Closed Loop Foundation
- Assets
- $306.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-2452889
Organization Overview
Closed Loop Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (C02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Closed Loop 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 12/2023, Closed Loop Foundation generated $151.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $150.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO FILL A CURRENT KNOWLEDGE GAP AROUND THE BUILT ENVIRONMENT AND CIRCULARITY WITHIN THE U.S., SHARING AN OVERVIEW OF FUNDAMENTAL CIRCULAR ECONOMY PRINCIPLES THAT CAN BE APPLIED TO THE BUILT ENVIRONMENT, ILLUSTRATED BY BEST PRACTICE CASE STUDIES ACROSS THE COUNTRY TO INSPIRE THE ACCELERATION OF CIRCULARITY IN THE U.S. AND THE SPREAD OF EQUITABLE ECONOMIC, SOCIAL AND ENVIRONMENTAL OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Gonen Executive Dir. | 1 | $0 | |
Kyle Westaway Director | 1 | $0 | |
Bridget Croke Secretary | 1 | $0 | |
Paul Macht Director | 1 | $0 | |
Erik Avni Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,788 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $151,788 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $150,769 |
| Total expenses | $150,769 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,324 |
| Other assets | $0 |
| Total assets | $306,324 |
| Total liabilities | $0 |
| Net assets or fund balances | $306,324 |
Grants Awarded
Over the last fiscal year, Closed Loop Foundation has awarded $377,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FULL CYCLE BIOPLASTICS | | | $50,000 |
BIOWORKS ENERGY | | | $50,000 |
GEORGIA TECH | | | $50,000 |
GONZAGA UNIVERSITY | | | $17,500 |
INDIANA RECYCLING COALITION | | | $50,000 |
NET IMPACT | | | $10,000 |