LEONARDO'S BASEMENT

EIN: 411911604 501(c)(3) Human Services

MINNEAPOLIS, MN

Total Revenue
$403,541
Total Expenses
$433,397
Total Assets
$203,625
Net Assets
$127,307
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
STEVE JEVNING
Phone
6128244394
Tax Period
2024-01-01 to 2024-12-31

LEONARDO'S BASEMENT, founded in 1998, is a small nonprofit in the Human Services sector that reported $404K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

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 TOREINVENT THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $385,981 Revenue: $297,438

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 2024 A TOTAL OF 1,567...

Read more

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 2024 A TOTAL OF 1,567 CHILDREN, 116 TEENS, AND 54 ADULTS ATTENDED CLASSES AND WORKSHOPS. LEONARDO'S BASEMENT PARTNERED WITH 9 SCHOOLS TO PROVIDE FIELD TRIP VISITS, SCHOOL RESIDENCIES, AND FAMILY EVENTS REACHING A TOTAL OF 1,934 PARTICIPANTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $99,613
Program Service Revenue $297,438
Investment Income $6,490
Other Revenue $0
TOTAL REVENUE $403,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $155,412
Fundraising Expenses $6,682
Program Expenses $385,981
Other Expenses $277,985
TOTAL EXPENSES $433,397

Year-over-Year Comparison

2024 2023 Change
Revenue $403,541 $523,488 -0.2%
Expenses $433,397 $459,431 -0.1%
Net Income $-29,856 $64,057 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
Employees
2
Volunteers
87

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$130,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIS BOWMAN TREASURER 2.00
Officer Director
$0 $0 $0
MICHAEL ARQUIN CHAIR 2.00
Officer Director
$0 $0 $0
ANNA-MARIA BLISS SECRETARY 2.00
Officer Director
$0 $0 $0
GARY LEATHERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN MCDOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCISCO SAAVEDRA BOARD MEMBER 1.00
Director
$0 $0 $0
RAYE SOSSEH BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE JEVNING CO-EXECUTIVE DIRECTOR 40.00
Officer
$61,250 $0 $61,250
TRACY NIELSEN CO-EXECUTIVE DIRECTOR 40.00
Officer
$68,750 $0 $68,750
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $403,541 $433,397 $203,625 $-29,856
2023 $523,488 $459,431 $235,599 $64,057
2022 $364,657 $400,705 $177,115 $-36,048
2021 $394,636 $310,145 $209,054 $84,491
2020 $259,533 $285,633 $108,463 $-26,100
2019 $423,482 $401,100 $71,023 $22,382
2018 $507,507 $486,985 $42,589 $20,522
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LEONARDO'S BASEMENT with other nonprofits in Minnesota and across the country.