Civic Intelligence

Leonardo'S Basement

990 • Fiscal year 2015 • EIN 41-1911604

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

150 West 60th StreetMinneapolis, MN 55419

(612) 824-4394

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

57th percentile

6.6%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$55,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

84th percentile

51%

Faster asset growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

39%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$86,899

Up $29,479 (+51%) from 2014

Net Assets

Up

$86,899

Up $29,479 (+51%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$444,300

Up $124,008 (+39%) from 2014

Expenses

Up

$414,821

Up $93,319 (+29%) from 2014

Net Income

Up

$29,479

Up $30,689 (+2536%) from 2014

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

2015

Assets$86,899
Liabilities$0
Net Assets$86,899

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

2015

Revenue$444,300
Expenses$414,821
Net Income$29,479
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.1
Gross Receipts
$444,300
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 & technology project bldg for children, teens,adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$34,418$67,660▲ $33,242
Cash and Non-Interest-Bearing Accounts$21,199$12,486▼ $8,713
Prepaid Expenses and Deferred Charges$800$5,000▲ $4,200
Accounts Receivable$250$0▼ $250
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$57,420$86,899▲ $29,479
Other Assets Total$753$1,753▲ $1,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$57,420$86,899▲ $29,479
Total Net Assets Fund Balance$57,420$86,899▲ $29,479
Total Liabilities and Net Assets / Fund Balance$57,420$86,899▲ $29,479

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Steve JevningExecutive DirectorFT$55,000$55,000

Board Members and Trustees

NameTitle
Michael ArquinChair
Eric SchnellBoard Member
Gary LeathermanBoard Member
Barry KudrowiczBoard Memeber
Jennifer NelsonSecretary
Willis BowmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,076
Program Service Revenue
$254,183
Investment Income
$41
Other Revenue
$0
All Other Contributions
$142,424
Change in Net Assets
$29,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$292,758
Salaries, Compensation, and Employee Benefits$122,063
Total Fundraising Expense$6,524
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$118,756$1,144$525$120,425
Current Officers, Directors, Trustees, and Key Employees$44,000$5,500$5,500$55,000
Other Salaries and Wages$50,000--$50,000
Other Expenses$40,207$205-$40,412
Occupancy$19,275$2,110-$21,385
Advertising$12,814-$50$12,864
Office Expenses$12,610$11-$12,621
Payroll Taxes$7,337$935$408$8,680
Other Employee Benefits-$8,383-$8,383
Fees for Services Accounting$669$4,671$41$5,381
Insurance$100$3,555-$3,655
Information Technology$2,963$363-$3,326
Total Functional Expenses$379,757$28,540$6,524$414,821
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 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 11

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 are asked to sign a conflict statement and disclose conflicts annually.

Form 990, Part VI, Section B, Line 15

Salaries are determined by reviewing the minnesota council of nonprofits salary and benefits survey.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
Leonardos Basement
EIN
41-1911604
Phone
6128244394
Address
150 WEST 60TH STREET, MINNEAPOLIS, MN 55419

Signing Officer

Name
Steve Jevning
Title
Executive Director
Phone
6128244394
Signed
2016-05-06
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
225

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Linda M Nelson
Phone
6514834521
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The organization hosted the 2015 minneapolis st. Paul mini maker faire. More than 4,300 people participated in the one-day festival which showcased the work of 100 local and regional makers.

Form 990, Part IX, Line 11G

Contractors fees: program service expenses 118,756. Management and general expenses 1,144. Fundraising expenses 525. Total expenses 120,425.

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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/CurrentTaxYearMinus2YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0131
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01117066
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72590
IRS990ScheduleA/PublicSupportPY170Pct00.61520
IRS990ScheduleA/PublicSupportTotal170Amt0527725
IRS990ScheduleA/SubstantialContributorsTotAmt0199133
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0190076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt095660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0118775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0154854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0167493
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0726858
IRS990ScheduleA/TotalSupportAmt0726989
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/ExplanationTxt0THE ORGANIZATION HOSTED THE 2015 MINNEAPOLIS ST. PAUL MINI MAKER FAIRE. MORE THAN 4,300 PEOPLE PARTICIPATED IN THE ONE-DAY FESTIVAL WHICH SHOWCASED THE WORK OF 100 LOCAL AND REGIONAL MAKERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE PRESENTED WITH A COPY OF THE 990 AND ASKED TO VOTE ON APPROVAL AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE ASKED TO SIGN A CONFLICT STATEMENT AND DISCLOSE CONFLICTS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARIES ARE DETERMINED BY REVIEWING THE MINNESOTA COUNCIL OF NONPROFITS SALARY AND BENEFITS SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTORS FEES: PROGRAM SERVICE EXPENSES 118,756. MANAGEMENT AND GENERAL EXPENSES 1,144. FUNDRAISING EXPENSES 525. TOTAL EXPENSES 120,425.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt057420
IRS990/TotalAssetsEOYAmt086899
IRS990/TotalAssetsGrp/BOYAmt057420
IRS990/TotalAssetsGrp/EOYAmt086899
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0190076
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06524
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028540
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0379757
IRS990/TotalFunctionalExpensesGrp/TotalAmt0414821
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt057420
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt086899
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0379757
IRS990/TotalProgramServiceRevenueAmt0254183
IRS990/TotalReportableCompFromOrgAmt055000
IRS990/TotalRevenueGrp/ExclusionAmt041
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0254183
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0444300
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0225
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt057420
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt086899
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt057420
IRS990/UnrestrictedNetAssetsGrp/EOYAmt086899
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 WEST 60TH STREET
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055419
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0LEONARDOSBASEMENT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE JEVNING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06128244394
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEONARDOS BASEMENT
ReturnHeader/Filer/BusinessNameControlTxt0LEON
ReturnHeader/Filer/EIN0411911604
ReturnHeader/Filer/PhoneNum06128244394
ReturnHeader/Filer/USAddress/AddressLine1Txt0150 WEST 60TH STREET
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055419
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411360831
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLSEN THIELEN & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02675 LONG LAKE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055113
ReturnHeader/PreparerPersonGrp/PhoneNum06514834521
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA M NELSON
ReturnHeader/ReturnTs02016-05-16T11:22:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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