Civic Intelligence

Generatepossibilityorg

990 • Fiscal year 2022 • EIN 20-0062062

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

1072 Aviation BlvdHermosa Beach, CA 90254

(303) 589-0515

Siviq Scores

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

Liabilities / Assets

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.05x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

66th percentile

17%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$48,025

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 22.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

61st percentile

7.4%

Faster asset growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-15%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$590,407

Up $40,730 (+7.4%) from 2021

Net Assets

Up

$579,729

Up $37,848 (+7.0%) from 2021

Liabilities

Up

$10,678

Up $2,882 (+37%) from 2021

Revenue

Down

$218,371

Down $38,837 (-15%) from 2021

Expenses

Up

$182,299

Up $57,761 (+46%) from 2021

Net Income

Down

$36,072

Down $96,598 (-73%) from 2021

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

2022

Assets$590,407
Liabilities$10,678
Net Assets$579,729

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

2022

Revenue$218,371
Expenses$182,299
Net Income$36,072
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$218,371
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$492,024$514,423▲ $22,399
Cash and Non-Interest-Bearing Accounts$39,342$55,897▲ $16,555
Investments in Publicly Traded Securities$18,311$20,087▲ $1,776
Total Assets$549,677$590,407▲ $40,730
Liabilities
Other Liabilities$7,796$10,678▲ $2,882
Total Liabilities$7,796$10,678▲ $2,882
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$541,881$579,729▲ $37,848
Total Net Assets Fund Balance$541,881$579,729▲ $37,848
Total Liabilities and Net Assets / Fund Balance$549,677$590,407▲ $40,730
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kavya VelagapudiDirector, Executive Director, TreasurerPT$48,025$48,025

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$218,273
Program Service Revenue
$0
Investment Income
$98
Other Revenue
$0
All Other Contributions
$218,273
Change in Net Assets
$36,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$123,855
Other Expenses$58,444
Total Fundraising Expense$10,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$70,237--$70,237
Current Officers, Directors, Trustees, and Key Employees$33,617$7,204$7,204$48,025
Fees for Services Other$21,865--$21,865
Travel$12,347--$12,347
Information Technology$5,345$1,336$3,210$9,891
Payroll Taxes$5,593--$5,593
Fees for Services Accounting-$5,015-$5,015
Fees for Services Legal-$2,000-$2,000
Other Expenses$976$972-$972
Insurance$530$435-$965
Total Functional Expenses$154,923$16,962$10,414$182,299
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$10,477
Payroll Taxes Payable$201
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
No
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 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.

Filing and Contact Details

Filer

Filer Name
Lacnets
EIN
20-0062062
Phone
3035890515
Address
1072 AVIATION BLVD, HERMOSA BEACH, CA 90254

Signing Officer

Name
Donna Gavin
Title
President
Phone
3035890515
Signed
2023-11-14
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
2
Volunteers
12

Preparer

Firm
Michael Berry CPA
Address
PO BOX 5045, CULVER CITY, CA 90231-5045
Preparer
Michael Berry
Phone
3108382204
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 provides ongoing patient education through its monthly patient education seminars and annual patient education conference in los angeles and virtually. During 2022, lacnets reached more than 100,000 people in the net community globally. The online views of our library consisting of more than 280 educational videos exceeded 60,000 in 2022 alone.

Form 990, Part IX, Line 11G

Audio visual: program service expenses 16,879. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,879. Program services: program service expenses 3,256. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,256. Health coaching: program service expenses 1,730. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,730.

Raw XML Appendix346 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 2022, LACNETS REACHED MORE THAN 100,000 PEOPLE. LACNETS EDUCATIONAL PROGRAMS INCLUDED OVER 35 DOCTORS, HEALTH CARE PROFESSIONALS, PATIENTS AND EXPERTS AS PRESENTERS OR PANELISTS. THE NEWLY ADDED PATIENT AND CAREGIVER SUPPORT GROUPS REACHED 120 PEOPLE. (CONT ON SCH O)IN 2022, 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 ITS SECOND VIRTUAL CONFERENCE IN JUNE 2022. 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 80 PATIENTS AND CAREGIVERS SINCE ITS INCEPTION. IN 2022, LACNETS RECEIVED OVER 60,000 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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IRS990ScheduleD/TotalLiabilityAmt010678
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 PROVIDES ONGOING PATIENT EDUCATION THROUGH ITS MONTHLY PATIENT EDUCATION SEMINARS AND ANNUAL PATIENT EDUCATION CONFERENCE IN LOS ANGELES AND VIRTUALLY. DURING 2022, LACNETS REACHED MORE THAN 100,000 PEOPLE IN THE NET COMMUNITY GLOBALLY. THE ONLINE VIEWS OF OUR LIBRARY CONSISTING OF MORE THAN 280 EDUCATIONAL VIDEOS EXCEEDED 60,000 IN 2022 ALONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI, QUESTION 8(B) WAS ANSWERED NO AS THERE WERE COMMITTEES THAT HAD THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/ExplanationTxt3KAVYA VELAGAPUDI'S COMPENSATION WAS BASED ON DATA FROM GUIDESTAR'S NON PROFIT COMPENSATION REPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOUCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDIO VISUAL: PROGRAM SERVICE EXPENSES 16,879. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,879. PROGRAM SERVICES: PROGRAM SERVICE EXPENSES 3,256. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,256. HEALTH COACHING: PROGRAM SERVICE EXPENSES 1,730. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,730.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0549677
IRS990/TotalAssetsEOYAmt0590407
IRS990/TotalAssetsGrp/BOYAmt0549677
IRS990/TotalAssetsGrp/EOYAmt0590407
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0218273
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010414
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016962
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0154923
IRS990/TotalFunctionalExpensesGrp/TotalAmt0182299
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07796
IRS990/TotalLiabilitiesEOYAmt010678
IRS990/TotalLiabilitiesGrp/BOYAmt07796
IRS990/TotalLiabilitiesGrp/EOYAmt010678
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0541881
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0579729
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0154923
IRS990/TotalReportableCompFromOrgAmt048025
IRS990/TotalRevenueGrp/ExclusionAmt098
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0218371
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0549677
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0590407
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012347
IRS990/TravelGrp/TotalAmt012347
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01072 AVIATION BLVD
IRS990/USAddress/CityNm0HERMOSA BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090254
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTP://WWW.LACNETS.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA GAVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03035890515
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LACNETS
ReturnHeader/Filer/BusinessNameControlTxt0LACN
ReturnHeader/Filer/EIN0200062062
ReturnHeader/Filer/PhoneNum03035890515
ReturnHeader/Filer/USAddress/AddressLine1Txt01072 AVIATION BLVD
ReturnHeader/Filer/USAddress/CityNm0HERMOSA BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090254
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL BERRY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 5045
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CULVER CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0902315045
ReturnHeader/PreparerPersonGrp/PhoneNum03108382204
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL BERRY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T14:54:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DONNA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GAVIN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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