2018-11-13T20:30:04-08:00 2017-12-31 611417530 Avni & Fogel CPAs PC 151 OVERLOOK TERRACE EAST HILLS NY 11577 990 2017-01-01 472452889 CLOSED LOOP FOUNDATION INC CLOS 9178226476 3 COLUMBUS CIRCLE NEW YORK NY 10019 RON GONEN Director 2018-11-13 true ERIK AVNI P00621953 7188862054 2017 2019-02-21 02:37:17Z X RON GONEN 227 CENTRAL PARK WEST 6A NEW YORK NY 10024 385000 false false X N/A X 2013 DE CLOSED LOOP FOUNDATION SUPPORTS RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND BUSINESS MODELS FOCUSED ON BUILDING THE CIRCULAR ECONOMY. 6 6 1 4 0 285000 385000 0 0 0 285000 385000 306000 383000 0 40625 0 0 225652 309965 531652 733590 -246652 -348590 470817 303152 5000 185925 465817 117227 CLOSED LOOP FOUNDATION SUPPORTS RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND BUSINESS MODELS FOCUSED ON BUILDING THE CIRCULAR ECONOMY. false false 627374 383000 385000 CLOSED LOOP FOUNDATION AIMS TO FURTHER THE RESEARCH AND DEVELOPMENT NEEDED TO BUILD A MORE CIRCULAR ECONOMY. OVER THE LAST YEAR, THE FOUNDATION HAS SUPPORTED NUMEROUS ORGANIZATION, COMPANIES AND COMMUNITIES WORKING TO REDUCE FOOD AND FILM PLASTIC WASTE. THE FOUNDATION HAS DEVELOPED REPORTS ON THE FOLLOWING TOPICS: INVESTMENT STRATEGIES FOR FILM PLASTIC RECYCLING, GLASS RECYCLING ENHANCEMENT, IMPROVING RPET RECOVERY, CAPITAL LANDSCAPE STUDY AND BUILDING A POSITIVE RECYCLING NARRATIVE. 627374 true true false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 6 0 true 1 true false false false false false false false false 0 false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true false NY X RON GONEN 9178226476 3 COLUMBUS CIRCLE SUITE 1656 NEW YORK NY 10019 RON GONEN Executive Dir. 1.00 0.00 X X 0 0 0 KYLE WESTAWAY Director 1.00 0.00 X 0 0 0 BRIDGET CROKE Treasurer 0.00 0.00 X X 40625 0 0 PAUL MACHT Director 1.00 0.00 X 0 0 0 ROBERT KAPLAN Director 1.00 0.00 X X 0 0 0 MARGOT KANE Treasurer 1.00 0.00 X X 0 0 0 40625 0 false false false 0 385000 385000 0 0 0 0 0 0 0 0 0 0 385000 X 383000 383000 0 0 0 40625 40625 0 0 0 0 0 0 0 24500 24500 0 0 0 270036 236104 33932 0 3523 3523 0 0 0 2704 2704 0 1122 1122 0 0 0 1177 1177 PAYROLL TAXES 4937 4937 BUSINESS MEALS 921 921 PAYROLL PROCESSING 755 755 FILING FEES 277 277 13 13 733590 627374 106216 0 438617 303152 0 10000 0 0 0 0 0 0 0 0 0 0 0 0 22200 0 470817 303152 5000 185925 5000 185925 X 261265 117227 204552 465817 117227 470817 303152 -348590 X false false false X 285000 385000 670000 0 0 285000 385000 670000 0 670000 0 0 0 670000 X 0.00000 SPONSORSHIP FUNDS PAYABLE 185925 185925 true BIOWORKS ENERGY 4652 Beecher Rd FLINT MI 48532 50000 0 FULL CYCLE BIOPLASTICS 5327 Jacuzzi St richmond CA 94804 50000 0 GEORGIA TECH NORTH AVE NW ATLANTA GA 30332 50000 0 GONZAGA UNIVERSITY 502 E Boone Ave SPOKANE WA 99202 17500 0 INDIANA RECYCLING COALITION 708 E Michigan St Indianapolis IN 46202 50000 0 NET IMPACT 1333 BROADWAY OAKLAND CA 94612 10000 0 PHILANTHEOPIC VENTURES FDTN 1222 Preservation Park WaY OAKLAND CA 94612 50000 0 RENEWAL MILL 561 Baker Street Apartment 6 SAN FRANCISCO CA 94117 50000 0 VERMONT NATURAL AG PRODUCTS 297 LOWER FOOTE STREET MIDDLEBURY VT 05753 50000 0 0 9 Grantmaker's Description of How Grants are Used ANNUAL REPORTING AND CALLS WITH GRANTEES Form 990, Part VI, Line 11b: Form 990 Review Process THE 990 WAS PREPARED BY THE CONTROLLER AND THE BOARD WAS ABLE TO REVIEW AND APPROVE PRIOR TO SUBMISSION. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE ORGANIZATION REQUIRES ANNUAL DISCLOSURE OF THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALLDECIDE IF A CONFLICT OF INTEREST EXISTS. THE BOARD OR COMMITTEE SHALL USE THE FOLLOWING PROCEDURE TO ADDRESS CONFLICTS OF INTEREST:A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST.B. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT.C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST.D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARDDELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON:A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, CLOSED LOOP FOUNDATION, INC. 47-2452889B. HAS READ AND UNDERSTANDS THE POLICY,C. HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAXEXEMPT PURPOSES. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE DOCUMENTS ARE AVAILABLE BY REQUEST