Overview
What is Closed Loop Foundation Inc?
Closed Loop Foundation Inc, situated in New York, NY, serves as a catalyst for innovation in the realm of circular economy. As the managing partner of the Composting Consortium, they spearhead multi-year collaborations across the compostable packaging value chain, aiming to implement industry-wide solutions and map out a roadmap for investing in technologies and infrastructure that facilitate the recovery of compostable food packaging and food scraps. By supporting research and development of technologies and business models, the Foundation is dedicated to fostering a sustainable circular economy.
Is Closed Loop Foundation Inc legitimate?
Closed Loop Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Closed Loop Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Closed Loop Foundation Inc
The Closed Loop Foundation, an organization dedicated to innovation, focuses on research and development of technologies and business models aimed at fostering a circular economy. Specifically, they are engaged in initiatives that seek to recover and reuse compostable food packaging and food scraps, with a view to promoting sustainable waste management practices. As the Managing Partner of the Composting Consortium, a multi-year collaboration spanning the entire compostable packaging value chain, the Foundation is at the forefront of pilot-testing industry-wide solutions and mapping out a roadmap for investments in technologies and infrastructure that support this goal. Their mission is to drive the transition towards a circular economy, promoting the reuse and recycling of resources in a closed-loop system, thereby reducing waste and promoting a more sustainable world.
Impact
This information is meant to be a general summary of Closed Loop Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Monday, June 17, 2024
Closed Loop Foundation Inc's impact is significant in advancing the development of technologies and business models that promote the circular economy. Through initiatives like the Composting Consortium, they are piloting industry-wide solutions and guiding investments in technologies and infrastructure to reduce waste and build more sustainable practices. Additionally, their work in recovering food-grade polypropylene (PP) is contributing to the creation of more sustainable circular economies for PP in the United States. Their efforts are helping drive positive change towards a more environmentally conscious future.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2013
Phone
(917) 822-6476
Principal Officer
Ron Gonen
Main Address
888 SEVENTH AVENUE 10 FLOOR, NEW YORK, NY, 10106
NTEE Category
Code: C022 - Environment
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