2017-11-15T11:50:33-06:00 2016-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2016-01-01 472452889 CLOSED LOOP FOUNDATION INC CLOS 8778295555 817 broadway No 5th Fl new york NY 10003 Ron Gonen CEO 8778295555 2017-11-15 1 THOMAS LANNING P00851654 2122970400 209.3.217.20 2017-11-15 08:56:00 ES P 90CC17281F34CD083B051E620E31C1B2A26173FC 90CC17281F34CD083B051E620E31C1B2A26173FC 2016 2021-01-29 14:40:06Z X Ron Gonen 817 broadway 5th floor New york NY 10003 285000 0 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 0 6 0 0 0 285000 0 0 0 0 0 0 0 285000 0 306000 0 0 0 0 0 0 0 0 225652 0 531652 0 -246652 0 470817 0 5000 0 465817 Closed Loop Foundation supports research and development of technologies and business models focused on building the circular economy. 0 0 503514 306000 Closed Loop Foundation aims to further the research and development needed to build a more circular economy. Over the last year, CLFoundation has supported 10 organizations, companies and communities working to reduce food and film plastic waste. CLFoundation 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. 503514 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X Margot kane 8778295555 817 broadway No 5th Fl new york NY 10003 X Bridget Croke Treasurer 1.00 X X 0 0 0 Kyle westaway Director 1.00 X 0 0 0 Margot Kane Treasurer 1.00 X X 0 0 0 paul macht director 1.00 X 0 0 0 robert kaplan director and vice executive 1.00 X X 0 0 0 Ron Gonen Executive director and director 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 5000 280000 285000 285000 0 0 0 X 306000 306000 18000 18000 197767 187682 10085 4200 4147 53 5414 5414 246 246 FILING FEES 25 25 531652 503514 28138 0 438617 10000 0 22200 0 470817 5000 0 5000 X 0 261265 204552 0 465817 0 470817 -246652 712469 0 X 0 0 0 X 285000 285000 285000 285000 112200 172800 285000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 ZZYZX polymers 160000 to conduct research for the development of early stage solutions for food waste and film waste. Drought Diet Products 140000 to conduct research for the development of early stage solutions for food waste and film waste. 2 Part I, Line 2: Annual reporting and calls with grantees. Form 990, Part VI, Section B, line 11b Form 990 was prepared by independent accountants. DUE TO TIME CONSTRAINTS THE BOARD DID NOT GET THE CHANCE TO REVIEW AND APPROVE PRIOR TO SUBMISSION. Form 990, Part VI, Section B, line 12c 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 shall decide 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 board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. 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, Section C, line 19 THE DOCUMENTS ARE AVAILABLE BY REQUEST. Form 990, Part IX, line 11g Consulting: Program service expenses 187,682. Management and general expenses 10,085. Fundraising expenses 0. Total expenses 197,767. FORM 990, PART IV, LINE 12B: THIS RETURN HAS BEEN PREPARED BASED ON ALL AVAILABLE INFORMATION AT THE TIME OF FILING. IT IS ALSO BASED ON UNAUDITED FINANCIAL STATEMENTS. IF ANY SIGNIFICANT DIFFERENCES ARISE AFTER THIS FILING, THIS RETURN WILL BE AMENDED TO PROPERLY REFLECT THE ADDITIONAL INFORMATION.