Leonardos Basement
- Assets
- $235.6k
- Revenue
- $523.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 41-1911604
Organization Overview
Leonardos Basement is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Leonardos Basement employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leonardos Basement is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Leonardos Basement generated $523.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $459.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION PROGRAMS THAT INCLUDE ENGINEERING, ART AND TECHNOLOGY PROJECT BUILDING FOR CHILDREN, TEENS, AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEONARDO'S BASEMENT PROVIDES ONE-OF-A-KIND WORKSHOP-BASED LEARNING EXPERIENCES FOR CHILDREN, TEENS AND ADULTS TO DESIGN AND BUILD ENGINEERING, ART, AND TECHNOLOGY PROJECTS. IN 2023 A TOTAL OF 1,654 CHILDREN, 97 TEENS, AND 48 ADULTS ATTENDED CLASSES AND WORKSHOPS. LEONARDO'S BASEMENT PARTNERED WITH 8 SCHOOLS TO PROVIDE FIELD TRIP VISITS, SCHOOL RESIDENCIES, AND FAMILY EVENTS REACHING A TOTAL OF 1,542 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willis Bowman Treasurer | OfficerTrustee | 2 | $0 |
Michael Arquin Chair | OfficerTrustee | 2 | $0 |
Anna-Maria Bliss Secretary | OfficerTrustee | 2 | $0 |
Gary Leatherman Board Member | Trustee | 1 | $0 |
Erin Mcdowell Board Member | Trustee | 1 | $0 |
Francisco Saavedra Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,829 |
| Total Program Service Revenue | $251,002 |
| Investment income | $6,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $140,310 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,644 |
| Advertising and promotion | $575 |
| Office expenses | $3,215 |
| Information technology | $5,697 |
| Royalties | $0 |
| Occupancy | $122,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,501 |
| Insurance | $4,448 |
| All other expenses | $0 |
| Total functional expenses | $459,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,525 |
| Savings and temporary cash investments | $108,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,341 |
| Net Land, buildings, and equipment | $93,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,599 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $78,436 |
| Other liabilities | $0 |
| Total liabilities | $78,436 |
| Net assets without donor restrictions | $157,163 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $235,599 |