CANET FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CANET FOUNDATION (EIN 48-1272926)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-07
- IRS object ID
- 202303119349100125
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-07T07:55:30-08:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 954731716 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLOBAL TAX & ACCOUNTING INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 23822 VALENCIA BLVD STE 304 | AddressLine1Txt |
| City | VALENCIA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91355 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 481272926 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CANET FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | CO GLOBAL BUSINESS MANAGEMENT INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CANE | BusinessNameControlTxt |
| Phone | 8183853100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15260 VENTURA BLVD 1750 | AddressLine1Txt |
| City | SHERMAN OAKS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91403 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NICHOLAS TOROKVEI | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Signature | 2023-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NICHOLAS | PersonFirstNm |
| Person Last | TOROKVEI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID S GARELICK EA | PreparerPersonNm |
| PTIN | P00276219 | PTIN |
| Phone | 6612860044 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $13,284,776 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $20,069 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $20,069 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $20,069 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $227,012 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $227,012 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $227,012 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $70,551 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,424,887 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $70,551 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $70,551 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $64,759 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $64,759 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $64,759 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $382,391 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $382,391 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $382,391 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $79,163 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $79,163 | CompOfcrDirTrstAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $30,544 | LegalFeesRevAndExpnssAmt |
| Legal Fees Adj Net Incm | $30,544 | LegalFeesAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $2,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Adj Net Incm | $2,000 | AccountingFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $11,543 | TaxesRevAndExpnssAmt |
| Taxes Adj Net Incm | $11,543 | TaxesAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $3,332 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Adj Net Incm | $3,332 | TravConfMeetingAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $347,399 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $79,299 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $347,399 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $473,981 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $79,299 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $473,981 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $310,200 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $310,200 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $784,181 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $79,299 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $473,981 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $310,200 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$401,790 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $303,092 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $74,146 | CashBOYAmt |
| Cash EOY | $25,618 | CashEOYAmt |
| Cash EOYFMV | $25,618 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $161,342 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $137,440 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $137,440 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $689,145 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $674,722 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $566,357 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,014,816 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,937,464 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,928,796 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $763,591 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $721,283 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $680,327 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $4,700,722 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $4,463,644 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $4,700,722 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $4,654,722 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $2,930,630 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,537,699 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,289,516 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $2,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $13,099,314 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,736,948 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $13,284,776 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $43,195 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $43,195 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $13,099,314 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $12,693,753 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $13,099,314 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $12,693,753 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,099,314 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $12,736,948 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,099,314 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$401,790 | ExcessRevenueOverExpensesAmt |
| Subtotal | $12,697,524 | SubtotalAmt |
| Other Decreases | $3,771 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $12,693,753 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| CHARLES SCHWAB- ST | P | $162,636 | $173,322 | -$10,686 | -$10,686 |
| CHARLES SCHWAB- LT | P | $650,555 | $576,259 | $74,296 | $74,296 |
| RIM SECURITIES- ST | P | $120,644 | $117,361 | $3,283 | $3,283 |
| RIM SECURITIES- LT | P | $491,052 | $487,394 | $3,658 | $3,658 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $70,551 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $70,551 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,213 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,213 | SubtotalAmt |
| Tax Based On Investment Income | $4,213 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $3,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $110 | EsPenaltyAmt |
| Tax Due | $1,323 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLOBAL BUSINESS MANAGEMENT INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8183853100 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15260 VENTURA BLVD 1750 | AddressLine1Txt |
| City | SHERMAN OAKS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NICHOLAS TOROKVEI | ||||||||||||
| 4129 KNOBHILL DR | SHERMAN OAKS | CA | 91403 | Director | 30.00 | $57,200 | $21,963 | |||||
| DAVID GARELICK | ||||||||||||
| 15260 VENTURA BLVD SUITE 1750 | SHERMAN OAKS | CA | 91403 | Secretary | 5.00 | $0 | ||||||
| BRANT VAN HOFFMAN | ||||||||||||
| 784 ESTES PARK COURT | ST PETERS | MO | 63376 | BOARD MEMBER | 1.00 | $0 | ||||||
| JOHN L HART | ||||||||||||
| Director | 5.00 | $0 | 7090 EAST SOOKE RD | SOOKE | BC | CA | V9Z 1A8 | |||||
| JOHN BROOKS | ||||||||||||
| 23822 VALENCIA BLVD SUITE 304 | VALENCIA | CA | 91355 | BOARD MEMBER | 1.00 | $0 | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CNR SECURITIES | |||||
| 400 PARK AVENUE | NEW YORK | NY | 10022 | INVESTMENT ADVISORY | $50,082 |
| CHARLES SCHWAB & CO INC | |||||
| 3000 SCHWAB WAY | WESTLAKE | TX | 76262 | INVESTMENT ADVISORY | $29,084 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Based On Investment Income | $4,213 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,213 | TotalTaxAmt |
| Distributable Before Adj | $4,213 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,213 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $310,200 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $310,200 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $163,875 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $209,500 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $320,000 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $322,500 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $340,000 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,355,875 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $310,200 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $310,200 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,666,075 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $163,875 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,502,200 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $209,500 | ExcessFromYear4Amt |
| Excess From Year3 | $320,000 | ExcessFromYear3Amt |
| Excess From Year2 | $322,500 | ExcessFromYear2Amt |
| Excess From Year1 | $340,000 | ExcessFromYear1Amt |
| Excess From Current Year | $310,200 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE CANET FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15260 VENTURA BLVD SUITE 1750 | AddressLine1Txt |
| City | SHERMAN OAKS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8183853100 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS IN WRITING, WITH FORMAL APPLICATION AND SUPPORTING DOCUMENTS | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | QUARTERLY | SubmissionDeadlinesTxt |
| Restrictions On Awards | YES, AS SET FORTH IN THE BYLAWS OF THE FOUNDATION | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TEMPLE BETH SHOLOM | ||||||||||||
| 28790 YNEZ COURT SUITE B | TEMECULA | CA | 92591 | NONE | PC | EDUCATIONAL PROGRAMS | $10,000 | |||||
| INNER-CITY ARTS | ||||||||||||
| 720 KOHLER STREET | LOS ANGELES | CA | 90021 | NONE | PC | EDUCATIONAL PROGRAMS | $35,000 | |||||
| A PLACE CALLED HOME | ||||||||||||
| 2830 S CENTRAL AVE | LOS ANGELES | CA | 90011 | NONE | PC | EDUCATIONAL PROGRAMS | $40,000 | |||||
| THE BOYS GIRLS CLUB | ||||||||||||
| 2635 Pasadena Ave | LOS ANGELES | CA | 90031 | NONE | PC | EDUCATIONAL PROGRAMS | $10,000 | |||||
| SANTA FE ART INSTITUTE | ||||||||||||
| PO BOX 24044 | SANTA FE | NM | 87502 | NONE | PC | EDUCATIONAL PROGRAMS | $20,000 | |||||
| SCV SENIOR CENTER | ||||||||||||
| 27180 Golden Valley Rd | SANTA CLARITA | CA | 91350 | NONE | PC | CHARITABLE PURPOSE | $5,000 | |||||
| KIDS IN THE SPOTLIGHT | ||||||||||||
| 145 S Glenoaks Blvd | BURBANK | CA | 91502 | NONE | PC | CHARITABLE PURPOSE | $20,000 | |||||
| STRIVE | ||||||||||||
| 9124 S MAIN ST | LOS ANGELES | CA | 90003 | NONE | PC | EDUCATIONAL PROGRAMS | $41,000 | |||||
| GET LIT | ||||||||||||
| 672 LA FAYETTE PARK PL 10 | LOS ANGELES | CA | 90057 | NONE | PC | EDUCATIONAL PROGRAMS | $20,000 | |||||
| OPERATION PROGRESS STUDENT ASSISTAN | ||||||||||||
| 10221 COMPTON AVE 102 | LOS ANGELES | CA | 90002 | NONE | PC | EDUCATIONAL PROGRAMS | $15,000 | |||||
| UNIVERSITY OF VICTORIA | ||||||||||||
| NONE | PC | CHARITABLE PURPOSE | $70,000 | PO BOX 1700 STN CSC | VICTORIA | BC | CA | V8W 2YH2 | ||||
| Shanyce Costain | ||||||||||||
| NONE | CHARITABLE PURPOSE | $5,000 | PO BOX 1700 STN CSC | VICTORIA | BC | CA | V8W 2YH2 | |||||
| Saturday Night Bath Concert Fund | ||||||||||||
| 4558 West 153rd Place | Lawndale | CA | 90260 | NONE | PC | CHARITABLE PURPOSE | $7,500 | |||||
| YMCA | ||||||||||||
| 26147 McBean Pkwy | Valencia | CA | 91355 | NONE | PC | CHARITABLE PURPOSE | $5,000 | |||||
| SOOKE BOXING CLUB | ||||||||||||
| NONE | PC | CHARITABLE PURPOSE | $1,700 | 6621 Sooke Rd | Sooke | BC | CA | V9Z 0A7 | ||||
| JUJU FOUNDATION | ||||||||||||
| 8930 West Sunset Road Suite 240 | Las Vegas | NV | 89148 | NONE | PC | CHARITABLE PURPOSE | $5,000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $310,200 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $20,069 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $227,012 | RelatedOrExemptFunctionIncmAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $64,759 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $70,551 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $382,391 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $382,391 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GLOBAL TAX & ACCOUNTING, INC. | CategoryTxt |
| Amt | $2,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,000 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CITY NATIONAL ROCHDALE - CORPORATE BONDS | $403,990 | $388,923 |
| CHARLES SCHWAB - OSTERWISE STRATEGIC INC | $317,293 | $291,404 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CITY NATIONAL ROCHDALE - COMMON STOCK | $1,346,701 | $1,941,472 |
| CHARLES SCHWAB - DFA EMERGING MKTS | $180,634 | $171,180 |
| CHARLES SCHWAB - DFA INTL SMALL | $284,944 | $290,852 |
| CHARLES SCHWAB - DFA INTL VALUE | $606,948 | $624,522 |
| CHARLES SCHWAB - DFA US CORE EQUITY | $578,181 | $829,194 |
| CHARLES SCHWAB - DFA US SMALL | $383,408 | $437,077 |
| CHARLES SCHWAB - DFA US LARGE CAP VALUE | $556,648 | $634,499 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $674,722 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $566,357 | USGovtObligationsEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Auto./Transportation Equip. | $46,000 | $46,000 | |
| Buildings | $449,047 | $449,047 | $449,047 |
| Improvements | $265,212 | $265,212 | $265,212 |
| Land | $3,940,463 | $3,940,463 | $3,940,463 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (8 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CITY NATIONAL ROCHDALE - ALTERNATIVE INV | AT COST | $115,800 | $95,315 |
| CITY NATIONAL ROCHDALE - EXCHANGE TRADED | AT COST | $280,773 | $240,896 |
| CITY NATIONAL ROCHDALE - MUTUAL FUNDS | AT COST | $545,742 | $419,428 |
| CITY NATIONAL ROCHDALE - REIT'S | AT COST | $79,519 | $90,826 |
| CHARLES SCHWAB - DFA REAL ESTATE | AT COST | $209,477 | $253,372 |
| CHARLES SCHWAB - DFA ONE YEAR FIXED | AT COST | ||
| CHARLES SCHWAB - DFA FIVE-YEAR GLOBAL FI | AT COST | $1,022,886 | $926,447 |
| CHARLES SCHWAB - DFA SHORT-TERM EXTENDED | AT COST | $283,502 | $263,232 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MURRELL LAW CORPORATION | $544 | $0 | $544 | $0 |
| ROSENSTEIN & ASSOCIATES | $30,000 | $0 | $30,000 | $0 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS | Desc |
| BOY Book Value | $2,000 | BOYBookValueAmt |
| EOY Book Value | $2,000 | EOYBookValueAmt |
| EOYFMV | $2,000 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT TO COST BASIS OF ASSETS | Desc |
| Amt | $3,771 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ACCOUNT FEES & CHARGES | $133 | $133 | $133 |
| BANK CHARGES | $1,172 | $1,172 | |
| BOARD MEMBER FEES | $45,000 | $45,000 | |
| BUSINESS MANAGEMENT | $24,000 | $24,000 | |
| CONSULTING FEES | $47,300 | $47,300 | |
| DUES | $364 | $364 | |
| INSURANCE | $27,201 | $27,201 | |
| INTEREST | $583 | $583 | |
| INVESTMENT ADVISORY FEES | $79,166 | $79,166 | $79,166 |
| PAYROLL SERVICE | $952 | $952 | |
| RENT | $24,000 | $24,000 | |
| SOOKE FARM EXPENSES | $97,291 | $97,291 | |
| TAXES - FOREIGN | $237 | $237 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $64,759 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $64,759 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $64,759 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOFA TOYOTA TUNDRA LOAN | Desc |
| EOY Book Value | $43,195 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| PAYROLL TAXES | $4,586 | $4,586 |
| TAXES & LICENSES | $20 | $20 |
| TAXES- FEDERAL | $6,937 | $6,937 |
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