Exodus Financial Services: FY2020 Nonprofit Profile & Form 990 (EIN 47-1706853)

Anne Leland Clark’s $120K as Executive Director is at the 54th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Anne Leland Clark	$120,425	$105,326	$95,809	$85,881	—	—
Sara Nelson-Pallmeyer	—	—	—	$11,442	$73,541	$69,458

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Refinances payday loan debt with no interest or fees for those trapped.

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1 program · $305K · in their own filed words · FY2020

01

In 2020, exodus lending had 84 enrollments and refinanced $71,926 of predatory debt. In doing so, we estimate our program saved participants $220,612, assuming these participants would have otherwise remained in the debt trap for a year. Additionally, in 2020, 103 participants paid off their exodus lending loans.

$305Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Greater Twin Cities United WayFY2025$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$536K

Ln 12

Gifts and grantsLn 1h$536K

Investment incomeLn 3$2K

Money outPt IX

$376K

Ln 25

Programscol B$305K

Managementcol C$32K

Fundraisingcol D$39K

Owns and owesPt X

$404K

net assets · Ln 32

Cash and savingsLn 1–2$516K

Total assetsLn 16$574K

LiabilitiesLn 26$170K

PeoplePt VI, VII

11

listed · VII A

PaidVII A1

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$536K

Government grantsLn 1e$34K

Fundraising eventsLn 1c$32K

Investment incomeLn 3$2K

Total revenueLn 12$536K

Assets in detailPt X, end of year

CashLn 1$114K

SavingsLn 2$401K

Cash and savings togetherLn 1–2$516K

Total assetsLn 16$574K

LiabilitiesLn 26$170K

Net assetsLn 32$404K

OperationsPt I, VI

EmployeesI 513

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$264K	$516K
Total assetsLn 16	$344K	$574K
LiabilitiesLn 26	$100K	$170K
Net assetsLn 32	$244K	$404K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$84K	$52K	$16K	$16K
Other salaries and wagesLn 7	$110K	$87K	$10K	$14K
Other employee benefitsLn 9	$9K	$7K	$934	$1K
Payroll taxesLn 10	$15K	$10K	$2K	$2K
Accounting feesLn 11c	$1K		$1K
Other fees for servicesLn 11g	$2K	$2K	$256	$314
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$4K	$2K	$413	$2K
Information technologyLn 14	$13K	$11K	$586	$1K
OccupancyLn 16	$8K	$6K	$926	$1K
TravelLn 17	$135	$100	$16	$19
InterestLn 20	$205	$152	$24	$29
InsuranceLn 23	$1K	$1K	$161	$197
Other expenses (24a–d)Ln 24	$126K	$124K	$152	$1K
All other expensesLn 24e	$45			$45
Total functional expensesLn 25	$376K	$305K	$32K	$39K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$871K	$1.3M	−$385K	$4.3M	990 PDF
FY2024	$5.0M	$765K	$4.2M	$4.6M	990 PDF
FY2023	$423K	$667K	−$244K	$427K	990 PDF
FY2022	$584K	$464K	$120K	$670K	990 PDF
FY2021	$464K	$319K	$146K	$550K	990 PDF
FY2020 Viewing	$536K	$376K	$160K	$404K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $536,309 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $269,011$536,187

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $501$1,851

I-11 Other revenuePrior year −$449−$1,729

I-12 Total revenuePrior year $269,063$536,309

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $175,174$217,382

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $60,522$158,672

I-18 Total expensesPrior year $235,696$376,054

I-19 Revenue less expensesPrior year $33,367$160,255

Part VI · Governance 10 of 10 board members independent, no flags

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $536,309 across 7 lines filed

VIII-1c Fundraising events$31,748

VIII-1e Government grants$33,961

VIII-1f All other contributions, gifts and grants$470,478

VIII-1h Total contributions, gifts and grants$536,187

VIII-3 Investment incomeExcluded from tax $1,851$1,851

VIII-8 Net income from fundraising eventsExcluded from tax −$1,729−$1,729

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $122$536,309

Part IX · Statement of functional expenses $376,054 across 15 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $51,897 · Management $15,720 · Fundraising $16,035$83,652

IX-7 Other salaries and wagesPrograms $87,025 · Management $9,619 · Fundraising $13,711$110,355

IX-9 Other employee benefitsPrograms $6,693 · Management $934 · Fundraising $1,200$8,827

IX-10 Payroll taxesPrograms $10,422 · Management $1,897 · Fundraising $2,229$14,548

IX-11c Accounting feesManagement $1,250$1,250

IX-11g Other fees for servicesPrograms $1,630 · Management $256 · Fundraising $314$2,200

IX-12 Advertising and promotionPrograms $2,846$2,846

IX-13 Office expensesPrograms $2,473 · Management $413 · Fundraising $1,559$4,445

IX-14 Information technologyPrograms $10,848 · Management $586 · Fundraising $1,138$12,572

IX-16 OccupancyPrograms $5,891 · Management $926 · Fundraising $1,133$7,950

IX-17 TravelPrograms $100 · Management $16 · Fundraising $19$135

IX-20 InterestPrograms $152 · Management $24 · Fundraising $29$205

IX-23 InsurancePrograms $1,023 · Management $161 · Fundraising $197$1,381

IX-24 Other expenses (24a–d)Programs $124,375 · Management $152 · Fundraising $1,116$125,643

IX-24e All other expensesFundraising $45$45

IX-25 Total functional expensesPrograms $305,375 · Management $31,954 · Fundraising $38,725$376,054

Part X · Balance sheet $574,419 assets, 9 lines filed

Asset lines not itemized here account for $58,891; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $118,722$114,400

X-2 Savings and temporary cash investmentsStart of year $145,578$401,128

X-16 Total assetsStart of year $344,164$574,419

X-24 Unsecured notes and loans payableStart of year $100,000$170,000

X-26 Total liabilitiesStart of year $100,000$170,000

X-27 Net assets without donor restrictionsStart of year $243,684$404,319

X-28 Net assets with donor restrictionsStart of year $480$100

X-32 Total net assets or fund balancesStart of year $244,164$404,419

X-33 Total liabilities and net assetsStart of year $344,164$574,419

Part XI · Reconciliation of net assets $404,419 net assets at year end

XI-1 Total revenue$536,309

XI-2 Total expenses$376,054

XI-3 Revenue less expenses$160,255

XI-4 Net assets at start of year$244,164

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$404,419

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Exodus Financial Services FY2020 filing

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