2026-08-26T21:01:51-05:00 2025-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2025-01-01 471706853 EXODUS FINANCIAL SERVICES EXOD 6156150067 EQUASPACE 2550 UNIVERSITY AV W 200 SAINT PAUL MN 551141052 ANNE LELAND CLARK EXECUTIVE DIRECTOR 6126150067 2026-08-24 1 ELIZABETH BARCHENGER P01270090 6512276695 2026-08-24 2025 2025-03-06 01:10:19Z EXODUS LENDING ANNE LELAND CLARK EQUASPACE 2550 UNIVERSITY AV W 200 SAINT PAUL MN 551141052 4544553 0 X WWW.EXODUSLENDING.ORG X 2014 MN EXODUS LENDING WORKS WITH FINANCIALLY EXCLUDED MINNESOTANS TO ADVANCE ECONOMIC JUSTICE THROUGH CONSUMER LENDING, COMMUNITY ORGANIZING, AND ADVOCACY. WE AIM TO BREAK THE CYCLE OF FINANCIAL ABUSE, DISINVESTMENT, AND DISTRESS FOR LOW-INCOME COMMUNITIES AND COMMUNITIES OF COLOR WHICH THE CURRENT CREDIT AND BANKING SYSTEM EXCLUDES, EXPLOITS, AND ENTRAPS AT AN ALARMING RATE. OUR VISION IS TO EXPAND ACCESS TO SMALL DOLLAR-STABILIZING CAPITAL FOR FINANCIALLY EXCLUDED AND EXTRACTED MINNESOTANS WHILE BUILDING COMMUNITY POWER AND AGENCY TO PREVENT AND ELIMINATE PREDATORY LENDING SCHEMES IN OUR STATE AND NATION. WE DO THIS BY PROVIDING IMMEDIATE RELIEF TO MINNESOTANS EXPERIENCING FINANCIAL STRESS OR TRAUMA THROUGH ONE OF OUR 0% INTEREST CONSUMER SMALL-DOLLAR LOANS AND INVITING IMPACTED COMMUNITIES INTO OUR ADVOCACY AND ORGANIZING COALITION, MINNESOTANS FOR CONSUMER FINANCIAL PROTECTION. 11 11 13 15 0 0 4796589 710374 0 0 191881 176542 0 -16049 4988470 870867 0 0 0 0 554056 824796 0 24000 177566 211214 407142 765270 1255938 4223200 -385071 4976089 4487879 354053 226267 4622036 4261612 X EXODUS LENDING WORKS WITH FINANCIALLY EXCLUDED MINNESOTANS TO ADVANCE ECONOMIC JUSTICE THROUGH CONSUMER LENDING, COMMUNITY ORGANIZING, AND ADVOCACY. 0 0 864997 OUR REFINANCING LOAN PROGRAM HAS BEEN PAYING OFF HIGH-COST DEBT FOR MINNESOTANS SINCE 2015. IN 2025, WE PAID OFF 138 LOANS WITH AN AVERAGE APR OF 260% FOR 98 MINNESOTANS! OUR REPAYMENT PLANS ARE ALWAYS INTEREST-FREE, AND, BY OUR ESTIMATES, WE HAVE SAVED MORE THAN $500K FOR MINNESOTAN COMMUNITIES THIS YEAR ALONE. ALONGSIDE OUR FLAGSHIP PREDATORY DEBT REFINANCING PROGRAM, EXODUS LENDING COLLABORATES WITH NON-PROFITS THROUGHOUT MINNESOTA TO PROVIDE 0% INTEREST PERSONAL LOANS OF UP TO $1,200 TO QUALIFIED INDIVIDUALS ENGAGED IN THESE PARTNERING ORGANIZATIONS' EXISTING PROGRAMMING. WE CALL THESE OUR RESILIENCY LOANS BECAUSE THEY ARE INTENTIONALLY DESIGNED TO PROVIDE INDIVIDUALS MEANINGFUL ACCESS TO AFFORDABLE CREDIT - AND ULTIMATELY STOP PEOPLE FROM TURNING TO HIGH-COST LOANS IN THE FIRST PLACE. IN 2025, WE MADE 119 RESILIENCY LOANS, DISTRIBUTING OVER $143,000 IN INTEREST-FREE LOANS TO MINNESOTANS. BY OFFERING LOANS EXCLUSIVELY THROUGH TRUSTED PARTNERS, WE DEEPEN OUR COLLECTIVE IMPACT BY CREATING A COLLABORATIVE MODEL OF CONSUMER LENDING THAT MEETS PEOPLE WHERE THEY ARE AND SUPPORTS THEM EVERY STEP OF THE WAY.ONE OF OUR GOALS FOR THE YEAR WAS TO HAVE MORE FREQUENT, BUT SMALLER EVENTS TO BUILD COMMUNITY AND SOLICIT MORE INPUT FROM MINNESOTA CONSUMERS AROUND OUR ADVOCACY AND SYSTEMS CHANGE WORK. IN 2025, WE HOSTED FOUR IN-PERSON LISTENING SESSIONS ACROSS THE STATE WITH VARIOUS PARTNERS TO BRING CONSUMERS TOGETHER TO LEARN MORE ABOUT THEIR OPINIONS AND EXPERIENCES WITH PAYDAY LOAN APPS OR EARNED WAGE ACCESS (EWA) APPS TO INFORM OUR ADVOCACY AGENDA FOR 2026. 864997 1 1 0 1 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 13 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X ANNE LELAND CLARK 6126150067 2550 UNIVERSITY AVENUE W STE 200N SAINT PAUL MN 55105 MICHAEL STEELE TREASURER 3.00 X X 0 0 0 ANNA BRELJE DIRECTOR 1.50 X 0 0 0 ADAM FAITEK SECRETARY 2.50 X X 0 0 0 VIENNA WILSON PRESIDENT 2.50 X X 0 0 0 MELISSA JULIETTE DIRECTOR 1.50 X 0 0 0 RYAN SMITH DIRECTOR 1.50 X 0 0 0 SHAMINA HILDRETH DIRECTOR 1.50 X 0 0 0 KIMBERLY MILLER VICE PRESIDENT 2.50 X X 0 0 0 NYACHOAT KIER DIRECTOR 1.50 X 0 0 0 SOPHIA LENARZ-COY DIRECTOR 1.50 X 0 0 0 JAMES UNGLAUBE DIRECTOR 1.50 X 0 0 0 DAVID WALTERS DIRECTOR 1.50 X 0 0 0 TYRIZE COX DIRECTOR 1.50 X 0 0 0 ANNE LELAND CLARK EXECUTIVE DIRECTOR 40.00 X 120425 0 7364 120425 0 7364 1 0 0 0 0 48909 369467 291998 710374 157410 157410 3668072 3648940 19132 19132 19132 8697 48909 24746 -16049 -16049 870867 0 0 160493 127790 38337 63895 25558 582598 445963 43340 93295 58190 46417 4259 7514 56218 40642 10641 4935 18000 18000 24000 24000 89734 69424 9477 10833 6254 5752 326 176 4848 2859 257 1732 71798 40358 27792 3648 22730 17164 2325 3241 20693 18138 1368 1187 1592 738 63 791 5270 5270 PROVISION FOR LOAN LOSS 124020 124020 MISC EXPENSES 27027 1034 25906 87 LOAN MANAGEMENT EXPENSE 10520 10520 STAFF DEVELOPMENT 4656 3631 456 569 1255938 864997 213375 177566 148250 49510 103252 207281 109775 2883 161452 223894 18533 28323 4375172 3937371 59655 38617 4976089 4487879 19042 21838 175999 78065 100124 87500 58888 38864 354053 226267 X 4221395 3969945 400641 291667 4622036 4261612 4976089 4487879 -385071 24647 0 X X 0 1 X 1 0 X 463198 584689 412179 4796589 710374 6967029 463198 584689 412179 4796589 710374 6967029 482867 6484162 2341 3015 12741 201166 157410 376673 7343702 0.88300 0.92630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 427 427 1255511 1255938 200594 50149 0 0 125099 139791 200594 465484 698226 36258 3299 427 39984 31275 34948 50149 116372 174558 10366 2233 12599 0 0 0 OPERATING LEASE LIABILITY 38864 38864 X 951031 24647 55517 80164 870867 0 870867 1311455 55517 55517 1255938 0 1255938 PART X, LINE 2: EXODUS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND ACCORDINGLY, DOES NOT HAVE AN UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X X X X X 1 HOLISTIC GRANTS 5017 PORTLAND AVENUE MINNEAPOLIS MN 55417 GRANT WRITING AND MANAGEMENT SERVICES 0 0 24000 -24000 24000 -24000 CREDIT TO OUR COMMUNITY: CELEBRATIN 57606 48909 8697 17639 7107 57606 48909 8697 17639 7107 24746 -16049 FORM 990, PART VI, SECTION A, LINE 4 AMENDED AND RESTATED BYLAWS IN 2025. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT VIAL EMAIL TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE BOARD'S FINANCE AND EXECUTIVE COMMITTEES ARE REQUIRED TO COMPLETE A THOROUGH REVIEW AND DISCUSS AT THEIR RESPECTIVE COMMITTEES BEFORE A FINAL DISCUSSION AT A BI-MONTHLY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD DISCUSSES ANY CONFLITCS OF INTEREST THAT INDIVIDUAL BOARD MEMBERS MAY HAVE ANNUALLY, USUALLY BEFORE OR AT THE ANNUAL BOARD RETREAT AND ENSURES NOTHING IS VOTED ON BY A BOARD MEMBER WITH A CONFLICT OF INTEREST IN THE PARTICULAR ISSUE. ALL NEW BOARD MEMBERS MUST REVIEW AND COMPLETE THE CONFLICT OF INTEREST FORM BEFORE BEGINNING THEIR SERVICE. FORM 990, PART VI, SECTION B, LINE 15A MEMBERS OF THE EXECUTIVE COMMITEE OF THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR AND USES THE ORGANIZATION'S MARKET-BASED SALARY STRUCTURE AND COMPENSATION PHILOSOPHY TO MAKE COMPENSATION DECISIONS. EXODUS LENDING USES AN INDEPENDENT NONPROFIT HR CONSULTING COMPANY CALLED MRA TO DO MARKET COMPENSATION ANALYSIS WHEN POSITIONS CHANGE OR NEW POSITIONS ARE CREATED. ANY CHANGE IN COMPENSATION IS BROUGHT TO AND APPROVED BY THE FULL BOARD FOR A VOTE. OFFICERS OTHER THAN THE EXECUTIVE DIRECTOR ARE NOT COMPENSATED. OTHER KEY EMPLOYEES' COMPENSATION AMOUNTS WERE SIMILARLY BASED ON THE ORGANIZATIONAN'S COMPENSATION STRUCTURE AND PHILOSOPHY THAT IS INCLUDED IN THE EMPLOYEE HANDBOOK AND UPDATED ANNUALLY FOR MARKET COMPETITIVENESS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.