Loppet Adventures
- Assets
- $445.5k
- Revenue
- $757.8k
- Investments
- $0.0
- Employees
- 248
- Location
- Golden Valley, MN
- Founding
- 04/2018
- Data as of
- 09/2021
- EIN
- 82-4416326
Organization Overview
Loppet Adventures is located in Golden Valley, MN. The organization was established in 2018. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Loppet Adventures employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loppet Adventures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Loppet Adventures generated $757.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $555.2k during the year ending 09/2021. While expenses have increased by 20.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOPPET ADVENTURES CREATES ONRAMPS TO OUTDOOR ACTIVITY FOR PEOPLE OF ALL BACKGROUNDS, AGES, AND ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOPPET ADVENTURES PROGRAMS CREATE OPPORTUNITIES FOR PEOPLE OF ALL AGESAND ABILITIES TO GET OUTSIDE AND ACTIVE, BUILDING SKILLS AND COMMUNITYAROUND SHARED PASSION FOR OUTDOOR ACTIVITY.IN FY21:- AROUND 100 ELEMENTARY SCHOOL STUDENTS WERE ABLE TO GET OUTSIDE THROUGH MOUNTAIN BIKING EVEN WHILE SCHOOLS WERE CLOSED DUE TO COVID-19- ALMOST 100 NORTH MINNEAPOLIS MIDDLE SCHOOLERS WERE SERVED THROUGH THEJUNIOR LOPPET AFTER-SCHOOL PROGRAM - EACH SPENDING MORE THAN 650HOURS DEVELOPING A PASSION FOR YEAR-ROUND OUTDOOR ACTIVITIES.- LOPPET SKI SCHOOL INSTRUCTORS PROVIDED LESSONS TO MORE THAN 2800ADVENTURERS OF ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Aponte Interim Executive Director | Officer | 4 | $65,242 |
Claire Wilson Executive Director | Officer | 4 | $600 |
Tom Trackman Treasurer | OfficerTrustee | 1 | $0 |
Jon Van Horn President | OfficerTrustee | 1 | $0 |
Evelena Hillman Board Member | Trustee | 1 | $0 |
Ed Ryan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $404,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,800 |
| Total Program Service Revenue | $332,953 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,908 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,400 |
| Pension plan accruals and contributions | $3,423 |
| Other employee benefits | $1,443 |
| Payroll taxes | $15,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,812 |
| Advertising and promotion | $0 |
| Office expenses | $8,103 |
| Information technology | $20 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,169 |
| Insurance | $12,528 |
| All other expenses | $0 |
| Total functional expenses | $555,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,174 |
| Savings and temporary cash investments | $12,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,424 |
| Net Land, buildings, and equipment | $355,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $445,525 |
| Accounts payable and accrued expenses | $114,730 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,938,857 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,053,587 |
| Net assets without donor restrictions | -$3,608,062 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $445,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlachen Country Club Edina, MN | $38,666,862 | $19,906,229 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |
Minneapolis Club Inc Minneapolis, MN | $13,677,806 | $3,594,595 |
Spring Hill Golf Club Wayzata, MN | $14,177,799 | $4,336,296 |
Chenequa Country Club Inc Hartland, WI | $8,162,285 | $3,577,706 |
Tuckaway Country Club Inc Franklin, WI | $8,452,752 | $4,849,926 |
Lake Geneva Country Club Fontana, WI | $6,852,229 | $4,168,458 |
West Bend Country Club West Bend, WI | $5,974,564 | $4,364,708 |