

Activities or mission (Part I)

SEE STATEMENT O.

  • 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 38,000 STUDENTS IN THE DISTRICT.

    Expenses $1,440,000 · Grants $1,440,000

  • SUMMER ENRICHMENT ACADEMY (SEA)ENRICHMENT AND ACADEMIC CLASSES OFFERED TO K-12 STUDENTS DURING THE SUMMER, SERVING OVER 6,700 STUDENTS.

    Expenses $2,131,848 · Grants $43,065 · Revenue $2,036,362

  • AFTERSCHOOL CLASSROOM ENRICHMENT (ACE)ENRICHMENT AND ACADEMIC CLASSES OFFERED BEFORE AND AFTER SCHOOL AT 27 SCHOOLS IN THE DISTRICT SERVING 6,500 STUDENTS.

    Expenses $1,192,298 · Revenue $1,053,624

  • 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.

    Expenses $1,626,502 · Grants $231,498 · Revenue $1,534,531

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diane Kim

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Michael Dennin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Mike Breller

    FIRST PAST CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Eric Hsiao

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Shige Itoh

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mark Bennett

    ENDOWMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rich Masterson

    BEYOND EDUCATION MANAGER

    Total calculated
    $0
    Hours/week
    2

  • Geena Dougherty

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Heidi Bramlet

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Po Chen

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Zhihai Li

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Yoo

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Simon Shung

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Greenberg

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Hoffman

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Weiss

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James Speir

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Arash Aminian

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Neda Eaton

    PRESIDENT & CHIEF EXECUTIV

    Total calculated
    $286,174
    From this org
    $286,174
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,812
    Bonus
    $35,500
    Other
    $26,862
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $286,174

  • Sherry Slunka

    CHIEF FINANCIAL OFFICER

    Total calculated
    $173,950
    From this org
    $173,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,400
    Bonus
    $0
    Other
    $3,550
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $173,950

  • Keegan Bell

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $175,314
    From this org
    $175,314
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,714
    Bonus
    $0
    Other
    $9,600
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,314

  • Kellie Pendergest

    DIRECTOR OF MARKETING & CO

    Total calculated
    $125,373
    From this org
    $125,373
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Patricia Kasey

    SENIOR HUMAN RESOURCES MANAGER

    Total calculated
    $101,300
    From this org
    $101,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michelle Luna

    DIRECTOR OF PROGRAMS

    Total calculated
    $100,617
    From this org
    $100,617
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • IUSD-IRVINE UNIFIED SCHOOL DISTRICT

    $1,714,563

    EXTRA TEACHERS, INSTRUCTIONAL ASSISTANTS, ATHLETIC TRAINERS, NURSES,SUPPORT OF ART, MATH, MUSIC, SCIENCE, AND GRANTS TO TEACHERS AND SCHOOLS.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BEYOND EDUCATION LLC

    EDUCATIONAL SUPPORT · CA · income $0 · assets $25,612

    Directly controlled by IRVINE PUBLIC SCHOOLS FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349308116

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