Civic Intelligence

The Loft Inc

990 • Fiscal year 2012 • EIN 41-1297735

Sep 01, 2011 to Aug 31, 2012 • Filed on Jan 21, 2013

Open Book 1011 Washington Ave S55415
Siviq Scores

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

Liabilities / Assets

45th percentile

0.09x

Higher debt load relative to assets than 45% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

51st percentile

1.2%

Faster asset growth than 51% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$4,253,157

Up $52,320 (+1.2%) from 2011

Net Assets

Down

$3,862,286

Down $4,246 (-0.1%) from 2011

Liabilities

Up

$390,871

Up $56,566 (+17%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,973,553

Down $38,428 (-1.9%) from 2011

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

2012

Assets$4,253,157
Liabilities$390,871
Net Assets$3,862,286

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

2012

Revenue-
Expenses$1,973,553
Net Income-
Jump To
Filing Snapshot
Filing Period
Sep 1, 2011 to Aug 31, 2012
Signed
Jan 21, 2013
Return Version
2011v1.5
Gross Receipts
$2,543,207
Mission and Program Overview

Major Activities

Activity 2
Mentorships, Awards, and Events: The Loft provides mentorships, fellowship, 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 Fellowships for Writers granted five $25,000 awards to buy accomplished writers the time to write. The Minnesota Emerging Writers' Grant program provided project funds of $6,000-$8,500 to help advance five writers' work. Authors' readings and performances helped develop audiences while promoting and advancing the work of individual writers. In the past year, 11,000 individuals attended more than 60 Loft sponsored readings, performances, and other literary events. Broadcasts and webcasts extended the Loft's reach to another 760,000 individuals.
Activity 3
Writing Community and Writers Services: Loft.org, the Loft's website, provided regular articles and fostered discussions about the writer's life and craft through our daily blog, The Writers' Block. There, writers found writing excercises, literary reviews, commentary, news, and discussion. The site also included interviews, a calendar of Loft readings and events, a catalog of Loft classes, and writers' resources including information about writing groups, competitions, grants, awards, publishers, and agents. Visitors perused a variety of resources in The Rachel Anne Gaschott Ritchie Small Press Library, 68 writers made use of the Loft's writers' studios and more than 50 distinct literary groups used the Loft's Book Club Room this year.
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 online. In FY12, the Loft served more than 2,600 adults and 900 youth creative writing students in over 300 classes and four conferences representing the broadest range of genres. In the past year's evaluation, 94% of adult students reported that their writing improved, 85% reported a greater understanding of the writing craft, 90% agreed that the class helped them identify their next steps as a writer, and 96% would recommend the Loft to others. Of our young writers, (age 6-17) 89% said they learned more about creative writing and 95% said they would be better writers in school.
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IRS990/NetRentalIncomeOrLoss/ExclusionAmount037244
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn037244
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith10960140
IRS990/NumberIndependentVotingMembers020
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees023
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Fundraising08834
IRS990/Occupancy/ManagementAndGeneral02964
IRS990/Occupancy/ProgramServices065865
IRS990/Occupancy/Total077663
IRS990/OfficeExpenses/Fundraising05495
IRS990/OfficeExpenses/ManagementAndGeneral0758
IRS990/OfficeExpenses/ProgramServices061245
IRS990/OfficeExpenses/Total067498
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY00
IRS990/OtherAssetsTotal/EOY00
IRS990/OtherEmployeeBenefits/Total00
IRS990/OtherExpensePriorYear0842351
IRS990/OtherExpensesCurrentYear0883540
IRS990/OtherExpenses/Description0HONORARIA AND FEES
IRS990/OtherExpenses/Description1DISABILITY SERVICES
IRS990/OtherExpenses/Description2RECEPTIONS
IRS990/OtherExpenses/Description3DUES & MEMBERSHIPS
IRS990/OtherExpenses/Fundraising0720
IRS990/OtherExpenses/Fundraising16705
IRS990/OtherExpenses/Fundraising22442
IRS990/OtherExpenses/ManagementAndGeneral0820
IRS990/OtherExpenses/ManagementAndGeneral1251
IRS990/OtherExpenses/ProgramServices0376396
IRS990/OtherExpenses/ProgramServices1865
IRS990/OtherExpenses/ProgramServices219507
IRS990/OtherExpenses/ProgramServices35799
IRS990/OtherExpenses/Total0377116
IRS990/OtherExpenses/Total1865
IRS990/OtherExpenses/Total227032
IRS990/OtherExpenses/Total38492
IRS990/OtherLiabilities/BOY00
IRS990/OtherLiabilities/EOY00
IRS990/OtherNotesLoansReceivableNet/BOY00
IRS990/OtherNotesLoansReceivableNet/EOY00
IRS990/OtherRevenueCurrentYear040801
IRS990/OtherRevenueMisc/BusinessCode0541800
IRS990/OtherRevenueMisc/Description0ADS IN PUBLICATION
IRS990/OtherRevenueMisc/TotalRevenueColumn03174
IRS990/OtherRevenueMisc/UnrelatedBusinessRevenue03174
IRS990/OtherRevenuePriorYear034109
IRS990/OtherSalariesAndWages/Fundraising079704
IRS990/OtherSalariesAndWages/ManagementAndGeneral036474
IRS990/OtherSalariesAndWages/ProgramServices0449459
IRS990/OtherSalariesAndWages/Total0565637
IRS990/OwnWebsite0X
IRS990/PartialLiquidation0false
IRS990/PaymentsToAffiliates/Total00

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