2026-09-17T12:55:06-07:00 2025-12-31 990 2025-01-01 472452889 CLOSED LOOP FOUNDATION INC CLOS 9178226476 888 SEVENTH AVENUE 10 FLOOR NEW YORK NY 10106 RON GONEN Director 2026-09-17 2025 RON GONEN 888 SEVENTH AVE 10 FL NEW YORK NY 10106 75 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. 5 2 0 4 75 0 0 75 0 75 0 0 0 0 47054 47054 47054 -46979 300959 503980 250000 300959 253980 CLOSED LOOP FOUNDATION SUPPORTS RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND BUSINESS MODELS FOCUSED ON BUILDING THE CIRCULAR ECONOMY. false false To support the Foundations reusable packaging research. Our research will includepre- and post-pilot surveys to the target community, consumer intercepts at pilot stores, in-store observations, shop-alongs, and focus group discussions, culminating in a public-facing report. true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 5 2 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 888 SEVENTH AVENUE 10 FL NEW YORK NY 10106 X 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 Secretary 1.00 0.00 X X 0 0 0 PAUL MACHT Director 1.00 0.00 X 0 0 0 ERIK AVNI Treasurer 1.00 0.00 X X 0 0 0 0 false false false 0 0 0 75 75 0 0 0 0 0 0 0 0 75 75 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 122 122 0 0 0 0 0 0 0 0 0 1589 1589 AUDIT FEES 45018 45018 BANK FEES 300 300 FILING FEES 25 25 0 47054 0 0 47054 300959 503979 0 0 0 0 0 0 0 0 0 0 0 0 0 1 300959 503980 250000 0 250000 X 300959 253980 300959 253980 300959 503980 -46979 X false false false X 150000 400001 150000 100000 800001 0 0 150000 400001 150000 100000 800001 518001 282000 0 0 0 800001 0.35250 0.26100 X Form 990, Part VI, Section B, Line 11b THE 990 WAS PREPARED BY THE CONTROLLER AND THE BOARD WAS ABLE 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 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, Section C, Line 19 THE DOCUMENTS ARE AVAILABLE BY REQUEST