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.
Executive compensation
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Minnesota.
| Position | Total |
|---|---|
Exec & Artistic Dir, Board Pres Officer (Unspecified) | $140k $153k |
Sr. Dir., Finance & Operations Officer (Unspecified) | $101k $110k |
Director Board Member Below 10th percentile | $324 $354 |
Director Board Member Below 10th percentile | $232 $254 |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 9 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at THE LOFT INC equaled 6% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 18%
from 2022
From $118k in 2022 to $140k in 2023.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay fell 14% from 2022 to 2023, while revenue fell 27%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about THE LOFT INC
What does the Board Member of THE LOFT INC earn?
In 2023, the Board Member of THE LOFT INC received $324 in total compensation. This pay is in the bottom 10% for Board Member roles among Arts, Culture & Humanities organizations in Minnesota: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Board Member pay at THE LOFT INC compare with similar nonprofits?
Compared with the same role at Arts, Culture & Humanities organizations in Minnesota, the 2023 pay of the Board Member at THE LOFT INC falls in the bottom 10%. In 2023, the highest total compensation at THE LOFT INC equaled 6% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
What are THE LOFT INC's revenue and expenses?
In 2023, THE LOFT INC reported $1.8M in total revenue and $2.4M in total expenses on its IRS Form 990.
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Learn More About Nonprofit Compensation
Guides to help you understand and use this data
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