2026-04-23T11:30:21-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 770239916 Irvine Valley College Foundation IRVI 9495824500 5500 Irvine Center Drive Irvine CA 92618 Elissa N Oransky Executive Director 9495824500 2026-03-24 1 1 Kim Hunwardsen CPA P00484560 6122536500 2026-03-24 2024 2025-03-06 01:10:19Z Elissa N Oransky 5500 Irvine Center Drive Irvine CA 92618 2023580 0 X https://www.ivc.edu/foundation X 2003 CA The IVC Foundation is committed to raising funds to support the students of Irvine Valley College. 31 31 0 54 0 0 909673 1153629 25634 31374 93403 194301 8114 -4136 1036824 1375168 577515 626120 0 0 37109 27934 0 0 9711 230420 214016 845044 868070 191780 507098 5399733 6248339 72857 135203 5326876 6113136 X Public Education and community participation with the South Orange County Community College District by receiving contributions from the public, raising funds and making contributions to educational and community programs of the district and by developing, conducting and financing program projects designed to benefit the students enrolled at Irvine Valley College. 0 0 806142 626120 31374 Irvine Valley College Foundation helps to cultivate resources to provide access to an exceptional education and a caring campus community at Irvine Valley College, which is a part of the South Orange County Community College District. Irvine Valley College Foundation assists in campus-wide educational programs. Various campus groups provided financial support and support services to students to augment the school curriculum. 806142 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X Connie Cavanaugh 9495824500 28000 Marguerite Parkway Mission Viejo CA 92692 X Elissa Oransky Executive Director 40.00 0.00 X 223833 0 27336 Karen Orlando Director of Annual Giving 40.00 0.00 X 181309 0 27336 Damien Howard President 1.00 0.00 X X 0 0 0 Arie Shen 1st Vice President 1.00 0.00 X X 0 0 0 Kevin Johnson 2nd Vice President 1.00 0.00 X X 0 0 0 Robert Knowles Secretary 1.00 0.00 X X 0 0 0 Karen Moran Treasurer 1.00 0.00 X X 0 0 0 Michael Drennen Past President 1.00 0.00 X X 0 0 0 John Hernandez College President 1.00 0.00 X 0 0 0 Katherine Schmeidler College Rep - Academic Senate 1.00 0.00 X 0 0 0 Rosa Prada Director of EOPS 1.00 0.00 X 0 0 0 Ace Caguioa College Rep - Classified Senate 1.00 0.00 X 0 0 0 Barbara Jay Director -Past Chancellor's Designee 1.00 0.00 X 0 0 0 Clarice Encarnacion College Rep- ASIVC President 1.00 0.00 X 0 0 0 Alexander J Merton Director 1.00 0.00 X 0 0 0 Anouk Gorokhovsky Director 1.00 0.00 X 0 0 0 Aric Steinberg Director 1.00 0.00 X 0 0 0 Asin Shah Director 1.00 0.00 X 0 0 0 Bill Hewitt Director 1.00 0.00 X 0 0 0 Brian Arnold Director 1.00 0.00 X 0 0 0 Brian Brenner Director (Until May '25) 1.00 0.00 X 0 0 0 Cara Stewart Director 1.00 0.00 X 0 0 0 Eric Johnson Director 1.00 0.00 X 0 0 0 Eric Lee Director 1.00 0.00 X 0 0 0 Lisa Greenberg Director 1.00 0.00 X 0 0 0 Mike DePaul Director 1.00 0.00 X 0 0 0 Rich Hauschild Director (Until May '25) 1.00 0.00 X 0 0 0 Sandeep Pandya Director 1.00 0.00 X 0 0 0 Stephen Rochford Director (From Feb '25) 1.00 0.00 X 0 0 0 Susan Drummy Director 1.00 0.00 X 0 0 0 Sylvia Lee Director 1.00 0.00 X 0 0 0 William Crosby Director (Until Sept '25) 1.00 0.00 X 0 0 0 Carolyn Inmon Chancellor's Designee (From Sept '24) 1.00 0.00 X 0 0 0 Lorraine Racacho Director (From April '25) 1.00 0.00 X 0 0 0 Kevin Tranbarger Director (From April '25) 1.00 0.00 X 0 0 0 Ed Gerber Director (From Feb '25) 1.00 0.00 X 0 0 0 405142 0 54672 0 0 0 1 0 122319 100000 931310 63977 1153629 Campus Program 900099 31374 31374 31374 155103 155103 585301 546103 39198 39198 39198 98173 122319 102309 -4136 -4136 1375168 31374 0 190165 44043 44043 582077 582077 27934 15215 5675 7044 12582 12582 35986 28509 7477 5465 5465 17465 15763 1702 Program Expenses 78821 71251 7570 Equipment 31764 31764 Other Expense 23151 14430 8721 Dues and Memberships 5445 2420 3025 3337 670 2667 868070 806142 52217 9711 187921 99628 171956 178380 19764 23331 3644 4556563 5382114 463529 561242 5399733 6248339 25427 6095 47430 92923 0 36185 72857 135203 X 1394080 1656874 3932796 4456262 5326876 6113136 5399733 6248339 X 507098 247449 31713 X 0 1 X 1 0 X 787532 809970 1079007 909673 1153629 4739811 827852 851293 987126 1015238 1151435 4832944 1615384 1661263 2066133 1924911 2305064 9572755 161004 9411751 69954 81341 88759 118734 155103 513891 61480 442 4408 8114 74444 10161090 119348 0.92630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3283735 641205 255123 325220 3854843 2864004 280135 256682 117086 3283735 2385486 409383 155849 86714 2864004 2565030 283669 -361143 102070 2385486 2010268 294523 325301 65062 2565030 0.93579 0.06421 0.00000 1 0 0 Benefical Interest in CCS Endowment 495242 Intercompany Receivable 66000 561242 Intercompany Payables 36185 36185 X 2895491 247449 1151435 134021 1532905 1362586 12582 12582 1375168 2109231 1151435 102308 1253743 855488 12582 12582 868070 Part IV, Line 2b: The Foundation acts as a fiscal agent for departments, organizations, and groups of Irvine Valley College. Accordingly, at June 30, 2025 $92,923 of the Foundation's assets belong to other parties. The Foundation does not have legal access nor any discretion over the amounts held for others behalf. Pass-through scholarship funds are held in separate accounts and are excluded from unrestricted operating use. Part V, Line 4: The Foundation's endowment consists of individual funds established for a variety of purposes. These purposes include the funding of scholarships and other special purposes. Its endowment includes donor-restricted endowment funds. Part X, Line 2: The Foundation has adopted FASB ASC Topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain and, accordingly, no accounting adjustment has been made to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Special Events-Direct Expense 102,308. Changes in Beneficial Interest 31,713. Part XII, Line 2d - Other Adjustments: Special Events-Direct Expense 102,308. Celebrating Excellence 220492 122319 98173 534 19475 66595 900 14805 220492 122319 98173 534 19475 66595 900 14805 102309 -4136 1 South Orange County Community College District 28000 Marguerite Parkway Mission Viejo CA 92692 952479872 College District Gov 0 44043 Fair Market Value School Equipment and Supplies Education Programs 1 0 Scholarships for IVC Students 466 580397 1680 FMV Gift Cards Part I, Line 2: Students apply to receive scholarships. The foundation monitors the funds to ensure that they are being spent according to donor intent. 0 0 0 0 0 0 0 0 0 Elissa Oransky Executive Director 223833 0 0 0 0 0 0 0 27336 0 251169 0 0 0 Karen Orlando Director of Annual Giving 181309 0 0 0 0 0 0 0 27336 0 208645 0 0 0 Schedule J, Part II The employees listed in Part II are compensated by an unrelated organization, South Orange County Community College District, for services provided as an employee of this organization. Compensaton shown represents total compensation paid by the unrelated entity. X 21672 Fair Market Value X 1 500 Fair Market Value X 1 19934 Fair Market Value X Equipment 1 20271 Fair Market Value X Camera and Printer 2 1600 Fair Market Value 0 0 0 0 Part I, Column (b): The number of contributions are reported in Column (b). Form 990, Part VI, Section A, line 2 Family Relationship - Eric and Sylvia Lee Form 990, Part VI, Section B, line 11b The 990 tax return is reviewed by the foundation board finance chair, foundation director, foundation accountant and district internal auditor; all review the 990 and make recommended changes to the foundation director. The final form 990 is reviewed and approved by the entire board of governors. Form 990, Part VI, Section B, line 12c The organization has a written conflict of interest policy. The organization also monitors and enforces compliance with the conflict of interest policy. Conflict of interest forms are signed and reviewed annually. Any disclosures which gives rise to conflict of interest is further investigated. The board reviews any conflicts presented by interested parties. The Chairperson appoints a disinterested person or committee to investigate the transaction in question and reports findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. The board votes on the most benefical option for the organization. If the board has reason to believe an interested person had failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action. Form 990, Part VI, Section B, line 15 Executive director compensation is determined by South Orange County College District's (an unrelated entity) Board of Trustees. Form 990, Part VI, Section C, line 19 The Documents are readily available to the public upon request, and are available online at https://www.ivc.edu/foundation. Form 990 Part VII Column F The Organization participates in the Public Employee Retirement System of California and State Teachers Retirement System, defined benefit plans, due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. No amount is included in column F for a reasonable estimate of the increase in actuarial value. Form 990, Part XI, line 9: Changes in Beneficial Interest 31,713.