Exodus Financial Services: FY2023 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.

See Exodus Financial Services executive salaries →

Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2Yes
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 · $554K · in their own filed words · FY2023

01

In 2023, exodus lending had 141 enrollments and refinanced $151,000 of predatory debt. In doing so, we estimate our program saved participants $505,000, assuming these participants would have otherwise remained in the debt trap for a year. Additionally, in 2023, 23 participants paid off their exodus lending loans.

$554Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$423K

Ln 12

Gifts and grantsLn 1h$412K

Investment incomeLn 3$13K

Money outPt IX

$667K

Ln 25

Programscol B$554K

Managementcol C$61K

Fundraisingcol D$52K

Owns and owesPt X

$427K

net assets · Ln 32

Cash and savingsLn 1–2$476K

Total assetsLn 16$631K

LiabilitiesLn 26$204K

PeoplePt VI, VII

13

listed · VII A

PaidVII A1

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$412K

Government grantsLn 1e$28K

Fundraising eventsLn 1c$25K

Investment incomeLn 3$13K

Total revenueLn 12$423K

Assets in detailPt X, end of year

CashLn 1$70K

SavingsLn 2$407K

Cash and savings togetherLn 1–2$476K

Pledges and grants receivableLn 3$13K

Notes and loans receivableLn 7$134K

Prepaid expenses and deferred chargesLn 9$8K

Total assetsLn 16$631K

LiabilitiesLn 26$204K

Net assetsLn 32$427K

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 FY23	End FY23
Cash and savingsLn 1–2	$616K	$476K
Total assetsLn 16	$843K	$631K
LiabilitiesLn 26	$172K	$204K
Net assetsLn 32	$670K	$427K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$104K	$63K	$21K	$21K
Other salaries and wagesLn 7	$281K	$245K	$15K	$21K
Other employee benefitsLn 9	$31K	$27K	$2K	$2K
Payroll taxesLn 10	$29K	$25K	$2K	$2K
Accounting feesLn 11c	$2K		$2K
Other fees for servicesLn 11g	$94K	$78K	$16K	$664
Advertising and promotionLn 12	$11K	$11K	$282	$10
Office expensesLn 13	$6K	$4K	$406	$2K
Information technologyLn 14	$31K	$28K	$1K	$2K
OccupancyLn 16	$10K	$8K	$611	$747
TravelLn 17	$5K	$4K	$690	$189
Conferences, conventions and meetingsLn 19	$129	$107	$10	$12
InterestLn 20	$500	$500
InsuranceLn 23	$3K	$3K	$257	$315
Other expenses (24a–d)Ln 24	$60K	$59K	$596	$215
Total functional expensesLn 25	$667K	$554K	$61K	$52K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Aug 26, 2026	$871K	$1.3M	−$385K	$4.3M	990 PDF
FY2024Filed with the IRS Aug 21, 2025	$5.0M	$765K	$4.2M	$4.6M	990 PDF
FY2023 ViewingFiled with the IRS Sep 6, 2024	$423K	$667K	−$244K	$427K	990 PDF
FY2022Filed with the IRS May 8, 2023	$584K	$464K	$120K	$670K	990 PDF
FY2021Filed with the IRS Jul 11, 2022	$464K	$319K	$146K	$550K	990 PDF
FY2020Filed with the IRS May 10, 2021	$536K	$376K	$160K	$404K	990 PDF

Schedules filed Part IV

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

See the full FY2023 990 (6 parts)

Part I · Summary $423,454 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $584,689$412,179

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $3,015$12,741

I-11 Other revenuePrior year −$4,009−$1,466

I-12 Total revenuePrior year $583,695$423,454

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 $334,266$446,069

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

I-17 Other expensesPrior year $129,333$221,260

I-18 Total expensesPrior year $463,599$667,329

I-19 Revenue less expensesPrior year $120,096−$243,875

Part VI · Governance 12 of 12 board members independent, 1 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-2 Family or business relationship among officers or directorsYes

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 $423,454 across 7 lines filed

VIII-1c Fundraising events$24,814

VIII-1e Government grants$28,048

VIII-1f All other contributions, gifts and grants$359,317

VIII-1h Total contributions, gifts and grants$412,179

VIII-3 Investment incomeExcluded from tax $12,741$12,741

VIII-8 Net income from fundraising eventsExcluded from tax −$1,466−$1,466

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,275$423,454

Part IX · Statement of functional expenses $667,329 across 15 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $62,551 · Management $20,850 · Fundraising $20,850$104,251

IX-7 Other salaries and wagesPrograms $244,573 · Management $15,166 · Fundraising $21,161$280,900

IX-9 Other employee benefitsPrograms $27,341 · Management $1,699 · Fundraising $2,406$31,446

IX-10 Payroll taxesPrograms $25,483 · Management $1,794 · Fundraising $2,195$29,472

IX-11c Accounting feesManagement $1,550$1,550

IX-11g Other fees for servicesPrograms $77,552 · Management $15,818 · Fundraising $664$94,034

IX-12 Advertising and promotionPrograms $10,706 · Management $282 · Fundraising $10$10,998

IX-13 Office expensesPrograms $3,660 · Management $406 · Fundraising $1,720$5,786

IX-14 Information technologyPrograms $27,955 · Management $1,243 · Fundraising $1,684$30,882

IX-16 OccupancyPrograms $8,422 · Management $611 · Fundraising $747$9,780

IX-17 TravelPrograms $3,756 · Management $690 · Fundraising $189$4,635

IX-19 Conferences, conventions and meetingsPrograms $107 · Management $10 · Fundraising $12$129

IX-20 InterestPrograms $500$500

IX-23 InsurancePrograms $2,758 · Management $257 · Fundraising $315$3,330

IX-24 Other expenses (24a–d)Programs $58,825 · Management $596 · Fundraising $215$59,636

IX-25 Total functional expensesPrograms $554,189 · Management $60,972 · Fundraising $52,168$667,329

Part X · Balance sheet $630,842 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $104,400$69,813

X-2 Savings and temporary cash investmentsStart of year $511,420$406,687

X-3 Pledges and grants receivable$12,866

X-7 Notes and loans receivableStart of year $67,109$133,603

X-9 Prepaid expenses and deferred charges$7,873

X-16 Total assetsStart of year $842,929$630,842

X-17 Accounts payable and accrued expenses$11,788

X-19 Deferred revenue$60,000

X-24 Unsecured notes and loans payableStart of year $172,500$132,500

X-26 Total liabilitiesStart of year $172,500$204,288

X-27 Net assets without donor restrictionsStart of year $468,777$397,554

X-28 Net assets with donor restrictionsStart of year $201,652$29,000

X-32 Total net assets or fund balancesStart of year $670,429$426,554

X-33 Total liabilities and net assetsStart of year $842,929$630,842

Part XI · Reconciliation of net assets $426,554 net assets at year end

XI-1 Total revenue$423,454

XI-2 Total expenses$667,329

XI-3 Revenue less expenses−$243,875

XI-4 Net assets at start of year$670,429

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$426,554

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Exodus Financial Services FY2023 filing

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