powered by GuideStar

LAKE AVENUE FOUNDATION INC 

712 E Villa St 
Pasadena, CA 91101
www.lakeavefoundation.org

Mission and Programs

Mission

As a faith-based non-profit organization, Lake Avenue Community Foundation is unleashing the God-given potential of at-risk children, youth & families, providing them with the tools necessary to thrive academically, emotionally, economically, & spiritually.

Programs

STARS Elementary and Middle & High School After-School Programs provide academic support and enrichment, technology training, parental support and learning opportunities for approximately 150 students. Elementary students also participate in a literacy curriculum with engaging and skillful enrichment activities, college prep guidance, career and vocational awareness. Life skills training is also offered to the older students. In addition, we offer summer programs as well. Gifts-in-kind for this program, including professional services, media sponsorships and facilities, total $150,681 with an additional 140 annual volunteers.

NTEE Code

  • P20 (Human Service Organizations)

Balance Sheet Fiscal Year Ending September 30, 2015

Total Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Assets October 1, 2014September 30, 2015Change
Cash & Equivalent$55,316$96,326$41,010
Accounts Receivable$17,933$3,984($13,949)
Pledges & Grants Receivable$30,000$0($30,000)
Receivable/Other Due to changes in the 2008 Form 990, this data is no longer reported.$0$0$0
Inventories for Sale or Use$0$0$0
Investment/Securities Due to Changes in the 2008 Form, this value now includes Publicly Traded Securities as well as Other Securities. $0$0$0
Investment/Other Due to various changes in the way this data is reported in the 2008 Form 990, it may not be possible to accurately compare this data from the 2008 form 990 against the same field on prior forms $0$0$0
Fixed Assets The 2008 form does not distinguish between LBE as investments and LBE as fixed assets. This value is equivalent to the sum of both line items on earlier forms (Part IV line 55 plus line 57). $141,779$124,071($17,708)
Other Program Related Investments is now a separate field on the new form, Part X-13(A) and (B). $2,324$8,230$5,906
Total Assets:$247,352$232,611($14,741)

LiabilitiesOctober 1, 2014September 30, 2015Change
Accounts Payable$76,271$62,742($13,529)
Grants Payable$0$0$0
Deferred Revenue$0$10,834$10,834
Loans and Notes The value on this line may now include payables to former employees, disqualified persons and unrelated third parties. $0$0$0
Tax-Exempt Bond Liabilities$0$0$0
Other Due to various changes in the way this data is reported in the 2008 Form 990, it may not be possible to accurately compare this data from the 2008 Form 990 against the same field on prior forms $0$0$0
Total Liabilities:$76,271$73,576($2,695)

Fund Balance:$171,081$159,035($12,046)
 

Basic Information

  • This organization is a 501(c)(3) Public Charity.
  • Financial information in this report is derived from the organization's September 30, 2015 Form 990.

EIN:95-4847950
Year Founded: Information not available
Ruling Year:2001
Fiscal Year End Date: September 30, 2015
Assets: $232,611
(from Sep 30, 2015 Form 990)
Income: $1,115,179
(from Sep 30, 2015 Form 990)
No. of Employees:23

Nonprofits: Find out how to add to and update your information.

GuideStar is the registered trademark and operating name of GuideStar USA, Inc., a 501(c)(3) nonprofit organization. Any other use, including resale of the information or use for commercial gain, is prohibited, except in accordance with a GuideStar licensing agreement.