NonprofitsLoft Inc

Arts, Culture & Humanities

Loft Inc

MINNEAPOLIS, MN

Total revenue

$1.8M

Total expenses

$2.4M

Net assets

$5.5M

Grants received

$3.1M

60 grants

EIN

411297735

Tax year

2023

Mission

The loft advances the power of writers and readers to craft and share stories, to (see schedule o) create and celebrate connections, and to build just, life-sustaining communities.

Programs

2 programs

Services for writers and the literary community: see schedule o for service accomplishments

Expenses: $500KGrants: $143K

Events for readers: see schedule o for service accomplishments

Expenses: $345KGrants: $6K

Financials

FY 2023

Revenue

Contributions & grants$861K
Program service revenue$741K
Investment income$180K
Other revenue
Total revenue$1.8M

Expenses

Grants paid$149K
Salaries & benefits$1.3M
Fundraising$320K
Other expenses$863K
Total expenses$2.4M
Total assets$6.0M
Net assets$5.5M

People

13 listed

NameRoleCompensation

ARLETA LITTLE

EXEC & ARTISTIC DIR, BOARD PRES

Board

$135K

32 hrs/wk

ELIZABETH SCHOEPPLER

SR. DIR., FINANCE & OPERATIONS

Board

$97K

32 hrs/wk

KARLYN COLEMAN

DIRECTOR

Board

$324

1 hrs/wk

TY CHAPMAN

DIRECTOR

Board

$232

1 hrs/wk

JON AUSTIN

BOARD TREASURER 8/1/24-8/31/24

Board

1 hrs/wk

MEENA NATARAJAN

DIRECTOR

Board

1 hrs/wk

RUTH SHIELDS

DIRECTOR

Board

1 hrs/wk

DOROTHY NINS

DIRECTOR

Board

1 hrs/wk

NICHOL HIGDON

BOARD TREASURER 9/1/23-7/30/24

Board

1 hrs/wk

KRIS PATROW

DIRECTOR

Board

1 hrs/wk

MIKE MEYER

BOARD VICE CHAIR

Board

2 hrs/wk

MELINDA WARD

BOARD CHAIR

Board

2 hrs/wk

ELLENA SCHOOP

BOARD SECRETARY

Board

1 hrs/wk

Grants received

Showing 60 of 60

FromAmountPurposeYear
$208K
for McKnight Artist Fellowships for midcareer literary artists and writers in Minnesota
2024
$97K
DONOR ADVISED, ARTS, CULTURE, HUMANITIES
2024
$88K
Support for literary artists in the Mentor Series program.
2024
$200
UNRESTRICTED
2024
$207K
For McKnight Artist Fellowships for midcareer literary artists and writers in Minnesota
2023
$150K
Support operations
2023
$33K
DONOR-ADVISED, ARTS- CULTURE- HUMANITIES, DONOR-ADVISED, GENERAL
2023
$10K
General Support
2023
$5K
ARTS, CULTURE & HUMANITIES
2023
$250
MATCHING GIFTS
2023
$72
MATCH A PREVIOUS DONATION (501(C)3)
2023
$207K
For McKnight Artist Fellowships for midcareer literary artists and writers in Minnesota
2022
$50K
For strategic planning process
2022
$32K
DONOR-RECOMMENDED, INFORMATION & COMMUNICATIONS
2022
$12K
ARTS, CULTURE & HUMANITIES
2022
$10K
GENERAL SUPPORT
2022
$7K
General Support
2022
$6K
For grant recipient's exempt purposes
2022
$2K
GENERAL PURPOSES
2022
$72
MATCHING FUNDS
2022
$258K
for general operating support
2021
$258K
for general operating support
2021
$206K
for McKnight Artist Fellowships for midcareer literary artists and writers in Minnesota
2021
$206K
for McKnight Artist Fellowships for midcareer literary artists and writers in Minnesota
2021
$86K
for general operating support
2021
$86K
for general operating support
2021
$15K
LITERARY ARTS EMERGENCY FUND GRANT
2021
$14K
For grant recipient's exempt purposes
2021
$14K
For grant recipient's exempt purposes
2021
$12K
CULTURE & ARTS
2021
$8K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2021
$7K
DONOR-RECOMMENDED, INFORMATION & COMMUNICATIONS
2021
$6K
ARTS, CULTURE & HUMANITIES
2021
$1K
GENERAL PURPOSES
2021
$72
MATCHING EMPLOYEE DONATION
2021
$206K
For McKnight Artist Fellowships for midcareer literary artists and writers in Minnesota
2020
$206K
For McKnight Artist Fellowships for midcareer literary artists and writers in Minnesota
2020
$80K
For general operating support
2020
$80K
For general operating support
2020
$50K
LITERARY ARTS EMERGENCY FUND GRANT
2020
$48K
TRANSITION FUNDING
2020
$9K
For grant recipient's exempt purposes
2020
$8K
MULTIPLE PURPOSES
2020
$7K
GENERAL OPERATING SUPPORT
2020
$5K
ARTS, CULTURE & HUMANITIES
2020
$3K
GENERAL PURPOSES
2020
$1K
GENERAL OPERATING
2020
$72
MATCHING EMPLOYEE DONATION
2020
$10K
CULTURE & ARTS
2019
$8K
MULTIPLE GRANTS
2019
$7K
GENERAL OPERATING SUPPORT
2019
$7K
For grant recipient's exempt purposes
2019
$7K
ARTS, CULTURE & HUMANITIES
2019
$10K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2018
$10K
GENERAL OPERATING SUPPORT
2018
$7K
For grant recipient's exempt purposes
2018
$15K
PUBLIC, SOCIETAL BENEFIT
2017
$12K
GENERAL OPERATING SUPPORT
2017

Funded by

$3.1M from 18 funders · 60 grants · 2017–2024

The McKnight Foundation

$2.3M · 14 grants · 2020–2024

The Minneapolis Foundation

$205K · 8 grants · 2017–2024

William Randolph Hearst Foundation

$150K · 1 grant · 2023

Jerome Foundation Inc

$88K · 1 grant · 2024

National Book Foundation Inc

$65K · 2 grants · 2020–2021

National Philanthropic Trust

$58K · 4 grants · 2017–2021

Fidelity Investments Charitable Gift Fund

$57K · 6 grants · 2018–2022

Target Foundation

$48K · 1 grant · 2020

Details

EIN411297735
NTEE codeA700
Subsection03
Ruling date1977-06
Formed1975
Employees26
Volunteers17
LOFT INC — Mission, Financials & Grants Received | Grantivo