2025-01-16T10:53:41-06:00 2024-03-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-04-01 824416326 LOPPET ADVENTURES LOPP 6129004498 1221 THEODORE WIRTH PARKWAY GOLDEN VALLEY MN 55422 MEGHAN COSGROVE EXECUTIVE DIRECTOR 6129004498 2025-01-15 1 1 MARC A KOTSONAS P00544551 6512276695 2025-01-15 2023 2024-10-15 13:58:12Z MEGHAN COSGROVE 1221 THEODORE WIRTH PARKWAY GOLDEN VALLEY MN 55422 6000 0 X WWW.LOPPET.ORG X 2017 MN WE CREATE ONRAMPS TO OUTDOOR ACTIVITY FOR PEOPLE OF ALL BACKGROUNDS, AGES, AND ABILITIES. 9 9 293 100 0 0 0 0 0 0 0 0 12000 6000 12000 6000 0 0 0 0 183705 554373 0 0 0 71475 114172 255180 668545 -243180 -662545 398104 489380 3644804 3857191 -3246700 -3367811 LOPPET ADVENTURES CREATES ONRAMPS TO OUTDOOR ACTIVITY FOR PEOPLE OF ALL BACKGROUNDS, AGES, AND ABILITIES. 0 0 668545 LOPPET ADVENTURES PROGRAMS CREATE OPPORTUNITIES FOR PEOPLE OF ALL AGES AND ABILITIES TO GET OUTSIDE AND ACTIVE, CONNECTING PEOPLE TO EXPERIENCES THAT GROW COMMUNITY.IN FY24:-AROUND 1100 ELEMENTARY STUDENTS WERE ABLE TO CROSS COUNTRY SKI THROUGH MINNE LOPPET PROGRAM- ALMOST 100 NORTH MINNEAPOLIS MIDDLE SCHOOLERS WERE SERVED THROUGH THE JUNIOR LOPPET AFTER-SCHOOL PROGRAM - EACH SPENDING TWO TO THREE DAYS A WEEK PARTICIPATING IN YEAR-ROUND OUTDOOR RECREATION- OVER 375 YOUTH CAMPERS AGES 8-13 ATTENDED WEEK-LONG LOPPET WINTER AND SUMMER ADVENTURECAMPS 668545 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 293 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6129004498 1221 THEODORE WIRTH PARKWAY GOLDEN VALLEY 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 TRICIA CONROY SECRETARY 1.00 1.00 X X 0 0 0 TOM TRACHTMAN TREASURER 1.00 1.00 X X 0 0 0 JAMES ARCHER BOARD MEMBER 1.00 1.00 X 0 0 0 PENELOPE PATE GREENE BOARD MEMBER 1.00 1.00 X 0 0 0 CELIA BOREN BOARD MEMBER 1.00 1.00 X 0 0 0 CALISTA ANDERSON BOARD MEMBER 1.00 1.00 X 0 0 0 CLAY RUDOLPH BOARD MEMBER 1.00 1.00 X 0 0 0 NICHOL HANDLER BOARD MEMBER 1.00 1.00 X 0 0 0 MIA GREENE BOARD MEMBER 1.00 1.00 X 0 0 0 KRIS LARSON BOARD MEMBER 1.00 1.00 X 0 0 0 MINDY BENTON BOARD MEMBER 1.00 1.00 X 0 0 0 VERONICA URDANETA BOARD MEMBER 1.00 1.00 X 0 0 0 BILL MCKINNEY BOARD MEMBER 1.00 1.00 X 0 0 0 JORGE SAAVEDRA BOARD MEMBER 1.00 1.00 X 0 0 0 CLAIRE WILSON EXECUTIVE DIRECTOR 1.00 39.00 X 110583 0 900 110583 0 900 1 0 0 0 0 6000 0 6000 6000 6000 6000 6000 0 0 139120 139120 371966 371966 43287 43287 27200 27200 180 180 76257 76257 10535 10535 668545 668545 0 0 75351 106101 542526 159247 322753 383279 398104 489380 44708 245936 3600096 3611255 3644804 3857191 X -3246700 -3367811 -3246700 -3367811 398104 489380 X -662545 541434 X X 0 1 X 1 0 X 210402 424800 514344 1149546 210402 424800 514344 1149546 1149546 1149546 756918 1.00000 0.96710 X 445803 70254 375549 13052 13052 0 83671 75941 7730 383279 X PART X, LINE 2: LOPPET ADVENTURES 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 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 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 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFERS FROM THE LOPPET FOUNDATION 541,434. FORM 990, PAGE 12, PART XII, LINE 2C LOPPET ADVENTURES HAS A COMMITTE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE LOPPET FOUNDATION 1301 THEODORE WIRTH PKWY MINNEAPOLIS MN 55422 411753882 OUTDOOR RECREATION MN 501(C)(3) LINE 7 N/A 0 0 1 0 0 1 0 0 0 0 1 0 0 1 1 1 0 0 0 1 THE LOPPET FOUNDATION B 547434 COST THE LOPPET FOUNDATION E 3611255 COST