Civic Intelligence

Leo Foundation

EIN 20-4879525 • 501(c)3 • Phoenix, AZ

Phoenix, AZ
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

0.9%

Higher net margin than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$84,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 23.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

32nd percentile

-20%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

26%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$256,839

Down $64,966 (-20%) from 2023

Liabilities

Down

$1,935

Down $79,134 (-98%) from 2023

Net Assets

Up

$254,904

Up $14,168 (+5.9%) from 2023

Revenue

Up

$362,080

Up $74,931 (+26%) from 2023

Expenses

Down

$358,921

Down $78,901 (-18%) from 2023

Net Income

Up

$3,159

Up $153,832 (+102%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $110,794Liabilities 2010: $02010Assets 2011: $139,194Liabilities 2011: $02011Assets 2012: $769,637Liabilities 2012: $0Net Assets 2012: $769,6372012Assets 2013: $635,087Liabilities 2013: $0Net Assets 2013: $635,0872013Assets 2014: $737,790Liabilities 2014: $124,993Net Assets 2014: $612,7972014Assets 2015: $729,033Liabilities 2015: $100,648Net Assets 2015: $628,3852015Assets 2016: $1,099,294Liabilities 2016: $231,208Net Assets 2016: $868,0862016Assets 2017: $1,301,214Liabilities 2017: $426,480Net Assets 2017: $874,7342017Assets 2018: $949,331Liabilities 2018: $377,251Net Assets 2018: $572,0802018Assets 2019: $608,542Liabilities 2019: $54,865Net Assets 2019: $553,6772019Assets 2020: $469,551Liabilities 2020: $44,124Net Assets 2020: $425,4272020Assets 2021: $508,131Liabilities 2021: $27,688Net Assets 2021: $480,4432021Assets 2022: $437,946Liabilities 2022: $44,360Net Assets 2022: $393,5862022Assets 2023: $321,805Liabilities 2023: $81,069Net Assets 2023: $240,7362023Assets 2024: $256,839Liabilities 2024: $1,935Net Assets 2024: $254,9042024

Highlighted filing

2024

Assets$256,839
Liabilities$1,935
Net Assets$254,904

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $145,105Expenses 2010: $104,097Net Income 2010: $41,0082010Revenue 2011: $197,071Expenses 2011: $168,671Net Income 2011: $28,4002011Revenue 2012: $982,139Expenses 2012: $351,696Net Income 2012: $630,4432012Revenue 2013: $322,640Expenses 2013: $457,190Net Income 2013: -$134,5502013Revenue 2014: $342,228Expenses 2014: $364,518Net Income 2014: -$22,2902014Revenue 2015: $257,905Expenses 2015: $244,945Net Income 2015: $12,9602015Revenue 2016: $736,164Expenses 2016: $519,905Net Income 2016: $216,2592016Revenue 2017: $758,565Expenses 2017: $777,220Net Income 2017: -$18,6552017Revenue 2018: $582,146Expenses 2018: $828,865Net Income 2018: -$246,7192018Revenue 2019: $253,717Expenses 2019: $312,428Net Income 2019: -$58,7112019Revenue 2020: $126,988Expenses 2020: $270,006Net Income 2020: -$143,0182020Revenue 2021: $273,154Expenses 2021: $218,529Net Income 2021: $54,6252021Revenue 2022: $282,271Expenses 2022: $345,655Net Income 2022: -$63,3842022Revenue 2023: $287,149Expenses 2023: $437,822Net Income 2023: -$150,6732023Revenue 2024: $362,080Expenses 2024: $358,921Net Income 2024: $3,1592024

Highlighted filing

2024

Revenue$362,080
Expenses$358,921
Net Income$3,159

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.25$0.36$0.36$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.08$0.24$0.29$0.44$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.04$0.39$0.28$0.35$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.03$0.48$0.27$0.22$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.04$0.43$0.13$0.27$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.05$0.55$0.25$0.31$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.38$0.57$0.58$0.83$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.43$0.87$0.76$0.78$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.23$0.87$0.74$0.52$0.22
2015Summary only. Only limited summary data is available for this year.$0.73$0.10$0.63$0.26$0.24$0.01
2014Summary only. Only limited summary data is available for this year.$0.74$0.12$0.61$0.34$0.36$0.02
2013Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.32$0.46$0.13
2012Summary only. Only limited summary data is available for this year.$0.77$0.00$0.77$0.98$0.35$0.63
2011Summary only. Only limited summary data is available for this year.$0.14$0.00$0.20$0.17$0.03
2010Summary only. Only limited summary data is available for this year.$0.11$0.00$0.15$0.10$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$362,080
Mission and Program Overview

Mission

The organizations primary exempt purpose is to provide scholarships to traditional full-time undergraduate students enrolled at grand canyon university.

The organizations primary exempt purpose is to provide scholarships to traditional full-time undergraduate students enrolled at universities and colleges in arizona.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$202,726$212,452▲ $9,726
Cash and Non-Interest-Bearing Accounts$45,984$36,906▼ $9,078
Investments in Publicly Traded Securities$53,095$5,587▼ $47,508
Land, Buildings, and Equipment, Net-$1,894-
Total Assets$321,805$256,839▼ $64,966
Other Assets Total$20,000--
Liabilities
Other Liabilities$81,069--
Accounts Payable and Accrued Expenses-$1,935-
Total Liabilities$81,069$1,935▼ $79,134
Net Assets / Fund Balance
Net Assets With Donor Restrictions$211,754$227,050▲ $15,296
Net Assets Without Donor Restrictions$28,982$27,854▼ $1,128
Total Net Assets Fund Balance$240,736$254,904▲ $14,168
Total Liabilities and Net Assets / Fund Balance$321,805$256,839▼ $64,966

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,894$3,630$5,524
Equipment-$2,194$2,194
Investment Program Related Org$102,589--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$182,458-▲ $18,587-$193,184
2023$168,887-▲ $21,826-$182,458
2022$157,510$25,320▼ $8,098-$168,886
2021$67,524$78,851▲ $13,873-$157,510
2020$66,593-▲ $4,655-$67,524
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Madeline WinneyCEOFT$84,000$84,000

Board Members and Trustees

NameTitle
Jeff LakesPresident/director
Lori LakesDirector
Rob KottmannDirector
Michele SimphoukhamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$347,441
Program Service Revenue
$0
Investment Income
$8,712
Other Revenue
$5,927
All Other Contributions
$347,441
Change in Net Assets
$3,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,294
Grants and Similar Amounts Paid$119,627
Salaries, Compensation, and Employee Benefits$84,000
Total Fundraising Expense$60,546
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$119,627--$119,627
Current Officers, Directors, Trustees, and Key Employees-$44,000$40,000$84,000
Fees for Services Accounting-$55,400-$55,400
Office Expenses$22,799--$22,799
Other Expenses$24,961$1,429$20,546$20,546
Fees for Services Other-$11,350-$11,350
Advertising$8,205--$8,205
Depreciation Depletion-$3,630-$3,630
Fees for Service Investment Mgmnt Fees-$1,995-$1,995
Insurance-$698-$698
Fees for Services Legal-$274-$274
Total Functional Expenses$175,592$122,783$60,546$358,921
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand Canyon UniversityPhoenix, AZ501c3Support$147,983
Minot State UniversityMinot, ND501c3Support$13,007
Cerarville UniversityCedarville, OH501c3Support$5,066
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Scholarships Payable-
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, Line 11B

Form 990 review process the form 990 is prepared by an outside accounting firm and reviewed by the members prior to filing with the internal revenue service.

Form 990, Part VI, Line 12C

Explanation of monitoring and enforcement of conflicts members are required to disclose annually all conflicts of interest which are monitored by the organizations board

Form 990, Part VI, Line 19

Other organization documents publicly available organization documents are available upon request

Filing and Contact Details

Filer

Filer Name
Leo Foundation
EIN
20-4879525
Address
24 W CAMELBACK RD APT A-407, PHOENIX, AZ 85013

Signing Officer

Name
Madeline Winney
Title
Executive Directorceo
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Madeline Winney
Formed
2006
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Michele L Simphoukham CPA
Address
13329 W JESSE RED DR, PEORIA, AZ 85383
Preparer
Michele L Simphoukham
Phone
6024517016
Raw XML AppendixShowing 400 of 434 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.

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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021826
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0846
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt025320
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0738
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3102589
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0JOYCE KATHLEEN SMITH ENDOWMENT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MINOT STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CERARVILLE UNIVERSITY
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DONATIONS TO OTHER TAX-EXEMPT ENTITIES ARE MADE IN SUPPORT OF THEIR MISIONS AND ARE MONITORED VIA THE GOVERNANCE PRACTICES OF THOSE ENTITIES. SCHOLARSHIPS ARE AWARDED TO UNIVERSITIES BASED ON PRE-DETERMINED CRITERIA.
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY ALL CONFLICTS OF INTEREST WHICH ARE MONITORED BY THE ORGANIZATIONS BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE ORGANIZATION DOCUMENTS ARE AVAILABLE UPON REQUEST
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