Civic Intelligence

Loft Us

990 • Fiscal year 2023 • EIN 81-4353194

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 02, 2024

Organization ProfileWWW.LOFTACADEMY.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

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

86th percentile

51%

Faster asset growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

79th percentile

47%

Faster revenue growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$153,006

Up $51,778 (+51%) from 2022

Net Assets

Up

$152,456

Up $51,228 (+51%) from 2022

Liabilities

Up

$550

Up $550 from 2022

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin66th percentile

Revenue

Up

$362,397

Up $115,635 (+47%) from 2022

Expenses

Up

$313,122

Up $91,991 (+42%) from 2022

Net Income

Up

$49,275

Up $23,644 (+92%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2023

Assets$153,006
Liabilities$550
Net Assets$152,456
Open 2023 Filing

Operations Trend

Revenue Growth79th 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

2023

Revenue$362,397
Expenses$313,122
Net Income$49,275
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 2, 2024
Return Version
2023v5.1
Gross Receipts
$362,397
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$101,228$152,456▲ $51,228
Cash and Non-Interest-Bearing Accounts$47,801$58,374▲ $10,573
Accounts Receivable$31,347$52,108▲ $20,761
Land, Buildings, and Equipment, Net$0$20,443▲ $20,443
Savings and Temporary Cash Investments$879$880▲ $1
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$101,228$153,006▲ $51,778
Other Assets Total$21,201$21,201→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$550▲ $550
Total Liabilities$0$550▲ $550
Net Assets / Fund Balance
Total Net Assets Fund Balance$101,228$152,456▲ $51,228
Total Liabilities and Net Assets / Fund Balance$101,228$153,006▲ $51,778

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,529$1,323$19,852
Equipment$1,914$253$2,167
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
$37,826
Program Service Revenue
$324,570
Investment Income
$1
Other Revenue
$0
All Other Contributions
$37,826
Change in Net Assets
$49,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,520
Salaries, Compensation, and Employee Benefits$115,602
Total Fundraising Expense$2,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,963$20,179$1,062$106,204
Occupancy$76,126$18,080$952$95,158
Fees for Services Other$60,233$615-$60,848
Fees for Services Accounting-$21,328-$21,328
Payroll Taxes$6,970$1,655$87$8,712
Other Expenses$5,825$1,456-$7,281
Office Expenses$4,956$1,176$62$6,194
Information Technology$2,174$544-$2,718
Insurance-$2,417-$2,417
Depreciation Depletion-$1,576-$1,576
Other Employee Benefits$549$130$7$686
Total Functional Expenses$241,796$69,156$2,170$313,122
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 A, Line 2

“Mardi norman and dave king have a family relationship.”

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
2024-10-02
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
5
Volunteers
3

Preparer

Firm
Baker Tilly Advisory Group Lp
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

“Contract teachers: program service expenses 57,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,774. Payroll fees: program service expenses 2,459. Management and general expenses 615. Fundraising expenses 0. Total expenses 3,074.”

Raw XML Appendix383 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0550
IRS990/AccountsReceivableGrp/BOYAmt031347
IRS990/AccountsReceivableGrp/EOYAmt052108
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AllOtherContributionsAmt037826
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0INDEPENDENCE BY THE BOOK
IRS990/BooksInCareOfDetail/PhoneNum03103991144
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03435 OCEAN PARK BLVD SUITE 107-I
IRS990/BooksInCareOfDetail/USAddress/CityNm0SANTA MONICA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090405
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt047801
IRS990/CashNonInterestBearingGrp/EOYAmt058374
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt037826
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01
IRS990/CYOtherExpensesAmt0197520
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0324570
IRS990/CYRevenuesLessExpensesAmt049275
IRS990/CYSalariesCompEmpBnftPaidAmt0115602
IRS990/CYTotalExpensesAmt0313122
IRS990/CYTotalFundraisingExpenseAmt02170
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0362397
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01576
IRS990/DepreciationDepletionGrp/TotalAmt01576
IRS990/Desc0EDUCATION SERVICES - VARIOUS CLASSES THAT BENEFIT LOCAL CHILDREN PROVIDING CLASSROOM AND ONE-ONE LEARNING OPPORTUNITIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0241796
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021328
IRS990/FeesForServicesAccountingGrp/TotalAmt021328
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0615
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt060233
IRS990/FeesForServicesOtherGrp/TotalAmt060848
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVE KING
IRS990/Form990PartVIISectionAGrp/PersonNm1MARDI NORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDSEY BUTTLES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0362397
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0544
IRS990/InformationTechnologyGrp/ProgramServicesAmt02174
IRS990/InformationTechnologyGrp/TotalAmt02718
IRS990/InsuranceGrp/ManagementAndGeneralAmt02417
IRS990/InsuranceGrp/TotalAmt02417
IRS990/InvestmentIncomeGrp/ExclusionAmt01
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01576
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020443
IRS990/LandBldgEquipCostOrOtherBssAmt022019
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0101228
IRS990/NetAssetsOrFundBalancesEOYAmt0152456
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt07090
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0952
IRS990/OccupancyGrp/ManagementAndGeneralAmt018080
IRS990/OccupancyGrp/ProgramServicesAmt076126
IRS990/OccupancyGrp/TotalAmt095158
IRS990/OfficeExpensesGrp/FundraisingAmt062
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01176
IRS990/OfficeExpensesGrp/ProgramServicesAmt04956
IRS990/OfficeExpensesGrp/TotalAmt06194
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021201
IRS990/OtherAssetsTotalGrp/EOYAmt021201
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0130
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0549
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0686
IRS990/OtherExpensesGrp/Desc0EQUIPMENT REPAIRS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01456
IRS990/OtherExpensesGrp/ProgramServicesAmt05825
IRS990/OtherExpensesGrp/TotalAmt07281
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01062
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020179
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt084963
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106204
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt087
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01655
IRS990/PayrollTaxesGrp/ProgramServicesAmt06970
IRS990/PayrollTaxesGrp/TotalAmt08712
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARDI NORMAN
IRS990/PriorPeriodAdjustmentsAmt01953
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0324570
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0324570
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt021952
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0130581
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0224810
IRS990/PYRevenuesLessExpensesAmt025631
IRS990/PYSalariesCompEmpBnftPaidAmt090550
IRS990/PYTotalExpensesAmt0221131
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0246762
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt049275
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0324570
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0101228
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0152456
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0879
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0880
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt013600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt053600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt037826
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021952
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt028000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt023500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt020100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0131378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0324570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0224810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0166851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0135968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0173062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01025261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95370
IRS990ScheduleA/PublicSupportPY509Pct00.95230
IRS990ScheduleA/PublicSupportTotal509Amt01103039
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt013600
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt053600
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0362396
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0246762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0194851
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0159468
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0193162
IRS990ScheduleA/Total509Grp/TotalAmt01156639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0362397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0246762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0194851
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0159468
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0193162
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01156640
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt018529
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01323
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019852
IRS990ScheduleD/EquipmentGrp/BookValueAmt01914
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0253
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02167
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt021201
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020443
IRS990ScheduleD/TotalBookValueOtherAssetsAmt021201
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARDI NORMAN AND DAVE KING HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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/ExplanationTxt2PERIODIC REVIEWS ARE CONDUCTED TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT TEACHERS: PROGRAM SERVICE EXPENSES 57,774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,774. PAYROLL FEES: PROGRAM SERVICE EXPENSES 2,459. MANAGEMENT AND GENERAL EXPENSES 615. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,074.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/TotalAssetsBOYAmt0101228
IRS990/TotalAssetsEOYAmt0153006
IRS990/TotalAssetsGrp/BOYAmt0101228
IRS990/TotalAssetsGrp/EOYAmt0153006
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt037826
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02170
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069156
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0241796
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313122
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0550
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0101228
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0152456
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0241796
IRS990/TotalProgramServiceRevenueAmt0324570
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0324570
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0362397
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0101228
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0153006
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/WebsiteAddressTxt0WWW.LOFTACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARDI NORMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC. DIR./PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03103509991
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-02
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 ADVISORY GROUP LP
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/PreparationDt02024-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN YACKER
ReturnHeader/ReturnTs02024-10-11T12:20:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$153,006
Liabilities
$550
Net assets
$152,456
Revenue
$362,397
Expenses
$313,122
Net income
$49,275
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
2023Detailed filing. Detailed filing data is available for this year.$1.53$0.01$1.52$3.62$3.13$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$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