Civic Intelligence

Looptfoundation

990 • Fiscal year 2021 • EIN 82-3282985

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization Profile
2410 NE 11th StreetPortland, OR 97214

(503) 972-0168

Siviq Scores

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

Liabilities / Assets

96th percentile

1.12x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

23rd percentile

0.3%

Higher net margin than 23% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

15th percentile

$27,500

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

100th percentile

2575%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

238016%

Faster revenue growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$56,493

Up $54,381 (+2575%) from 2020

Net Assets

Up

-$7,050

Up $49,563 (+88%) from 2020

Liabilities

Up

$63,543

Up $4,818 (+8.2%) from 2020

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin23rd percentile

Revenue

Up

$16,408,583

Up $16,401,692 (+238016%) from 2020

Expenses

Up

$16,359,020

Up $16,353,290 (+285398%) from 2020

Net Income

Up

$49,563

Up $48,402 (+4169%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2021

Assets$56,493
Liabilities$63,543
Net Assets-$7,050
Open 2021 Filing

Operations Trend

Revenue Growth100th percentile

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

2021

Revenue$16,408,583
Expenses$16,359,020
Net Income$49,563
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$16,408,583
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$2,112$56,493▲ $54,381
Total Assets$2,112$56,493▲ $54,381
Liabilities
Accounts Payable and Accrued Expenses$58,725$63,543▲ $4,818
Total Liabilities$58,725$63,543▲ $4,818
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-56,613$-7,050▲ $49,563
Total Net Assets Fund Balance$-56,613$-7,050▲ $49,563
Total Liabilities and Net Assets / Fund Balance$2,112$56,493▲ $54,381
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott WelchExecutive DiPT$27,500$27,500

Board Members and Trustees

NameTitle
Scott HamlinPresident
Bill WerlinSecretary
Catherine HebertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,326,582
Program Service Revenue
$82,000
Investment Income
$1
Other Revenue
$0
All Other Contributions
$16,326,582
Change in Net Assets
$49,563

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$16,320,293Fair Market Value (FMV)
Total Noncash Contributions1$16,320,293-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,328,833
Salaries, Compensation, and Employee Benefits$30,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$27,500-$27,500
Information Technology-$9,640-$9,640
Other Expenses$6,289--$6,289
Advertising-$3,750-$3,750
Payroll Taxes-$2,687-$2,687
Office Expenses-$301-$301
Insurance-$199-$199
Total Functional Expenses$16,314,943$44,077$0$16,359,020
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
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 STREET, PORTLAND, OR 97214

Signing Officer

Name
Scott Welch
Title
Executive Director
Phone
5039720168
Signed
2022-11-15

Organization Details

Principal Officer
Bill Werlin
Formed
2018
Legal Domicile
Or
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Willamette Valley Accounting
Address
PO BOX 817, MOLALLA, OR 97038-0817
Preparer
Rick a Dishner Ealtc
Phone
5037596689
Raw XML Appendix337 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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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016408583
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02112
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056493
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097214
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT WELCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05039720168
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOOPTFOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LOOP
ReturnHeader/Filer/EIN0823282985
ReturnHeader/Filer/PhoneNum05039720168
ReturnHeader/Filer/USAddress/AddressLine1Txt02410 NE 11TH STREET
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097214
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810739549
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLAMETTE VALLEY ACCOUNTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 817
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOLALLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0970380817
ReturnHeader/PreparerPersonGrp/PhoneNum05037596689
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICK A DISHNER EALTC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-21T13:11:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WELCH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,493
Liabilities
$63,543
Net assets
-$7,050
Revenue
$16,408,583
Expenses
$16,359,020
Net income
$49,563
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
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$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