Overview
What is Lake Avenue Foundation Inc?
Lake Avenue Foundation Inc, operating under the name Stars Illuminate Educate Advocate, is a nonprofit organization situated in Pasadena, California. Their primary focus is to support and empower young individuals through various programs. The foundation offers after-school initiatives for approximately 150 students, providing academic assistance, technology training, and enrichment activities. Elementary students benefit from a literacy curriculum, college preparation guidance, and vocational awareness. Older students receive life skills training. In addition, the organization offers summer programs. The mission of Lake Avenue Foundation Inc is to create a community that affirmatively equips and emboldens young people to lead purposeful, service-oriented lives.
Official website here: www.gostars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Lake Avenue Foundation Inc, operating under the name Stars Illuminate Educate Advocate, has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 96% in the Accountability & Finance category, which highlights its commitment to transparency and effective management of resources.
One of the standout features of the foundation is its fully independent board, with 100% of its members being independent. This independence ensures that there is no conflict of interest and provides a strong governance structure. In addition, the organization has robust financial oversight mechanisms in place, such as an audit and oversight committee that received full points for its effectiveness.
While the organization demonstrates strong financial health with a program expense ratio of 73.59%, indicating that a significant portion of funds is directed toward its programs, it is essential for potential donors to consider how this translates into the impact of its initiatives. Overall, the Lake Avenue Foundation Inc appears to be a well-managed nonprofit with solid governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Avenue Foundation Inc legitimate?
Lake Avenue Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Avenue Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $70,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $836,518
For more financial information, click here
Official website here: www.gostars.org
What is the mission statement of Lake Avenue Foundation Inc?
The Lake Avenue Foundation Inc, operating under the name Stars Illuminate Educate Advocate, aims to establish a community that encourages, equips, and empowers young individuals to lead purposeful, service-oriented, and meaningful lives. Through their after-school programs, they provide academic support and enrichment, technology training, parental assistance, and learning opportunities for approximately 150 students. Elementary students also engage in literacy curriculum and career awareness activities, while older students receive life skills training. The organization also offers summer programs to continue their educational and skill-building initiatives.
Official website here: www.gostars.org
Who is the CEO of Lake Avenue Foundation Inc?
Nancy Stiles is the Board Chair of Lake Avenue Foundation Inc.
Official website here: www.gostars.org
What is the revenue of Lake Avenue Foundation Inc?
Lake Avenue Foundation Inc's revenue in 2022 was $1,469,663.
Official website here: www.gostars.org
Who are the executives of Lake Avenue Foundation Inc and what are their salaries?
The average compensation at Lake Avenue Foundation Inc during 2022 was $32,404. There are 28 employees and 112 volunteers at Lake Avenue Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.gostars.org
Where can I find the form 990 for Lake Avenue Foundation Inc?
Lake Avenue Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gostars.org
Learn more at the official website: www.gostars.org
Mission Statement of Lake Avenue Foundation Inc
Lake Avenue Foundation Inc, operating under the name Stars Illuminate Educate Advocate, aims to establish a community that encourages, equips, and emboldens young individuals to pursue a life filled with purpose, service, and meaning. This nonprofit organization strives to achieve this mission by offering academic support and enrichment programs, technology training, parental support, and learning opportunities for approximately 150 students through its after-school programs at Stars Elementary, Middle, and High School.
Elementary school students participating in these programs engage in a literacy curriculum with engaging and skillful enrichment activities, college preparation guidance, career and vocational awareness, and life skills training. The older students also benefit from these life skills training sessions, which are designed to prepare them for their future endeavors. Additionally, Lake Avenue Foundation Inc offers summer programs, providing a continuum of support and learning opportunities for the young people it serves.
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Impact
July, 2024
Lake Avenue Foundation Inc Dba Stars Illuminate Educate Advocate's impact is profound in equipping and empowering young people to pursue a life of purpose, service, and meaning. Through their elementary and middle and high school after-school programs, they provide academic support, enrichment, technology training, parental support, and learning opportunities to approximately 150 students. These programs include literacy curriculum, college prep guidance, career awareness, vocational training, and life skills training for older students. By offering such comprehensive services and support, Lake Avenue Foundation Inc Dba Stars Illuminate Educate Advocate is making a significant difference in the lives of these young individuals in Pasadena, CA.
This information is meant to be a general summary of Lake Avenue Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $391
- Program Service Revenue: $3,581
- Gross Receipts: $1,507,994
Assets and Liabilities:
- Total Assets: $1,029,983
- Total Liabilities: $125,189
- Net Assets: $904,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$2,019
OTHER INCOME
Revenue
$1,562
Organization Details
Founding Year
2001
Phone
(626) 449-4960Principal Officer
Nancy Stiles
Main Address
712 EAST VILLA STREET, PASADENA, CA, 91101
Website
www.gostars.orgNTEE Category
Code: P20 - Human services
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