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Organizations Arts, Culture & Humanities The Loft Inc.

The Loft Inc.

Fiscal year ending 2021. Filed on February 22, 2022.

1011 Washington Ave S Ste 200
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 2021 IRS Form 990 filing, The Loft Inc., a 501(c)(3) charitable organization, reported compensation for 2 out of 18 total employees. Among the employees shown here, the average compensation is $91,206. The highest compensated employee at The Loft Inc. is Britt Udesen with fiscal year 2021 compensation of $94,070.

Revenue, expenses, and employee compensation

Revenue

$2,587,089

Expenses

$2,162,259

Employee compensation

$1,015,367
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Britt Udesen
Executive and Artistic Director
$94,070
$87,806 No related comp$6,264
Elizabeth Schoeppler
Managing Director/Officer
$88,341
$82,002 No related comp$6,339

Benchmark Employee Compensation

Non-Employee Board Members

Anika Fajardo
Board Secretary
$2,063
$2,063 No related compNo other comp
Marge Barrett
Board Vice Chair
$286
$286 No related compNo other comp
Melinda Ward
Director
No compensation reported
Kathy Haddad
Director
No compensation reported
Sarah Olson
Director
No compensation reported
Michael Kleber-Diggs
Director
No compensation reported
David Killpatrik
Director
No compensation reported
Ellen McInnis
Director
No compensation reported
Dara Beevas
Director
No compensation reported
Mike Meyer
Board Treasurer
No compensation reported
Karlyn Coleman
Director
No compensation reported
Jon Austin
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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