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Minnesota · Nonprofit

THE LOPPET FOUNDATION INC

THE LOPPET FOUNDATION INC (Minnesota) receives grants from 69 organizations whose IRS filings report $5,128,379 to it, the largest being THE JAKET FOUNDATION ($1,541,878). 40 of them have funded it in more than one year.

Revenue FY2025
$5.1M
Funders on record
69
Grants received
$5.1M
Net assets
$4.6M
40/69 repeat funderspeak grant-dependency 31%
01What it does

What The Loppet Foundation Inc does

Mission

Connecting people to the outdoors through experiences that grow community.

As stated on its FY2025 Form 990.

Program

  1. Fy23 facts: more than 30,000 people participated in a loppet event.the loppet hosted the 2024 stifel loppet cup that brought the worlds best cross country skiers to wirth park and had 40,000 spectators over the course of the weekend- more than 2,500 volunteers gave their time and talents to help make loppet events possible.loppet sport:loppet sport provides year-round opportunities for youth and adults ages 7 to 107 to reach their full potential in the outdoorsfy23 facts:- loppet ski lesson instructors provided lessons to more than 3600 adventurers of all ages.- more than 1,500 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 300 youth and adults in beginner to advanced mountainbikingloppet sport added paddling and outdoor art programs to offer additional opportunities in 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 outdoor recreation.fy23 facts:- between 22-23 and 23-24 winters, over 15,500 annual ski…

    $6,331,468 spent$3,692,012 earned by the program
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $6,331,468.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($3.6M) Expenses 100 ($2.7M) Net assets 100 ($4.2M)2018 Revenue 142 ($5.1M) Expenses 323 ($8.6M) Net assets 51 ($2.1M)2019 Revenue 100 ($3.6M) Expenses 126 ($3.4M) Net assets 57 ($2.4M)2020 Revenue 112 ($4.0M) Expenses 134 ($3.6M) Net assets 66 ($2.8M)2021 Revenue 90 ($3.2M) Expenses 100 ($2.6M) Net assets 84 ($3.5M)2022 Revenue 142 ($5.1M) Expenses 132 ($3.5M) Net assets 120 ($5.0M)2023 Revenue 94 ($3.4M) Expenses 86 ($2.3M) Net assets 138 ($5.7M)2024 Revenue 178 ($6.4M) Expenses 264 ($7.0M) Net assets 109 ($4.5M)2025 Revenue 142 ($5.1M) Expenses 157 ($4.2M) Net assets 111 ($4.6M)
'17'18'19'20'21'22'23'24'25
Revenue (142)Expenses (157)Net assets (111)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $5.0M to $5.8M (+17%).

$4.7M
$4.1M
$4.5M
$4.9M
$5.0M
$5.8M
$6.6M
$6.6M
$6.5M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 2% · 2019 3% · 2020 2% · 2021 1% · 2022 1% · 2024 2% · 2025 7%. Grants only. Government contracts and fees sit inside program revenue.

38% of THE LOPPET FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (13% for the typical peer).

This organization
Typical peer · 2,898 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$921k
’17
−$3.5M
’18
$240k
’19
$452k
’20
$569k
’21
$1.6M
’22
$1.1M
’23
−$644k
’24
$924k
’25
7.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed1413131299121713
Joined·+1+0+2+3+3+4+6+4
No longer listed·20363118
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 16 funders to 24 funders, grant income rose $317k → $1.1M.

17 of 69 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE LOPPET FOUNDATION INC’s funders (the co-funder graph). Top 30 of 69 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE LOPPET FOUNDATION INC leans on a few funders — its largest provides 30% of grant income and the top three 60%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

57% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE LOPPET FOUNDATION INC.

30%
largest funder
60%
top three
~7
effective funders

Largest funder’s share by year: 2017 32% · 2018 28% · 2019 46% · 2020 31% · 2021 21% · 2022 59% · 2023 47% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

42% of THE LOPPET FOUNDATION INC's funders are still giving 3 years after their first grant; 58% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE LOPPET FOUNDATION INC draws 77% of its grant income from funders outside Minnesota, across 16 states in all.

WA
MT
MN
IL
WI
NY
MA
SD
PA
RI
CA
CO
MO
VA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $2.1M arriving through sponsors registered in 13 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE LOPPET FOUNDATION INC runs a healthier operating margin than three-quarters of the 1,767 recreation & sports nonprofits its size.

Operating margin18% · top quartile
Months of reserve7.5mo · above the median
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 1,767 recreation & sports nonprofits $1M–$10M, FY2025

Organizations like THE LOPPET FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

81% of spending goes to programs.

Program 81%Management 16%Fundraising 3%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

79%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Part of a family of 1 related entity

  • Loppet Adventures · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE LOPPET FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE LOPPET FOUNDATION INC?
THE LOPPET FOUNDATION INC (Minnesota) receives grants from 69 organizations whose IRS filings report $5,128,379 to it, the largest being THE JAKET FOUNDATION ($1,541,878). 40 of them have funded it in more than one year.
How many funders does THE LOPPET FOUNDATION INC have?
IRS filings report 69 organizations giving $5,128,379 in grants to THE LOPPET FOUNDATION INC, 40 of which have funded it in more than one year.
Who is the largest funder of THE LOPPET FOUNDATION INC?
THE JAKET FOUNDATION is the largest funder on record, with $1,541,878 in grants. The full list of funders is on this page.
How can an organization like THE LOPPET FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 69 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing