Nonprofit · EIN 41-1297735
LOFT INC
Also known as THE LOFT LITERARY CENTER
Tax-exempt · MINNEAPOLIS, MN 55415
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,406,189 | $2,397,048 | $9,141 | $6,274,644 | $421,690 | $5,852,954 |
| August 31, 2024 | 990 | $1,781,751 | $2,350,825 | -$569,074 | $5,974,800 | $451,956 | $5,522,844 |
| August 31, 2023 | 990 | $2,433,334 | $2,577,046 | -$143,712 | $5,824,237 | $375,574 | $5,448,663 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $1,347,520
- of which government grants
- $323,973
- Program service revenue
- $812,678
- Investment income
- $245,991
- Net gain from sales of assets
- $126,794
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $149,800
- Compensation of officers, directors and key employees
- $238,460
- Other salaries and wages
- $874,799
- Salaries, compensation and benefits (total)
- $1,250,199
- Professional fundraising fees
- $16,667
- Accounting fees
- $42,400
- Occupancy
- $85,634
- Travel
- $18,768
- Depreciation
- $981
- Program services (functional)
- $1,948,098
- Management and general (functional)
- $129,987
- Fundraising (functional)
- $318,963
Balance sheet and other
- Total assets, start of year
- $5,974,800
- Total assets, end of year
- $6,274,644
- Total liabilities, end of year
- $421,690
- Net assets, end of year
- $5,852,954
- Land, buildings and equipment
- $5,597
- Publicly traded securities
- $4,705,301
- Net assets without donor restrictions
- $500,982
- Net assets with donor restrictions
- $5,351,972
- Gross receipts
- $2,812,232
- Employees
- 19
- Volunteers
- 27
- Year formed
- 1975
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARLETA LITTLE | EXEC & ARTISTIC DIR, BOARD Trustee or director, Officer | 32 | $126,160 | $1,496 |
| ELIZABETH SCHOEPPLER | SR. DIR., FINANCE & OPERAT Officer | 32 | $90,008 | $4,193 |
| JON AUSTIN | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARCIA BALLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATALIE OBEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOROTHY NINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELINDA WARD | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MEENA NATARAJAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLENA SCHOOP | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KRIS PATROW | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY SIMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARLETA LITTLE | EXEC & ARTISTIC DIR, BOARD PRES Trustee or director, Officer | 32 | $134,671 | $4,904 |
| ELIZABETH SCHOEPPLER | SR. DIR., FINANCE & OPERATIONS Officer | 32 | $96,881 | $4,162 |
| KARLYN COLEMAN | DIRECTOR Trustee or director | 1 | $324 | $0 |
| TY CHAPMAN | DIRECTOR Trustee or director | 1 | $232 | $0 |
| MELINDA WARD | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MIKE MEYER | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELLENA SCHOOP | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JON AUSTIN | BOARD TREASURER 8/1/24-8/31/24 Trustee or director, Officer | 1 | $0 | $0 |
| MEENA NATARAJAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUTH SHIELDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOROTHY NINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOL HIGDON | BOARD TREASURER 9/1/23-7/30/24 Trustee or director, Officer | 1 | $0 | $0 |
| KRIS PATROW | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARLETA LITTLE | EXECUTIVE & ARTISTIC DIREC Trustee or director, Officer | 32 | $117,599 | $791 |
| ELIZABETH SCHOEPPLER | MANAGING DIRECTOR Officer | 32 | $96,151 | $7,236 |
| KARLYN COLEMAN | DIRECTOR Trustee or director | 1 | $375 | $0 |
| SARAH OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON AUSTIN | BOARD TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MIKE MEYER | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DARA BEEVAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID KILLPATRIK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELINDA WARD | VICE CHAIR & SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| RUTH SHIELDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOROTHY NINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY JO MCDONNELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOL HIGDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEENA NATARAJAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLENA SCHOOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1011 WASHINGTON AVE S STE 200, MINNEAPOLIS, MN 55415-1278
- In care of
- % ELIZABETH SCHOEPPLER
- Principal officer (990 for 2024)
- ARLETA LITTLE, 1011 WASHINGTON AVE S STE 200, MINNEAPOLIS, MN 55415
- Signed the 990
- MARCY WOODARD, FINANCE DIRECTOR
- Phone
- (612) 215-2575
- Website
- WWW.LOFT.ORG
- Return prepared by
- SDK CPA
Mission
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.
Program accomplishments
- LEARNING FOR WRITERS AND READERS: SEE SCHEDULE O FOR SERVICE ACCOMPLISHMENTSExpenses $1,238,737 · revenue $671,976
- SERVICES FOR WRITERS AND THE LITERARY COMMUNITY: SEE SCHEDULE O FOR SERVICE ACCOMPLISHMENTSExpenses $518,673 · grants $141,800 · revenue $71,851
- EVENTS FOR READERS: SEE SCHEDULE O FOR SERVICE ACCOMPLISHMENTSExpenses $190,688 · grants $8,000 · revenue $68,851
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 41-1297735
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A700)
- Assets (IRS master file)
- $6,274,644
- Income (IRS master file)
- $2,812,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,406,189 | $2,397,048 | $6,274,644 | IRS |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $1,781,751 | $2,350,825 | $5,974,800 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $2,433,334 | $2,577,046 | $5,824,237 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $2,615,373 | $2,066,861 | $5,784,467 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1297735).
Questions about LOFT INC
- What is the EIN of LOFT INC?
- The employer identification number (EIN) of LOFT INC is 41-1297735.
- Is LOFT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to LOFT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOFT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOFT INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOFT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of LOFT INC?
- The 990 for the year ended August 31, 2025 names ARLETA LITTLE.
- Who are the officers and directors of LOFT INC?
- The 990 for the year ended August 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $126,160 (ARLETA LITTLE, EXEC & ARTISTIC DIR, BOARD).
- How much revenue does LOFT INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,406,189, expenses of $2,397,048 and total assets of $6,274,644 at year end.
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