Civic Intelligence

Leonardo'S Basement

990 • Fiscal year 2019 • EIN 41-1911604

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 02, 2020

150 West 60th StMinneapolis, MN 55419

(612) 824-4394

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

54th percentile

5.3%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

94th percentile

$60,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

87th percentile

67%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

27th percentile

-17%

Faster revenue growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$71,023

Up $28,434 (+67%) from 2018

Net Assets

Up

$70,763

Up $22,382 (+46%) from 2018

Liabilities

Up

$260

Up $6,052 (+104%) from 2018

Revenue

Down

$423,482

Down $84,025 (-17%) from 2018

Expenses

Down

$401,100

Down $85,885 (-18%) from 2018

Net Income

Up

$22,382

Up $1,860 (+9.1%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $46,569Liabilities 2011: $2,849Net Assets 2011: $43,7202011Assets 2012: $49,566Liabilities 2012: $0Net Assets 2012: $49,5662012Assets 2013: $59,313Liabilities 2013: $683Net Assets 2013: $58,6302013Assets 2014: $57,420Liabilities 2014: $0Net Assets 2014: $57,4202014Assets 2015: $86,899Liabilities 2015: $0Net Assets 2015: $86,8992015Assets 2016: $9,754Liabilities 2016: $72,670Net Assets 2016: -$62,9162016Assets 2017: $47,067Liabilities 2017: $19,208Net Assets 2017: $27,8592017Assets 2018: $42,589Liabilities 2018: -$5,792Net Assets 2018: $48,3812018Assets 2019: $71,023Liabilities 2019: $260Net Assets 2019: $70,7632019Assets 2020: $108,463Liabilities 2020: $63,800Net Assets 2020: $44,6632020Assets 2021: $209,054Liabilities 2021: $79,900Net Assets 2021: $129,1542021Assets 2022: $177,115Liabilities 2022: $84,009Net Assets 2022: $93,1062022Assets 2023: $235,599Liabilities 2023: $78,436Net Assets 2023: $157,1632023Assets 2024: $203,625Liabilities 2024: $76,318Net Assets 2024: $127,3072024

Highlighted filing

2019

Assets$71,023
Liabilities$260
Net Assets$70,763

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $359,6082011Expenses 2012: $352,1512012Revenue 2013: $363,248Expenses 2013: $354,184Net Income 2013: $9,0642013Revenue 2014: $320,292Expenses 2014: $321,502Net Income 2014: -$1,2102014Revenue 2015: $444,300Expenses 2015: $414,821Net Income 2015: $29,4792015Revenue 2016: $462,911Expenses 2016: $612,726Net Income 2016: -$149,8152016Revenue 2017: $647,157Expenses 2017: $556,382Net Income 2017: $90,7752017Revenue 2018: $507,507Expenses 2018: $486,985Net Income 2018: $20,5222018Revenue 2019: $423,482Expenses 2019: $401,100Net Income 2019: $22,3822019Revenue 2020: $259,533Expenses 2020: $285,633Net Income 2020: -$26,1002020Revenue 2021: $394,636Expenses 2021: $310,145Net Income 2021: $84,4912021Revenue 2022: $364,657Expenses 2022: $400,705Net Income 2022: -$36,0482022Revenue 2023: $523,488Expenses 2023: $459,431Net Income 2023: $64,0572023Revenue 2024: $403,541Expenses 2024: $433,397Net Income 2024: -$29,8562024

Highlighted filing

2019

Revenue$423,482
Expenses$401,100
Net Income$22,382
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 2, 2020
Return Version
2019v5.1
Gross Receipts
$423,482
Mission and Program Overview

Mission

Leonardo's basement is a one-of-a-kind creative learning environment. For "kids" of all ages to design and build from their imagination. Our values include: learning through doing; encouraging process over product, including the importance of risk taking; respect for all individuals and their potential to enrich the community; recognition that children and adults learn from each other; belief in the continuous development of our organization; and knowledge that everyone can be curious and creative. Our vision is to transform people to reinvent the world.

Education programs that include engineering, art and technology project building for children, teens, and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$32,832$54,444▲ $21,612
Cash and Non-Interest-Bearing Accounts$4,757$11,579▲ $6,822
Prepaid Expenses and Deferred Charges$5,000$5,000→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$42,589$71,023▲ $28,434
Liabilities
Accounts Payable and Accrued Expenses$-5,792$260▲ $6,052
Total Liabilities$-5,792$260▲ $6,052
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$48,381$70,763▲ $22,382
Total Net Assets Fund Balance$48,381$70,763▲ $22,382
Total Liabilities and Net Assets / Fund Balance$42,589$71,023▲ $28,434

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$16,712$16,712
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steve JevningExecutive DirectorFT$60,000$60,000

Board Members and Trustees

NameTitle
Michael ArquinChair
Erin McdowellBoard Member
Erin ZobelBoard Member
Gary LeathermanBoard Member
Anna-maria BlissSecretary
Willis BowmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$127,380
Program Service Revenue
$295,991
Investment Income
$111
Other Revenue
$0
All Other Contributions
$122,035
Change in Net Assets
$22,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$266,613
Salaries, Compensation, and Employee Benefits$131,967
Total Fundraising Expense$9,015
Professional Fundraising Fees$2,520
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$96,962$979-$97,941
Fees for Services Other$91,392$846$49$92,287
Current Officers, Directors, Trustees, and Key Employees$36,000$18,000$6,000$60,000
Other Salaries and Wages$50,600$4,400-$55,000
Other Expenses$10,830$303-$11,133
Payroll Taxes$6,700$1,787$446$8,933
Other Employee Benefits$1,042$6,992-$8,034
Office Expenses$6,349$664-$7,013
Advertising$6,796--$6,796
Information Technology$5,389--$5,389
Insurance-$4,192-$4,192
Fees for Services Accounting-$4,099-$4,099
Fees for Services Professional Fundraising--$2,520$2,520
Travel$511--$511
Conferences and Meetings$91--$91
Total Functional Expenses$349,823$42,262$9,015$401,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,520
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
Yes
Other officer compensation reviewed
Yes
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

Board members are presented with a copy of the 990 and asked to vote on approval at board meeting.

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

Board members disclose conflicts and sign a conflict statement annually. Executive director monitors potential conflicts.

Form 990, Part VI, Section B, Line 15

Salaries are determined after annual review of the minnesota council of nonprofits salary and benefits survey.

Form 990, Part VI, Section C, Line 19

Documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
LEONARDO'S BASEMENT
EIN
41-1911604
Phone
6128244394
Address
150 WEST 60TH ST, MINNEAPOLIS, MN 55419

Signing Officer

Name
Steve Jevning
Title
Executive Director
Phone
6128244394
Signed
2020-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Jevning
Formed
1998
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
110

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Marc a Kotsonas
Phone
6512276695
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractor fees: program service expenses 91,392. Management and general expenses 846. Fundraising expenses 49. Total expenses 92,287.

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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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IRS990/MissionDesc0LEONARDO'S BASEMENT IS A ONE-OF-A-KIND CREATIVE LEARNING ENVIRONMENT. FOR "KIDS" OF ALL AGES TO DESIGN AND BUILD FROM THEIR IMAGINATION. OUR VALUES INCLUDE: LEARNING THROUGH DOING; ENCOURAGING PROCESS OVER PRODUCT, INCLUDING THE IMPORTANCE OF RISK TAKING; RESPECT FOR ALL INDIVIDUALS AND THEIR POTENTIAL TO ENRICH THE COMMUNITY; RECOGNITION THAT CHILDREN AND ADULTS LEARN FROM EACH OTHER; BELIEF IN THE CONTINUOUS DEVELOPMENT OF OUR ORGANIZATION; AND KNOWLEDGE THAT EVERYONE CAN BE CURIOUS AND CREATIVE. OUR VISION IS TO TRANSFORM PEOPLE TO REINVENT THE WORLD.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0218
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01593632
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61990
IRS990ScheduleA/PublicSupportPY170Pct00.58500
IRS990ScheduleA/PublicSupportTotal170Amt0552739
IRS990ScheduleA/SubstantialContributorsTotAmt0338768
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0127380
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0154902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0289724
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0129425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0190076
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0891507
IRS990ScheduleA/TotalSupportAmt0891725
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/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016712
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016712
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE PRESENTED WITH A COPY OF THE 990 AND ASKED TO VOTE ON APPROVAL AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS DISCLOSE CONFLICTS AND SIGN A CONFLICT STATEMENT ANNUALLY. EXECUTIVE DIRECTOR MONITORS POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES ARE DETERMINED AFTER ANNUAL REVIEW OF THE MINNESOTA COUNCIL OF NONPROFITS SALARY AND BENEFITS SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 91,392. MANAGEMENT AND GENERAL EXPENSES 846. FUNDRAISING EXPENSES 49. TOTAL EXPENSES 92,287.
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 B, LINE 15
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/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt042589
IRS990/TotalAssetsEOYAmt071023
IRS990/TotalAssetsGrp/BOYAmt042589
IRS990/TotalAssetsGrp/EOYAmt071023
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0127380
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09015
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042262
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0349823
IRS990/TotalFunctionalExpensesGrp/TotalAmt0401100
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-5792
IRS990/TotalLiabilitiesEOYAmt0260
IRS990/TotalLiabilitiesGrp/BOYAmt0-5792
IRS990/TotalLiabilitiesGrp/EOYAmt0260
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt048381
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt070763
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0349823
IRS990/TotalProgramServiceRevenueAmt0295991
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt0111
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0295991
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0423482
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0110
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042589
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071023
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0511
IRS990/TravelGrp/TotalAmt0511
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 WEST 60TH ST
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055419
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0LEONARDOSBASEMENT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE JEVNING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06128244394
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEONARDO'S BASEMENT
ReturnHeader/Filer/BusinessNameControlTxt0LEON
ReturnHeader/Filer/EIN0411911604
ReturnHeader/Filer/PhoneNum06128244394
ReturnHeader/Filer/USAddress/AddressLine1Txt0150 WEST 60TH ST
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055419
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A680FB980F86B67CF43D5A506D490872891226D2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A7B85E2DAFD6C55447C2E455C2EBDAFE0D75B4F6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.160.107.97
ReturnHeader/FilingSecurityInformation/IPDt02020-07-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:29:02
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411647057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEYULBRICHCHRISTIANSEN & RUSS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 RIVER PARK PLAZA SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055107
ReturnHeader/PreparerPersonGrp/PhoneNum06512276695
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC A KOTSONAS
ReturnHeader/ReturnTs02020-07-13T17:57:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.04$0.76$1.27$4.04$4.33$0.30
2023Detailed filing. Detailed filing data is available for this year.$2.36$0.78$1.57$5.23$4.59$0.64
2022Detailed filing. Detailed filing data is available for this year.$1.77$0.84$0.93$3.65$4.01$0.36
2021Detailed filing. Detailed filing data is available for this year.$2.09$0.80$1.29$3.95$3.10$0.84
2020Detailed filing. Detailed filing data is available for this year.$1.08$0.64$0.45$2.60$2.86$0.26
2019Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$4.23$4.01$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.43$0.06$0.48$5.08$4.87$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.19$0.28$6.47$5.56$0.91
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.73$0.63$4.63$6.13$1.50
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$4.44$4.15$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$3.20$3.22$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.59$3.63$3.54$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$3.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.03$0.44$3.60