Canet Foundation
- Assets
- $13.1m
- Revenue
- $949.1k
- Investments
- $8.4m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 48-1272926
Organization Overview
Canet Foundation is located in Sherman Oaks, CA. The organization was established in 2003. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canet Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Canet Foundation generated $949.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $839.2k during the year ending 12/2021. While expenses have increased by 38.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Canet Foundation has awarded 63 individual grants totaling $1,422,875. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Torokvei Director | 30 | $52,000 | |
John Brooks Board Member | 1 | $0 | |
Brant Van Hoffman Board Member | 1 | $0 | |
David Garelick Secretary | 5 | $0 | |
John L Hart Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Schwab & Co Inc | 12/30/21 | $30,997 |
City National Rochdale | 12/30/21 | $117,854 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,895 |
| Interest on Savings | $24,717 |
| Dividends & Interest | $262,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $556,566 |
| Capital Gain Net Income | $556,566 |
| Net ST Capital Gain | $557,129 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,965 |
| Total Revenue | $949,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,259 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $389,788 |
| Total operating and administrative expenses | $499,218 |
| Contributions, gifts, grants paid | $340,000 |
| Total expenses and disbursements | $839,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,146 |
| Savings and temporary cash investments | $161,342 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $4,463,644 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,930,630 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,000 |
| Total assets | $13,099,314 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Canet Foundation has awarded $340,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: EDUCATIONAL PROGRAMS | $80,000 |
Los Angeles, CA PURPOSE: EDUCATIONAL PROGRAMS | $60,000 |
UNIVERSITY OF VICTORIA PURPOSE: CHARITABLE PURPOSE | $55,000 |
Los Angeles, CA PURPOSE: EDUCATIONAL PROGRAMS | $35,000 |
STRIVE PURPOSE: EDUCATIONAL PROGRAMS | $20,000 |
Santa Fe, NM PURPOSE: EDUCATIONAL PROGRAMS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pta California Congress Of Parents Teachers & Students Inc Sacramento, CA | $9,082,198 | $3,438,208 |
Barrio Logan College Institute San Diego, CA | $2,959,151 | $2,373,413 |
Investigative Newsource San Diego, CA | $1,931,219 | $2,112,295 |
Challenge Day Oakley, CA | $817,462 | $746,583 |
Tam High Foundation Mill Valley, CA | $2,235,843 | $891,115 |
Portola Valley Schools Foundation Portola Valley, CA | $6,920,086 | $1,100,055 |
Claremont Parent-Faculty Claremont, CA | $1,059,444 | $1,226,763 |
Friends Of Willow Tree Bonsall, CA | $532,002 | $953,888 |
P R I D E Booster Club Inc Paul Revere Middle School Los Angeles, CA | $1,237,420 | $592,629 |
Canet Foundation Sherman Oaks, CA | $13,099,314 | $949,054 |
The Womens Faculty Club Of The University Of California Inc Berkeley, CA | $1,685,423 | $392,622 |
Parents Educators-Teachers & Students In Action Granada Hills, CA | $9,855 | $727,154 |