Irvine Public Schools Foundation
Nonprofit profile at a glance
- EIN
- 330733191
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Irvine, CA, USA
- Phone
- 9492638340
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Public Foundations
Reported finances
- Revenue
- $7,784,652
- Expenses
- $7,793,279
- Assets
- $10,634,577
- Liabilities
- $3,280,753
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- NEDA EATON (PRESIDENT & CHIEF EXECUTIV)
- KEEGAN BELL (EXECUTIVE VICE PRESIDENT)
Highest reported compensation
- NEDA EATON (PRESIDENT & CHIEF EXECUTIV): $281,050 total reported compensation
- KEEGAN BELL (EXECUTIVE VICE PRESIDENT): $183,601 total reported compensation
- SHERRY SLUNKA (CHIEF FINANCIAL OFFICER): $182,170 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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, parents appreciating teachers and staff, the science and math initiative, cubesat, the middle school and high school initiative including counseling support, irvine talks, and the fine arts initiative.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 97
- Accountability: 100
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 81.3%; rating input score 81
- Fundraising efficiency: $4.31 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.1%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 12.6%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 81.3% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $6.3M in reported program spending
- Leadership: top reported pay $281K · 25 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $129K reported
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 14/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.