Lacnets
- Assets
- $590.4k
- Revenue
- $218.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Hermosa Beach, CA
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 20-0062062
Organization Overview
Lacnets is located in Hermosa Beach, CA. The organization was established in 2009. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Lacnets employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacnets 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 12/2022, Lacnets generated $218.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $182.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIATED 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Gavin Director, President | OfficerTrustee | 8 | $0 |
Mary Donlevy Director, Secretary | Trustee | 5 | $0 |
Kavya Velagapudi Director, Executive Director, Treasurer | OfficerTrustee | 25 | $48,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,273 |
| Total Program Service Revenue | $0 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,025 |
| Compensation of current officers, directors, key employees. | $7,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $5,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,865 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $9,891 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $965 |
| All other expenses | $0 |
| Total functional expenses | $182,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,897 |
| Savings and temporary cash investments | $514,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $590,407 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,678 |
| Total liabilities | $10,678 |
| Net assets without donor restrictions | $579,729 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $590,407 |