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Nonprofit · EIN 41-1911604

LEONARDOS BASEMENT

Tax-exempt · MINNEAPOLIS, MN 55414

Financials

$523K$459K2023$404K$433K2024
Revenue Expenses · by fiscal year end
Financials of LEONARDOS BASEMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$403,541$433,397-$29,856$203,625$76,318$127,307
December 31, 2023990$523,488$459,431$64,057$235,599$78,436$157,163
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$99,613
Program service revenue
$297,438
Investment income
$6,490
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$130,001
Salaries, compensation and benefits (total)
$155,412
Professional fundraising fees
$0
Accounting fees
$4,699
Occupancy
$124,060
Depreciation
$7,501
Program services (functional)
$385,981
Management and general (functional)
$40,734
Fundraising (functional)
$6,682

Balance sheet and other

Total assets, start of year
$235,599
Total assets, end of year
$203,625
Total liabilities, end of year
$76,318
Net assets, end of year
$127,307
Land, buildings and equipment
$85,869
Net assets without donor restrictions
$127,307
Gross receipts
$403,541
Employees
2
Volunteers
87
Year formed
1998
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TRACY NIELSENCO-EXECUTIVE DIRECTOR
Officer
40$68,750
STEVE JEVNINGCO-EXECUTIVE DIRECTOR
Officer
40$61,250
WILLIS BOWMANTREASURER
Trustee or director, Officer
2$0
MICHAEL ARQUINCHAIR
Trustee or director, Officer
2$0
ANNA-MARIA BLISSSECRETARY
Trustee or director, Officer
2$0
GARY LEATHERMANBOARD MEMBER
Trustee or director
1$0
ERIN MCDOWELLBOARD MEMBER
Trustee or director
1$0
FRANCISCO SAAVEDRABOARD MEMBER
Trustee or director
1$0
RAYE SOSSEHBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
STEVE JEVNINGCO-EXECUTIVE DIRECTOR
Officer
40$64,909
TRACY NIELSENCO-EXECUTIVE DIRECTOR
Officer
40$64,909
WILLIS BOWMANTREASURER
Trustee or director, Officer
2$0
MICHAEL ARQUINCHAIR
Trustee or director, Officer
2$0
ANNA-MARIA BLISSSECRETARY
Trustee or director, Officer
2$0
GARY LEATHERMANBOARD MEMBER
Trustee or director
1$0
ERIN MCDOWELLBOARD MEMBER
Trustee or director
1$0
FRANCISCO SAAVEDRABOARD MEMBER
Trustee or director
1$0
RAYE SOSSEHBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2 MALCOLM AVE SE, MINNEAPOLIS, MN 55414-3308
In care of
% STEVE JEVNING
Principal officer (990 for 2024)
STEVE JEVNING, 2 MALCOLM AVE SE, MINNEAPOLIS, MN 55414
Signed the 990
STEVE JEVNING, CO-EXECUTIVE DIRECTOR
Phone
(612) 824-4394
Return prepared by
DS&B LTD

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $385,981 · revenue $297,438

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1911604
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$203,625
Income (IRS master file)
$403,541

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$403,541$433,397$203,625XML
990December 2023$523,488$459,431$235,599XML
990December 2022$364,657$400,705$177,115IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1911604).

Questions about LEONARDOS BASEMENT

What is the EIN of LEONARDOS BASEMENT?
The employer identification number (EIN) of LEONARDOS BASEMENT is 41-1911604.
Is LEONARDOS BASEMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to LEONARDOS BASEMENT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEONARDOS BASEMENT file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LEONARDOS BASEMENT due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEONARDOS BASEMENT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LEONARDOS BASEMENT?
The 990 for the year ended December 31, 2024 names STEVE JEVNING.
Who are the officers and directors of LEONARDOS BASEMENT?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $68,750 (TRACY NIELSEN, CO-EXECUTIVE DIRECTOR).
How much revenue does LEONARDOS BASEMENT have?
On its 990 for the year ended December 31, 2024 it reported revenue of $403,541, expenses of $433,397 and total assets of $203,625 at year end.

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