The Loppet Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
CONNECTING PEOPLE TO THE OUTDOORS THROUGH EXPERIENCES THAT GROW COMMUNITY.
- Income
- $5.1 million
- Spending
- $4.2 million
- Spent on programs
- 82%
- Reserves
- 10.7 months of spending
- Largest source of income
- fees for its services, 62%
- Employees
- 0
- Volunteers
- 3,400
- Highest pay
- $119,932, executive director
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 79 out of 100. Higher than 55% of charities in its peer group (recreation and sports, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 10.7 months of spending.
Debt
16 of 20It owes 29% of what it owns.
Living within its means
15 of 15Income exceeded spending by 18% of income.
Income trend
5 of 15Income fell 20% on the year before.
Spending floor
15 of 1581% of spending went to programs and raising each dollar of donations cost 6 cents.
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 82% of charities in its peer group (recreation and sports, $1m to $10m).
Independent board
25 of 2510 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $3.4 million spent. 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
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending March 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: The Foundation (Houston, TX), EIN 92-0742101. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.