Exodus Lending

Mission Statement

Exodus Lending is a nonprofit dedicated solely to providing trapped Minnesotan borrowers a just pathway out of payday loan debt and toward financial stability.

Impact and Programs

Accomplishments On behalf of enrolled Minnesotans, Exodus Lending pays off up to $1,000 of payday, title, or online installment loan debt carrying more than 36% interest. In 2019, we had 151 enrollments and refinanced a total of $106,564.05. Our program saved participants an estimated $323,168.82, assuming they would have otherwise remained in the payday loan debt trap for a year. Additionally, last year 49 program graduates successfully paid off their Exodus Lending loans. After completing the program, 92% of survey respondents felt they were more equipped today to be financially successful or healthy than before they joined Exodus Lending.
Current Goals Exodus Lending’s broader goal is to help as many Minnesotans as possible break free from predatory debt. In 2020, our goal is to enroll 200 participants (a 33% increase from 2019).
Community or Constituency Served We serve Minnesota residents who have a steady source of income, a bank account, and have been stuck in the payday loan debt trap for at least 30 days.
Geographic Area Served Exodus Lending refinances payday loans for all residents of Minnesota.

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their website, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
Major Program Expenses
Refinancing Payday Loans:
3 Year Average Expenses
Program Services
Unrestricted Net Assets
End of Year:
Beginning of Year:

Notes from the Council

Organization Last Reviewed on 11/21/2018

This date is representative of when we completed our initial Accountability Wizard® nonprofit review, and provided the organization with their results. This review is good for three years from the date provided
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2380 Wycliff Street
St. Paul, Minnesota 55114
Phone: 612-615-0067

General Information

Alternative Name: Exodus Financial Services
EIN: 47-1706853
Principal Staff: Sara Nelson-Pallmeyer
Number of Full-Time Equivalents (FTE): 4
Volunteer Opportunities: Yes
Number of Clients: 150
Ruling Year: 2017


Board Chair: Eric Howard
Number of Board Members: 12
Board Meetings with Quorum: 17
Average Member Attendance: 8.6

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Charities Review Council

Our mission is building donor and nonprofit relationships for strong, vibrant and just communities. We envision healthy communities for all, benefiting from effective and trustworthy nonprofits that are supported by a well-informed public’s generosity.

Let’s Connect

1915 Highway 36 W Ste 133 • Roseville, Minnesota 55113-2709
Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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