2024-01-27T11:42:16-06:00 2023-03-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2022-10-01 411753882 THE LOPPET FOUNDATION INC LOPP 6129004498 1301 THEODORE WIRTH PKWY MINNEAPOLIS MN 55422 CLAIRE WILSON EXECUTIVE DIRECTOR 6129004498 2024-01-19 1 CLAIRE WILSON 999009999 0 MARC A KOTSONAS P00544551 6512276695 2024-01-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CLAIRE WILSON 1301 THEODORE WIRTH PKWY MINNEAPOLIS MN 55422 3434199 0 X WWW.LOPPET.ORG X 1993 MN CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY. 11 11 0 1463 0 0 2146118 591928 2906183 2769338 27594 13797 0 0 5079895 3375063 0 0 0 0 1929711 1037333 0 0 122215 1578809 1237418 3508520 2274751 1571375 1100312 5813568 6599055 817514 866039 4996054 5733016 CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY. 0 0 1893067 2769338 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. 1893067 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 55 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X PABLO URRICHE 6129004498 1301 THEODORE WIRTH PKWY MINNEAPOLIS MN 55422 JONATHAN VAN HORN PRESIDENT 1.00 1.00 X X 0 0 0 EVELENA HILLMAN VICE PRESIDENT 1.00 X X 0 0 0 TOM TRACHTMAN TREASURER 1.00 X X 0 0 0 TRICIA CONROY SECRETARY 1.00 1.00 X X 0 0 0 MINDY BENTON BOARD MEMBER 1.00 X 0 0 0 MIA GREENE BOARD MEMBER 1.00 X 0 0 0 BILL MCKINNEY BOARD MEMBER 1.00 X 0 0 0 NICHOL HADLER BOARD MEMBER 1.00 X 0 0 0 VERONICA URDANETA BOARD MEMBER 1.00 X 0 0 0 KRIS LARSON BOARD MEMBER 1.00 X 0 0 0 JORGE SAAVEDRA BOARD MEMBER 1.00 X 0 0 0 CLAIRE WILSON EXECUTIVE DIRECTOR 39.00 1.00 X 0 103698 4852 0 103698 4852 0 0 0 0 0 591928 59136 591928 REGISTRATION 711300 1299156 1299156 SALES 711300 1221524 1221524 FACILITIES AND EQUIPME 711300 125926 125926 MERCHANDISE SALES 900099 60892 60892 OTHER 900099 46129 46129 15711 15711 2769338 13797 13797 59136 59136 0 0 3375063 2769338 0 13797 57663 29985 27678 909366 724041 115282 70043 -1620 -842 -778 -7125 -6145 -980 79049 61595 9533 7921 12500 12500 181376 175951 4575 850 19695 15124 4571 86305 70330 11019 4956 27391 5131 20817 1443 39700 38500 1200 59107 59082 18 7 6271 6271 70215 69660 319 236 103833 29216 74617 SUPPLIES/AWARDS/MERCHAN 211410 204401 4463 2546 REPAIRS, MAINT & RENTAL 148902 148343 559 REGISTRATION 114137 114137 MEALS AND ENTERTAINMENT 62335 54046 4567 3722 94241 94241 2274751 1893067 259469 122215 253907 151116 1450981 2653242 852096 656713 14257 2759400 2759400 34748 818581 439997 448179 378584 5813568 6599055 151263 250423 119009 71026 7957 5305 539285 539285 817514 866039 X 3933061 4557161 1062993 1175855 4996054 5733016 5813568 6599055 X 1100312 -363350 X X 0 0 0 X 1515107 1377185 800143 2146118 591928 6430481 1515107 1377185 800143 2146118 591928 6430481 1988408 4442073 26039 28459 28369 27594 13797 124258 6554739 12946323 0.67770 0.72630 X PART II, SHORT YEAR EXPLANATION: THE LOPPET FOUNDATION CHANGED ITS YEAR END TO MARCH 31. THIS WAS EFFECTIVE MARCH 31, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 216722 50580 166142 601859 389417 212442 378584 X 2 59136 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE LOPPET FOUNDATION SHALL BE COMPOSED OF ALL THOSE INDIVIDUALS, FAMILIES OR BUSINESSES WHO ARE UP TO DATE IN THEIR MEMBERSHIP FEES OR WHO HAVE HAD THEIR FEES WAIVED BY THE BOARD OF DIRECTORS AND ARE OTHERWISE IN GOOD STANDING. THE FEE STRUCTURE FOR MEMBERSHIP SHALL BE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE LOPPET FOUNDATION SHALL BE COMPOSED OF ALL THOSE INDIVIDUALS, FAMILIES OR BUSINESSES WHO ARE UP TO DATE IN THEIR MEMBERSHIP FEES OR WHO HAVE HAD THEIR FEES WAIVED BY THE BOARD OF DIRECTORS AND ARE OTHERWISE IN GOOD STANDING. THE FEE STRUCTURE FOR MEMBERSHIP SHALL BE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES THAT HAVE BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO, AND REVIEWED BY THE ORGANIZATION'S DIRECTORS AND TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, EMPLOYEES, BOARD MEMBERS AND THEIR FAMILY MEMBERS ARE PROHIBITED FROM ENGAGING IN CONFLICTS OF INTEREST THAT COULD AFFECT ANY OF THE INDIVIDUALS LISTED ABOVE JUDGMENT WITH RESPECT TO TRANSACTIONS TO WHICH THE ORGANIZATION IS A PARTY. ALL INDIVIDUALS ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THEY BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. ANY QUESTIONS INVOLVING POTENTIAL CONFLICT OF INTEREST MUST BE BROUGHT TO THE ATTENTION OF THE EXECUTIVE DIRECTOR, BOARD CHAIR, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST. ANY INDIVIDUAL WHO IS DEEMED TO HAVE A CONFLICT OF INTEREST IS SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXPECT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. THEY ALSO SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. THESE INDIVIDUALS ARE ALSO PROHIBITED FROM VOTING ON SUCH MATTERS THAT CREATE A CONFLICT OF INTEREST AND MAY NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. WHEN A PERSON HAS A CONFLICT OF INTEREST, THEIR INELIGIBILITY TO VOTE WILL BE REFLECTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE ANNUALLY. THIS COMMITTEE IS MADE UP OF THE BOARD'S OFFICERS AND THE PROCESS BEGINS WITH A SELF-EVALUATION BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE COMMENTS ON THE SELF-EVALUATION AND THEN THE FULL BOARD REVIEWS THE EVALUATION AT ONE OF ITS FALL MEETINGS. THE LOPPET FOUNDATION, INC. USES A SALARY STUDY FROM 2013 COMPARING THE EXECUTIVE DIRECTOR'S COMPENSATION WITH SIMILAR POSITIONS. THE BOARD WILL THEN INCREASE THE EXECUTIVE DIRECTOR'S COMPENSATION ACCORDINGLY, ASSUMING FAVORABLE ANNUAL PERFORMANCE REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO LOPPET ADVENTURES -363,350. FORM 990, PAGE 12, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. LOPPET ADVENTURES 1221 THEODORE WIRTH PARKWAY GOLDEN VALLEY MN 55422 824416326 OUTDOOR RECREATION MN 501(C)(3) LINE 7 N/A 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 1 0 LOPPET ADVENTURES D 3600096 COST LOPPET ADVENTURES R 375350 COST