18loop Inc
- Assets
- $913.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rutherford, NJ
- Founding
- 04/2019
- Data as of
- 12/2019
- EIN
- 82-1498855
Organization Overview
18loop Inc is located in Rutherford, NJ. The organization was established in 2019. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 18loop Inc 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 12/2019, 18loop Inc generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $8.0k during the year ending 12/2019. 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
2019
Describe the Organization's Program Activity:
Part 3
18LOOP HAS BEEN RECOGNIZED BY THE PRESS FOR ITS PROGRAM DESIGN. WE ARE UP FOR A FUTUREHEALTH AWARD. WE HAVE BEENIMPACTED BY COVID-19. THE VIRUS HAS PREVENTED US FROM LAUNCHING A PILOT IN HOSPITALS THIS SPRING. WE WILL RESUME WHENWE ARE ABLE. WE ARE ENTIRELY SELF FUNDED AS OF 2020 AND HAVE NOT RECEIVED ANY OUTSIDE DONATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Tarnacki Executive Director | 20 | $0 | |
Russ Soper Board Director | 1 | $0 | |
Patrick Nguyen Board Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,783 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,783 |
| 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 | $5,325 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,691 |
| Total expenses | $8,016 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $913 |
| Other assets | $0 |
| Total assets | $913 |
| Total liabilities | $0 |
| Net assets or fund balances | $913 |
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