Irvine Public Schools Foundation

“A copy of the form 990 was provided via e-mail to all board of trustee members before filing. The executive committee of the board of trustees, including the board treasurer, reviewed all sections, as did the chief financial officer and the audit committee, prior to filing.”

“The conflict of interest policy requires the annual completion of a conflict of interest statement from all board of trustees and staff. Staff disclose potential conflicts to the chief executive officer, with the exception of the chief executive officer who discloses any potential conflicts to the board of trustees chair. Board of trustee members disclose any potential conflicts to the secretary of the board of trustees. The executive committee of the board of trustees is responsible for reviewing and dealing with any information pertinent to this issue and taking appropriate action, if required, including taking the issue to the full board of trustees if deemed necessary.”

“The executive committee of the board of trustees researched three reputable salary surveys, reviewed comparable organizations from the same geographic area, and consulted an independent advisor before determining the chief executive officer salary, salary surveys and comparables are also used by the board of trustees for other key employee salaries, and all ranges are reviewed annually by the executive committee and a board appointed compensation committee.”

“The organization's form 990 is available online and by request. Additional governing documents, including the organizations annual audit, bylaws, and conflict of interest policy are also available on request.”

“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.”

“Payroll service fees: program service expenses 9,098. Management and general expenses 991. Fundraising expenses 0. Total expenses 10,089.”

“In kind contributions: program service expenses 10,793. Management and general expenses 1,471. Fundraising expenses 0. Total expenses 12,264. Repairs & maintenance: program service expenses 7,161. Management and general expenses 236. Fundraising expenses 0. Total expenses 7,397. Consultants: program service expenses -80. Management and general expenses 2,900. Fundraising expenses 1,867. Total expenses 4,687. Taxes & licenses: program service expenses 820. Management and general expenses 236. Fundraising expenses 0. Total expenses 1,056.”

“PPP LOAN 335,144.”

“There has been no change to the review process of the audited financial statements. The audit committee reviews the audited financial statements and presents them to the board of trustees for approval. The audit committee is responsible for the selection of the independent auditor.”