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Filing year 2023

THE LOFT INC

Minneapolis, Minnesota·EIN 41-1297735·NTEE A700 · Arts, Culture & Humanities·3
Total revenue
$1.8M
Total assets
$6M
Total expenses
$2.4M
Reported officers
13
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.

Executive compensation

Form 990 · Schedule J · 4 reported individuals · Filing year 2023

Exec & Artistic Dir, Board Pres
officer (unspecified)
$140k
$153k
Sr. Dir., Finance & Operations
officer (unspecified)
$101k
$110k
Director
board member
$324
$354
Director
board member
$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.

Browse compensation in Arts, Culture & Humanities

Up 18%
from 2022

From $118k in 2022 to $140k in 2023.

$118k
2022
$140k
2023
In today's dollarsEst.
Up 15% in real terms$133k to $153k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE LOFT INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.4M
$2.6M
2022
$1.8M
$2.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Arts, Culture & Humanities executives earn in Minnesota

Comparable arts, culture & humanities organizations in Minnesota pay their highest-earning executive a median of $50,000.

25th percentile
$23k
Median
$50,000
75th percentile
$94k
90th percentile
$148k

These are arts, culture & humanities sector-wide figures, not this organization's reported pay. Based on 143 organizations across 143 filings (2022 – 2023).

See full Arts, Culture & Humanities pay data for Minnesota
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