Civic Intelligence

The Canet Foundation Co Global Business Management Inc

990PF • Fiscal year 2023 • EIN 48-1272926

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

15260 Ventura Blvd 1750Sherman Oaks, CA 91403

(818) 385-3100

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2023 filings • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

31st percentile

0.05x

Higher debt load relative to revenue than 31% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Net Margin

21st percentile

-15%

Higher net margin than 21% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

34th percentile

$91,453

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2023 filings • $10M-$25M nonprofits • Source year 2023

Asset Growth

30th percentile

-1.0%

Faster asset growth than 30% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

90%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$12,610,022

Down $126,926 (-1.0%) from 2022

Net Assets

Down

$12,576,894

Down $116,859 (-0.9%) from 2022

Liabilities

Down

$33,128

Down $10,067 (-23%) from 2022

Revenue

Up

$725,936

Up $343,545 (+90%) from 2022

Expenses

Up

$838,429

Up $54,248 (+6.9%) from 2022

Net Income

Up

-$112,493

Up $289,297 (+72%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$12,610,022
Liabilities$33,128
Net Assets$12,576,894

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$725,936
Expenses$838,429
Net Income-$112,493
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICHOLAS TOROKVEIDirectorPT$64,433$27,020$91,453
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
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
2024-11-14
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 630 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/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt185000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt0PO BOX 1700 STN CSC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt1PO BOX 1700 STN CSC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt26621 Sooke Rd
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt31939 Sooke Rd
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/CityNm0VICTORIA
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/CityNm3Victoria
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/CountryCd0CA
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/CountryCd3CA
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/ForeignPostalCd3V9B 1W2
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/ProvinceOrStateNm2BC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/ProvinceOrStateNm3BC
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt3PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt4PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt5PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt6PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt7PC

Document Assets

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Filings

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