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Irvine Public Schools Foundation

 1 Post, Suite 250
 Irvine, CA 92618
[P] (949) 263-8340
[F] (949) 263-8343
[email protected]
Neda Eaton
 Printable 1 Page Summary
 Printable Profile
Organization DBA --
Former Names --
Organization received a competitive grant from the community foundation in the past five years Yes
Employer Identification Number 33-0733191 00000


Mission StatementMORE »

Our 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. 

Mission Statement

Our 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. 

FinancialsMORE »

Fiscal Year 2019
Projected Expenses $8,039,807.00
Projected Revenue $8,039,807.00

ProgramsMORE »

  • Educational programs

Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Mission Statement

Our 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. 

Background Statement

Founded in 1996 by concerned parents and community leaders of Irvine, IPSF raises money to improve Irvine public schools. We pay for teachers and other educators whose positions the state of California does not fund or require, but our parents and educators consider necessary for a quality education. IPSF’s role has evolved from providing limited educational enhancements, at a cost of tens of thousands of dollars, to funding critical educational programs at a cost of more than $5 million annually. IPSF currently pays for classroom support so our children can enjoy reasonable class sizes, science and reading enrichment, music teachers and assistants, college and career counselors, nurses and health clerks among other programs. IPSF’s volunteer board of directors consists of parents, community members, and business leaders from the Irvine community.

Impact Statement

Since 1996, IPSF has donated more than $68 million to support Irvine schools in critical areas including teacher salaries, music, STEAM, teacher grants, and health & wellness.

Needs Statement

IPSF raises funds to provide additional teaching resources and programs for schools in IUSD.  We currently have matching funds available from the City of Irvine in the amount of $1.3 million dollars annually, which we strive to meet and exceed to benefit our schools. Irvine is one of the lowest funded school districts in the nation making addition funding support crucial to avoiding reductions in programs and staff. 

CEO Statement


Board Chair Statement


Other Ways to Donate/Volunteer

IPSF appreciates the support of our community. Donations can be made by check, credit card or online. We also accept in-kind donations of gifts or services and have short-term and long-term volunteer opportunities.

Geographic Area Served

In a specific U.S. city, cities, state(s) and/or region.
Central Orange County
Irvine, California

Organization Categories

  1. Education - Elementary & Secondary Schools
  2. Youth Development - Youth Development Programs
  3. -



Educational programs

In addition to IPSF's fundraising efforts, IPSF helps to provide a number of educational programs to supplement the district's curriculum and to enhance students' educational experience. A few of IPSF's exceptional programs are: 1) ACE - After-school Classroom Enrichment. This program is dedicated to providing high-quality, affordable after school enrichment education to our public school children. Each semester, hundreds of children participate in these science, math, language, technology, study skills, athletics and fine arts classes. Over 28 schools offer  ACE classes and rely on a dedicated group of over 100 community volunteers to reduce overhead. Last year, over 6,000 children participated in this outstanding program. 2) Summer Enrichment Academy- summer school classes for elementary and middle school students are offered by IUSD under the auspices of the foundation. Over 6,500 students participate in classes that are held at a number of schools sites throughout the city. 3) Innovative Grants Program - Community funding awarded directly to teachers and their classrooms. 4) Instrument Rental - 2,000 musical instruments rented to students annually 5) CubeSat- program for high school students giving them an opportunity to build a nano-satellite and launch it to space. 6) Irvine Talks- an event for high school students and the community where selected students have the opportunity to share their personal perspectives on various topics (ie: mental health, passions, race, diversity, disability, vulnerability). 7) STEAM Carnival- over 4,500 students, parents and community members enjoy a full day of interactive STEAM lessons from over 50 exhibitors.
Budget  $6,236,502.00
Category  Education, General/Other Education, General/Other
Population Served Children and Youth (0 - 19 years)
Program Short-Term Success  The short-term success of IPSF programs is to increase teacher to student ratio, supplement with budget cuts to avoid staff decreases, provide funding for music and other critical programs for students' development and opportunity to participate in Afterschool Class Enrichment and Summer Enrichment Academy through scholarships. 
Program Long-Term Success  The long term success of IPSF programs is to enrich the educational experience for every child in each school by providing funding for staff, opportunities for all students in every demographic, access to science, technology, engineering, arts, math and music. 
Program Success Monitored By  IPSF has a Program Assessment Committee to monitor the effectiveness of each program. The committee consists of members of IPSF board of trustees as well as community leaders. 
Examples of Program Success  Program enrollments increased 40% over the last three years. Revenue has increased 32% over the last three years. Provided close to $40,000 in scholarships last year.  IPSF's CubeSat program was one of two high schools recognized by NASA and offered a free launch in 2018. 


CEO/Executive Director Neda Eaton
CEO Term Start Aug 2009
CEO Email [email protected]
CEO Experience Neda joined IPSF in July 2009 after serving as Senior Operations Officer at Boys Town USA. Prior to her experience at Boys Town, Neda served as a senior manager at Olive Crest Homes and Services for Abused Children. Neda has also served in various leadership positions as an educator and consultant in her role as a Board Certified Behavior Analyst.

Neda is a graduate of IUSD’s University High School. She completed her Bachelor’s degree at Biola University, competed professionally in volleyball after graduation and went on to earn a Master’s degree in Psychology from Pepperdine University, graduating summa cum laude. Neda was named as one of OC Metro’s “20 Women to Watch in 2010.”

Former CEOs and Terms

Name Start End
Jerry Mandel Feb 2008 May 2009
Tim Shaw Feb Feb 2008

Senior Staff

Name Title Experience/Biography
Cheryl Braun Chief Program Officer --
Katie Holmes Chief Development Officer --
Mrs. Sherry Slunka CFO --


Award Awarding Organization Year
2018 Nonprofit of the Year Nonprofit of the Year 2018
#1 Education Foundation in CA EdWeek 2017
#3 Education Foundation in US EdWeek 2017


Affiliation Year
-- --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --



Staff Information

Number of Full Time Staff 18
Number of Part Time Staff 2
Number of Volunteers 150
Number of Contract Staff 0
Staff Retention Rate % 94%
Staff Professional Development Yes

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 5
Caucasian: 11
Hispanic/Latino: 2
Native American/American Indian: --
Other: --
Other (if specified): 2 unknown
Gender Female: 20
Male: --
Not Specified --

Plans & Policies

Organization has Fundraising Plan? Yes
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan Yes
Organization Policies And Procedures Yes
Business Continuity of Operations Plan Yes

Risk Management Provisions

Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Government Licenses


CEO Comments


Foundation Comments



Board Chair Richard Masterson
Board Chair Company Affiliation Community Leader
Board Chair Term July 2018 - July 2020
Board Co-Chair Thad Martin
Board Co-Chair Company Affiliation HoneyBaked, Inc
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Grace Linker -- --
Jim Aralis Microsemi Voting
Mike Breller Beacon Pointe Advisors Voting
Danny Chang Wells Fargo Voting
Kathy Colao Kate Counseling Voting
Michael Dennin UC Irvine Voting
Geena Merrill Dougherty -- --
Doug Evertz -- --
Eric Hsiao BNY Mellon Wealth Management Voting
Michael Jafar Allergan Voting
Diane Kim Orange County Korean Cultural Center Voting
Grace Lin Reproductive Fertility Center Voting
Richard Masterson Community leader Voting
Mohammad Rashidian Schools First Federal Credit Union Voting
Steve Rhorer Konica Minolta Voting
Luke Schell Merrill Lynch Voting
Damon Smith DCI Voting
Damon Stone -- --
Chris Van Dusen Parcon Media Voting
Doug Walker Trane Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Additional Board Members and Affiliations

Name Company Affiliations Status
Kenya Beckmann -- --
Carol Choi -- --
Steve Churm -- --
Connie Colao -- --
Bill Habermehl -- --
Mike Hamel -- --
Anne Hultgren -- --
Dennis Kuhl -- --
Jeff Larsen -- --
Karl Tokita -- --
Shareen Young -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 6
Caucasian: 12
Hispanic/Latino: 1
Native American/American Indian: 3
Other: --
Other (if specified): --
Gender Female: 5
Male: 17
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 85%
Written Board Selection Criteria --
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 50%
Board Orientation Yes

CEO Comments


Foundation Comments


Standing Committees

  • Audit
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Program / Program Planning


Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Fiscal Year July 01, 2018 to June 30, 2019
Projected Revenue $8,039,807.00
Projected Expenses $8,039,807.00
Form 990s

2016 990

2015 990

2014 990

2013 Form 990

2012 Form 990

Audit Documents

2016 Audited Financial Statement

2015 Audited Financial Statement

2014 Audited Financial Statement

Audited Financials [4]

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2016 2015 2014
Total Revenue $7,410,061 $5,730,686 $4,967,447
Total Expenses $7,124,509 $5,723,398 $4,629,247

Prior Three Years Revenue Sources

Revenue By Revenue Source
Fiscal Year 2016 2015 2014
Foundation and
Corporation Contributions
$1,482,356 $1,224,939 $1,019,268
Government Contributions $1,295,791 $1,307,500 $879,500
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $1,295,791 $1,307,500 $879,500
Individual Contributions -- -- --
Indirect Public Support $0 $0 $0
Earned Revenue $3,964,638 $2,518,567 $2,231,674
Investment Income, Net of Losses $116,247 $151,310 $121,886
Membership Dues $0 $0 $0
Special Events $559,820 $580,168 $497,567
Revenue In-Kind $650,412 $392,466 $341,024
Other $12,485 $30,386 $-13,429

Prior Three Years Expense Allocations

Expense By Type
Fiscal Year 2016 2015 2014
Program Expense $5,989,854 $4,604,191 $3,589,121
Administration Expense $402,523 $388,123 $426,519
Fundraising Expense $732,132 $731,084 $613,607
Payments to Affiliates $0 $0 $0
Total Revenue/Total Expenses 1.04 1.00 1.07
Program Expense/Total Expenses 84% 80% 78%
Fundraising Expense/Contributed Revenue 22% 23% 26%

Prior Three Years Assets and Liabilities

Assets and Liabilities
Fiscal Year 2016 2015 2014
Total Assets $7,782,171 $6,387,057 $6,091,586
Current Assets $4,503,572 $2,836,128 $2,398,860
Long-Term Liabilities $51,067 $48,529 $49,701
Current Liabilities $3,529,410 $2,165,336 $1,711,377
Total Net Assets $4,201,694 $4,173,192 $4,330,508

Short Term Solvency

Fiscal Year 2016 2015 2014
Current Ratio: Current Assets/Current Liabilities 1.28 1.31 1.40

Long Term Solvency

Fiscal Year 2016 2015 2014
Long-term Liabilities/Total Assets 1% 1% 1%
Endowment Value $100,000.00
Spending Policy N/A
Percentage(If selected) --
Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? No

CEO Comments


Foundation Comments

Summary financial data is per the form 990s and consultation with the organization. Foundation/corporate and individual contributions are combined under Foundation and Corporation Contributions.


Other Documents

Article of City Manager Support of IPSF (2017)

IPSF Fact Sheet ()

No Other Documents currently available.