Civic Intelligence

Generatepossibilityorg

990 • Fiscal year 2021 • EIN 20-0062062

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 28, 2022

312 5th AveVenice, CA 90291

(310) 399-2800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

51st percentile

0.03x

Higher debt load relative to revenue than 51% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$42,718

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

76th percentile

33%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-16%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$549,677

Up $136,760 (+33%) from 2020

Net Assets

Up

$541,881

Up $133,169 (+33%) from 2020

Liabilities

Up

$7,796

Up $3,591 (+85%) from 2020

Revenue

Down

$257,208

Down $49,527 (-16%) from 2020

Expenses

Down

$124,538

Down $7,620 (-5.8%) from 2020

Net Income

Down

$132,670

Down $41,907 (-24%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2016: $103,308Liabilities 2016: $312Net Assets 2016: $102,9962016Assets 2017: $145,325Liabilities 2017: $1,451Net Assets 2017: $143,8742017Assets 2018: $184,223Liabilities 2018: $0Net Assets 2018: $184,2232018Assets 2019: $235,992Liabilities 2019: $1,857Net Assets 2019: $234,1352019Assets 2020: $412,917Liabilities 2020: $4,205Net Assets 2020: $408,7122020Assets 2021: $549,677Liabilities 2021: $7,796Net Assets 2021: $541,8812021Assets 2022: $590,407Liabilities 2022: $10,678Net Assets 2022: $579,7292022Assets 2023: $609,253Liabilities 2023: $1,908Net Assets 2023: $607,3452023Assets 2024: $772,357Liabilities 2024: $0Net Assets 2024: $772,3572024

Highlighted filing

2021

Assets$549,677
Liabilities$7,796
Net Assets$541,881

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2016: $111,376Expenses 2016: $49,788Net Income 2016: $61,5882016Revenue 2017: $127,891Expenses 2017: $87,013Net Income 2017: $40,8782017Revenue 2018: $155,697Expenses 2018: $115,348Net Income 2018: $40,3492018Revenue 2019: $177,739Expenses 2019: $127,827Net Income 2019: $49,9122019Revenue 2020: $306,735Expenses 2020: $132,158Net Income 2020: $174,5772020Revenue 2021: $257,208Expenses 2021: $124,538Net Income 2021: $132,6702021Revenue 2022: $218,371Expenses 2022: $182,299Net Income 2022: $36,0722022Revenue 2023: $286,106Expenses 2023: $260,412Net Income 2023: $25,6942023Revenue 2024: $418,963Expenses 2024: $253,951Net Income 2024: $165,0122024

Highlighted filing

2021

Revenue$257,208
Expenses$124,538
Net Income$132,670
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 28, 2022
Return Version
2021v4.2
Gross Receipts
$257,208
Mission and Program Overview

Mission

The mission of generate possibility is to create a healing exchange of creative resources among people in need of all aspects of healing, including patients, families, caregivers, health professionals and researchers. Our goal is to improve the lives of those in need through the healing arts and sustainable wellness educational programs. Through these efforts, generate possibility is building a global community of people whose lives are affected by disease, stress and related issues and would welcome people and tranquility into their daily experience.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$401,557$492,024▲ $90,467
Cash and Non-Interest-Bearing Accounts$11,151$39,342▲ $28,191
Investments in Publicly Traded Securities-$18,311-
Receivables From Officers Etc$209--
Total Assets$412,917$549,677▲ $136,760
Liabilities
Other Liabilities$4,205$7,796▲ $3,591
Total Liabilities$4,205$7,796▲ $3,591
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$408,712$541,881▲ $133,169
Total Net Assets Fund Balance$408,712$541,881▲ $133,169
Total Liabilities and Net Assets / Fund Balance$412,917$549,677▲ $136,760
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kavya VelagapudiSee Schedule OPT$42,718$42,718

Board Members and Trustees

NameTitle
Donna GavinDirector, President
Mary DonlevyDirector, Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$257,013
Program Service Revenue
$0
Investment Income
$195
Other Revenue
$0
All Other Contributions
$242,013
Change in Net Assets
$132,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,850
Salaries, Compensation, and Employee Benefits$55,688
Total Fundraising Expense$20,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$48,648$1,800-$50,448
Current Officers, Directors, Trustees, and Key Employees$12,815$12,815$17,088$42,718
Other Salaries and Wages$11,856--$11,856
Information Technology$1,649$1,463$3,592$6,704
Fees for Services Accounting-$4,232-$4,232
Insurance$520$735-$1,255
Payroll Taxes$1,114--$1,114
Fees for Services Legal-$850-$850
All Other Expenses$620$100-$720
Other Expenses$513$200-$713
Office Expenses-$90-$90
Total Functional Expenses$81,573$22,285$20,680$124,538
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$209--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$7,312
Payroll Taxes Payable$484
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

Subsequent to year end, the organization changed its name from generatepossibility.org to lacnets. See attached amended articles of incorporation.

Form 990, Part VI, Section A, Line 8B

Part vi, question 8(b) was answered no as there were committees that had the authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

A draft return was reviewed by the president and executive director/treasurer. Any comments will be discussed with the outside cpa/tax preparer and any necessary changes will be made to the return prior to filing.

Form 990, Part VI, Section B, Line 15

Kavya velagapudi's compensation was based on data from guidestar's non profit compensation report.

Form 990, Part VI, Section C, Line 19

Governing doucuments and conflict of interest policy are available upon request.

Part VII, Section A

Kavya velagapudi was a director and treasurer for the full year. She also was the interim administrator from january through november and then became the executive director starting december 2021.

Filing and Contact Details

Filer

Filer Name
Lacnets
EIN
20-0062062
Phone
3103992800
Address
312 5TH AVE, VENICE, CA 90291

Signing Officer

Name
Donna Gavin
Title
President
Phone
3103992800
Signed
2022-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Gavin
Formed
2003
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
1
Volunteers
12

Preparer

Firm
Michael Berry CPA
Address
PO BOX 5045, CULVER CITY, CA 90231-5045
Preparer
Michael Berry
Phone
3107454027
Supplemental Narrative

Additional Explanations

Part I, Line 1

The mission of lacnets (formerly generatepossibility.org) is to create a healing exchange of creative resources among people in need of all aspects of healing, including patients, families, caregivers, health professionals and researchers. Our goal is to improve the lives of those in need through the healing arts and sustainable wellness educational programs. Through these efforts, lacnets is building a global community of people whose lives are affected by disease, stress and related issues and would welcome support and tranquility in their daily experience. Significant activities: lacnets leading program, the los angeles carcinoid neuroendocrine tumor society , provides ongoing patient education through its monthly patient education seminars and annual patient education conference in los angeles and virtually. In march 2020, the covid-19 pandemic created a shift from our in-person educational seminars, annual conference and support groups to new virtual platforms. During 2021, lacnets reached over 10,000 patients and caregivers around the world. The online views of our library consisting of more than 145 educational videos exceeded 55,000 in 2021 alone.

Form 990, Part IX, Line 11G

Audio visual: program service expenses 11,845. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,845. Program services: program service expenses 32,877. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,877. Strategic planning: program service expenses 0. Management and general expenses 1,800. Fundraising expenses 0. Total expenses 1,800. Health coaching: program service expenses 3,926. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,926.

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0INITIATED IN 2012, LACNETS HAS PRESENTED LEADING NEUROENDOCRINE TUMOR (NET) EXPERTS IN ONCOLOGY, GASTROENTEROLOGY, RADIOLOGY, NUCLEAR MEDICINE, CLINICAL TRIALS, PAIN MANAGEMENT, SURGERY, PATHOLOGY, ENDOCRINOLOGY, PSYCHIATRY, AND PALLIATIVE CARE. LACNETS HAS ALSO ADDRESSED PATIENT CONCERNS IN THE AREAS OF INSURANCE COVERAGE, NUTRITION, ADVOCACY, CAREGIVING, SUPPORTIVE CARE, AND WELLBEING. DURING 2021, LACNETS REACHED MORE THAN 10,000 PEOPLE-THREE TIMES MORE PATIENTS AND CAREGIVERS THAN IN 2019. LACNETS EDUCATIONAL PROGRAMS INCLUDED OVER 34 DOCTORS, HEALTH CARE PROFESSIONALS, PATIENTS AND EXPERTS AS PRESENTERS OR PANELISTS. THE NEWLY ADDED PATIENT AND CAREGIVER SUPPORT GROUPS REACHED 120 PEOPLE. IN 2021, LACNETS HOSTED A TOTAL OF 10 WEBINARS ON A WIDE VARIETY OF NET TOPICS BEYOND NET-SPECIFIC INFORMATION INCLUDING CAREGIVING, HEALTH COACHING, COPING, AND ADVANCED CARE PLANNING. THE WEBINARS FEATURED 10 RENOWNED NET EXPERTS FROM AROUND THE COUNTRY. LACNETS HOSTED THE FIRST-EVER VIRTUAL CONFERENCE IN JUNE 2021. THE LIVE VIRTUAL EVENT FEATURED NET EXPERTS, A LIVE Q&A WITH THE EXPERTS, A NETS 101 SESSION FOR THE NEWLY DIAGNOSED, AND PATIENT STORIES. LACNETS HOSTS A VIRTUAL WEEKLY SUPPORT GROUP FOR PATIENTS AND CAREGIVERS. WITH AN ATTENDANCE OF 25-30 PARTICIPANTS EACH WEEK, THIS GROUP IS A SAFE SPACE TO COME TOGETHER FOR COMMUNITY AND SUPPORT. LACNETS HOSTS A VIRTUAL MONTHLY SUPPORT GROUP FOR CAREGIVERS ONLY. LACNETS CONNECTS PATIENTS AND CAREGIVERS WITH MENTORS FOR SUPPORT THROUGH A PROGRAM CALLED NETCONNECT. NETCONNECT HAS REACHED 70 PATIENTS AND CAREGIVERS SINCE ITS INCEPTION. IN 2021, LACNETS RECEIVED OVER 55,000 ONLINE VIEWS OF NET VIDEOS INCLUDING PRESENTATIONS FROM TOP NET EXPERTS, PATIENT AND CAREGIVER STORIES, TESTIMONIALS, ANNUAL CONFERENCE PLAYLISTS, AND TUTORIALS. LACNETS IS OVERSEEN BY PROGRAM DIRECTOR LISA YEN, WHO GENEROUSLY PROVIDES PROFESSIONAL VOLUNTEER SERVICE TO THE PROGRAM.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF LACNETS (FORMERLY GENERATEPOSSIBILITY.ORG) IS TO CREATE A HEALING EXCHANGE OF CREATIVE RESOURCES AMONG PEOPLE IN NEED OF ALL ASPECTS OF HEALING, INCLUDING PATIENTS, FAMILIES, CAREGIVERS, HEALTH PROFESSIONALS AND RESEARCHERS. OUR GOAL IS TO IMPROVE THE LIVES OF THOSE IN NEED THROUGH THE HEALING ARTS AND SUSTAINABLE WELLNESS EDUCATIONAL PROGRAMS. THROUGH THESE EFFORTS, LACNETS IS BUILDING A GLOBAL COMMUNITY OF PEOPLE WHOSE LIVES ARE AFFECTED BY DISEASE, STRESS AND RELATED ISSUES AND WOULD WELCOME SUPPORT AND TRANQUILITY IN THEIR DAILY EXPERIENCE. SIGNIFICANT ACTIVITIES: LACNETS LEADING PROGRAM, THE LOS ANGELES CARCINOID NEUROENDOCRINE TUMOR SOCIETY , PROVIDES ONGOING PATIENT EDUCATION THROUGH ITS MONTHLY PATIENT EDUCATION SEMINARS AND ANNUAL PATIENT EDUCATION CONFERENCE IN LOS ANGELES AND VIRTUALLY. IN MARCH 2020, THE COVID-19 PANDEMIC CREATED A SHIFT FROM OUR IN-PERSON EDUCATIONAL SEMINARS, ANNUAL CONFERENCE AND SUPPORT GROUPS TO NEW VIRTUAL PLATFORMS. DURING 2021, LACNETS REACHED OVER 10,000 PATIENTS AND CAREGIVERS AROUND THE WORLD. THE ONLINE VIEWS OF OUR LIBRARY CONSISTING OF MORE THAN 145 EDUCATIONAL VIDEOS EXCEEDED 55,000 IN 2021 ALONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUBSEQUENT TO YEAR END, THE ORGANIZATION CHANGED ITS NAME FROM GENERATEPOSSIBILITY.ORG TO LACNETS. SEE ATTACHED AMENDED ARTICLES OF INCORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART VI, QUESTION 8(B) WAS ANSWERED NO AS THERE WERE COMMITTEES THAT HAD THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT RETURN WAS REVIEWED BY THE PRESIDENT AND EXECUTIVE DIRECTOR/TREASURER. ANY COMMENTS WILL BE DISCUSSED WITH THE OUTSIDE CPA/TAX PREPARER AND ANY NECESSARY CHANGES WILL BE MADE TO THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4KAVYA VELAGAPUDI'S COMPENSATION WAS BASED ON DATA FROM GUIDESTAR'S NON PROFIT COMPENSATION REPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOUCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6KAVYA VELAGAPUDI WAS A DIRECTOR AND TREASURER FOR THE FULL YEAR. SHE ALSO WAS THE INTERIM ADMINISTRATOR FROM JANUARY THROUGH NOVEMBER AND THEN BECAME THE EXECUTIVE DIRECTOR STARTING DECEMBER 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AUDIO VISUAL: PROGRAM SERVICE EXPENSES 11,845. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,845. PROGRAM SERVICES: PROGRAM SERVICE EXPENSES 32,877. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,877. STRATEGIC PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,800. HEALTH COACHING: PROGRAM SERVICE EXPENSES 3,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,926.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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ReturnHeader/ReturnTs02022-10-28T15:41:15-05:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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