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The Loppet Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411753882 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is The Loppet Foundation Inc?

The Loppet Foundation Inc, based in Minneapolis, Minnesota, is a vibrant nonprofit organization that fosters community connection through various year-round outdoor events. With approximately 270 employees, they engage nearly 20,000 individuals annually in their events, showcasing the city's lush natural spaces. The foundation also offers Loppet Sport, providing training opportunities for athletes of all ages, from 7 to 107. In addition, The Loppet Foundation's Trail Kids Program helps over 1,700 youth improve their physical, mental, and social wellbeing through outdoor adventures. Furthermore, Loppet Cycle Works and Loppet Running 365 cater to beginners and advanced mountain bikers and runners, respectively. The organization also collaborates with the Minneapolis Park and Recreation Board to maintain and improve world-class outdoor facilities.


Official website here: www.loppet.org

Is The Loppet Foundation Inc legitimate?

The Loppet Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Loppet Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $79,353
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,673,613

For more financial information, click here


Official website here: www.loppet.org

What is the mission statement of The Loppet Foundation Inc?

The Loppet Foundation Inc's mission is centered around connecting people with the outdoors, fostering a sense of community through various experiences. Their year-round events, including skiing, mountain biking, running, and paddling, showcase the abundance of natural spaces, attracting nearly 20,000 participants annually. The foundation also provides training opportunities for athletes of all ages, with over 860 skiers honing their skills and 1,740 youth participating in outdoor adventure programs. Moreover, Loppet Cycle Works and Loppet Running 365 serve numerous individuals in mountain biking and running programs, respectively. The Loppet Foundation also collaborates with local parks and recreation boards to create and improve world-class outdoor facilities.


Official website here: www.loppet.org

Who is the CEO of The Loppet Foundation Inc?

Claire Wilson is the President of The Loppet Foundation Inc.


Official website here: www.loppet.org

What is the revenue of The Loppet Foundation Inc?

The Loppet Foundation Inc's revenue in 2022 was $5,079,895.


Official website here: www.loppet.org

Who are the executives of The Loppet Foundation Inc and what are their salaries?

The average compensation at The Loppet Foundation Inc during 2022 was $6,492. There are 270 employees and 1,800 volunteers at The Loppet Foundation Inc.

Here are 9 key members and their salaries:

    Claire Wilson (Executive Director)
  • Compensation: $0
  • Related: $104,555
  • Other: $0

    • Jonathan Van Horn (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Evelena Hillman (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Trachtman (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tricia Conroy (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mindy Benton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Penelope Pate Greene (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mia Greene (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Mckinney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.loppet.org

    Where can I find the form 990 for The Loppet Foundation Inc?

    The The Loppet Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.loppet.org

    Learn more at the official website: www.loppet.org

    Mission Statement of The Loppet Foundation Inc

    The Loppet Foundation, a renowned organization, is committed to connecting people with the outdoors through experiences that foster community growth. Their mission is centered around creating opportunities that bring individuals closer to nature, thereby strengthening community bonds. The foundation achieves this through a variety of year-round events, which highlight the abundant natural spaces in Minneapolis.

    By organizing these events, The Loppet Foundation encourages participation from nearly 20,000 individuals each year. Furthermore, the foundation relies on over 1,000 volunteers to help make these events possible, emphasizing the community spirit that underpins their activities.

    Beyond events, The Loppet Foundation also provides opportunities for athletic growth through Loppet Sport. This program offers year-round training opportunities for individuals aged 7 to 107, ensuring that everyone has the chance to reach their full potential. The foundation's commitment to nurturing talent is evident in the success of its Nordic racing program, which saw over 860 skiers improve their skills under the guidance of certified coaches.

    In addition to athletic development, The Loppet Foundation also focuses on outdoor recreation. Working in partnership with the Minneapolis Park and Recreation Board, they create, improve, and operate world-class facilities for outdoor recreation. In the 2022 financial year, they sold over 10,190 season ski passes, marking a significant achievement for the foundation.

    In summary, The Loppet Foundation's mission is to connect people with the outdoors through experiences that build community, as evidenced by their year-round events, athletic training programs, and partnerships for outdoor recreation. Their activities not only bring individuals closer to nature but also foster a sense of community and camaraderie.

    Impact

    This information is meant to be a general summary of The Loppet Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Loppet Foundation Inc's impact is significant in connecting people to the outdoors through experiences that grow community. In FY22, nearly 20,000 people participated in Loppet events, showcasing the organization's ability to engage a large number of individuals in outdoor activities. Additionally, over 1,000 volunteers contributed their time and talents to make these events possible, highlighting the community-driven nature of the foundation.

    Furthermore, Loppet Sport provided training opportunities for athletes of all ages, with over 860 skiers benefiting from top-notch coaching instruction in Loppet Nordic Racing. The Trail Kids program engaged 1,740 youth in various outdoor activities, promoting physical, mental, and social well-being through outdoor adventures. Loppet Cycle Works served 333 youth and adults in mountain biking programs, while Loppet Running 365 catered to 87 individuals in running programs.

    The foundation's Trails and Recreation team, in partnership with the Minneapolis Park and Recreation Board, worked to create and operate world-class facilities for outdoor recreation. For instance, more than 10,190 season ski passes were sold in FY22, marking the highest number ever for the sixth consecutive year. Taking over snowmaking from the MPRB further solidified the Loppet Foundation's commitment to providing exceptional outdoor experiences for the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27,594
  • Program Service Revenue: $2,906,183
  • Gross Receipts: $5,280,620

    • Assets and Liabilities:
  • Total Assets: $5,813,568
  • Total Liabilities: $817,514
  • Net Assets: $4,996,054
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    REGISTRATION

    Revenue

    $1,395,376

    SALES

    Revenue

    $1,090,337

    FACILITIES AND EQUIPME

    Revenue

    $264,756

    MERCHANDISE SALES

    Revenue

    $81,069

    OTHER

    Revenue

    $52,939

    Organization Details

    Founding Year

    1993

    Principal Officer

    Claire Wilson

    Main Address

    1301 THEODORE WIRTH PKWY, MINNEAPOLIS, MN, 55422

    NTEE Category

    Code: N68 - Recreation

    If you are a representative of The Loppet Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.