The Loppet Foundation Inc

Organization Overview

The Loppet Foundation Inc is located in Minneapolis, MN. The organization was established in 2003. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loppet Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2023, Loppet Foundation Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.3m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EVENTS:CONNECTION TO THE OUTDOORS, AND HIGHLIGHT MINNEAPOLIS'S ABUNDANT NATURAL SPACES.FY22 FACTS:- NEARLY 20,000 PEOPLE PARTICIPATED IN A LOPPET EVENT.- MORE THAN 1,000 VOLUNTEERS GAVE THEIR TIME AND TALENTS TO HELP MAKE LOPPET EVENTS POSSIBLE.LOPPET SPORT:LOPPET SPORT PROVIDES YEAR-ROUND TRAINING OPPORTUNITIES FOR ATHLETES AGES 7 TO 107 TO REACH THEIR FULL POTENTIAL.


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Board, Officers & Key Employees

Name (title)Compensation
Jonathan Van Horn
President
$0
Evelena Hillman
Vice President
$0
Tom Trachtman
Treasurer
$0
Tricia Conroy
Secretary
$0
Mindy Benton
Board Member
$0
Mia Greene
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$591,928
Noncash contributions included in lines 1a–1f $59,136
Total Revenue from Contributions, Gifts, Grants & Similar$591,928
Total Program Service Revenue$2,769,338
Investment income $13,797
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,375,063

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