SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2017
Open to Public
Inspection
Name of the organization
LAKE AVENUE FOUNDATION INC
DBA STARS ILLUMINATE EDUCATE ADVOCATE
Employer identification number

95-4847950
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE TAX RETURN IS SENT TO EACH BOARD MEMBER REQUESTING ANY CHANGES. ONCE THE BOARD HAS APPROVED THE RETURN, IT IS ISSUED.
FORM 990, PART VI, SECTION B, LINE 12C UPON DISCLOSURE OF ALL MATERIAL FACTS AND FINANCIAL INTERESTS, A DISCUSSION IS CONDUCTED WITH THE INTERESTED PERSON. THE PERSON SHALL EXIT THE GOVERNING BOARD OR COMMITTEE MEETING WHILE A CLOSED SESSION IS CONDUCTED FOR THE PURPOSE OF ARRIVING AT A DETERMINATION AS TO WHETHER A CONFILICT OF INTEREST EXISTS. A VOTE IS THEN TAKEN TO MAKE THE FINAL DECISION.
FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED AS A PART OF AN ANNUAL BUDGETING PROCESS. THE COMPENSATION AMOUNTS AND BENEFITS ARE COMPARED TO SIMILAR ORGANIZATIONS IN THE GREATER GEOGRAPHIC AREA AND ALSO THROUGH THE USE OF COMPENSATION SURVEYS, ISSUED BY IDENTICAL ORGANIZATIONS AND ACCOUNTING FIRMS THAT PUBLISH THE INFORMATION. THE SALARY AND COMPENSATION AMOUNTS ARE PRESENTED TO THE ENTIRE BOARD OF DIRECTORS AS PART OF THE BUDGET APPROVAL PROCESS AND THE DECISION IS DOCUMENTED IN THE MINUTES ACCORDINGLY.
FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE WITH AN APPOINTMENT, DURING NORMAL BUSINESS HOURS AT THE FOUNDATION'S OFFICES.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2017


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