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
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Loppet Foundation Inc has achieved a remarkable 97% score from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a 90% score in Accountability & Finance and a perfect score of 100% in Leadership & Adaptability, the foundation demonstrates rigorous oversight and a responsible management structure. The organization has a fully independent board and adheres to excellent financial practices, evidenced by its high program expense ratio and efficient fundraising efforts.
The foundation is dedicated to promoting outdoor recreation and community engagement, particularly in Theodore Wirth Park. Its strategic goals focus on building a vibrant community around outdoor activities, which is a significant strength noted in user feedback. The foundation's comprehensive policies, including conflict of interest and whistleblower protections, further enhance its credibility and commitment to transparency.
While the overall ratings are overwhelmingly positive, an aspect to consider is the financial ratios, which suggest a stable but focused operational scope. The Loppet Foundation maintains a solid liabilities to assets ratio and working capital, indicating sound financial practices. Overall, the organization emerges as a trustworthy entity committed to its mission and community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Loppet Foundation Inc?
86% of 66 reviewers on Facebook recommend The Loppet Foundation Inc. Here is a summary of their reviews:
Overall, participants express a strong appreciation for the events organized by The Loppet Foundation, highlighting enjoyable experiences such as volunteering at the Enchanted Forest. Many commend the atmosphere and the engaging activities offered, including ice lantern making, which contributed to a memorable evening despite less-than-ideal weather conditions.
The sense of community and involvement within the organization resonates positively with volunteers and attendees alike. Users feel that the foundation effectively brings people together and fosters a festive spirit in its programming, reflecting a commitment to its mission and those it serves.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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 1800 volunteers at The Loppet Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.loppet.org
Where can I find the form 990 for The Loppet Foundation Inc?
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.
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Impact
July, 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.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(612) 900-4498Principal Officer
Claire Wilson
Main Address
1301 THEODORE WIRTH PKWY, MINNEAPOLIS, MN, 55422
Website
www.loppet.orgNTEE Category
Code: N68 - Recreation
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