The Loppet Foundation

Legal name: The Loppet Foundation Inc

Nonprofit profile at a glance

EIN
411753882
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Minneapolis, MN, US
Phone
612-604-5330
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Winter Sports

Official website

Reported finances

Revenue
$5,101,505
Expenses
$4,177,332
Assets
$6,484,658
Liabilities
$1,854,692

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JONATHAN VAN HORN (PRESIDENT)
  • EVELENA HILLMAN (VICE PRESIDENT)
  • MEGHAN COSGROVE (EXECUTIVE DIRECTOR)
  • CLAIRE WILSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CLAIRE WILSON (EXECUTIVE DIRECTOR): $119,932 total reported compensation
  • PABLO URRICHE (FINANCE & ADMIN DIRECTOR): $113,247 total reported compensation
  • MEGHAN COSGROVE (EXECUTIVE DIRECTOR): $13,524 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Connecting people to the outdoors through experiences that grow community.

What it reported doing in 2024

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

Operating model

Revenue model
Other-operating. 61% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.9%; rating input score 67
  • Program expense ratio: 81.5%; rating input score 81
  • Fundraising efficiency: $17.28 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.1%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.55; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 8.1% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 70th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 66.9% of revenue deployed · 81.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $120K · 13 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.