Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990; $33K paid to officers and key staff.
Scott Welch’s $33K as Executive Di is at the 73rd percentile of top reported officer pay among 135 <$100K environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2022 |
|---|---|---|
| Scott Welch | $33,000 | $60,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Develops research and solutions to reuse materials, preventing waste.
Questions for Looptfoundation
Your first name shows with your question. Looptfoundation answers here, for everyone.
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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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $4K | $17K |
| Total assetsLn 16 | $4K | $17K |
| LiabilitiesLn 26 | −$768 | $1K |
| Net assetsLn 32 | $5K | $15K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $33K | $33K | ||
| Payroll taxesLn 10 | $3K | $3K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Other fees for servicesLn 11g | $24K | $24K | ||
| Office expensesLn 13 | $3K | $3K | ||
| InsuranceLn 23 | $1K | $1K | ||
| Total functional expensesLn 25 | $68K | $0 | $68K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 Latest Viewing | $78K | $68K | $10K | $15K | 990 PDF |
| FY2022 | $121K | $109K | $12K | $5K | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020 | $7K | $6K | $1K | −$57K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $78,031 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 3 to look at
Part VIII · Statement of revenue $78,031 across 4 lines filed
Part IX · Statement of functional expenses $67,739 across 6 lines filed
Part X · Balance sheet $16,567 assets, 7 lines filed
Part XI · Reconciliation of net assets $15,176 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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