Civic Intelligence

Loft Us

990 • Fiscal year 2022 • EIN 81-4353194

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileLOFTACADEMY.ORG
500 Center StEl Segundo, CA 90245

(310) 350-9991

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

59th percentile

10%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

79th percentile

34%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

27%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$101,228

Up $25,631 (+34%) from 2021

Net Assets

Up

$101,228

Up $25,631 (+34%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin59th percentile

Revenue

Up

$246,762

Up $51,911 (+27%) from 2021

Expenses

Up

$221,131

Up $67,280 (+44%) from 2021

Net Income

Down

$25,631

Down $15,369 (-37%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$200K$150K$100K$50K$0Assets 2019: $13,760Liabilities 2019: $0Net Assets 2019: $13,7602019Assets 2020: $9,491Liabilities 2020: $0Net Assets 2020: $9,4912020Assets 2021: $75,597Liabilities 2021: $0Net Assets 2021: $75,5972021Assets 2022: $101,228Liabilities 2022: $0Net Assets 2022: $101,2282022Assets 2023: $153,006Liabilities 2023: $550Net Assets 2023: $152,4562023Assets 2024: $107,704Liabilities 2024: $0Net Assets 2024: $107,7042024

Highlighted filing

2022

Assets$101,228
Liabilities$0
Net Assets$101,228
Open 2022 Filing

Operations Trend

Revenue Growth63rd percentile

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

$400K$200K$0-$200KRevenue 2019: $198,662Expenses 2019: $194,328Net Income 2019: $4,3342019Revenue 2020: $159,468Expenses 2020: $163,737Net Income 2020: -$4,2692020Revenue 2021: $194,851Expenses 2021: $153,851Net Income 2021: $41,0002021Revenue 2022: $246,762Expenses 2022: $221,131Net Income 2022: $25,6312022Revenue 2023: $362,397Expenses 2023: $313,122Net Income 2023: $49,2752023Revenue 2024: $329,573Expenses 2024: $374,325Net Income 2024: -$44,7522024

Highlighted filing

2022

Revenue$246,762
Expenses$221,131
Net Income$25,631
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$246,762
Mission and Program Overview

Mission

To develop joyful learners. We stand by the importance of critical thinking, independence, and empathy in a 21st century global world. Our goals are not through standardized testing, rather through intuitive self-evaluation and (if desired) presenting their progress for parents and peers. At the loft we ignite a passion for education in the whole child through: project based learning, driving questions and self direction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$75,597$101,228▲ $25,631
Cash and Non-Interest-Bearing Accounts$36,012$47,801▲ $11,789
Accounts Receivable-$31,347-
Savings and Temporary Cash Investments-$879-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$75,597$101,228▲ $25,631
Other Assets Total$39,585$21,201▼ $18,384
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,597$101,228▲ $25,631
Total Liabilities and Net Assets / Fund Balance$75,597$101,228▲ $25,631

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$21,201--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Mardi NormanPresident/executive Director
Dave KingCFO
Lindsey ButtlesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$21,952
Program Service Revenue
$224,810
Investment Income
$0
Other Revenue
$0
All Other Contributions
$21,952
Change in Net Assets
$25,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,581
Salaries, Compensation, and Employee Benefits$90,550
Total Fundraising Expense$700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$67,186$16,796-$83,982
Fees for Services Other$64,932$458-$65,390
Occupancy$41,440$10,360-$51,800
Payroll Taxes$5,254$1,314-$6,568
Fees for Services Legal-$4,541-$4,541
Office Expenses$2,439$609-$3,048
Insurance-$2,523-$2,523
Fees for Services Accounting-$1,820-$1,820
Advertising--$700$700
Information Technology$467$116-$583
Other Expenses$140$36-$176
Total Functional Expenses$181,858$38,573$700$221,131
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the form 990 is reviewed by various members of the board of directors. Any questions or proposed revisions/additions are communicated by the reviewers to the outside cpa preparer of the form 990. A copy of the final form 990 is forwarded to all members of the organization's board of directors before it is filed with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Periodic reviews are conducted to ensure compliance with the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financials are made available upon request.”

Filing and Contact Details

Filer

Filer Name
The Loft US
EIN
81-4353194
Phone
3103509991
Address
500 CENTER ST, EL SEGUNDO, CA 90245

Signing Officer

Name
Mardi Norman
Title
Exec. Dir./president
Phone
3103509991
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mardi Norman
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Firm
Baker Tilly US Llp
Address
18500 VON KARMAN AVE 10TH FLOOR, IRVINE, CA 92612
Preparer
Brian Yacker
Phone
9492222999
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractors: program service expenses 63,102. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,102. Payroll fees: program service expenses 1,830. Management and general expenses 458. Fundraising expenses 0. Total expenses 2,288.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS REVIEWED BY VARIOUS MEMBERS OF THE BOARD OF DIRECTORS. ANY QUESTIONS OR PROPOSED REVISIONS/ADDITIONS ARE COMMUNICATED BY THE REVIEWERS TO THE OUTSIDE CPA PREPARER OF THE FORM 990. A COPY OF THE FINAL FORM 990 IS FORWARDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERIODIC REVIEWS ARE CONDUCTED TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACTORS: PROGRAM SERVICE EXPENSES 63,102. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,102. PAYROLL FEES: PROGRAM SERVICE EXPENSES 1,830. MANAGEMENT AND GENERAL EXPENSES 458. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,288.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt075597
IRS990/TotalAssetsEOYAmt0101228
IRS990/TotalAssetsGrp/BOYAmt075597
IRS990/TotalAssetsGrp/EOYAmt0101228
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt021952
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0700
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038573
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0181858
IRS990/TotalFunctionalExpensesGrp/TotalAmt0221131
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt075597
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0101228
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0181858
IRS990/TotalProgramServiceRevenueAmt0224810
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224810
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0246762
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt075597
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0101228
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 CENTER ST
IRS990/USAddress/CityNm0EL SEGUNDO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090245
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0LOFTACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARDI NORMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC. DIR./PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03103509991
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LOFT US
ReturnHeader/Filer/BusinessNameControlTxt0LOFT
ReturnHeader/Filer/EIN0814353194
ReturnHeader/Filer/PhoneNum03103509991
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 CENTER ST
ReturnHeader/Filer/USAddress/CityNm0EL SEGUNDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090245
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018500 VON KARMAN AVE 10TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092612
ReturnHeader/PreparerPersonGrp/PhoneNum09492222999
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN YACKER
ReturnHeader/ReturnTs02023-11-15T17:14:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARDI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NORMAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$101,228
Liabilities
$0
Net assets
$101,228
Revenue
$246,762
Expenses
$221,131
Net income
$25,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$3.30$3.74$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.01$1.52$3.62$3.13$0.49
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$2.47$2.21$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.00$0.76$1.95$1.54$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$1.59$1.64$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$1.99$1.94$0.04