Civic Intelligence

The Canet Foundation

EIN 48-1272926 • Sherman Oaks, CA

15260 Ventura Blvd 1750Sherman Oaks, CA 91403
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Net Margin

22nd percentile

-7.9%

Higher net margin than 22% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$145,480

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

$10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

-0.6%

Faster asset growth than 30% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

18%

Faster revenue growth than 64% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$12,529,050

Down $80,972 (-0.6%) from 2023

Liabilities

Down

$24,419

Down $8,709 (-26%) from 2023

Net Assets

Down

$12,504,631

Down $72,263 (-0.6%) from 2023

Operations
Liabilities / Revenue30th percentileNet Margin22nd percentile

Revenue

Up

$858,461

Up $132,525 (+18%) from 2023

Expenses

Up

$926,384

Up $87,955 (+10%) from 2023

Net Income

Up

-$67,923

Up $44,570 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $289Liabilities 2010: $0Net Assets 2010: $2892010Assets 2011: $1,924Liabilities 2011: $12011Assets 2012: $594Liabilities 2012: $0Net Assets 2012: $5942012Assets 2013: $779Liabilities 2013: $0Net Assets 2013: $7792013Assets 2014: $183,222Liabilities 2014: $0Net Assets 2014: $183,2222014Assets 2015: $247,064Liabilities 2015: $0Net Assets 2015: $247,0642015Assets 2016: $13,253,232Liabilities 2016: $0Net Assets 2016: $13,253,2322016Assets 2017: $13,863,260Liabilities 2017: $0Net Assets 2017: $13,863,2602017Assets 2018: $13,741,117Liabilities 2018: $0Net Assets 2018: $13,741,1172018Assets 2019: $13,416,757Liabilities 2019: $0Net Assets 2019: $13,416,7572019Assets 2020: $13,042,341Liabilities 2020: $0Net Assets 2020: $13,042,3412020Assets 2021: $13,099,314Liabilities 2021: $0Net Assets 2021: $13,099,3142021Assets 2022: $12,736,948Liabilities 2022: $43,195Net Assets 2022: $12,693,7532022Assets 2023: $12,610,022Liabilities 2023: $33,128Net Assets 2023: $12,576,8942023Assets 2024: $12,529,050Liabilities 2024: $24,419Net Assets 2024: $12,504,6312024

Highlighted filing

2024

Assets$12,529,050
Liabilities$24,419
Net Assets$12,504,631
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $26,8002010Revenue 2011: $10,000Expenses 2011: $8,365Net Income 2011: $1,6352011Expenses 2012: $8,3302012Revenue 2013: $7,000Expenses 2013: $6,815Net Income 2013: $1852013Revenue 2014: $185,500Expenses 2014: $3,057Net Income 2014: $182,4432014Revenue 2015: $150,000Expenses 2015: $86,158Net Income 2015: $63,8422015Revenue 2016: $13,518,176Expenses 2016: $512,008Net Income 2016: $13,006,1682016Revenue 2017: $1,456,431Expenses 2017: $846,403Net Income 2017: $610,0282017Revenue 2018: $560,038Expenses 2018: $635,007Net Income 2018: -$74,9692018Revenue 2019: $402,415Expenses 2019: $717,144Net Income 2019: -$314,7292019Revenue 2020: $544,382Expenses 2020: $748,628Net Income 2020: -$204,2462020Revenue 2021: $949,054Expenses 2021: $839,218Net Income 2021: $109,8362021Revenue 2022: $382,391Expenses 2022: $784,181Net Income 2022: -$401,7902022Revenue 2023: $725,936Expenses 2023: $838,429Net Income 2023: -$112,4932023Revenue 2024: $858,461Expenses 2024: $926,384Net Income 2024: -$67,9232024

Highlighted filing

2024

Revenue$858,461
Expenses$926,384
Net Income-$67,923
Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,529,050
Liabilities
$24,419
Net assets
$12,504,631
Revenue
$858,461
Expenses
$926,384
Net income
-$67,923
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.5$0.02$12.5$0.86$0.93$0.07
2023Detailed filing. Detailed filing data is available for this year.$12.6$0.03$12.6$0.73$0.84$0.11
2022Detailed filing. Detailed filing data is available for this year.$12.7$0.04$12.7$0.38$0.78$0.40
2021Detailed filing. Detailed filing data is available for this year.$13.1$0.00$13.1$0.95$0.84$0.11
2020Detailed filing. Detailed filing data is available for this year.$13.0$0.00$13.0$0.54$0.75$0.20
2019Detailed filing. Detailed filing data is available for this year.$13.4$0.00$13.4$0.40$0.72$0.31
2018Detailed filing. Detailed filing data is available for this year.$13.7$0.00$13.7$0.56$0.64$0.07
2017Detailed filing. Detailed filing data is available for this year.$13.9$0.00$13.9$1.46$0.85$0.61
2016Detailed filing. Detailed filing data is available for this year.$13.3$0.00$13.3$13.5$0.51$13.0
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.15$0.09$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.19$0.00$0.18
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.00
2012Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.01$0.00
2010Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICHOLAS TOROKVEIDirectorPT$120,333$25,147$145,480
DAVID GARELICKSecretary-$12,000-$12,000
JOHN L HARTDirector-$12,000-$12,000
JOHN BROOKSBoard Member-$6,000-$6,000
BRANT VAN HOFFMANBoard Member-$3,000-$3,000
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid Grant-EDUCATIONAL PROGRAMSPCLOS ANGELES, CA, US$51,000
Paid Grant-EDUCATIONAL PROGRAMSPCLOS ANGELES, CA, US$50,000
Paid Grant-EDUCATIONAL PROGRAMSPCLOS ANGELES, CA, US$35,000
Paid Grant-CHARITABLE PURPOSEPCBURBANK, CA, US$30,000
Paid Grant-EDUCATIONAL PROGRAMSPCTEMECULA, CA, US$25,000
Paid Grant-CHARITABLE PURPOSEPCVICTORIA, BC, CA$25,000
Paid Grant-CHARITABLE PURPOSE-Hartsdale, NY, US$25,000
Paid Grant-CHARITABLE PURPOSE-Woodland, CA, US$25,000
Paid Grant-EDUCATIONAL PROGRAMSPCSANTA FE, NM, US$20,000
Paid Grant-EDUCATIONAL PROGRAMSPCLOS ANGELES, CA, US$15,000
Paid Grant-CHARITABLE PURPOSE-Encino, CA, US$13,020
Paid Grant-CHARITABLE PURPOSEPCSANTA CLARITA, CA, US$10,000
Paid Grant-CHARITABLE PURPOSEPCSooke, BC, CA$10,000
Paid Grant-CHARITABLE PURPOSE-Los Angeles, CA, US$10,000
Paid Grant-CHARITABLE PURPOSE-Missoula, MT, US$10,000
Paid Grant-CHARITABLE PURPOSE-Temecula, CA, US$10,000
Paid Grant-EDUCATIONAL PROGRAMSPCLOS ANGELES, CA, US$5,000
Paid Grant-CHARITABLE PURPOSE-VICTORIA, BC, CA$5,000
Paid Grant-CHARITABLE PURPOSEPCValencia, CA, US$5,000
Paid Grant-CHARITABLE PURPOSEPCLas Vegas, NV, US$5,000
Paid Grant-CHARITABLE PURPOSE-Burbank, CA, US$5,000
Filing and Contact Details

Filer

Filer Name
The Canet Foundation
EIN
48-1272926
Phone
8183853100
Address
15260 VENTURA BLVD 1750, SHERMAN OAKS, CA 91403

Signing Officer

Name
Nicholas Torokvei
Title
CEO
Signed
2025-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Global Tax & Accounting Inc
Address
23822 Valencia Blvd Ste 304, VALENCIA, CA 91355
Preparer
David S Garelick Ea
Phone
6612860044
Raw XML AppendixShowing 400 of 643 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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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt08980
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExtsnRequestIncomeTaxPaidAmt03000
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/OverpaymentAmt093
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtotalAmt011648
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt011648
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt011980
IRS990PF/FMVAssetsEOYAmt08270686
IRS990PF/Form990PFBalanceSheetsGrp/CashBOYAmt041026
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYAmt0110559
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYFMVAmt0110559
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsBOYAmt0665188
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYAmt0764041
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYFMVAmt0760505
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockBOYAmt03051270
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYAmt02627886
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYFMVAmt03635429
IRS990PF/Form990PFBalanceSheetsGrp/InvstLandCostOrOtherBasisAmt05182101
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgInvestmentsBOYAmt05182101
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IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt012504631
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/BusinessName/BusinessNameLine1Txt0CNR SECURITIES
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/BusinessName/BusinessNameLine1Txt1CHARLES SCHWAB & CO INC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/CompensationAmt057349
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/CompensationAmt122708
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/ServiceTypeTxt1INVESTMENT ADVISORY
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt0120333
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2BRANT VAN HOFFMAN
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3Director
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt4BOARD MEMBER
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt2784 ESTES PARK COURT
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt323822 VALENCIA BLVD SUITE 304
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm2ST PETERS
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd3CA
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd091403
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IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0GLOBAL BUSINESS MANAGEMENT INC
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IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0APPLICATIONS IN WRITING, WITH FORMAL APPLICATION AND SUPPORTING DOCUMENTS
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0THE CANET FOUNDATION
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum08183853100
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd091403
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0YES, AS SET FORTH IN THE BYLAWS OF THE FOUNDATION
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0EDUCATIONAL PROGRAMS
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt9CHARITABLE PURPOSE
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt20CHARITABLE PURPOSE
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt1PO BOX 1700 STN CSC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt26621 Sooke Rd
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/CityNm0VICTORIA
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2PC

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