Civic Intelligence

The Loft Inc

990 • Fiscal year 2011 • EIN 41-1297735

Sep 01, 2010 to Aug 31, 2011 • Filed on Mar 22, 2012

Open Book 1011 Washington Ave S55415
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.08x

Higher debt load relative to assets than 42% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$4,200,837

Up $429,018 (+11%) from 2010

Net Assets

Up

$3,866,532

Up $446,122 (+13%) from 2010

Liabilities

Down

$334,305

Down $17,104 (-4.9%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,011,981

Up $100,008 (+5.2%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $3,771,819Liabilities 2010: $351,409Net Assets 2010: $3,420,4102010Assets 2011: $4,200,837Liabilities 2011: $334,305Net Assets 2011: $3,866,5322011Assets 2012: $4,253,157Liabilities 2012: $390,871Net Assets 2012: $3,862,2862012Assets 2013: $4,614,943Liabilities 2013: $297,935Net Assets 2013: $4,317,0082013Assets 2014: $4,798,789Liabilities 2014: $273,861Net Assets 2014: $4,524,9282014Assets 2015: $4,511,311Liabilities 2015: $317,353Net Assets 2015: $4,193,9582015Assets 2016: $4,835,222Liabilities 2016: $265,318Net Assets 2016: $4,569,9042016Assets 2017: $4,918,802Liabilities 2017: $301,044Net Assets 2017: $4,617,7582017Assets 2018: $4,956,159Liabilities 2018: $324,115Net Assets 2018: $4,632,0442018Assets 2019: $5,014,747Liabilities 2019: $333,382Net Assets 2019: $4,681,3652019Assets 2020: $4,717,541Liabilities 2020: $254,782Net Assets 2020: $4,462,7592020Assets 2021: $5,897,913Liabilities 2021: $313,667Net Assets 2021: $5,584,2462021Assets 2022: $5,784,467Liabilities 2022: $448,511Net Assets 2022: $5,335,9562022Assets 2023: $5,824,237Liabilities 2023: $375,574Net Assets 2023: $5,448,6632023Assets 2024: $5,974,800Liabilities 2024: $451,956Net Assets 2024: $5,522,8442024

Highlighted filing

2011

Assets$4,200,837
Liabilities$334,305
Net Assets$3,866,532

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,911,9732010Expenses 2011: $2,011,9812011Expenses 2012: $1,973,5532012Revenue 2013: $2,507,635Expenses 2013: $2,162,407Net Income 2013: $345,2282013Revenue 2014: $2,172,427Expenses 2014: $2,216,308Net Income 2014: -$43,8812014Revenue 2015: $2,050,262Expenses 2015: $2,201,153Net Income 2015: -$150,8912015Revenue 2016: $2,415,470Expenses 2016: $2,170,765Net Income 2016: $244,7052016Revenue 2017: $2,242,772Expenses 2017: $2,229,735Net Income 2017: $13,0372017Revenue 2018: $2,349,389Expenses 2018: $2,312,228Net Income 2018: $37,1612018Revenue 2019: $2,793,022Expenses 2019: $2,691,852Net Income 2019: $101,1702019Revenue 2020: $1,982,944Expenses 2020: $2,465,329Net Income 2020: -$482,3852020Revenue 2021: $2,587,089Expenses 2021: $2,162,259Net Income 2021: $424,8302021Revenue 2022: $2,615,373Expenses 2022: $2,066,861Net Income 2022: $548,5122022Revenue 2023: $2,433,334Expenses 2023: $2,577,046Net Income 2023: -$143,7122023Revenue 2024: $1,781,751Expenses 2024: $2,350,825Net Income 2024: -$569,0742024

Highlighted filing

2011

Revenue-
Expenses$2,011,981
Net Income-
Jump To
Filing Snapshot
Filing Period
Sep 1, 2010 to Aug 31, 2011
Signed
Mar 22, 2012
Return Version
2010v3.7
Gross Receipts
$3,029,926
Mission and Program Overview

Major Activities

Activity 2
Awards, Grants and Events: The Loft provides mentorships, fellowships, and grants to support writers and their work. The Loft Mentor Series awarded intensive artistic mentorships for 12 writers of demonstrated potential to work closely with nationally renowned writers. The Loft McKnight Artist Fellowship for Writers granted five $25,000 awards to buy accomplished writers the time to write. The Minnesota Emerging Writers' Grant program provided project funds to help advance four writers' work. In the past year, 17,000 individuals attended more than 60 Loft-sponsored readings, performances, and other literary events. Broadcasts and webcasts extended the Loft's reach to another 700,000 individuals.
Activity 3
Writing Community and Writers Services: The Loft works to develop community among writers and readers through all programs. The Loft's efforts in the past year included expanded services through its website such as articles, discussions, blogs, exercises, literary reviews, commentary, news, interviews, streaming video and audio, opportunities for publication, awards and grants, and more. Sixty writers made use of the Loft's writers' studios at Open Book and more than fifty distinct literary groups used the Organization's Book Club Room.
Filing and Contact Details

Filer

EIN
41-1297735
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IRS990/Description0Creative Writing Education: The Loft offers creative writing classes year-round in the classrooms at Open Book, at community sites throughout Minnesota and now online. In FY11, the Loft served over 3,300 adults and 700 young creative writing students in over 300 classes and four conferences representing the broadest range of genres. In the past year's evaluations, 89% of students reported that their writing improved, 90% reported a greater understanding of the writing craft, 89% agreed that the class helped them identify their next steps as a writer, and 90% would recommend the Loft to others.
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IRS990/NetIncomeFromGaming/TotalRevenueColumn00
IRS990/NetIncomeOrLoss/ExclusionAmount0596
IRS990/NetIncomeOrLoss/TotalRevenueColumn0596
IRS990/NetRentalIncomeOrLoss/ExclusionAmount032088
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn032088
IRS990/NoncashContributions01507
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith10960146
IRS990/NumberIndependentVotingMembers023
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees023
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Fundraising05136
IRS990/Occupancy/ManagementAndGeneral0236
IRS990/Occupancy/ProgramServices077522
IRS990/Occupancy/Total082894
IRS990/OfficeExpenses/Fundraising011729
IRS990/OfficeExpenses/ManagementAndGeneral01083
IRS990/OfficeExpenses/ProgramServices051820
IRS990/OfficeExpenses/Total064632
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/Organization501c30X
IRS990/OtherEmployeeBenefits/Total00
IRS990/OtherExpensePriorYear0839661
IRS990/OtherExpensesCurrentYear0842351
IRS990/OtherExpenses/Description0HONORARIA AND FEES
IRS990/OtherExpenses/Description1PUBLICITY
IRS990/OtherExpenses/Description2RECEPTIONS
IRS990/OtherExpenses/Description3DUES & MEMBERSHIPS
IRS990/OtherExpenses/Description4EQUIPMENT MAIN. & REPAIR
IRS990/OtherExpenses/Fundraising03622
IRS990/OtherExpenses/Fundraising12387
IRS990/OtherExpenses/Fundraising2847
IRS990/OtherExpenses/ManagementAndGeneral0941
IRS990/OtherExpenses/ManagementAndGeneral12
IRS990/OtherExpenses/ManagementAndGeneral2318
IRS990/OtherExpenses/ProgramServices0401350
IRS990/OtherExpenses/ProgramServices157831
IRS990/OtherExpenses/ProgramServices228169
IRS990/OtherExpenses/ProgramServices34425
IRS990/OtherExpenses/ProgramServices43663
IRS990/OtherExpenses/Total0401350
IRS990/OtherExpenses/Total157831
IRS990/OtherExpenses/Total232732
IRS990/OtherExpenses/Total36814
IRS990/OtherExpenses/Total44828
IRS990/OtherRevenueCurrentYear034109
IRS990/OtherRevenueMisc/BusinessCode0541800
IRS990/OtherRevenueMisc/Description0ADS IN PUBLICATION
IRS990/OtherRevenueMisc/TotalRevenueColumn01425
IRS990/OtherRevenueMisc/UnrelatedBusinessRevenue01425
IRS990/OtherRevenuePriorYear021229

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.97$0.45$5.52$1.78$2.35$0.57
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.82$0.38$5.45$2.43$2.58$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.78$0.45$5.34$2.62$2.07$0.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$0.31$5.58$2.59$2.16$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$0.25$4.46$1.98$2.47$0.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$0.33$4.68$2.79$2.69$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.32$4.63$2.35$2.31$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$0.30$4.62$2.24$2.23$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.84$0.27$4.57$2.42$2.17$0.24
2015Detailed filing. Detailed filing data is available for this year.$4.51$0.32$4.19$2.05$2.20$0.15
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.80$0.27$4.52$2.17$2.22$0.04
2013Summary only. Only limited summary data is available for this year.$4.61$0.30$4.32$2.51$2.16$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$0.39$3.86$1.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$0.33$3.87$2.01
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$0.35$3.42$1.91