Nonprofit · EIN 41-1753882
THE LOPPET FOUNDATION INC
Tax-exempt · MINNEAPOLIS, MN 55422
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $5,101,505 | $4,177,332 | $924,173 | $6,484,658 | $1,854,692 | $4,629,966 |
| March 31, 2024 | 990 | $6,390,874 | $7,034,976 | -$644,102 | $6,586,128 | $2,055,148 | $4,530,980 |
| March 31, 2023 | 990 | $3,375,063 | $2,274,751 | $1,100,312 | $6,599,055 | $866,039 | $5,733,016 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $1,931,368
- of which government grants
- $339,729
- Program service revenue
- $3,142,543
- Investment income
- $27,594
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $68,624
- Other salaries and wages
- $2,021,480
- Salaries, compensation and benefits (total)
- $2,339,735
- Professional fundraising fees
- $0
- Accounting fees
- $26,250
- Occupancy
- $22,100
- Travel
- $82,376
- Depreciation
- $66,774
- Program services (functional)
- $3,403,742
- Management and general (functional)
- $661,845
- Fundraising (functional)
- $111,745
Balance sheet and other
- Total assets, start of year
- $6,586,128
- Total assets, end of year
- $6,484,658
- Total liabilities, end of year
- $1,854,692
- Net assets, end of year
- $4,629,966
- Land, buildings and equipment
- $366,249
- Net assets without donor restrictions
- $4,090,280
- Net assets with donor restrictions
- $539,686
- Gross receipts
- $5,101,505
- Employees
- 0
- Volunteers
- 3,400
- Year formed
- 1993
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CLAIRE WILSON | EXECUTIVE DIRECTOR Officer | 39 | $0 | $114,959 | $4,973 |
| PABLO URRICHE | FINANCE & ADMIN DIRECTOR Highest-paid employee | 39 | $0 | $110,666 | $2,581 |
| MEGHAN COSGROVE | EXECUTIVE DIRECTOR Officer | 39 | $0 | $12,500 | $1,024 |
| JONATHAN VAN HORN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EVELENA HILLMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM TRACHTMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRICIA CONROY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIA GREEN WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL MCKINNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICHOL HADLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JORGE SAAVEDRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VERONICA URDANETA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KRIS LARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CLAIRE WILSON | EXECUTIVE DIRECTOR Officer | 39 | $0 | $110,583 | $900 |
| JONATHAN VAN HORN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EVELENA HILLMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM TRACHTMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRICIA CONROY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MINDY BENTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MIA GREENE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL MCKINNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICHOL HANDLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VERONICA URDANETA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KRIS LARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JORGE SAAVEDRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CELIA BOREN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CALISTA ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PENELOPE PATE GREENE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES ARCHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CLAY RUDOLPH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CLAIRE WILSON | EXECUTIVE DIRECTOR Officer | 39 | $0 | $103,698 | $4,852 |
| JONATHAN VAN HORN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EVELENA HILLMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM TRACHTMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRICIA CONROY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MINDY BENTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MIA GREENE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL MCKINNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICHOL HADLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VERONICA URDANETA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KRIS LARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JORGE SAAVEDRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 THEODORE WIRTH PKWY, MINNEAPOLIS, MN 55422-4253
- Principal officer (990 for 2024)
- MEGHAN COSGROVE, 1301 THEODORE WIRTH PKWY, MINNEAPOLIS, MN 55422
- Signed the 990
- MEGHAN COSGROVE, EXECUTIVE DIRECTOR
- Phone
- (612) 604-5330
- Website
- WWW.LOPPET.ORG
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY.
Program accomplishments
- 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 SOLDExpenses $3,403,742 · revenue $3,142,543
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1753882
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N68)
- Assets (IRS master file)
- $6,484,658
- Income (IRS master file)
- $5,101,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $5,101,505 | $4,177,332 | $6,484,658 | XML |
| 990 | March 2024 | $6,390,874 | $7,034,976 | $6,586,128 | XML |
| 990 | March 2023 | $3,375,063 | $2,274,751 | $6,599,055 | XML |
| 990 | September 2022 | $5,079,895 | $3,508,520 | $5,813,568 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1753882).
Questions about THE LOPPET FOUNDATION INC
- What is the EIN of THE LOPPET FOUNDATION INC?
- The employer identification number (EIN) of THE LOPPET FOUNDATION INC is 41-1753882.
- Is THE LOPPET FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to THE LOPPET FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LOPPET FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE LOPPET FOUNDATION INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LOPPET FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of THE LOPPET FOUNDATION INC?
- The 990 for the year ended March 31, 2025 names MEGHAN COSGROVE.
- Who are the officers and directors of THE LOPPET FOUNDATION INC?
- The 990 for the year ended March 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does THE LOPPET FOUNDATION INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $5,101,505, expenses of $4,177,332 and total assets of $6,484,658 at year end.
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