Civic Intelligence

Leonardo'S Basement

990 • Fiscal year 2020 • EIN 41-1911604

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 16, 2021

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

89th percentile

0.59x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.25x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

28th percentile

-10%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$30,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

80th percentile

53%

Faster asset growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-39%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$108,463

Up $37,440 (+53%) from 2019

Net Assets

Down

$44,663

Down $26,100 (-37%) from 2019

Liabilities

Up

$63,800

Up $63,540 (+24438%) from 2019

Revenue

Down

$259,533

Down $163,949 (-39%) from 2019

Expenses

Down

$285,633

Down $115,467 (-29%) from 2019

Net Income

Down

-$26,100

Down $48,482 (-217%) from 2019

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

2020

Assets$108,463
Liabilities$63,800
Net Assets$44,663

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

2020

Revenue$259,533
Expenses$285,633
Net Income-$26,100
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 16, 2021
Return Version
2020v4.1
Gross Receipts
$259,533
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$54,444$64,990▲ $10,546
Cash and Non-Interest-Bearing Accounts$11,579$23,270▲ $11,691
Land, Buildings, and Equipment, Net$0$15,203▲ $15,203
Prepaid Expenses and Deferred Charges$5,000$5,000→ $0
Total Assets$71,023$108,463▲ $37,440
Liabilities
Unsecured Notes Loans Payable-$63,800-
Accounts Payable and Accrued Expenses$260--
Total Liabilities$260$63,800▲ $63,540
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$70,763$44,663▼ $26,100
Total Net Assets Fund Balance$70,763$44,663▼ $26,100
Total Liabilities and Net Assets / Fund Balance$71,023$108,463▲ $37,440

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$15,203$17,304$32,507
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steve JevningExecutive DirectorFT$30,000$30,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$117,468
Program Service Revenue
$142,020
Investment Income
$45
Other Revenue
$0
All Other Contributions
$115,468
Change in Net Assets
$-26,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,846
Salaries, Compensation, and Employee Benefits$96,787
Total Fundraising Expense$3,299
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$89,675$906-$90,581
Other Salaries and Wages$49,500$5,500-$55,000
Fees for Services Other$51,095$515$40$51,650
Current Officers, Directors, Trustees, and Key Employees$18,000$9,000$3,000$30,000
Other Expenses$8,919$638-$9,557
Payroll Taxes$5,504$919$259$6,682
Advertising$6,127--$6,127
Office Expenses$3,695$2,190-$5,885
Information Technology$5,494$75-$5,569
Other Employee Benefits$5,105--$5,105
Insurance-$4,142-$4,142
Fees for Services Accounting-$3,633-$3,633
Travel$850--$850
Depreciation Depletion$592--$592
Total Functional Expenses$254,816$27,518$3,299$285,633
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
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
2021-07-16
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
32

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 51,095. Management and general expenses 515. Fundraising expenses 40. Total expenses 51,650.

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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/OtherIncome170Grp/TotalAmt01460
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56230
IRS990ScheduleA/PublicSupportPY170Pct00.61990
IRS990ScheduleA/PublicSupportTotal170Amt0461445
IRS990ScheduleA/SubstantialContributorsTotAmt0357454
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0117468
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0127380
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0154902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0289724
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0129425
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0818899
IRS990ScheduleA/TotalSupportAmt0820581
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/BookValueAmt015203
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017304
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt032507
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015203
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 51,095. MANAGEMENT AND GENERAL EXPENSES 515. FUNDRAISING EXPENSES 40. TOTAL EXPENSES 51,650.
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/TotalAssetsBOYAmt071023
IRS990/TotalAssetsEOYAmt0108463
IRS990/TotalAssetsGrp/BOYAmt071023
IRS990/TotalAssetsGrp/EOYAmt0108463
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0117468
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03299
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027518
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0254816
IRS990/TotalFunctionalExpensesGrp/TotalAmt0285633
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0260
IRS990/TotalLiabilitiesEOYAmt063800
IRS990/TotalLiabilitiesGrp/BOYAmt0260
IRS990/TotalLiabilitiesGrp/EOYAmt063800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt070763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt044663
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0254816
IRS990/TotalProgramServiceRevenueAmt0142020
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt045
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0142020
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259533
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt032
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071023
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0108463
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0850
IRS990/TravelGrp/TotalAmt0850
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt063800
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE JEVNING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06128244394
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-16
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/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/PreparationDt02021-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC A KOTSONAS
ReturnHeader/ReturnTs02021-07-27T14:35:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JEVNING
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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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