Loppet Adventures
- Assets
- $398.1k
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 285
- Location
- Golden Valley, MN
- Founding
- 04/2018
- Data as of
- 03/2023
- EIN
- 82-4416326
Organization Overview
Loppet Adventures is located in Golden Valley, MN. The organization was established in 2018. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Loppet Adventures employed 285 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loppet Adventures 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 Adventures generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (41.5%) each year. All expenses for the organization totaled $255.2k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOPPET ADVENTURES CREATES ONRAMPS TO OUTDOOR ACTIVITY FOR PEOPLE OF ALL BACKGROUNDS, AGES, AND ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOPPET ADVENTURES PROGRAMS CREATE OPPORTUNITIES FOR PEOPLE OF ALL AGES AND ABILITIES TO GET OUTSIDE AND ACTIVE, BUILDING SKILLS AND COMMUNITY AROUND SHARED PASSION FOR OUTDOOR ACTIVITY.IN FY22:- AROUND 800 ELEMENTARY SCHOOL STUDENTS WERE ABLE TO GET OUTSIDE THROUGH CROSS COUNTRY SKIING PROGRAMS AT 8 NORTH MINNEAPOLIS SCHOOLS- AROUND 85 NORTH MINNEAPOLIS MIDDLE SCHOOLERS WERE SERVED THROUGH THE JUNIOR LOPPET AFTER-SCHOOL PROGRAM - EACH SPENDING MORE THAN 650 HOURS DEVELOPING A PASSION FOR YEAR-ROUND OUTDOOR ACTIVITIES.- LOPPET SKI SCHOOL INSTRUCTORS PROVIDED LESSONS TO MORE THAN 2500ADVENTURERS OF ALL AGES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Van Horn President | OfficerTrustee | 1 | $0 |
Evelena Hillman Vice President | OfficerTrustee | 1 | $0 |
Tricia Conroy Secretary | OfficerTrustee | 1 | $0 |
Tom Trachtman Treasurer | OfficerTrustee | 1 | $0 |
James Archer Board Member | Trustee | 1 | $0 |
Penelope Pate Greene Board Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| 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 | $12,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,763 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,087 |
| Pension plan accruals and contributions | $24,930 |
| Other employee benefits | $14,158 |
| Payroll taxes | $10,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,207 |
| Advertising and promotion | $0 |
| Office expenses | $90 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,049 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $255,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $322,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,104 |
| Accounts payable and accrued expenses | $44,708 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,600,096 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,644,804 |
| Net assets without donor restrictions | -$3,246,700 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $398,104 |