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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Arts, Culture & Humanities The Loft Inc.

The Loft Inc.

Fiscal year ending 2016. Filed on January 18, 2017.

Open Book 1011 Washington Ave S
Minneapolis, Minnesota 55415

The Loft Inc. (EIN: 41-1297735), also known as The Loft Literary Center, has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2016 IRS Form 990 filing, The Loft Inc., a 501(c)(3) charitable organization, reported compensation for 3 out of 21 total employees. Among the employees shown here, the average compensation is $55,783. The highest compensated employee at The Loft Inc. is Elizabeth Schoeppler with fiscal year 2016 compensation of $84,467.

Revenue, expenses, and employee compensation

Revenue

$2,415,470

Expenses

$2,170,765

Employee compensation

$948,323
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Elizabeth Schoeppler
Managing Director/Officer
$84,467
$84,467 No related compNo other comp
Jocelyn Hale
Former Executive Director
$57,292
$57,292 No related compNo other comp
Britt Udesen
Executive Director/Officer
$25,590
$25,590 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Marge Barrett
Director
$507
$507 No related compNo other comp
Nathan Perez
Director
$350
$350 No related compNo other comp
Elizabeth Schott
Director
No compensation reported
Jacqueline Fletcher
Chair
No compensation reported
Elspeth Carlstrom
Director
No compensation reported
Marlon James
Director
No compensation reported
Nina Orezzoli
Director
No compensation reported
Kent Adams
Director
No compensation reported
David Francis
Director
No compensation reported
Eric Roberts
Director
No compensation reported
Barry Knight
Director
No compensation reported
Rosemarie Ndepuechi
Director
No compensation reported

Mission Statement

SEE SCHEDULE OTHE LOFT ADVANCES THE POWER OF WRITERS AND READERS TO CRAFT AND SHARE STORIES, TO CREATE AND CELEBRATE CONNECTIONS, AND TO BUILD JUST, LIFE-SUSTAINING COMMUNITIES. WE ENVISION A WORLD WHERE THE POWER OF THE WORD LIBERATES MINDS, DEEPENS RELATIONSHIPS, AND INSPIRES MOVEMENTS FOR PEOPLE AND PLANET. AS AN ANTIRACIST ORGANIZATION, THE LOFT DEVELOPS LITERARY EXPERIENCES FOR WRITERS, READERS, AND STORYTELLERS BECAUSE RACISM DEHUMANIZES PEOPLE, AND POETRY AND STORIES DEEPEN OUR CONNECTION TO OUR SHARED HUMANITY. RECOGNIZING THE RELATIONSHIP BETWEEN RACE, POWER, AND RESOURCES, WE PRIORITIZE THE ENGAGEMENT OF BIPOC AND MARGINALIZED COMMUNITIES AND WORK FOR THE EQUITABLE DISTRIBUTION OF OUR POWER AND RESOURCES.

Revisions to this organization profile

February 19, 2025:
2024 The Loft Inc. 990 filed
February 16, 2024:
2023 The Loft Inc. 990 filed
February 24, 2023:
2022 The Loft Inc. 990 filed

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