Civic Intelligence

Closed Loop Foundation Inc

990EZ • Fiscal year 2023 • EIN 47-2452889

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

Organization ProfileN/A
888 Seventh Avenue 10 FloorNew York, NY 10106

(917) 822-6476

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

37th percentile

0.7%

Higher net margin than 37% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Asset Growth

15th percentile

-33%

Faster asset growth than 15% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-62%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$306,324

Down $148,981 (-33%) from 2022

Net Assets

Up

$306,324

Up $1,019 (+0.3%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin37th percentile

Revenue

Down

$151,788

Down $248,212 (-62%) from 2022

Expenses

Down

$150,769

Down $250,132 (-62%) from 2022

Net Income

Up

$1,019

Up $1,920 (+213%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2016: $470,817Liabilities 2016: $5,000Net Assets 2016: $465,8172016Assets 2017: $303,152Liabilities 2017: $185,925Net Assets 2017: $117,2272017Assets 2018: $140,644Liabilities 2018: $9,593Net Assets 2018: $131,0512018Assets 2019: $342,491Liabilities 2019: $20,000Net Assets 2019: $322,4912019Assets 2020: $318,302Liabilities 2020: $0Net Assets 2020: $318,3022020Assets 2021: $456,206Liabilities 2021: $150,000Net Assets 2021: $306,2062021Assets 2022: $455,305Liabilities 2022: $150,000Net Assets 2022: $305,3052022Assets 2023: $306,324Net Assets 2023: $306,3242023Assets 2024: $300,959Net Assets 2024: $300,9592024

Highlighted filing

2023

Assets$306,324
Liabilities-
Net Assets$306,324
Open 2023 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $285,000Expenses 2016: $531,652Net Income 2016: -$246,6522016Revenue 2017: $385,000Expenses 2017: $733,590Net Income 2017: -$348,5902017Revenue 2018: $200,000Expenses 2018: $186,176Net Income 2018: $13,8242018Revenue 2019: $350,000Expenses 2019: $158,560Net Income 2019: $191,4402019Revenue 2020: $752,500Expenses 2020: $756,689Net Income 2020: -$4,1892020Revenue 2021: $150,000Expenses 2021: $162,096Net Income 2021: -$12,0962021Revenue 2022: $400,000Expenses 2022: $400,901Net Income 2022: -$9012022Revenue 2023: $151,788Expenses 2023: $150,769Net Income 2023: $1,0192023Revenue 2024: $103,063Expenses 2024: $108,428Net Income 2024: -$5,3652024

Highlighted filing

2023

Revenue$151,788
Expenses$150,769
Net Income$1,019
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$151,788
Mission and Program Overview

Mission

Closed loop foundation supports research and development of technologies and business models focused on building the circular economy.

Program Services

DescriptionGrantsExpenses
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.-$150,000
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RON GONENExecutive Director-$0--
KYLE WESTAWAYDirector-$0--
BRIDGET CROKESecretary-$0--
PAUL MACHTDirector-$0--
ERIK AVNITreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Closed Loop Foundation Inc
EIN
47-2452889
Phone
9178226476
Address
888 SEVENTH AVENUE 10 FLOOR, NEW YORK, NY 10106

Signing Officer

Name
Ron Gonen
Title
Director
Signed
2024-11-08
Supplemental Narrative

Additional Explanations

Other Expenses.1012

“Insurance $429”

Other Expenses.1

“CONSULTANTS $150000”

Other Expenses.2

“FILING FEES $325”

Other Expenses.3

“BANK FEES $15”

Total Liabilities.1002

“Grants Payable - Beginning $150000 Grants Payable - Ending $0”

Raw XML Appendix145 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0150769
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CLOSED LOOP FOUNDATION SUPPORTS RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND BUSINESS MODELS FOCUSED ON BUILDING THE CIRCULAR ECONOMY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0150000
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0150000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0150769
IRS990EZ/TotalProgramServiceExpensesAmt0150000
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0150000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0400001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0150000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0752500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0350000
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $429
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONSULTANTS $150000
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1002
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RON GONEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
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ReturnHeader/Filer/BusinessNameControlTxt0CLOS
ReturnHeader/Filer/EIN0472452889
ReturnHeader/Filer/PhoneNum09178226476
ReturnHeader/Filer/USAddress/AddressLine1Txt0888 SEVENTH AVENUE 10 FLOOR
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010106
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-11-08T11:38:05-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$306,324
Liabilities
-
Net assets
$306,324
Revenue
$151,788
Expenses
$150,769
Net income
$1,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.01$3.01$1.03$1.08$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.06$3.06$1.52$1.51$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.55$1.50$3.05$4.00$4.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.56$1.50$3.06$1.50$1.62$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$7.53$7.57$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.42$0.20$3.22$3.50$1.59$1.91
2018Detailed filing. Detailed filing data is available for this year.$1.41$0.10$1.31$2.00$1.86$0.14
2017Detailed filing. Detailed filing data is available for this year.$3.03$1.86$1.17$3.85$7.34$3.49
2016Detailed filing. Detailed filing data is available for this year.$4.71$0.05$4.66$2.85$5.32$2.47