2025-11-05T10:54:40-06:00 2025-03-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-04-01 411753882 THE LOPPET FOUNDATION INC LOPP 6126045330 1301 THEODORE WIRTH PKWY MINNEAPOLIS MN 55422 MEGHAN COSGROVE EXECUTIVE DIRECTOR 6129004498 2025-11-03 1 0 MARC A KOTSONAS P00544551 6512276695 2025-11-03 2024 2025-03-06 01:10:19Z MEGHAN COSGROVE 1301 THEODORE WIRTH PKWY MINNEAPOLIS MN 55422 5101505 0 X WWW.LOPPET.ORG X 1993 MN CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY. 10 10 0 3400 0 0 2671268 1931368 3692012 3142543 27594 27594 0 0 6390874 5101505 0 0 0 0 2446233 2339735 0 0 111745 4588743 1837597 7034976 4177332 -644102 924173 6586128 6484658 2055148 1854692 4530980 4629966 X CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY. 0 0 3403742 3142543 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 3403742 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 1 0 0 0 1 114 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6126045330 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 1.00 X X 0 0 0 TOM TRACHTMAN TREASURER 1.00 1.00 X X 0 0 0 TRICIA CONROY SECRETARY 1.00 1.00 X X 0 0 0 MIA GREEN WHITE BOARD MEMBER 1.00 1.00 X 0 0 0 BILL MCKINNEY BOARD MEMBER 1.00 1.00 X 0 0 0 NICHOL HADLER BOARD MEMBER 1.00 1.00 X 0 0 0 JORGE SAAVEDRA BOARD MEMBER 1.00 1.00 X 0 0 0 VERONICA URDANETA BOARD MEMBER 1.00 1.00 X 0 0 0 KRIS LARSON BOARD MEMBER 1.00 1.00 X 0 0 0 MEGHAN COSGROVE EXECUTIVE DIRECTOR 39.00 1.00 X 0 12500 1024 CLAIRE WILSON EXECUTIVE DIRECTOR 39.00 1.00 X 0 114959 4973 PABLO URRICHE FINANCE & ADMIN DIRECTOR 39.00 1.00 X 0 110666 2581 0 238125 8578 0 0 0 0 0 339729 1591639 1931368 REGISTRATION 711300 2069856 2069856 SALES OF PASSES 711300 634107 634107 RENT-EQUIPMENT/FACILIT 711300 257540 257540 MERCHANDISE SALES 900099 121454 121454 OTHER 900099 34698 34698 24888 24888 3142543 27594 27594 5101505 3142543 0 27594 68624 43919 3431 21274 2021480 1668420 296727 56333 61130 50329 8660 2141 30442 25255 4784 403 158059 134877 17087 6095 26250 26250 372762 310105 61401 1256 14849 14138 569 142 211861 174228 22167 15466 113471 58749 52153 2569 22100 19900 2200 82376 81216 1156 4 15286 15286 66774 65662 639 473 189228 31505 157723 SUPPLIES/AWARDS/MERCHAN 226464 224268 1292 904 REPAIRS, MAINT & RENTAL 219036 217137 1007 892 REGISTRATION 157014 156776 238 MEALS AND ENTERTAINMENT 59069 51837 4377 2855 61057 60135 222 700 4177332 3403742 661845 111745 157659 146855 2588574 2473136 197879 401392 115306 3851 2759400 2759400 903330 537081 415048 366249 352262 333775 6586128 6484658 611272 339571 532727 618173 545714 550000 365435 346948 2055148 1854692 X 3974444 4090280 556536 539686 4530980 4629966 6586128 6484658 X 924173 75000 -900187 X X 0 1 X 1 0 X 800143 2146118 591928 2671268 1931368 8140825 800143 2146118 591928 2671268 1931368 8140825 1606921 6533904 28369 27594 13797 27594 27594 124948 8265773 14900705 0.79050 0.80270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 216723 85625 131098 686607 451456 235151 366249 RIGHT OF USE ASSET 333775 333775 LEASE LIABILITY 346948 346948 X PART X, LINE 2: THE LOPPET FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT THEY HAVE TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO THEIR TAX EXEMPT PURPOSE. UNRELATED BUSINESS INCOME IS TAXED AT THE CORPORATE TAX RATE. THE ORGANIZATION DID NOT INCUR ANY UNRELATED BUSINESS INCOME TAXES IN 2025 AND 2024. MANAGEMENT BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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 -892,462. LOSS ON UNCOLLECTED PLEDGES -7,725. 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 0 0 1 0 0 0 0 0 0 1 1 0 1 1 0 0 1 0 LOPPET ADVENTURES R 892462 COST