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Nonprofiteer
← THE LOPPET FOUNDATION INC

Form 990 for tax year 2024

Filed by THE LOPPET FOUNDATION INC.

Totals

Total revenue
$5,101,505
Total expenses
$4,177,332
Contributions and grants received
$1,931,368
Grants paid
$0
Program service revenue
$3,142,543
Investment income
$27,594
Other revenue
$0
Total assets, end of year
$6,484,658
Total liabilities, end of year
$1,854,692
Net assets or fund balances, end of year
$4,629,966
Program services expenses (Part IX)
$3,403,742
Management and general expenses
$661,845
Fundraising expenses
$111,745
Program service expenses (Part III)
$3,403,742

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $339,729

  • 1f · All other contributions, gifts and grants

    $1,591,639

  • 2a · Program service revenue: REGISTRATION

    total $2,069,856 · related or exempt $2,069,856

  • 2b · Program service revenue: SALES OF PASSES

    total $634,107 · related or exempt $634,107

  • 2c · Program service revenue: RENT-EQUIPMENT/FACILIT

    total $257,540 · related or exempt $257,540

  • 2d · Program service revenue: MERCHANDISE SALES

    total $121,454 · related or exempt $121,454

  • 2e · Program service revenue: OTHER

    total $34,698 · related or exempt $34,698

  • 2f · All other program service revenue

    total $24,888 · related or exempt $24,888

  • 3 · Investment income

    total $27,594 · excluded $27,594

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $68,624 · program services $43,919 · management and general $3,431 · fundraising $21,274

  • 7 · Other salaries and wages

    total $2,021,480 · program services $1,668,420 · management and general $296,727 · fundraising $56,333

  • 8 · Pension plan contributions

    total $61,130 · program services $50,329 · management and general $8,660 · fundraising $2,141

  • 9 · Other employee benefits

    total $30,442 · program services $25,255 · management and general $4,784 · fundraising $403

  • 10 · Payroll taxes

    total $158,059 · program services $134,877 · management and general $17,087 · fundraising $6,095

  • 11c · Fees: accounting

    total $26,250 · management and general $26,250

  • 11g · Fees: other

    total $372,762 · program services $310,105 · management and general $61,401 · fundraising $1,256

  • 12 · Advertising and promotion

    total $14,849 · program services $14,138 · management and general $569 · fundraising $142

  • 13 · Office expenses

    total $211,861 · program services $174,228 · management and general $22,167 · fundraising $15,466

  • 14 · Information technology

    total $113,471 · program services $58,749 · management and general $52,153 · fundraising $2,569

  • 16 · Occupancy

    total $22,100 · program services $19,900 · management and general $2,200

  • 17 · Travel

    total $82,376 · program services $81,216 · management and general $1,156 · fundraising $4

  • 20 · Interest

    total $15,286 · program services $15,286

  • 22 · Depreciation, depletion and amortization

    total $66,774 · program services $65,662 · management and general $639 · fundraising $473

  • 23 · Insurance

    total $189,228 · program services $31,505 · management and general $157,723

  • 24a · Other expenses: SUPPLIES/AWARDS/MERCHAN

    total $226,464 · program services $224,268 · management and general $1,292 · fundraising $904

  • 24b · Other expenses: REPAIRS, MAINT & RENTAL

    total $219,036 · program services $217,137 · management and general $1,007 · fundraising $892

  • 24c · Other expenses: REGISTRATION

    total $157,014 · program services $156,776 · fundraising $238

  • 24d · Other expenses: MEALS AND ENTERTAINMENT

    total $59,069 · program services $51,837 · management and general $4,377 · fundraising $2,855

  • 24e · All other expenses

    total $61,057 · program services $60,135 · management and general $222 · fundraising $700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,659 · end of year $146,855

  • 2 · Savings and temporary cash investments

    beginning of year $2,588,574 · end of year $2,473,136

  • 3 · Pledges and grants receivable

    beginning of year $197,879 · end of year $401,392

  • 4 · Accounts receivable

    beginning of year $115,306 · end of year $3,851

  • 7 · Other notes and loans receivable

    beginning of year $2,759,400 · end of year $2,759,400

  • 10a · Land, buildings and equipment: cost or other basis

    $903,330

  • 10b · Land, buildings and equipment: accumulated depreciation

    $537,081

  • 10c · Land, buildings and equipment, net

    beginning of year $415,048 · end of year $366,249

  • 15 · Other assets

    beginning of year $352,262 · end of year $333,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $611,272 · end of year $339,571

  • 19 · Deferred revenue

    beginning of year $532,727 · end of year $618,173

  • 24 · Unsecured notes and loans payable

    beginning of year $545,714 · end of year $550,000

  • 25 · Other liabilities

    beginning of year $365,435 · end of year $346,948

  • 27 · Net assets without donor restrictions

    beginning of year $3,974,444 · end of year $4,090,280

  • 28 · Net assets with donor restrictions

    beginning of year $556,536 · end of year $539,686

Mission and programs · 2024

Mission

CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY.

  • FY25 FACTS:EVENTS:THE LOPPET FOUNDATION'S YEAR-ROUND EVENTS BUILD COMMUNITY AROUND A SHARED PASSION FOR OUTDOOR RECREATION, AND HIGHLIGHT MINNEAPOLIS'S ABUNDANT NATURAL SPACES.- MORE THAN 20,000 PEOPLE PARTICIPATED IN A LOPPET EVENT.- MORE THAN 3,400 VOLUNTEERS GAVE THEIR TIME AND TALENTS TO HELP MAKE LOPPET EVENTS POSSIBLE.LOPPET SPORT:LOPPET SPORT PROVIDES YEAR-ROUND OPPORTUNITIES FOR YOUTH AND ADULTS OF ALL AGES TO REACH THEIR FULL POTENTIAL IN THE OUTDOORS- LOPPET SKI INSTRUCTORS PROVIDED LESSONS TO MORE THAN 900 ADVENTURERS OF ALL AGES.- 1,417 KIDS MOUNTAIN BIKED, SKIED, RAN, PADDLED AND ORIENTEERED IN THE TRAIL KIDS PROGRAM, EMPOWERING YOUTH THROUGH NEW EXPERIENCES AND CHALLENGES.- LOPPET CYCLE WORKS (LCW) SERVED 200 YOUTH AND ADULTS IN BEGINNER TO ADVANCED MOUNTAIN BIKING-LOPPET SPORT ADDED PADDLING AND OUTDOOR ART PROGRAMS TO OFFER ADDITIONAL OPPORTUNITIESIN THE OUTDOORSTRAILS AND RECREATION:THE LOPPET FOUNDATION'S TRAILS AND RECREATION TEAM PARTNERS WITH THE MINNEAPOLIS PARK AND RECREATION BOARD TO CREATE, IMPROVE, AND OPERATE WORLD-CLASS FACILITIES FOR OUTDOORRECREATION.-DURING THE WINTER OF 2024-2025, 7,512 SKI PASSES WERE SOLD

    Expenses $3,403,742 · Revenue $3,142,543

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Van Horn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Evelena Hillman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Trachtman

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tricia Conroy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mia Green White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bill McKinney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nichol Hadler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jorge Saavedra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Veronica Urdaneta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kris Larson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Meghan Cosgrove

    EXECUTIVE DIRECTOR

    Total calculated
    $13,524
    From this org
    $0
    From related orgs
    $12,500
    Other
    $1,024
    Hours/week
    39 + 1 related

  • Claire Wilson

    EXECUTIVE DIRECTOR

    Total calculated
    $119,932
    From this org
    $0
    From related orgs
    $114,959
    Other
    $4,973
    Hours/week
    39 + 1 related

  • Pablo Urriche

    FINANCE & ADMIN DIRECTOR

    Total calculated
    $113,247
    From this org
    $0
    From related orgs
    $110,666
    Other
    $2,581
    Hours/week
    39 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202513099349302036

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