Civic Intelligence

Looptfoundation

990 • Fiscal year 2020 • EIN 82-3282985

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 05, 2021

Organization Profile
2410 NE 11th StPortland, OR 97214

(503) 972-0168

Siviq Scores

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

Liabilities / Assets

99th percentile

27.81x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

8.52x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

17%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

90th percentile

122%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$2,112

Up $1,161 (+122%) from 2019

Net Assets

Up

-$56,613

Up $1,161 (+2.0%) from 2019

Liabilities

Flat

$58,725

Flat from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin66th percentile

Revenue

Up

$6,891

Up $6,891 from 2019

Expenses

Up

$5,730

Up $4,880 (+574%) from 2019

Net Income

Up

$1,161

Up $2,011 (+237%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$100K$50K$0-$50K-$100KAssets 2018: $3,176Liabilities 2018: $60,100Net Assets 2018: -$56,9242018Assets 2019: $951Liabilities 2019: $58,725Net Assets 2019: -$57,7742019Assets 2020: $2,112Liabilities 2020: $58,725Net Assets 2020: -$56,6132020Assets 2021: $56,493Liabilities 2021: $63,543Net Assets 2021: -$7,0502021Assets 2022: $4,116Liabilities 2022: -$768Net Assets 2022: $4,8842022Assets 2023: $16,567Liabilities 2023: $1,391Net Assets 2023: $15,1762023

Highlighted filing

2020

Assets$2,112
Liabilities$58,725
Net Assets-$56,613
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2018: $200,000Expenses 2018: $256,924Net Income 2018: -$56,9242018Revenue 2019: $0Expenses 2019: $850Net Income 2019: -$8502019Revenue 2020: $6,891Expenses 2020: $5,730Net Income 2020: $1,1612020Revenue 2021: $16,408,583Expenses 2021: $16,359,020Net Income 2021: $49,5632021Revenue 2022: $121,398Expenses 2022: $109,464Net Income 2022: $11,9342022Revenue 2023: $78,031Expenses 2023: $67,739Net Income 2023: $10,2922023

Highlighted filing

2020

Revenue$6,891
Expenses$5,730
Net Income$1,161
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 5, 2021
Return Version
2020v4.0
Gross Receipts
$6,891
Mission and Program Overview

Mission

Provide research, education and innovative solutions for the repurposing of materials and creation of new processes in order to keep high quality materials out of the waste stream.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$951$2,112▲ $1,161
Total Assets$951$2,112▲ $1,161
Liabilities
Accounts Payable and Accrued Expenses$58,725$58,725→ $0
Total Liabilities$58,725$58,725→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-57,774$-56,613▲ $1,161
Total Net Assets Fund Balance$-57,774$-56,613▲ $1,161
Total Liabilities and Net Assets / Fund Balance$951$2,112▲ $1,161
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Scott HamlinExecutive Di
Bill WerlinSecretary
Catherine HebertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,891
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,891
Change in Net Assets
$1,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,730
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$650--$650
Other Expenses$50--$50
Total Functional Expenses$5,730$0$0$5,730
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“990 return reviewed by the executive director before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“Each board member must document any conflicts of interest as well as sign the looptfoundation conflicts of interest policy.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Looptfoundation
EIN
82-3282985
Phone
5039720168
Address
2410 NE 11TH ST, PORTLAND, OR 97214

Signing Officer

Name
Bill Werlin
Title
Secretary
Phone
5039720168
Signed
2021-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Hamlin
Formed
2018
Legal Domicile
Or
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Mgn Tax & Advisory Group LLC
Address
16869 SW 65TH AVE 313, LAKE OSWEGO, OR 97035
Preparer
Michael G Nicks
Phone
5033291824
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 RETURN REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER MUST DOCUMENT ANY CONFLICTS OF INTEREST AS WELL AS SIGN THE LOOPTFOUNDATION CONFLICTS OF INTEREST POLICY.
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,112
Liabilities
$58,725
Net assets
-$56,613
Revenue
$6,891
Expenses
$5,730
Net income
$1,161
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.08$0.07$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.12$0.11$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.06$0.06$0.01$16.4$16.4$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.06$0.06$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.06$0.06$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.06$0.06$0.20$0.26$0.06