Overview
What is Looptfoundation?
Looptfoundation is a small, Portland, Oregon-based nonprofit organization, specifically located at 2410 NE 11th Street. Their primary mission revolves around the repurposing of materials and the development of new processes to prevent high-quality materials from ending up in the waste stream. Through research, education, and innovative solutions, they aim to make a significant impact in this area, contributing to a more sustainable future. Although the organization maintains a relatively small workforce of one individual, their commitment to this cause is evident in their mission and activities.
What are the reviews and ratings of this charity?
Charity Navigator rating: 82% (Three-Star out of Four Star rating)
Looptfoundation has garnered a notable Three-Star rating from Charity Navigator, reflecting its robust accountability and finance metrics. With a high Accountability & Finance score of 90% and a perfect Leadership & Adaptability score of 100%, the organization demonstrates a strong commitment to responsible financial management and effective leadership. The charity has a fully independent board and a solid program expense ratio, indicating that a significant portion of its funds is allocated directly to its mission-driven programs.
User feedback from Great Nonprofits highlights the impactful work Looptfoundation is doing in promoting sustainability within the textile industry. A reviewer noted the charity's success in preventing a million pounds of textiles from entering landfills, showcasing its effectiveness in addressing environmental concerns through education and collaboration with major brands. This positive review underscores the organization's dedication to fostering sustainable practices and creating meaningful change.
While the available data showcases Looptfoundation's strengths, specific limitations are not mentioned in the feedback or ratings. Overall, the organization appears to be on a strong trajectory in its mission to enhance sustainability in the textile sector and empower communities through education.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Looptfoundation legitimate?
Looptfoundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Looptfoundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $60,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Looptfoundation?
Looptfoundation's mission is centered around providing research, education, and innovative solutions aimed at the repurposing of materials and creation of new processes. This is done to prevent high-quality materials from ending up as waste. In essence, their goal is to promote sustainable practices and foster the development of eco-friendly processes.
Who is the CEO of Looptfoundation?
Sandy Pressley is the Chair of Looptfoundation.
What is the revenue of Looptfoundation?
Looptfoundation's revenue in 2022 was $121,398.
Who are the executives of Looptfoundation and what are their salaries?
The average compensation at Looptfoundation during 2022 was $60,500. There is 1 employee at Looptfoundation.
Here are 4 key members and their salaries:
- Compensation: $60,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Looptfoundation?
Looptfoundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Looptfoundation
LooptFoundation, a non-profit organization, is dedicated to providing research, education, and innovative solutions for the repurposing of materials and the creation of new processes. Their primary mission is to keep high-quality materials out of the waste stream. By focusing on the repurposing of materials and the development of new processes, LooptFoundation aims to reduce waste and promote sustainability. Their work is instrumental in ensuring that valuable materials continue to be utilized rather than discarded, contributing to a more environmentally friendly future.
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Impact
June, 2024
Looptfoundation's impact lies in its dedication to providing research, education, and innovative solutions for repurposing materials and creating new processes to keep high-quality materials out of the waste stream. By focusing on environmental sustainability and resource conservation, Looptfoundation actively contributes to the reduction of waste and the promotion of circular economy principles. Through its initiatives, Looptfoundation helps foster a more sustainable future by facilitating the efficient use of materials and minimizing the negative impact on the environment.
This information is meant to be a general summary of Looptfoundation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Program Service Revenue: $104,938
- Gross Receipts: $121,398
Assets and Liabilities:
- Total Assets: $4,116
- Total Liabilities: -$768
- Net Assets: $4,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF INVENTORY
Revenue
$104,938
Organization Details
Founding Year
2018
Phone
(503) 972-0168Principal Officer
Sandy Pressley
Main Address
2410 NE 11TH STREET, PORTLAND, OR, 97214
NTEE Category
Code: C27 - Environment
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